HomeMy WebLinkAboutWilliams_Drive_TIRZ_Board_Agenda_9_12_2016_1860Notice of Meeting for the
Williams Driv e TIRZ Board
of the City of Georgetown
September 12, 2016 at 11:00 AM
at City Hall 2nd Floor Conference Room, located at 113 East 8th Street, Georgetown,
TX
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Legislativ e Regular Agenda
A Review minutes fro m the Septemb er 17, 2015 Williams Drive TIRZ Board Meeting - Danella Ellio tt,
Exec utive As s is tant, Bo ard Liais o n
B Overview o f the 2016/17 Financ ial Rep ort - Leigh Wallace, F inance Direc to r
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
Page 1 of 7
City of Georgetown, Texas
Williams Drive TIRZ Board
September 12, 2016
SUBJECT:
Review minutes from the S ep tember 17, 2015 Williams Drive TIRZ Bo ard Meeting - Danella Elliott,
Executive Ass is tant, Board Liaison
ITEM SUMMARY:
Review minutes from the S ep tember 17, 2015
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Danella Ellio tt, Exec utive As s is tant
ATTACHMENTS:
Description Type
9.17.15 Minutes Backup Material
Page 2 of 7
MINUTES
OF THE
WILLIAMS DRIVE GATEWAY TIRZ Board
SEPTEMBER 17, 2015
4:00 p.m.
CITY HALL 2ND FLOOR CONFERENCE ROOM
The Board of Directors of the Williams Drive Gateway Tax Increment Reinvestment Zone (TIRZ) met on
September 17, 2015 at 4:00 p.m. in the City Hall 2nd Floor Conference Room, located at 113 E. 8th Street,
Georgetown, Texas
Members Present: Mayor Dale Ross, Chair, Rachael Jonrowe, George Betondo, Steve West
Members Absent: David Morgan
Staff Present: Paul Diaz
Mayor Dale Ross, Chair,called the meeting to order at 4:00 pm.
Paul Diaz explained that the TIRZ Board is required to meet once per year and receive the financial report to satisfy
state reporting requirements. He gave an overview of the annual Financial Report and answered questions. He noted
that the Williams Drive TIRZ was established in 2007.
The base value as of January 1, 2007 was $20,667,982. The value as of January 1, 2015 was $28,235,513, resulting
in an incremental value of $7,567,531, or a 36.9% increase. With the 2015 tax rate of $0.434/$100 valuation, the
2015/16 estimated revenue to the TIRZ is $32,843.08, resulting in a Projected TIRZ fund balance at 9/30/2016 of
$103,041.72.
The report was accepted by the Board.
Meeting adjourned at 4:14 p.m.
Page 3 of 7
City of Georgetown, Texas
Williams Drive TIRZ Board
September 12, 2016
SUBJECT:
Overview o f the 2016/17 F inancial Report - Leigh Wallac e, Financ e Director
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 4 of 7
295 - Gateway TIRZ
FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
Beginning Fund Balance 67,448 96,678 94,796 127,639 - 127,639
Revenues FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
Interest 249 - - - - -
Tax Revenue 27,098 29,155 32,843 36,858 - 36,858
Grand Total 27,348 29,155 32,843 36,858 - 36,858
Expenses FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
Capital Improvements - 24,500 - 24,500 - 24,500
Grand Total - 24,500 - 24,500 - 24,500
FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
Ending Fund Balance 94,796 101,333 127,639 139,997 - 139,997
Contingency - - - - - -
Available Fund Balance 94,796 101,333 127,639 139,997 - 139,997
Page 5 of 7
Account Gl Mapping FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
295-4-0001-40-100 AD VALOREM TAX Tax Revenue 27,098 29,155 32,843 36,858 - 36,858
295-4-0001-42-100 ALLOCATED INTEREST Interest 249 - - - - -
27,348 29,155 32,843 36,858 - 36,858
Page 6 of 7
Account Gl Mapping FY2015 Actual FY2016 Budget FY2016 Projected FY2017 Base FY2017 Changes FY2017 Budget
295-9-0602-90-001 CAPITAL IMPROVEMENTS Capital Improvements - 24,500 - 24,500 - 24,500
- 24,500 - 24,500 - 24,500
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