[I. CALL TO ORDER AND ANNOUNCE A QUORUM PRESENT]
[00:00:11]
I'M GOING TO CALL THE MEETING TO ORDER. WE DO HAVE A QUORUM PRESENT. WE ARE GOING TO MOVE
[II. EXECUTIVE SESSION]
DIRECTLY INTO EXECUTIVE SESSION. THIS IS TRS 11 MEETING. OKAY. AS AUTHORIZED BY SECTION 551.07, ONE OF THE TEXAS GOVERNMENT CODE. THE REGULAR MEETING MAY BE CONVENED INTO CLOSED EXECUTIVE SESSION FOR THE PURPOSE OF SEEKING CONFIDENTIAL LEGAL ADVICE FROM THE CITY ATTORNEY ON ANY AGENDA ITEM LISTED HERE IN ITEM[III. OPEN FORUM]
OKAY, WE AREF EXECUTIVE SESSION. WE ARE GOING TO RECONVENE INTO OPEN SESSION TO CONSIDER AND TAKE ACTION, IF ANY, ON MATTERS DISCUSSED DURING EXECUTIVE SESSION, INCLUDING BUT NOT LIMITED TO, THE ANTICIPATED ACTION ITEMS LISTED BELOW. ITEM B IS DISCUSSION REGARDING AN ECONOMIC AND PERFORMANCE AGREEMENT WITH SALINA REAL ESTATE, LLC. ANYBODY HAVE ANY QUESTIONS FOR STAFF? IF NOT, I'LL LOOK FOR A MOTION. MOTION TO APPROVE. OKAY. HAVE A MOTION TO APPROVE ITEM B. DO I HAVE A SECOND? SECOND. I HAVE A SECOND FROM ANDY. EVERYBODY WILL PLEASE CAST YOUR VOTES. OKAY. THAT MOTION CARRIES 6 TO 0 THAT WE ARE GOING TO MOVE 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. ANYONE WHO WISHES TO SPEAK DURING OPEN FORUM. OKAY. NOPE.
[IV. CONSENT AGENDA]
THEN I WILL CLOSE OPEN FORUM. WE'LL MOVE TO CONSENT AGENDA. ITEMS ARE CONSIDERED SELF-EXPLANATORY AND WILL BE ENACTED WITH ONE MOTION. NO SEPARATE DISCUSSION OF THESE ITEMS WILL OCCUR UNLESS REQUESTED BY AT LEAST ONE MEMBER OF THE TOURS. NUMBER 11 BOARD. I HAVE A MOTION TO APPROVE CONSENT AGENDA. I HAVE A MOTION TO APPROVE. DO I HAVE A SECOND? I HAVE A SECOND. NO FURTHER DISCUSSION. THEN EVERYBODY, PLEASE CAST YOUR VOTE. OKAY, THAT CARRIES 6 TO 0 ACTION. ITEM A, CONSIDER AN ACT TO APPROVE A RESOLUTION TO[V.A. Consider and act to approve a Resolution to recognize and clarify performance of incentive agreements between the City of Celina, Celina Community Development Corporation, and the Celina Economic Development Corporation for projects within Tax Increment Reinvestment Zone NO. 11.]
RECOGNIZE AND CLARIFY PERFORMANCE OF INCENTIVE AGREEMENTS BETWEEN THE CITY OF SALINA. SALINA COMMUNITY DEVELOPMENT CORPORATION AND SALINA ECONOMIC DEVELOPMENT CORPORATION FOR PROJECTS WITHIN TAX INCREMENT REINVESTMENT ZONE NUMBER 11. ALL RIGHT. GOOD AFTERNOON. CHAIRS 11 BOARD. SO THIS IS A DIFFERENT SORRY. IT'S IT SHOULD BE THE TOURS.ALL RIGHT COUNCIL WE WILL I'M GOING TO WALK YOU THROUGH A LITTLE BIT ABOUT WHAT THIS AGREEMENT THAT'S ON CONSIDERATION FOR THIS EVENING IS. SO AS YOU ALL
[00:05:05]
KNOW, TOURS 11 WAS ESTABLISHED IN DECEMBER 12TH, DECEMBER 12TH OF 2017 AS A PROPERTY TAX AND A SALES TAX TOURS. IT INCLUDES THE PROPERTY TAX, 100% OF CITY SALINA TAXES GO INTO THAT AND 50% COLLIN COUNTY TAXES GO INTO THAT. ON THE SALES TAX SIDE, THE EDC AND THE CDC EACH PAY A HALF CENT OF THE HALF CENT OF THE HALF CENT SALES TAX. IN 2019, BOTH THE CDC AND THE EDC APPROVED SEPARATE TOURS CONTRIBUTION AGREEMENTS. EACH CORPORATION CONTRIBUTES 50% OF THAT SALES TAX REVENUE GENERATED WITHIN TOURS 11 AND CONTRIBUTION SUPPORT QUALIFIED PROJECTS IN THE DOWNTOWN AREA. SO SINCE 2019, THERE'S BEEN A A SALES TAX REIMBURSEMENT AGREEMENT THAT HAS BEEN DONE WITHIN THAT TOURS 11 BOUNDARY. AND SO ESSENTIALLY THIS CLARIFYING RESOLUTION TONIGHT WOULD ALLOW ANY TIME THAT THE EDC OR THE CDC ENTERS INTO ONE OF THOSE SALES TAX AGREEMENT REIMBURSEMENTS THAT ARE IN THE TOURS 11 BOUNDARY, IT WOULD ESSENTIALLY BE PULLED OUT OF THE TOURS. SO IN THAT WAY, THE EDC AND THE CDC ARE STILL RECEIVING THAT OTHER 50% WITHOUT HAVING TO GIVE THAT FULL AMOUNT EITHER TO THE REIMBURSEMENT OR TO THE TOURS. 11 SO THAT REALLY IS THE POINT OF THE, THE RESOLUTION FOR FOR CONSIDERATION TODAY. I'M HAPPY TO ANSWER ANY SPECIFIC QUESTIONS. THIS ONE WOULD APPLY.THIS RESOLUTION WOULD APPLY TO THE PREVIOUS AGREEMENT THAT'S ALREADY BEEN DONE WITHIN TOURS 11 AS WELL AS ANY FUTURE AGREEMENTS THAT WOULD BE HANDLED, SALES TAX REIMBURSEMENT AGREEMENTS IN THAT DISTRICT AS WELL. ANY QUESTIONS? THANK YOU. THANK YOU.
ALL RIGHT. IF THERE'S NO QUESTIONS THEN I WILL ENTERTAIN A MOTION FOR ITEM A. MOTION TO APPROVE ITEM A, I HAVE A MOTION TO APPROVE. I HAVE A SECOND. EVERYBODY, PLEASE CAST YOUR VOTES. OKAY. THAT MOTION CARRIES 6 TO 0. WE ARE GOING
* This transcript was compiled from uncorrected Closed Captioning.