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HomeMy WebLinkAboutAgenda_GTEC_06.21.2017Notice of Meeting for the Georgetown Transportation Enhancement Corp and the Gov erning Body of the City of Georgetown June 21, 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 June 2017 GTEC Updates - Wes ley Wright, S ys tems Engineering Direc to r E Pres entatio n o f Georgetown Trans p o rtation Enhanc ement Co rp o ration mo nthly financ ial reports for May 2017. - Leigh Wallac e, Financ e Directo r, COG, F inance Manager, GTEC . Legislativ e Regular Agenda F Co nsideration and possible actio n to approve minutes from the regular GTEC Bo ard meeting held May 17, 2017. David Mo rgan, City Manager – C OG, General Manager - GTEC G Executive Session In c o mp lianc e with the Open Meetings Ac t, Chap ter 551, Government C o d e, Verno n's Texas Co d es , Anno tated, the item lis ted b elo w will b e d is c us s ed in c lo s ed session and is s ub ject to ac tion in the regular session SEC 551.087 Economic Development Tamiro Plaza II SEC 551.072 Deliberation Regarding Real Property Rivery Blvd Ext. P ro ject o P arc el 6 – 1313 Williams Drive H Actio n from Executive S es s io n Page 1 of 38 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 38 City of Georgetown, Texas Transportation Enhancement Corp June 21, 2017 SUBJECT: June 2017 GT EC Up d ates - Wesley Wright, Sys tems Engineering Directo r ITEM SUMMARY: Airport Road: Engineering d es ign 100%: addressing s torm water/water quality, performing environmental investigatio ns fo r c learanc es . R OW doc s ready and awaiting apprais als. WPAP s ubmitted to TC EQ firs t o f 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 98% of ro ad b as e & c rews have ins talled 95% o f c urb and 80% of the 6 fo o t wide s id ewalks . Concrete work on trickle c hannel and S ET o n p o nd to be c ompleted first week o f June. Crews will extend 16” water main then s chedule firs t lift of p aving mid to late June. Northwest Boulevard: Engineering und erway: S ched ule has b een turned into T xDOT for ap p ro val and Advanc ed F und ing Agreement (AFA) preparatio n. Engineering c o mp letion sc heduled FY 2017, ROW acquis ition starting early FY 2018, and c o ns truc tion beginning in late FY 2018. Rabbit Hill Road Improvements: Task Order award ed by Co uncil August 9, 2016. Utility coordination meeting o n 2/21/17. CP &Y s urveying and identifying utility conflicts along route with Final Des ign Plans for review late summer of 2017. Rivery Boulevard - TIA Improvements: Plans at 100%. S ubmitted to T CEQ first of May for WPAP approval. Rivery Boulevard Extension: Offers have b een mad e on 21 p arcels. Clo s ed on 16 p arcels; 4 pend ing contrac t exec ution or final closing p rep aratio n. Enviro nmental as s es s ment c omplete on 9 parc els . Cond emnation proc eed ings have b een req ues ted o n 1 p arcel. Aggres s ive efforts c o ntinue to c lo s e all o uts tand ing p arc els in FY 2017. Co nstruc tio n fund ing proposed fo r FY 2018. 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 38 ATTACHMENTS: Description Type June 2017 GTEC Updates Backup Material Page 4 of 38 Page 5 of 38 Page 6 of 38 Page 7 of 38 Page 8 of 38 Page 9 of 38 Page 10 of 38 Page 11 of 38 Page 12 of 38 City of Georgetown, Texas Transportation Enhancement Corp June 21, 2017 SUBJECT: Presentatio n of Geo rgeto wn Transportation Enhancement Corporatio n monthly financial rep o rts fo r May 2017. - Leigh Wallace, F inance Direc tor, CO G, 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 financial information Sales tax is rec eived two months in arrears; therefo re the revenues reflect only the amo unt received , not actually earned, as o f the rep o rt d ate. A repo rt o n p ayments mad e to vendo rs for the month of May is also inc luded. FINANCIAL IMPACT: N/A SUBMITTED BY: Leigh Wallace, Financ e Directo r, COG, Manager, GT EC ATTACHMENTS: Description Type GTEC MAY 2017 PACKET Backup Material Page 13 of 38 Meeting Date June 21, 2017 Item No. _________ GEORGETOWN TRANSPORTATION ENHANCEMENT CORPORATION AGENDA ITEM COVER SHEET SUBJECT: Presentation of Georgetown Transportation Enhancement Corporation monthly financial reports for May 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 May 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 38     APPROVED  BUDGET    CURRENT PERIOD    YEAR TO DATE  (W/Encumb)    YEAR‐END  PROJECTION   BEGINNING FUND BALANCE    11,022,877               11,022,877                                       Operating Revenue Sales Tax 5,875,000                 550,263                    3,031,250                 6,325,000                  PID Assessments 553,201                     ‐                              ‐                             553,201                     Interest 50,000                       10,728                       101,086                    127,000                     Interlocal Agreement 2,905,356                  ‐                             972,542                    1,750,000                  Miscellaneous ‐                              ‐                             7,539                         7,539                          TOTAL OPERATING REVENUE 9,383,557                 560,991                    4,112,418                 8,762,740                                                    Operating Expenditure Administrative Support 330,895                    27,454                       219,608                    330,895                     TOTAL OPERATING EXPENDITURES 330,895                    27,454                       219,608                    330,895                     TOTAL NET OPERATIONS 9,052,662                 533,537                    3,892,809                 8,431,845                                                 Non‐Operating Revenue Debt Proceeds 6,000,000                 5,750,000                 5,750,000                 6,000,000                  Other Grant Revenue 450,000                     ‐                             61,764                       61,763                        Other Revenue ‐                             342,419                    342,419                     ‐                              TxDot Refund ‐                              ‐                             223,873                    223,873                     TOTAL NON‐OPERATING REVENUE 6,450,000                 6,092,419                 6,378,057                 6,285,636                                     Non‐Operating Expenditure Available for Projects TBD 1,468,750                  ‐                              ‐                              ‐                              Debt Service 3,414,754                 36,470                       615,795                    3,414,754                  FM 971 / Fontana 91,590                        ‐                              ‐                             91,590                        FM1460 Widening 650,000                     ‐                             148,333                    650,000                     IH 35 / HWY29 Intersection 650,000                     ‐                              ‐                             650,000                     Mays St 3,500,000                 496,842                    273,818                    3,500,000                  NB Frontage 2338 to Lakeway ‐                              ‐                              ‐                              ‐                              Pecan Center Dr to Airport Rd (FY15) 6,000,000                 12,500                       609,710                    1,850,000                  Rivery TIA Improvements 1,157,121                 12,175                        ‐                             1,157,121                  Rivery‐Extension Williams Dr to NW Blvd (FY16) 4,000,000                 115,253                    2,089,514                 4,000,000                  SH 29 to RM 2243 SW Bypass ‐                              ‐                             1,932                          ‐                              SW Bypass 2243 to IH35 354,920                     ‐                             20,938                       354,920                     SW Inner Loop 29 to SW Bypass ‐                              ‐                             8                                  ‐                              Williams Drive Gateway ‐                             1,679                          ‐                              ‐                              Wolf Ranch Pkwy Extension 283,350                     ‐                              ‐                             283,350                     TOTAL NON‐OPERATING EXPENDITURE 21,570,485               674,918                    3,760,047                 15,951,735                TOTAL NET NON‐OPERTAIONS (15,120,485)             5,417,501                 2,618,009                 (1,234,254)                 EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL  REQUIREMENTS (6,067,823)                5,951,038                 6,510,819                 7,197,591                  ENDING FUND BALANCE 4,955,054               9,788,623                 RESERVED ENDING BALANCE 1,619,550                 1,619,550                  Georgetown Transportation Enhancement Corporation Fund Year End Projection to Approved as of May 2017 Page 15 of 38 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 Jun 456,529 493,224 522,356 571,069 Jul 371,061 409,739 435,977 478,136 Aug 370,942 392,059 411,552 530,326 Sep 500,787 477,892 500,805 541,513 Total 4,663,277$ 5,114,052$ 5,246,212$ 5,859,373$ 3,482,515$ 225,858$ YTD 2,586,310$ 2,890,850$ 2,992,728$ 3,256,657$ 3,482,515$ 225,858$ 6.94%[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 38 Check Report Summary For the Month Ending May 31, 2017 C.C. Carlton Construction 402,370.76    Mays Street 402,370.76      Chiang, Patel & Yerby, Inc 73,294.00       Mays St 73,294.00         Gardere Wynne Sewell LP 3,035.32         SW Bypass-2243 to IH35 236.00              Rivery Ext 1,152.51           Rivery Ext 1,022.11           Mays Street 624.70              Kasberg, Patrick 39,215.00       Williams Drive Gateway 1,678.60           Rivery Ext 25,036.40         Pecan Center Dr/Airport Rd 12,500.00         Kiddie College 35,348.69       Rivery Ext 26,674.00         Rivery Ext 8,674.69           Longhorn Title Co 63,543.00       Rivery Ext 63,543.00         M & S Engineering 12,174.52       Rivery TIA Improvements 12,174.52         Valley Shades and Play LLC 4,250.00         Rivery Ext 4,250.00           633,231.29   633,231.29      Page 17 of 38 6/12/2017 10:03 AM A/P HISTORY CHECK REPORT PAGE: 5 VENDOR SET: 02 CITY OF GEORGETOWN BANK: JPM JP MORGAN CHASE DATE RANGE: 5/01/2017 THRU 5/31/2017 CHECK CHECK CHECK CHECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 011240 GARDERE WYNNE SEWELL LP I-1269718 APRIL 2017 INVOICES R 5/04/2017 232022 400 9-0980-90-024 SW BYPASS-2243 TO IH35 APRIL 2017 INVOICES 236.00 I-1269719 APRIL 2017 INVOICES R 5/04/2017 232022 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWESTAPRIL 2017 INVOICES 1,152.51 I-1269721 APRIL 2017 INVOICES R 5/04/2017 232022 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWESTAPRIL 2017 INVOICES 1,022.11 I-1269722 APRIL 2017 INVOICES R 5/04/2017 232022 400 9-0980-90-060 MAYS STREET APRIL 2017 INVOICES 624.70 3,035.32 011820 KIDDIE COLLEGE I-CR042417 KIDDIE COLLEGE R 5/04/2017 232023 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWESTKIDDIE COLLEGE 8,674.69 8,674.69 011810 VALLEY SHADES AND PLAY LLC I-CR042417 VALLEY SHADES AND PLAY LLC R 5/04/2017 232024 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWESTVALLEY SHADES AND PL 4,250.00 4,250.00 011820 KIDDIE COLLEGE I-MOVING EXP 5/4/17 KIDDIE COLLEGE R 5/11/2017 232175 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWESTKIDDIE COLLEGE 26,674.00 26,674.00 011700 C.C. CARLTON CONSTRUCTION I-#8 DK - BID# 201618 proj#5RI R 5/25/2017 232535 400 2-0000-20-005 A/P - RETAINAGE DK - BID# 201618 pro 21,177.41CR 400 9-0980-90-060 MAYS STREET BID# 201618 PROJECT 423,548.17 402,370.76 10050 CHIANG, PATEL,& YERBY,INC I-GEOR1400019.03-06 DK - CPY 16-001 R 5/25/2017 232536 400 9-0980-90-060 MAYS STREET CPY 16-001 73,294.00 73,294.00 15381 LONGHORN TITLE CO I-CR052217 LONGHORN TITLE CO R 5/25/2017 232537 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWESTLONGHORN TITLE CO 63,543.00 63,543.00 011690 M & S ENGINEERING I-27171 DK - MSE 16-001 R 5/25/2017 232538 400 9-0980-90-064 RIVERY TIA IMPROVEMENTS MSE 16-001 12,174.52 12,174.52 10090 KASBERG, PATRICK & I-14-130-027 KPA 15-001 E 5/26/2017 999999 400 9-0980-90-053 WILLIAMS DRIVE GATEWAY KPA 15-001 1,678.60 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWEST1ST AMENDMENT 25,036.40 I-16-138-006 DK - KPA 17-001 E 5/26/2017 999999 400 9-0980-90-063 PECAN CENTER DR./ AIRPORT RD. KPA 17-001 12,500.00 39,215.00 Page 18 of 38 6/12/2017 10:03 AM A/P HISTORY CHECK REPORT PAGE: 6 VENDOR SET: 02 CITY OF GEORGETOWN BANK: JPM JP MORGAN CHASE DATE RANGE: 5/01/2017 THRU 5/31/2017 CHECK CHECK CHECK CHECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT * * T O T A L S * * NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT REGULAR CHECKS: 8 594,016.29 0.00 594,016.29 HAND CHECKS: 0 0.00 0.00 0.00 DRAFTS: 0 0.00 0.00 0.00 EFT: 1 39,215.00 0.00 39,215.00 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 ---------------------------------------------------------------------- 400 2-0000-20-005 A/P - RETAINAGE 21,177.41CR 400 9-0980-90-024 SW BYPASS-2243 TO IH35 236.00 400 9-0980-90-053 WILLIAMS DRIVE GATEWAY 1,678.60 400 9-0980-90-060 MAYS STREET 497,466.87 400 9-0980-90-062 RIVERY EXT (WILLIAMS DR -NWEST 130,352.71 400 9-0980-90-063 PECAN CENTER DR./ AIRPORT RD. 12,500.00 400 9-0980-90-064 RIVERY TIA IMPROVEMENTS 12,174.52 *** FUND TOTAL *** 633,231.29 NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT VENDOR SET: 02 BANK: JPM TOTALS: 9 633,231.29 0.00 633,231.29 BANK: JPM TOTALS: 27 633,231.29 0.00 633,231.29 REPORT TOTALS: 27 633,231.29 0.00 633,231.29 Page 19 of 38 6/16/2017 1 FY2018 Annual Budget GTEC Draft Budget 6/21/2017 FY2018 Annual Budget GTEC Budget Process •GTEC  is a “component unit” of the City –GTEC Board recommends budget to City Council –City Council adopts in August/September •Guided by GTEC Fiscal and Budgetary Policy •Transportation Improvement Program (TIP)  adopted annually –5 Year  project plan –Projects meet legal criteria for 4B sales tax and the  voter referendum language –Project timing may be adjusted annually –Last reviewed in April 2017 Page 20 of 38 6/16/2017 2 FY2018 Annual Budget GTEC Budget Process •GTEC budget developed annually –Revenue estimates for  upcoming year –Includes upcoming year of projects from TIP –Debt service –from previously issued 20 year debt  for projects –Administrative costs •Staff, overhead, project management FY2018 Annual Budget Revenue •Sales tax increase of 7.7% for 2017 Projected  Year ‐end and 3.95% for 2018 Budget –Impact is $450K in 2017 and $250K in 2018 •South TIRZ will reimburse 35% of their tax  increment for GTEC fronted funding –Amount will increase annually as TIRZ is built out –To  be determined, bring back in July based on  updated tax roll and rate Page 21 of 38 6/16/2017 3 FY2018 Annual Budget Expenditures •Airport Road  (formerly Pecan  Center) –$6 Million in 2017 budget, issued debt –Design and engineering for  $2.0M, will move  forward –Remainder of project to be determined based on  viable economic development agreements. FY2018 Annual Budget Expenditures •Debt Service Payments –$3.4M in 2018 previously issued debt •Includes most recent issue for Mays Street; HWY 29;  Airport Rd Page 22 of 38 6/16/2017 4 FY2018 Annual Budget Expenditures •Other operating expenses: supplies and training –$1,200 in 2018 •Funding for undetermined projects –Per  fiscal policy, 25% of sales tax revenue appropriated  for  quick reaction to unknown projects –$1.6M in 2018 •Additional Contingency Reserve for economic  downturn, 25% of sales tax revenue –$1.6M in 2018 FY2018 Annual Budget Administrative Contract •In 2017, a one‐time joint Services fund balance  credit was applied Citywide which reduced  GTEC operating expenses for  allocations. •Two  parts of the Allocation: –General Fund (City Manager Office, Public Works,  Etc.)  –Joint Service Fund (Acct, Fin. Admin, Legal, Etc.) •GTEC 2018 Budget: $196,432 + $166,882  =$363,314 Page 23 of 38 400 ‐ GTEC 6/16/2017 8:45:58 AM      FY2016 Actual   FY2017 Budget   FY2017 Projected   FY2018 Base Budget   FY2018 Changes   FY2018 Budget  Beginning Fund Balance              8,528,267              11,022,875                  11,022,875                         9,788,621                                 ‐                 9,788,621  Revenues   FY2016 Actual     FY2017 Budget   FY2017 Projected   FY2018 Base Budget   FY2018 Changes   FY2018 Budget   Sales Tax               5,859,375                 5,875,000                      6,325,000                           6,575,000                                   ‐                  6,575,000  Transfer In                  484,521                     553,201                         553,201                               553,201                                   ‐                      553,201  Interest                    95,774                       50,000                         127,000                               127,000                                   ‐                      127,000  Other                       2,143                                ‐                                7,539                                          ‐                                     ‐                                 ‐    Bond Proceeds            11,217,429                 6,000,000                      6,000,000                                          ‐                                     ‐                                 ‐    TxDot Revenue                              ‐                                  ‐                           223,873                                          ‐                                     ‐                                 ‐    Interlocal Agreement                              ‐                  2,905,356                      1,750,000                                          ‐                                     ‐                                 ‐    Grant Revenue                  943,557                     450,000                            61,763                                          ‐                                     ‐                                 ‐    Grand Total           18,602,799              15,833,557                  15,048,376                         7,255,201                                 ‐                 7,255,201  Expenses   FY2016 Actual     FY2017 Budget   FY2017 Projected   FY2018 Base Budget   FY2018 Changes   FY2018 Budget   Debt Service               2,578,861                 3,414,754                      3,414,754                           3,330,135                                   ‐                  3,330,135  Capital Improvement            13,416,900               18,155,731                    12,536,981                           2,053,750                                   ‐                  2,053,750  General Fund Allocation                    73,534                     180,312                         180,312                               196,432                                   ‐                      196,432  Joint Service Allocation                    50,167                     149,083                         149,083                               166,882                                   ‐                      166,882  Other                          946                         1,500                              1,500                                   1,500                                   ‐                          1,500  Grand Total           16,120,408              21,901,380                  16,282,630                         5,748,699                                 ‐                 5,748,699    FY2016 Actual   FY2017 Budget  FY2017 Projected  FY2018 Base Budget   FY2018 Changes  FY2018 Budget  Ending Fund Balance            11,010,657                 4,955,052                      9,788,621                         11,295,123                                   ‐                11,295,123  CAFR Adjustment                    12,218                                ‐                                       ‐                                            ‐                                     ‐                                 ‐    Contingency 25% of Op Rev               1,474,063                 1,468,750                      1,468,750                           1,643,750                                   ‐                  1,643,750  Reserved Bond Proceeds                              ‐                                  ‐                                       ‐                             4,150,000                                   ‐                  4,150,000  Available Fund Balance              9,548,812                 3,486,302                      8,319,871                           5,501,373                                   ‐                  5,501,373  Page 24 of 38 Row Labels FY2014 Actual FY2015 Actual FY2016 Actual FY2017 Adopted Budget FY2017 YTD FY2017 Projected FY2018 Budget  400‐4‐0901‐47‐100 BOND PROCEEDS ‐                              7,755,000                10,708,263              6,000,000                                     ‐                          6,000,000                        ‐                               400‐4‐0901‐47‐104 PREMIUM ON BOND ISSUANCE ‐                               ‐                             ‐                             ‐                                                 ‐                           ‐                                    ‐                               400‐4‐0901‐47‐105 PREMIUM ON BOND ISSUANCE ‐                               ‐                            509,167                    ‐                                                 ‐                           ‐                               400‐4‐0901‐45‐101 OTHER GRANT REVENUE 2,734,039                  658,985                   943,557                   450,000                                       (189,325)                61,763                              ‐                               400‐4‐0901‐45‐102 TXDOT REFUND ‐                               ‐                             ‐                             ‐                                                223,873                 223,873                           ‐                               400‐4‐0901‐42‐110 DIRECT INTEREST 20,219                        51,202                      72,494                      50,000                                         29,828                   75,000                             75,000                        400‐4‐0901‐42‐209 INTEREST ‐ 2016 BONDS ‐                               ‐                            23,280                       ‐                                                19,104                   52,000                             52,000                        400‐4‐0901‐43‐135 DEVELOPER CONTRIBUTIONS ‐                               ‐                             ‐                             ‐                                                 ‐                           ‐                                    ‐                               400‐4‐0901‐42‐100 ALLOCATED INTEREST ‐                              1,093                         ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐42‐202 INTEREST ‐ 2002 BONDS ‐                               ‐                             ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐42‐203 INTEREST ‐ 2003 BONDS ‐                               ‐                             ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐42‐204 INTEREST ‐ 2004 BONDS ‐                               ‐                             ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐42‐205 INTEREST ‐ 2005 BONDS ‐                               ‐                             ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐42‐206 INTEREST ‐ 2006 BONDS ‐                               ‐                             ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐42‐207 INTEREST ‐ 2007 BONDS 70                                 ‐                             ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐42‐208 INTEREST ‐ 2012 BONDS 6                                   ‐                             ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐42‐210 INTEREST ‐ 2016 BONDS ‐                               400‐4‐0901‐45‐103 INTERLOCAL AGREEMENT ‐                              93,960                       ‐                            2,905,356                                     ‐                          1,750,000                        ‐                               400‐4‐0901‐44‐100 ASSESSMENT REVENUE ‐                               ‐                             ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐44‐105 MISCELLANEOUS REVENUE ‐                              189,672                   2,143                         ‐                                                7,539                     7,539                                ‐                               400‐4‐0901‐44‐361 SALE OF PROPERTY ‐                               ‐                             ‐                             ‐                                                 ‐                           ‐                               400‐4‐0901‐40‐105 SALES TAX 5,114,052                  5,246,213                5,859,375                5,875,000                                    1,602,016              6,325,000                       6,575,000                   400‐4‐0000‐49‐109 TRANSFER IN, SRF 495,638                     489,915                   484,521                   500,000                                        ‐                          500,000                          500,000                      400‐4‐0000‐49‐202 TRANSFER IN, SRF SO GTOWN TIRZ ‐                               ‐                             ‐                            53,201                                          ‐                          53,201                             53,201                        15,833,557                                 1,693,035             15,048,376                     7,255,201                   Page 25 of 38 GTEC Expenses Row Labels FY2014 Actual FY2015 Actual FY2016 Actual FY2017 Adopted Budget FY2017 YTD FY2017 Projected FY2018 Budget  400‐9‐0980‐90‐063 PECAN CENTER DR./ AIRPORT RD.‐                               77,905                         ‐                             6,000,000                                    252,692               1,850,000                        ‐                                400‐9‐0980‐90‐062 RIVERY EXT (WILLIAMS DR ‐NWEST ‐                               89                                2,624,240                4,000,000                                    38,246                 4,000,000                        ‐                                400‐9‐0980‐90‐060 MAYS STREET 103,396                      260,197                      6,910,313                3,500,000                                    2,669,535            3,500,000                        ‐                                400‐6‐0901‐60‐001 TRANSFER OUT ‐ DEBT SERVICE 1,842,672                  1,699,395                  1,672,842                2,575,604                                    553,062               2,575,604                       2,083,891                    400‐9‐0980‐90‐036 ECO DEVO PROJECTS ‐                                ‐                                ‐                             1,468,750                                     ‐                         ‐                                    1,643,750                    400‐9‐0980‐90‐064 RIVERY TIA IMPROVEMENTS ‐                                ‐                               242,879                    1,157,121                                    64,052                 1,157,121                        ‐                                400‐9‐0980‐90‐059 IH 35/ HWY 29 INTERSECTION IMP ‐                                ‐                                ‐                             650,000                                        ‐                        650,000                            ‐                                400‐9‐0980‐90‐061 FM1460 WIDENING ‐                               233,294                      3                                650,000                                        ‐                        650,000                            ‐                                400‐6‐9990‐60‐100 PRINCIPAL REDUCTION 485,000                       ‐                               530,000                    540,000                                        ‐                        540,000                           560,000                       400‐9‐0980‐90‐XXX  TAMIRO IMPROVEMENTS ‐                                                 ‐                                    410,000                       400‐9‐0980‐90‐024 SW BYPASS‐2243 TO IH35 ‐                               378,900                      12,816                      354,920                                       19,227                 354,920                            ‐                                400‐6‐9990‐60‐200 INTEREST EXPENSE 381,959                      349,308                      309,750                    299,150                                        ‐                        299,150                           282,950                       400‐9‐0980‐90‐047 WOLF RANCH PKWY EXTENSION 5,702                           ‐                                ‐                             283,350                                        ‐                        283,350                            ‐                                400‐5‐0902‐51‐970 GENERAL FUND ALLOCATIONS 211,841                      258,069                      73,534                      180,312                                       60,104                 180,312                           196,432                       400‐5‐0902‐51‐969 JOINT SERVICE ALLOCATION 72,000                        77,000                        50,167                      149,083                                       49,696                 149,083                           166,882                       400‐9‐0980‐90‐044 FM 971/ FONTANA (NW BRIDGE) 29,785                        126,158                       ‐                             91,590                                          13,812                 91,590                              ‐                                400‐5‐0902‐51‐630 TRAVEL & TRAINING 614                              175                              365                            1,200                                             ‐                        1,200                               1,200                            400‐5‐0902‐51‐130 ADS, NOTICES, RECORDING FEES 127                              258                              70                              300                                                ‐                        300                                   300                               400‐5‐0902‐51‐110 OFFICE SUPPLIES 631                              421                              512                             ‐                                                 ‐                         ‐                                400‐5‐0902‐51‐330 SPECIAL SERVICES 15,937                        16,643                         ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐014 ROW ‐ 1460 3,087,148                  601,804                      1,097,378                 ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐022 SH 29 TO RM2243 SW BYPASS 22,072                        3,581,228                  1,797,242                 ‐                                                893                        ‐                                400‐9‐0980‐90‐023 SW INNER LP‐29 TO SW BYPASS ‐                               8,585                          8,585                         ‐                                                8                             ‐                                400‐9‐0980‐90‐025 ARTERIAL SE1:INNER LOOP/SH130 133,925                      111,489                      2,183                         ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐029 NE LOOP/LAKEWAY BRIDGE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐030 RIVEROAKS DRIVE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐031 400 MAIN ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐032 RIVER PLACE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐033 SW INNER LOOP ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐034 INNER LOOP,CR 110 INTERSECTION ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐035 WILLIAMS DR WIDENING ‐                               915,891                       ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐037 PARK CENTRAL BLVD ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐038 1102 S. AUSTIN ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐039 400 MAIN ST ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐040 500 S. AUSTIN AVE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐041 501 S. AUSTIN AVE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐042 RIVER PLACE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐043 SE INNER LOOP WIDENDING ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐045 SIERRA RIDGE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐046 TX OUTDOOR POWER EQUIP ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐048 1460 PASS THROUGH FINANCING ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐049 NB FRONT RD (2338 TO LAKEWAY) 116,488                      1,286                           ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐050 SNEAD DRIVE 57,293                        7,619                          46                               ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐051 100 AUSTIN AVE.‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐053 WILLIAMS DRIVE GATEWAY ‐                               419,754                      215                             ‐                                                26,083                  ‐                                400‐9‐0980‐90‐054 TCS/RR EASEMENT ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐055 FM 971/FONTANA(DO NOT USE)‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐057 RIVERY 2,369                           ‐                               721,000                     ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐058 RIVERY/GATEWAY PROJECT ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐6‐0901‐60‐300 BOND ISSUANCE COSTS ‐                               (4,389)                          ‐                              ‐                                                 ‐                         ‐                                400‐6‐9990‐60‐300 BOND ISSUANCE COSTS ‐                               (571,259)                    66,269                       ‐                                                (709)                       ‐                                400‐6‐9990‐60‐302 PAYMENT TO REFUNDING ESCROW ‐                               8,832,210                   ‐                              ‐                                                 ‐                         ‐                                400‐5‐0902‐51‐333 LEGAL FEES ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐5‐0901‐51‐330 SPECIAL SERVICES ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐5‐0902‐51‐310 CONTRACT & LEASES ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐5‐0902‐51‐340 CONTRACTS ‐ OTHER 13,689                         ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐5‐0902‐51‐971 INSPECTION SERVICES ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐5‐0938‐51‐900 DEPRECIATION ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐5‐0980‐51‐349 ONE TIME PROGRAMS ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐5‐0980‐90‐049 NB FRONTAGE (2338 TO LAKEWAY ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐6‐0901‐60‐002 XFER OUT, FUND 120 ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐6‐0901‐60‐003 TRANSFER OUT, UTILITIES ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐6‐9990‐60‐301 HANDLING FEES ‐                                ‐                                ‐                              ‐                                                (0)                           ‐                                400‐9‐0980‐90‐000 SIDEWALKS/CURB & GUTTER ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐001 SIDEWALK ‐ PHASE 1 ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐002 ROW ‐ INNER LOOP (EAST)‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐003 ROW/ANALYSIS FOR I‐35 INN LOOP ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐004 COMPREHENSIVE TRANS PLAN ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐005 FRONTAGE ROAD/OVERPASS ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐006 RIVERY BRIDGE APPROACH ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐007 RIVERY BRIDGE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐008 RIVERY BOULEVARD ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐009 SH29 CONNECTION TO RIVERY BLVD ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐010 ROW ‐ SH 130 ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐011 ROW ‐ INNER LOOP (WEST)‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐012 3RD LANE IH35 FRONTAGE RD ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐013 MAPLE STREET TO INNER LOOP ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐015 ROW ‐ 971 ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐016 COUNTY ROAD 115 ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐017 AIRPORT ROAD RECONSTRUCTION ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐018 WOLF RANCH (REIMBURSED)‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐019 WR: FRONTAGE RD/BRIDGE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐020 WOLF RANCH IMPROVEMENTS ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐021 IND PARK CIRCLE CONNECTOR ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐026 RIVERY / SH 29 CONNECTOR ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐027 TASUS WAY @ SOUTH AUSTIN AVE ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐9‐0980‐90‐028 I35 / WILLIAMS DR INTERSECTION ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐5‐0000‐51‐992 TRANSFER OUT ‐ SRF ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐5‐0000‐51‐998 TRANSFER OUT ‐ UTILITIES ‐                                ‐                                ‐                              ‐                                                 ‐                         ‐                                400‐6‐0901‐60‐XXX TRANSFER OUT ‐ DEBT SERVICE FOR 2017 SPRING DEBT ISSUANCE 403,294                       6,582,647                  17,382,030                16,120,408              21,901,380                                  3,746,700            16,282,630                     5,748,699                    Page 26 of 38 ADMINISTRATIVE SERVICES CONTRACT BETWEEN THE CITY OF GEORGETOWN, TEXAS AND THE GEORGETOWN TRANSPORTATION ENHANCEMENT CORPORATION STATE OF TEXAS § COUNTY OF WILLIAMSON § THIS CONTRACT FOR SERVICES ("Contract") is made by and between the City of Georgetown, 113 East 8th Street, Georgetown, Texas 78626, hereinafter called "City" and the Georgetown Transportation Enhancement Corporation, having its principal business address at 113 East 8th Street, Georgetown, Texas 78626, hereinafter called "Corporation" for the purpose of contracting for administrative services of the staff and employees of the City. WITNESSETH WHEREAS, on May 5, 2001 the City established the Corporation pursuant to Vernon's Rev. Civ. Stat. Ann., Article 5190.6. Section 4(B) to pay the costs of streets, roads, drainage, and other related transportatin system improvements, inlcuding the payment of maintenance and operating expenses associated with such authorized projects. WHEREAS, on October 9, 2001 the City approved the Articles of Incorporation and Bylaws of the Corporation. WHEREAS, Section 3.08 of said Bylaws provide that the City and the Corporation shall execute an administrative services contract for the services to be provided to the Corporation by the City by the general manager, finance manager, Secretary, and other City services or functions, pursuant to Vernon’s Rev. Civ. Stat. Ann. Section 2(4), as amended, which authorizes the Corporation to pay administrative, legal and engineering services expenses which are necessary or incidental to placing a project into operation; and WHEREAS. the City and Corporation desire to contract for administrative services described as follows: the services provided by the City Manager, Finance Director, City Secretary, and the staff and employees of the City's Finance and Administration Division, the Transportation Division, and the City Attorney's Office, Page 27 of 38 AGREEMENT NOW, THEREFORE, the City and Corporation, in consideration of the mutual covenants and agreements herein contained, do hereby mutually agree as follows: ARTICLE I SCOPE OF SERVICES TO BE PROVIDED BY CITY The City will furnish items and perform those services for fulfillment of the Contract as identified in the Bylaws of the Corporation as set forth in bylaws of the corporation. ARTICLE 2 CONTRACT PERIOD This Contract shall begin at the start of business on October 1, 2017 and terminate at the close of business on September 30, 2018 unless extended by written supplemental agreement duty executed by the Corporation and the City prior to the date of termination. Any work performed or cost incurred after the date of termination shall be ineligible for reimbursement. ARTICLE 3 CONTRACT PRICE Corporation shall pay City for the services contemplated herein as follows: 1. For all administrative and legal services, the monthly fee of $30,276.17 as identified in Attachment A. External third party legal services will be billed separately as needed. 2. external third party legal services will be billed separately as needed. The allocation of costs will be identified annually in Attachment A – GTEC Allocation Breakdown ARTICLE 4 PAYMENT PROCEDURES The Corporation shall pay the City $30,276.17 per month on the first of each month, begininng on October 1, 2017, during the term of this Agreement. In addition, the Corporation shall pay for all external legal or other professional services invoices pursuant to the Article 3 within thirty (30) days of receipt. Page 28 of 38 ARTICLE 5 OWNERSHIP OF DOCUMENTS All data, basic sketches, charts, calculations, plans, specifications, and other documents created or collected under the terms of this Contract are the exclusive property of the Corporation and shall be furnished to the Corporation upon request. Release of information shall be in conformance with the Texas Public Information Act. ARTICLE 6 SUSPENSION As authorized by Section 3.08 of the Corporation’s Bylaws, the City may suspend services under this Contract without committing a breach of its terms upon the occurrence of any of the following: (1) The City Manager does not approve of the utilization of any or all services; (2) The City Manager feels the City is not receiving reasonable compensation for any or all services; or (3) The performance of a service materially interferes with the other duties of the affected City personnel. ARTICLE 7 TERMINATION The Contract may be terminated before the stated termination date by any of the following conditions: (1) By mutual agreement and consent, in writing of both parties. (2) By either party, upon the failure of the other party to fulfill its obligations as set forth herein. (3) By either party for reasons of its own and not subject to the mutual consent of the other party, upon not less than thirty (30) days written notice to the other party. The termination of this Contract and Payment of an amount in settlement as prescribed in Article 3, above shall extinguish all rights, duties, and obligations of the City and the Corporation under this Contract. ARTICLE 8 INDEMINIFICATION Corporation's Indemnification. The Corporation agrees, to the extent permitted by law, to save harmless the City and its officers and employees from all claims and liability due to activities of itself, its agents, or employees, performed under this Contract and which are caused by or result from error, omission, or negligent Page 29 of 38 act of the Corporation or of any person employed by the Corporation. The Corporation shall also save harmless the City from any and all expense, including, but not limited to, attorney fees which may be incurred by the City in litigation or otherwise resisting said claim or liabilities which may be imposed on the City as a result of such activities by the Corporation, its agents, or employees. This indemnity shall not include claims based upon or arising out of the willful misconduct of City, its officers or employees. Further, this indemnity shall not require payment of a claim by City or its officers or employees as a condition precedent to City's recovery under this provision. City's Indemnification. The City agrees, to the extent permitted by law, to save harmless the Corporation from all claims and liability due to activities of itself, its agents, or employees, performed under this Contract and which are caused by or result from error, omission, or negligent act of the City or of any person employed by the City. The City shall also save harmless die Corporation from any and all expense, including, but not limited to, attorney fees which my be incurred by the Corporation in litigation or otherwise resisting said claim or liabilities which may be imposed on the Corporation as a result of such activities by the City, its agents, or employees. This indemnity shall not include claims based upon or arising out of the willful misconduct of Corporation, its officers or employees. Further, this indemnity shall not require payment of a claim by Corporation or its officers or employees as a condition precedent to Corporation's recovery under this provision. ARTICLE 9 SEVERABILITY In the event any one or more of the provisions contained in this Contract shall for any reason, be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision thereof and this Contract shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. ARTICLE 10 PRIOR CONTRACTS SUPERSEDED This Contract constitutes the sole and only agreement of the parties hereto and supersedes any prior understandings or written or oral contracts between the parties respecting the subject matter defined herein. Page 30 of 38 ARTICLE 11 NOTICES All notices to either party by the other required under this Contract shall be personally delivered or mailed to such party at the following respective addresses: For City: City Manager City of Georgetown P.O. Box 409 Georgetown, Texas 78626 For Corporation: General Manager Georgetown Transportation Enhancement Corporation P.O. Box 409 Georgetown, Texas 78626 Page 31 of 38 ARTICLE 12 SIGNATORY WARRANTY The undersigned signatory or signatories for the parties hereby represent and warrant that the signatory is an officer of the organization for which he or she has executed this Contract and that he or she has full and complete authority to enter into this Contract on behalf of the firm. The above-stated representations and warranties are made for the purpose of inducing the other party to enter into this Contract. IN WITNESS HEREOF, the City and the Corporation have executed these presents in duplicate on this the ___________day of ________________, 2017. GEORGETOWN TRANSPORTATION ENHANCEMENT CORPORATION By: Printed Name: Title: ATTEST: By: Printed Name: Title: CITY OF GEORGETOWN By: Printed Name: Dale Ross Title: Mayor ATTEST: By: Printed Name: Shelley Nowling Title: City Secretary APPROVED AS TO FORM: Printed Name: Charles McNabb Title: City Attorney Page 32 of 38 Attachment A The GTEC Administrative Allocation for Transportation Administration, Finance and Accounting, and the Legal Deparment totals $363,314 for FY2018. This equates to $30,276.17 per month. Page 33 of 38 City of Georgetown, Texas Transportation Enhancement Corp June 21, 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 May 17, 2017. David Morgan, City Manager – COG, General Manager - GTEC ITEM SUMMARY: Bo ard to review the minutes fro m the meeting held on May 17, 2017 and revis e or ap p ro ve. FINANCIAL IMPACT: n/a SUBMITTED BY: Jana Kern ATTACHMENTS: Description Type Draft Minutes Backup Material Page 34 of 38 Minutes of the Meeting of Georgetown Transportation Enhancement Corporation and the Governing Body of the City of Georgetown, Texas Wednesday, May 17, 2017 The Georgetown Transportation Enhancement Corporation of the City of Georgetown, Texas, met on Wednesday, May 17, 2017 Board Members Present: Jay Warren – President, Joe Pondrom – Secretary, Colin McGahey, Leo Wood, Rachel Jonrowe Board Members Absent: John Hesser – Vice President, Al Hajka, Staff Present: David Morgan, Mike Babin, Wesley Wright, Jana Kern, Paul Diaz, Leigh Wallace, Travis Baird, Laurie Brewer, Nathan Parras Others Present: David Boggs, Jeff & JJ Parker - Citizens Minutes Regular Session A. Call to Order: Mr. Warren called the regular GTEC Board meeting to order on Wednesday, May 17, 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: Working with TxDOT and CAMPO on the Unified Transportation Plan to include the Mobility 35 intersection improvements. At the moment there is funding for the Williams Dr. intersection improvement; and they have programed funding for the Leander Road intersection improvements and potentially the Southeast Inner Loop intersection improvements. D. Project Updates – Wesley Wright P.E., Systems Engineering Director E. Presentation of the Sales Tax. – Paul Diaz – Budget Manger Diaz and Nathan Parras gave the Board a presentation on the Sales Tax F. Presentation of Georgetown Transportation Enhancement Corporation monthly financial report for April 2017. – Leigh Wallace, Finance Director, COG, Finance Manager, GTEC. Legislative Regular Agenda G. Consideration and possible action to approve the minutes from the special GTEC Board meeting held April 19, 2017. – David Morgan, General Manager, GTEC Board Motion by Pondrom second by Wood to approve the minutes as presented. Approved 5-2(Hesser & Hajka absent) Page 35 of 38 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 SEC 551.072 Deliberation Regarding Real Property  Rivery Blvd Ext. Project o Parcel 12 – 601 IH-35 Motion by Pondrom second by McGahey to return to regular session. Approved 5-2(Hesser & Hajka absent) I. Action from Executive Session Motion by Pondrom second by Jonrowe to recommend the purchase of real property from Ralph Stuart, Inc. (Parcel 12), plus closing costs, in connection with the Rivery Boulevard Extension Project, on the terms discussed in Executive Session. Approved 5-2 (Hesser & Hajka absent) Adjournment Motion by Jonrowe seconded by McGahey to adjourn meeting. Approved 5-2 (Hesser & Hajka absent). Meeting adjourned at 4:12 PM Adjournment Approved: Attest: _______________________ ________________________ Jay Warren - President Joe Pondrom – Secretary _________________________ Jana R. Kern – Board Liaison Page 36 of 38 City of Georgetown, Texas Transportation Enhancement Corp June 21, 2017 SUBJECT: Executive Session In compliance with the Op en Meetings Act, C hapter 551, Go vernment Code, Vernon's Texas Codes, Annotated, the item lis ted below will be d is cus s ed in closed s es s io n and is s ubjec t to actio n in the regular s es s io n SEC 551.087 Economic Development Tamiro P laza II SEC 551.072 Deliberation Regarding Real Property Rivery Blvd Ext. Projec t o Parc el 6 – 1313 Williams Drive ITEM SUMMARY: FINANCIAL IMPACT: n/a SUBMITTED BY: Page 37 of 38 City of Georgetown, Texas Transportation Enhancement Corp June 21, 2017 SUBJECT: Ac tion from Exec utive Session ITEM SUMMARY: FINANCIAL IMPACT: n/a SUBMITTED BY: Page 38 of 38