TIRZ No. 1 and No. 2 Board Meeting

Tax Increment Reinvestment Zone (TIRZ) No. 1 & No. 2 Board Regular Meeting Minutes September 9, 2019 at 4:00 p.m. A Regular Meeting of the TIRZ No. 1 & No. 2 Board was held Monday, September 9, 2019 beginning at 4:00 p.m. in in the City Hall Council Chambers located at 511 Mercer Street, Dripping Springs, Texas. I. CALL TO ORDER AND ROLL CALL Board Members present were: Dave Edwards, Chair Mim James, Vice Chair Missy Atwood Mike Figer John McIntosh Walt Smith Ron Jones (Advisory Board Member) Bob Richardson (Advisory Board Member) Board Member absent was: Dr. Bruce Gearing City Staff/Appointed Officials present were: Assistant City Attorney Laura Mueller Council Member John Kroll TIRZ Administrator David Taussig & Associates (via Teleconference) DSISD Interim Superintendent Dr. Nola Wellman Jim Adams, McCann Adams Studio II. PRESENTATION OF CITIZENS Floor open to discussion on any subject. No action may be taken by law. Citizens wishing to speak shall do so after being recognized by the Chair. The Chair may establish a time limit as necessary. No one spoke during Presentation of Citizens. III. MINUTES A. Discuss and consider approval of August 19, 2019 TIRZ No. 1 & No. 2 Board Regular Meeting Minutes. A motion was made by Board Member Smith to approve the August 19, 2019 TIRZ No. 1 & No. 2 Board Regular Meeting Minutes with the following corrections: • IV.A: Strike Martin and replace with James • IV.B: Strike 2/3 and 1/3 and replace with 1/3 and 2/3 • IV.D.2: Strike while the project is not crushing, and change equitable to equitably • IV.E.1: Strike other parties to the agreement’s legal counsel and replace with legal counsel of other parties TIRZ No. 1 & No. 2 Board September 9, 2019 Regular Meeting Minutes Page 1 of 4  • IV.E.2: Strike tome and replace with tone, and strike routes and replace with roles • IV.F.2: Strike maps and replace with confirmation. Vice Chair James seconded the motion which carried unanimously 6 to 0. IV. BUSINESS A. Update and discussion regarding the Town Center Project. 1. Project Activities Work Plan & Timeline Jim Adams presented the item which is on file. EPS will meet with Stakeholders, and the plans will be given to the cost estimator. EPS will then draft the term sheet, which will then be presented to the TIRZ Board for recommendation. 2. Library Planning & Design Process Board Member Atwood presented the item. The Library District has selected an architect for the project, who will work with Project Manager Keenan Smith. B. Update and discussion regarding Priority Projects. 1. Downtown Parking Study Jim Adams presented the item and reported on findings from HDR Engineering, Inc. The goal is to limit the burden on downtown businesses and property owners. Jim Adams and Keenan Smith will meet with the Planning Director regarding the study. 2. Old Fitzhugh Road Jim Adams presented the item. Keenan Smith is working with Doucet & Associates to complete the surveys. The Board discussed the project and expressed that this project is executable and believes that the City Council would be supportive in moving the project forward. The Board also discussed funding sources and will research possible funding through various grants and agencies, as well as possibly forming a subcommittee to complete the work. 3. Triangle – item not discussed 4. Project Manager Cost Analysis & Summary – item not discussed, summary is on file C. Discuss and consider recommendation regarding an Amendment No. 3 to the TIRZ Project Manager Professional Services Agreement. A motion was made by Board Member Figer to recommend approval of an Amendment No. 3 to the TIRZ Project Manager Professional Services Agreement. Vice Chair James seconded the motion which carried unanimously 6 to 0. D. Discuss and consider action regarding TIF Revenue Projections under Taussig & Associates Agreement. TIRZ No. 1 & No. 2 Board September 9, 2019 Regular Meeting Minutes Page 2 of 4  David Taussig & Associations, TIRZ Administrator Patrick Boykin presented the item. He reviewed the Second Quarter report, which was presented in July, and discussed bonding. Vice Chair James requested that the Third Quarterly report be cut off at the end of September and presented at the September 14, 2019 meeting. E. Update and discussion regarding a One-Time Waiver for Cost Allocation & Reimbursement Agreement between the City of Dripping Springs and Hays County related to Tax Increment Reinvestment Zones No. 1 and No. 2. Board Member Smith presented the item. The request is a deferment of the reimbursement back to Hays County and instead sending the funds to the Tax Increment Fund for about $98,000.00. This request is not likely to happen in the future. F. Discuss and consider recommendation of the appointment of Dr. Nola Wellman as Interim Dripping Springs Independent School District Representative to the Tax Increment Reinvestment Zone No. 1 & No.2 Board. A motion was made by Board Member Smith to recommend approval of the appointment of Dr. Nola Wellman as the Dripping Springs Independent School District Representative to the Tax Increment Reinvestment Zone No. 1 & No.2 Board. Vice Chair James seconded the motion which carried unanimously 6 to 0. Via unanimous consent, Chair Edwards adjourned into Executive Session under Texas Government Code Sections 551.071, Consultation with City Attorney; and 551.072, Deliberation of Real Property, and regarding Executive Session Agenda Items A – B. V. EXECUTIVE SESSION The TIRZ No. 1 & No. 2 Board for the City of Dripping Springs has the right to adjourn into executive session at any time during the course of this meeting to discuss any matter as authorized by Texas Government Code Sections 551.071 (Consultation with Attorney), 551.072 (Deliberations about Real Property), 551.073 (Deliberations about Gifts and Donations), 551.074 (Personnel Matters), 551.076 (Deliberations about Security Devices), and 551.086 (Economic Development). The TIRZ No. 1 & No. 2 Board for the City of Dripping Springs may act on any item listed in Executive Session in Open Session or move any item from Executive Session to Open Session for action. A. Consultation with legal counsel related to legal issues on contracting authority of the Tax Increment Reinvestment Zone related to extension, renewal, and termination of professional services agreements. Consultation with City Attorney, 551.071 B. Consultation with City Attorney and Deliberation of Real Property related to the TIRZ Town Center Project. Consultation with City Attorney, 551.071; Deliberation of Real Property, 551.072 TIRZ No. 1 & No. 2 Board September 9, 2019 Regular Meeting Minutes Page 3 of 4  The TIRZ No. 1 & No. 2 Board met in Executive Session from 5:03 p.m. – 5:26 p.m. No action or vote was taken in Executive Session. Chair Edwards returned the meeting to Open Session at 5:26 p.m. A motion was made by Board Member Atwood to move Executive Session Agenda Item A into Open Session for action. Vice Chair James seconded the motion which carried unanimously 6 to 0. A motion was made by Board Member Atwood to recommend that the City Council terminate the contract with David Taussing & Associates subject to advisement from City Attorney, and that notice of termination be given October 1, 2019 and effective October 31, 2019. Vice Chair James seconded the motion which carried 6 to 0. VI. UPCOMING MEETINGS A. TIRZ No. 1 & No. 2 Board Meetings October 14, 2019 at 4:00 p.m. November 4, 2019 at 4:00 p.m. December 9, 2019 at 4:00 p.m. B. City Council & BOA Meetings September 10, 2019 at 6:00 p.m. (6:00 Workshop/6:30 Regular Meeting) September 17, 2019 at 6:00 p.m. October 8, 2019 at 6:00 p.m. (6:00 Workshop/6:30 Regular Meeting) October 15, 2019 at 6:00 p.m. VII. ADJOURN Without objection from the Board, Chair Edwards adjourned the meeting. This regular meeting adjourned at 5:30 p.m. TIRZ No. 1 & No. 2 Board September 9, 2019 Regular Meeting Minutes Page 4 of 4