Minutes TIRZ No. 1 08/24/2016 MINUTES OF REGULAR SESSION FOR THE
TAX INCREMENT REINVESTMENT ZONE (TIRZ) NO. 1 BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Wednesday, August 24, 2016
6:00 p.m.
STATE OF TEXAS
COUNTY OF DENTON
The Tax Increment Reinvestment Zone (TIRZ) No. 1 Board of the Town of Trophy Club, Texas,
met in Regular Session on August 24, 2016. The meeting was held within the boundaries of the
Town and was open to the public.
TIRZ DIRECTOR(S) PRESENT:
Terry Kesterson Vice Chair
Rajesh Nakhwa Member
Rebecca Barksdale Member, Precinct Administrator, Tarrant County
TIRZ DIRECTOR(S) ABSENT:
David Brod Chair
Darrell Howard Member
STAFF PRESENT:
Stephen Seidel Town Manager
Robbie Killingsworth Recording Secretary
Call to order and announce a quorum at 6:07 p.m. by Vice Chairman Terry Kesterson.
CITIZEN PRESENTATIONS
REGULAR SESSION
1. Consider and take appropriate action regarding the TIRZ No. 1 Board Minutes
dated March 12, 2014, March 24, 2014 and October 26, 2015.
Motion to approve the March 12, 2014, March 24, 2014, and October 26, 2015 TIRZ No. 1
Board Minutes as presented was made by Board Member Rajesh Nakhwa, seconded by Vice
Chairman Terry Kesterson. The motion was approved unanimously.
2. Consider and take appropriate action regarding the Amendment to Town and TIRZ
portions of Agreement with OTD TC, LLC and OTD TC2, LLC; and authorizing the
Chair to execute all necessary documents.
Motion by Vice Chairman Terry Kesterson, seconded by Board Member Rajesh Nakhwa to
approve request. The motion was approved unanimously.
ADJOURN
Vice Chairman Terry Kesterson moved to adjourn the meeting at 6:22 p.m., seconded by Board
Member Rajesh Nakhwa. The motion was approved unanimously.
Asa- i h - , _1
Davi. Broil, Robbie Killings orth
Chairman Recording Secretary
TIRZ Board August 24, 2016