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Home My WebLink AboutDowntown_TIRZ_Board_Agenda_8_18_2017_2255Notice of Meeting for the Downtown TIRZ Board of the City of Georgetown August 18, 2017 at 10:00 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 minutes fro m the Dec emb er 12, 2016 Do wntown Geo rgeto wn Tax Increment Zone (TIRZ) Board of Direc to rs Meeting -- Danella Ellio tt, Exec utive As s is tant B Overview o f the 2017/18 Financ ial Rep ort - Leigh Wallace, F inance Direc to r C Do wntown Initiatives p res entation up d ate to the Downto wn TIRZ Bo ard (2017 and 2018 fund ing) - Laurie Brewer, As s is tant City 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 18 City of Georgetown, Texas Downtown TIRZ Board August 18, 2017 SUBJECT: Review minutes from the December 12, 2016 Downto wn Georgetown Tax Inc rement Zo ne (TIRZ) Board o f Directo rs Meeting -- Danella Elliott, Exec utive As s is tant ITEM SUMMARY: Review minutes from the December 12, 2016 Downto wn Georgetown Tax Inc rement Zo ne (TIRZ) Board o f Directo rs Meeting FINANCIAL IMPACT: NA SUBMITTED BY: Danella Ellio tt, Exec utive As s is tant ATTACHMENTS: Description Type Downtown TIRZ Minutes from 12.12.2016 Backup Material Page 2 of 18 MINUTES Downtown Georgetown Tax Increment Reinvestment Zone (TIRZ) City of Georgetown, Texas Monday, December 12, 2016 at 11:00 A.M. The Downtown Georgetown Tax Increment Reinvestment Zone (TIRZ) met on Tuesday, September 20, 2016 at 3:00 PM in the City Hall 2nd Floor Conference Room, located at 113 East 8th Street, Georgetown, Texas. Board Members Present City Staff Present Rachael Jonrowe, Chair David Morgan, City Manager Len Lester Laurie Brewer, Assistant City Manager Shelly Hargrove Paul Diaz, Budget Manager Rusty Winkstern Board Members Absent Guests Present Taylor Kidd JJ Parker Jeff Parker Legislative Regular Agenda Rachael Jonrowe, Chair, called the meeting to order at 11:03 a.m. 1. Review minutes from the August 20, 2016 Downtown TIRZ Meeting – Danella Elliott Motion to approve the minutes from August 20, 2016 by Rusty Winkstern; second by Len Lester. Approved 4-0; Taylor Kidd absent. 2. Downtown Initiatives presentation update on 2016 and 2017 TIRZ projects – Laurie Brewer, Assistant City Manager Laurie gave a presentation and summary of the 2016 and 2017 Downtown Initiatives, including TIRZ funded projects. Some highlights that she mentioned: the graph shows a success story; the valuation has more than doubled (to over $88M) since the TIRZ was created. FY16 was a planning year, getting geared up for Downtown West, and creating a funding plan for the Grace Heritage Center Phase 1-2 which will get underway next year. The Shotgun House renovation and updating wayfinding signage were major accomplishments as well. FY17 planning includes historic street signs, gateway signage design, general repairs and maintenance, street projects, tree mitigation, Shotgun House landscaping and signage, parking lots (existing and new construction) and Big Belly trash containers are all on the list. Rachael asked about the crosswalks, and Laurie said that she will work with them to preserve the crosswalks. At the September meeting, the board asked for cost estimates for a bollard/railing feature on the west side (from 7th to 8th) on the Austin Avenue sidewalk. Laurie said that the cost for a basic sidewalk handrail is about $75-100/foot installed. The price increases with more elaborate features, such as painted pickets, etc. For approximately 250 linear foot (including contingency) for permanently mounted rails, the total estimate would be approximately $57,500. David explained that since this is not in the funding plan, we will visit with property owners and get their feedback. Rachael agreed with this. David said we would plan to put it in the 2017/18 budget, get all of the logistics worked out and plan accordingly during big events during the fall. Len suggested that we be flexible and work with the business owners when it all starts happening. Page 3 of 18 MINUTES Downtown Georgetown Tax Increment Reinvestment Zone (TIRZ) City of Georgetown, Texas Monday, December 12, 2016 at 11:00 A.M. Adjournment Motion to adjourn by Len Lester; second by Rusty Winkstern. Approved 4-0. Taylor Kidd absent. The meeting adjourned at 11:44 a.m. __________________________________ ____________ Rachael Jonrowe, Chair Date Board Chair __________________________________ ____________ Danella Elliott Date Board Liaison Page 4 of 18 MINUTES Downtown Georgetown Tax Increment Reinvestment Zone (TIRZ) City of Georgetown, Texas Monday, December 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 18 City of Georgetown, Texas Downtown TIRZ Board August 18, 2017 SUBJECT: Overview o f the 2017/18 F inancial Report - Leigh Wallac e, Financ e Director ITEM SUMMARY: Overview o f the 2017/18 F inancial Report FINANCIAL IMPACT: N/A SUBMITTED BY: Leigh Wallace, Financ e Directo r ATTACHMENTS: Description Type Downtown TIRZ Financial Report Backup Material Page 6 of 18 293 - Downtown TIRZ 8/14/2017 1:54:13 PM FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget Beginning Fund Balance 65,938 4,570 26,618 303,450 - 303,450 Revenue FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget Tax Revenue 202,632 216,100 216,100 237,227 - 237,227 Interest 48 - 600 500 - 500 Transfer - 202,632 202,632 - - Other - - - - Grand Total 202,680 418,732 419,332 237,727 - 237,727 Expenses FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget Capital Improvements - 402,632 142,500 541,177 - 541,177 Transfers 242,000 - - - Grand Total 242,000 402,632 142,500 541,177 - 541,177 FY2016 Actual FY2017 Budget FY2017 Projected FY2018 Base FY2018 Changes FY2018 Budget Ending Fund Balance 26,618 20,670 303,450 - - - CAFR Adjustment - - - - - - Available Fund Balance 26,618 20,670 303,450 - - - Page 7 of 18 EXPENSES Row Labels FY2016 Actual FY2017 Adopted Budget FY2017 YTD FY2017 Projected FY2018 Base Budget FY2018 Budget 293-5-0000-51-990 TRANSFER OUT - GCP 242,000 - - - 293-5-0000-51-992 TRANSFER OUT - SRF - - - - 293-5-0000-51-993 TRANSFER OUT - ISF - - - - 293-5-0602-52-009 GENERAL REPAIR AND MAINTENANCE - 214,132 1,665 10,000 519,177 519,177 293-5-0602-52-010 LIBRARY CANOPY - 32,500 - 32,500 - - 293-5-0602-52-011 TREE MITIGATION/LIGHTING - 66,000 - 10,000 22,000 22,000 293-5-0602-52-200 FURNITURE, FIXTURES, & EQUIP - - - - - 293-9-0602-90-001 CAPITAL IMPROVEMENTS - - - - - - 293-9-0602-90-002 DOWNTOWN PARKING - 50,000 - 50,000 - 293-9-0602-90-003 DTWN LANDSPING & PUBLC ART - - - - - 293-9-0602-90-004 AUSTIN AVE SIDEWALK 7TH-8TH - - - - - 293-9-0602-90-005 100 AUSTIN AVE - - - - - 293-9-0602-90-006 GRAPE CREEK WINERY - - - - - 293-9-0602-90-007 GRACE HERITAGE CHURCH - P LOT - - - - - 293-5-0602-52-012 STREET LIGHT UPDATES 40,000 40,000 - 402,632 1,665 142,500 541,177 541,177 REVENUES Row Labels FY2016 Actual FY2017 Adopted Budget FY2017 YTD FY2017 Projected FY2018 Base Budget FY2018 Budget 293-4-0000-49-900 TRANSFER IN - GCP - 202,632 - 202,632 - 293-4-0001-40-100 AD VALOREM TAX 202,632 216,100 - 216,100 237,227 237,227 293-4-0001-42-100 ALLOCATED INTEREST 48 - 524 600 500 500 293-4-0001-42-361 SALE OF PROPERTY - - - - 419,332 237,727 237,727 Page 8 of 18 City of Georgetown, Texas Downtown TIRZ Board August 18, 2017 SUBJECT: Downto wn Initiatives presentatio n update to the Do wntown TIRZ Board (2017 and 2018 funding) - Laurie Brewer, As s is tant C ity Manager ITEM SUMMARY: Staff will provide a s ummary o f 2017 and 2018 Downto wn Initiatives, including T IRZ funded p ro jects . FINANCIAL IMPACT: N/A SUBMITTED BY: Laurie Brewer, As s is tant City Manager ATTACHMENTS: Description Type Downtown Initiatives Backup Material Page 9 of 18 8/14/2017 1 Downtown Initiatives Update to the Downtown TIRZ Board (2017 and 2018 Funding) August 18, 2017 Agenda •Background – guiding policies & practices •Downtown Partnerships •TIRZ history •FY2017 Accomplishments/In progress •FY2018 Planning/Funding Page 10 of 18 8/14/2017 2 Guiding Policies/Studies •Downtown Master Plan (2013) •Downtown TIRZ – Project List (amended 2011) •Main Street Advisory Board Strategic Action Plan (2016) •Retail Study (2016) Major Areas to Address •Infrastructure/Physical Elements –Sidewalks, Streets, Utilities, Parks, Facilities, Parking •Business Attraction/Retention •Marketing/Communication •Culture •Events Page 11 of 18 8/14/2017 3 Results –TIRZ valuation 37,072,593 44,379,115 59,527,603 64,999,295 70,344,431 78,658,889 88,039,461 93,022,411 ‐ 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000 100,000,000 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Downtown Partners •City –Main Street –CVB –Georgetown Arts and Culture –Planning, Parks and Rec and other support departments •Non‐profits/Other –DGA –Williamson County Museum –Preservation Georgetown –The Palace Theater –Georgetown Art Works –Southwestern Page 12 of 18 8/14/2017 4 Fiscal Year 2017 Accomplishments •Funding Strategy for Downtown West •Installed 2nd Big Belly trash compactor and recycling receptacle on square •Lighting and banners for parking lots •VFW Park construction completed Parking Lot Banners •CVB Named City‐owned Parking Lots –Bluebonnet –Red Poppy –Daisy –Sunflower •Larger Antique Poles Installed at Entrances •Banners labeling lots Page 13 of 18 8/14/2017 5 VFW Park Grand Opening Sidewalk Construction FY17 •Sidewalk construction –8th St (Rock to Austin) –Library –to accommodate transit Page 14 of 18 8/14/2017 6 Sidewalk Construction FY17 •Sidewalk construction –8th St (Church to Myrtle) –Founder’s Park –Curb and Gutter –7th/ Church to Myrtle Fiscal Year 2017 In Progress •Construction ‐Downtown West •Historic resource survey •Install historic street signs •Plan for additional county/city partnership on parking at 8th and MLK •Construction/Rehabilitation –Grace Heritage Center •Rehabilitation of visitor restrooms •Founder’s Park sidewalk/improvements Page 15 of 18 8/14/2017 7 Fiscal Year 2017 In Progress •Plaza, sidewalk, parking –Conjunction with Watkins insurance building –Improved access (slopes) and drainage –Sidewalk access improvements and head in parking along 9th •Transit station moved to library –Additional parking on Main to be constructed by Watkins developers •Signal at 5th and Austin Avenue –On hold – bidding and warrants 2018 Funding – Rollforward $300K •Gateway Signage Design $ 10K •Tree Mitigation $ 17K •Parking improvements $ 30K •Sidewalks $169K –Timing –Note: 20K from fund balance •Street Lights $ 40K •General Repairs & Maint $ 34K Page 16 of 18 8/14/2017 8 2018 Funding –New $Next 240K •Gateway Signage Design $ 50K –Total of $60K •Parking Improvements $ 50K –8th and MLK/demolition/design –Total of $80K •Landscaping and public art $ 15K •Tree mitigation $ 5K –Total of $22K •Sidewalks & Plazas $ 16K –Total of $185K •General Repairs and Maintenance $105K –Total of $139K 2018 Funding – Summary ‐$541K •Gateway Signage Design $ 60K •Parking Improvements $ 80K •Landscaping and public art $ 15K •Tree mitigation $ 22K •Sidewalks & Plazas $185K •Street Lighting $ 40K •General Repairs and Maint $139K Page 17 of 18 8/14/2017 9 Next Steps •Include 2018 recommendations for Council’s budget consideration Next Steps •Review 5 year plan –Sidewalk projects to improve accessibility and enhance transportation network –Gateway signage –Parking improvements •Continue to leverage public improvements towards private investments (partnerships) •Emphasize arts and culture Page 18 of 18