TIRZ No. 1 and No. 2 Board Meeting

Minutes of Tax Increment Reinvestment Zone (TIRZ) Number One & Number Two Board - December 5, 2016 City of Dripping Springs A Tax Increment Reinvestment Zone (TIRZ) Number One & Number Two Board of City of Dripping Springs was held Monday, December 5, 2016, beginning at 4:00 PM in the City Hall, 511 Mercer Street, Dripping Springs, Texas. I. CALL TO ORDER AND ROLL CALL - 4:00PM Board Members TIRZ 1 & 2 Patrick Rose - Chair MimJames Missy Atwood Dr. Bruce Gearing John McIntosh Lali Rambeau Charlie Busbey City Staff/Aru>9inted Officials City Administrator Michelle Fischer City Attorney Laura Mueller City Secretary Angelica Reyes Chairman Patrick Rose called the meeting to order at 4:05P.M All board members were present. Also present were City Administrator Michelle Fischer, City Attorney Laura Mueller, and City Secretary Angelica Reyes. Board members begun introduction and City Attorney provided background information on the newly formed board This meeting served as an organizational purpose meeting. City Attorney and board members concurred that the purpose ofthis board is to provide due diligence to the Dripping Springs City Council regarding matters relating to TIRZ 1 and TIRZ 2. II. BUSINESS (TIRZ #1) Organizational Meeting of TIRZ No. 1 Board ofDirectors A. Ordinance No. 1110.15: An Ordinance of the City of Dripping Springs designating a geographic area within the city as a Reinvestment, TIRZ Number One, Town Center TIRZ, describing the boundaries of the TIRZ, creating a board of directors, establishing a Tax Increment Fund, containing findings, providing an effective and a termination date. 1. Staff Report - City Attorney provided overview, report on file. B. Bylaws of Tax Increment Reinvestment Zone No. 1, Town Center TIRZ 1. Staff Report - City Attorney provided overview, report on file. 2. Consideration and possible adoption of bylaws - City Attorney provided overview, report onfile. Staff recommended adoption ofthe Bylaws/or TIRZ No. 1. .... 3. Appointment of Vice-Chair for TIRZ No. I - City Attorney provided overview, and recommended appointment of Vice-Chair for TIRZ No. I either at today's meeting or the next meeting. C. Final Project Plan 1. Staff Report - City Attorney provided overview, report on file. 2. Consideration and possible adoption of Final Project Plan for TIRZ No. 1 - City Attorney provided overview, report on file. Staff recommended adopting the Final Project Plan for TIRZNo. 1. Chairman Rose recommended moving to next agenda item before voting on logistical matters on Bylaws and Final Project Plan. III. BUSINESS (TIRZ #2) Organizational Meeting of TIRZ No. 2 Board ofDirectors A. Ordinance No. 1110.16: An Ordinance of the City of Dripping Springs designating a geographic area within the city as a Reinvestment, TIRZ Number Two, Arrowhead TIRZ, describing the boundaries of the TIRZ, creating a board of directors, establishing a Tax Increment Fund, containing findings, providing an effective and a termination date. 1. Staff Report - City Attorney provided overview, report on file. B. Bylaws of Tax Increment Reinvestment Zone No. 2, Arrowhead TIRZ 1. Staff Report - City Attorney provided overview, report on file. 2. Consideration and possible adoption of bylaws 3. Appointment of Vice-Chair for TIRZ No.2 - City Attorney provided overview, report on file. Staff recommended adoption of the Bylaws for TIRZ No. 2. C. Final Project Plan 1. Staff Report - City Attorney provided overview, report on file. 2. Consideration and possible adoption of Final Project Plan for TIRZ No. 2 - City Attorney provided overview, report on file. Staffrecommended adopting the Final Project Plan for TIRZNo. 2. Board members discussed the presentations and reports on file. The board provided the following recommendations: The Board recommended that in both TIRZ I and TIRZ 2, on page estimating the potential cost (page 47 and page 93 ofFinal Project Plan, the following wording should read: Instead ofreading: "City Hall site acquisition and building", it needs to read "City Hall acquisition and portion of Town Center". The Board discussed the bylaws in great detail and stated that under page 29 ofthe TIRZ I and TIRX 2 Bylaws: "Additional special meetings may be called as deemed necessary by the Board ofDirectors or the City Council", the board recommended that these special meetings ifneeded can be taken via telephone, as long as the board is not breaking the rule of the bylaws.  The Board recommended to meet on the first Monday ofthe Month at 4:00 P.M at City Hall. With exception ofJanuary 2, 2012 due to the New Year's Day Holiday or any other day that wouldfall under City Staff holiday. The next meeting will occur on Monday, January 9, 2017. Board member Missy Atwood motioned to approve the Bylaws and Final Project Plan for TIRZ #1 with requested changes. Board Member Mim James seconds. VOTE: 6:0 in favor, motion to adopt TIRZ #1 Bylaws passes. Board member Mim James motioned to approve the Bylaws and Final Project Plan for TIRZ #2 with requested changes. Board Member Bruce Gearing seconds. VOTE: 6:0 in favor, motion to adopt TIRZ #2 Bylaws passes. Board member Bruce Gearing motioned to nominate board member Mim James as the Vice-Chair ofthe TIRZ No. 1 and No. 2 Board. Board Member Missy Atwood seconds. VOTE: 6:0 infavor, motion passes. IV. ADJOURN Board Member Bruce Gearing motioned to adjourn the meeting. Board member Missy Atwood seconds. VOTE: 6:0 in favor, motion passes. Meeting adjourns at 5: 18P.M