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1999-07-28 TAX INCREMENT REINVESTMENT ZONE NO. 2 BOARD MEETING MINUTESMINUTES OF THE BOARD OF DIRECTORS MEETING Tax Increment Reinvestment Zone Number Two CITY OF PEARLAND, TEXAS July 28, 1999 The meeting of the Board of Directors ("Board") of the Tax Increment Reinvestment Zone Number Two ("Zone"), City of Pearland, Texas, was held in the City Council Chambers of Pearland City Hall, located at 3519 Liberty Drive, Pearland, Texas, on Wednesday, July 28, 1999, at 3:00 p.m. The meeting was open to the public. Board Members in Attendance: Gary Cook, Vice Chair Bobby Verdine Jim DeShazer John Knox City of Pearland Representatives in Attendance: Alan Mueller Hon. Helen Beckman Michael Ross Brazoria County Drainage District #4: Mike Yost Public in Attendance: None 1. Introduction. Board Members not in Attendance: David Castillo, Chairman Mike Pybum, Secretary Consultants in Attendance: Patti Joiner - Knudson & Associates Charles Knight - Knudson & Associates Lynne Humphries — Vinson & Elkins John Perry — LJA Engineering David Tinney — LJA Engineering The Vice Chair, Gary Cook introduced City Council Member Helen Beckman. 2. Call the meeting to order, take attendance and verify that a quorum in present. Vice Chair Garry Cook called the meeting to order at 3:07 p.m. and took attendance. The following Board Members were present: 1. Gary Cook 2. John Knox 3. Jim DeShazer 4. Bobby Verdine Chairman David Castillo and Secretary Mike Pyburn were not in attendance. 3. Discuss and approve minutes of the July 20, 1999 Board meeting. Following discussion, Board Member Knox moved that the board approve the minutes with revisions from the Board Meeting of July 20, 1999. Board Member DeShazer seconded the motion. The Board unanimously approved the motion. 4. Receive report from Developer. Alan Mueller reported that Mayor, Day, Caldwell & Keeton, legal counsel for the City, was currently incorporating the City's comments the draft Interlocal Agreement between the City, TIRZ 2 and Brazoria County and would distribute the updated draft to the other jurisdictions thereafter. Patti Joiner of Knudson & Associates reported that the City Council would hold a workshop on August 5, 1999 and consider adoption of the Final Plan at its next Council meeting on August 9, 1999. Mike Yost of the Brazoria County Drainage District 44 reported that the Drainage District planned to vote on the Final Plan at its meeting on August 11, 1999. 5. Discussion of Draft Project Plan and Reinvestment Zone Financing Plan. Patti Joiner began a discussion of the draft Financing Plan for City of Pearland TIRZ No. 2. General discussion followed. No action was taken. 6. Consider and approve schedule of regular meetings. Following discussion, it was agreed that the Board's next meeting would be held on Wednesday August 4, 1999 at 6:30 p.m. 7. New Business. No new business was brought before the Board. 8. Any other matters which may properly come before the Board. No other business was brought before the Board. 2 9. Adjournment. Board Member Knox moved that the meeting be adjourned. Board Member Verdine seconded the motion. The Board unanimously approved the motion and the meeting was adjourned at 4:30 p.m. Approved: Z Mike Pyburn I Board Secretary Tax Increment Reinvestment Zone Number Two City of Pearland, Texas 3