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HomeMy WebLinkAboutMinutes_GTEC_12.17.2008Minutes of the Meeting of Georgetown Transportation Enhancement Corporation and the Governing Body of the City of Georgetown, Texas Wednesday, December 17, 2008 The Georgetown Transportation Enhancement Corporation of the City of Georgetown, Texas, met on Wednesday, December 17, 2008. Board Members Present: Gabe Sansing - President, Ben Oliver - Vice President, Ray Amour - Secretary, Micki Rundell - Financial Director, Bill Sattler, Dale Ross, Ricki Salazar Board Members Absent: Henry Boecker, Paul E. Brandenburg Staff Present: Jim Briggs, Jana Kern, Tom Benz, Lorie Ann Lankford, Ed Polasek, Mark Miller Others Present: Gary Gemar & Jeff Curren - HDR Minutes Regular Meeting Mr. Gabe Sansing called the regular GTEC Board meeting to order on Wednesday, December 17, 2008 at 2:02 p.m. Board may, at any time, recess the Regular Session to convene in Executive Session at the request of the President, a Board Member, the City Manager in his capacity as General Manager of the GTEC Corporation , the Assistant City Manager, or legal counsel for any purpose authorized by the Open Meetings Act, Texas Government Code Chapter 551, and are subject to action in the Regular Session that follows. PUBLIC HEARING PUBLIC HEARING CALLED TO ORDER Called to order on 2:03 p.m. A. Public hearing by the Georgetown Transportation Enhancement Corporation (GTEC) regarding the expenditure of 4B sales taxes for the Wolf Ranch Parkway Extension -- Micki Rundell Discussion: Rundell stated that is the public hearing for the expenditure of 4B sales tax funds for the Wolf Ranch Parkway Extension. At this time the floor was opened to anyone wishing speak. Sansing stated seeing and hearing no one, the public hearing is closed. Expenditure could happen 60 days from December 17, 2008. Public Hearing Closed at 2: 04 REGULAR MEETING CALLED TO ORDER B. Consideration and possible approval of the minutes from the regular meeting held November 19, 2008. -- Paul Brandenburg Discussion: Under Item "A" - Action "Motion by Henry ....." should say Motion by Boecker..... Under Item "A" Discussion #2 ...does have the right to changed its position. Should say ...does have the right to change its position. Both have been corrected. Action: Motion by Oliver, seconded by Armour to approve the minutes with stated corrections. Approved 6-0-1 (Henry Boecker absent) C. Discussion and possible action regarding the Project Progress Report and time lines including projects: Lakeway Drive Overpass, Southeast Arterial 1, Southwest Inner Loop (Project 14A) Southwest Bypass (Project 14B), Northwest Blvd. Overpass -- Joel Weaver/Tom Benz Discussion: Benz gave the report. Lakeway Drive Overpass: TxDOT moving forward with ROW acquisition and utility relocation. Letting is scheduled for August 2009. Southeast Arterial 1: No Change Southwest Inner Loop (Project 14A): Public hearing was today to amend the GTEC budget to fund schematic design and final PS&E for the project. Southwest Bypass (Project 14B): Project is proceeding with ROW and design. Northwest Blvd. Overpass: Staff is researching available funding for this project. Ross requested a progress report similar to the report that is done on the GEDCO Board. Would like to see a spread sheet,that includes a time line, schedule summary, etc. Action: None D. Presentation of Georgetown Transportation Enhancement Corp. monthly financial report. – Micki Rundell Discussion: Lankford presented the monthly financial report. Action: None E. Acceptance of the Quarterly Investment Report for the Georgetown Transportation Enhancement Corporation for the quarter ending September 30, 2008. -- Micki Rundell Discussion: Rundell explained the investment report. Action: Motion by Ross, seconded by Armor to accept the Quarterly Investment Report for the quarter ending September 30, 2008. Approved 6-0-1 (Boecker absent) F. Acceptance of the Investment Policy for the Georgetown Transportation Enhancement Corporation as amended by City Council on November 11, 2008. -- Micki Rundell Discussion: Rundell explained the changes to the Investment Policy. Action: Motion by Oliver, seconded by Sattler to accept the amended Investment Policy for the Georgetown Transportation Enhancement Corporation. Approved 6-0-1 (Boecker absent) Motion by Ross, seconded by Oliver to adjourn. Approved 6-0-1 (Boecker absent) Adjournment The meeting was adjourned at 02:35 PM. Approved : Attest: _______________________ ________________________ Gabe Sansing - President Ray Armour - Secretary