Jul 14, 2026 TIRZ #11 Board Meeting

[I. CALL TO ORDER AND ANNOUNCE A QUORUM PRESENT]

[00:00:03]

OKAY, IT IS 4:30. I'M GOING TO CALL THE MEETING TO ORDER.

WE DO HAVE A QUORUM PRESENT. WE'RE GOING TO MOVE RIGHT INTO OPEN FORUM.

OPEN FORUM IS FOR INFORMATION ONLY. IF YOU WISH TO SPEAK, PLEASE SIGN ONE OF THE SPEAKER CARDS AND PRESENT TO THE STAFF LIAISON PRIOR TO THE BEGINNING OF THE MEETING. SPEAKERS ARE LIMITED TO THREE MINUTES.

NO ACTION CAN BE TAKEN. NO CHARGES AND OR COMPLAINTS WILL BE HEARD AGAINST ANY ELECTED OFFICIAL OR EMPLOYEE OF THE CITY THAT ARE PROHIBITED BY LAW.

PLEASE NOTE, ANYONE WISHING TO FURNISH COPIES OR HANDOUTS REGARDING THEIR ITEM OF INTEREST MUST PROVIDE NINE COPIES AND PRESENT THEM TO THE STAFF LIAISON FOR DISTRIBUTION.

IS THERE ANYONE WHO WISHES TO SPEAK? JUST YOU TWO.

ALL RIGHT. IF NO ONE WISHES TO SPEAK DURING OPEN FORUM, I'LL CLOSE.

OPEN FORUM. WE'RE GOING TO MOVE INTO EXECUTIVE SESSION AS AUTHORIZED BY SECTION 551.07, ONE OF THE TEXAS GOVERNMENT CODE.

[III. EXECUTIVE SESSION]

WE'RE GOING TO MOVE TO CONSENT AGENDA. ITEMS ARE CONSIDERED SELF-EXPLANATORY AND WILL BE ENACTED WITH ONE MOTION.

[IV. CONSENT AGENDA]

NUMBER 11 BOARD ITEM A IS MINUTES APPROVAL TOURS NUMBER 11 REGULAR MEETING JUNE 9TH, 2026, 04:45 P.M. I WILL MOTION TO APPROVE ITEM A. CAN I GET A SECOND? SECOND. I HAVE A SECOND FROM SUSAN. IF EVERYBODY WILL PLEASE RAISE YOUR HAND FOR APPROVAL.

YOU APPROVE? JUST FOR THE MINUTE. THIS IS FOR THE MINUTES. CONSENT. AGENDA. MINUTES. APPROVAL. EVERYBODY APPROVE.

OKAY. MOTION CARRIES 7 TO 0. AND THEN WE ARE GOING TO MOVE TO ACTION ITEM A CONSIDER AND ACT UPON A RESOLUTION OF THE TAX INCREMENT REINVESTMENT

[V.A. Consider and act upon a Resolution of the Tax Increment Reinvestment Zone Number Eleven of the City of Celina, Texas Board of Directors approving project expenditures; providing a severability clause; and providing an effective date. (Stovall)]

TRES 11 BOARD. THIS EVENING WE HAVE YOUR FISCAL YEAR 2027 EXPENDITURE AUTHORIZATION.

SO TRES NUMBER 11, AS YOU CAN SEE OUTLINED IN THE MAP IS LOCATED NEAR DOWNTOWN DOWNTOWN OKLAHOMA AND ON PRESTON.

SO IT WAS ESTABLISHED IN DECEMBER 12TH OF 2017.

IT IS A PROPERTY TAX AND SALES TAX TAX INCREMENT REINVESTMENT ZONE.

THE PARTICIPANTS AND RATES ARE HIGHLIGHTED. THE PROPERTY TAX IS SALINE 100%, COLLIN COUNTY IS 50% AND THEN SALES TAX IS THE EDC AND THE CDC. HALF OF THE HALF CENT SALES TAX IS CONTRIBUTED TO THIS ZONE.

SO FOR YOU THIS EVENING IS OUR REVENUES AND EXPENDITURES AND CHANGES IN FUND BALANCE.

THIS IS OUR BUDGET FOR PROPOSED 2026 2027. AS YOU CAN SEE, THE INTERGOVERNMENTAL REVENUE, WHICH IS YOUR PROPERTY TAXES AND YOUR SALES TAXES IS GROWING SUBSTANTIALLY.

YOUR EXPENDITURES INCLUDE YOUR KINGSMAN 2.0 PROJECT FOR 1.7 MILLION, DOWNTOWN SQUARE DESIGN FOR 400,000, AND ADMINISTRATIVE SERVICES OF 39,000. TOTAL EXPENDITURES IS 2,139,000.

FOR YOUR CONSIDERATION, LEAVING A FUND BALANCE AT THE END OF SEPTEMBER 30TH, 2027 OF $2,124,702.

ARE THERE ANY QUESTIONS REGARDING THE FINANCIAL STATEMENT? QUESTIONS? NO, I DON'T BELIEVE SO. SO THE ANNUAL EXPENDITURE AUTHORIZATION AGAIN OUR PROPOSED EXPENDITURES WITH OUR ENDING FUND BALANCE AGAIN NUMBER 11 BOARD OF DIRECTORS AND CITY COUNCIL WILL CONSIDER THIS AUTHORIZATION THIS EVENING.

THIS ITEM IS ON CONSENT ON THE REGULAR CITY COUNCIL.

OKAY. ANY QUESTIONS? PRETTY STRAIGHTFORWARD. DO YOU HAVE ANY QUESTIONS? OKAY. THANK YOU. CARLA. OKAY. OKAY. I WILL MOTION TO APPROVE THE RESOLUTION APPROVING PROJECT EXPENDITURES, INCLUDING THE PROJECT EXPENDITURES FOR PROJECT KINGSMAN.

OPTION ONE AS DISCUSSED DURING EXECUTIVE SESSION.

DO I HAVE A SECOND? SECOND. OKAY, I HAVE A SECOND FROM ANDY WITH THAT IS THERE ANY OTHER DISCUSSION THAT ANYBODY WOULD LIKE TO HAVE REGARDING THIS

[00:05:07]

OKAY. THAT MOTION PASSES 5 TO 3 FOR THE PROJECT EXPENDITURES.

WITH THAT, WE ARE GOING TO ADJOURN THE TOURS NUMBER 11 MEETING.

* This transcript was compiled from uncorrected Closed Captioning.