HomeMy WebLinkAboutMinutes_Williams Dr TIRZ_07.18.2018MINUTES
Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ)
City of Georgetown, Texas -
July 18, 2018 at 10:00 A.M.
The Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) met on July 18, 2018 at 10:00 AM in the City Hall
Main Floor Conference Room, located at 113 East 8' Street, Georgetown, Texas.
Board Members Present
Dale Ross, Chair
David Morgan
Valerie Nicholson
Brad Curlee
Board Members Absent
Steve West
Legislative Regular Agenda
Dale Ross, Chair, called the meeting to order at 10:30 a.m.
City Staff' Present
Laurie Brewer, Assistant City Manager
Leigh Wallace, Finance Director
Paul Diaz, Budget Manager
Nathanial Waggoner
Sofia Nelson
Guests Present
Tim Haynie
A. Review minutes from the September 25, 2017 Williams Drive TIRZ Board Meeting — Danella Elliott
Motion to approve the minutes from the September 25, 2017 Williams Drive TIRZ Board Meeting by Brad
Curlee; second by Mayor Ross. Approved 3-0. Valerie Nicholson and Steve West absent for the vote.
B. Presentation of the Annual Financial Report for the Williams Drive TIRZ — Leigh Wallace, Finance
Director
Leigh gave an overview of the 2018-19 Financial Report and explained that it is presented to the
board annually to satisfy state reporting requirements. She noted that the base value was
approximately $20M when this TIRZ was created in 2007, and as the area develops, the
incremental value is used for projects.
David Morgan explained when the TIRZ was created and how one operates. He said that the vision
hasn't changed, but the downturn in the economy several years ago slowed things down. We are
in a holding pattern to decide what to do, working with the school and using the Market Study as
a resource for possible proposals. The smart thing about the TIRZ is that commitment of
infrastructure has been made.
The board thanked Leigh and David for the report.
C. Presentation and discussion of the Williams Drive Study — Nathaniel Waggoner, AICP, PMP, Long
Range Planning Manager
Nat Waggoner explained that the purpose of this presentation was to provide an overview of FYI and
FYI implementation activities involving the TIRZ District. In 2017, staff provided the TIRZ Board an
overview of the Williams Drive Study, including details on the adopted Implementation Plan. Since then,
MINUTES
Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ)
City of Georgetown, Texas
July 18, 2018 at 10:00 A.M.
the City applied to CAMPO for Federal funding to support construction and engineering for several
intersections along Williams Drive, as well as improvements to the sidewalk network. Approximately
$125,000 of Williams Drive TIRZ Funding will be leveraged to secure 1.38M grant award from CAMPO.
The City has begun work to incorporate the land use findings from the Centers Ara of Williams Drive Study
as part of the update to the City's Comprehensive Plan update. Policy recommendations and public
outreach related to land use within the TIRZ will begin in the spring of 2019. Work will commence this
summer on the Rivery Boulevard extension project and expected to be completed by mid-2019, followed
by construction of the Northwest Blvd Bridge, providing a parallel route to Williams Drive from Austin
Avenue to Lakeway Drive.
Discussion followed, and Mayor said that traffic will not get better, it is really about managing
traffic/growth.
The board thanked Nat for his presentation.
Adjournment
Motion to adjourn by Val Nicholson; second Mayor Ross. Approved 4-0. Steve West absent.
The meeting adjourned at 10:50 a.m.
Dale Ross, Chair Date
Board Chair
Amy 1 ertink Date
Board Liaison