HomeMy WebLinkAboutMinutes_Downtown TIRZ_09.08.2023 DraftDRAFT
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Josh Schroeder Called the meeting to order at 11:35 AM
Public Wishing to Address - 09.08.2023
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Minutes of the
Downtown Georgetown Tax Increment Reinvestment Zone
Board
City of Georgetown, Texas
Friday, September 8, 2023
The Georgetown Downtown Georgetown Tax Increment Reinvestment Zone Board met on Friday,
September 8, 2023 at 11:30 AM at City Hall, 808 Martin Luther King, Jr Street.
The City of Georgetown is committed to compliance with the Americans with Disabilities Act (ADA). If you
require assistance in participating at a public meeting due to a disability, as defined under the ADA,
reasonable assistance, adaptations, or accommodations will be provided upon request. Please contact the
City Secretary's Office, at least three (3) days prior to the scheduled meeting date, at (512) 930-3652 or
City Hall at 808 Martin Luther King, Jr Street for additional information; TTY users route through Relay
Texas at 711.
The following Members were in attendance:
Present were: Michele D Jaroszewski-Webb, Josh Schroeder, Amanda Parr, Troy Hellman
Staff Present: Leigh Wallace, Nick Woolery, Nathan Parras, Kim McAuliffe, Caroline Stewart, Madison
O'Kelley
DRAFT
1.Regular Session
1.A Minutes from August 8th, 2022
Consideration and possible approval of the minutes from the August 8th, 2022
Downtown Tax Increment
Reinvestment Zone (TIRZ) Board Meeting – Mayor Josh Schroeder, Chair
Moved by Josh Schroeder; seconded by Amanda Parr to Approve .
Motion Approved: 4- 0
Voting For: Michele D Jaroszewski-Webb, Josh Schroeder, Amanda Parr, Troy Hellman
Voting Against: None
1.B Presentation on Downtown Projects for 2023-2024
Presentation on Downtown Projects for 2023-2024 – Kim McAuliffe, Downtown &
Tourism Director
Kim McAuliffe, Downtown & Tourism Director presented Information on downtown
projects for 2023-2024
Downtown Master Plan Update
Themes
Top Big Ideas
City Center Public Space
1.C Historic Tax Exemption Program
Consideration and possible action to approve an agreement to exempt real property
from ad valorem taxes and recommend the Historic Tax Exemption program for
approval by the City of Georgetown – Maddison O’Kelley, Historic Preservation and
Redevelopment Manager, Caroline Stewart, Assistant City Attorney and Jessica Clarke,
Assistant to the City Manager
Moved by Josh Schroeder; seconded by Troy Hellman to Approve
Maddison O’Kelley, Preservation and Redevelopment Manager presents the Historic
Tax Exemption Program
Program Purpose
Program Development
Council Feedback Summary
Program Eligibility
Eligible vs Ineligible Projects
Eligible Project Costs
Ineligible Project Costs
Project Examples
Tax Exemption Structure
City Revenue Impact Projection
Homeowner Impact
Application Process
Program Implementation
DRAFT
Council Direction
.
Motion Approved: 4- 0
Voting For: Michele D Jaroszewski-Webb, Josh Schroeder, Amanda Parr, Troy Hellman
Voting Against: None
1.D Annual Financial Report - Downtown TIRZ
Presentation of the annual financial report for the Downtown Tax Increment
Reinvestment Zone –Nathan
Parras, Assistant Finance Director
Presentation of the annual financial report for Wolf Lake Tax Increment Reinvestment
Zone – Nathan
Parras, Assistant Finance Director.
• Tax increment reinvestment zones
• Role of the board
• Background
• Project Plan
• FY2023 Projections
• FY2023 Budget/Projects
• FY2024 Budget
• TIRZ Value
• FY2024 Budget/Projects
• Fund Schedule
The board requested Nathan to send them the following information:
What is the assumed value with County property on tax rolls and developed?
What is the sales tax revenue in the Downtown TIRZ?
County Property tax revenue – how much do they make if the downtown TIRZ is fully
built out (sq. ft).
No Action Needed
Adjournment
Moved by Josh Schroeder; seconded by Troy Hellman to Adjourn Motion by Josh
Schroeder to adjourn the meeting at 12:22 PM.
Motion Adjourn: 4 - 0
Voting For: Michele D Jaroszewski-Webb, Josh Schroeder, Amanda Parr, Troy Hellman
Voting Against: None
DRAFT
These minutes were approved at the meeting of ________________________
________________________________________________
Chair Attest