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Home My WebLink AboutDowntown_TIRZ_Board_Agenda_8_7_2015_1226Notice of Meeting for the Downtown TIRZ Board of the City of Georgetown August 7, 2015 at 9:00 AM at City Hall 2nd Floor Conference Room, located at 113 East 8th Street, Georgetown, TX The City of Georgetown is committed to compliance with the Americans with Disabilities Act (ADA). If you require assistance in participating at a public meeting due to a disability, as defined under the ADA, reasonable assistance, adaptations, or accommodations will be provided upon request. Please contact the City at least four (4) days prior to the scheduled meeting date, at (512) 930-3652 or City Hall at 113 East 8th Street for additional information; TTY users route through Relay Texas at 711. Legislative Regular Agenda A Election of Downtown TIRZ Chair - Danella Elliott, Executive Assistant B Overview of the 2015-16 Financial Report C Consideration and possible action to approve Fiscal Year 2015-2016 project expenditures to implement elements of the TIRZ project plan - Laurie Brewer, Assistant City Manager CERTIFICATE OF POSTING I, Jessica Brettle, 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 __________________, 2015, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. ____________________________________ Jessica Brettle, City Secretary Page 1 of 279 City of Georgetown, Texas Downtown TIRZ Board August 7, 2015 SUBJECT: Election of Downtown TIRZ Chair - Danella Elliott, Executive Assistant ITEM SUMMARY: Elect a chair for the Downtown TIRZ Board. FINANCIAL IMPACT: N/A SUBMITTED BY: Bridget Chapman, City Attorney and Danella Elliott, Executive Assistant Page 2 of 279 City of Georgetown, Texas Downtown TIRZ Board August 7, 2015 SUBJECT: Overview of the 2015-16 Financial Report ITEM SUMMARY: This report satisfies state reporting requirements. FINANCIAL IMPACT: N/A SUBMITTED BY: Micki Rundell, Chief Financial Officer ATTACHMENTS: Description Type Financial Report Backup Material Fund Schedule Backup Material Page 3 of 279 Page 4 of 279 Page 5 of 279 Page 6 of 279 Page 7 of 279 Page 8 of 279 City of Georgetown, Texas Downtown TIRZ Board August 7, 2015 SUBJECT: Consideration and possible action to approve Fiscal Year 2015-2016 project expenditures to implement elements of the TIRZ project plan - Laurie Brewer, Assistant City Manager ITEM SUMMARY: The TIRZ project plan includes elements to expand and repair pedestrian features to ensure accessibility throughout the district ($125,000); a tree mitigation program to ensure that as trees are removed in the downtown overlay district, they are replaced appropriately ($22,000); recurring funding it extend street lights throughout the overlay district; construction of a canopy on the north side courtyard of the library ($67,500); implementing the downtown parking study; and reconfiguring existing parking resources and signage ($50,000). The total anticipated project cost is $265,500. Projects for upcoming year include: General Repairs/Maintenance $125,000 Tree Replacement $22,000 Parking Study Implementation $50,000 Red Poppy Canopy $67,500 FINANCIAL IMPACT: $265,500 worth of requests have been submitted. The underground electric improvements and antique streetlights will be purchased using utility revenues. All other expenses will be covered by revenue collected via the Downtown TIRZ, in combination with possible public-private partnerships SUBMITTED BY: Laurie Brewer, Assistant City Manager ATTACHMENTS: Description Type Downtown TIRZ CIP Backup Material Ordinance establishing TIRZ Backup Material Project Plan Backup Material Downtown Overlay Map Backup Material Page 9 of 279 FY2016 Annual Budget DOWNTOWN CIP DOWNTOWN CIP DOWNTOWN ELECTRIC DOWNTOWN MASTER PLAN DOWNTOWN CIP FUND SUMMARY The FY2016 Downtown CIP includes continuing funding for general repair and maintenance, Americans with Disability Act (ADA) access improvements for sidewalks in the downtown overlay district, and to continue placing utilities underground (funded in the Utility CIP). Additional requests for FY2016 are:  A tree mitigation program to ensure that as trees are removed in the downtown overlay district, they are replaced appropriately;  Recurring funding it extend street lights throughout the overlay district;  Construction of a canopy on the north side courtyard of the library (design completed in 2015).  Implementing the downtown parking study and reconfiguring existing parking resources and signage. The 2016 plan request funds for design work related to pedestrian access and amenities along the Austin Avenue Bridge, with construction to be funded in 2017. DOWNTOWN CIP CAPITAL IMPROVEMENT PLAN A general Capital Improvement Plan (CIP) is presented for the coming fiscal year to implement infrastructure and facilities projects contemplated in the Downtown Master Plan adopted by City Council in 2014. The downtown projects incorporate recommendations from the Arts and Culture Board, the Parks and Recreation Board, the Convention and Visitors Bureau Board, the Library Board, the Main Street Advisory Board, and the Historic and Architectural Review Commission, and work to continue developing Georgetown as a Signature Destination. The Downtown five-year Capital Improvement Program funding comes from a combination of cash contributions, debt funding and interest income. Actual amount of debt issues will be determined upon project timing and available and previously unallocated funds (previous year-end excess funds). Page 10 of 279 FY2016 Annual Budget Downtow n Electric* 19% Downtow n Master Plan 81% FY2016 Expenses by Type Certificate s of Obligation 66% Electric Revenues 22%Downtown TIRZ 12% Combined 5 -Year Est.Funding DOWNTOWN MASTER PLAN CIP FUND SUMMARY Subproject Listings FY2016 FY2017 FY2018 FY2019 FY2020 Revenues by Source Certificates of Obligation 675,000 2,400,000 2,960,000 270,000 - Electric Revenues 225,000 388,000 275,000 885,000 340,000 Downtown TIRZ 264,500 297,000 197,000 197,000 197,000 Total 1,164,500$ 3,085,000$ 3,432,000$ 1,352,000$ 537,000$ Expenses by Type Downtown Electric*225,000 388,000 275,000 885,000 340,000 Downtown Master Plan 939,500 2,697,000 3,157,000 467,000 197,000 Total 1,164,500$ 3,085,000$ 3,432,000$ 1,352,000$ 537,000$ *Less:Downtown Electric is funded and budgeted in the Electric department capital fund. Page 11 of 279 FY2016 Annual Budget DOWNTOWN MASTER PLAN CAPITAL IMPROVEMENT PROGRAM Subproject Listings Project to Date FY2016 FY2017 FY2018 FY2019 FY2020 Total Downtown Electric Proj.300,000 185,000 348,000 235,000 845,000 300,000 2,213,000 Antique Lights 40,000 40,000 40,000 40,000 40,000 40,000 240,000 Total 340,000$ 225,000$ 388,000$ 275,000$ 885,000$ 340,000$ 2,453,000$ Project Title: Downtown Electric Project Description:In an effort to expand successful retail opportunities beyond the 9-block core of the square,antique street lights will be installed throughout the overlay district in conjunction with streescape projects.A tree mitigation program is needed to ensure that as trees are removed in the downtown overlay district,they are replaced appropriately.To ensure safety on Austin Ave.,the City will install a pedestrian signal at the intersection of Austin Ave.and 5th Street to help protect people as the cross from downtown to restaurants north of the square. To continue to improve the appeal and usability of Downtown, the City will perennially work to move utilities underground. Funding Source: Funded by Electric Operating Revenues and Downtown TIRZ Revenues Subproject Listings Project to Date FY2016 FY2017 FY2018 FY2019 FY2020 Total Red Poppy Canopy - 67,500 - - - - 67,500 General Repair & ADA Maintenance - 125,000 125,000 125,000 125,000 125,000 625,000 Austin Bridge Design 675,000 675,000 Tree Mitigation/Lighting 22,000 22,000 22,000 22,000 22,000 22,000 132,000 Signature Gateway - - 100,000 - - - 100,000 Mast Arms - - 560,000 270,000 - 830,000 Reconfigure Parking - 50,000 50,000 50,000 50,000 50,000 250,000 Austin Bridge Construction / Match / Pedestrian Elements 2,400,000 2,400,000 4,800,000 Total 22,000$ 939,500$ 2,697,000$ 3,157,000$ 467,000$ 197,000$ 7,479,500$ Funding Source: Funded by Tax-Supported Certificates of Obligation Bonds. Project Title: Downtown Master Plan Project Description:In an effort to create more outdoor seating,funding for designing a canopy on the north side courtyard of the library is being requested.Future plans include installing mast arms at major intersections,developing signature gateway signage.The City expects to utilize TxDot and CAMPO funding for the repair of the Austin Avenue bridges;however,local funding will be needed for ADA access connection to sidewalks and trails and other pedestrian elements. PROJECTS COMPLETED IN FY2015  Grace Heritage Assessment / Design PROJECTS PLANNED FOR FY2016  Underground Electric  Pedestrian Signal  Street Lights  Red Poppy Canopy  Tree Replacement  General Repair & Maintenance  Grace Heritage Church Rehabilitation  ADA Sidewalk Repair  Trailheads/Pedestrian Connectivity to Austin Ave bridges  Signature Gateway LONG-RANGE PROJECTS (5-YEAR CIP PLAN)  Underground Electric  Street Lights  Tree Replacement  General Repair & Maintenance  ADA Sidewalk Repair  Trailheads/Pedestrian Connectivity to Austin Ave bridges  Mast Arms Page 12 of 279 Page 13 of 279 Page 14 of 279 Page 15 of 279 Page 16 of 279 Page 17 of 279 Page 18 of 279 Page 19 of 279 Page 20 of 279 Page 21 of 279 Page 22 of 279 Page 23 of 279 Page 24 of 279 Page 25 of 279 Page 26 of 279 Page 27 of 279 Page 28 of 279 Page 29 of 279 Page 30 of 279 Page 31 of 279 Page 32 of 279 Page 33 of 279 Page 34 of 279 Page 35 of 279 Page 36 of 279 Page 37 of 279 Page 38 of 279 Page 39 of 279 Page 40 of 279 Page 41 of 279 Page 42 of 279 Page 43 of 279 Page 44 of 279 Page 45 of 279 Page 46 of 279 Page 47 of 279 Page 48 of 279 Page 49 of 279 Page 50 of 279 Page 51 of 279 Page 52 of 279 Page 53 of 279 Page 54 of 279 Page 55 of 279 Page 56 of 279 Page 57 of 279 Page 58 of 279 Page 59 of 279 Page 60 of 279 Page 61 of 279 Page 62 of 279 Page 63 of 279 Page 64 of 279 Page 65 of 279 Page 66 of 279 Page 67 of 279 Page 68 of 279 Page 69 of 279 Page 70 of 279 Page 71 of 279 Page 72 of 279 Page 73 of 279 Page 74 of 279 Page 75 of 279 Page 76 of 279 Page 77 of 279 Page 78 of 279 Page 79 of 279 Page 80 of 279 Page 81 of 279 Page 82 of 279 Page 83 of 279 Page 84 of 279 Page 85 of 279 Page 86 of 279 Page 87 of 279 Page 88 of 279 Page 89 of 279 Page 90 of 279 Page 91 of 279 Page 92 of 279 Page 93 of 279 Page 94 of 279 Page 95 of 279 Page 96 of 279 Page 97 of 279 Page 98 of 279 Page 99 of 279 Page 100 of 279 Page 101 of 279 Page 102 of 279 Page 103 of 279 Page 104 of 279 Page 105 of 279 Page 106 of 279 Page 107 of 279 Page 108 of 279 Page 109 of 279 Page 110 of 279 Page 111 of 279 Page 112 of 279 Page 113 of 279 Page 114 of 279 Page 115 of 279 Page 116 of 279 Page 117 of 279 Page 118 of 279 Page 119 of 279 Page 120 of 279 Page 121 of 279 Page 122 of 279 Page 123 of 279 Page 124 of 279 Page 125 of 279 Page 126 of 279 Page 127 of 279 Page 128 of 279 Page 129 of 279 Page 130 of 279 Page 131 of 279