HomeMy WebLinkAboutAgenda_GTEC_04.21.2021Notice of Meeting for the
Georgetown Transportation E nhancement Corp and the Gov erning B ody
of the City of Georgetown
April 21, 2021 at 3:30 P M
at Virtual
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from the me eting.
Regular Session
(T his R egular S es s ion may, at any time, be rec es s ed to c onvene an Exec utive S es s ion for any purpose
authorized by the O pen Meetings Act, Texas G overnment C ode 551.)
A C all to O rder
B Introduc tion of New Board Members and Visitors
C R eview Board/Meeting P roc edures - Noah Koontz, G T EC Board Liais on
D April 2021 G T EC Updates - Wes ley Wright, P.E., S ys tems Engineering Director
E P resentation of G eorgetown Trans portation Enhanc ement C orporation preliminary
monthly financial reports for January 20, 2021. -- Nathan P arras , Assistant F inanc e Direc tor; Leigh
Wallace, F inanc e Direc tor
L egislativ e Regular Agenda
F Nominations and elec tion of P res ident of the G T EC Board cons is tent with S ection 3.02 of the G T EC
Bylaws . – David Morgan – G eneral Manager - G T EC
G Nominations and elec tion of Vic e-P res ident of the G T EC Board cons is tent with S ection 3.02 of the
G T EC Bylaws.--David Morgan-G eneral Manager, G T EC Board
H Nominations and elec tion of S ecretary of the G T EC Board c onsistent with S ec tion 3.02 of the G T EC
Bylaws .--David Morgan-G eneral Manager, G T EC Board
I R eview and pos s ible ac tion related to the Day and Time of G T EC Board Meetings. – Noah Koontz,
G T EC Board Liais on
J C ons ideration and possible approval of the minutes from the January 20, 2021 G T EC Board Meeting. --
Noah Koontz, G T EC Board Liais on
K C ons ideration and p o s s ib le ac tio n to fo rmally terminate an agreement b etween the C ity and G T E C related
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to the funding of the Mays S treet/R abbit Hill project – Laurie Brewer, As s is tant C ity Manager
L P ublic hearing by the G eo rgeto wn Trans p o rtatio n Enhanc ement C orporatio n (G T E C ) regard ing the
expenditure o f 4B sales tax fund s for the p ro p o s ed Titan NorthP ark35 P rojec t – Mic haela Dollar,
Ec onomic Development Direc tor
M E XE C UT IVE S E S S ION
In compliance with the O pen Meetings Act, C hapter 551, G overnment C ode, Vernon's Texas C odes ,
Annotated, the item lis ted below will be disc ussed in closed s es s ion and is subject to ac tion in the regular
session.
Sec. 551.087 Deliberation Regarding Economic Development Negotiations
P rojec t Diana - Michaela Dollar, Economic Development Director
N E XE C UT IVE S E S S ION
In compliance with the O pen Meetings Act, C hapter 551, G overnment C ode, Vernon's Texas C odes ,
Annotated, the item lis ted below will be disc ussed in closed s es s ion and is subject to ac tion in the regular
session.
Sec. 551.087 Deliberation Regarding Economic Development Negotiations
P rojec t Ac cess - Michaela Dollar, Economic Development Director
O C ons ideration and possible action from Executive S ession - P roject Diana -- Mic haela Dollar, Ec onomic
Development Direc tor
P C ons ideration and possible action from Executive S ession - P roject Acc es s -- Michaela Dollar,
Ec onomic Development Direc tor
Ce rtificate of Posting
I, R obyn Densmore, C ity S ecretary for the C ity of G eorgetown, Texas, do hereby c ertify that this Notic e of
Meeting was posted at C ity Hall, 808 Martin Luther King Jr. S treet, G eorgetown, T X 78626, a plac e readily
acc es s ible to the general public as required by law, on the _____ day of _________________, 2021, at
__________, and remained s o posted for at leas t 72 c ontinuous hours prec eding the s cheduled time of said
meeting.
__________________________________
R obyn Dens more, C ity S ec retary
Page 3 of 96
City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
C all to O rder
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Page 4 of 96
City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
Introduction of New Board Members and Vis itors
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Noah Koontz - Board Liais on
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
R eview Board/Meeting P rocedures - Noah Koontz, G T EC Board Liaison
IT E M S UMMARY:
T he following doc uments will be provided, at the meeting, for your referenc e:
Bylaws
R eview:
Attendance P olicy
Q uorum R equirements
S ign in S heet
P arking
Attorney G eneral Trainings - https ://www.texasattorneygeneral.gov/og/open-government-training
1. O pen Meeting Ac t
2. P ublic Meetings Ac t
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
AT TAC H ME N T S:
Description Type
Bylaws Backup Material
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
April 2021 G T EC Updates - Wesley Wright, P.E., S ystems Engineering Direc tor
IT E M S UMMARY:
April 2021 G T E C updates
Northwest Boulevard:
· P reparing for paving eas t s ide, added c hanges to Aus tin Ave. elevations to this project along
with temporary s ignal.
· Travel s urfac e pour on dec k completed
· S idewalks poured ac ros s bridge and bridge rail pour at 95%
· C urbing complete wes t s ide and sidewalks underway
· MS E walls complete, center barrier rec onstruc t complete
· Es timated c ompletion S pring 21
Rabbit Hill Road Improvements:
R eturning to initial projec t limits with the landowner donation of R O W. Engineering new sc hedule to post
for bids is May
S outheast Inner loop/ Southwestern Blvd
S outhwes tern:
· P reparing plan/profile sheets.
· F inalizing S torm C onveyanc e S ys tem for the project
· Evaluating Water Q uality Treatment O ptions ;
· P reparing Utility plan/profile sheets (water/was tewater)
· Identifying utility c onflic ts
R O W needs asc ertained to be forwarded to
Travis by 1-17
S E Inner Loop:
C ontractor working on drainage c ulvert extension North s ide,
Working on grading North s ide and new drainage ins tallation,
Base installation underway North side
S idewalk ins tallation underway
S H 29 Access Improvements :
reengineered electric hookup and installation to begin in April.
S ignal Improvements- Various locations:
Des ign underway for Williams and Es trella inters ection.
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P oles and mast arms being ordered for R oc kride inters ect, low bid in is EART C approved at board and
counc il in March
S hell location being surveyed.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
AT TAC H ME N T S:
Description Type
April GTEC Updates Backup Material
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GTEC Board Meeting Date: Item No.
GEORGETOWN TRANSPORTATION ENHANCEMENT CORPORATION
AGENDA ITEM COVER SHEET
______________________________________________________________________________________________________________________________
_
SUBJECT: April 2021 GTEC Updates - Wesley Wright, P.E., Systems Engineering Director
__________________________________________________________________________________________________________________________________
__
ITEM SUMMARY:
April 2021 GTEC updates
Northwest Boulevard:
• Preparing for paving east side, added changes to Austin Ave. elevations to this project
along with temporary signal.
• Travel surface pour on deck completed
• Sidewalks poured across bridge and bridge rail pour at 95%
• Curbing complete west side and sidewalks underway
• MSE walls complete, center barrier reconstruct complete
• Estimated completion Spring 21
Rabbit Hill Road Improvements:
Returning to initial project limits with the landowner donation of ROW. Engineering new schedule to post
for bids is May
Southeast Inner loop/ Southwestern Blvd
Southwestern:
• Preparing plan/profile sheets.
• Finalizing Storm Conveyance System for the project
• Evaluating Water Quality Treatment Options;
• Preparing Utility plan/profile sheets (water/wastewater)
• Identifying utility conflicts
ROW needs ascertained to be forwarded to
Travis by 1-17
SE Inner Loop:
Contractor working on drainage culvert extension North side,
Working on grading North side and new drainage installation,
Base installation underway North side
Sidewalk installation underway
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SH 29 Access Improvements:
reengineered electric hookup and installation to begin in April.
Signal Improvements- Various locations
Design underway for Williams and Estrella intersection.
Poles and mast arms being ordered for Rockride intersect, low bid in is EARTC approved at
board and council in March
Shell location being surveyed.
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D B Wood widening –
Project No. PRJ000188 TIP No.
April 2021
Project Description Design and preparation of Plans, Specifications, Estimate, Bidding Documents and
construction phase services for DB Wood Widening/Reconstruction from
TxDOT/County SH 29 intersection improvements to just North of Oak Ridge Rd.
Converting from ditch to storm.
Along with expansion of the Bridge at fork of San Gabriel
Purpose To better manage traffic movement.
Project Manager Joel Weaver
Engineer Kimely-Horn and Associates. Inc.
Element Status / Issues
Design Design is underway
Surveying Survey is underway
Environmental/
Archeological
Rights of Way
Utility Relocations TBD
Construction
Other Issues None
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Rabbit Hill Road Improvements Project
(Westinghouse Road to S. Clearview Drive)
Project No. 5RQ TIP No. BZ
April 2021
Project Description Reconstruct Rabbit Hill Road from Westinghouse Road northward to S. Clearview
Dr. Widening along Westinghouse Road will also be included in the schematic for
additional turning lanes to/from Westinghouse Road. The project length along the
anticipated alignment is approximately 0.75 miles
Project Managers Ken Taylor and Wesley Wright, P.E.
Engineer CP&Y, Inc.
Element Status / Issues
Design Engineering complete prepping docs for April posting.
Environmental/
Archeological
Efforts underway and any issues are expected to be identified in the coming
month.
Rights of Way Two properties acquired as part of Mays St. Extension. Two
remaining, negotiations ongoing and Council has approved
condemnation.
Total Parcels: 4
Possession: 2
Pending: 2
Utility Relocations Will be initiated as ROW/easements are acquired and as part of the bidding
process. Multiple relocations expected – Round Rock water and Georgetown
Electric.
Construction Project to go out for bids in May 2021
Other Issues Return to initial project limits with the landowner donation of ROW. Engineering
to get new schedule to letting
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Northwest Boulevard
(Fontana Drive to Austin Avenue)
Project No. 5QX TIP No. AF
April 2021
Project Description Construction of overpass and surface roads to connect Northwest Boulevard with
Austin Avenue and FM 971.
Purpose This project will relieve congestion at the Austin Avenue/Williams Drive
intersection and provide a more direct access from the west side of IH 35 corridor to
Georgetown High School and SH 130 via FM 971.
Project Manager Joel Weaver and Wesley Wright, P.E.
Engineer Klotz Associates
Element Status / Issues
Design Design Complete
Environmental/
Archeological
Complete
Rights of Way ROW Documents are being finalized. All offers have been made. 8 Parcels
required. 5 acquired, 1 in closing, 2 in condemnation.
Utility Relocations TBD
Construction • Preparing for paving east side, added changes to Austin Ave.
elevations to this project along with temporary signal.
• Travel surface pour on deck completed
• Sidewalks poured across bridge and bridge rail pour at 95%
• Curbing complete west side and sidewalks underway
• MSE walls complete, center barrier reconstruct complete
• Estimated completion Spring 21
Other Issues
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SH 29 Access Improvements – Traffic Signal
Project No. PRJ000214 TIP No. None
April 2021
Project Description Design and preparation of Plans, Specifications, Estimate, Bidding Documents and
construction phase services for the proposed corridor improvements along SH-29-
Unversity Avenue between IH35 and Scenic Drive including a right-turn
deceleration lane, auxiliary lane, median improvements, drainage improvements
and traffic signal relocation.
Purpose To better manage traffic movements at the intersection.
Project Manager Joel Weaver
Engineer Kimely-Horn and Associates. Inc.
Element Status / Issues
Design Design is complete
Surveying Survey is complete
Environmental/
Archeological
Rights of Way
Utility Relocations TBD
Construction reengineered electric hookup and installation to begin in April.
Other Issues None
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Signal Improvements – Various Locations
Project No. PRJ000214 TIP No. None
April 2021
Project Description Design and preparation of Plans, Specifications, Estimate, Bidding Documents, and
construction phase services for the construction of signal improvements for the
intersections of Williams Drive & Estrella Crossing, Shell Road & Verde Vista and
SE Inner Loop & Rockride Lane.
Purpose To better manage traffic movements at the intersection.
Project Manager
Engineer KPA
Element Status / Issues
Design Design underway for Williams and Estrella intersection.
Poles and mast arms being ordered for Rockride intersect
Surveying Shell location being surveyed.
Environmental/
Archeological
TBD
Rights of Way TBD
Utility Relocations TBD
Construction Rockride intersection bid- low bidder EARTC
Other Issues None
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Widening of: SE Inner Loop - FM 1460 to Austin Avenue Roadway &
Southwestern Boulevard – Raintree Drive to SE Inner Loop Roadway
April 2021
Project Description FM 1460 to Austin Avenue Roadway Widening Project & Southwestern Boulevard –
Raintree Drive to SE Inner Loop Roadway Widening Project (See Attached Exhibit C). The
professional services will consist of providing final roadway, drainage, water, wastewater,
incidental designs, as well as, utility coordination, ROW support, environmental phase I
investigations, archeological investigations, geotechnical investigations, ROW &
Temporary Construction Easement (TCE) metes and bounds documents, bidding
documents, bidding services, and construction administration services.
Project Managers Joel Weaver and Wesley Wright, P.E.
Engineer KPA & Associates
Element Status / Issues
Design Southwestern:
• Preliminary alignment revised
• Performing Hydrologic and Hydraulic calculations
• ROW needs forwarded to Travis
Environmental/
Archeological
Efforts to begin April 2019 and any issues are expected to be identified in the
coming month.
Utility Relocations To be determined
Construction Contractor working on drainage culvert extension North side,
Working on grading North side and new drainage installation,
Base installation underway North side
Sidewalk installation underway
Other Issues None.
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
P res entation of G eorgetown Transportation Enhancement C orporation preliminary
monthly financ ial reports for January 20, 2021. -- Nathan P arras, As s is tant F inance Director; Leigh
Wallac e, F inance Director
IT E M S UMMARY:
T he Bylaws of G T EC (Article V, S ec tion 6.02) require the F inanc e Manager to
report the financ ial ac tivity of the C orporation to the Board.
• F inancial reports
• S ales Tax revenues
• Any other relevant financ ial information
S ales tax is rec eived two months in arrears; therefore the revenues reflec t only
the amount rec eived, not actually earned, as of the report date. A report on
payments made to vendors for the month of January is als o included.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
AT TAC H ME N T S:
Description Type
Financial Report Backup Material
Pres entation Backup Material
Page 29 of 96
F
GTEC MONTHLY REPORT AS OF MARCH 31, 2021
Operating revenue is comprised of sales tax and allocated
interest. The budget for sales tax collections for GTEC is
$8,255,000. Year-to-date sales tax revenue totals
$3,302,454, or 40.01% of budget. Through this period, sales
tax collections are up $474,776, or 16.79% over year-to-date
collections from the prior fiscal year. The City continues to
see and monitor the strong performance in sales tax.
Operating expenses total $644,034, or 20.34% of budget
through the period. Operating expenses are predominately
made up of administrative expenses and transfers to other
City funds. Administrative expenses include the allocation
for City staff to support the GTEC fund. Year-to-date
administrative expense total $201,081, or 50.00% of budget.
GTEC will transfer out $2,763,242 for their portion of debt that is paid out of the General Debt Service.
Non-Operating revenue, totals $10,600,000, and is made up of bond proceeds. Projects included in this fiscal year
are Aviation Drive, Big C Project, and Confido III. City staff will recognize bond proceeds as part of the upcoming
bond issuance later in the spring.
Non-Operating expense budget totals $26,114,238 in the current year. Year-to-date non-operating expenses total
$780,682, or 2.99% of budget through the period. Non-Operating expenses include funding for strategic
partnerships, capital improvement projects, and debt service payment. GTEC’s debt service payment includes
principal reduction of $620,000, and an interest expense of $219,550. The debt service payment is made annually
in the spring and aligns all other debt service payments for the City. CIP expense totals, $23,076,813 in the current
year. This amount includes the CIP Roll Forward amendment approved by Council in January.
Ending fund balance for FY2021 is anticipated to be $15,567,040. After accounting for the contingency reserve of
$1,984,375, and the debt service reserve of $3,494,232, this fund will have an available fund balance of
$10,178,433.
K
1.0M
2.0M
3.0M
4.0M
01) Oct 02) Nov 03) Dec 04) Jan 05) Feb 06) Mar
SALES TAX
FY2020 FY2021
Page 30 of 96
COG ‐ GTEC Financial Report
Period: Mar‐21
Budget Period
FY2021 Mar‐21
YTD Actuals
w/Encumbrances Variance % of Budget
Beginning Fund Balance 26,022,482 ‐ 26,022,482 ‐ 100.00%
Operating Revenue
40002:Sales Taxes 8,255,000 704,723 3,302,454 (4,952,546) 40.01%
42001:Interest Income 60,000 1,616 16,769 (43,231) 27.95%
Operating Revenue Total 8,315,000 706,339 3,319,223 (4,995,777) 39.92%
Operarting Expense
53001:Public Notices & Recording Fees 300 ‐ ‐ 300 0.00%
53016:Travel Expense 500 ‐ ‐ 500 0.00%
51001:Administrative Expense 402,162 33,514 201,081 201,081 50.00%
51005:Professional Services ‐ ‐ 18,690 (18,690) 0.00%
80001:Transfers Out 2,763,242 ‐ 420,122 2,343,120 15.20%
Operating Expense Total 3,166,204 33,514 644,034 2,522,170 20.34%
Total Net Operations 5,148,796 672,826 2,675,190 (7,517,947) 51.96%
Non‐Operating Revenue
46001:Bond Proceeds 10,600,000 ‐ ‐ (10,600,000) 0.00%
Non‐Operating Revenue Total 10,600,000 ‐ ‐ (10,600,000) 0.00%
Non‐Operating Expense
53009:Strategic Partnership 1,984,375 ‐ ‐ 1,984,375 0.00%
62001:CIP Expense 23,076,813 67,410 670,157 22,406,656 2.90%
Debt Service 1,053,050 ‐ 110,525 942,525 10.50%
Non‐Operating Expense Total 26,114,238 67,410 780,682 25,333,556 2.99%
Net Non‐Operations Total (15,514,238) (67,410) (780,682) 14,733,556 5.03%
Excess (Deficiency) of Total Revenue over Total Requirements (10,365,442) 605,416 1,894,508 (8,470,934) 81.72%
Ending Fund Balance 15,657,040 605,416 27,916,990 43,574,030 56.08%
Reserves
Contingency Reserve 1,984,375 ‐ 1,984,375 ‐ 100%
Debt Service Reserve 3,494,232 ‐ 3,494,232 ‐ 100%
Reserves Total 5,478,607 ‐ 5,478,607 ‐ 100%
Available Fund Balance 10,178,433 22,438,383 12,259,950 45.36%
Actuals Budget Vs. Actuals
Page 31 of 96
GTEC
Financial Summary: March 21
Page 32 of 96
FY2021 FINANCIAL SUMMARY: GTEC
GTEC Revenue
•FY2021 Revenue Budget •Revenue Budget Sources
•The FY2021 revenue budget for
the GTEC is $18.9 million
•99% of budgeted revenue is sales
tax, $8.3 million
•Interest Income accounts for
$60,000
•Bond proceeds total $10.6 million
43.64%
0.32%
56.04%
40002:Sales Taxes
42001:Interest Income
46001:Bond Proceeds
Page 33 of 96
FY2021 FINANCIAL SUMMARY: GTEC
GTEC Revenue
COG ‐ GTEC Financial Report
Period: Mar‐21
Budget
FY2021 Mar‐20 Mar‐21 Variance
%
Variance
Variance from
Budget % of Budget
Operating Revenue
40002:Sales Taxes 8,255,000 2,827,678 3,302,454 474,776 16.79% (4,952,546) 40.01%
42001:Interest Income 60,000 213,571 16,769 (196,801) ‐92.15% (43,231) 27.95%
Operating Revenue Total 8,315,000 3,041,249 3,319,223 277,974 9.14% (4,995,777) 39.92%
Non‐Operating Revenue
46001:Bond Proceeds 10,600,000 ‐ ‐
Non‐Operating Revenue Total 10,600,000 ‐ ‐ ‐ 0.00% (10,600,000) 0.00%
YTD Comparison YTD Budget Comparison
Page 34 of 96
FY2021 FINANCIAL SUMMARY: GTEC
GTEC Revenue
•Sales Tax
•Year ‐to‐date sales tax revenue
totals $3.3 million, 40% of budget
•FY2021 year‐to‐date collections
are 17% more than FY2020 year‐
to‐date collections
•There is a two‐month lag on sales
tax collections.
16.79% 3,302,454
SALES TAX
01) Oct 02) Nov 03) Dec 04) Jan 05) Feb 06) Mar
FY2020 ‐720,080 735,844 1,426,86 2,256,30 2,827,67
FY2021 ‐28,090 811,070 1,597,19 2,597,73 3,302,45
K
1.0M
2.0M
3.0M
FY2020 FY2021
Page 35 of 96
FY2021 FINANCIAL SUMMARY: GTEC
GTEC Expense
•FY2021 Expense Budget •Expense Budget Sources
•The FY2021 expense budget for
the GTEC is $29.3 million
•8% of budgeted expenses are for
operations
•79% of budgeted expenses are for
CIP expense
•9.4% of budget is for transfer out
to other City funds.
•3.6% budget is for debt service
payment
8.15%
9.44%
78.81%
3.60%
Operations
Transfers
CIP Expense
Debt Service
Page 36 of 96
FY2021 FINANCIAL SUMMARY: GTEC
GTEC Expense
COG ‐ GTEC Financial Report
Period: Mar‐21
Budget
FY2021
YTD Actuals
w/Encumbrances:
Mar‐20
YTD Actuals
w/Encumbrances:
Mar‐21 Variance % Variance
Variance from
Budget % of Budget
Operating Expense
51001:Administrative Expense 402,162 204,711 201,081 3,630 ‐1.77% 201,081 50.00%
51005:Professional Services ‐ 264,149 18,690 245,459 ‐92.92% (18,690) 0.00%
53001:Public Notices & Recording Fees 300 ‐ ‐ ‐ 0.00% 300 0.00%
53016:Travel Expense 500 ‐ ‐ ‐ 0.00% 500 0.00%
60004:Capital Outlay ‐ Equipment ‐ 34,777 ‐ 34,777 ‐100.00%‐ 0.00%
60010:Capital Outlay ‐ 995,843 4,140 991,703 ‐99.58% (4,140) 0.00%
80001:Transfers Out 2,763,242 365,150 420,122 (54,973) 15.05% 2,343,120 15.20%
Operating Expense Total 3,166,204 1,864,631 644,034 (61,697) ‐65.46% 2,522,170 20.34%
Non‐Operating Expense
53009:Strategic Partnership 1,984,375 ‐ ‐ ‐ 0.00% 1,984,375 0.00%
55001:Principal Reduction 620,000 ‐ ‐ ‐ 0.00% 620,000 0.00%
55002:Interest Expense 219,550 121,675 110,525 11,150 ‐9.16% 109,025 50.34%
55003:Handling Fees 1,500 750 ‐ 750 ‐100.00% 1,500 0.00%
55004:Bond Issuance Costs 212,000 ‐ ‐ ‐ 0.00% 212,000 0.00%
62001:CIP Expense 23,076,813 136,938 ‐ 136,938 ‐100.00% 23,076,813 0.00%
Non‐Operating Expense Total 26,114,238 259,363 780,682 (376,765) 201.00% 25,333,556 2.99%
YTD Actuals w/Encumbrances Comparison YTD Budget Comparison
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FY2021 FINANCIAL SUMMARY: GTEC
Questions
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
Nominations and election of P resident of the G T EC Board c onsistent with S ec tion 3.02 of the G T EC
Bylaws. – David Morgan – G eneral Manager - G T EC
IT E M S UMMARY:
P er the Bylaws of the G eorgetown Transportation Enhanc ement C o rp o ration Board – “S ec tion 3.02 –
O ffic ers. T he offic ers of the corporatio n s hall be a president, vice pres ident and s ecretary. T he b o ard , at
each annual meeting, s hall elect thes e offic ers . T he b o ard may ap p o int such o ther offic ers as it deems
nec es s ary, who s hall have the authority, and shall p erfo rm such d uties as from time to time may be
pres cribed by the board.”
F IN AN C IAL IMPAC T:
n/a
S UB MIT T E D B Y:
David Morgan - G eneral Manager, G T EC Board
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
Nominations and election of Vice-P resident of the G T EC Board c onsistent with S ec tion 3.02 of the
G T EC Bylaws .--David Morgan-G eneral Manager, G T EC Board
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
David Morgan - G eneral Manager, G T EC Board
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
Nominations and election of S ec retary of the G T EC Board cons is tent with S ection 3.02 of the G T EC
Bylaws.--David Morgan-G eneral Manager, G T EC Board
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
David Morgan - G eneral Manager, G T EC Board
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
R eview and possible action related to the Day and Time of G T EC Board Meetings . – Noah Koontz,
G T EC Board Liaison
IT E M S UMMARY:
P er the G T EC Bylaws Section 2.03 Time & Date of Regular Meeting. T he board shall meet on a
regular basis, at a s pecified time, day and loc ation as approved annually by the board. All meetings shall be
called and held in acc ordanc e with the Texas O pen Meetings Act, C hapter 551, G overnment C ode, as
amended. T he pres ident of the board may cancel the meeting if there is no busines s to be conduc ted.
Currently, the GT E C Board meets on the third Wednesday of each month at 3:30 P M.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Noah Koontz, G T EC Board Liaison
AT TAC H ME N T S:
Description Type
Dates Backup Material
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GEORGETOWN TRANSPORTATION ENHANCEMENT
CORPORATION (GTEC)
Meeting Schedule
March 2021 – February 2022
All Regular Meetings will be held on the third Wednesday of every month at 3:30 p.m. at the
Georgetown Municipal Complex, located at 300-1 Industrial Avenue or virtual through Zoom as
needed.
Please contact Noah Koontz at 512-930-6556 if you have any questions regarding meeting dates
or times.
MARCH 17, 2021
APRIL 21, 2021
MAY 19, 2021
JUNE 16, 2021
JULY 21, 2021
AUGUST 18, 2021
SEPTEMBER 15, 2021
OCTOBER 20, 2021
NOVEMBER 17, 2021
DECEMBER 15, 2021
JANUARY 19, 2022
FEBRUARY 16, 2022
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
C onsideration and pos s ible approval of the minutes from the January 20, 2021 G T EC Board Meeting. --
Noah Koontz, G T EC Board Liaison
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Noah Koontz, G T EC Board Liaison
AT TAC H ME N T S:
Description Type
Minutes Backup Material
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Board Members Present: John Marler - Chair, Mike Triggs, Steve Fought, Colin
McGahey, Al Hajka
Board Members Absent: Bob Whetsell, Keith Fruge
Staff Present: David Morgan, Michaela Dollar, Noah Koontz, Wesley Wright, Nathan
Parras
Others Present: None
Minutes
Minutes of the Meeting of
Georgetown Transportation Enhancement Corporation
and the Governing Body of the
City of Georgetown, Texas
Wednesday, January 20,
2021
The Georgetown Transportation Enhancement Corporation of the City of Georgetown, Texas,
met on Wednesday, January 20, 2021.
Regular Session:
(This Regular Session may, at any time, be recessed to convene an Executive Session for any
purpose authorized by the Open Meetings Act, Texas Government Code 551.)
A. Call to Order: Meeting was called to order at 3:30 PM by John Marler
B. January 2021 GTEC Updates - Wesley Wright, P.E., Systems Engineering
Director/Michael Hallmark, CIP Manager. Wright gave updates which are included in
the packet.
C. Presentation of Georgetown Transportation Enhancement Corporation preliminary
monthly financial reports for October 2020. -- Leigh Wallace, Finance Director; Laurie
Brewer Assistant City Manager. Parras gave presentation which is included in the
packet.
Legislative Regular Agenda:
D. Consideration and possible approval of the minutes from the November 18, 2020
GTEC Board Meeting. -- David Morgan - General Manager, GTEC Board
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Adjournment
Motion by Hajka to approve minutes, second by McGahey.
Roll call vote
Marler – yes
Triggs – yes
Fought – yes
McGahey – yes
Hajka – yes
Approved 5-0 (Whetsell, and Fruge – absent)
E. Set a Public hearing for February 17, 2021 by the Georgetown Transportation
Enhancement Corporation (GTEC) regarding the expenditure of 4B sales tax funds
for the proposed Titan NorthPark35 Project. - Michaela Dollar, Economic
Development Director
Motion by Triggs to approve minutes, second by Hajka.
Roll call vote
Marler – yes
Triggs – yes
Fought – yes
McGahey – yes
Hajka – yes
Approved 5-0 (Whetsell, and Fruge – absent)
ADJOURNMENT:
MOTION by Hajka, second by Marler to adjourn the meeting.
Roll call vote
Marler – yes
Triggs – yes
Hajka – yes
Fought – yes
McGahey - yes
Approved 5-0 (Whetsell and Fruge – absent
Meeting adjourned at 3:50 PM.
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Approved: Attest:
John Marler - President Keith Fruge – Secretary
Noah Koontz – Board Liaison
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
C onsideration and p o s s ib le actio n to formally terminate an agreement b etween the C ity and G T E C related
to the funding of the Mays S treet/R abbit Hill projec t – Laurie Brewer, Assistant C ity Manager
IT E M S UMMARY:
T he 2016 fund ing agreement was intend ed to reimburs e G T EC fo r the d eb t s ervic e that funded $10.65M
of bond s issued for the c o ns truc tion o f the extension of Mays S treet/R ab b it Hill R o ad through the us e of
property taxes from additional value c onstruc ted in the zone.
In June 2018, during the G T EC fis cal year bud get disc ussion, the C ity Manager o utlined the G T EC ’s
financial c ond ition and its ab ility to fund the debt s ervic e o n the projec t witho ut reimb ursement from the
T I R Z, as well as G T EC ’s o ngo ing capac ity to fund ad d itional trans portation p ro jects . T he b o ard agreed
that the G T EC ’s purpose was to inves t in trans portation projects for economic development and that it
would be ap p ro p riate to have the property taxes within the zone go bac k to the C ity’s G eneral F und to
provide s ervic es , s uc h as public s afety and street maintenance.
T he bud get p ro c es s for the pas t three years has continued to fund all G T E C d eb t service related to
economic d evelopment trans p o rtatio n p ro jects ; however this agreement was never formally terminated.
T he C ity is working to wards dissolving the S outh G eo rgeto wn T I R Z and approval o f this termination
would aid in the legal review of the dis s olution.
F IN AN C IAL IMPAC T:
T he d eb t annual s ervic e, which is currently fund ed in the G T E C ’s annual bud get is an average of
$730,000. T here is no additional financial impact to G T EC .
S UB MIT T E D B Y:
Danella Elliott
AT TAC H ME N T S:
Description Type
Agreement - City-GTEC related to SGTTIRZ and Mays Str/Rabbit
Hill
Backup Material
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
P ublic hearing by the G eorgetown Transportation Enhanc ement C orporatio n (G T EC ) regarding the
expenditure o f 4B s ales tax fund s for the proposed Titan NorthP ark35 P rojec t – Michaela Dollar,
Economic Development Director
IT E M S UMMARY:
S tate Law (Loc al G o vernment C o d e 505.159) req uires G T EC to provid e p ublic notice and ho ld a public
hearing o n the proposed p ro jec ts to be fund ed with the 4B s ales tax. T he req uired notic e was p ublished in
the Williamson C ounty S un on Wednesday, F ebruary 10, 2021.
T he public hearing will be c onducted by the G T EC Board of Directors .
F IN AN C IAL IMPAC T:
$8,000,000 to be funded in F Y2021
S UB MIT T E D B Y:
S haron P arker
AT TAC H ME N T S:
Description Type
Titan North Park 35 GTEC Public Hearing Pres entation
Copy of the Public Hearing Notice Backup Material
Executed Contract Backup Material
Page 59 of 96
Titan NorthPark35
Georgetown Transportation Enhancement Corporation
Public Hearing
February 17, 2021
Page 60 of 96
•Titan Development is one of the Southwest’s largest and most active, vertically integrated real estate developers.
•Titan offers development and construction services for multifamily, mixed use, office, industrial, and retail real estate.
•Founded in 1999 with offices in New Mexico and Texas, Titan has multiple projects along the I-35 corridor.
Company Profile
Page 61 of 96
Project Description
•Titan plans to develop approximately 150 acres located at I-35 and Toll 130 into a business park called NorthPark35.
•This will be the City’s first master-planned Class A industrial park.
•The first phase of the business park will include two ~150,000 SF buildings, totaling more than 300,000 SF along with a planned third building.
•A critical element to the development is accessibility and infrastructure associated with the extension of Aviation Drive, as shown in the City’s Overall Transportation Plan.
Page 62 of 96
No
r
t
h
P
a
r
k
3
5
C
o
n
c
e
p
t
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City Strategy
•The City’s 2030 Comprehensive Plan identified proactive infrastructure investment to encourage targeted development as a strategy for growth.
•This area is identified in the City’s Future Land Use map as a mix of regional commercial and employment center due to it’s connectivity.
•The Economic Development Strategic Plan’s fourth strategic goal is to encourage speculative development.
•Target industries for economic development include advanced manufacturing, professional services, and life sciences, all of which are well-suited for this site.
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GTEC Incentive
Incentive Amount
Road Reimbursement Grant
Paid from the Type B Corporation sales tax fund
*Includes the cost of engineering design.
$8,000,000
Grants will be paid in three installments, for the reimbursements of qualified expenditures.
Page 65 of 96
Incentive Requirements
•Invest a minimum of $15,000,000 in capital expenditures;
•Construct a minimum of 300,000 square feet of industrial development in Phase I of the park;
•Construction of the road extension with utilities within 24 months; and
•Approval of a master plan for the park with restricted uses and design standards in place.
Page 66 of 96
Date: January 27, 2021
To: Williamson County Sun
From: Michaela Dollar- Economic Development – 512-930-3688
Subject: Public Hearing Notice
Please publish a border ad for the following Public Hearing Notice in the Wednesday, February 10, 2021 edition
of the Williamson County Sun.
City of Georgetown
Attn: Michaela Dollar
P.O. Box 409
Georgetown, TX 78627-0409
Please send proof and cost and we will send the PO #
GEORGETOWN TRANSPORTATION ENHANCEMENT CORPORATION
NOTICE OF PUBLIC HEARING
Wednesday, February 17, 2021 at 3:30pm
Virtual Meeting – Visit agendas.georgetown.org to view meeting information
In accordance with Local Government Code 505.159, the Georgetown Transportation
Enhancement Corporation will hold a public hearing regarding the expenditures of 4B sales
taxes not to exceed Fiscal Year 2021 proposed transportation improvement plan.
Proposed projects to be funded FY2021 Estimated Amount
Titan NorthPark35 – Aviation Drive Extension Construction $8,000,000
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
E XE C UT IVE S E S S IO N
In c omplianc e with the O pen Meetings Ac t, C hapter 551, G overnment C ode, Vernon's Texas C odes,
Annotated, the item listed below will be dis cus s ed in c los ed session and is s ubjec t to action in the regular
s es s ion.
S ec. 551.087 Deliberation Regarding Economic Development Negotiations
P roject Diana - Mic haela Dollar, Ec onomic Development Direc tor
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Page 93 of 96
City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
E XE C UT IVE S E S S IO N
In c omplianc e with the O pen Meetings Ac t, C hapter 551, G overnment C ode, Vernon's Texas C odes,
Annotated, the item listed below will be dis cus s ed in c los ed session and is s ubjec t to action in the regular
s es s ion.
S ec. 551.087 Deliberation Regarding Economic Development Negotiations
P roject Acc es s - Mic haela Dollar, Ec onomic Development Direc tor
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
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City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
C onsideration and pos s ible ac tion from Exec utive S es s ion - P rojec t Diana -- Michaela Dollar, Economic
Development Director
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Page 95 of 96
City of Georgetown, Texas
Transportation Enhancement Corp
April 21, 2021
S UB J E C T:
C onsideration and pos s ible ac tion from Exec utive S es s ion - P rojec t Ac cess -- Mic haela Dollar, Ec onomic
Development Director
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
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