HomeMy WebLinkAboutMinutes_Williams Dr TIRZ_08.09.2023 Draft
Minutes
Williams Drive TIRZ Board
City of Georgetown, Texas
Wednesday, August 9, 2023 at 3:30 PM
The Williams Drive TIRZ Board met on Thursday, August 4, 2022 at 11:00 AM at Georgetown City Hall
Community Room 808 Martin Luther King Jr. St.
Board Members Present: City Staff Present:
Josh Schroeder, Chair Nick Woolery, Assistant City Manger
Shawn Hood, CC District 2 Nat Waggoner, Assistant Planning Director
David Morgan, City Manager Aaron St. Pierre, Board Liaison
Robert Hilton, Business Owner Wendy Jimenez, Assistant Board Liason
Board Members Absent:
Valerie Covey, Wilco Commissioner
Guest:
Regular Agenda:
A. Call to order – Josh Schroeder, Board Chair
Josh Schroeder Called the meeting to order at 3:31 P.M.
B. Consideration and possible action to approve minutes from the August 4th, 2022 Williams Drive Tax
Increment Reinvestment Zone (TIRZ) Board meeting – Josh Schroeder, Board Chair.
Motion by David morgan to approve the minutes as presented, second by Robert Hilton
Approved 4-0 .
C. Approval of Williams Drive Gateway TIRZ final project and financing plan, and amendments to the
plan
Resolution approving the Williams Drive Gateway Tax Increment Reinvestment Zone’s final project and
financing plan, and amendments to the plan -- Nick Woolery, Assistant City Manager
Nick Woolery starts presentation of the item.
Josh asked a question: If they were to make some improvement to the area it would go through Economic
Development to receive a grant. Nick responded no that it is just the legal way it has to be written for private
infrastructure. Josh responded asking if the TIRZ itself would give the money, and Nick confirmed.
Minutes
Williams Drive TIRZ Board
City of Georgetown, Texas
Wednesday, August 9, 2023 at 3:30 PM
Josh asked what the TIRZ money would exactly help fund. Nick responded that they will see more of this next
month with the reimbursement agreement, but he explained it pays out up to $5 million periodically over time
toward the infrastructure that is surpassing that value.
Shawn Hood asked if the rendering is the final site plan. Nick responded that he would confirm but he believes
this is the final plan.
Robert Hilton asked a question on the verbiage of how the TIRZ is set up. Nick and David clarified, how it works
and brings value to the area.
Josh asked if the developer of the McCoy site is in favor of this. Nick replied that this supports what they are
trying to do.
Motion by Josh Schroeder to approve the Williams Drive Gateway TIRZ final project and
financing plan, and amendments to the plan presented, second by Shawn Hood Approved
4-0 .
Adjourn: Motion by Josh Schroeder to adjourn the meeting at 3:43 PM
__________________________________ ____________
Josh Schroeder Date
Board Chair