HomeMy WebLinkAboutRivery_Park_TIRZ_Board_Agenda_9_7_2016_1853Notice of Meeting for the
Riv ery Park TIRZ Board
of the City of Georgetown
September 7, 2016 at 4:00 PM
at Historic Light and Waterworks Building Conference Room, located at 406 West 8th
Street, Georgetown, TX
The City o f G eo rgeto wn is committed to comp lianc e with the Americans with Dis abilities Ac t (ADA). If yo u
req uire as s is tanc e in participating at a p ublic meeting d ue to a disability, as d efined und er the ADA, reas onab le
as s is tance, ad ap tatio ns , or acc o mmo d ations will b e provid ed up o n req uest. P leas e c o ntact the City Sec retary's
Office, at leas t three (3) days prior to the sc hed uled meeting d ate, at (512) 930-3652 o r City Hall at 113 Eas t 8th
Street fo r add itional info rmation; TTY us ers ro ute through Relay Texas at 711.
Legislativ e Regular Agenda
A Pres entatio n o f the minutes fro m Sep temb er 2, 2015 - Danella Ellio tt, Exec utive As s is tant, Board Liaiso n
B Overview o f the Financ ial Rep o rt - Leigh Wallace, F inance Direc tor
CERTIFICATE OF POSTING
I, Shelley No wling, C ity S ecretary fo r the C ity of Geo rgeto wn, Texas , d o hereby c ertify that this Notice of
Meeting was p o s ted at City Hall, 113 E. 8th Street, a p lace read ily acc es s ible to the general p ublic at all times ,
on the ______ d ay o f __________________, 2016, at __________, and remained so p o s ted fo r at leas t 72
c o ntinuo us ho urs p receding the sc heduled time o f s aid meeting.
____________________________________
S helley No wling, City Sec retary
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City of Georgetown, Texas
Rivery Park TIRZ Board
September 7, 2016
SUBJECT:
Presentatio n of the minutes from Septemb er 2, 2015 - Danella Elliott, Exec utive As s is tant, Bo ard Liais o n
ITEM SUMMARY:
Presentatio n and dis c us sion of the minutes fro m the Septemb er 2, 2015 meeting.
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Danella Ellio tt, Exec utive As s is tant
ATTACHMENTS:
Description Type
9.2.15 Draft Minutes Backup Material
Page 2 of 8
Minutes of the
RIVERY PARK
TAX INCREMENT REINVESTMENT ZONE (TIRZ) BOARD
City of Georgetown, Texas
September 2, 2015
The RIVERY PARK TAX INCREMENT REINVESTMENT ZONE (TIRZ) Board of Directors met on SEPTEMBER
2, 2015 at 11:00 A.M. in the GEORGETOWN MUNICIPAL COMPLEX WILLIAMSON ROOM, LOCATED AT
300-1 INDUSTRIAL GEORGETOWN, TX
Board Members Present
Keith Brainard,, Chair, Councilmember, District 2
Micki Rundell, Chief Financial Officer
Laurie Brewer, Assistant City Manager
Tina Harlow (for Jeff Novak)
Valerie Covey, Count Commissioner, Precinct 3
Amy Hurst (for Charles Schwertner)
Board Members Absent
Dale Ross, Mayor
Marsha Farney, Representative for Texas House District 20
Ron Swain, Southwestern University
Legislative Regular Agenda
A Overview of the 2015/16 Financial Report, Micki Rundell, Chief Financial Officer
Micki explained that the TIRZ Board is required to meet once per year and receive the financial report
to satisfy state reporting requirements. She presented the 2015/16 Financial Report and noted that there
is a substantial increase in revenues. Once the hotel is completed, the County will transfer their portion
(80%). The parking garage payment is due in August of 2016.
Tina Harlow (representing Jeff Novak) introduced herself and discussed her background and position
with company. She gave an update of the progress and invited anyone who was interested to come by
for a tour. Keith asked her to send an informational update summarizing the projects. She noted that
there is a meeting on Monday to discuss retail/restaurants, and said that the Sheraton has been very
proactive. Ms. Harlow agreed to do this progress update and send it to the Board members.
Motion by Covey, second by Brewer to accept the Financial Report. Approved 6-0
Public Wishing to Address Council
On a subject that is posted on this agenda: Please fill out a speaker registration form. Clearly print your name and
the letter of the item on which you wish to speak and present it to the Chair or Board Liaison, preferably prior to the
start of the meeting. You will be called forward to speak when the Board considers that item.
On a subject not posted on the agenda: Persons may add an item to a future Board agenda by contacting the Liaison
prior to the creation of the agenda for the following meeting, with the subject matter of the topic they would like to
address and their name. The Board Liaison, Danella Elliott, can be reached at 512-930-3676 or
danella.elliott@georgetown.org.
Page 3 of 8
Certificate of Posting
I, Shelley Nowling, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting
was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____
day of ____________, 2015, at _________, and remained so posted for at least 72 hours preceding the scheduled time
of said meeting.
_____________________________________
Shelley Nowling, City Secretary
Motion to adjourn the meeting at 11:35 a.m. Approved 6-0
__________________________________ ____________
Keith Brainard, Councilmember District 2 Date
Board Chair
__________________________________ ____________
Danella Elliott Date
Board Liaison
Page 4 of 8
City of Georgetown, Texas
Rivery Park TIRZ Board
September 7, 2016
SUBJECT:
Overview o f the F inancial Report - Leigh Wallac e, Financ e Directo r
ITEM SUMMARY:
This rep o rt s atis fies s tate rep o rting req uirements .
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Leigh Wallace, Financ e Directo r
ATTACHMENTS:
Description Type
Financial Report Backup Material
Page 5 of 8
294 - Rivery TIRZ
FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
Beginning Fund Balance 55,030 76,193 94,869 83,250 - 83,250
Revenues FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
Interest 212 100 - - - -
Other - 168,450 166,005 226,698 - 226,698
Tax Revenue 39,628 21,063 88,204 249,517 - 249,517
Grand Total 39,839 189,613 254,209 476,215 - 476,215
Expenses FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
Capital Improvement - - - - - -
Other - - - - - -
Transfer - 265,800 265,828 341,274 - 341,274
Grand Total - 265,800 265,828 341,274 - 341,274
FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
Ending Fund Balance 94,869 6 83,250 218,191 - 218,191
Contingency - - - - - -
Availabe Fund Balance 94,869 6 83,250 218,191 - 218,191
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Account Gl Mapping FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
294-4-0001-40-100 AD VALOREM TAX Tax Revenue 39,628 21,063 88,204 249,517 - 249,517
294-4-0001-42-100 ALLOCATED INTEREST Interest 212 100 - - - -
294-4-0001-44-105 MISCELLANEOUS REVENUE Other - 168,450 166,005 226,698 - 226,698
39,839 189,613 254,209 476,215 - 476,215
Page 7 of 8
Account Gl Mapping FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
294-5-0000-51-996 TRANSFER OUT, DEBT SVC Transfer - 265,800 265,828 341,274 - 341,274
294-9-0602-90-001 CAPITAL IMPROVEMENTS Capital Improvement - - - - - -
294-9-0602-90-002 RIVERY GARAGE Other - - - - - -
- 265,800 265,828 341,274 - 341,274
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