20240514-002: Recommend Council approve an extension to the Term and other minor amendments of the Mueller MDA between the City and Catellus. — original pdf

Recommendation

BOARD/COMMISSION RECOMMENDATION Robert Mueller Municipal Airport Plan Implementation Advisory Commission Recommendation Number: (20240514-002): Recommendation to the Austin City Council to approve an extension to the Master Developer Agreement between the City of Austin and Catellus Austin, LLC WHEREAS, the City of Austin and Catellus Austin, LLC entered into the December 2, 2004, Master Development Agreement for the public-private partnership to redevelop the former Robert Mueller Municipal Airport, and the Term of that Agreement is set to end on December 2, 2024; and, WHEREAS, a few essential Mueller projects and processes will take longer to complete, including the sale of all land under the terms of the MDA, the delivery of additional affordable housing units, and the delivery of two public parks and open spaces: the Roger Lavon Taylor, Sr. Plaza surrounding the base of the Mueller Control Tower and the Mueller portion of the larger Tannehill Branch Greenbelt and Trail; and, WHEREAS, since 2004 the initial planned density has been intentionally increased, while enduring three major economic setbacks including the Great Recession, global pandemic, and sustained higher interest rates; and, WHEREAS, our Commission charge is to advise the City Council on implementation of the Robert Mueller Municipal Airport Master Plan; NOW THEREFORE, BE IT RESOLVED that the Robert Mueller Municipal Airport Plan Implementation Advisory Commission recommends that the City Council approve an amendment to the Mueller Master Development Agreement to extend the Term to December 31, 2028, and additional amendments to support the extension, including: resetting the calculation of required property takedowns; extending the amount of time to prepare final project accounting; and adjusting Catellus and City administrative fees needed to complete MDA obligations, in order to fully accomplish the vision and goals of the City Council-adopted Mueller Master Plan. Date of Approval: May 14, 2024 Record of the vote: Unanimous on 10-0; Commissioner Jackson was absent. Attest: Jill Fagan, Liaison Robert Mueller Municipal Airport Plan Implementation Advisory Commission