HomeMy WebLinkAboutMinutes_South Georgetown TIRZ_07.19.2018Minutes of the
SOUTH GEORGETOWN
TAX INCREMENT REINVESTMENT ZONE (TIRZ) BOARD
City of Georgetown, Texas
July 19, 2018
The SOUTH GEORGETOWN TAX INCREMENT REINVESTMENT ZONE (TIRZ) Board of Directors met on
July 19, 2018 at 10:30 A.M. in the CITY COUNCIL CONFERENCE ROOM, LOCATED AT 101 E. 7TH STREET,
GEORGETOWN, TX.
Board Members Present
Dale Ross, Mayor, Chair
Anna Eby, Councilmember District 1
David Morgan, City Manager
Glenn Dishong, City Utility Director
Sofia Nelson, Planning Director
Michael Cunningham
Board Members Absent
Jay Warren
Others Present
Legislative Regular Agenda
city -staff Present
Leigh Wallace, Finance Director
Laurie Brewer, Assistant City Manager
Wesley Wright, Systems Engineering Director
Paul Diaz, Budget Manager
A Review minutes from the May 9, 2017 South Georgetown Tax Increment Zone (TIRZ) Board of
Directors Meeting -- Danella Elliott, Executive Assistant
Motion to approve the minutes by David Morgan; second by Glenn Dishong. Approved 6-0
B Presentation of the Financial Report for the South Georgetown TIRZ — Leigh Wallace
Leigh Wallace presented the Financial Report, and explained that this TIRZ has been slow -growing over
the past 3 years, and that the TIRZ transfers to GTEC for repayment. Laurie gave the background of
the TIRZ. She said that it was created in 2014 and expires in 2044 or possibly sooner. Discussion
followed. She explained that the total of projects in the Zone cannot exceed $50M. David and Laurie
talked about the transfers to GTEC for repayment and the options going forward. He said that we will
do some homework, evaluate and come up with a plan, looking the TIRZ benefit to the City, lessons
learned and what the best way going forward would look like.
The Board thanked Laurie and Leigh for the overview.
Adjournment
Motion to adjourn at 11:00 a.m. by David Morgan; second by Anna Eby. Approved 6-0
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Mayor Dale Ross Date
Board Chair
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