The URL can be used to link to this page

Home My WebLink AboutWilliams_Drive_TIRZ_Board_Agenda_8_28_2017_2262Notice of Meeting for the Williams Driv e TIRZ Board of the City of Georgetown August 28, 2017 at 10:00 AM at HLWW Large Conference Room - 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 Review the minutes from the S ep tember 12, 2016 Williams Drive TIRZ Board Meeting - Danella Elliott, Board Liais o n B Overview o f the 2017/18 Financ ial Rep ort for the Williams Drive Tax Inc rement Reinves tment Zone (TIRZ) - Leigh Wallace, F inance Direc tor C Pres entatio n and d is cus s io n o f the CAMP O/C ity of Geo rgeto wn Williams Drive S tud y Final Plan – Nathaniel Waggoner, AICP, P MP, Lo ng Range Planning Manager, and Andreina Dávila-Quintero , Current 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 __________________, 2017, 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 30 City of Georgetown, Texas Williams Drive TIRZ Board August 28, 2017 SUBJECT: Review the minutes fro m the Septemb er 12, 2016 Williams Drive TIRZ Board Meeting - Danella Ellio tt, Bo ard Liais on ITEM SUMMARY: Review September 12, 2016 Williams Drive TIR Z Bo ard Meeting minutes . FINANCIAL IMPACT: N/A SUBMITTED BY: Danella Ellio tt, Exec utive As s is tant ATTACHMENTS: Description Type 9.12.16 Minutes Backup Material Page 2 of 30 MINUTES Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) City of Georgetown, Texas September 12, 2016 at 11:00 A.M. The Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) met on September 12, 2016 at 11:00 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 Laurie Brewer, Assistant City Manager George Betondo Leigh Wallace, Finance Director David Biesheuvel David Morgan Board Members Absent Guests Present Rachael Jonrowe Legislative Regular Agenda Dale Ross, Chair, called the meeting to order at 11:00 a.m. 1. Review minutes from the September 17, 2015 Williams Drive TIRZ Board Meeting – Danella Elliott Motion to approve the minutes from the September 17, 2015 Williams Drive TIRZ Board Meeting Motion by David Morgan; second by David Biesheuvel. Approved 4-0. Rachael Jonrowe absent. 2. Overview of the 2016/17 Financial Report – Leigh Wallace, Finance Director Leigh gave an overview of the 2016/17 Financial Report and explained that it is presented to the board annually to satisfy state reporting requirements. She noted that the base value was about $20M when this TIRZ was created in 2007, and the WCAD value in 2016 was about $30M, which creates an incremental value of about $9M. With a tax rate of $0.424, the revenue is about $36,858. She noted that the Capital Improvements budgeted at $24,500 were for the Williams Drive Corridor Study, and moving forward into 2017, the balance is about $140,000. David Morgan noted that we will coordinate with the Planning Department to conduct the corridor study, and we are anticipating future activity in this zone. The challenge will be the multiple properties for development which could be hard to acquire. David Biesheuvel said that there are no immediate plans for the McCoy site, but it will be a great opportunity for redevelopment in the future hopefully. Adjournment Motion to adjourn by David Morgan; second by David Biesheuvel. Approved 4-0. Rachael Jonrowe absent. The meeting adjourned at 11:08 a.m. Page 3 of 30 MINUTES Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) City of Georgetown, Texas September 12, 2016 at 11:00 A.M. __________________________________ ____________ Dale Ross, Chair Date Board Chair __________________________________ ____________ Danella Elliott Date Board Liaison Page 4 of 30 MINUTES Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) City of Georgetown, Texas September 12, 2016 at 11:00 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 30 City of Georgetown, Texas Williams Drive TIRZ Board August 28, 2017 SUBJECT: Overview o f the 2017/18 F inancial Report fo r the Williams Drive Tax Inc rement Reinvestment Zo ne (TIRZ) - Leigh Wallac e, F inance Direc tor ITEM SUMMARY: Presentatio n of the F inancial Report annually report s atis fies state rep o rting requirements . FINANCIAL IMPACT: N/A SUBMITTED BY: Leigh Wallace, Financ e Directo r ATTACHMENTS: Description Type 2017/18 Williams Drive TIRZ Financial Report Backup Material Detailed Breakdown of $140K Backup Material Page 6 of 30 295 ‐ Gateway TIRZ FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget Beginning Fund Balance 94,796 127,639 127,965 140,470 ‐ 140,470 Revenues FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget Tax Revenue 32,843 36,858 36,585 33,286 ‐ 33,286 Interest 326 ‐ 420 400 ‐ 400 Grand Total 33,169 36,858 37,005 33,686 ‐ 33,686 Expenses FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget Capital Improvements ‐ 24,500 24,500 ‐ 140,000 140,000 Grand Total ‐ 24,500 24,500 ‐ 140,000 140,000 FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget Ending Fund Balance 127,965 139,997 140,470 174,156 (140,000) 34,156 CAFR Adjustment ‐ ‐ ‐ ‐ ‐ ‐ Available Fund Balance 127,965 139,997 140,470 174,156 (140,000) 34,156 Expenses FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget 295‐9‐0602‐90‐001 CAPITAL IMPROVEMENTS ‐ 24,500 24,500 ‐ 140,000 140,000 Revenue FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget 295‐4‐0001‐40‐100 AD VALOREM TAX 32,843 36,858 36,585 33,286 33,286 295‐4‐0001‐42‐100 ALLOCATED INTEREST 326 ‐ 420 400 400 Page 7 of 30 Account #Amount Name and Rank Reason Council Focus Date 295-9-0602-90-001 CAPITAL IMPROVEMENTS $ 120,000 1 - Engineering Study Engineering study needed to evaluate intersections, lane capacities, future street connections and access management within the TIRZ area. This study will help address development constraints and possible conflicts due to TxDOT's proposed DDI intersection. Part of the Williams Drive Study Implementation Plan for the short term (0-4 years). Respond to Issues of Growth 10/1/2017 295-9-0602-90-001 CAPITAL IMPROVEMENTS $ 20,000 2 - Community Outreach Community outreach and public participation on proposed new connections between parcels, to include the possibility of new public or private roads, as well as possible land use changes that may be needed to improve traffic and development along Williams Dr and the remaining TIRZ area. Respond to Issues of Growth 10/1/2017 Detailed Breakdown of funds Page 8 of 30 City of Georgetown, Texas Williams Drive TIRZ Board August 28, 2017 SUBJECT: Presentatio n and dis c us sion of the CAMPO/City o f Georgetown Williams Drive Study F inal Plan – Nathaniel Waggo ner, AICP, PMP, Long Range P lanning Manager, and Andreina Dávila-Quintero, Current Planning Manager ITEM SUMMARY: The City and C AMP O partnered to d evelop a p lan o f ac tion for Williams Drive to p ro vide s afety, effic ient trans p o rtation operatio ns, safe acc o mmo d atio ns o f all mo d es of trans p o rtation, and land use recommend atio ns that s upport c o mmunity needs , future ec o nomic gro wth and es tab lis h the c o rrid o r as a p remier gateway for the c ity and regio n. The Williams Drive S tud y final p lan c ap tures the vision of the community for the c o rrid o r incorporating rec ommend ations that address the five p rimary is s ues id entified: traffic c o nges tio n, traffic o p erations , b arriers to red evelopment and reinves tment, aes thetic enhancements, and p ed es trian and b icycle facilities . The comp lete final p lan is availab le online at http://www.camp o texas .org/wp -content/uplo ad s /2016/07/Williams -Drive-Final-R ep o rt-062917- Compressed.pdf. On July 11, 2017 C ity Co uncil mad e a mo tio n “to ac cept the Study and ado p t the firs t four years of the imp lementatio n p lan.” The motio n p as s ed 7-0 in favo r. This works ho p is d es igned for s taff to s hare with the Gateway TIRZ Board a p ro gres s to d ate, a review o f the study purpos e and goals, a s ummary of exis ting real estate and econo mic ac tivities in the S tud y area, and a disc uss io n o f the final imp lementation p lan. FINANCIAL IMPACT: None at this time. SUBMITTED BY: Nathaniel Waggo ner, AICP, PMP, Long Range P lanning Manager, and Andreina Dávila-Quintero, Current Planning Manager ATTACHMENTS: Description Type CAMPO/COG Williams Drive Final Plan Pres entation Page 9 of 30 Williams Drive Study Final Plan Gateway TIRZ Board August 28, 2017 Page 10 of 30 Agenda Study Purpose and Goals Area Overview Catalytic Site Implementation Plan Next Steps Page 11 of 30 Purpose: Develop a plan of action that will incorporate safety, efficient transportation operations, safe accommodations of all modes, and integration of smart transportation and land use, community needs, and the future economic growth of Williams Drive. The goals for Williams Drive include: Enhance multimodal movements and transportation operations Support corridor-wide and regional sustainable growth and economic development. Protect and enhance the corridor’s quality of life. Encourage development that creates a variety of context sensitive mixed-use services that are accessible to neighborhoods. Purpose and Goals Page 12 of 30 Study Area Page 13 of 30 Future Form and Character Page 14 of 30 R389424 R351835 R082833 R344520 R315027 R040423 R040335 R040360 R040332 R042390 R040386 R525771 R525770 R498680 R042388 R041639 R041634 R041633 R042389 R041647 R041638 R334371 R040404 R042363 R042366 R040334 R329816 R042387 R085382 R041644 R040410 R040345 R040353R040310 R041645 R040311 R041632 R305445 R041642 R041637 R305444 R041636 R041640 R041646 R041641 R306705 R041643 R089212 R042365 R306706 R041631 R081781 R418531 R041635 R536956 R040367 IH 35 N AUSTIN AVE W ILLIA M S D R RIVERY BLVD N O RT H W EST BLV D F M 9 7 1 N COLLEGE ST W O L F R A N C H P K W Y LEGEND: Streets Williams_Gateway_TIRZ_Parcels Williams Gateway TIRZ LANDUSE Single-Family Residential Du/Tri/Four-Plex Residential Multi-Family Residential Commercial Industrial Exempt (Public, Religious, Charitable) Greenbelt/Open Space Farm/Agriculture Vacant Parcels SCALE:5 0.2 Miles Page 15 of 30 R389424 R351835 R082833 R344520 R315027 R040423 R040335 R040360 R040332 R042390 R040386 R525771 R525770 R498680 R042388 R041639 R041634 R041633 R042389 R041647 R041638 R334371 R040404 R042363 R042366 R040334 R329816 R042387 R085382 R041644 R040410 R040345 R040353R040310 R041645 R040311 R041632 R305445 R041642 R041637 R305444 R041636 R041640 R041646 R041641 R306705 R041643 R089212 R042365 R306706 R041631 R081781 R418531 R041635 R536956 R040367 IH 35 N AUSTIN AVE W ILLIA M S D R RIVERY BLVD N O RT H W EST BLV D F M 9 7 1 N COLLEGE ST W O L F R A N C H P K W Y RS C-3 C-3 C-3 IN RS RS C-3 RS C-3 C-1 RS C-3 RS C-3 RS RS RS RS C-1 C-1 C-1 RS OF C-1 RS RS C-3 C-1 TF RS C-3 C-3 RS RS C-1 RS RSRS RS C-3 C-1 MF-2 C-3 RS RS C-1 OF RS RS OF RS RS RS C-3 C-3 RS C-1 OF RS C-1 RS C-3 C-1 RS RS MF-2 C-3 C-3 RS LEGEND: Streets Williams_Gateway_TIRZ_Parcels Parcels Williams Gateway TIRZ Agriculture (AG) Residential Low Density (RL) Residential Single-Family (RS) Two Family (TF) Townhouse (TH) Manufactured Housing (MH) Multifamily (MF) Business Park (BP) Office (OF) Public Facilities (PF) Neighborhood Commercial (CN) Local Commercial (C-1) General Commercial (C-3) Mixed Use Downtown (MU-DT) Industrial (IN) SCALE:5 0.2 Miles Page 16 of 30 $0 $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $300,000,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Centers: Assessed Value Growth Undeveloped/Vacant Residential Commercial Civic/Utility Assisted Living Assessed Value Growth Page 17 of 30 $0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Centers: Growth in Value of Properties with Assessed Value equal to $0 in 2005 Undeveloped/Vacant Residential Commercial Civic/Utility Growth from 2005 Page 18 of 30 $0 k $200 k $400 k $600 k $800 k $1.0 m $1.2 m $1.4 m $1.6 m $0 m $50 m $100 m $150 m $200 m $250 m $300 m 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 An n u a l T a x e s Pr o p e r t y A s s e s s e d V a l u e Centers: Total Assessment & Taxes Annual Taxes Total Assessment Value Total Assessment and Taxes Page 19 of 30 -$400 k $100 k $600 k $1.1 m $1.6 m $0 m $100 m $200 m $300 m An n u a l T a x e s Pr o p e r t y A s s e s s e d V a l u e Centers: Residential Assessment & Taxes Annual Taxes Property Assessment Value -$400 k $100 k $600 k $1.1 m $1.6 m $0 m $100 m $200 m $300 m An n u a l T a x e s Pr o p e r t y A s s e s s e d V a l u e Centers: Commercial Assessment & Taxes Annual Taxes Property Assessment Value Commercial vs Residential Page 20 of 30 GISD Site: 0 -5 years Page 21 of 30 GISD Site: 5 -10 years Page 22 of 30 GISD Site: 10+ years Page 23 of 30 FY17/18 Action Items Traffic signal coordination from Austin Avenue to Jim Hogg Rd Rivery Blvd construction NW Blvd Bridge construction Accessible Pedestrian Signal (APS) 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 Traffic engineering Page 24 of 30 First 4 years 1&2 –Transportation (Traffic Congestion and Operations) •Right-turn lanes on Williams Dr. and Rivery Blvd •Traffic Signal Coordination •Traffic engineering (access management, intersection improvements, network connections, capacity, speed and utilities) •Williams Dr. & Austin Ave intersection operation improvement •Painted median pilot program Page 25 of 30 First 4 years 1&2 –Transportation (Traffic Congestion and Operations) •Traffic Management Center •Williams Dr. & I-35 intersection improvement •Promote Go-Geo •Communication/Public Education •Stripe Northwest to include center turn lane and on -street bike lanes •Raised, planted medians in Centers Area Page 26 of 30 First 4 years 3 -Barriers to Redevelopment/Reinvestment •Update the 2030 Comprehensive Plan •Amend the Future Land Use Map •Preliminary engineering (access management, intersection improvements, network connections, capacity, and speed) •Review and update development standards and zoning •New connecting roadways Page 27 of 30 First 4 years 4 -Aesthetic Enhancements •Remove empty telephone poles •Review and update development standards and zoning •Signage and wayfinding study •Raised, planted medians in Centers Area •Grant program for signage and streetscape 5 -Pedestrian/Bicycle Facilities •Sidewalks on west side of Austin Ave •Install and repair curb ramps •Bicycle Master Plan •Remove mid-block pedestrian crossing •Bicycle facilities •Accessible Pedestrian Signal (APS) upgrades at intersections •Install and repair sidewalks on Williams DrPage 28 of 30 In summary… Promote Council’s strategic goals to: –Create a strategy to increase mobility –Create and maintain outstanding aesthetics, and a welcoming appearance and spirit Guidance on future plans including the Comprehensive Plan update and Capital Improvement Program Provides guidance on future budget requests that would improve the Williams Drive corridor Page 29 of 30 Questions and Feedback Thank you! Nat Waggoner, Long Range Planning Manager Andreina Dávila -Quintero, Current Planning Manager https://transportation.georgetown.org/williams -drive/ Page 30 of 30