TIRZ #1, 2, 3 and 4/Power Center Board Meeting

AGENDA TIRZ #1, 2, 3 and 4/Power Center Board Meeting 8:30 AM - Wednesday, January 4, 2023 City Council Chambers, 201 E. Nash Street, Terrell, TX Board Members Juan Salazar, Chairman Terry Barber, Vice-Chairman Mike Hunt, Board Member Charles Whitaker, Board Member Donna Anderson, Board Member City Manager Mike Sims NOTICE IS HEREBY GIVEN that the TIRZ #1/Power Center Board will conduct a meeting at 9:00 a.m. on Wednesday, January 4, 2023, at Terrell City Hall located at 201 East Nash Street. The meeting is open to the public with limited seating in the Council Chambers. Recommendations of the CDC regarding social distancing will be practiced during the course of the public meeting to slow the spread of the Coronavirus (COVID-19). Page 1. CALL TO ORDER 2. INVOCATION 3. PLEDGE TO AMERICAN FLAG AND TEXAS FLAG. 4. ADOPTION OF MINUTES 4.1. Discuss and Consider Approval of Minutes from the Tax Increment 3 - 4 Reinvestment Zone No. 1, 2, 3 and 4 and Power Center Boards on December 7, 2022. TIRZ #1, 2, 3 and 4/Power Center Board Meeting - Dec 07 2022 - Minutes - Pdf Page 1 of 6  5. NEW BUSINESS 5.1. Discuss Financial Reports. 5.2. Discuss and Consider TIRZ No. 2 Resolution #2023-1 Authorizing Tax 5 - 6 Increment Reinvestment Zone No. 2 Funding for Arboretum Estates Public Infrastructure Projects. TIRZ 2 Resolution 2023-1 6. ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING: Section 551.087 Deliberations Regarding Economic Development Negotiations. 7. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ITEMS DISCUSSED IN EXECUTIVE SESSION. 8. ADJOURN. I, the undersigned authority, do hereby certify that the above NOTICE OF MEETING of the TIRZ #1/Power Center Board is a true and correct copy of said NOTICE, which has been posted on the front OUTDOOR BULLETIN BOARD CABINET FOR AGENDAS of the Terrell City Hall, Terrell, Texas, a place convenient and readily accessible to the General Public and on the website at cityofterrell.org, and which has been continuously posted for a period of seventy- two (72) hours prior to the date and time said meeting was convened. Posted Thursday, December 29, 2022 –3:00 p.m. _______________________________________ Dawn Steil, City Secretary This facility is wheelchair accessible and accessible parking spaces are available. Requests for accommodations or interpretive services must be made 48 hours prior to this meeting. Please contact the City Secretary’s office at 972-551-6600 for further information. Braille is not available. TIRZ #1/Power Center Board Reserves the Right to Adjourn into Executive Session to Seek Legal Counsel on a Matter Which the Canon of Legal Ethics Demands to Preserve the Attorney- Client Privilege Pursuant to Section 551.071(2) of the Texas Government Code. Page 2 of 6 ITEM 4.1. Draft MINUTES TIRZ #1, 2, 3 and 4/Power Center Board Meeting Meeting 8:30 AM - Wednesday, December 7, 2022 City Council Chambers, 201 E. Nash Street, Terrell, TX The City of Terrell Council met in TIRZ #1, 2, 3 and 4/Power Center Board Meeting on Wednesday, December 7, 2022 at 8:30 AM in the City Council Chambers, 201 E. Nash Street, Terrell, TX. MEMBERS Vice-Chairman Terry Barber PRESENT: Board Member Mike Hunt Chairman Juan Salazar Board Member Charles Whitaker Board Member Donna Anderson MEMBERS ABSENT: STAFF PRESENT: City Manager Mike Sims City Secretary Dawn Steil 1 CALL TO ORDER Juan Salazar called the meeting to order. 2 INVOCATION Terry Barber gave the invocation. 3 PLEDGE TO AMERICAN FLAG AND TEXAS FLAG. Juan Salazar led the pledge. 4 ADOPTION OF MINUTES a) Discuss and Consider Approval of Minutes from October 31, 2022. Mike Hunt moved to approve the Minutes from Tax Increment Reinvestment Zone No. 1, 2, 3 and 4 and Power Center Board Meetings on October 31, 2022, with Terry Barber seconding the motion. Carried by the following votes: Ayes: Terry Barber, Mike Hunt, Juan Salazar, Charles Whitaker, and Donna Anderson 5 NEW BUSINESS a) Discuss and Consider Resolution #2022-8 authorizing Tax Increment Reinvestment Zone No. 4 Funding for Northspur Public Infrastructure Projects. TIRZ #1, 2, 3 and 4/Power Center Board Meeting December 7, 2022 Meeting Page 1 3 of 2 6 ITEM 4.1. Draft Mike Hunt moved to approve TIRZ No. 4 Resolution No. 2022-1, A Resolution Of The Tax Increment Reinvestment Zone No. 4 Board Authorizing Tax Increment Reinvestment Zone No. 4 Funds To Be Paid To The Kaufman County Water Control And Improvement District No. 1 As Reimbursement For Project Costs; Authorizing The City Manager Or His Designee To Negotiate And The Mayor To Execute The Development Agreement And Any Other Documents Necessary; And Establishing An Effective Date , with Charles Whitaker seconding the motion. Carried by the following votes: Ayes: Terry Barber, Mike Hunt, Juan Salazar, Charles Whitaker, and Donna Anderson 6 ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING: Passed. 7 RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ITEMS DISCUSSED IN EXECUTIVE SESSION. Passed. 8 ADJOURN. Chairman Juan Salazar Attest: City Secretary Dawn Steil TIRZ #1, 2, 3 and 4/Power Center Board Meeting December 7, 2022 Meeting Page 2 4 of 2 6 ITEM 5.2. TIRZ NO. 2 RESOLUTION NO. 2023-1 A RESOLUTION OF THE TAX INCREMENT REINVESTMENT ZONE NO. 2 BOARD AUTHORIZING TAX INCREMENT REINVESTMENT ZONE NO. 2 FUNDS TO BE PAID TO ARBORETUM ESTATES AS REIMBURSEMENT FOR PROJECT COSTS; AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO NEGOTIATE AND THE MAYOR TO EXECUTE THE DEVELOPMENT AGREEMENT AND ANY OTHER DOCUMENTS NECESSARY; AND ESTABLISHING AN EFFECTIVE DATE WHEREAS, Tax Increment Reinvestment Zone No. 2 was created on August 23, 2022 and includes the land shown on Exhibit A, Property Description; and WHEREAS, the Tax Increment Reinvestment Zone No. 2 Board desires to promote development in Terrell and Kaufman County for the benefit of its citizens for residential, commercial, industrial and retail purposes; and WHEREAS, the City of Terrell and MM Terrell 1098, LLC mutually desire a Development Agreement setting forth the terms for annexation, construction of certain public improvements and the development of the property; and WHEREAS, the terms of the annexation allows for a reduction in the overall dwelling units feasible on the development; and WHEREAS, the City of Terrell has determined that a Development Agreement creating a fee schedule and a 380 program, facilitating annexation and promoting the eventual construction of both the Terrell Arboretum and the Outer Loop will serve the public purpose of promoting local economic development and enhancing business and commercial activity within the City and Kaufman County. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF TERRELL, TEXAS THAT: Section I. That the findings and declarations contained in the preamble of this Resolution are incorporated herein as part of this Resolution. Section II. That the City Manager or his designee be authorized to negotiate and the Mayor and/or the Tax Increment Reinvestment Zone No. 2 Board Chairman to execute a Development Agreement between the Tax Increment Reinvestment Zone No. 2 Board acting through and with the City of Page 5 of 6 ITEM 5.2. Terrell and MM Terrell 1098, LLC to facilitate the development of the property as set forth in the Agreement. Section III. That the Tax Increment Reinvestment Zone No. 2 Board recommends the Terrell City Council authorize that a calculated portion of Tax Increment Reinvestment Zone No. 2 funds generated solely from within the intended +/- 1,098 boundary of Arboretum Estates be paid to Arboretum Estates as reimbursement for Project Costs as set forth in the TIRZ No. 2 Project Plan. Section IV. This Resolution shall be effective immediately after its passage. PASSED AND APPROVED by the Tax Increment Reinvestment Zone No. 2 on this ____ day of January, 2023. ______________________________ Juan Salazar, Chairman ATTEST: __________________________________ DAWN STEIL, City Secretary Page 6 of 6