HomeMy Public PortalAboutTIRZ#1 Minutes 2022-04-11Richland Hills Tax Increment Reinvestment Zone #1, Baker Boulevard
Board of Directors Meeting
Minutes
Monday, April 11, 2022
6:00 P.M.
Richland Hills City Hall
3200 Diana Drive
Board Members Present:
Edward Lopez
Stacey L. Morse
Douglas Knowlton
Curtis Bergthold
Javier Alvarez
G.W. Estep
Rebecca Barksdale
Staff
Candice Edmondson, City Manager
Lindsay Wells, City Secretary
1. CALL TO ORDER
Mayor Lopez called to order at 6:00 p.m.
2. EXECUTIVE SESSION
A. Executive Session: Pursuant to the Open Meetings Act, Chapter 551, Texas
Government Code, Section 551.071. Executive Session may be held, under
these exceptions, at any time during the meeting that a need arises for the
Tax Increment Reinvestment Zone #1 to seek advice from the City Attorney
as to the posted subject matter of this Tax Increment Reinvestment Zone
#1 meeting.
None.
3. PUBLIC COMMENTS
This is the public's opportunity to address the Tax Increment Reinvestment Zone #1
Board on any matter not posted on the agenda. Citizen comments emailed to
Lindsay Wells (Iwells(a-richlandhills.com) on an item either listed on this agenda or
not listed on this agenda will be heard at this time.
None
REGULAR AGENDA
4. Approve minutes from the January 10, 2022 Tax Increment Reinvestment Zone
#1 meeting
Motion: Motion was made by Board Member Bergthold and seconded by Board
Member Morse to approve the January 10, 2022 TIRZ #1 meeting
minutes.
Motion carried by a vote of 6-0
5. Approved termination of Development Agreement for the Baker Landing
Planned Development (PD) at 7100 Baker Boulevard and 3209 Ash Park Drive,
Richland Hills, Texas 76118
City Manager Candice Edmondson advised that on January 10, 2022, the Tax
Increment Reinvestment Zone (TIRZ) Board and City Council approved a Development
Agreement for the Baker Landing Planned Development located at 7100 Baker
Boulevard and 3209 Ash Park Drive. The Agreement was fully executed by all parties
on February 22, 2022. After further discussion with the builder, the Skorburg Company
(Developer) has requested to terminate the Development Agreement and is no longer
seeking financial participation from the City for the project. She stated that the
Developer had concerns about valuation requirements in the contract.
Discussion ensued regarding the possibility of the Developer wanting to renegotiate
rather than terminate the Agreement, if the Development Agreement affects the overall
project, and the City's financial responsibility to the project.
Ms. Edmondson stated that the Developer is not seeking to renegotiate, the project is
moving forward as scheduled, and the City is no longer responsible for the previously
approved reimbursement amount of $400,000 to the Developer upon termination of the
Development Agreement.
Virginia Edwards, 3117 Crites Street, Richland Hills, expressed concern for the overall
project.
Bryan Holland, Development Partner for Skorburg Company, 8214 Winchester Drive,
Suite 900, Dallas, Texas, explained that the builder, DR Horton, Skorburg Company has
chosen to work with does not want their private financial information made public and a
Development Agreement would require certain financial disclosures.
Motion: Motion was made by Board Member Knowlton and seconded by Board
Member Morse to approve termination of the Development Agreement for
the Baker Landing Planned Development (PD) at 7100 Baker Boulevard
and 3209 Ash Park Drive, Richland Hills, Texas 76118.
Motion carried by a vote of 6-0.
6. ADJOURNMENT
Motion: A motion was made by Board Member Bergthold and seconded by Board
Member Estep to adjourn.
Motion carried by a vote of 6-0.
There being no further business to come before the Board, Mayor Lopez declared the
meeting adjourned at 6:26 p.m.
ATTEST:
indsay ells, City Secretary
APPROVED:
ward Lopez, ayor