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City Council Agenda Request
December 19, 2017
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AGENDA REQUEST NO: VII.A.
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| | AGENDA OF: City Council Meeting |
| | INITIATED BY: Thomas Harris III, Assistant City Secretary |
| | PRESENTED BY: Joe Zimmerman, Mayor |
| | RESPONSIBLE DEPARTMENT: City Secretary |
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| | | | | | | | | AGENDA CAPTION: | | Consideration of and action on appointments of three members to Tax Increment Reinvestment Zone Number One Board of Directors Positions Six, Seven, and Eight for two-year term January 01, 2018 through December 31, 2019; and appoint Chair for one-year term January 01, 2018 to December 31, 2018. |
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| | | | | | | | | RECOMMENDED ACTION: | | Appoint three members to Tax Increment Reinvestment Zone Number One Board of Directors Position Six, Position Seven, and Position Eight for the period January 01, 2018 through December 31, 2019; and appoint a Chair for a one-year term extending January 01, 2018 through December 31, 2018. |
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| | | | | | | | | EXECUTIVE SUMMARY: | Tax Increment Reinvestment Zone Number One oversees the Zone encompassing Sugar Land Town Square. The Board is a recommending body to City Council for administration and implementation of the zone project plan and the reinvestment zone financing plan for public improvements in Town Square.
The Board consists of nine members. Members serve two-year terms, with the exception of the two positions appointed indefinitely by the State Senator and State Representative for the Zone. Positions Six, Seven, and Eight have terms expiring December 31, 2017. Finally, the City Council appoints a Chair of the Board each year.
Therefore, staff recommends the City Council appoint three members to Tax Increment Reinvestment Zone Number One Board of Directors (Positions Six, Seven, and Eight) for the period January 01, 2018 through December 31, 2019, as well as appoint a Chair for a one-year term extending January 01, 2018 through December 31, 2018.
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| BUDGET |
| | EXPENDITURE REQUIRED: N/A |
| | CURRENT BUDGET: N/A |
| | ADDITIONAL FUNDING: N/A |
| | FUNDING SOURCE: |
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