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Home My WebLink AboutWilliams_Drive_TIRZ_Board_Agenda_9_25_2017_2273Notice of Meeting for the Williams Driv e TIRZ Board of the City of Georgetown September 25, 2017 at 10:30 AM at City Hall 2nd Floor Conference Room , located at 113 East 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 19 City of Georgetown, Texas Williams Drive TIRZ Board September 25, 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 19 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 19 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 19 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 19 City of Georgetown, Texas Williams Drive TIRZ Board September 25, 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 19 295 ‐ 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 19 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 19 City of Georgetown, Texas Williams Drive TIRZ Board September 25, 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 Williams Drive Study Pres entation Cover Memo Page 9 of 19 Williams Drive Study Final Plan Gateway TIRZ Board September 25, 2017 Page 10 of 19 Agenda Study Purpose and Goals Area Overview Tax Performance Analysis Catalytic Site Implementation Plan Next Steps Page 11 of 19 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 19 Study Area Page 13 of 19 Future Form and Character Page 14 of 19 $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 15 of 19 $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 16 of 19 Phase 1 -Action Items Traffic engineering 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 Page 17 of 19 In summary… Recommended for adoption by GTAB and P&Z Study accepted by Council, first four years approved Annual update to Gateway TIR Board Page 18 of 19 Questions and Feedback Thank you! Nat Waggoner, Long Range Planning Manager Andreina Dávila-Quintero, Current Planning Manager https://transportation.georgetown.org/williams -drive/ Page 19 of 19