HomeMy WebLinkAboutResolution - 2002-R0106 - Board Of Directors Appointments - North Overton Tax Increment - 03/14/2002Resolution No. 2002-R 0106
March 14, 2002
Item No. 39
RESOLUTION
WHEREAS, the City of Lubbock has established the North Overton Tax
Increment Financing Reinvestment Zone for the City of Lubbock pursuant to the
Tax. Increment Financing Act ("Act") for the purpose of encouraging development
and redevelopment; and
WHEREAS, the City Council of the City of Lubbock desires to appoint
six members to the Board of Directors for the North Overton Tax Increment
Financing Reinvestment Zone ("the Zone"); and
WHEREAS, the City Council also desires to appoint one of these
members to serve as chairman of the Board of Directors; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1: THAT the following individuals who are either owners of real
property in the Zone or an employee or agent of a person that owns real property
in the Zone, are hereby appointed as members of the Board of Directors for the
North Overton Tax Increment Financing Reinvestment Zone of the City of
Lubbock:
JACK P. DRISKILL
VICTOR HERNANDEZ
WALKER METCALF
PAT MURFEE
TED RUSHING
MARGARET TALKINGTON
SECTION 2: THAT three of the six individuals appointed in Section 1 shall
serve a one year term and the other three individuals shall serve two year terms as
determined by drawing lots; and
SECTION 3: THAT .TACK P. DRISKILL shall serve as chairman of the
Board of Directors of the North Overton Tax Increment Financing Reinvestment
Zone until April 1, 2003; and
SECTION 4: THAT this resolution shall be effective immediately upon its
passage.
Passed by the City Council this _ 14th day of March
2002.
- r ,
WINDY SITTO , MAYOR
A"'TEST:
Rebecca Garza, City Secretary
4pigFAS TO CONTENT:
r
Managing Director of Planning
APPROVED AS TO FORM:
Linda L. Chamales
Supervising Attorney, Office Practice
LC:/Cityatt/Linda/N0T1F.appt & ccdocs
March 1, 2002