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Minutes 6-09-2009MINUTES REINVESTMENT ZONE NUMBER TWO, CITY OF SCHERTZ, TEXAS REGULAR MEETING JUNE 9, 2009 A regular meeting was held by the Reinvestment Zone Number Two City of Schertz, Texas (TIRZ) on June 9, 2009 at 5:00 p.m., in the Council Chamber Conference Room, 1400 Schertz Parkway. Building #4, Schertz, Texas. The following members and staff were present, to-wit: Chair, Tony Wilenchik Secretary/Treasurer Michael Carpenter Board Member Larry Aiken Board Member Cluis Price Board Member Steve White Board Member Larry Anderson Board Member John Bierschwale Board Member George Antuna City Attorney Michael Spain Assistant Director Jeff Jewel City Engineer Larry Dublin Sarah Gonzalez, Interim Secretary CALL TO ORDER: The meeting was called to order by Tony Wilenchik at 5:30 p.m. 1. Approval of minutes from Apri114, 2009. Michael Carpenter made motion to approve minutes, as corrected. Seconded by Steve White. Vote was unanimous. Motion Carried. 2. Briefing on Sedona Project Chair Wilenchik noted that a house in the area had significant damage from recent vandalism. He reported the incident to police and called the builders. The builders were aware of the damage and were going to file a police report. Mr. Larry Aiken stated that the area had previous reports of vandalism. He spoke with the police chief who stated they would beef up security in the area and that they had not heard of any vandalism reports since home construction began. Mr. Aiken also mentioned that the new Junior High School was also broken into. Mr. Aiken and Mr. Price met with Lenar Homes last week to provide an updated market study. Lenar Homes had the model home and three specs almost completed, Huge or four others are in dry-in stage, and three additional slabs are being poured. Tlrey are hoping to have the realtors' grand opening before the end of the month. They also talked about a second grand opening after they get some variances on some signage. The bid date for the lift station was moved from June 9`h to June 16°i at the request of the contractors building it. The developers are planning to erect a billboard at FM 1518/IH-10. Larry Aiken would like to discuss details of turning the discharge permit over to the city for the lift station and sewer plant as soon as completed and for ownership as soon as reimbursements are complete. 3. Report on Tax Increment deposits Zero tax increment deposits to date. Michael Spain stated that we need to do calculations of our own and send invoices to prime this process to get the payments into the tax 50223296.2 increment fund. The Board will need to get the value of the property as of January 1, 2008 and the Appraisal District Account number for every parcel in the zone. After that, the Board can determine the appraised value as of January 1, 2008. We are going to subtract from that the base value at January 1, 2006, that number will be multiplied by the tax rates for the City, Bexar County and SARA. We will then multiply this captured appraised value for each entity by the percentage rate that each entity agreed to contribute and this should give the tax increment we should be receiving on the 2008 value. 4. Approval of payment of Administrative Costs and Project Costs Motion made by Steve White, seconded by Larry Aiken to approve Item #4 for payment when funds are available. Tier 1 first; Tier 2 second, etc. Vote was unanimous. Motion Carried. ADJOURNMENT Chair Tony Wilenchik adjourned the meeting at 5:59 p.m. Next meeting set for August 11, 2009. ~~~ Tony Wilenchik, Chair ATTEST: Sara , onzalez, Interim Secreta 50223296.2