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HomeMy WebLinkAboutAgenda_GTEC_11.15.2017Notice of Meeting for the Georgetown Transportation Enhancement Corp and the Gov erning Body of the City of Georgetown Nov ember 15, 2017 at 3:30 PM at GMC Building - 300-1 Industrial Av e, Georgetown, TX 78626 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. Regular Session (This Regular S es s io n may, at any time, b e rec es s ed to convene an Exec utive S es s io n fo r any p urpose authorized b y the Op en Meetings Act, Texas Go vernment Co d e 551.) A Call to Ord er The Board may, at any time, rec es s the R egular S es s io n to convene in Exec utive S es s io n at the reques t of the Chair, a Board Memb er, the City Manager, As s is tant City Manager, G eneral Manager of Utilities, City Co uncil Member, o r legal c o uns el for any p urpos e authorized b y the Op en Meetings Act, Texas Government C o d e Chapter 551, and are s ubjec t to actio n in the Regular Ses s ion that follows . B Introduction of Vis itors C Ind ustry/C AMP O/TXDOT Updates D No vember 2017 GT EC Up d ates - Wesley Wright, P.E., Systems Engineering Director/Michael Hallmark, CIP Manager. E Pres entatio n o f Georgetown Trans p o rtation Enhanc ement Co rp o ration mo nthly financ ial reports for Oc tober 2017. Leigh Wallac e, Financ e Direc tor, COG, F inance Manager, GT EC . Legislativ e Regular Agenda F Co nsideration and possible actio n to approve minutes from the regular GTEC Bo ard meeting held Augus t 16, 2017. – David Mo rgan, City Manager – C OG, General Manager - GTEC Executiv e Session In compliance with the Op en Meetings Act, C hapter 551, Go vernment Code, Vernon's Texas Codes, Annotated, the items lis ted below will be d is c us s ed in closed s es s io n and are s ubjec t to actio n in the regular s es s io n. G Section 551.072 – Deliberation Regarding Real Property Real Es tate- Parc el 5, Airp o rt Road Projec t (NEC Airport Rd . and Aviatio n Dr.), Approval of Ap p rais al and Initial Offer-Travis Baird , Real Estate S ervic es Co o rd inato r. Page 1 of 28 Adjournment 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 2 of 28 City of Georgetown, Texas Transportation Enhancement Corp November 15, 2017 SUBJECT: Novemb er 2017 GTEC Updates - Wesley Wright, P.E., Systems Engineering Director/Michael Hallmark, CIP Manager. ITEM SUMMARY: Novemb er 2017 C o ver Sheet Airport Road: Engineering d es ign 100% +: addressing s torm water/water quality, performing environmental investigatio ns fo r c learanc es . R o w d o cs read y. WPAP submitted to T CEQ first of May. FM 1460 ROW & Utility Relocations: All water/was tewater utility relo cates have been c o mp leted and are in servic e Three Utility c ompanies have s ubmitted invoic es for reimb ursement – Atmos Energy, ONCOR and Semino le Pipeline Mays St Extension: Counc il – Augus t 9 th; NT P – Octo b er 10, 2016 Council – August 9 th; NTP – October 10, 2016 Op en to full traffic & p artial Retainage Releas e s ubmitted with o nly mino r Punc hLis t Items remain Northwest Boulevard: Engineering und erway: 60% p lans s ubmitted for review, rec eived the fully exec uted AFA 10-20-17 p lans will now be s ub mitted to TxDOT fo r review. Engineering c ompletio n s ched uled 12-17, Enviro nmental Clearance 2-18/ NEPA Clearance 3-18 Ready to Let 3-18. Rabbit Hill Road Improvements: Task Order award ed by Co uncil August 9, 2016. C P&Y surveying and identifying utility c o nflic ts alo ng ro ute with Final Des ign P lans fo r review early fall o f 2017. ROW to be p roc ured late 2017 early 2018 Rivery Boulevard - TIA Improvements: Engineering 95% c o mp lete. S light mo d ification is b eing made to length of added lane to fit with existing features . Modific ations are als o being mad e to Williams d r turn lane to eliminate the need fo r ROW at this lo catio n. TCEQ written WPAP ap p ro val is c omplete for Hintz, Williams and Wo lf Ranc h Pkwy turn lanes . Rivery Boulevard Extension: Plans at 100%. WPAP ap p ro ved. Demo lition c ontrac t fo r struc tures in the R OW to be b id December. Offers have been made o n 21 parc els . Clo s ed o n 16 parc els ; 4 p ending co ntrac t execution or final closing p rep aration. Enviro nmental as s es s ment c o mplete on 9 parc els . Co ndemnatio n p ro ceedings have been req uested on 1 p arc el. Aggres s ive effo rts co ntinue to c lo s e all outstanding parcels in FY 2017. FINANCIAL IMPACT: N/A SUBMITTED BY: Wes ley Wright, P.E., S ystems Engineering Direc to r/Mic hael Hallmark, CIP Manager. Page 3 of 28 ATTACHMENTS: Description Type November 2017 GTEC Updates Backup Material Page 4 of 28 Page 5 of 28 Page 6 of 28 Page 7 of 28 Page 8 of 28 Page 9 of 28 Page 10 of 28 Page 11 of 28 Page 12 of 28 City of Georgetown, Texas Transportation Enhancement Corp November 15, 2017 SUBJECT: Presentatio n of Geo rgeto wn Transportation Enhancement Corporatio n monthly financial rep o rts fo r Octo b er 2017. Leigh Wallace, F inance Direc to r, C OG, Financ e Manager, GTEC. ITEM SUMMARY: The Bylaws o f GTEC (Article V, S ectio n 6.02) req uire the F inance Manager to rep o rt the financ ial ac tivity o f the Corporation to the Bo ard . • Financ ial rep o rts • Sales Tax revenues • Any other relevant financ ial info rmation Sales tax is rec eived two months in arrears; therefo re the revenues reflect only the amo unt received, no t actually earned , as of the rep o rt d ate. A report on payments mad e to vend o rs fo r the mo nth o f Oc tober is also inc lud ed . FINANCIAL IMPACT: N/A SUBMITTED BY: Leigh Wallace, Financ e Directo r, COG, Financ e Manager, GTEC ATTACHMENTS: Description Type October Financial Packet Backup Material Page 13 of 28 Meeting Date November 15, 2017 Item No. _________ GEORGETOWN TRANSPORTATION ENHANCEMENT CORPORATION AGENDA ITEM COVER SHEET SUBJECT: Presentation of Georgetown Transportation Enhancement Corporation monthly financial reports for October 2017. Leigh Wallace, Finance Director, COG, Finance Manager, GTEC. ITEM SUMMARY: The Bylaws of GTEC (Article V, Section 6.02) require the Finance Manager to report the financial activity of the Corporation to the Board. • Financial reports • Sales Tax revenues • Any other relevant financial information Sales tax is received two months in arrears; therefore the revenues reflect only the amount received, not actually earned, as of the report date. A report on payments made to vendors for the month of October is also included. ATTACHMENTS: Monthly Financial Report Sales Tax History Disbursement Report SUBMITTED BY: Leigh Wallace Finance Director, COG Finance Manager, GTEC Page 14 of 28   APPROVED BUDGET  CURRENT PERIOD   YEAR YO DATE  (W/ENCUMB)  YEAR‐END PROJECTION  BEGINNING FUND BALANCE 9,788,621                           9,788,621                            Operating Revenue Sales Tax 6,575,000                            ‐                                       ‐                                        6,575,000                            PID Assessments 553,201                                ‐                                       ‐                                        553,201                                Interest 127,000                               8,957                                  8,957                                    127,000                                Operating Revenue Total 7,255,201                           8,957                                  8,957                                    7,255,201                            Operating Expenditure ‐                                        Administrative Support 364,814                               30,276                                30,276                                  364,814                                Operating Expenditure Total 364,814                              30,276                                30,276                                  364,814                               TOTAL NET OPERATIONS 6,890,387                           (21,319)                              (21,319)                                6,890,387                            Non‐Operating Expenditure Rivery‐Extension Williams Dr to NW Blvd (FY16)‐                                       16,320                                16,320                                   ‐                                        SH 29 to RM 2243 SW Bypass ‐                                       200,000                              203,440                                 ‐                                        Mays St ‐                                       233,150                              235,275                                 ‐                                        Tamiro Improvements 410,000                                ‐                                       ‐                                        410,000                                Available for Projects TBD 1,643,750                            ‐                                       ‐                                        1,643,750                            Debt Service 3,330,135                            ‐                                       ‐                                        3,330,135                            Non‐Operating Expenditure Total 5,383,885                           449,470                             455,055                               5,383,885                            TOTAL NET NON‐OPERATIONS (5,383,885)                          (449,470)                            (455,055)                              (5,383,885)                           EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL  REQUIREMENTS 1,506,502                            (470,788)                               (476,373)                               1,506,502                             ENDING FUND BALANCE 11,295,123                         11,295,123                          RESERVES Contingency 1,643,750                           1,643,750                            Reserved Bond Proceeds 4,150,000                           4,150,000                            Reserves Total 5,793,750                           5,793,750                            AVAILABLE FUND BALANCE 5,501,373                           5,501,373                            Georgetown Transportation Enhancement Corporation Fund Year End Projection to Approved as of October 2017 Page 15 of 28 Variance % Var. Month [a] 2012-13 2013-14 2014-15 2015-16 2016-17 To FY 16 To FY 16 Oct 345,296 367,451 392,374 424,201 458,993 34,792 8.20% Nov 328,333 398,208 411,566 451,065 500,856 49,791 11.04% Dec 470,330 538,728 575,095 592,798 642,167 49,369 8.33% Jan 330,857 357,430 350,778 386,252 440,023 53,771 13.92% Feb 311,562 347,604 356,428 432,468 422,226 (10,242) -2.37% Mar 462,254 457,421 495,804 533,967 549,206 15,239 2.85% Apr 337,678 424,007 410,683 435,906 469,044 33,138 7.60% May 377,648 450,289 382,794 481,672 500,753 19,081 3.96% Jun 456,529 493,224 522,356 571,069 605,936 34,867 6.11% Jul 371,061 409,739 435,977 478,136 619,557 141,421 29.58% Aug 370,942 392,059 411,552 530,326 491,386 (38,940) -7.34% Sep 500,787 477,892 500,805 541,513 575,588 34,075 6.29% Total 4,663,277$ 5,114,052$ 5,246,212$ 5,859,373$ 6,275,735$ 416,362$ YTD 4,663,277$ 5,114,052$ 5,246,212$ 5,859,373$ 6,275,735$ 416,362$ 7.11%[b] Notes: [a] Sales tax revenue from the State Comptroller is received two months in arrears. [b] YTD compared thru current month. Georgetown Transportation Enhancement Corporation $0.00 $100,000.00 $200,000.00 $300,000.00 $400,000.00 $500,000.00 $600,000.00 $700,000.00 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Re v e n u e s Sales Tax  3 Year  Trend 2014‐15 2015‐16 2016‐17 Page 16 of 28 Check Report Summary For the Month Ending October 31, 2017 C.C. Carlton Construction 34,229.25       Mays St 34,229.25         Chiang, Patel & Yerby, Inc 6,441.85         Mays St 6,441.85           Gardere Wynne Sewell LP 11,563.42       SW Bypass 2243 to IH35 SW Bypass SH 29 to 2243 8,555.92           Rivery Ext 383.50              Mays St 2,624.00           Kasberg, Patrick 6,000.00         Rivery Ext 4,500.00           Pecan Center Dr / Airport Rd 1,500.00           Kiddie College 16,319.74       Rivery Ext 16,319.74         Klotz Associates, Inc 130,261.62    FM 971 / Fontana (NW Bridge)104,062.12      NB Front Rd (2338 to Lakeway)26,199.50         M & S Engineering 1,744.32         Rivery TIA Improvements 1,744.32           Williamson County Clerk 433,150.00    SW Bypass SH 29 to 2243 200,000.00      Mays St 233,150.00      639,710.20   639,710.20      Page 17 of 28 11/07/2017 3:27 PM A/P HISTORY CHECK REPORT PAGE: 4 VENDOR SET: 02 CITY OF GEORGETOWN BANK: JPM JP MORGAN CHASE DATE RANGE:10/01/2017 THRU 10/31/2017 CHECK CHECK CHECK CHECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 10990 KLOTZ ASSOCIATES, INC. I-517111 PROFESSIONAL SERVICES R 10/13/2017 236036 400 9-0980-90-044 FM 971/ FONTANA (NW BRIDGE) PROFSSIONAL SERVICES 1,777.60 1,777.60 011690 M & S ENGINEERING I-28815 DK - REPLACE PO 3603928 R 10/13/2017 236037 400 9-0980-90-064 RIVERY TIA IMPROVEMENTS REPLACE PO 3603928 1,744.32 1,744.32 10050 CHIANG, PATEL,& YERBY,INC I-GEOR1400019.03-10 DK - CPY 16-001 R 10/20/2017 236364 400 9-0980-90-060 MAYS STREET CPY 16-001 6,441.85 6,441.85 011240 GARDERE WYNNE SEWELL LP I-1287231 GARDERE WYNNE SEWELL LP R 10/20/2017 236365 400 9-0980-90-022 SH 29 TO RM2243 SW BYPASS GARDERE WYNNE SEWELL 1,357.92 I-1287232 GARDERE WYNNE SEWELL LP R 10/20/2017 236365 400 9-0980-90-060 MAYS STREET GARDERE WYNNE SEWELL 472.00 I-1287233 GARDERE WYNNE SEWELL LP R 10/20/2017 236365 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWESTGARDERE WYNNE SEWELL 383.50 I-1288644 GARDERE WYNNE SEWELL LP R 10/20/2017 236365 400 2-0000-20-006 A/P - OTHER GARDERE WYNNE SEWELL 7,198.00 I-1288645 GARDERE WYNNE SEWELL LP R 10/20/2017 236365 400 2-0000-20-006 A/P - OTHER GARDERE WYNNE SEWELL 2,152.00 11,563.42 10990 KLOTZ ASSOCIATES, INC. I-717053 KAI 10-001 1ST AMENDMENT R 10/20/2017 236366 400 9-0980-90-049 NB FRONT RD (2338 TO LAKEWAY) KAI 10-001 1ST AMEND 15,802.50 I-717054 KAI 14-001 R 10/20/2017 236366 400 9-0980-90-044 FM 971/ FONTANA (NW BRIDGE) KAI 14-001 50,166.67 I-817108 KAI 14-001 R 10/20/2017 236366 400 9-0980-90-044 FM 971/ FONTANA (NW BRIDGE) KAI 14-001 40,969.10 106,938.27 011820 KIDDIE COLLEGE I-102317 KIDDIE COLLEGE R 10/25/2017 236397 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWESTKIDDIE COLLEGE 16,319.74 16,319.74 10990 KLOTZ ASSOCIATES, INC. I-717001B KAI 14-001 R 10/27/2017 236575 400 9-0980-90-044 FM 971/ FONTANA (NW BRIDGE) KAI 14-001 64.97 I-917059 KAI 10-001 1ST AMENDMENT R 10/27/2017 236575 400 9-0980-90-049 NB FRONT RD (2338 TO LAKEWAY) KAI 10-001 1ST AMEND 10,397.00 I-917060 KAI 14-001 R 10/27/2017 236575 400 9-0980-90-044 FM 971/ FONTANA (NW BRIDGE) KAI 14-001 11,083.78 21,545.75 Page 18 of 28 11/07/2017 3:27 PM A/P HISTORY CHECK REPORT PAGE: 5 VENDOR SET: 02 CITY OF GEORGETOWN BANK: JPM JP MORGAN CHASE DATE RANGE:10/01/2017 THRU 10/31/2017 CHECK CHECK CHECK CHECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 10680 WILLIAMSON COUNTY CLERK I-15-1180-CC4 101817 CAUSE NO. 15-1180-CC4 R 10/27/2017 236576 400 9-0980-90-022 SH 29 TO RM2243 SW BYPASS CAUSE NO. 15-1180-CC 200,000.00 200,000.00 10680 WILLIAMSON COUNTY CLERK I-17-0114-CC4 101817 CAUSE NO. 17-0114-CC4 R 10/27/2017 236577 400 9-0980-90-060 MAYS STREET CAUSE NO. 17-0114-CC 233,150.00 233,150.00 011700 C.C. CARLTON CONSTRUCTION I-13 DK - BID# 201618 proj#5RI E 10/27/2017 999999 100 2-0000-20-005 A/P - RETAINAGE DK - BID# 201618 pro 1,801.54CR 400 9-0980-90-060 MAYS STREET BID# 201618 PROJECT 36,030.79 34,229.25 10090 KASBERG, PATRICK & I-14-130-031 NA KPA 15-001 1ST AMEND E 10/20/2017 999999 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWESTKPA 15-001 1ST AMEND 4,500.00 I-16-138-011 DK - KPA 17-001 E 10/20/2017 999999 400 9-0980-90-063 PECAN CENTER DR./ AIRPORT RD. KPA 17-001 1,500.00 6,000.00 * * T O T A L S * * NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT REGULAR CHECKS: 9 599,480.95 0.00 599,480.95 HAND CHECKS: 0 0.00 0.00 0.00 DRAFTS: 0 0.00 0.00 0.00 EFT: 2 40,229.25 0.00 40,229.25 NON CHECKS: 0 0.00 0.00 0.00 VOID CHECKS: 0 VOID DEBITS 0.00 VOID CREDITS 0.00 0.00 0.00 TOTAL ERRORS: 0 ** G/L ACCOUNT TOTALS ** G/L ACCOUNT NAME AMOUNT ---------------------------------------------------------------------- 100 2-0000-20-005 A/P - RETAINAGE 1,801.54CR *** FUND TOTAL *** 1,801.54CR 400 2-0000-20-006 A/P - OTHER 9,350.00 400 9-0980-90-022 SH 29 TO RM2243 SW BYPASS 201,357.92 400 9-0980-90-044 FM 971/ FONTANA (NW BRIDGE) 104,062.12 400 9-0980-90-049 NB FRONT RD (2338 TO LAKEWAY) 26,199.50 400 9-0980-90-060 MAYS STREET 276,094.64 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWEST 21,203.24 400 9-0980-90-063 PECAN CENTER DR./ AIRPORT RD. 1,500.00 Page 19 of 28 11/07/2017 3:27 PM A/P HISTORY CHECK REPORT PAGE: 6 VENDOR SET: 02 CITY OF GEORGETOWN BANK: JPM JP MORGAN CHASE DATE RANGE:10/01/2017 THRU 10/31/2017 ** G/L ACCOUNT TOTALS ** G/L ACCOUNT NAME AMOUNT ---------------------------------------------------------------------- 400 9-0980-90-064 RIVERY TIA IMPROVEMENTS 1,744.32 *** FUND TOTAL *** 641,511.74 NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT VENDOR SET: 02 BANK: JPM TOTALS: 11 639,710.20 0.00 639,710.20 BANK: JPM TOTALS: 19 639,710.20 0.00 639,710.20 REPORT TOTALS: 19 639,710.20 0.00 639,710.20 Page 20 of 28 11/07/2017 3:27 PM A/P HISTORY CHECK REPORT PAGE: 7 SELECTION CRITERIA ------------------------------------------------------------------------------------------------------------------------------------ VENDOR SET: 02-GTEC VENDOR: ALL BANK CODES: All FUNDS: All ------------------------------------------------------------------------------------------------------------------------------------ CHECK SELECTION CHECK RANGE: 000000 THRU 999999 DATE RANGE: 10/01/2017 THRU 10/31/2017 CHECK AMOUNT RANGE: 0.00 THRU 999,999,999.99 INCLUDE ALL VOIDS: YES ------------------------------------------------------------------------------------------------------------------------------------ PRINT OPTIONS SEQUENCE: CHECK NUMBER PRINT TRANSACTIONS: YES PRINT G/L: YES UNPOSTED ONLY: NO EXCLUDE UNPOSTED: NO MANUAL ONLY: NO STUB COMMENTS: NO REPORT FOOTER: NO CHECK STATUS: NO PRINT STATUS: * - All ------------------------------------------------------------------------------------------------------------------------------------ Page 21 of 28 City of Georgetown, Texas Transportation Enhancement Corp November 15, 2017 SUBJECT: Cons id eration and p o s s ib le ac tion to approve minutes fro m the regular GTEC Board meeting held August 16, 2017. – David Morgan, City Manager – COG, General Manager - GTEC ITEM SUMMARY: Bo ard to review the minutes fro m the meeting held on Augus t 16, 2017 and revis e o r approve. FINANCIAL IMPACT: n/a SUBMITTED BY: Jana Kern ATTACHMENTS: Description Type Draft Minutes Backup Material Page 22 of 28 Minutes of the Meeting of Georgetown Transportation Enhancement Corporation and the Governing Body of the City of Georgetown, Texas Wednesday, August 16. 2017 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 Secretary’s Office, at least three (3) 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. Board Members Present: Jay Warren – President, John Hesser – Vice President, Joe Pondrom – Secretary, Al Hajka, Leo Wood, Rachel Jonrowe Board Members Absent: Colin McGahey, Staff Present: David Morgan, Wayne Reed, Mike Babin, Jana Kern, Wes Wright, Octavio Garza, Leigh Wallace, Laurie Brewer, Michaela Dollar, Travis Baird, Paul Diaz Others Present: Jeff Parker – Citizen, Phil Duprey – FTC Architects, Kristina Silcocks - Gardere Minutes Regular Session A. Call to Order: Mr. Jay Warren called the regular GTEC Board meeting to order on Wednesday, August 16, 2017 at 3:30 PM. The Board may, at any time, recess the Regular Session to convene in Executive Session at the President, A Board Member, The City Manager, Assistant City Manager, General Manager of Utilities, City Council Member, and/or legal counsel for any purpose authorized by the Open Meetings Act, Texas Government Code Chapter 551, and are subject to action in the Regular Session that follows. B. Introduction of Visitors C. Industry/CAMPO/TXDOT Updates: There were no updates at this time. D. Project Updates – Wesley Wright P.E., Systems Engineering Director E. Presentation of Georgetown Transportation Enhancement Corporation monthly financial report for July 2017. – Leigh Wallace, Finance Director, COG, Finance Manager, GTEC. Legislative Regular Agenda F. Consideration and possible action to approve the minutes from the special GTEC Board meeting held July 19, 2017. – David Morgan, General Manager, GTEC Board Motion by Wood second by Pondrom to approve the minutes as presented. Approved 6-1(McGahey absent) Page 23 of 28 G. PUBLIC HEARING by the Georgetown Transportation Enhancement Corporation (GTEC) regarding the expenditure of 4B sales tax funds for the proposed Tamiro II Project. – Leigh Wallace, Finance Director, COG, Finance Manager, GTEC Public Hearing opened at 3:39 PM Wayne Reed gave a project overview to the Board. TAMIRO PLAZA Project Overview Date: August 16, 2017 Phase I (Existing) Phase II (Proposed) Incentive ($) from GTEC $571,478 $410,000 Date of Performance Agmt. Approval November 17, 2006 (amended March 2008) TBD… August or September 2017 Development (approximate square feet and residential units) Commercial building containing up to 37K square feet of office, retail and service businesses Mixed use development with 34 residential units above ground floor commercial of 17.5K square feet and a structured parking garage GTEC Finding Expenditures made for rebuilding and upgrading the Owner- Constructed Public Improvements… transportation infrastructure to promote or develop new or expanded businesses that will create and retain 23 jobs on or nearby the property Tamiro Plaza II will promote or develop new or expanded businesses that will create and retain jobs on or nearby the property. Scope of Public Improvements in public ROW Sidewalks, parking, and hardscape on all four block fronts Improvement of roughly 64 on- street parking spaces, of which 32 are net new parking spaces, along with sidewalks and hardscape Timeframe for Construction Construction Commencement… 3/01/2007; Construction Completion… 12/31/2008; and Completion of Public Improvements in ROW… 12/31/2008 Construction Commencement… 10/01/2018 with flexibility for 6 month extension; Construction Completion… 3/01/2020 adjusted if Construction Commencement is delayed; and Completion of Public Improvements in ROW… 3/01/2020 adjusted if Construction Commencement is delayed NOTE about Phase II Figures: The number of residential units in Phase II may change slightly (one or two fewer or more units) as the developer refines the plans and creates construction drawings. The amount of commercial area should remain constant as this is the ground floor area. The number of private parking spaces in the parking garage may change slightly as the design is refined because of technical and functional considerations. Page 24 of 28 Mr. Warren asked if there was anyone in the audience wishing to speak. Seeing none we will now close the public hearing. Motion by Pondrom second by Hajka to close the public hearing. Approved 6-1 (McGahey absent). Public Hearing closed at 3:47 PM Moved into Executive Session at 3:48 PM H. Executive Session In compliance with the Open Meetings Act, Chapter 551, Government Code, Vernon's Texas Codes, Annotated, the item listed below will be discussed in closed session and is subject to action in the regular session. Page 25 of 28 SEC 551.072 Deliberation Regarding Real Property • Parcel 1 (NEC of Lakeway Dr. and Airport Road), Parcel 3 (2301 Airport Road), Parcel 4 (SEC Airport Road and Aviation Dr.), and Parcel 6 (106 Halmar Cove), Discussion of Appraisals and Terms of an Initial Offer, Airport Road Improvement Project. • Weir Property (NL of 2243/Leander Road West of Riverview Drive), Discussion regarding mediation and possible settlement, Southwest Bypass Project. • Parcel 15 (1603 Northwest Boulevard), Discussion of an Appraisal and Amended Offer, Rivery Boulevard Extension Project. Returned to Regular Session at 4:39 PM I. Action from Executive Session: 1. Motion by Pondrom second by Hesser to recommend, on the terms discussed in executive session: (1) the approval of the appraisals, (2) authorization to make initial offers for the purchase of real property, and (3) authorization to purchase real property for said offer amounts plus closing costs, for Parcel 1 (NE Corner of Airport Rd. and Lakeway Dr.), Parcel 3 (2301 Airport Rd.), Parcel 4 (SE Corner of Airport Rd. and Aviation Dr.), and Parcel 6 (106 Halmar Cove), in connection with the Airport Road Project. Approved 6-1 (McGahey absent) 2. Motion Pondrom second by Wood to recommend settlement authority of Cause # 15-1180-CC4, City of Georgetown, Texas vs. A.C. Weir Properties, Ltd., et al, filed in the County Court at Law #4 of Williamson County, Texas, on the terms discussed in Executive Session for the Southwest Bypass Project. Approved 6-1 (McGahey absent) 3. Motion by Pondrom second by Hesser to recommend, on the terms discussed in executive session: (1) the approval of the updated appraisal, (2) authorization to make an amended initial offer for the purchase of real property, and (3) authorization to purchase real property for said offer amount plus closing costs, for Parcel 15, located at 1603 Northwest Boulevard, in connection with the Rivery Boulevard Project. Approved 6-1 (McGahey absent) Adjournment Motion by Jonrowe second by Pondrom to adjourn meeting. Approved 6-1 (McGahey absent). Meeting adjourned at 4:41 PM. Adjournment Page 26 of 28 Approved: Attest: _______________________ ________________________ Jay Warren - President Joe Pondrom – Secretary _________________________ Jana R. Kern – Board Liaison Page 27 of 28 City of Georgetown, Texas Transportation Enhancement Corp November 15, 2017 SUBJECT: Section 551.072 – Del i berati on Regarding Real Property Real Estate- P arc el 5, Airport Ro ad Pro ject (NEC Airp o rt Rd. and Aviation Dr.), Ap p ro val o f Appraisal and Initial Offer-Travis Baird, Real Es tate Servic es Coordinator. ITEM SUMMARY: FINANCIAL IMPACT: N/A SUBMITTED BY: Travis Baird - Real Es tate Services Coordinato r Page 28 of 28