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BENBROOK BOARDS AND COMMISSIONS

TAX INCREMENT FINANCE REINVESTMENT ZONE NO. 1
BOARD OF DIRECTORS

ESTABLISHMENT

The Tax Increment Finance Reinvestment Zone No. 1 (TIF) Board of Directors was established by
Ordinance No.1137 in November 2002.

PURPOSE

The purpose of the TIF Board of Directors is to advise the City Council on projects and financing
within Reinvestment Zone No. 1.

POWERS

The powers of the TIF Board are established by State Law and by Ordinance No. 1137. The TIF Board
is allowed to: make recommendations on projects for inclusion within the TIF Zone, make
recommendations on the Financing Plan to implement the Project Plan, and perform any other
duties assigned to the Board by the City Council.

MEMBERS

The TIF Board of Directors is comprised of seven directors. Four directors are appointed by the City
Council. One director is appointed from each of these three governmental authorities: Tarrant
County, Tarrant County College District, and Tarrant County Hospital District.

TERMS

The TIF Board of Directors has two-year terms. Places 1, 3, 5, and 7 are appointed in odd-numbered
years; Places 2, 4, and 6 are appointed in even-numbered years.

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