1999-08-17 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
August 17, 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 Monday, August 17,
1999, at 6:00 p.m. The meeting was open to the public.
Board Members in Attendance:
Gary Cook, Vice Chair
Bobby Verdine
Jim DeShazer
John Knox
Mike Pyburn
City of Pearland Representatives in Attendance:
Alan Mueller
Public in Attendance:
None
1. Introduction.
Board Members not in Attendance:
David Castillo, Chairman
Consultants in Attendance:
Lynne Humphries — Vinson & Elkins
Frank Ildebrando — Rauscher Pierce Refnes, Inc
David Tinney — LJA Engineering
Charles Knight - Knudson & Associates
The Vice Chair, Gary Cook asked those in attendance to introduce themselves.
2. Call the meeting to order, take attendance and verify that a quorum in present.
Vice Chair Gary Cook called the meeting to order at 6:07 p.m. and tools attendance. The
following Board Members were present:
1.
Gary Cook
2.
John Knox
3.
Jim DeShazer
4.
Bobby Verdine
5.
Mike Pybum
Chairman David Castillo was not in attendance.
3. Discuss and approve minutes of the August 9, 1999 Board meeting.
Following discussion, Board Member Verdine moved that the board approve the minutes of the
August 9, 1999 meeting without revision. Board Member Knox seconded the motion. The
Board unanimously approved the motion.
4. Receive report from Developer.
Alan Mueller reported that it would be next month before action would be taken by the City
Council to replace Board Member Castillo. Mueller reported that Brazoria County voted on
August 10, 1999 to participate in the Zone at 38% and that Fort Bend County had not yet taken
action on participation level. Board Member Knox reported that one Fort Bend County
Commissioner wants to reduce participation to 38%. Mueller reported that AISD wanted a
paragraph added to the Plan stating that in case of conflict with the Plan, the AND Interlocal
Agreement would control. Mueller further reported that the Brazoria Drainage District No. 4
tabled consideration of approval of participation in the Zone until August 18, 1999. He reported
six points where there was no agreement between the City and the Drainage District. Mueller
said the biggest area of disagreement was over approval of plats by the Drainage District.
Mueller reported the Drainage District met on August 16, 1999 and approved a Plan with
different provisions. David Tinney explained changes in land use that might be made to
compensate for loss of Drainage District participation. Frank Ildebrando discussed debt service
requirements for TIRZ bond issuance. Gary Cook reported that the Project Plan and Financing
Plan would have both projections assuming no growth and projections assuming growth. Lynne
Humphries reported that FBISD participation will be included in the Plans to allow FBISD to
participate.
5. Consider and approve schedule of regular meetings.
Following discussion, it was agreed that the Board's next meeting would be held on Monday,
August 23, 1999 at 4:00 p.m.
6. New Business.
No new business was brought before the Board.
7. Any other matters which may properly come before the Board.
No other business was brought before the Board.
8. Adjournment.
Board Member DeShazer moved that the meeting be adjourned. Board Member Pyburn
seconded the motion. The Board unanimously approved the motion and the meeting was
adjourned at 6:57 p.m.
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Approved:
Board Secretary
Tax Increment Reinvestment Zone Number Two
City of Pearland, Texas
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