2014-274:,:\legat\au� �ocuments\ardinances\14\revised tirz 2 ordinance.doc
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WHEREAS, on December 18, 2012, the City Council of the City of Denton, Texas, (the
"City99), adapted Ordinance 2012-366, which designated and described the boundaries of a TIRZ
Number Two; established the duration of the Zone; established a Tax Increment Fund and
established a Board of Directors for the Tax Increment Reinvestment Zone; and
WHEREAS, it is deemed proper to appaint board members concurrently with the
Economic Development Partnership Board appointments; NOW, THEREFORE,
•' • • � • ' : •*��
SECTION 1. Section 4, Subsectian A and B of Ordinance 2012-366 is amended as
follows:
A.4. The Board of Directors shall consist of eleven (11) members, nine (9) of
whom are hereby appointed by the City Council of the City. All members
appointed to the board shall meet the eligibility requirements set forth in
the Act. Board membership shall consist of the following:
1. The nine members of the Economic Development Partnership
Board ("EDP"),
2, One member shall be appointed by the governing body of Denton
Caunty,
3. One member shall be appainted by the 66Develaper," Rayzor
Investments, LLP.
B. The terms of the board members shall be twa-year terms; the nine (9)
members appointed by City Council will serve terms concurrent with their EDP
terms. A board member may serve no more than three consecutive terms.
SECTION 2. All of the other provisians of Ordinance 2012-366 remain in full force and
effect.
SECTION 3. If any section, paragraph, clause or provision of this Ordinance shall for
any reason be held ta be invalid or unenforceable, the invalidity or unenforceability af such
section, paragraph, clause or provision shall not affect any of the remaining provisions of this
Ordinance.
s:\legal\oi!r documents\ordinances\14\revised tirz 2 ordinance.doc
SECTION 4. This Ordinance is effective February 4, 2014.
PASSED AND APPROVED this the ��� �� day of ��,�- ��:����,��,�,�%� m��� ., 2014.
A
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
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BY: .�-�..� �� ,� � �....
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ANITA BURGESS, CITY ATTORNEY
BY: �,���.. �%"�� � �� ���
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CHRIS W�s�i�"�`S, MAYOR
Page 2
Ordinance Desi�nating TIRZ
City of Denton. TexTs