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Minutes 4-14-2009REINVESTMENT ZONE NUMBER TWO, CITY OF SCHERTZ, TEXAS MINUTES REGULAR MEETING APRIL 14, 2009 A regular meeting was held by the Board of Directors of Reinvestment Zone Number Two, City of Schertz, Texas ("TIRZ") on April 14, 2009 at 5:00 p.m., in the Council Chamber Conference Room, 1400 Schertz Parkway. Building #4, Schertz, Texas. The following members were present, to-wit: Chair, Tony Wilenchik Secretary/Treasurer Michael Carpenter Board Member Larry Aiken Board Member Cluis Price Board Member Steve White CALL TO ORDER: Vice-Chair Bob Cantu Board Member John Bierschwale Board Member George Antuna Board Member Melvin Golla The meeting was called to order by Tony Wilenchik at 5:01 p.m. 1. 2. 4. Approval of minutes from February 10, 2009. Steve White made motion to approve minutes. Seconded by Melvin Golla. Vote was tnanimous. Motion Carried. Briefing on Sedona Project Cun•ently there is one model home, three in final stages, and four additional slabs being poured. Temporary force main and treatment site has been determined. Agreement with Schertz Public Works with interim pump and haul for four months if lift station is not completed. The City will pump and haul at TIRZ expense until station is complete. Lenar has bought out New Mark Homes. By end of year, approximately 36 houses should be constructed. Approval of Assignment requested by Developer's Lender The Developer's Lender has loaned the Developer a little over 2 million dollars for construction expenses. The Lender has asked the TIRZ to approve an assignment to the Lender of TIRZ payments to the Developer as security for its loan. Tony Wilenchik to sign documents. Steve White made motion to approve. Second by George Antuna. Vote was unanimous. Motion Carried. Report on Tax Increment deposits sozzo3~z.~ Zero tax increment deposits to date. Larry -Aiken made motion to approve report. Second by Bob Cantu. Vote was unanimous. Motion Carried. 5. Approval of payment of Administrative Costs and Project Costs Invoices have been received from Bexar County and the City of Schertz. Motion was made by Steve White to postpone approval until next meeting. Second by George Antuna. Vote was unanimous. Motion Carried. ADJOURNMENT As there was no further action, Chair Tony Wilenchik adjourned the meeting at 5:40 p.m. Next meeting set for June 9, 2009 at 5:30 p.m. L~r Tony Wilenchik, Chair ATTEST• _ Cindy Raleigh, c ding Secretary sozzos~z.i