Minutes 6-15-2010MINUTES
REINVESTMENT ZONE NUMBER TWO, CITY OF SCHERTZ, TEXAS
REGULAR MEETING
June 15, 2010
A Regular Meeting was held by the Reinvestment Zone Number Two, City of Schertz, Texas, on
June 15, 2010 at 5:30 p.m., in the Municipal Complex Council Chambers, 1400 Schertz
Parkway, Building #4, Schertz, Texas. The following members present to-wit:
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Michael Carpenter, Chair
Chris Price, Board Member
Cliff Walker, Board Member
John Bierschwale, Board Member
Larry Aiken, Board Member
Larry Anderson, Board Member
Steve White, Board Member
Melvin Golla, Board Member
Staff Present: City Attorney Michael Spain
City Engineer Larry Dublin
CALL TO ORDER REGULAR MEETING
City Secretary Brenda Dennis
EDC Director Jeff Jewell
Chair Carpenter called the meeting to order at 5:32 p.m.
Discussion and/or Action Items,
1. Minutes of February 9, 2010 -Consideration and/or action approving the minutes of
February 9, 2010.
Chair Carpenter recognized Board Member Golla who moved, seconded by Board
Member White to approve the minutes of February 9, 2010. 1%te was unanimous.
Motion Carried,
2. Briefing on status of Sedona Project -Discussion and update on the Sedona Project.
Chair Carpenter recognized City Attorney Michael Spain who gave the following
information:
• Lennar - I Sales Office, 30 homes sold and occupied, 8 homes under
construction and 4 home plans approved
• DR Horton - I Sales Office, 1 I homes under construction
Chair Carpenter recognized Board Member Chris Price who gave the following
information: Leases waste package in place. Tanks moved in, plumbing complete.
Negotiations with CPS are on-going for temporary construction loop. Initial fire up will
happen at end of the month. Engineer completed designs for the electrical on easement to
plant. Spoke of the expense difference in full electrical service or on-site generator.
Wastewater lift station complete; all easements have been worked out. Larry Dublin
stated that in the next two weeks they would seed the plant.
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3. Report on Tax Increment Deposits - Discussion and update report on Tax Increment
Deposits.
Chair Carpenter recognized City Attorney Michael Spain who introduced this item stating
that the county appraisal district estimates there are 219 tracts of land which make up
Sedona. Mr. Spain provided information regazding how the county appraisal district
identified the assessed value in 2006, which was approximately $494,078 base value.
Mr. Spain explained there is a possible discrepancy over the starting value of the tax
increment base. IYwas suggested that the Developer; City; SARA-and County enter into
a letter agreement regarding the above base value number.
Mr. Spain indicated that all the information should be worked out before the next meeting
which is August 3, 2010 at 5:30 and at that time the board will have a further report on
amounts due from the City, SARA, and County and two action items: (I) Approve letter
of agreement; (2) Approve reimbursable amounts out of tax increment funds to pay
reimbursements. The Board mention also to have a financial report prepared for the next
meeting so that they could vote on the disbursements.
ADJOURNMENT
As there was no further action, Chair Carpenter adjourned the me at 6:13 p.m.
Mi azpenter, Chair
A
Dennis, TRMC, CMC City
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