HomeMy WebLinkAboutMinutes_GGAF_02.07.2014 Minutes of the Meeting of the
GENERAL GOVERNMENT AND FINANCE ADVISORY BOARD (GGAF)
City of Georgetown, Texas
February 7, 2014
These minutes were unanimously approved at the March 7, 2014 GGAF Meeting.
The General Government and Finance Advisory Board met at 10:00 a.m. on Friday, February 7, 2014 in the
Georgetown Municipal Complex Williamson Room, located at 300-1 Industrial Avenue, Georgetown, Texas.
MEMBERS PRESENT: Steve Fought, Chair, Tommy Gonzalez, Joe Pondrom, Keith Brainard
MEMBERS ABSENT: None
STAFF PRESENT: Paul Brandenburg, Micki Rundell, Laurie Brewer, Mark Thomas, Paul Pausewang, Stan
Hohman
A copy of these minutes, containing detailed information on the items listed below will be available in the Finance
and Administration Office, located at 113 East 8th Street, Georgetown, TX and can be found online at
http://agendas.georgetown.org/
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 that follows.
Regular Session – Called to order at 10:00 a.m.
The GGAF Board may, at any time, recess the Regular Session to convene an Executive Session at the request of the
Chair of the GGAF Committee for any purpose authorized by the Open Meetings Act, Texas Government Code
Chapter 551.)
Public Wishing to Address Council
On a subject that is posted on this agenda: Please fill out a speaker registration form. Clearly print your name and
the letter of the item on which you wish to speak and present it to the Chair or Board Liaison, preferably prior 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 contacting the Liaison
prior to the creation of the agenda for the following meeting, with the subject matter of the topic they would like to
address and their name. The Board Liaison can be reached at 512-930-3676 or by email at
danella.elliott@georgetown.org
Statutory Consent Agenda
The Statutory Consent Agenda includes non-controversial and routine items that Board may act on with one single
vote. A board member may pull any item from the Consent Agenda in order that the Board discuss and act upon it
individually as part of the Regular Agenda.
Legislative Regular Agenda
A. Review minutes from the December 2, 2013 GGAF Meeting - Danella Elliott, Executive Assistant
The minutes were unanimously approved with this correction: Keith Brainard should have been listed as
“present”.
Discussion and possible action regarding the creation of a Tax Increment Reinvestment Zone along
Westinghouse Road - Micki Rundell, Chief Financial Officer and Mark Thomas, Economic Development
Director
Micki and Mark explained a little about the proposed creation of the TIRZ along Westinghouse Road, and gave
a presentation outlining the proposal. Staff is recommending that a Tax Increment Reinvestment Zone be
considered along Westinghouse road so that needed infrastructure including water, wastewater, electric and
roads can be upgraded or extended to that area. The area on either side of Westinghouse road from I-35 to 1460
is a prime development area but lacks key infrastructure so that growth can occur. The TIRZ would accelerate
development by removing barriers, including infrastructure costs. The property to be included in the proposed
TIRZ currently is not developed. As infrastructure is completed new development will occur including
destination retail, hotels, commercial, office, employment center, single family residential and some multi
family projects. The new property taxes generated from the new projects will be re-invested into the zone to pay
for the infrastructure.
They noted that if Williamson County participates at 50%, it will create additional revenue of $1.6M by 2020
(an additional $6.2M cumulative) and more easily fund road projects such as:
• Westinghouse Road (City will accept/repair/maintain),
• Rabbit Hill Road Extension north (allow alternate N-S route) and
• Blue Springs Extension (benefits)
If the Zone is created:
• the estimated increase in valuation within the zone could be as high as $700M by 2020
• City Revenues
o 100% property tax = $3M by 2020
$14M cumulative revenue
o Potential annual sales tax revenue = $75K conservatively projected by 2020
• Opportunities for job creation/expansion
o Combination retail/commercial/residential
If approved by Council, all elements should be finalized in May. The County will be considering this in April
as well.
Mark and Micki answered questions. Keith asked them to look at a variation of 25 years vs. 20 years. Micki
noted that there is a $46M project list now (public improvements/road, etc). The committee suggested that it
would be a good idea for Council to add a $50M cap.
Unanimously approved to proceed to City Council with the recommendation of adding a $50M cap.
B. Overview of the City’s current outstanding and proposed debt obligations – Micki Rundell, Chief
Financial Officer
Micki explained that each year, in preparation for the annual bond issuance process, staff prepares an overview
of the City’s current outstanding debt obligations, as well as, a preview of the upcoming bond issue that the
Council will consider in April 2014.
Micki gave an overview presentation, including Revenue Bonds related to the City’s utilities, as well as, both
self-supporting and taxable general debt obligations. Micki noted that we are not AAA rated because we own
our own electric utility. We are the only electric utility in the state with that high of a rating.
Keith Brainard said that he could not let this pass without saying “this is a striking chart”, referring to the
Historical CO chart. Joe Pondrom noted that it was not unusual for a growth city and said that you cannot have
growth without debt. Tommy Gonzalez noted that the debt was “voter approved”.
Keith asked that we show population comparisons as debts have increased and to look at the miles of
road/sidewalks for the past 10 years. It would be helpful to have an “overlay” showing key periods, i.e. opening
of the Library, Rec Center, etc. to accompany the current graph. Micki will prepare this information for the
Council presentation.
The Committee thanked Micki for the informative presentation.
Note: Mr. Brainard left the meeting after the debt presentation.
C. Consideration and possible action for the approval to purchase vehicles and equipment in the amount of
$338,677.67 – Stan Hohman, Service Center Supervisor and Micki Rundell, Chief Financial Officer
Paul Pausewang went over the list of vehicle and equipment to be purchased:
1. TORO Sand Pro through Buyboard in the amount of $24,660; budgeted amount is $20,000 for the Parks Department.
This is replacing 736-26 in the Fleet inventory. This unit will be sold at on-line auction this spring estimated amount
$1,500. The proceeds from the sale being recording in the Fleet ISF to offset future purchases.
2. Jacobsen LF570 fairway reel mower through Buyboard in the amount of $45,257; budgeted amount is $42,000 for the
Parks Department. This is replacing 736-42 in the Fleet inventory. This unit will be sold at on-line auction this spring
estimated amount $2,500. The proceeds from the sale being recording in the Fleet ISF to offset future purchases.
3. Two 628 Jacobsen TurfCat 60” flail mower through Buyboard in the total amount of $37,609 (each cost $18,804) for
the Parks Department. These units are replacing 736-46 in the Fleet inventory. This unit will be sold at on-line auction
this spring estimated amount $2,500. The proceeds from the sale being recording in the Fleet ISF to offset future
purchases.
4. Ford F-750 6 yard dump truck through Buyboard in the amount of $72,869; budgeted amount is $83,500 for the
Stormwater Department. This is a new addition to the Fleet inventory and is funded from bond funded equipment
account.
5. Ford F-750 6 yard dump truck through Buyboard in the amount of $72,869; budgeted amount is $85,000 for the Street
Department. This is a new addition to the Fleet inventory and is funded from construction equipment account.
6. Small SUV through Formerly Bid Process in the amount of $19,720; budgeted amount is $25,000 for the Facilities
Department. This is replacing 435-09 in the Fleet inventory. This unit will be held back for use in the IT Department.
7. ½ ton extended cab four wheel drive pickup through Formerly Bid Process in the amount of $23,562; budgeted
amount is $26,000 for Electric Department. This is replacing 106-02 in the Fleet inventory. This unit will be held back
to replace 106-36 which will be sold at on-line auction this spring estimated amount $1,500. The proceeds from sale
being recording in the Fleet ISF to offset future purchases.
8. ½ ton extended cab pickup through Formerly Bid Process in the amount of $21,232; budgeted amount is $28,932 for
Conservation Department. This is new addition to the Fleet inventory and is funded from Fleet ISF.
9. ½ ton extended cab pickup through Formerly Bid Process in the amount of $20,894; budgeted amount is $25,000 for
Engineering EAM Department. This is new addition to the Fleet inventory and is funded from Fleet ISF.
Out of the 10 vehicles & equipment requesting approval to purchase 6 of this are replacements and 4 new additions.
These vehicles were approved and budgeted for the 2013/14 in the Fleet ISF. Line items as follows:
• Items 1,2,3,6,7,8 & 9 are budgeted in account number 520-5-0351-52-700 Fleet ISF.
• Item 4 is budgeted in account number 520-5-0351-52-705 Bond Funded Equipment.
• Item 5 is budgeted in account number 520-5-0351-52-701 Bond Funded Construction Equipment.
Tommy asked if they could provide a vehicle master list of all of the vehicles we have. Paul will get this list
together and present it to the GGAF Committee and Council.
Unanimously approved.
D. Adjourn
Adjournment
The meeting was adjourned at 11:15 a.m.
_____________________________________
Board Chair