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HomeMy WebLinkAboutAgenda CC 02.22.2011 WorkshopNotice of Meeting of the Governing Body of the City of Georgetown, Texas FEBRUARY 22, 2011 The Georgetown City Council will meet on FEBRUARY 22, 2011 at 4:00 P.M. at Council Chambers at 101 E. 7th Street If you need accommodations for a disability, please notify the city in advance. Policy Development/Review Workshop - A Discussion of the Comprehensive Annual Financial Report for Fiscal Year Ended September 30, 2010 -- Laurie Brewer, Finance Director and Lorie Lankford, Controller B Update on the City’s Sales Tax revenue profile including historical information as well as sales tax revenue projections -- Chris Foster, Chief Financial Analyst and Micki Rundell, Chief Financial Officer Executive Session In compliance with the Open Meetings Act, Chapter 551, Government Code, Vernon's Texas Codes, Annotated, the items listed below will be discussed in closed session and are subject to action in the regular session. C Sec. 551.071: Consultation with Attorney - Advice from attorney about pending litigation that has been filed against the City or contemplated litigation and other matters on which the attorney has a duty to advise the City Council, including but not limited to this week's agenda items - Discuss pending or contemplated litigation, settlement matters,and/or other confidential attorney client matters regarding Industrial District Agreements with Texas Crushed Stone and the Weir Trust D Sec. 551.072: Deliberations about Real Property - Discussion of contract provisions between CTSUD and the City relating to land valuation and purchase of land and easements for the South Lake Water Treatment Plant site - Discussion concerning the acquisition of real property from the Lera Brock Hughes Trust No.2 -- Terri Calhoun, Real Estate Services Coordinator, Thomas R. Benz, P.E., Systems Engineering Director E Sec. 551.087: Deliberation Regarding Economic Development Negotiations - Discussions or deliberations regarding commercial or financial information that the governmental body has received from a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations; or to deliberate the offer of a financial or other incentive to a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations. -To discuss incentives as it pertains to 100 South Austin Avenue Adjournment Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary City of Georgetown, Texas February 22, 2011 SUBJECT: Discussion of the Comprehensive Annual Financial Report for Fiscal Year Ended September 30, 2010 -- Laurie Brewer, Finance Director and Lorie Lankford, Controller ITEM SUMMARY: The City’s auditors and City staff will present the City’s Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 2010. The City’s external auditors, with the firm of Clifton Gunderson, LLP, will also discuss the results of the auditors’ independent audit of the CAFR, compliance with auditing standards, testing over internal controls and fraud risk assessment. COMMENTS: Acceptance of this report is included on the consent Council agenda. FINANCIAL IMPACT: SUBMITTED BY: Micki Rundell Cover Memo Item # A City of Georgetown, Texas February 22, 2011 SUBJECT: Update on the City’s Sales Tax revenue profile including historical information as well as sales tax revenue projections -- Chris Foster, Chief Financial Analyst and Micki Rundell, Chief Financial Officer ITEM SUMMARY: This update report, based on data from the STARS (Sales Tax Analysis and Reporting Services) provided much of the detail information and is the primary source for the historical review. In addition, other sources include the Dallas Federal Reserve and the Bureau of Economic Analysis. The report identifies sectors of the local economy and their related contribution to the City’s sales tax revenue. Wolf Ranch is also segregated. The primary purpose is to provide the City Council an idea of where the Sales Tax Collections in the City come from, what economic sectors are changing, and a projection of revenue for the next few years based upon Staff’s internal modeling. FINANCIAL IMPACT: SUBMITTED BY: Micki Rundell ATTACHMENTS: Presentation Cover Memo Item # B Item # B Item # B Item # B Item # B Item # B Item # B Item # B Item # B Item # B Item # B Item # B Item # B Item # B City of Georgetown, Texas February 22, 2011 SUBJECT: Sec. 551.071: Consultation with Attorney - Advice from attorney about pending litigation that has been filed against the City or contemplated litigation and other matters on which the attorney has a duty to advise the City Council, including but not limited to this week's agenda items - Discuss pending or contemplated litigation, settlement matters,and/or other confidential attorney client matters regarding Industrial District Agreements with Texas Crushed Stone and the Weir Trust ITEM SUMMARY: FINANCIAL IMPACT: SUBMITTED BY: Cover Memo Item # C City of Georgetown, Texas February 22, 2011 SUBJECT: Sec. 551.072: Deliberations about Real Property - Discussion of contract provisions between CTSUD and the City relating to land valuation and purchase of land and easements for the South Lake Water Treatment Plant site - Discussion concerning the acquisition of real property from the Lera Brock Hughes Trust No.2 -- Terri Calhoun, Real Estate Services Coordinator, Thomas R. Benz, P.E., Systems Engineering Director ITEM SUMMARY: FINANCIAL IMPACT: SUBMITTED BY: Cover Memo Item # D City of Georgetown, Texas February 22, 2011 SUBJECT: Sec. 551.087: Deliberation Regarding Economic Development Negotiations - Discussions or deliberations regarding commercial or financial information that the governmental body has received from a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations; or to deliberate the offer of a financial or other incentive to a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations. -To discuss incentives as it pertains to 100 South Austin Avenue ITEM SUMMARY: FINANCIAL IMPACT: SUBMITTED BY: Cover Memo Item # E Notice of Meeting of the Governing Body of the City of Georgetown, Texas FEBRUARY 22, 2011 The Georgetown City Council will meet on FEBRUARY 22, 2011 at 4:00 P.M. at Council Chambers at 101 E. 7th Street If you need accommodations for a disability, please notify the city in advance. Policy Development/Review Workshop - A Discussion of the Comprehensive Annual Financial Report for Fiscal Year Ended September 30, 2010 -- Laurie Brewer, Finance Director and Lorie Lankford, Controller B Update on the City's Sales Tax revenue profile including historical information as well as sales tax revenue projections -- Chris Foster, Chief Financial Analyst and Micki Runde]], Chief Financial Officer Executive Session In compliance with the Open Meetings Act, Chapter 551, Government Code, Vernon's Texas Codes, Annotated, the items listed below will be discussed in closed session and are subject to action in the regular session. C Sec. 551.071: Consultation with Attorney - Advice from attorney about pending litigation that has been filed against the City or contemplated litigation and other matters on which the attorney has a duty to advise the City Council, including but not limited to this week's agenda items - Discuss pending or contemplated litigation, settlement matters,and/or other confidential attorney client matters regarding Industrial District Agreements with Texas Crushed Stone and the Weir Trust D Sec. 551.072: Deliberations about Real Property - Discussion of contract provisions between CTSUD and the City relating to land valuation and purchase of land and easements for the South Lake Water Treatment Plant site - Discussion concerning the acquisition of real property from the Lera Brock Hughes Trust No.2 -- Terri Calhoun, Real Estate Services Coordinator, Thomas R. Benz, P.E., Systems Engineering Director E Sec. 551.087: Deliberation Regarding Economic Development Negotiations - Discussions or deliberations regarding commercial or financial information that the governmental body has received from a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations; or to deliberate the offer of a financial or other incentive to a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations. -To discuss incentives as it pertains to 100 South Austin Avenue Adjournment Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the AP day of r , 2011, at � /Y �00P1and remained so posted for at least 7 ntinuous hours receding the schedu d time of said meeting. J s ica Brettle, C4 Secretary