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HomeMy WebLinkAboutWilliams_Drive_TIRZ_Board_Agenda_12_17_2021_4083Notice of Meeting for the Williams Driv e T I RZ B oard of the City of Georgetown December 17, 2021 at 9:00 AM at Georgetown City Hall L arge Conference Room, 808 Martin L uther K ing Jr. St. T he C ity of G eorgetown is committed to compliance with the Americans with Disabilities Act (ADA). If you require as s is tance in partic ipating at a public meeting due to a disability, as defined under the ADA, reas onable as s is tance, adaptations , or ac commodations will be provided upon request. P leas e c ontact the C ity S ec retary's O ffic e, at leas t three (3) days prior to the sc heduled meeting date, at (512) 930-3652 or C ity Hall at 808 Martin Luther King Jr. S treet, G eorgetown, T X 78626 for additional information; T T Y users route through R elay Texas at 711. This is a re vise d age nda. Regular Session (T his R egular S es s ion may, at any time, be rec es s ed to c onvene an Exec utive S es s ion for any purpose authorized by the O pen Meetings Act, Texas G overnment C ode 551.) A C ons ideration and possible approval of the minutes from the July 29, 2020 Williams Drive G ateway Tax Inc rement R einvestment Zone (T I R Z) Board Meeting – Mayor Josh S c hroeder, C hair B P resentation and dis cus s ion of development ac tivities related to the Williams Drive S tudy (2017) and Williams Drive G ateway P lan. – Nat Waggoner, P MP, AI C P, As s t. Dir. – Long R ange C P resentation of the annual financial report for the G ateway Tax Increment R einves tment Zone – Laurie Brewer, Assistant C ity Manager Adjournment Ce rtificate of Posting I, R obyn Densmore, C ity S ecretary for the C ity of G eorgetown, Texas, do hereby c ertify that this Notic e of Meeting was posted at C ity Hall, 808 Martin Luther King Jr. S treet, G eorgetown, T X 78626, a plac e readily acc es s ible to the general public as required by law, on the _____ day of _________________, 2021, at __________, and remained s o posted for at leas t 72 c ontinuous hours prec eding the s cheduled time of said meeting. __________________________________ R obyn Dens more, C ity S ec retary Page 1 of 32 City of Georgetown, Texas Williams Drive T I RZ Board December 17, 2021 S UB J E C T: C onsideration and possible approval of the minutes from the July 29, 2020 Williams Drive G ateway Tax Increment R einves tment Zone (T I R Z) Board Meeting – Mayor Jos h S chroeder, C hair IT E M S UMMARY: F IN AN C IAL IMPAC T: N/A S UB MIT T E D B Y: S haron P arker AT TAC H ME N T S: Description Type Minutes Backup Material Page 2 of 32 Williams Drive TIRZ Minutes July 29, 2020 Page 1 of 4 MINUTES Williams Drive Tax Increment Investment Zone (TIRZ) Board of the City of Georgetown July 29, 2020 at 3:15 PM at Telecommuting The Williams Drive Tax Increment Investment Zone (TIRZ) Board met virtually on July 29, 2020 at 3:15 p.m. Consistent with Governor Greg Abbott’s suspension of various provisions of the Open Meetings Act, effective August 1, 2020 and until further notice, to reduce the chance of COVID-19 transmission, all City of Georgetown Advisory Board meetings will be held virtually. Public comment will be allowed via teleconference; no one will be allowed to appear in person. Board Members Present City Staff Present Mayor Dale Ross, Board Chair Laurie Brewer, Assistant City Manager Rachael Jonrowe, Councilmember, District 6 Nathaniel Waggoner, Long Range Planning Manager David Morgan, City Manager Mayra Cantu, Management Analyst Shirley Rinn, Executive Assistant to the City Manager Sabrina Poldrack, Contract Administrator Board Members Absent Guests Present Brad Curlee, Business Owner Steve West, GISD Mayor Ross called meeting to order at 3:15 p.m. When the roll call was initially done it was determined that a quorum of the members were present via videoconferencing (Mayor Ross, Jonrowe, Morgan) Regular Session A Discussion on how this virtual conference will be conducted, to include options for public comments and how the public may address the Commission – Mayor Dale Ross, Chair Mayor Ross provided an overview of the virtual meeting logistics. There were no guests present. Legislative Regular Agenda B Review the minutes from the July 18, 2019 Williams Drive Gateway Tax Increment Reinvestment zone (TIRZ) Board Meeting – Mayor Dale Ross, Chair Motion by Mayor Ross to approve the minutes from the July 18, 2019 Williams Drive Gateway Tax Increment Reinvestment zone (TIRZ) Board Meeting, second by Jonrowe. (Approved 3-0) (Curlee and West Absent) Page 3 of 32 Williams Drive TIRZ Minutes July 29, 2020 Page 1 of 4 C Presentation of the annual financial report for the Gateway Tax Increment Reinvestment Zone – Laurie Brewer, Assistant City Manager Brewer told the advisory board that she would be providing an overview and update of the TIRZ’s FY19 balances, the current fiscal year, which is FY20, and a FY21 update. Laurie Brewer provided a presentation to the Board, which is required by state law as well as the City’s Ordinance as to relates to this Board. She provided an overview of Tax Increment Reinvestment Zones, their purpose, how they are utilized, and the role of the advisory board. Brewer presented a map that outline the TIRZ Boundaries and also told the Board that the Williams Drive TIRZ was created to support mixed use development that was consistent with the Williams Drive Redevelopment Plan. The lifespan of the TIRZ is 25 years with original project plan estimating $25 Million in expected infrastructure. She also provided a list of allowed projects that could be approved by the Advisory Board and City Council. She also indicated that other projects could be added to the plan as well. There was some discussion whether or not project list included in the presentation was for the Downtown TIRZ. It was verified that the Project list referenced in the presentation is correct and is included in the Preliminary Project Plan for the Williams Drive TIRZ (Ordinance 2006-104). Brewer told the advisory Board that after the audit and the Comprehensive Annual Financial Report process the FY 2019 ending balance totaled $254,965. She also indicated that the FY20 property tax revenues were anticipated to finish the year slightly higher than the budget and that the there were no expenses budgeted for F 2020. She went on to provide an overview of the FY 2021 revenues and expenses. The revenues were relatively flat, but that they should increase dramatically after the McCoy site redevelopment. She also told the Board there would be a new expense in FY21 to reimburse the City for Administrative overhead expenses, which includes fees for appraisal district, tax collection, accounting/finance, legal and city management. She clarified that the basis for the administrative fee is 2% of the WCAD and Williamson County Contracts. She also clarified that all of the City’s TIRZs represents about 2% of the overall value across the City. This administrative expense is a flat fee that will be charged to each of the boards and not in proportion to the value of each TIRZ. She indicated that the administrative expenses would be there regardless of the value of the TIRZ. She also told the Board that the City Staff would be proposing to do a cost allocation study with an independent consulting firm on overhead allocations and that the cost allocations for the TIRZ Boards could also be included in that study. She also said that the anticipated that there will be an ending balance of $346K in the Williams Drive TIRZ Fund. Brewer then provided a comprehensive overview of the current TIRZ Fund Schedule. She indicated that the only expense at this time was the administrative expense, but also mentioned that a couple of years ago this Fund did pay for some engineering studies around Williams Drive Page 4 of 32 Williams Drive TIRZ Minutes July 29, 2020 Page 1 of 4 and the improvements in that area. She told the Board that Nat Waggoner, the city’s long-range planning manager was available should they have any questions regarding projects on Williams Drive. Brewer indicated that the next step of the City Council to review and adopt the budget, as well as to continue to analyze the long term plan for the Williams Drive TIRZ, which includes Gateway landscaping and roadway improvements associated with TXDOT intersection improvements. She told the Board that the new fiscal year begins October 1, 2021. Brewer opened the meeting up for questions. There were not any questions, but Morgan indicated that Brewer did a good job with the presentation and that we were in a holding pattern until projects and other opportunities come along in the future. Adjournment Motion by Mayor Ross, second by Morgan to Adjourn. Meeting was adjourned at 3:27 p.m. Date: Mayor Josh Schroeder Board Chair Attest: Date Sharon Parker Board Liaison Page 5 of 32 City of Georgetown, Texas Williams Drive T I RZ Board December 17, 2021 S UB J E C T: P res entation and disc ussion of development activities related to the Williams Drive S tudy (2017) and Williams Drive G ateway P lan. – Nat Waggoner, P MP, AI C P, Asst. Dir. – Long R ange IT E M S UMMARY: S taff will provide the T I R Z Board an overview of ac tivities completed in 2020 in s upport of the 2017 Williams Drive S tudy and the Williams Drive G ateway P lan of the 2030 C omprehensive P lan. F IN AN C IAL IMPAC T: . S UB MIT T E D B Y: S haron P arker AT TAC H ME N T S: Description Type Pres entation Pres entation Williams Drive Study Progres s Report to CAMPO Backup Material Williams Drive Implementation Backup Material Page 6 of 32 Williams Drive Development Nat Waggoner, PMP, AICP, Asst. Dir. –Long Range November 30, 2021 Page 7 of 32 Overview •Williams Drive Study –Progress Report •Williams Drive Development Activity Q4 -2020 •Williams Drive Gateway Implementation Activities Year 1 Page 8 of 32 Williams Drive Study (2017) – Short term implementation actions Status % Share Not started 22 51% In Progress 7 16% Completed 14 33% Total 42 100% Page 9 of 32 Williams Drive Study (2017) –Progress Report •Notable Achievements 2020-2021 •Inclusion of the Access Management Study in the 2022 Budget, CIP •Voter approval of $10.2M to replace the existing center turn lane on Williams Drive with a landscaped median, with median openings and left turn bays at strategic locations, to create a four-lane divided roadway from DB Wood Road to IH 35. •Voter approval of $10.4M bicycle facilities, sidewalks, intersection improvements, and transportation technology upgrades, portions of which will impact the Williams Drive Study Area. •The Planning Department is currently reviewing a Planned Unit Development application for the catalytic site. •Lakeway Drive Intersection Improvements will begin late 2021 Page 10 of 32 Williams Drive Development Activity Q4 -2020 Development Type Acres 2021-12-PUD 16.15 2021-44-FP 2.88 2021-8-REZ 0.68 2021-28-SDP 3.30 2021-37-SDP 0.82 Page 11 of 32 Williams Drive Gateway Implementation Activities Year 1 •Unified Development Code (UDC) Diagnostic •Access Management Study •Public engagement •Support for catalytic site Page 12 of 32 DEVELOPMENT SERVICES CITY OF GEORGETOWN 809 W MLK I P. 0. Box 409 I Georgetown, Texas 78626 I (512) 930-3575 georgetown.org I planning@georgetown.org September 14, 2021 Ashby Johnson, AICP CAMPO, Executive Director 3300 N. Interstate 35, Suite 630 Austin, Texas 78705 Re: Williams Drive Study - Platinum Planning Program Progress Report Mr. Johnson, The City of Georgetown is pleased to share with the Capital Area Metropolitan Planning Organization (CAMPO) a brief summary of the progress the City and its partners, including CAMPO, have made since the last report in 2020. The tabled below summarizes the status of the 42 short term action items of the Williams Drive Implementation Plan. Status % Share Not started 22 51% In Progress 7 16% Completed 14 33% Total 42 100% Attached is a detailed accounting of the short-term action items completed, in progress and not started including. Notable completed short terms actions include: • Inclusion of the Access Management Study in the 2022 Budget, CIP • Voter approval of $10.2M to replace the existing center turn lane on Williams Drive with a landscaped median, with median openings and left turn bays at strategic locations, to create a four-lane divided roadway from DB Wood Road to IH 35. • Voter approval of $10.4M bicycle facilities, sidewalks, intersection improvements, and transportation technology upgrades, portions of which will impact the Williams Drive Study Area. • The Planning Department is currently reviewing a Planned Unit Development application for the catalytic site. • Lakeway Drive Intersection Improvements will begin October 2021. The City appreciates the role CAMPO plays in the region and believes the above projects reflect a positive and fruitful use of Federal, State and local resources and we look forward to sharing more progress in the next reporting period. Respectfully, Nat Waggoner, PMP, AICP Asst. Planning Director, Long Range Will Parrish Transportation Coordinator, Public Works Page 13 of 32 DEVELOPMENT SERVICES CITY OF GEORGETOWN 809 W MLK I P. 0. Box 409 I Georgetown, Texas 78626 I (512) 930-3575 georgetown.org I planning@georgetown.org Page 14 of 32 Williams Dr Study Short Term Implementation Plan TRAFFIC CONGESTION AND OPERATIONS IMPLEMENTATION PLAN Timeframe No. Action Item Area Status T-01 Rivery Blvd extension from Williams Dr to Northwest Blvd (build)Centers Area Completed T-02 Reconstruction and new construction of Northwest Blvd from Fondana Dr to Austin Ave, including proposed bridge over IH 35 (build)Centers Area Completed T-03 Intersection improvement at Williams Dr and IH-35 Centers Area In-progress T-04 Eastbound right-turn lane Williams Dr to SB Rivery Blvd Centers Area Completed T-05 Northbound right-turn Rivery Blvd to eastbound Williams Dr Centers Area Completed T-06 Intersection operation improvements for Austin Ave and Williams Dr Centers Area In-progress T-07 Preliminary Engineering analysis for access management/driveway consolidation, intersection improvements, network connections, capacity, speed, and utilities Study Area In-progress T-08 Install a painted median and center left hand turn pockets along one of the character areas of the Williams Dr corridor (pilot program)Centers Area Not started T-09 Traffic Signal Coordination from Austin Avenue to Jim Hogg Rd Study Area Completed T-10 Inventory existing traffic signal infrastructure and identify standard operating systems/upgrades, limited implementation Study Area Completed T-11 Promote Go-Geo Study Area Completed T-12 Communication/Public Education about alternate routes, best practices/suggestions during peak hours.Study Area In-progress T-13 Work with the Post Office to relocate individual mail boxes Centers Area Not started T-14 Establish Traffic Management Center (TMC) and appropriate staffing Study Area Not started T-15 Work with Police Department for enforcement and traffic control Study Area Not started T-16 Stripe Northwest Blvd to accommodate a 10 foot center turn lane, two 10 foot through lanes, and two 5-foot bike lanes on either side off the roadway Centers Area In-progress T-17 Install raised, planted center medians with left hand turn pockets in the Centers Area Centers Area In-progress Sh o r t ( 0 - 4 y e a r s ) Page 1 of 3 Page 15 of 32 Williams Dr Study Short Term Implementation Plan BARRIERS TO REDEVELOPMENT IMPLEMENTATION PLAN Timeframe No. Action Item Area Progress R-01 Update the City’s Comprehensive Plan to incorporate Williams Dr recommendations Study Area Completed R-02 Amend the FLU map to include a subarea plan for the Centers Area Centers Area Completed R-03 Adjust the TIRZ boundary to include the entirety of the GISD site and adjacent sites and develop TIRZ spending plan Centers Area Not started R-04 Engineering studies for water, wastewater, drainage/stormwater/water quality Centers Area Not started R-05 Work with GISD on potential redevelopment of catalytic site Centers Area Completed R-06 Review and update the development standards applicable to properties in the Williams Dr Centers Area, specifically regulations pertaining to block/lot standards, landscaping, signage, and streetscape improvements Centers Area Not started R-07 Adopt a MU district/SP overlay district/Rezoning for the Centers Area Centers Area Not started R-08 Adopt a MU district/SP overlay district/Rezoning for the Catalytic Site(s)Centers Area Not started R-09 Create a special assessment/financial district to fund these recommended public projects Centers Area Not started AESTHETICS ENHANCEMENTS IMPLEMENTATION PLAN Timeframe No. Action Item Area Status A-01 Update City’s Comprehensive Plan to incorporate Williams Dr recommendations, specifically as it applies to gateways Corridor Area Completed A-02 Remove empty telephone poles on the north side of Williams Dr between Shell Rd and La Paloma Corridor Area Not started A-03 Update the City's UDC relating to the Gateway Overlay district standards as these apply to the Williams Dr Corridor. This may include new regulations pertaining to Corridor Area In-progress A-04 Undertake corridor wide signage and wayfinding study Study Area Not started A-05 Intersection demonstration gardens at the intersection of Williams Dr and I-35 Centers Area Not started PEDESTRIAN/BICYCLE FACILITIES IMPLEMENTATION PLAN Sh o r t ( 0 - 4 y e a r s ) Sh o r t ( 0 - 4 y e a r s ) Page 2 of 3 Page 16 of 32 Williams Dr Study Short Term Implementation Plan Timeframe No. Action Item Area Status P-01 Design and construction of sidewalk along the west side of Austin Ave from Morrow St to Williams Dr Centers Area Completed P-02 Remove mid-block pedestrian crossing on Williams Dr between I-35 and Rivery Blvd Centers Area Not started P-03 Preliminary Engineering analysis and schematic design for bikeways along and parallel to Williams Dr Study Area Not started P-04 Undertake a Citywide Bicycle Master Plan Study Area Completed P-05 APS Signal Upgrades at Williams Dr and Lakeway Dr, Williams Dr and Shell/DB Wood Rd, Williams Dr and Wildwood Dr, Williams Dr and Lakewood Dr, and Williams Dr and Rivery Blvd Study Area Completed P-06 Implement buffered bike lanes along both sides of Williams Dr between Jim Hogg Rd and Lakeway Dr Corridor Area Not started P-07 Implement an on-street bicycle lane along W Sequoia Spur from Shell Rd to Val Verde Dr Corridor Area Not started P-08 Implement on-street bicycle lanes along Serenada Dr between Booty's Crossing and Northwest Blvd, continuing east along Northwest Blvd to just east of E. Janis Dr Corridor Area Not started P-09 Implement parallel signed bicycle routes along Park Lane between Williams Dr and W Central Dr, along Dawn Dr between Park Lane and Western Trail, and along Mesquite Lane between Booty's Crossing and Rivery Blvd Centers Area Not started P-10 Install and repair sidewalks and curb ramps along Williams Dr between Lakeway Dr and Rivery Blvd, and Lakeway Dr between Williams Dr and Northwest Blvd Centers Area Not started P-11 Install and repair sidewalks and curb ramps along Whisper Oaks Dr between Lakeway Dr and Northwest Blvd Centers Area Not started P-12 Install and repair sidewalks and curb ramps along Broken Spoke Trl between Western Trail and Lakeway Dr Centers Area Not started Sh o r t ( 0 - 4 y e a r s ) Page 3 of 3 Page 17 of 32 City of Georgetown, Texas Williams Drive T I RZ Board December 17, 2021 S UB J E C T: P res entation of the annual financ ial report for the G ateway Tax Inc rement R einvestment Zone – Laurie Brewer, As s is tant C ity Manager IT E M S UMMARY: An annual meeting of the T I R Z b o ard is req uired b y the by-laws. T his is traditio nally c o mp leted in late S ummer, so that the b o ard c an review the previo us year ’s financial ac tivity, as well as have a p review o f the upc oming budget proposal for the T I R Z. S P E C IAL C O N S ID E R AT ION S : C ouncil is sc heduled to ac t on all c omponents of the F Y2022 budget in August 2021. AT TAC HME N T S : P res entation, inc luding fund sc hedule, history, zone map, history F IN AN C IAL IMPAC T: N/A S UB MIT T E D B Y: S haron P arker AT TAC H ME N T S: Description Type Pres entation Pres entation Page 18 of 32 FY2022 Annual Budget Williams Drive Gateway TIRZ Fiscal Year 20 Year End Balances Fiscal Year 21 and 22 Budget Update Page 19 of 32 FY2022 Annual Budget Tax Increment Reinvestment Zones •Also called TIF –Tax Increment Financing •Geographical area where property tax revenues are dedicated from incremental increase in assessed values towards improvements in the zone –Property would not develop otherwise •Sets aside additional revenue accrued due to valuation increases after establishment of TIRZ –Improvement plan is approved –Revenues to be utilized towards improvements in the district •Authorized by Texas Constitution and Chapter 311 of Tax Code Page 20 of 32 FY2022 Annual Budget Role of Board •Advisory to the Council –Council is final decision point for TIRZ activity •Board approves/recommends the project and funding plans •Annual meetings required to review financial activity Page 21 of 32 FY2022 Annual Budget Background •Created to support pedestrian, mixed use development •Consistent with Williams Drive Gateway Redevelopment Plan •2008 is the base year •25 years •$25 million expected in infrastructure for project plan Page 22 of 32 FY2022 Annual Budget Project Plan Page 23 of 32 FY2022 Annual Budget City of GeorgetownPage 24 of 32 FY2022 Annual Budget FY2021 Projections •After the audit and CAFR process, the FY2020 ending balance totaled $307,436 •FY2021 property tax revenues finished the year at budget •Only administrative expenses budgeted in FY2021 Page 25 of 32 FY2022 Annual Budget TIRZ Value and Revenue -History Year Total AV Tax Rate TIRZ Value TIRZ Revenue Base TIRZ Value Increment FY2008 20,667,982 - - 20,667,982 - FY2009 20,209,721 0.35622 (458,261) (1,632) 20,667,982 (458,261) FY2010 19,716,803 0.35622 (951,179) (3,388) 20,667,982 (951,179) FY2011 22,518,020 0.35622 1,850,038 6,590 20,667,982 1,850,038 FY2012 23,728,705 0.3875 3,060,723 11,860 20,667,982 3,060,723 FY2013 24,993,971 0.41 4,325,989 17,737 20,667,982 4,325,989 FY2014 24,935,151 0.4395 4,267,169 18,754 20,667,982 4,267,169 FY2015 26,911,855 0.434 6,243,873 27,098 20,667,982 6,243,873 FY2016 28,235,513 0.434 7,567,531 32,843 20,667,982 7,567,531 FY2017 29,360,809 0.424 8,692,827 36,858 20,667,982 8,692,827 FY2018 28,518,568 0.42 7,850,586 32,972 20,667,982 7,850,586 FY2019 29,851,397 0.42 9,183,415 38,570 20,667,982 9,183,415 FY2020 33,097,664 0.42 12,429,682 52,205 20,667,982 12,429,682 FY2021 32,059,030 0.418 11,391,048 47,615 20,667,982 11,391,048 FY2022 32,334,093 0.401 11,666,111 46,781 20,667,982 11,666,111 Page 26 of 32 FY2022 Annual Budget TIRZ Value Page 27 of 32 FY2022 Annual Budget FY2022 Budget •FY2022 revenues total $47,098 –Relatively flat value –Increase may become more dramatic after McCoy site redevelopment •FY2022 Administrative Expense •Expense totals $10,500 •Includes fees for appraisal district, tax collection, accounting/finance, legal and city management •Ending Balance of $384K Page 28 of 32 FY2022 Annual Budget Fund Schedule Gateway TIRZ FY2020 Actuals Amended Budget Projected Base Budget Changes Proposed Budget Beginning Fund Balance 254,965 307,436 307,436 347,407 - 347,407 Revenue 40001:Property Taxes 48,742 49,111 49,111 46,898 - 46,898 42001:Interest Income 3,730 1,000 860 200 - 200 Revenue Total 52,471 50,111 49,971 47,098 - 47,098 Expense Operations - 10,000 10,000 10,500 - 10,500 Expense Total - 10,000 10,000 10,500 - 10,500 Ending Fund Balance 307,436 347,547 347,407 384,005 - 384,005 Reserves Contingency - - - - - - Reserves Total - - - - - - Available Fund Balance 307,436 347,547 347,407 384,005 - 384,005 FY2021 FY2022 Page 29 of 32 FY2022 Annual Budget Next Steps •Continue to analyze long term plan for this TIRZ –Gateway landscaping –Roadway improvements associated with TxDot intersection improvements Page 30 of 32 FY2022 Annual Budget Questions Page 31 of 32 City of Georgetown, Texas Williams Drive T I RZ Board December 17, 2021 S UB J E C T: IT E M S UMMARY: F IN AN C IAL IMPAC T: . S UB MIT T E D B Y: S haron P arker Page 32 of 32