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Home My WebLink AboutWilliams_Drive_TIRZ_Board_Agenda_7_18_2018_2632Notice of Meeting for the Williams Driv e TIRZ Board of the City of Georgetown July 18, 2018 at 10:00 AM at City Hall Main Floor Conference Room located at 113 E 8th Street Georgetown, TX 78626 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 Review minutes fro m the Septemb er 25, 2017 Williams Dr Tax Inc rement Zone (TIRZ) Bo ard of Directo rs Meeting – Danella Elliott, Exec utive As s is tant B Pres entatio n o f the Annual Financ ial Report for the Williams Drive TIRZ - Leigh Wallac e, Financ e Direc tor C Pres entatio n and d is cus s io n o f Implementation of the Williams Drive Stud y – Nat Waggo ner, AICP, PMP, Lo ng Range Planning Manager 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 __________________, 2018, 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 Page 1 of 21 City of Georgetown, Texas Williams Drive TIRZ Board July 18, 2018 SUBJECT: Review minutes from the S ep tember 25, 2017 Williams Dr Tax Increment Zo ne (T IRZ) Board o f Directors Meeting – Danella Ellio tt, Executive Assistant ITEM SUMMARY: Review minutes from the S ep tember 25, 2017 Williams Dr Tax Increment Zo ne (T IRZ) Board o f Directors Meeting FINANCIAL IMPACT: N/A SUBMITTED BY: Danella Ellio tt, Board Liaison ATTACHMENTS: Description Type 9.25.2017 Williams Drive TIRZ Draft Minutes Backup Material Page 2 of 21 MINUTES Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) City of Georgetown, Texas September 25, 2017 at 10:30 A.M. The Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) met on September 25, 2017 at 10:300 AM in the City Hall 2nd Floor Conference Room, located at 113 East 8th Street, Georgetown, Texas. Board Members Present City Staff Present Dale Ross, Chair Leigh Wallace, Finance Director David Morgan Paul Diaz, Budget Manager Brad Curlee Nathanial Waggoner Bryan Hallmark (for Dr. Fred Brent) Andreina Davila Sofia Nelson Board Members Absent Guests Present Rachael Jonrowe Legislative Regular Agenda Dale Ross, Chair, called the meeting to order at 10:30 a.m. 1. Review minutes from the September 12, 2016 Williams Drive TIRZ Board Meeting – Danella Elliott Motion to approve the minutes from the September 12, 2016 Williams Drive TIRZ Board Meeting Motion by David Morgan; second by Mayor Ross. Approved 4-0. Rachael Jonrowe absent. 2. Overview of the 2017-18 Financial Report – Leigh Wallace, Finance Director Leigh gave an overview of the 2017-18 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. In 2016, $32K was collected. Projections for 2017 are $36K and for 2018, projections are $33K. The decrease from 2017 to 2018 can be attributed to the large amount under protest, and also, there has not been a lot of activity in this zone. She noted that the Capital Improvements are budgeted at $120K for an engineering study and $20K for community outreach, with a balance of about $140,000. David Morgan explained when the TIRZ was created and how one operates. He said that since the creation of this TIRZ, there was a downturn in the economy, but now we are on the uphill climb, noting that the original vision/plan hasn’t come to fruition but we are now reinforcing the vision. Mayor Ross said that we just do not want to over-commit our tax dollars. The board thanked Leigh for the report. Page 3 of 21 MINUTES Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) City of Georgetown, Texas September 25, 2017 at 10:30 A.M. 3. Presentation and discussion of the CAMPO/City of Georgetown Williams Drive Study Final Plan – Nathaniel Waggoner, AICP, PMP, Long Range Planning Manager and Andreina Davila-Quintero, Current Planning Manager Nat Waggoner and Andreina Davila have been working on this plan together, and Nat gave a presentation and explained that the focus was primarily how to solve transportation congestion. He noted that Council has said that Williams Drive is very important and has specified that the Gateway needs to be beautiful and special. Discussion followed, and Mayor Ross thanked them for their hard work on this project. . Adjournment Motion to adjourn by Brad Curlee; second by David Morgan. Approved 4-0. Rachael Jonrowe absent. The meeting adjourned at 11:08 a.m. __________________________________ ____________ Dale Ross, Chair Date Board Chair __________________________________ ____________ Danella Elliott Date Board Liaison Page 4 of 21 MINUTES Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) City of Georgetown, Texas September 25, 2017 at 10:30 A.M. Adjournment 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 ____________, 2016, at _________, and remained so posted for at least 72 hours preceding the scheduled time of said meeting. ________________________________ Shelley Nowling, City Secretary Page 5 of 21 City of Georgetown, Texas Williams Drive TIRZ Board July 18, 2018 SUBJECT: Presentatio n of the Annual F inancial Report fo r the Williams Drive TIRZ - Leigh Wallace, F inance Direc to r ITEM SUMMARY: Annual Financ ial R ep o rt fo r the Williams Drive T IRZ FINANCIAL IMPACT: N/A SUBMITTED BY: Leigh Wallace, Financ e Directo r ATTACHMENTS: Description Type Fund Schedule Backup Material Revenue Backup Material Expens e Backup Material His tory Graph Backup Material Page 6 of 21 295 - Gateway TIRZ 7/13/2018 9:06:24 AM FY2017 Actual FY2018 Budget FY2018 Projected FY2019 Base FY2019 Changes FY2019 Budget Beginning Fund Balance 127,965 140,470 168,414 182,426 - 182,426 Revenues FY2017 Actual FY2018 Budget FY2018 Projected FY2019 Base FY2019 Changes FY2019 Budget Tax Revenue 39,756 33,286 37,412 38,570 38,570 Interest 693 400 1,600 1,500 1,500 Grand Total 40,449 33,686 39,012 40,070 40,070 Expenses FY2017 Actual FY2018 Budget FY2018 Projected FY2019 Base FY2019 Changes FY2019 Budget Capital Improvements - 140,000 25,000 120,000 120,000 Grand Total - 140,000 25,000 120,000 120,000 FY2017 Actual FY2018 Budget FY2018 Projected FY2019 Base FY2019 Changes FY2019 Budget Ending Fund Balance 168,414 34,156 182,426 102,497 - 102,497 CAFR Adjustment - - - - - - Available Fund Balance 168,414 34,156 182,426 102,497 - 102,497 Page 7 of 21 Revenues Revenue GL Mapping FY2017 Actual FY2018 Adopted Budget FY2018 Projected FY2019 Base Budget FY2019 Changes FY2019 Budget 295-4-0001-40-100 AD VALOREM TAX Tax Revenue 39,756 33,286 37,412 38,570 38,570 295-4-0001-42-100 ALLOCATED INTEREST Interest 693 400 1,600 1,500 1,500 40,449 33,686 39,012 40,070 - 40,070 Page 8 of 21 Expenses Expense GL Mapping FY2017 Actual FY2018 Adopted Budget FY2018 Projected FY2019 Base Budget FY2019 Changes FY2019 Budget 295-9-0602-90-001 CAPITAL IMPROVEMENTSCapital Improvements - 140,000 25,000 120,000 120,000 - 140,000 25,000 120,000 - 120,000 Page 9 of 21 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 Gateway TIRZ Value Base TIRZ Value Page 10 of 21 City of Georgetown, Texas Williams Drive TIRZ Board July 18, 2018 SUBJECT: Presentatio n and dis c us sion of Imp lementatio n o f the Williams Drive Study – Nat Waggoner, AICP, PMP, Long Range P lanning Manager ITEM SUMMARY: In Septemb er 2017, s taff p ro vided the TIRZ Board an o verview o f the Williams Drive Study includ ing d etails o n the ad o p ted Imp lementation Plan. Since meeting with the T IRZ Board in September, the City has c o mp leted s everal implementatio n tasks . Last fall, the C ity c o mp leted an update to the C ity’s traffic s ignal c o o rd ination s ys tem as well as installed flas hing yellow arro ws alo ng Williams Drive, fro m I -35 to Jim Ho gg Rd to alleviate turning c o nflic ts and imp ro ve light wait times . In January 2018, the C ity applied to the Capital Area Metropolitan Planning Organizatio n (CAMPO) fo r Federal funding to s upport engineering and c ons tructio n fo r several intersec tio ns alo ng Williams Drive as well as improvements to the sidewalk network. Ap p ro ximately $125,000 of Williams Drive TIRZ funding will b e leveraged to s ec ure $1.38M the grant award fro m CAMP O. The City has begun wo rk to inc o rp o rate the land us e findings fro m the Centers Area o f the Williams Drive Study as p art of the up d ate to the City’s Comprehens ive P lan update. Polic y rec o mmendatio ns and p ublic o utreach related to land use within the TIRZ will b egin in the s p ring of 2019. Wo rk will commenc e this s ummer o n the Rivery Bo ulevard extens io n p ro jec t and expec ted to b e completed by mid -2019, creating additio nal c o nnectivity to Northwes t Bo ulevard and eventually o ver I-35. Rec o mmendations res ulting fro m the Williams Drive Study have b een inc orporated into the design o f Rivery Bo ulevard. F o llo wing the c o mp letion o f R ivery Boulevard in mid -2019, the City will b egin cons tructing the No rthwest Boulevard Brid ge, which will provid e a p arallel ro ute to Williams Drive fro m Aus tin Avenue to Lakeway Drive. At the July 17, 2018 meeting, staff will provide the TIRZ Bo ard an overview o f F Y18 and FY19 imp lementatio n ac tivities involving the TIRZ Dis trict. FINANCIAL IMPACT: Staff is working with the Texas Department o f Trans portation (TxDOT) to finalize an Advanc ed Fund ing Agreement (AFA), the doc ument req uired to s ec ure Federal trans p o rtatio n funds this S ummer. Staff anticipates expend ing TIRZ mo nies $25,000 in F Y18 and $120,000 in FY19. SUBMITTED BY: Nat Waggoner, AICP, PMP, Long Range Planning Manager ATTACHMENTS: Description Type Page 11 of 21 WD Implementation Pres entation Pres entation Page 12 of 21 Williams Drive Study Final Plan Gateway TIRZ Board July 18, 2018 Page 13 of 21 Agenda Review last TIRZ Board presentation Actions completed to date CAMPO Funded Projects City Initiated land use planning Page 14 of 21 9/25/2017 Board Meeting Study Purpose and Goals Area Overview Tax Performance Analysis Catalytic Site Implementation Plan Next Steps Page 15 of 21 Actions Completed Signal timing modifications Design and bid award for construction of Rivery Blvd Awarded best Transportation Plan by Central Texas APA Award of Federal Funding ($1.38M) Initiation of land use planning (subarea) Page 16 of 21 CAMPO Award $25K TIRZ needed in FY 18 for TXDOT AFA –Finalize Summer 2018 $120K TIRZ needed in FY19 to begin engineering/design –Begin design in Summer 2019, 12-18 months to complete 5Page 17 of 21 Access Improvements –Traffic congestion and operations –Reduce Barriers to redevelopment, Project # T-07 •Focused on SW corner of I-35/Williams •Design funding –Access for properties adjacent to Divergent Diamond Interchange Page 18 of 21 Active Transportation Traffic congestion and operations –Project # P-03, P-06, P-10, P-11, P-12 –Makes use of Transportation Development Credits •Effectively offsets 2015 Bond monies used on SH29 for 2015 Bond funded sidewalk improvements –Design funding •7 miles of parallel bike facilities (portion) •5 miles of buffered bike lanes (portion) •1 mile of sidewalk (all) •.50 miles of sidewalk/curb ramp repairs (all) 7Page 19 of 21 Future Form and Character Page 20 of 21 Questions and Feedback Thank you! Nat Waggoner, AICP, PMP, Long Range Planning Manager Andreina Dávila-Quintero, AICP, Current Planning Manager https://transportation.georgetown.org/williams-drive/ Page 21 of 21