HomeMy WebLinkAboutAgenda_GVPID_06.13.2022Notice of Meeting for the
Georgetown Village P ublic I mprov ement District
of the City of Georgetown
June 13, 2022 at 6:00 P M
at P ublic Safety Operations & Training Center, 3500 D.B . Wood Road, Georgetown,
T X. 7862
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Texas at 711.
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 P ledge of Allegianc e - Marlene Mc Michael, C hair
C S taff update related to the lands cape improvement project for S hell R oad lands cape s creening, entry
monument landsc aping, and Bellaire s treet trees . – Eric Nuner, Assistant P arks and R ec reation Direc tor
D S taff update on the c itywide landsc ape maintenanc e c ontract. Eric Nuner, As s is tant P arks and
R ec reation Direc tor
E G eorgetown Village P ublic Improvement Dis tric t (G VP I D) quarterly financ ial report for the month of
June, 2022 - Nathan P arras, As s is tant F inance Director
F Disc ussion on the annual S ervic e and As s es s ment P lan (S AP ), including the 5-year S ervice P lan,
Assessment R oll and Budget – Allison S nyder, P artner, P 3Works , LLC – C ity of G eorgetown’s P I D
Adminis trator
P ublic Wishing to Address the B oard
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cons iders that item.
O n a s ubjec t not posted on the agenda: P ersons may add an item to a future Board agenda by filing a written
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Page 1 of 35
L egislativ e Regular Agenda
H C ons ideration and possible action to approve the Minutes for the R egular Board Meeting May 09, 2022 -
C indy Medrano, Board Liais on
Adjournment
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 _________________, 2022, 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 2 of 35
City of Georgetown, Texas
Georgetown Village Improvement District
June 13, 2022
S UB J E C T:
S taff update related to the landsc ape improvement projec t for S hell R oad landsc ape sc reening, entry
monument lands caping, and Bellaire street trees. – Eric Nuner, As s is tant P arks and R ecreation Director
IT E M S UMMARY:
Improvements to lands caping along S hell R oad and s treet trees along Bellaire are included in the F Y2022
G VP I D S ervice and Assessment P lan(S AP ). An update was pres ented to the G VP I D Board in
November 2021 to gather input to finalizing c onstruc tion plans . T he cons truction plans were completed
and approved by P lanning and Zoning C ommission on March 15, 2022. Bidding occ urred in May with a
bid opening on May 24, 2022. No bids were rec eived. T his projec t can be rebid at a future date in
F Y2022 or held to be rebid with a F Y2023 S AP park improvement project in the G VP I D.
F IN AN C IAL IMPAC T:
.
S UB MIT T E D B Y:
C indy Medrano, Board Liaison
Page 3 of 35
City of Georgetown, Texas
Georgetown Village Improvement District
June 13, 2022
S UB J E C T:
S taff update on the citywide lands cape maintenance contrac t. Eric Nuner, Assistant P arks and R ec reation
Director
IT E M S UMMARY:
T he c urrent citywide lands cape maintenance contrac t has been extended through July 31, 2022. T his
extension includes all existing areas in the G VP I D. T he new citywide lands cape maintenance contrac t is
currently being bid with the bid opening on June 23, 2022. T he bid inc ludes the level of s ervic e
enhanc ements previously disc ussed with the G VP I D Board. T he enhancements inc lude overseeding with
rye grass along the S hell R oad frontage, inc reas ing to weekly maintenanc e c yc les from Marc h through
O c tober, bi-weekly cycles from November through F ebruary, and s idewalk edge mowing along R O W.
A bid award through C ity C ouncil is sc heduled for July and will be completed as a c omprehens ive
citywide proc es s with the contrac t beginning in Augus t. S taff will update the board on the outcome of the
bid at a future G VP I D advis ory board meeting.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
C indy Medrano, Board Liaison
Page 4 of 35
City of Georgetown, Texas
Georgetown Village Improvement District
June 13, 2022
S UB J E C T:
G eorgetown Village P ublic Improvement District (G VP I D) quarterly financial report for the month of
June, 2022 - Nathan P arras , Assistant F inanc e Direc tor
IT E M S UMMARY:
P res entation of the financ ial report for the month of June 2022.
F IN AN C IAL IMPAC T:
.
S UB MIT T E D B Y:
Nathan P arras , Assistant F inanc e Direc tor
AT TAC H ME N T S:
Description Type
Q2 Pres entation Pres entation
Q2 Report Backup Material
Page 5 of 35
VILLAGE PID
QUARTERLY FINANCIAL REPORT
Page 6 of 35
2
QUARTERLY FINANCIAL REPORT
VPID
•Revenue Budget Sources
•The FY2022 revenue budget for the Village PID is
$523,274
•99.8%, or $522,274 of budgeted revenues is from
Property Tax
•Interest Income is budgeted at $1,000
Page 7 of 35
3
QUARTERLY FINANCIAL REPORT
VPID
COG - Village PID Financial Report
Quarterly Comparison: Q1 FY22 Budget
FY2022 YTD Actuals: Q2
FY21
YTD Actuals: Q2
FY22 Variance % Variance Variance %Variance
Revenue
40001:Property Taxes 522,274 444,931 499,536 (22,738) 95.65%54,604 12.27%
42001:Interest Income 1,000 1,229 187 (813) 18.68%(1,042) -84.80%
Revenue Total 523,274 446,160 499,723 (23,551) 95.50%17,543 12.01%
FY2022 FY2021
FY2022 Year-to-date:
Budget Vs. Actuals Quarterly Comparison
Page 8 of 35
4
QUARTERLY FINANCIAL REPORT
VPID
•Expense Budget Sources
•The FY2022 expense budget for Village
PID is $935,650
•Capital Outlay –Improvements expense
budget totals $520 thousand, 56% of
expense budget
•Contracts and Leases totals $179
thousand, 19% of expense budget
•Maintenance Expense totals $98
thousand, 10% of expense budget
Page 9 of 35
5
QUARTERLY FINANCIAL REPORT
VPID
COG - Village PID Financial Report
Quarterly Comparison: Q1 FY22 Budget
FY2022 YTD Actuals:
Q2 FY21
YTD Actuals:
Q2 FY22 Variance % of Budget Variance % Variance
Expense
53004:Insurance Expense 1,030 - - 1,030 0.00%- 0.00%
51001:Administrative Expense 37,651 25,717 18,826 18,825 50.00%6,891 26.80%
51002:Publishing & Printing 2,163 - - 2,163 0.00%- 0.00%
51004:Contractual Services 20,600 20,000 20,000 600 97.09%- 0.00%
51005:Professional Services - 325 - - 0.00%325 0.00%
51007:Contracts & Leases 178,705 103,591 137,506 41,199 76.95%(33,915) -24.66%
51008:Utilities 57,680 25,631 31,775 25,905 55.09%(6,143) -19.33%
52501:Office Supplies - 79 - - 0.00%79 0.00%
52509:Maintenance Expense 97,596 31,308 3,476 94,120 3.56%27,833 800.77%
60004:Capital Outlay - Equipment 19,789 - 19,789 - 100.00%(19,789) -100.00%
60009:Capital Outlay - Improvements 520,436 108,728 46,500 473,936 8.93%62,228 133.82%
Expense Total 935,650 315,379 277,871 657,779 29.70%37,508 11.89%
FY2022 Year-to-date:
Budget Vs. Actuals FY2021 FY2022 Quarterly Comparison
Page 10 of 35
F
VILLAGE PID MONTHLY REPORT AS OF MARCH 31, 2022
Revenues are comprised of property tax and
allocated interest. The City receives the bulk of
property tax revenues in January and February.
The City anticipates receiving $522,274 in
property tax revenue this year, as well as $1,000 in
allocated interest.
Year-to-date, property tax revenue totals
$499,536, or 95.65% of budget. Property tax
revenue year-to-date is up -12.27%, or $54,604
compared to this time last year. There are
multiple factors such as payment collections,
collection rates, and protested values that can affect property tax revenue.
Expenses include administrative charges, capital, contractual services, insurance,
maintenance, and marketing. Year-to-date operational expenses with encumbrances total
$277,871 or 29.70% of budget. The Parks Department has contracted for Parks Capital
Improvements which total $46,500 year to date.
Ending Fund Balance
For FY2022, it is budgeted that the Village PID will have an ending fund balance of $290,143.
After accounting for the contingency reserve of $113,053, this fund will have an available fund
balance of $177,090.
K
250K
500K
Q1 Q2
PROPERTY TAX
REVENUES
FY2021 FY2022
Page 11 of 35
F
Fund Schedule:
COG - Village PID Financial Report
Period: Mar-22 Budget Current Period Budget Vs. Actuals
FY2022 Mar-22 YTD Actuals
w/Encumbrances Variance % of Budget
Beginning Fund Balance 702,519 702,519 - 100.00%
Revenue
40001:Property Taxes 522,274 4,442 499,536 (22,738) 95.65%
42001:Interest Income 1,000 43 187 (813) 18.68%
Revenue Total 523,274 4,485 499,723 (23,551) 95.50%
Expense
53004:Insurance Expense 1,030 - - 1,030 0.00%
51001:Administrative Expense 37,651 3,138 18,826 18,825 50.00%
51002:Publishing & Printing 2,163 - - 2,163 0.00%
51004:Contractual Services 20,600 1,250 20,000 600 97.09%
51005:Professional Services - - - - 0.00%
51007:Contracts & Leases 178,705 10,894 137,506 41,199 76.95%
51008:Utilities 57,680 3,565 31,775 25,905 55.09%
52509:Maintenance Expense 97,596 - 3,476 94,120 3.56%
60004:Capital Outlay - Equipment 19,789 - 19,789 - 100.00%
60009:Capital Outlay - Improvements 520,436 - 46,500 473,936 8.93%
Expense Total 935,650 18,846 277,871 657,779 29.70%
Excess (Deficiency) of Total Revenue
over Total Requirements (412,376) (14,361) 221,852 (634,228) -53.80%
Ending Fund Balance 290,143 (14,361) 924,371 634,228 318.59%
Reserves
Contingency Reserve 113,053 - 113,053 - 100.00%
Debt Service Reserve - - - - 0.00%
Reserves Total 113,053 113,053 - 100.00%
Available Fund Balance 177,090 - 811,318 634,228 458.14%
Page 12 of 35
City of Georgetown, Texas
Georgetown Village Improvement District
June 13, 2022
S UB J E C T:
Dis cus s ion on the annual S ervice and Assessment P lan (S AP ), inc luding the 5-year S ervic e P lan,
As s es s ment R oll and Budget – Allis on S nyder, P artner, P 3Works, LLC – C ity of G eorgetown’s P I D
Administrator
IT E M S UMMARY:
T his item will be a disc ussion regarding the G eorgetown Village P I D’s annual assessment, whic h is set in
the c urrent F is cal Year 2022 (F Y22) at $0.14 per $100 in as s es s ed valuation. Bas ed on the May meeting,
the proposed projects for F Y23 are to be presented in multiple sc enarios inc luding annual as s es s ment at
$0.14, $0.13 and $0.12 c ents per $100 in assessed valuation. T he aim of this disc ussion is to recognize the
known c apital improvements, whic h were previous ly approved by the Board during the F Y22 budget
process, and review the annual assessment options in order for the P I D to fund the budget over the next 5
years. (see attachments )
O nce the Board provides staff and P 3 with direc tion on the annual as s es s ment and budget sc enario to
move forward with, staff will return to the board meeting with the F Y23 5-year S AP and layer in the C I P
projects to illus trate how the projec ts can be funded by the fund balance. T he S AP will inc lude the
propos ed As s es s ment R oll bas ed on preliminary values provided by W C AD.
Q ues tions for the Board:
1. W hat annual as s es s ment and budget sc enario does the Board want to inc lude in the P reliminary
S ervic e and As s es s ment P lan?
F IN AN C IAL IMPAC T:
T he O perations and Maintenance as s es s ment will be levied annually on all parcels of assessed property to
pay for O perations and Maintenance costs .
In no event will the O perations and Maintenanc e assessment exc eed the C ity’s ac tual c os ts for operating
and maintaining the Authorized Improvements .
S UB MIT T E D B Y:
C indy Medrano, Board Liaison
AT TAC H ME N T S:
Description Type
Pres entation Pres entation
Budget Scenario Rate $0.12 Backup Material
Page 13 of 35
Budget Scenario Rate $0.13 Backup Material
Budget Scenario Rate $0.14 Backup Material
Page 14 of 35
Georgetown Village
Public Improvement
District No. 1
JUNE 13, 2022
1
Page 15 of 35
Purpose
Continue to discuss on the annual update to the Service and Assessment Plan (SAP)
Budget,5-year Service Plan,and proposed Assessment Roll
Discussion regarding the GVPID’s current FY 2022 Budget
Current FY 2022 Budget is based on the assessment of $0.14 per $100 of assessed valuation
Recognize the known capital improvements,which were previously approved by the Board during the FY2022
budget process,for which the PID may fund over the next 5 years.Per previous discussion in May Board meeting,
City staff members have identified the proposed projects for FY2023.At this time,preliminary values provided by
Williamson CAD are applied to the O&M Budget,with Tax Rate at $0.14,$0.13,and $0.12,as presented in six
scenarios.
2
Page 16 of 35
Six Scenarios
Scenario #1:Summer Green Park in FY2023 and Bedford Park in FY2024 at $0.14 Rate
Scenario #2:Summer Green Park in FY2023 and Bedford Park in FY2025 at $0.14 Rate
Scenario #3:Summer Green Park in FY2023 and Bedford Park in FY2024 at $0.13 Rate
Scenario #4:Summer Green Park in FY2023 and Bedford Park in FY2025 at $0.13 Rate
Scenario #5:Summer Green Park in FY2023 and Bedford Park in FY2024 at $0.12 Rate
Scenario #6:Summer Green Park in FY2023 and Bedford Park in FY2025 at $0.12 Rate
3
Page 17 of 35
FY2022 Budget
as approved on
2021 A&R SAP
FY 2022 FY 2023[k]FY 2024[k]FY 2025[k]FY 2026[k]
455$
Revenue
Ad Valorem Taxes [a]522,174$ 532,617$ 543,270$ 554,135$ 565,218$
Allocated Interest 1,000$ 1,000$ 1,000$ 1,000$ 1,000$
Property Taxes - Penalties and Interest 100$ 100$ 100$ 100$ 100$
Sub Total 523,274$ 533,717$ 544,370$ 555,235$ 566,318$
Contingency Reserve -$ -$ -$ -$ -$
Replacement and Repair Reserve 352,805$ -$ -$ 121,014$ -$
Sub Total 352,805$ -$ -$ 121,014$ -$
Total Revenue 876,079$ 533,717$ 544,370$ 676,249$ 566,318$
Administrative (Joint Services) Allocation 4,620$ 4,758$ 4,901$ 5,048$ 5,199$
General Fund Allocation 24,651$ 25,391$ 26,152$ 26,937$ 27,745$
Printing (Previously Brochures)2,163$ 2,228$ 2,295$ 2,364$ 2,434$
Appraisal Contracts - WCAD & Tax Assessor Collector 3,605$ 3,713$ 3,825$ 3,939$ 4,057$
Consulting - Management 20,600$ 21,218$ 21,855$ 22,510$ 23,185$
Mowing Contracts [b]154,500$ 159,135$ 163,909$ 168,826$ 173,891$
Utilities 57,680$ 59,410$ 61,193$ 63,028$ 64,919$
Office Supplies, General 309$ 318$ 328$ 338$ 348$
Maintenance - Street Asphaltic 12,360$ 12,731$ 13,113$ 13,506$ 13,911$
Maintenance - Sidewalk 28,896$ 29,763$ 30,656$ 31,575$ 32,523$
Tree and Shrub Removal Services 20,600$ 21,218$ 21,855$ 22,510$ 23,185$
Operational Supplies - Street Name Blades 6,000$ 6,000$ 6,000$ 6,000$ 6,000$
Mowing and Pond Maintenance [c]19,440$ 20,023$ 20,624$ 21,243$ 21,880$
Maintenance - Ponds and Irrigation Systems 30,900$ 31,827$ 32,782$ 33,765$ 34,778$
Property and Casualty Insurance 1,030$ 1,061$ 1,093$ 1,126$ 1,159$
Sub Total 387,354$ 398,794$ 410,578$ 422,715$ 435,217$
Replacement and Repair Reserve -$ 114,923$ 87,792$ -$ 131,101$
Sub Total -$ 114,923$ 87,792$ -$ 131,101$
Improvement Projects Estimated Cost in 2020
Shell Road Landscape Screening [d]126,715$ 126,715$
Entry Monumentation Landscaping (around intersections) [d] [e]270,521$ 270,521$
Street Trees Along Bellaire Dr & Rosedale Blvd [d] [f]70,000$ 70,000$
Street Name Blade Upgrades[g]N/A 19,789$
Parks Replacement [l]N/A 1,700$
Alley Sealant [h]20,000$ 20,000$
Summer Green Park 186,736$ 29,000$ 157,736$
Bedford Park 112,798$ 17,000$ 95,798$
Sub Total 488,725$ 20,000$ 46,000$ 253,534$ -$
Total Expense 876,079$ 533,717$ 544,370$ 676,249$ 566,318$
Ending Fund Balance
Ending Fund Balance -$ -$ -$ -$ -$
Reserves Balance
Contingency Reserve [i]96,838$ 96,838$ 96,838$ 96,838$ 96,838$
Replacement and Repair Reserve [j]89,668$ 204,591$ 292,383$ 171,368$ 302,469$
Operation Expenses
Reserves Deposits
Reserves Needed in FY 2021
4
Page 18 of 35
FY2022 Budget Comparison (Approved –Amended –Projections)
5
FY 2022 APROVED FY 2022 AMENDED FY2022 PROJECTIONS
455$
FY 2022 APROVED FY 2022 AMENDED FY2022 PROJECTIONS
455$
Beginning Fund Balance
Beginning Fund Balance -$ -$ -$
Contigency Reserve 186,506$ 126,935$ 317,356$
Replacement and Repair Reserve 352,805$ 412,376$ 432,376$
Revenue
Ad Valorem Taxes [a]522,174$ 522,174$ 522,174$
Allocated Interest 1,000$ 1,000$ 1,000$
Property Taxes - Penalties and Interest 100$ 100$ 100$
Sub Total 523,274$ 523,274$ 523,274$
Contingency Reserve -$ -$ -$
Replacement and Repair Reserve 352,805$ 412,376$ 432,376$
Sub Total 352,805$ 412,376$ 432,376$
Total Revenue 876,079$ 935,650$ 955,650$
PID Administration
Administrative (Joint Services) Allocation 4,620$ 14,438$ 14,438$
Appraisal Contracts - WCAD & Tax Assessor Collector 3,605$ 3,605$ 3,605$
Consulting - Community Engagement - (Budget)-$ -$ -$
Consulting - PID Administration 20,600$ 20,600$ 20,600$
General Fund Allocation 24,651$ 23,213$ 23,213$
Office Supplies 309$ -$ -$
Printing 2,163$ 2,163$ 2,163$
Property and Casualty Insurance 1,030$ 1,030$ 1,030$
Parks and Recreation
Mowing Contracts (Parklets + Common Areas)154,500$ 154,500$ 154,500$
Sign Maintenance 6,000$ 6,000$ 6,000$
Tree and Landscape Maintenance 20,600$ 20,600$ 20,600$
Utilities 57,680$ 57,680$ 57,680$
Public Works
Mowing Contracts (Ponds + Alleyways)19,440$ 19,440$ 19,440$
Ponds and Irrigation Systems Maintenance 30,900$ 30,900$ 30,900$
Sidewalk Maintenance 28,896$ 28,896$ 28,896$
Specialized Street Name Blades Maintenance -$ -$ -$
Street Maintenance 12,360$ 12,360$ 12,360$
Street Tree Maintenance (Trimming + Removal)-$
Sub Total 387,354$ 395,425$ 395,425$
Reserves Needed in FY 2022
Operation Expenses
Replacement and Repair Reserve -$
Sub Total -$
Improvement Projects FY2022 PROJECTIONS
Parks 467,236$ 467,236$ 467,236$
Summer Green Park [m]
Bedford Park [m]
Shell Road Landscape Screening
Entry Monumentation Landscaping (around intersections)
Street Trees Along Bellaire Dr & Rosedale Blvd
[Additional projects can be addressed here]
[Additional projects can be addressed here]
Public Works 19,789$ 19,789$ 19,789$
Street Name Blade Upgrades
[Additional projects can be addressed here]
Repairs & Replacement 1,700$ 1,700$ 21,700$
Alley Sealant [h][m]
Site Furnishings [m]
Parks Equipment Replacement [m]
[Additional projects can be addressed here]
Sub Total 488,725$ 488,725$ 508,725$
Budget Amendment in FY2022 -$ 51,500$ 51,500$
Total Expense 876,079$ 935,650$ 955,650$
Ending Fund Balance
Ending Fund Balance -$ -$ -$
Reserves Balance
Contingency Reserve [i]96,838$ 98,856$ 98,856$
Replacement and Repair Reserve [j]89,668$ 28,079$ 218,500$
Reserves Deposits
Page 19 of 35
Revenue by
Annual
Assessment
Rate
6
Rate
Projected Preliminary
Annual Assessment
$0.14 $618,037
$0.13 $573,891
$0.12 $529,745
Page 20 of 35
FY2023 Budget –Scenario #1:
Summer Green Park in FY2023 and Bedford Park in FY2024 at $0.14 Rate
7
FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]
Page 21 of 35
FY2023 Budget -Scenario #2
Summer Green Park in FY2023 and Bedford Park in FY2025 at $0.14 Rate
8
FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]
Page 22 of 35
FY2023 Budget –Scenario #3:
Summer Green Park in FY2023 and Bedford Park in FY2024 at $0.13 Rate
9
FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]
Page 23 of 35
FY2023 Budget -Scenario #4
Summer Green Park in FY2023 and Bedford Park in FY2025 at $0.13 Rate
10
FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]
Page 24 of 35
FY2023 Budget –Scenario #5:
Summer Green Park in FY2023 and Bedford Park in FY2024 at $0.12 Rate
11
FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]
Page 25 of 35
FY2023 Budget -Scenario #6
Summer Green Park in FY2023 and Bedford Park in FY2025 at $0.12 Rate
12
FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]
Page 26 of 35
Next Steps
Board Discussion on Budget including resolution of the following:
What scenario does the Board want to include on the Preliminary Service and Assessment Plan?
City and P3Works incorporate the selected scenario into the Preliminary Service and
Assessment Plan
P3Works to present updated Preliminary Service and Assessment Plan including
updated Budget,5-year Service Plan and proposed Assessment Roll based on
preliminary values provided by WCAD.
13
Page 27 of 35
14
Questions?
Page 28 of 35
FY 2022 APROVED FY 2022 AMENDED FY2022 PROJECTIONS FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]
455$
Beginning Fund Balance
Beginning Fund Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Contigency Reserve 186,506$ 126,935$ 317,356$ 98,856$ 111,353$ 113,580$ 115,851$ 118,168$ 98,856$ 111,353$ 113,580$ 115,851$ 118,168$
Replacement and Repair Reserve 352,805$ 412,376$ 432,376$ 238,500$ 80,890$ 24,787$ 111,358$ 199,638$ 238,500$ 80,890$ 165,785$ 111,358$ 199,638$
Revenue
Ad Valorem Taxes [a]522,174$ 522,174$ 522,174$ 529,745$ 540,340$ 551,147$ 562,170$ 573,413$ 529,745$ 540,340$ 551,147$ 562,170$ 573,413$
Allocated Interest 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$
Property Taxes - Penalties and Interest 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$
Sub Total 523,274$ 523,274$ 523,274$ 533,717$ 541,440$ 552,247$ 563,270$ 574,513$ 533,717$ 541,440$ 552,247$ 563,270$ 574,513$
Contingency Reserve -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Replacement and Repair Reserve 352,805$ 412,376$ 432,376$ 145,113$ 53,876$ -$ -$ 145,113$ 52,155$ -$ -$
Sub Total 352,805$ 412,376$ 432,376$ 145,113$ 53,876$ -$ -$ -$ 145,113$ -$ 52,155$ -$ -$
Total Revenue 876,079$ 935,650$ 955,650$ 678,830$ 595,316$ 552,247$ 563,270$ 574,513$ 678,830$ 541,440$ 604,402$ 563,270$ 574,513$
PID Administration
Administrative (Joint Services) Allocation 4,620$ 14,438$ 14,438$ 14,727$ 15,021$ 15,322$ 15,628$ 15,941$ 14,727$ 15,021$ 15,322$ 15,628$ 15,941$
Appraisal Contracts - WCAD & Tax Assessor Collector 3,605$ 3,605$ 3,605$ 3,713$ 3,787$ 3,863$ 3,940$ 4,019$ 3,713$ 3,787$ 3,863$ 3,940$ 4,019$
Consulting - Community Engagement - (Budget)-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Consulting - PID Administration 20,600$ 20,600$ 20,600$ 21,218$ 21,642$ 22,075$ 22,517$ 22,967$ 21,218$ 21,642$ 22,075$ 22,517$ 22,967$
General Fund Allocation 24,651$ 23,213$ 23,213$ 24,330$ 24,817$ 25,313$ 25,819$ 26,336$ 24,330$ 24,817$ 25,313$ 25,819$ 26,336$
Office Supplies 309$ -$ -$ 300$ 306$ 312$ 318$ 325$ 300$ 306$ 312$ 318$ 325$
Printing 2,163$ 2,163$ 2,163$ 2,228$ 2,272$ 2,318$ 2,364$ 2,412$ 2,228$ 2,272$ 2,318$ 2,364$ 2,412$
Property and Casualty Insurance 1,030$ 1,030$ 1,030$ 1,061$ 1,082$ 1,104$ 1,126$ 1,148$ 1,061$ 1,082$ 1,104$ 1,126$ 1,148$
Parks and Recreation
Mowing Contracts (Parklets + Common Areas)154,500$ 154,500$ 154,500$ 160,000$ 163,200$ 166,464$ 169,793$ 173,189$ 160,000$ 163,200$ 166,464$ 169,793$ 173,189$
Sign Maintenance 6,000$ 6,000$ 6,000$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$
Tree and Landscape Maintenance 20,600$ 20,600$ 20,600$ 20,000$ 20,400$ 20,808$ 21,224$ 21,649$ 20,000$ 20,400$ 20,808$ 21,224$ 21,649$
Utilities 57,680$ 57,680$ 57,680$ 59,000$ 60,180$ 61,384$ 62,611$ 63,863$ 59,000$ 60,180$ 61,384$ 62,611$ 63,863$
Public Works
Mowing Contracts (Ponds + Alleyways)19,440$ 19,440$ 19,440$ 50,340$ 51,347$ 52,374$ 53,421$ 54,490$ 50,340$ 51,347$ 52,374$ 53,421$ 54,490$
Ponds and Irrigation Systems Maintenance 30,900$ 30,900$ 30,900$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$
Sidewalk Maintenance 28,896$ 28,896$ 28,896$ 29,763$ 30,358$ 30,965$ 31,585$ 32,216$ 29,763$ 30,358$ 30,965$ 31,585$ 32,216$
Specialized Street Name Blades Maintenance -$ -$ -$ 6,000$ 6,120$ 6,242$ 6,367$ 6,495$ 6,000$ 6,120$ 6,242$ 6,367$ 6,495$
Street Maintenance 12,360$ 12,360$ 12,360$ 12,731$ 12,985$ 13,245$ 13,510$ 13,780$ 12,731$ 12,985$ 13,245$ 13,510$ 13,780$
Street Tree Maintenance (Trimming + Removal)-$ 30,000$ 30,600$ 31,212$ 31,836$ 32,473$ 30,000$ 30,600$ 31,212$ 31,836$ 32,473$
Sub Total 387,354$ 395,425$ 395,425$ 445,410$ 454,319$ 463,405$ 472,673$ 482,127$ 445,410$ 454,319$ 463,405$ 472,673$ 482,127$
Replacement and Repair Reserve -$ -$ 88,842$ 90,597$ 42,387$ -$ 87,122$ 90,597$ 42,387$
Sub Total -$ -$ -$ 88,842$ 90,597$ 42,387$ -$ 87,122$ -$ 90,597$ 42,387$
Improvement Projects FY2022 PROJECTIONS
Parks 467,236$ 467,236$ 467,236$ 233,420$ 140,998$ 233,420$ 140,998$
Summer Green Park [m]
Bedford Park [m]
[Additional projects can be addressed here]
Public Works 19,789$ 19,789$ 19,789$
[Additional projects can be addressed here]
Repairs & Replacement 1,700$ 1,700$ 21,700$ 50,000$ 50,000$
Alley Sealant [h][m]
Site Furnishings [m]
Parks Equipment Replacement [m]
[Additional projects can be addressed here]
Sub Total 488,725$ 488,725$ 508,725$ 233,420$ 140,998$ -$ -$ 50,000$ 233,420$ -$ 140,998$ -$ 50,000$
Budget Amendment in FY2022 -$ 51,500$ 51,500$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Total Expense 876,079$ 935,650$ 955,650$ 678,830$ 595,316$ 552,247$ 563,270$ 574,513$ 678,830$ 541,440$ 604,402$ 563,270$ 574,513$
Ending Fund Balance
Ending Fund Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Reserves Balance
Contingency Reserve [i]96,838$ 98,856$ 98,856$ 111,353$ 113,580$ 115,851$ 118,168$ 120,532$ 111,353$ 113,580$ 115,851$ 118,168$ 120,532$
Replacement and Repair Reserve [j]89,668$ 28,079$ 218,500$ 80,890$ 24,787$ 111,358$ 199,638$ 239,662$ 80,890$ 165,785$ 111,358$ 199,638$ 239,662$
Reserves Deposits
Scenario #6 - Summer Green Park in FY2023 and Bedford Park in FY2025 at $0.12 Rate
Operation Expenses
Scenario #5 - Summer Green Park in FY2023 and Bedford Park in FY2024 at $0.12 Rate
Reserves Needed in FY 2022
Page 29 of 35
FY 2022 APROVED FY 2022 AMENDED FY2022 PROJECTIONS FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]
455$
Beginning Fund Balance
Beginning Fund Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Contigency Reserve 186,506$ 126,935$ 317,356$ 98,856$ 111,353$ 113,580$ 115,851$ 118,168$ 98,856$ 111,353$ 113,580$ 115,851$ 118,168$
Replacement and Repair Reserve 352,805$ 412,376$ 432,376$ 238,500$ 122,164$ 111,090$ 243,589$ 378,717$ 238,500$ 122,164$ 252,087$ 243,589$ 378,717$
Revenue
Ad Valorem Taxes [a]522,174$ 522,174$ 522,174$ 573,891$ 585,369$ 597,076$ 609,018$ 621,198$ 573,891$ 585,369$ 597,076$ 609,018$ 621,198$
Allocated Interest 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$
Property Taxes - Penalties and Interest 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$
Sub Total 523,274$ 523,274$ 523,274$ 574,991$ 586,469$ 598,176$ 610,118$ 622,298$ 574,991$ 586,469$ 598,176$ 610,118$ 622,298$
Contingency Reserve -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Replacement and Repair Reserve 352,805$ 412,376$ 432,376$ 103,839$ 8,847$ -$ -$ 103,839$ 6,226$ -$ -$
Sub Total 352,805$ 412,376$ 432,376$ 103,839$ 8,847$ -$ -$ -$ 103,839$ -$ 6,226$ -$ -$
Total Revenue 876,079$ 935,650$ 955,650$ 678,830$ 595,316$ 598,176$ 610,118$ 622,298$ 678,830$ 586,469$ 604,402$ 610,118$ 622,298$
PID Administration
Administrative (Joint Services) Allocation 4,620$ 14,438$ 14,438$ 14,727$ 15,021$ 15,322$ 15,628$ 15,941$ 14,727$ 15,021$ 15,322$ 15,628$ 15,941$
Appraisal Contracts - WCAD & Tax Assessor Collector 3,605$ 3,605$ 3,605$ 3,713$ 3,787$ 3,863$ 3,940$ 4,019$ 3,713$ 3,787$ 3,863$ 3,940$ 4,019$
Consulting - Community Engagement - (Budget)-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Consulting - PID Administration 20,600$ 20,600$ 20,600$ 21,218$ 21,642$ 22,075$ 22,517$ 22,967$ 21,218$ 21,642$ 22,075$ 22,517$ 22,967$
General Fund Allocation 24,651$ 23,213$ 23,213$ 24,330$ 24,817$ 25,313$ 25,819$ 26,336$ 24,330$ 24,817$ 25,313$ 25,819$ 26,336$
Office Supplies 309$ -$ -$ 300$ 306$ 312$ 318$ 325$ 300$ 306$ 312$ 318$ 325$
Printing 2,163$ 2,163$ 2,163$ 2,228$ 2,272$ 2,318$ 2,364$ 2,412$ 2,228$ 2,272$ 2,318$ 2,364$ 2,412$
Property and Casualty Insurance 1,030$ 1,030$ 1,030$ 1,061$ 1,082$ 1,104$ 1,126$ 1,148$ 1,061$ 1,082$ 1,104$ 1,126$ 1,148$
Parks and Recreation
Mowing Contracts (Parklets + Common Areas)154,500$ 154,500$ 154,500$ 160,000$ 163,200$ 166,464$ 169,793$ 173,189$ 160,000$ 163,200$ 166,464$ 169,793$ 173,189$
Sign Maintenance 6,000$ 6,000$ 6,000$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$
Tree and Landscape Maintenance 20,600$ 20,600$ 20,600$ 20,000$ 20,400$ 20,808$ 21,224$ 21,649$ 20,000$ 20,400$ 20,808$ 21,224$ 21,649$
Utilities 57,680$ 57,680$ 57,680$ 59,000$ 60,180$ 61,384$ 62,611$ 63,863$ 59,000$ 60,180$ 61,384$ 62,611$ 63,863$
Public Works
Mowing Contracts (Ponds + Alleyways)19,440$ 19,440$ 19,440$ 50,340$ 51,347$ 52,374$ 53,421$ 54,490$ 50,340$ 51,347$ 52,374$ 53,421$ 54,490$
Ponds and Irrigation Systems Maintenance 30,900$ 30,900$ 30,900$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$
Sidewalk Maintenance 28,896$ 28,896$ 28,896$ 29,763$ 30,358$ 30,965$ 31,585$ 32,216$ 29,763$ 30,358$ 30,965$ 31,585$ 32,216$
Specialized Street Name Blades Maintenance -$ -$ -$ 6,000$ 6,120$ 6,242$ 6,367$ 6,495$ 6,000$ 6,120$ 6,242$ 6,367$ 6,495$
Street Maintenance 12,360$ 12,360$ 12,360$ 12,731$ 12,985$ 13,245$ 13,510$ 13,780$ 12,731$ 12,985$ 13,245$ 13,510$ 13,780$
Street Tree Maintenance (Trimming + Removal)-$ 30,000$ 30,600$ 31,212$ 31,836$ 32,473$ 30,000$ 30,600$ 31,212$ 31,836$ 32,473$
Sub Total 387,354$ 395,425$ 395,425$ 445,410$ 454,319$ 463,405$ 472,673$ 482,127$ 445,410$ 454,319$ 463,405$ 472,673$ 482,127$
Replacement and Repair Reserve -$ -$ -$ 134,771$ 137,445$ 90,172$ -$ 132,150$ -$ 137,445$ 90,172$
Sub Total -$ -$ -$ 134,771$ 137,445$ 90,172$ -$ 132,150$ -$ 137,445$ 90,172$
Improvement Projects FY2022 PROJECTIONS
Parks 467,236$ 467,236$ 467,236$ 233,420$ 140,997.50$ 233,420$ 140,998$
Summer Green Park [m]
Bedford Park [m]
[Additional projects can be addressed here]
Public Works 19,789$ 19,789$ 19,789$
[Additional projects can be addressed here]
Repairs & Replacement 1,700$ 1,700$ 21,700$ 50,000$ 50,000$
Alley Sealant [h][m]
Site Furnishings [m]
Parks Equipment Replacement [m]
[Additional projects can be addressed here]
Sub Total 488,725$ 488,725$ 508,725$ 233,420$ 140,998$ -$ -$ 50,000$ 233,420$ -$ 140,998$ -$ 50,000$
Budget Amendment in FY2022 -$ 51,500$ 51,500$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Total Expense 876,079$ 935,650$ 955,650$ 678,830$ 595,316$ 598,176$ 610,118$ 622,298$ 678,830$ 586,469$ 604,402$ 610,118$ 622,298$
Ending Fund Balance
Ending Fund Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Reserves Balance
Contingency Reserve [i]96,838$ 98,856$ 98,856$ 111,353$ 113,580$ 115,851$ 118,168$ 120,532$ 111,353$ 113,580$ 115,851$ 118,168$ 120,532$
Replacement and Repair Reserve [j]89,668$ 28,079$ 218,500$ 122,164$ 111,090$ 243,589$ 378,717$ 466,525$ 122,164$ 252,087$ 243,589$ 378,717$ 466,525$
Reserves Deposits
Operation Expenses
Scenario #3 - Summer Green Park in FY2023 and Bedford Park in FY2024 at $0.13 Rate Scenario #4 - Summer Green Park in FY2023 and Bedford Park in FY2025 at $0.13 Rate
Reserves Needed in FY 2022
Page 30 of 35
FY 2022 APROVED FY 2022 AMENDED FY2022 PROJECTIONS FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]FY 2023 FY 2024[k]FY 2025[k]FY 2026[k]FY 2027[k]
455$
Beginning Fund Balance
Beginning Fund Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Contigency Reserve 186,506$ 126,935$ 317,356$ 98,856$ 111,353$ 113,580$ 115,851$ 118,168$ 98,856$ 111,353$ 113,580$ 115,851$ 118,168$
Replacement and Repair Reserve 352,805$ 412,376$ 432,376$ 238,500$ 166,310$ 200,264$ 378,692$ 560,668$ 238,500$ 166,310$ 341,261$ 378,692$ 560,668$
Revenue
Ad Valorem Taxes [a]522,174$ 522,174$ 522,174$ 618,037$ 630,397$ 643,005$ 655,865$ 668,983$ 618,037$ 630,397$ 643,005$ 655,865$ 668,983$
Allocated Interest 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$
Property Taxes - Penalties and Interest 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$
Sub Total 523,274$ 523,274$ 523,274$ 619,137$ 631,497$ 644,105$ 656,965$ 670,083$ 619,137$ 631,497$ 644,105$ 656,965$ 670,083$
Contingency Reserve -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Replacement and Repair Reserve 352,805$ 412,376$ 432,376$ 59,694$ -$ -$ -$ -$ 59,694$ -$ -$ -$
Sub Total 352,805$ 412,376$ 432,376$ 59,694$ -$ -$ -$ -$ 59,694$ -$ -$ -$ -$
Total Revenue 876,079$ 935,650$ 955,650$ 678,830$ 631,497$ 644,105$ 656,965$ 670,083$ 678,830$ 631,497$ 644,105$ 656,965$ 670,083$
PID Administration
Administrative (Joint Services) Allocation 4,620$ 14,438$ 14,438$ 14,727$ 15,021$ 15,322$ 15,628$ 15,941$ 14,727$ 15,021$ 15,322$ 15,628$ 15,941$
Appraisal Contracts - WCAD & Tax Assessor Collector 3,605$ 3,605$ 3,605$ 3,713$ 3,787$ 3,863$ 3,940$ 4,019$ 3,713$ 3,787$ 3,863$ 3,940$ 4,019$
Consulting - Community Engagement - (Budget)-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Consulting - PID Administration 20,600$ 20,600$ 20,600$ 21,218$ 21,642$ 22,075$ 22,517$ 22,967$ 21,218$ 21,642$ 22,075$ 22,517$ 22,967$
General Fund Allocation 24,651$ 23,213$ 23,213$ 24,330$ 24,817$ 25,313$ 25,819$ 26,336$ 24,330$ 24,817$ 25,313$ 25,819$ 26,336$
Office Supplies 309$ -$ -$ 300$ 306$ 312$ 318$ 325$ 300$ 306$ 312$ 318$ 325$
Printing 2,163$ 2,163$ 2,163$ 2,228$ 2,272$ 2,318$ 2,364$ 2,412$ 2,228$ 2,272$ 2,318$ 2,364$ 2,412$
Property and Casualty Insurance 1,030$ 1,030$ 1,030$ 1,061$ 1,082$ 1,104$ 1,126$ 1,148$ 1,061$ 1,082$ 1,104$ 1,126$ 1,148$
Parks and Recreation
Mowing Contracts (Parklets + Common Areas)154,500$ 154,500$ 154,500$ 160,000$ 163,200$ 166,464$ 169,793$ 173,189$ 160,000$ 163,200$ 166,464$ 169,793$ 173,189$
Sign Maintenance 6,000$ 6,000$ 6,000$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$
Tree and Landscape Maintenance 20,600$ 20,600$ 20,600$ 20,000$ 20,400$ 20,808$ 21,224$ 21,649$ 20,000$ 20,400$ 20,808$ 21,224$ 21,649$
Utilities 57,680$ 57,680$ 57,680$ 59,000$ 60,180$ 61,384$ 62,611$ 63,863$ 59,000$ 60,180$ 61,384$ 62,611$ 63,863$
Public Works
Mowing Contracts (Ponds + Alleyways)19,440$ 19,440$ 19,440$ 50,340$ 51,347$ 52,374$ 53,421$ 54,490$ 50,340$ 51,347$ 52,374$ 53,421$ 54,490$
Ponds and Irrigation Systems Maintenance 30,900$ 30,900$ 30,900$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$ 5,000$ 5,100$ 5,202$ 5,306$ 5,412$
Sidewalk Maintenance 28,896$ 28,896$ 28,896$ 29,763$ 30,358$ 30,965$ 31,585$ 32,216$ 29,763$ 30,358$ 30,965$ 31,585$ 32,216$
Specialized Street Name Blades Maintenance -$ -$ -$ 6,000$ 6,120$ 6,242$ 6,367$ 6,495$ 6,000$ 6,120$ 6,242$ 6,367$ 6,495$
Street Maintenance 12,360$ 12,360$ 12,360$ 12,731$ 12,985$ 13,245$ 13,510$ 13,780$ 12,731$ 12,985$ 13,245$ 13,510$ 13,780$
Street Tree Maintenance (Trimming + Removal)-$ 30,000$ 30,600$ 31,212$ 31,836$ 32,473$ 30,000$ 30,600$ 31,212$ 31,836$ 32,473$
Sub Total 387,354$ 395,425$ 395,425$ 445,410$ 454,319$ 463,405$ 472,673$ 482,127$ 445,410$ 454,319$ 463,405$ 472,673$ 482,127$
Replacement and Repair Reserve -$ 36,181$ 180,700$ 184,292$ 137,956$ -$ 177,179$ 39,703$ 184,292$ 137,956$
Sub Total -$ -$ 36,181$ 180,700$ 184,292$ 137,956$ -$ 177,179$ 39,703$ 184,292$ 137,956$
Improvement Projects FY2022 PROJECTIONS
Parks 467,236$ 467,236$ 467,236$ 233,420$ 140,997.50$ 233,420$ 140,998$
Summer Green Park [m]
Bedford Park [m]
[Additional projects can be addressed here]
Public Works 19,789$ 19,789$ 19,789$
[Additional projects can be addressed here]
Repairs & Replacement 1,700$ 1,700$ 21,700$ 50,000$ 50,000$
Alley Sealant [h][m]
Site Furnishings [m]
Parks Equipment Replacement [m]
[Additional projects can be addressed here]
Sub Total 488,725$ 488,725$ 508,725$ 233,420$ 140,998$ -$ -$ 50,000$ 233,420$ -$ 140,998$ -$ 50,000$
Budget Amendment in FY2022 -$ 51,500$ 51,500$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Total Expense 876,079$ 935,650$ 955,650$ 678,830$ 631,497$ 644,105$ 656,965$ 670,083$ 678,830$ 631,497$ 644,105$ 656,965$ 670,083$
Ending Fund Balance
Ending Fund Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Reserves Balance
Contingency Reserve [i]96,838$ 98,856$ 98,856$ 111,353$ 113,580$ 115,851$ 118,168$ 120,532$ 111,353$ 113,580$ 115,851$ 118,168$ 120,532$
Replacement and Repair Reserve [j]89,668$ 28,079$ 218,500$ 166,310$ 200,264$ 378,692$ 560,668$ 696,260$ 166,310$ 341,261$ 378,692$ 560,668$ 696,260$
Reserves Deposits
Operation Expenses
Scenario #1 - Summer Green Park in FY2023 and Bedford Park in FY2024 at $0.14 Rate Scenario #2 - Summer Green Park in FY2023 and Bedford Park in FY2025 at $0.14 Rate
Reserves Needed in FY 2022
Page 31 of 35
City of Georgetown, Texas
Georgetown Village Improvement District
June 13, 2022
S UB J E C T:
C onsideration and pos s ible ac tion to approve the Minutes for the R egular Board Meeting May 09, 2022 -
C indy Medrano, Board Liaison
IT E M S UMMARY:
Minutes from the May GVP ID meeting.
F IN AN C IAL IMPAC T:
.
S UB MIT T E D B Y:
C indy Medrano, Board Liaison
AT TAC H ME N T S:
Description Type
GVPID Minutes 05.09.2022 Backup Material
Page 32 of 35
Georgetown Village PID Page 1 of 3
May 09, 2022
City of Georgetown, Texas
Georgetown Village Public Improvement District Advisory Board Meeting
Minutes
Monday, May 09, 2022, at 6:00 p.m.
Meeting held at the Public Operations & Training Center, Training Room C,
3500 D.B. Woods Road, Georgetown, TX 78628
Board Members Present: Marlene McMichael, Chair; Michael Charles, Vice Chair;
Ashlee Meerscheidt, Secretary; Melinda Marler; Larry Whitehead; James Levis; John
McKinney, Alternate; Kevin Tanner
Board Members Absent: Raul Pena; Alternate
Staff Members Present: Nick Woolery, Assistant City Manager; Eric Johnson, Public
Works Director; Eric Nuner, Parks and Recreation Assistant Director; Sabrina Poldrack,
Special Districts Program Manager; Cindy Medrano, Board Liaison; Allison Snyder, P3
Works; Nathan Parras, Assistant Finance Director
Staff Members Absent: None
Visitors Present: Brian K. Ortego, Chris King, & Marli H
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 - call to order by Michael Charles, Vice Chair at 6:00 PM.
B. Pledge of Allegiance
• Meerscheidt led everyone in reciting the pledge of allegiance.
C. Discussion on the annual service and Assessment Plan (SAP), including the 5-year
Service Plan, Assessment Roll and budget – Allison Snyder, Partner, P3 Works,
LLC – City of Georgetown PID Administrator
• Snyder led the board with the budgeting process for updating the Service and
Assessment plan which includes the 5-year Service Plan.
• Snyder clarified that this discussion would focus on expenses and the next
meeting would have a better projection for revenue for GVPID.
Page 33 of 35
Georgetown Village PID Page 2 of 3
May 09, 2022
• Snyder presented the board with two scenarios. Scenario one would focus on
doing Summer Green Park in FY2023 with Bedford Park in FY2025. Scenario two
would do Bedford Park in FY2023 and Summer Green FY2025.
• Nuner provided input for the board to consider regarding the Parks &
Recreation Master Plan and Bedford Park listed as a top priority park for
improvements. The playground equipment in Bedford Park is set to be updated
in FY2023. Bedford Park would then be improved closer to FY2025 pending
council budget approval.
• The board had clarifying questions on the assessment rates and requested
scenarios with assessments at 12 & 13 cents (bringing back 14 cents for
comparison) with Summers Green Park as the preferred project for FY2023.
• The board had clarifying questions related to the Administrative Allocation and
requested the city return with the Allocation Study used for this amount and an
itemized amount.
• Sycamore monument sign was brought up however, there is currently no plan to
update it. This project was presented to the board previously however, the board
did not approve to move forward with it at that time. The majority of the board
stated that this is not a priority at the moment however, they may revisit this in
the future should a masonry project come up in the future.
• Brian K. Ortego signed up to speak on the budgeting process.
Public Wishing to Address the Board
On a subject that is posted on this agenda: Please fill out a speaker registration form which can be
found at the Board meeting. Clearly print your name, the letter of the item on which you wish to
speak, and present it to the Staff Liaison, preferably to the start of the meeting. You will be called
forward to speak when the Board considers that item.
On a subject not posted on the agenda: Persons may add an item to a future Board agenda by filing a
written request with the Staff Liaison no later than one week prior to the Board meeting. The request
must include the speaker’s name and the specific topic to be addressed with sufficient information
to inform the board and the public. For Board Liaison contact information, please logon to
http://government.georgetown.org/category/boards-commissions/.
D. At the time of posting no one had signed up to speak.
Page 34 of 35
Georgetown Village PID Page 3 of 3
May 09, 2022
Legislative Regular Agenda
E. Consideration and possible action to approve the Minutes for the Regular Board
Meeting March 14, 2022 – Cindy Medrano, Board Liaison
• Brian K. Ortego signed up to speak on this item. He requested minutes to be
posted to the website sooner.
• Motion to approve the minutes by Kevin Tanner seconded by Larry Whitehead.
Approved unanimously 7-0-0 Absent
Adjournment
• Motion to adjourn by Melinda Marler seconded by Kevin Tanner.
Approved unanimously 7-0-0 Absent
The meeting adjourned at 7:33pm
_________________________________ ____________________________
Marlene McMichael, Chair Ashlee Meerscheidt, Secretary
___________________________________
Cindy Medrano, Board Liaison
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