HomeMy WebLinkAboutMinutes_GTEC_03.24.2009Minutes of the Meeting of
Georgetown Transportation Enhancement Corporation
and the Governing Body of the
City of Georgetown, Texas
Special Meeting
Tuesday, March 24, 2009
The Georgetown Transportation Enhancement Corporation Special Meeting of the City of Georgetown,
Texas, met on Tuesday, March 24, 2009.
Board Members Present:
Gabe Sansing - President, Ben Oliver- Vice President, Ray Armour - Secretary, Kevin Kelly, Matthew
Painter arrived at 5:40 p.m., Bill Sattler, Dale Ross arrived at 5:35 p.m., Paul E. Brandenburg - General
Manager, Micki Rundell - Finance Director
Board Members Absent:
Staff Present:
Jim Briggs, Jana Kern, Ed Polasek, Bill Dryden
Minutes
Regular Meeting
Mr. Gabe Sansing called the Special GTEC Board to order on Tuesday, March 24, 2009 at 5:30 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.
A. Consideration and possible action to approve a letter proposal with Prime Strategies, Inc., for
Transportation Planning Services related to a Pass-Through Financing Proposal for FM 1460.
Edward G. Polasek, AICP, Principal Planner and Paul E. Brandenburg, City Manager
Discussion: Polasek stated that the Pass Through Financing is a tool that TxDOT uses to stretch tax
dollars and allow local communities to fund up front costs for constructing a state highway project.
The state then reimburses a portion of the cost to the community overtime by paying a fee for each
vehicle that drives on the new highway. The projects must be on a state highway system to be
eligible. In February 2009, Texas Transportation Commission approved a call for projects for this
program.
The City of Georgetown has voter approval for bonds for improvements to FM 1460. In order to utilize
those bonds in this program, with the possibility of TxDOT reimbursing the City to pay a portion of the
debt payments, staff is recommending the City submit the FM 1460 project. Since a portion of FM
1460 is in Williamson County and the City of Round Rock ETJ, staff is recommending we utilize the
planning services of Prime Strategies, Inc. Prime Strategies, Inc. has worked with Williamson County
on the Williams Drive Pass Through Finance Agreement and Williamson County & Round Rock on
the FM 1460 stimulus applications for the funded portion of improvements in Round Rock.
What staff is looking for today is the GTEC approve the expenditure of $36,000.00 to Prime
Strategies, Inc. for professional services related to managing the pass through finance proposal.
Action: Motion by Sattler, seconded by Oliver to approve the expenditure of $36,000.00 to Prime
Strategies, Inc. for professional services related to managing the pass through finance proposal.
Approved 7-0
Motion by Ross, seconded by Oliver to adjourn
Approved 7-0
Adjournment
The meeting was adjourned at 05:50 PM.
Approved : Attest:
_______________________ ________________________
Gabe Sansing - President Ray Armour - Secretary