HomeMy WebLinkAboutMIN 05.07.2001 CC-WThe City Council of the City of Georgetown, Texas, met in Regular Session on the
above date with Mayor MaryEllen Kersch presiding.
Council Present:
Charles "Ross" Burson, Ferd Tonn, Lee
Bain, Susan Hoyt, Clark Lyda, Llorente
Navarrette, Sam Pfiester
Council Absent:
All Council Present
George Russell, City Manager; Marianne Banks, City Attorney: Sandra Lee, City
Secretary; Tom Yantis, Assistant City Manager/Director of Information Resources;
Micki Rundell, Director of Finance and Administration; Verna Browning, Director of
"Community Services; Amelia Sondgeroth, Director of Development Services
._ _ _ _--
Called to order at 4O34xO3 •
A Presentation of preliminary results of Traffic and Economic Impact Analyses and discussion of preliminary
development agreement for the Proposed Rivery Development -- George Russell
Russell introduced Jon Roberts of TIP Development Strategies, Inc. Roberts and Jon Hockenyos of Texas
Perspectives, Inc. gave a slide presentation estimating that the net benefit of the Rivery Development to the
City is $11.8 million (over 20 years). They proposed that for each $1.00 invested, the City will receive a
return of $2.12. Roberts recommended that this project is a very good tax stabilization project. He said his
company recommends that the City support the development project by providing the transportation
improvements. He said high quality design standards must be met. He said the study of this project
highlights the need for a policy on economic development. There were questions from the seated and
future Councilmembers.
Russell introduced City Engineer Don Ward who introduced Jack Jones of Alliance Texas who distributed
an Executive Summary and explained the methodology for the conclusions reached by the analysis. It was
shown that the construction of Rivery Boulevard would be needed whether or not the development project
occurs. Lyda asked Jones to run scenarios as if there is no Highway 29 connector and no u -turn. Jones
said that information could be provided within the week. Burson asked to see the numbers on the effect of
D. B. Wood Road.
B Presentation by Quorum Equities Group of the Rivery Towne Crossing Master Plan design concepts
Russell announced that the presentation for Item B is being rescheduled for the May 22 Council Meeting.
C Joint Discussion for Current, Out -going and In -coming Councilmembers for the exchange of advice,
City Council Meeting Minutes/May 7, 2001
Page 1 of 2 Pages
questions/answers in order to facilitate a smooth transition
There was informal discussion.
The meeting was adjourned at 6:10 p.m.
The meeting was adjourned at 06:10 PM.
proved :
ayor MaryEllen Kersch
City Council Meeting Minutes/May 7, 2001
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City Secretary Sandra Lee