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MIN 04.21.2003 CC-WThe City Council of the City of Georgetown, Texas, met in Regular Session on the above date with Mayor Gary Nelon presiding. i#Council Present: lCouncil Absent: Llorente Navarrette, Gabe Sansing, Doug Smith, ;Sam Pfiester, Farley Snell !Jack Noble, Ken Evans Staff Present: --------------------------- -- Paul Brandenburg, City Manager; Trish Carls, City Attorney; Sandra Lee, City Secretary; Tom Yantis, Assistant City Manager, Micki Rundell, Director of Finance and Administration; Randy Morrow, Director of Parks and Recreation Called to order at 4:00 p.m. A Overview of the proposed Simon Properties Group Wolf Ranch retail development at the southwest corner of SH 29 and Interstate 35 -- Tom Yantis, Assistant City Manager Yantis gave Council an overview of the proposed 100 -acre development which will contain major "big box" retailers and specialty stores with the first phase projected to be open in FY2005. He noted that this is the first development application under the new Unified Development Code (UDC) and that Simon Properties chose to wait for the adoption of the UDC. He said the development is consistent with the Future Land Use Pian, saying it will be an open air shopping center with uniform architectural design. Yantis gave Council the projections of an estimated assessed valuation of $55 million at full build -out, estimated annual property tax revenue for the City of $168,000, and estimated annual sales tax revenue of $3.8 million. He said the estimated annual utility revenue will be approximately $1,280,000, with a commitment from Simon Properties to choose City of Georgetown -provided electric service at the Round Rock Simon Project. He said the estimated annual gross sales will be $209.6 million with total on-site cost of approximately $22 million, required off-site road improvements of approximately $8.5 million, and required off-site utility costs of approximately $3 million. Yantis said the developer is requesting assistance with the on-site costs, off-site road improvement costs, and off-site utilities. He said there is a commitment from TXDOT for funding some off-site road improvements. Included in the presentation were the suggested methods for repayment through performance-based sales tax sharing with a percentage of the sales tax from the development funding all City assistance costs and other financing options such as GTEC/State Infrastructure Bank (SIB) loans for road improvements and/or tax increment financing (TIF) for certain on-site improvements. B Council Calendar - Regular Council Meeting on Tuesday, April 22, 2003, at 6:00 p.m., San Gabriel Room, Georgetown Municipal Complex, 300 Industrial Avenue - Early Voting at the Courthouse on the Square or at the GISD Aministration Building, April 16 - 29, 2003 City Council Meeting Minutes/April 21, 2003 Page 1 of 2 Pages Election Day, Saturday, May 3, 2003, 7:00 a.m. to 7:00 p.m. Vote in one of four locations depending on County Voting Precinct (listed on voter registration card) Special Council Meeting to Canvass the Results of the May 3 Election, Tuesday, May 6, 5:00 p.m. San Gabriel Room, Georgetown Municipal Compex, 300 Industrial Avenue 4:32 p.m. - recessed to Executive Session 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. C Sec.551.071 consultation with attorney -Pending Litigation - Thomas L. Suarez, Jr. vs. City of Georgetown, Texas, City of Georgetown Police Department, Georgetown Police Sgt. Kelly Devoll, Georgetown Police Officer Jack Lacey, Matt Painter, Brian Grubbs, Cause No. 03-113-C368 in the 368th Judicial District Court of Williamson County, Texas - Matthew Painter and Brian Grubbs, Plaintiffs v. David Morgan, Individually and in his Official Capacity as Chief of Police of the Georgetown Police Department Robert Hernandez, Individually and in his Official Capacity as Captain of the Georgetown Police Department Gary Todd Terbush, individually and in his Official Capacity as Lieutenant of the Georgetown Police Department; Georgetown Police Department; and the City of Georgetown, Defendants, Cause No. A03-CA-014JN, In the United States District Court for the Western District of Texas, Austin Division. - Potential Litigation/Settlement Offers - Don L. Dison Complaint to FAA - Legal Advice regarding agenda items D Sec.551.074 personnel matters - Performance Review of Council -appointed employees - City Manager - Six Months - City Secretary - Annual E Sec.551.086 deliberation regarding economic development - Simon Properties Group F Sec.551.072 deliberation about real property - Discussion and possible action regarding the purchase, exchange, lease or value of approximately 6 acres of land for parks and trails The (meeting was adjourned at 06:55 PM. Appr a died : Mayor,, ary Nelon City Council Meeting Minutes/April 21, 2003 Page 2 of 2 Pages Attes . City Secretary San ra Lee