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2003T38-Desolving ReinvestmentOI/DINANCE NO. AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS, DISSOLVING REINVESTMENT ZONE NUMBER ONE, DISBANDING THE SCHERTZ PARKWAY ZONE BOARD OF DIRECTORS, AND PROVIDING FOR THE DISPOSTION OF FUNDS OF THE TAX INCREMENT FINANCING FUND. WHEREAS, Reinvestment zone number one, called the Schertz Par~ay Zone, and the Schertz Par~ay Zone Board of Directors was created in 1993, by City of 8Chertz Ordinance 93-T-10, for the purpose of overseeing the widening of Schertz Parkway, and WHEREAS, the Schertz Parkway widening project is complete, and WHEREAS, the Schertz Parkway Zone Board of Directors met on 29 September, 2003, and by unanimous vote approved 8chertz Parkway Zone Resolution 013-:2 which recommended to the City Council of the City of ~¢hertz the Boa.rd of Directors be disbanded, and WHEREAS, Resolution 03-2 further described disposition of Schertz Parkway Zone funds. the recommended NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEX~S: That, the Schertz Parkway Zone Board of Directors be disbanded, and That, the Schertz Parkway Zone Tax Increment Finance Fund shall be disposed as described in 8chertz Parkway Zone Resolution 03-2. Approved on first reading thO~/~day of /~~~~_, _, :2003. PASSED, APPROVED AND ADOPTED this~ day of_ ~__~--~~_~ , 2003. ATTEST: City Secretary, City of Schertz,.Tex~s -(SEAL OF Mayor,.. City of Schertz,'Texas SC~R~ PARKWAY ZONE BOARD OF DIRECTORS Resolution No. 03-2 WHEREA~, the Schertz Parkway Zone Board and the Tax Increment Financing Zone was created by Ordinance #93-T-10; AND; WHEREA~, Ordinance termination; AND; #93-T-10 did not establish a date certain for WHEREA~, the Schertz Parkway Zone Board of Directors have completed their task with the substantial completion of the Schertz Parkway Widening Project; THEREFORE, be it resolved by the SCHERTZ PARKWAY ZONE BOARD OF DIRECTOR~ TO RECOMMEND to the Schertz City Council that said Board be dissolved. BE IT FURTHER RESOLED, that the Board recommends funds within the TIF Fund be distributed as follows: ae be co All funds within the TIF Fund, except for $1,000.00, be deposited in the City of Schertz Interest and Sinking Fund to defray the bonds used to f'mance the project. The $1,000 be deposited in the City of Schertz General Fund for the specific purpose of offsetting any ancillary costs of the Board {final audit costs, and other incidentals.} Any funds remaining from the original $1,000.00 alter payment of any ancillary costs shall also be transferred to the City of 8chertz Interest and Sinking ~und. PASSED AND APPROVED THIS THE 29th DAY OF September, 2003. Gerald H. Bethke Chairman Donna L. Dykes Recording Secretary SCHERTZ PARKWAY ZONE MINUTES 20 September 2003 SCHERTZ MUNICIPAL COMPLEX ITEM # 1 CALL TO ORDER Mr. Bethke called the meeting to Order at 7:00 p.m. THOSE PRESENT STAFF Gerald Bethke Charles Sharpe Christy Shriver Mark Marquez Donna Dykes GUESTS Mr. Robert Brockman ITEM #2 AP~OVAL OF MIHUTES (5 May 2003) The Board recommended changes to the minutes. Ms. Shriver moved to approve the minutes as amended. The motion was seconded by Mr. Sharpe and carried unanimously. ITEM # 3 CITIZENS COMMENTS Mr. Broclauan complimented the board on doing a good job. the board for some help with regards to the following issues- He asked ao be co He requested that an article be placed in the Schertz Tales Newsletter regarding the operation of the traffic signals. As they are presently operating, drivers perceive that the crossing guard has control of the signals. He does not have control of the signals. There is a problem with the signals responding to traffic conditions. He noted that adults are jayw~g and not observing the walk signals at the intersection of Savannah and Schertz Parkway. This is not setting a good example for children. He asked that an article address this issue as well and suggested that the City of Schertz might have a jaywalldng ordinance. He commented that the Hike and Bike trail may or may not be a good mix. He suggested that as bike lanes have been 1 of 4 established, a set of dots might be made to separate the bikers from the hikers and joggers. Mr. Bethke added that with regard to the biking trails, bikers are not coming to a stop at intersections. Until some bikers are given a ticket for running a stop sign, it will probably continue. This practice is dangerous. Mr. Marquez commented that they do have bicycle safety courses but not often enough. Bikers have right of way under some circumstances, but not completely. Mr. Bethke asked if a bicycle is in the traffic lane, do they not have to abide by traffic laws. Mr. Marquez responded, exactly yes they do! Mr. Bethke added that it would be good to put an article in the paper regarding jayw~ng. ITEM #4 DISCU~ION AND ACTION RF~OMMENDING DISSOLUTION OF THE SCHERTZ PARKWAY ZONE BOARD OF DIRECTO~ TO CITY COUNCIL The board discussed the completion of the Schertz Parkway and recommending dissolution of the board. Mr. Sharpe moved to recommend dissolution of the Schertz Parkway Zone Board of Directors to the Schertz City Council. The motion was seconded by Ms. 8hriver and carried unanimously. ITEM #5 DISCU~ION AND ACTION ON DISPOSITION OF MONIES IN THE SCHERTZ PARKWAY ZONE (TIF) FUND Mr. Marquez briefed the board that there is approximately $78,000 remaining in the fund. He recommended for prudence that there be a final audit to close the fund. He also commented that since no bonds have been sold, there are no outstanding debts. He recommended $1,000 be placed in General Fund to cover any and all final expenses, (including the audit). The balance of the fund should be applied to the IntereSt and Sinking (I & S) fund. This means that once these monies are" ~pplied to the I & S fund they cannot be touched other than to pay for bonds. Mr. Bethke asked about the signage. 2 of 4 Mr. Marquez said that was the only other item. some bond money left. He said that there is still Mr. Marquez said that the total signage cost in front would be approximately $30,000. Thc letters themselves arc around $13,000. They are building a curved monument into which the letter will be inset. This could be paid for out of thc left over bond monies. The remaining bond monies should cover all the signage costs. He still recommends that the monies in the TIF fund go to the I &S fund. Mr. Sharpe made a motion to recommend that all funds within the TIF Fund, except for $1,000.00, be deposited in the City of Schertz Interest and Sinking Fund. Further, that any remaining funds after all debts are paid to also go to the Interest and Sinking Fund. The motion was seconded by Ms. Shriver and carried unanimously. ITEM #6 OLD BUSINESS None. ITEM #7 NEW BUSINESS None. ITEM # 9 BOARD MEMBER COMMENTS Mr. Sharpe said that it has been a long struggle and he is glad to have worked himself out of a job. He has had a special fondness for this committee and it was his suggestion that the Parkway be named Schertz Parkway. He just hopes they don't plant shrubs that grow up and cover the signs. Ms. Shriver said that she has really enjoyed it. ITEM # 10 STAFF COMMENTS Mr. Marquez said that he has really appreciated this board. This board has faced more adversity and disappointments than any of the other boards he has dealt with. This board has been disciplined in how the meetings were nm and it has been a pleasure and an honor to work with the board and Mr. Bethke. He also acknowledged the work, over the years, of the board's recording secretaries, Ms. Evelyn Boggess, Ms. Teresa Prigrnore and Ms. Donna Dykes. ITEM # 11 CHAIRMAN COMMENTS 3 of 4 Mr. Bethke produced that first board minutes and noted that it has been 2 days short of exactly 10 years since they started. He thanked the members of the board and said that it has been a real team effort. He appreciates all that they have done. ITEM # 12 tD,IOIIRN Mr. Charles Shm-pe made a motion to adjourn the meeting. The motion was seconded by Ms. Christy Shriver and carried unanimously. Meeting adjourned at 7:9.5 p.m. Gerald H. Bethke, Chairman Donna Dykes, Recording Secretary 4 of 4 THE STATE OF TEXAS, PUBLISHER'S AFFIDAVIT County of Guadalupe Before me, the undersigned authority, on this date personally appeared . - _,,,~,~.~,~ cr~,., " , known to me, who, being by me duly sworn,.on his oath deposes and says that he is the Publisher of The Seguin Gazette- · Enterprise, a newspaper of general circulation, published in said county; that a copy of the within and foregoing notice was published in said newspaper / time(s) befere the return day named therein, such publications being on the following dates' and a newspaper copy of which is hereto attached. 8wom to a/~subscdbed before me this. ~~~ day of ~ c~J"' A.D. 2003 Notary Public, Guadalupe County, Texas TH E STATE 0 F TEXAS, PUBLISHER'S AFFIDAVIT County of Guadalupe Before me, the undersigned authority, on this date personally appeared . · ,'r~~,.., r..,-~:~ "_ , known to me, who, being by me duly sworn, on his oath deposes and says that he is the Publisher of The Seguin Gazette- Enterprise, a newspaper of general circulation, published in said county; that a copy of the within and foregeing netice was published in said newspaper----.-_/ time(s) before the return day named therein, such publications being on the following dates' and a newspaper copy of which is hereto attached. DISSOLViNe ~,~ 'M~'~T . FINANCING FUND: Swo~~subscdbed.. before me this //~~ day of _, ~D., 2003. Notary Public, Guadalupe County, Texas