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01-11-2011 MINUTES REINVESTMENT ZONE NUMBER TWO, CITY OF SCHERTZ, TEXAS REGULAR MEETING January 11,2011 A regular meeting was held by the Reinvestment Zone Number Two, City of Scheliz, Texas (TIRZ) on January 11, 2011 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: Larry Anderson, Board Member George Antuna, Board Member John Bierschwale, Board Member Bob Cantu, Vice Chair Michael Carpenter, Chair Chris Price, Board Member Steve White, Board Member Cindy Raleigh, Recording Secretary Larry Dublin Michael Spain La1'1Y Aiken was absent CALL TO ORDER: The meeting was called to order by Chairman Michael Carpenter at 5:05 p.m. HEARING OF RESIDENTS: Chairman Michael Carpenter recognized Robeli Brockman, who inquired on the whereabouts of Lany Aiken. Mr. Spain indicated that he was ill. 1. . Introduction of new Director. Chairman Michael Carpenter recognized Michael Spain, who announced that Ms. Julianna Gonzaba has been appointed by Representative Joe Farias to replace Cliff Walker as the new Director. 2. Approval of minutes from September 14, 2010. Chairman Michael Carpenter recognized Director Steve White, who made a motion to approve minutes from September 14, 2010. Second by George Antuna. Motion passed. Vote was unanimous. 3. Briefing on status of Sedona Project. Chairman Michael Carpenter recognized Chris Price, who reported that the lift station and sewer treatment plant are now in operation. Discussion continuing with other builders, interest has increased. Branding campaign has moved forward, signage will be complete in next 30-45 days. 61 homes are final and/or occupied by Lennar; 27 homes are final and/or occupied by DR Horton; 4 are unoccupied by Lennar and 2 are unoccupied by DR HOlion. Both Lennar and DR HOlion have 5 homes under construction; and 14 homes pending plan review. 50298208.1 - 1 - 4. Report on tax increment collections and payments received. Chairman Michael Carpenter recognized, Michael Spain who reported as follows: On June 9, 2009, the Board approved the following reimbursement requests from the City of Scheliz and Bexar County: Schertz Bexar County Total $37,800 $34,212 $72,012. On January 11, 2011, the collected Tax Increment Payments from the City, theCounty, and SARA, totaling $15,838.06, were applied on a prorate basis (.5249 to Schertz and .4751 to Bexar County to the outstanding approved reimbursement requests as follows: Scheliz Bexar County Total $8,313.39 $7.524.67 $15,838.06 This leaves the following previously approved and unpaid amounts due to Schertz and Bexar County: Schertz Bexar County Total $29,486.61 $26.687.33 $56,173.94 Additional Taxing Unit reimbursement requests are anticipated. Lany Dublin, City Engineer, reported that he will have specific dollar amount that can be paid out at the next meeting. He reported that he will have recommendations to the developer at that time. No action required at this time. ADJOURNMENT Chair Michael Carpenter adjourned the meeting at 5:20 p.m. Next meeting set for March 8, 2011 at 5:00 pm. Postponed to March 15, 2011 due to absence of Michael Spain. 50298208.1 - 2 -