HomeMy WebLinkAboutDowntown_TIRZ_Board_Agenda_8_1_2019_3106Notice of Meeting for the
Downtown T I RZ B oard
of the City of Georgetown
August 1, 2019 at 4:00 P M
at 808 Martin L uther K ing Jr Street, Georgetown, T X 78626, Community Room
T he C ity o f G eorgetown is c o mmitted to c ompliance with the Americans with Dis ab ilities 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, reasonable
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 contac t the C ity S ecretary's
O ffic e, at leas t three (3) d ays p rio r to the s cheduled meeting date, at (512) 930-3652 or C ity Hall at 808 Martin
Luther King Jr. S treet, G eo rgeto wn, T X 78626 for ad d itional info rmation; T T Y us ers route thro ugh R elay
Texas at 711.
L egislativ e Regular Agenda
A C all to O rd er
B R eview minutes from the July 18, 2018 Do wntown G eorgetown T I R Z Board Meeting - Amy Mertink,
Bo ard Liais o n
C P resentation of the Annual F inancial R eport for the Downto wn G eo rgetown T IR Z - P aul Diaz, Budget
Manager
D Disc ussio n, pres entatio n and p o s s ib le ac tio n to recommend projec ts – Laurie Brewer, As s is tant C ity
Manager
E P resentation of P ublic Art and O utdoor s pac es – Eric P. Las hley, Library Directo r
Adjournment
Adjourn meeting
Ce rtificate of Posting
I, R obyn Dens mo re, C ity S ec retary for the C ity of G eorgetown, Texas, do hereb y certify that this Notice of
Meeting was p o s ted at C ity Hall, 808 Martin Luther King Jr. S treet, G eorgeto wn, T X 78626, a p lace readily
acc es s ib le to the general p ublic as req uired by law, on the _____ day of _________________, 2019, at
__________, and remained so p o s ted fo r at leas t 72 c o ntinuo us hours prec eding the sc heduled time of s aid
meeting.
__________________________________
R o b yn Dens more, C ity S ecretary
Page 1 of 88
City of Georgetown, Texas
Downtown T I RZ Board
August 1, 2019
S UB J E C T:
C all to O rd er
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Amy Mertink, Bo ard Liaison
Page 2 of 88
City of Georgetown, Texas
Downtown T I RZ Board
August 1, 2019
S UB J E C T:
R eview minutes fro m the July 18, 2018 Do wnto wn G eo rgeto wn T I R Z Board Meeting - Amy Mertink,
Board Liais on
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Amy Mertink, Bo ard Liaison
AT TAC H ME N T S:
D escription Type
2018 Minutes Backup Material
Page 3 of 88
MINUTES
Downtown Georgetown Tax Increment Reinvestment Zone (TIRZ)
City of Georgetown, Texas
July 18, 2018 at 11:00 A.M.
The Downtown Georgetown Tax Increment Reinvestment Zone (TIRZ) met on July18, 2018 at 11:00 AM in the City Hall
Main Floor Conference Room, located at 113 East 8th Street, Georgetown, Texas.
Board Members Present City Staff Present
Mayor Dale Ross, Chair David Morgan, City Manager
Rachael Jonrowe Laurie Brewer, Assistant City Manager
Trisha Tallman Leigh Wallace, Finance Director
Karen Soeffker Paul Diaz, Budget Manager
Eric Lashley, Library Director
Kim McAuliffe, Downtown Development Manager
Board Members Absent Guests Present
Rusty Winkstern
Legislative Regular Agenda
Mayor Dale Ross called the meeting to order at 11:00 a.m.
A. Review minutes from the August 18, 2017 Downtown TIRZ Meeting – Danella Elliott
Motion to approve the minutes from August 18, 2017 by Mayor Ross; second by Rachael Jonrowe. Approved 4-0;
Rusty Winkstern absent.
B. Overview of the 2018/19 Financial Report – Leigh Wallace, Finance Director
Leigh Wallace gave the Financial Report, noting that the TIRZ Board is required to meet once per year and receive
the financial report to satisfy state reporting requirements. Leigh provided a list of eligible projects which TIRZ
funding could be used for. She said that this TIRZ has had excellent growth and explained that the incremental value
can be used for these projects.
The board thanked Leigh for her report.
C. Discussion, presentation and possible action to recommend projects - Laurie Brewer, Assistant City Manager
Laurie Brewer gave a presentation and update on the Downtown Initiatives, including TIRZ funded projects. She
explained the guiding policies and reviewed the history, noting that this is a successful TIRZ with a health y growth
pattern. The Downtown TIRZ was established in 2003 with the original Downtown Master Plan and updated and
extended to 2044 in 2014
Some of the TIRZ funded FY2018 accomplishments include: historic street signs in overlay districts, Grace Heritage
renovation (partial funding), preliminary engineering/parking expansions, sidewalk access improvements and head in
parking at 9th and Main. Other projects in progress include work in conjunction with the Watkins building, installation
of the Red Poppy Coffee/Library shade structure and additional trash/recycling compactors.
2019 Funding: $120K for general repairs and maintenance; $100K for parking expansion; $30K for Arts/Culture
Bloomberg grant, which includes hiring a consultant to provide conceptual drawings and budget costs for a Master
Plan for outdoor improvements to the City Center Campus, including development of outdoor space around the Library
and City Center for public art and small perfor mances. Rachael Jonrowe said that she was in favor and loves the
concept, as it creates a campus feel.
Page 4 of 88
MINUTES
Downtown Georgetown Tax Increment Reinvestment Zone (TIRZ)
City of Georgetown, Texas
July 18, 2018 at 11:00 A.M.
Next steps include 2019 recommendations for Council’s budget consideration and council consideration of a parking
structure. This would include approximately 140 new spaces and an estimated cost of $5M, with 50% from TIRZ
revenue to repay (approximately $160K annually) and 50% from other tax base to repay.
Adjournment
Motion to adjourn by Mayor Ross; second by Rachael Jonrowe. Approved 4-0. Rusty Winkstern absent.
The meeting adjourned at 11:42 a.m.
__________________________________ ____________
Mayor Dale Ross Date
Board Chair
__________________________________ ____________
Amy Mertink Date
Board Liaison
Page 5 of 88
City of Georgetown, Texas
Downtown T I RZ Board
August 1, 2019
S UB J E C T:
P res entation o f the Annual F inanc ial R eport fo r the Do wntown G eorgetown T I R Z - P aul Diaz, Budget
Manager
IT E M S UMMARY:
Annual F inanc ial R eport for the Downto wn G eorgetown T I R Z
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
P aul Diaz, Budget Manager
AT TAC H ME N T S:
D escription Type
Map Backup Material
Pres entation Pres entation
Fund Schedule Backup Material
Revenues Backup Material
Expens es Backup Material
Value Charts Backup Material
Initial projections Backup Material
Page 6 of 88
±
0 2,0001,000
Feet
TIRZ Map for Downtown Georgetown
Downtown TIRZ Outline
Page 7 of 88
FY2020 Annual Budget
Downtown TIRZ
Page 8 of 88
FY2020 Annual Budget
FY2019 Projections
•After the CAFR process, the FY2018 ending
balance totaled $443,943.
•FY2019 revenues are projected to finish the year
at budget.
•FY2019 expenses are projected to finish $262,205
less than budget.
–Timing of major capital projects.
•General repair account only projected at $100,000 in FY2019.
•Grace Heritage Plaza projected at zero in FY2019 and funding
rolled to FY2020.
Page 9 of 88
FY2020 Annual Budget
FY2020 Budget
•FY2020 revenues total $304,906, which
represents an increase of 13.4% over FY2019
projections.
–Continue to see growth in assessed value in the
TIRZ
Page 10 of 88
FY2020 Annual Budget
TIRZ Value
Year Total AV Tax Rate TIRZ Value TIRZ Revenue
FY2005 37,072,593 - -
FY2006 42,204,899 0.34626 5,132,306 17,771
FY2007 44,379,115 0.36728 7,306,522 26,835
FY2008 53,224,063 0.35659 16,151,470 57,595
FY2009 59,527,603 0.35622 22,455,010 79,989
FY2010 60,167,707 0.35622 23,095,114 82,269
FY2011 64,999,295 0.35622 27,926,702 99,480
FY2012 67,517,398 0.3875 30,444,805 117,974
FY2013 70,344,431 0.41 33,271,838 136,415
FY2014 74,097,357 0.4395 37,024,764 162,724
FY2015 78,658,889 0.434 41,586,296 180,485
FY2016 88,381,374 0.434 51,308,781 222,680
FY2017 88,039,461 0.424 50,966,868 216,100
FY2018 93,022,411 0.42 55,949,818 234,989
FY2019 99,287,162 0.42 62,214,569 261,301
FY2020 108,716,972 0.42 71,644,379 300,906
Page 11 of 88
FY2020 Annual Budget
-
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020
Downtown TIRZ Value
Base TIRZ Value2
Page 12 of 88
FY2020 Annual Budget
FY2020 Budget
•FY2020 expenses total $688,600.
–Debt Service
•Transfer out $167,500 to the General Debt Service Fund
for the parking garage. The TIRZ’s portion of the project
was $2.5 million –a total project costs was $5.0 million.
Page 13 of 88
FY2020 Annual Budget
FY2020
•Capital Improvements and Projects in FY2020
total $521,100.
–Rollforward of the $139,100 for Grace Heritage
Plaza.
–$195,000 programs for general repair and
maintenance.
–Budgeted funds for design study of the City Center
campus.
Page 14 of 88
FY2020 Annual Budget
Fund Schedule
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Beginning Fund Balance 353,332 443,943 443,943 450,539 - 450,539
Revenues
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Tax Revenue 237,490 261,301 261,301 300,906 - 300,906
Other 5,954 3,000 7,500 4,000 - 4,000
Transfer - - - - -
Grand Total 243,444 264,301 268,801 304,906 - 304,906
Expenses
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Capital Improvements 152,833 616,343 262,205 451,100 70,000 521,100
Debt Service - 167,500 - 167,500
Transfers - - - - -
Grand Total 152,833 616,343 262,205 618,600 70,000 688,600
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Ending Fund Balance 443,943 91,901 450,539 136,845 (70,000) 66,845
CAFR Adjustment - - - - - -
Debt Service Reserve - - - 66,845 - 66,845
Available Fund Balance 443,943 91,901 450,539 70,000 (70,000) 0
Page 15 of 88
FY2020 Annual Budget
Questions
Page 16 of 88
Monday, July 29, 2019 9:57:33 AM
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Beginning Fund Balance 353,332 443,943 443,943 450,539 - 450,539
Revenues
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Tax Revenue 237,490 261,301 261,301 300,906 - 300,906
Other 5,954 3,000 7,500 4,000 - 4,000
Transfer - - - - -
Grand Total 243,444 264,301 268,801 304,906 - 304,906
Expenses
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Capital Improvements 152,833 616,343 262,205 451,100 70,000 521,100
Debt Service - 167,500 - 167,500
Transfers - - - - -
Grand Total 152,833 616,343 262,205 618,600 70,000 688,600
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Ending Fund Balance 443,943 91,901 450,539 136,845 (70,000) 66,845
CAFR Adjustment - - - - - -
Debt Service Reserve - - - 66,845 - 66,845
Available Fund Balance 443,943 91,901 450,539 70,000 (70,000) 0
Downtown TIRZ - 293
Page 17 of 88
Revenue
Row Labels GL Mapping FY2018 Actuals FY2019 Budget FY2019 Projected FY2020 Base Budget FY2020 Changes FY2020 Budget
293-4-0001-42-100 ALLOCATED INTEREST Other 5,954 3,000 7,500 4,000 - 4,000
293-4-0001-42-361 SALE OF PROPERTY Other - - - - -
293-4-0001-40-100 AD VALOREM TAX Tax Revenue 237,490 261,301 261,301 300,906 - 300,906
293-4-0000-49-900 TRANSFER IN - GCP Transfer - - - - -
243,444 264,301 268,801 304,906 - 304,906
Page 18 of 88
Expenses
Row Labels GL Mapping FY2018 Actuals FY2019 Budget FY2019 Projected FY2020 Base Budget FY2020 Changes FY2020 Budget
293-5-0602-52-009 GENERAL REPAIR AND MAINTENANCECapital Improvements 33,835 225,341 175,000 190,000 - 190,000
293-5-0000-XX-XXX TRANSFER OUT DEBT SERVICEDebt Service - 167,500 - 167,500
293-9-0602-90-007 GRACE HERITAGE PLAZA Capital Improvements 45,900 139,100 - 139,100 - 139,100
293-9-0602-90-002 PARKING IMPROVEMENTS Capital Improvements 73,098 106,902 4,000 102,000 - 102,000
293-5-0602-52-013 GATEWAY DESIGN Capital Improvements - 60,000 - - - -
293-9-0602-90-003 DTWN LANDSPING & PUBLC ARTCapital Improvements - 45,000 79,205 20,000 70,000 90,000
293-5-0602-52-012 STREET LIGHT UPGRADES Capital Improvements - 40,000 4,000 - - -
293-5-0000-51-981 TRANSFER OUT -STORMWATERTransfers - - - - -
293-5-0000-51-986 TRANSFER OUT - IT Transfers - - - - -
293-5-0000-51-990 TRANSFER OUT - GCP Transfers - - - - -
293-5-0000-51-992 TRANSFER OUT - SRF Transfers - - - - -
293-5-0000-51-993 TRANSFER OUT - ISF Transfers - - - - -
293-5-0000-51-994 TRANS TO FLEET-VEHICLE PURCHTransfers - - - - -
293-5-0602-52-010 LIBRARY CANOPY Capital Improvements - - - - -
293-5-0602-52-011 TREE MITIGATION/LIGHTING Capital Improvements - - - - -
293-5-0602-52-200 FURNITURE, FIXTURES, & EQUIPCapital Improvements - - - - -
293-9-0602-90-001 CAPITAL IMPROVEMENTS Capital Improvements - - - - -
293-9-0602-90-004 AUSTIN AVE SIDEWALK 7TH-8THCapital Improvements - - - - -
293-9-0602-90-005 100 AUSTIN AVE Capital Improvements - - - - -
293-9-0602-90-006 GRAPE CREEK WINERY Capital Improvements - - - - -
152,833 616,343 262,205 618,600 70,000 688,600
Page 19 of 88
FY2020 Budget Workshop
DOWNTOWN TIRZ
Year Total AV Tax Rate TIRZ Value TIRZ Revenue
FY2005 37,072,593 - -
FY2006 42,204,899 0.34626 5,132,306 17,771
FY2007 44,379,115 0.36728 7,306,522 26,835
FY2008 53,224,063 0.35659 16,151,470 57,595
FY2009 59,527,603 0.35622 22,455,010 79,989
FY2010 60,167,707 0.35622 23,095,114 82,269
FY2011 64,999,295 0.35622 27,926,702 99,480
FY2012 67,517,398 0.3875 30,444,805 117,974
FY2013 70,344,431 0.41 33,271,838 136,415
FY2014 74,097,357 0.4395 37,024,764 162,724
FY2015 78,658,889 0.434 41,586,296 180,485
FY2016 88,381,374 0.434 51,308,781 222,680
FY2017 88,039,461 0.424 50,966,868 216,100
FY2018 93,022,411 0.42 55,949,818 234,989
FY2019 99,287,162 0.42 62,214,569 261,301
FY2020 108,716,972 0.42 71,644,379 300,906
Page 20 of 88
DOWNTOWN GEORGETOWN TAX INCREMENT REINVESTMENT ZONE
PROJECTED CAPTURED APPRAISED VALUE AND TAX INCREMENT
Annual Increase in existing property 2%2.25%
Estimated Appraised Value (55% - 2003 Market Value) 49,397,087
Participation Rate
Property Tax Rate - City Projected 2004/05 0.34626$ Assumes no increase in tax rate 100%
- Williamson County 0.51222$ Assumes no increase in tax rate 100%
Assessed Value Revenue Annual Cumulative Revenue Annual Cumulative COMBINED
2004 50,385,029 New Property Total Property 174,463$ Increment Increment 258,081$ Increment Increment CUMULATIVE
2005 51,392,730 1,500,000 52,892,730 183,146$ 8,683$ 8,683$ 270,926$ 12,845$ 12,845$ 21,528$
2006 53,950,584 4,000,000 57,950,584 200,660$ 17,513$ 26,196$ 296,833$ 25,907$ 38,752$ 64,949$
2007 59,109,596 4,000,000 63,109,596 218,523$ 17,864$ 44,060$ 323,258$ 26,425$ 65,177$ 109,237$
2008 64,371,788 2,500,000 66,871,788 231,550$ 13,027$ 57,087$ 342,529$ 19,271$ 84,448$ 141,535$
2009 68,209,224 2,500,000 70,709,224 244,838$ 13,288$ 70,375$ 362,185$ 19,656$ 104,104$ 174,479$
2010 72,123,408 2,500,000 74,623,408 258,391$ 13,553$ 83,928$ 382,234$ 20,049$ 124,153$ 208,081$
2011 76,115,876 1,622,777 77,738,653 269,178$ 10,787$ 94,715$ 398,191$ 15,957$ 140,110$ 234,825$
2012 79,293,426 1,712,607 81,006,033 280,491$ 11,314$ 106,028$ 414,927$ 16,736$ 156,846$ 262,874$
2013 82,626,154 1,784,102 84,410,256 292,279$ 11,787$ 117,816$ 432,364$ 17,437$ 174,283$ 292,099$
2014 86,098,461 1,859,088 87,957,549 304,562$ 12,283$ 130,099$ 450,534$ 18,170$ 192,453$ 322,551$
2015 89,716,700 1,937,215 91,653,916 317,361$ 12,799$ 142,898$ 469,467$ 18,933$ 211,386$ 354,284$
2016 93,486,994 2,018,626 95,505,620 330,698$ 13,337$ 156,235$ 489,196$ 19,729$ 231,115$ 387,350$
2017 97,415,732 2,103,457 99,519,190 344,595$ 13,897$ 170,132$ 509,754$ 20,558$ 251,674$ 421,805$
2018 101,509,573 2,191,854 103,701,427 359,077$ 14,481$ 184,613$ 531,176$ 21,422$ 273,096$ 457,709$
2019 105,775,456 2,283,965 108,059,421 374,167$ 15,090$ 199,703$ 553,499$ 22,322$ 295,418$ 495,121$
2020 110,220,610 2,379,948 112,600,558 389,891$ 15,724$ 215,427$ 576,759$ 23,260$ 318,679$ 534,106$
2021 114,852,569 2,479,964 117,332,532 406,276$ 16,385$ 231,812$ 600,997$ 24,238$ 342,916$ 574,729$
2022 119,679,183 2,584,183 122,263,366 423,349$ 17,074$ 248,886$ 626,254$ 25,257$ 368,173$ 617,059$
2023 124,708,633 2,692,782 127,401,415 441,140$ 17,791$ 266,677$ 652,572$ 26,318$ 394,491$ 661,168$
2024 129,949,443 2,805,944 132,755,387 459,679$ 18,539$ 285,216$ 679,996$ 27,424$ 421,915$ 707,131$
2025 135,410,495 2,923,862 138,334,358 478,997$ 19,318$ 304,533$ 708,572$ 28,576$ 450,491$ 755,025$
2026 141,101,045 3,046,736 144,147,781 499,126$ 20,130$ 324,663$ 738,349$ 29,777$ 480,269$ 804,932$
2027 147,030,737 3,174,774 150,205,510 520,102$ 20,975$ 345,638$ 769,378$ 31,029$ 511,297$ 856,936$
2028 153,209,620 3,308,192 156,517,812 541,959$ 21,857$ 367,495$ 801,711$ 32,333$ 543,630$ 911,126$
2029 159,648,168 3,447,216 163,095,385 564,734$ 22,776$ 390,271$ 835,402$ 33,691$ 577,322$ 967,592$
------------WILLIAMSON COUNTY------------
Annual Increase New Property
after 2010
Page 21 of 88
City of Georgetown, Texas
Downtown T I RZ Board
August 1, 2019
S UB J E C T:
Dis cus s io n, p res entation and possible action to rec o mmend p ro jects – Laurie Brewer, Assistant C ity
Manager
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Laurie Brewer, As s is tant C ity Manager
AT TAC H ME N T S:
D escription Type
Pres entation Pres entation
Page 22 of 88
Downtown Initiatives
Update to the Downtown TIRZ Board
(2019 and 2020 TIRZ funding)
August 1, 2019
Page 23 of 88
Agenda
•Background –guiding policies & practices
•Downtown Partnerships
•TIRZ history
•FY2019 Status of Projects
•FY2020 Planning/Funding
Page 24 of 88
Guiding Policies/Studies
•Downtown Master Plan (2013)
•Downtown TIRZ –Project List (amended 2011)
•Main Street Advisory Board Strategic Action
Plan (2016)
•Retail Study (2016)
Page 25 of 88
Major Areas to Address
•Infrastructure/Physical Elements
–Sidewalks, Streets, Utilities, Parks, Facilities,
Parking
•Business Attraction/Retention
•Marketing/Communication
•Culture
•Events
Page 26 of 88
Results –Incremental Value
37,072,593 37,072,593
0
5,132,306 7,306,522
16,151,470
22,455,01023,095,114
27,926,702
30,444,805
33,271,838
37,024,764
41,586,296
51,308,78150,966,868
55,949,818
62,214,569
71,644,379
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 2017 2018 2019 2020*
Page 27 of 88
Results –TIRZ revenue
$17,771
$57,595
$82,269
$117,974
$162,724
$222,680 $234,989
$261,301
$300,906
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020*
Page 28 of 88
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 29 of 88
Fiscal Year 2019 Accomplishments
•TIRZ Funded
–Downtown Landscaping and Public Art
–Irrigation Repairs
–Parking on Rock Street by Blue Hole
•(in progress –13 spaces)
–Installation of the Red Poppy Coffee/Library shade structure
•Lighting/electricity in progress
–Additional trash/recycling compactor
•Other Funding
–Downtown West –completion
–Sidewalk access improvements and head in parking along 9th
•Transit station moved to library
–Old County blue buildings demolished
Page 30 of 88
Fiscal Year 2019 In Progress
•Grace Plaza (funds will roll)
•Sidewalk construction on Rock underway soon
•Parking Garage Stakeholders Committee selected
–Will make recommendations to Council
Page 31 of 88
•Downtown TIRZ
boundary
–Purple indicates
Priority 1 projects
in the Sidewalk
Master Plan
Page 32 of 88
2020 Funding –Summary -$688.6K
•General Repairs and Maint $190K
•Transfer Out Debt Service $167.5K
•Grace Heritage Plaza (roll funds)$139.1K
•Parking Improvements $102K
•DT Landscaping/Public Art
–Public Art $ 20K
–Master Plan –City Center $ 70K
(Presentation on separate item)
•*Building debt service reserve fund
Page 33 of 88
Next Steps
•Include 2020 recommendations for Council’s
budget consideration
•Parking Garage Stakeholders Committee
–Council consideration of parking structure
recommendations
Page 34 of 88
Downtown Parking Structure
•Approximately 140 new
spaces
•Cost -$5M estimate
•Funding contemplates debt
funding
–50% from TIRZ revenue to
repay
•Appx $160K annually
–50% from other tax base to
repay
Page 35 of 88
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 36 of 88
City of Georgetown, Texas
Downtown T I RZ Board
August 1, 2019
S UB J E C T:
P res entation o f P ub lic Art and O utd o o r spac es – Eric P. Lashley, Lib rary Direc tor
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Eric P. Las hley, Lib rary Directo r
AT TAC H ME N T S:
D escription Type
Pres entation Pres entation
Page 37 of 88
Art in the Downtown
Page 38 of 88
Projects: New Downtown
Mural
Page 39 of 88
Projects: New Downtown
Mural
Page 40 of 88
Projects: New Downtown
Mural
Page 41 of 88
Projects: New Downtown
Mural
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Conceptual Plans for a Proposed City Center Public Spaces, Public Art, and Festival AreaPage 48 of 88
Downtown Master Plan –Chapter 7: Parks, Open Space, and
Public Art
Large plaza(s) for organized events
Play space for children
Passive green space to serve nearby residents
Small outdoor space for modest assemblies
Performance space for outdoor concerts and other
cultural events
Farmer’s market
Public art
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14Low Hanging Fruit
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Old County Buildings 17
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New Parking Lot on 8th
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Additional
Parking
Spaces
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Change entrance to Planning 19
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City Center
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Parking spaces at library =
28 and L&WW = 14
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Concerns and comments received from the Boards
Restroom facilities
Parking
Shade
Trash collection for events
Maintenance
Traffic on Martin Luther King Jr. Street
Need to brand the area (Main Street & CVB) -Plaza
Would need new marketing effort for Downtown versus just the Square (Main Street)
Need for better lighting from Square to City Center (Main Street)
Solar panels for Farmer’s Market structures
Outdoor seating behind Shotgun House
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Next Steps
Community Engagement efforts
1.Neighborhood Outreach
2.Downtown TIRZ Board
3.DGA –Downtown Merchants
4.Public Meetings
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Next Steps
Develop a City Center Master Plan?
Research options for phasing the project
Funding options
Grant opportunities
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City of Georgetown, Texas
Downtown T I RZ Board
August 1, 2019
S UB J E C T:
Ad jo urn meeting
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Amy Mertink, Bo ard Liaison
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