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

AGENDA TIRZ #1, 2, 3 and 4/Power Center Board Meeting 12:00 PM - Wednesday, September 13, 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, September 13, 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. If you choose not to attend in person and you wish to submit public comments, email support@cityofterrell.org and title the email ”Public Comment”. All public comments submitted by 8:00 a.m. on the day of the meeting will be provided to the TIRZ No.1, 2, 3 & 4 / Power Center Board Members and recorded into the minutes. Page 1. CALL TO ORDER 2. INVOCATION 3. PLEDGE TO AMERICAN FLAG AND TEXAS FLAG. Page 1 of 15 4. HEAR REMARKS FROM VISITORS This time is set aside on the agenda to invite any person to address the Board on issues not subject to a public hearing. Routine administrative matters are best discussed with the appropriate City Staff before bringing them to the Board. Prior to the meeting, please complete a "Citizen Participation Form" and present it to the Administrative Assistant. In accordance with the Texas Open Meetings Act, Section 551.042, the Board cannot discuss, consider, or take action on matters not listed on the agenda. Speakers should limit their comments to 3 minutes and are asked to speak into the microphone provided, identifying themselves for the record. The total amount of time set aside for this place on the agenda is 15 minutes. Comments of a personal nature directed at the Board or Staff are inappropriate. 5. ADOPTION OF MINUTES 5.1. Discuss approval of minutes from the TIRZ #1, 2, 3 and 4/Power Center 4 - 5 Board Meeting on August 23, 2023. TIRZ #1, 2, 3 and 4/Power Center Board Meeting - Aug 23 2023 - Minutes - Pdf 6. BUSINESS ITEMS 6.1. Discuss and Consider TIRZ #1 Budget. 6-7 030 TIF No. 1 Fund FY2023-24 Breakdown 030 TIF No. 1 Fund FY2023-24 Dashboard 6.2. Discuss and Consider TIRZ #2 Budget. 8-9 052 TIRZ No. 2 FY2023-2024 Breakdown 052 TIRZ No. 2 FY2023-2024 Dashboard 6.3. Discuss and Consider TIRZ #3 Budget. 10 - 11 053 TIRZ No. 3 FY2023-2024 Breakdown 053 TIRZ No. 3 FY2023-2024 Dashboard 6.4. Discuss and Consider TIRZ #4 Budget. 12 - 13 054 TIRZ No. 4 FY2023-2024 Breakdown 054 TIRZ No. 4 FY2023-2024 Dashboard 6.5. Discuss and Consider Power Center Budget. 14 - 15 007 Power Center Fund FY2023-2024 Breakdown 007 Power Center Fund FY2023-2024 Dashboard Page 2 of 15  7. ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING: 7.1. Section 551.087 Deliberations Regarding Economic Development Negotiations. 8. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ITEMS DISCUSSED IN EXECUTIVE SESSION. 9. 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, September 7, 2023 –5:00 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 3 of 15 ITEM 5.1. MINUTES TIRZ #1, 2, 3 and 4/Power Center Board Meeting Meeting 12:00 PM - Wednesday, August 23, 2023 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, August 23, 2023 at 12:00 PM 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 Charles Whitaker gave the invocation. 3 PLEDGE TO AMERICAN FLAG AND TEXAS FLAG. Juan Salazar led the pledge. 4 HEAR REMARKS FROM VISITORS None. 5 ADOPTION OF MINUTES a) Discuss approval of minutes from the Tax Increment Reinvestment Zone No. 1, 2, 3 and 4 and Power Center Board Meeting on August 16, 2023. Mike Hunt moved moved to approve the minutes from the Tax Increment Reinvestment Zone No. 1, 2, 3 and 4 and Power Center Board Meeting on August 16, 2023, with Donna Anderson seconding the motion. Carried by the following votes: Ayes: Terry Barber, Mike Hunt, Juan Salazar, Charles Whitaker, and Donna Anderson TIRZ #1, 2, 3 and 4/Power Center Board Meeting August 23, 2023 Meeting Page Page41ofof15 2 ITEM 5.1. 6 BUSINESS ITEMS a) Discuss and Consider Resolution No. 2023-3 for TIRZ #3 Authorization of Resolution for Eastland Business Park. Mike Sims presented this item to the Board for Discussion. No action taken. 7 ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING: a) Section 551.087 Deliberations Regarding Economic Development Negotiations. 8 RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ITEMS DISCUSSED IN EXECUTIVE SESSION. No action taken. 9 ADJOURN. Chairman Juan Salazar Attest: City Secretary Dawn Steil TIRZ #1, 2, 3 and 4/Power Center Board Meeting August 23, 2023 Meeting Page Page52ofof15 2 ITEM 6.1. Fund 030 TIF No. 1 Fiscal Year 2024 Department 00 REVENUE Revenues 2024 Account 2022 2023 2023 2023 Proposed Number Account Name Projected Budget Actual Projected Budget 00-3301-09 COUNTY TIF TAXES 2017-2016 432.20 - - 432.20 - 00-3301-10 COUNTY TIF TAXES 2018-2017 - - - - - 00-3301-11 COUNTY TIF TAXES 2019-2018 2,149.41 - - 2,149.41 - 00-3301-12 COUNTY TIF TAXES 2020-2019 29,535.94 - - 29,535.94 - 00-3301-13 COUNTY TIF TAXES 2021-2020 318,840.00 - - 318,840.00 - 00-3301-14 COUNTY TIF TAXES 2022-2021 480,721.09 - 231,278.23 639,688.00 00-3304-02 CITY TIF TAXES 2010-2009 6.06 - - 700.00 - 00-3304-10 CITY TIF TAXES 2016-2015 344.73 - - - - 00-3304-11 CITY TIF TAXES 2017-2016 8,310.76 - - 432.20 - 00-3304-12 CITY TIF TAXES 2018-2017 87,485.27 - - - - 00-3304-13 CITY TIF TAXES 2019-2018 1,299,997.94 - - 2,149.41 - 00-3304-14 CITY TIF TAXES 1,761,748.56 - 771,492.86 2,467,716.00 00-3601-00 INTEREST INCOME 1,170.36 750.00 926.82 1,000.00 30,000.00 Revenue Totals 1,748,272.67 2,243,219.65 926.82 1,358,010.25 3,137,404.00 Fund 030 TIF No. 1 Fiscal Year 2024 County TIF No. 1 Expenses 2024 Account 2022 2023 2023 2023 Proposed Number Account Name Projected Budget Actual Projected Budget 15-4404-00 CONSULTANT FEES & SERVICES 18,871.68 90,000.00 46,251.36 27,733.23 235,000.00 15-4404-01 SENIOR/LIBRARY ASSESSMENT - 120,000.00 47,914.91 50,000.00 60,000.00 15-4404-02 TIRZ ADMINISTRATIVE COSTS - 60,000.00 3,836.28 5,000.00 60,000.00 15-4410-00 TIF REIMBURSEMENT SINACOLA - 11,370.84 - 11,370.84 13,076.00 15-4410-02 TIF REIMBURSEMENT BAYLOR - 87,128.63 - 87,128.63 100,198.00 15-4410-03 TIF REIMBURSEMENT TMC 115,168.27 87,128.63 108,700.77 108,700.77 100,198.00 15-4410-04 TIF REIMBURSEMENT BUC EE'S 129,870.91 101,737.38 122,577.46 122,577.46 116,998.00 15-4410-06 COUNTY TIF REIM CROSSROADS 609,314.31 833,440.89 771,492.86 771,492.86 958,457.00 15-4414-00 DOWNTOWN PROJECT OFFICE - 250,000.00 14,728.00 14,728.00 250,000.00 15-4414-01 TWN SQUARE MASTER PLAN 37,313.76 270,000.00 191,354.99 191,354.99 75,000.00 15-4414-02 DOWNTOWN SIDEWALK GRANT - 80,000.00 - - 20,000.00 15-4414-03 PINA PARTNERSHIP - 75,000.00 74,700.00 74,700.00 - 15-4414-04 BFTS PRECONSTRUCTION - 90,000.00 48,684.23 48,684.23 35,000.00 15-4440-01 DEMOLITION - 300,000.00 136,131.00 136,131.00 150,000.00 15-4441-00 DOWNTOWN M&O - - - - 200,000.00 new 15-4445-00 DOWNTOWN CONTINGENCY - - - - 50,000.00 new 15-4500-00 DRAINAGE LANDSCAPE PROJEC - 100,000.00 - - 100,000.00 15-4500-01 LAND ACQUISITION - 130,000.00 33,879.32 33,879.32 130,000.00 15-4500-02 DOWNTOWN PARKING LOT - - - - 300,000.00 new 15-4501-00 APACHE TRAIL - FS No.3 - - - - 400,000.00 new 90-4495-00 TRANSFER OUT I&S NO. 1 (F012) 171,876.00 346,184.00 242,328.80 346,184.00 346,187.00 90-4495-01 TRANSFER OUT IT (F044) - - - - 130,000.00 90-4495-02 TRANSFER OUT STRMWTR MGMT (F037) - - - - 450,000.00 Expense Totals 1,082,414.93 3,031,990.37 1,842,579.98 2,029,665.33 4,280,114.00 Page 6 of 15 ITEM 6.1. TIRZ NO. 1 - Budget Summary 2024 2022 2023 2023 2023 Proposed Actual Budget Actual Projected Budget Revenue by Category Ad Valorem Taxes 1,747,102.31 2,242,469.65 - 1,357,010.25 3,107,404.00 Interest 1,170.36 750.00 926.82 1,000.00 30,000.00 TOTAL REVENUES 1,748,272.67 2,243,219.65 926.82 1,358,010.25 3,137,404.00 Expenditures by Category Contractual Obligations 854,353.49 1,022,306.90 1,002,771.09 1,002,771.09 2,793,927.00 Contingency - - - - 50,000.00 Transfers Out - - - - 1,436,187.00 TOTAL Expenditures 854,353.49 1,022,306.90 1,002,771.09 1,002,771.09 4,280,114.00 Net Income (Expense) 893,919.18 1,220,912.75 (1,001,844.27) 355,239.16 (1,142,710.00) Fund Balance, Beginning of Year 844,740.82 844,740.82 844,740.82 1,199,979.98 Fund Balance, End of Year 1,102,640.82 (157,103.45) 1,199,979.98 57,269.98 Page 7 of 15 ITEM 6.2. Fund 052 TIRZ No. 2 Fiscal Year 2024 Department 00 REVENUE Revenues 2024 Account Proposed Number Account Name Budget 00-3301-00 COUNTY TIF TAXES 6,125.00 00-3304-00 CITY TIF TAXES 3,179.00 Revenue Totals 9,304.00 Fund 052 TIRZ No. 2 Fiscal Year 2024 Expenses 2024 Account Proposed Number Account Name Budget 15-4404-02 TIRZ ADMINISTRATIVE COSTS 10,000.00 - Expense Totals 10,000.00 Page 8 of 15 ITEM 6.2. TIRZ NO. 2 - Budget Summary 2024 2023 2023 2023 Proposed Budget Actual Projected Budget Revenue by Category Ad Valorem Taxes - - - 9,304.00 Interest - - - TOTAL REVENUES - - - 9,304.00 Expenditures by Category Contractual Obligations - - - 10,000.00 TOTAL Expenditures - - - 10,000.00 Net Income (Expense) - - - (696.00) Fund Balance, Beginning of Year - - - Fund Balance, End of Year - - (696.00) Page 9 of 15 ITEM 6.3. Fund 053 TIRZ No. 3 Fiscal Year 2024 Department 00 REVENUE Revenues 2024 Account Proposed Number Account Name Budget 00-3301-00 COUNTY TIF TAXES 5,053.00 00-3304-00 CITY TIF TAXES 9,736.00 Revenue Totals 14,789.00 Fund 053 TIRZ No. 3 Fiscal Year 2024 Expenses 2024 Account Proposed Number Account Name Budget 15-4404-02 TIRZ ADMINISTRATIVE COSTS 10,000.00 - Expense Totals 10,000.00 Page 10 of 15 ITEM 6.3. TIRZ NO. 3 - Budget Summary 2024 2023 2023 2023 Proposed Budget Actual Projected Budget Revenue by Category Ad Valorem Taxes - - - 14,789.00 Interest - - - TOTAL REVENUES - - - 14,789.00 Expenditures by Category Contractual Obligations - - - 10,000.00 TOTAL Expenditures - - - 10,000.00 Net Income (Expense) - - - 4,789.00 Fund Balance, Beginning of Year - - - Fund Balance, End of Year - - 4,789.00 Page 11 of 15 ITEM 6.4. Fund 054 TIRZ No. 4 Fiscal Year 2024 Department 00 REVENUE Revenues 2024 Account Proposed Number Account Name Budget 00-3301-00 COUNTY TIF TAXES 8,328.00 00-3304-00 CITY TIF TAXES 16,047.00 Revenue Totals 24,375.00 Fund 054 TIRZ No. 4 Fiscal Year 2024 Expenses 2024 Account Proposed Number Account Name Budget 15-4404-02 TIRZ ADMINISTRATIVE COSTS 10,000.00 - Expense Totals 10,000.00 Page 12 of 15 ITEM 6.4. TIRZ NO. 4 - Budget Summary 2024 2023 2023 2023 Proposed Budget Actual Projected Budget Revenue by Category Ad Valorem Taxes - - - 24,375.00 Interest - - - - TOTAL REVENUES - - - 24,375.00 Expenditures by Category Contractual Obligations - - - 10,000.00 TOTAL Expenditures - - - 10,000.00 Net Income (Expense) - - - 14,375.00 Fund Balance, Beginning of Year - - - Fund Balance, End of Year - - 14,375.00 Page 13 of 15 ITEM 6.5. Fund 007 Power Center Fiscal Year 2024 Department 00 REVENUE Revenues 2024 2022 2023 2023 2023 Proposed Account Number Account Name Actual Budget Actual Projected Budget 00-3301-01 COUNTY PWR CTR TAXES 2018-2016 134.72 - - - - 00-3301-02 CITY POWER CENTER 2019-2016 2,713.61 - - - - 00-3301-03 CITY POWER CENTER 2020-2016 26,685.29 - - - - 00-3301-04 CITY POWER CENTER 2021-2016 354,396.61 - - - - 00-3301-05 COUNTY PWR CTR TAXES 2022-2021 - 346,292.47 - 346,292.47 398,236.00 00-3304-00 CITY POWER CENTER 2017-2016 - - - - - 00-3304-02 CITY POWER CENTER 2019-2018 - - - - - 00-3304-03 CITY POWER CENTER 2020-2019 - - - - - 00-3304-04 CITY POWER CENTER 2021-2020 - - - - - 00-3304-05 CITY POWER CENTER 2022-2022 - 516,528.19 - 516,528.19 594,007.00 00-3312-00 TRANS FROM GENERAL FUND 386,200.38 - - - - 00-3601-00 INTEREST INCOME 966.85 750.00 172.72 200.00 863.00 00-3312-00 TRANS IN I&S F012 102,157.27 - - - - Revenue Totals 873,254.73 863,570.66 172.72 863,020.66 993,106.00 Fund 007 Power Center Fiscal Year 2024 Department 15 EXPENSES Expenses 2024 2022 2023 2023 2023 Proposed Account Number Account Name Actual Budget Actual Projected Budget 15-4404-01 PC ADMINISTRATIVE COSTS - 20,000.00 - - 20,000.00 15-4404-01 DEVELOPMENT PARTNERSHIP - - - - 500,000.00 15-4410-02 POWER CENTER REIMB BAYLOR 169,844.82 - 167,558.25 95,688.27 - 15-4410-03 POWER CENTER REIMB TMC 6,340.91 106,824.84 5,117.39 4,880.83 122,849.00 15-4410-04 POWER CENTER REIMB BUC EE'S 7,150.40 79,277.65 5,770.67 5,503.92 91,169.00 15-4410-06 POWER CENTER REIMB CROSSROADS 508,830.62 587,531.48 545,005.91 279,547.76 675,661.00 15-4414-01 ENGINEERING - 100,000.00 - - - 15-4500-00 DRAINAGE LANDSCAPE PROJ - 100,000.00 - - - Expense Totals 692,166.75 993,633.97 723,452.22 385,620.78 1,409,679.00 Page 14 of 15 ITEM 6.5. Power Center Budget Summary 2024 Proposed 2022 Actual 2023 Budget 2023 Actual 2023 Projected Budget Revenue by Category Ad Valorem Taxes 383,930.23 862,820.66 - 862,820.66 992,243.00 Transfers-In 488,357.65 - - - - Interest 966.85 750.00 172.72 200.00 863.00 TOTAL REVENUES 873,254.73 863,570.66 172.72 863,020.66 993,106.00 Expenditures by Category Contractual Obligations 692,166.75 773,633.97 723,452.22 385,620.78 1,409,679.00 Transfers Out - 100,000.00 - - - TOTAL Expenditures 692,166.75 873,633.97 723,452.22 385,620.78 1,409,679.00 Net Income (Expense) 181,087.98 (10,063.31) (723,279.50) 477,399.88 (416,573.00) Fund Balance, Beginning of Year 384,056.43 113,412.43 113,412.43 590,812.31 Fund Balance, End of Year 113,412.43 (609,867.07) 590,812.31 174,239.31 Page 15 of 15