PRESENTER: Presenter
Jeff Jewell, Economic and Community Development Director
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SUBJECT: Title
Discussion and possible action to transition the TIRZ 3 Advisory Board from Spring-appointed to Fall-appointed and extend all existing members’ terms from May 31 to November 30 of each respective year
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DEPARTMENT: Economic and Community Development
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COUNCIL DISTRICTS IMPACTED: 1, 5
BACKGROUND INFORMATION:
Tax Increment Reinvestment Zones are governed by the Chapter 311 of the Texas Tax Code and Section 311.009 addresses Composition of Board of Directors. Per item F, each year the governing body of the municipality or county that created the zone shall appoint one member of the board to serve as chairman for a term of one year that begins on January 1 of the following year.
In order to better align with the duration of the Chair’s appointment, staff recommends the Board transition from a Spring-appointed board to a Fall-appointed board.
If the Board approves the change to Fall, all existing members will extend their current terms an additional six (6) months to November 30 of each respective year. Members whose terms expire May 31, 2026 will extend to November 30, 2026 and members whose terms expire May 31, 2027 will extend to November 30, 2027.
If both the Spring to Fall transition and the six-month extension is approved, the recommendation will go to City Council in July for final approval.
STRATEGIC PLAN REFERENCE:
☐Economic Mobility ☐Enhanced Connectivity ☐Community Identity
☐Organizational Excellence ☐Community Well-Being ☒N/A
FISCAL IMPACT:
There is no fiscal impact for these proposed changes.
Recommendation
RECOMMENDATION:
Staff recommends approval of the Board-appointment change to Fall and the additional six-month term extension for all current members.