Robert Mueller Municipal Airport Plan Implementation Advisory Commission - Oct. 16, 2020
Robert Mueller Municipal Airport Plan Implementation Advisory Commission Special Called Meeting of the Robert Mueller Municipal Airport Plan Implementation Advisory Commission - Via Videoconferencing - See agenda for details
Versión en español a continuación. Special Meeting of the Robert Mueller Municipal Airport Plan Implementation Advisory Commission October 16, 2020 Robert Mueller Municipal Airport Plan Implementation Advisory Commission to be held October 16, 2020 with Social Distancing Modifications Public comment will be allowed via telephone; no in-person input will be allowed. All speakers must register in advance (Thursday, October 15, 2020, 2020 by Noon). All public comment will occur at the beginning of the meeting. To speak remotely at the 10/16/2020 Robert Mueller Municipal Airport Plan Implementation Advisory Commission Meeting, residents must:•Call or email the board liaison at 512-974-7829 or jill.fagan@austintexas.gov no later than noon, (the day before the meeting). The information required is the speaker name, item number(s) they wish to speak on, whether they are for/against/neutral, and a telephone number or email address. •Once a request to speak has been called in or emailed to the board liaison, residents will receive either an email or phone call providing the telephone number to call on the day of the scheduled meeting. •Speakers must call in at least 15 minutes prior to meeting start in order to speak, late callers will not be accepted and will not be able to speak. •Speakers will be placed in a queue until their time to speak. •Handouts or other information may be emailed to jill.fagan@austintexas.gov by Noon the day before the scheduled meeting. This information will be provided to Board and Commission members in advance of the meeting. •If this meeting is broadcast live, residents may watch the meeting here: http://www.austintexas.gov/page/watch- atxn-live Reunión Implementation Advisory Commission del Robert Mueller Municipal Airport Plan FECHA de la reunion 16 de Octubre de 2020 La junta se llevará con modificaciones de distanciamiento social Se permitirán comentarios públicos por teléfono; no se permitirá ninguna entrada en persona. Todos los oradores deben registrarse con anticipación (15 de Octubre de 2020 antes del mediodía). Todos los comentarios públicos se producirán al comienzo de la reunión. Para hablar de forma remota en la reunión, los residentes deben: • Llame o envíe un correo electrónico al enlace de la junta en 512-974-7829 or jill.fagan@austintexas.gov a más tardar al mediodía (el día antes de la reunión). La información requerida es el nombre del orador, los números de artículo sobre los que desean hablar, si están a favor / en contra / neutrales, y un número de teléfono o dirección de correo electrónico. …
Update on Mueller Financing RMMA Plan Implementation Advisory Commission Sylnovia Holt-Rabb, Acting Director Economic Development Department October 16, 2020 Mueller Implementation Strategy • Public-private partnership • City holds the land; master developer takes down land gradually, then sells to third parties • Master developer designs, builds and funds all infrastructure & parks • Reimbursed by land sale proceeds and public financing (sales and property tax) • Developer retains responsibility for overall implementation of vision & goals, with City oversight 0 2 0 2 / 6 1 / 0 1 I C A P A M M R 2 Financing Model for Mueller City holds land and gradually sells to Catellus Catellus builds streets, utilities, parks, and other infrastructure Catellus sells land to developers Reimbursements Mueller Project Revenue Fund Mueller Tax Increment Financing 0 2 0 2 / 6 1 / 0 1 I C A P A M M R 3 New Commercial and Residential development Property Taxes Mueller 2020 Construction • Current construction contracts: $670M • Construction- related jobs: 3,685 • Affordable homes/lots under construction: 259* (*including Habitat for Humanity row homes) 0 2 0 2 / 6 1 / 0 1 I C A P A M M R 4 Project Finance Plan Recap • Approximately $265 Million in project costs • $185 million land sales • $65 million in public financing • $50 million in debt from the TIF • $15 million in Sales Tax • $15 million in other revenue • City’s risk is minimized • relies on project revenue to support project costs • Catellus provides interim funding for project costs 0 2 0 2 / 6 1 / 0 1 I C A P A M M R 5 TIF Recap Base Year TIF Duration Base Assessed Value (AV) Current AV (Tax Yr 2019) COA Capture % Other Entity Participation Other Participation Current Project Cost Estimated Project Cost to be covered by TIF Debt O&M to be covered by TIF Mueller (TIF #16) Through 2032 $1.7 billion 2004 $0 100% n/a Yes / Developer $326 million $60 million No 0 2 0 2 / 6 1 / 0 1 I C A P A M M R 6 Mueller Debt Summary Year 2007 2009 2012 2014 Type Sales Tax Amount $12.0 million TIF (Property Tax) $15.0 million TIF (Property Tax) $16.8 million TIF (Property Tax) $15.8 million TOTAL $59.6 million • Current (2019) Annual …
MBE/WBE Update to RMMA PIAC: October 16, 2020 The Mueller Vision & Catellus Goals • Community goals for Mueller include: – East Austin revitalization – Economic activity and opportunity – A diverse and inclusive community • Drivers for success include high levels of participation by MBE/WBE and local businesses • MBE/WBE business efforts coordinate with overall community diversity efforts Additional Catellus Goals: • • • Strive for maximum participation by MBE/WBE contractors for design and construction of infrastructure Create conditions for MBE/WBE investors and tenants to succeed Continue to work with community stakeholders • Go beyond the MDA resolution to collaborate with third- party developers RMMA PIAC October 16, 2020 Master Developer Projects Catellus acquires land and contracts for: • Infrastructure: o Roads o Utilities o Water quality ponds o Residential lots o Commercial parcels • Parks and amenities: o Trails o Irrigation o Park structures o Picnic areas o Playgrounds Residential lots and commercial sites are sold to third-party developers RMMA PIAC October 16, 2020 Master Developer Policy & Procedures Catellus policy for master developer projects: Contractors must meet specified goals for MBE/WBE participation OR demonstrate good-faith effort • MBE/WBE participation plays significant role in evaluation of proposals Catellus works with prime contractors to increase MBE/WBE participation Policy includes provisions for monitoring compliance over life of contract Catellus procedures for master developer projects: Catellus delivers bid documents to: o City of Austin SMBR Dept. for distribution to city plan room o Other area plan rooms: – US Hispanic Contractors Association de Austin – Austin Black Contractors Association – Austin United Metropolitan Black Contractors’ Association – Asian Construction Trades Association Contractors advertise and notify MBE/WBEs of subcontracting opportunities Prime contractors must document good-faith efforts before Catellus will execute contract RMMA PIAC • • • • • • October 16, 2020 Master Developer Results Through May 31, 2020: • MBE/WBE contracts to date: $47.96 million — 23.8% of total • Dollars paid to MBE/WBEs: $45.5 million • Number of MBE/WBEs: 90+ businesses % MBE/WBE PARTICIPATION RMMA PIAC October 16, 2020 Future Development • Commercial area alley construction 4th quarter 2020 • Southeast Greenway Park 1st quarter 2021 • Park along Margarita Street 1st quarter 2021 • Park along Cepeda Street 1st quarter 2021 RMMA PIAC October 16, 2020 Third-Party Policy & Procedures • Above and beyond the MDA requirements, private and third-party projects are encouraged to comply with MDA requirements • …
ROBERT MUELLER MUNICIPAL AIRPORT PLAN IMPLEMENTATION ADVISORY COMMISSION MINUTES The Robert Mueller Municipal Airport Plan Implementation Advisory Commission convened in a special called meeting on October 16, 2020, via videoconferencing. Commission Members in Attendance: SPECIAL CALLED MEETING Friday, October 16, 2020 • Michael Jones, Chair • Rick Krivoniak, Vice-Chair • Carol Drennan • Corky Hilliard Staff in Attendance: • Rodrigo Lima • Martin Luecke • David Neider • Kathy Sokolic • Sylnovia Holt-Rabb, Economic Development Department • Pam Hefner, EDD • • Matthew Schmidt, EDD Jill Fagan, EDD a. Chair Michael Jones called the meeting to order at 1:09 p.m. 1. CALL TO ORDER 2. NEW BUSINESS Mueller financing. a. Mueller Financial Update: Sylnovia Holt-Rabb (EDD) provided an annual financial update on b. MBE/WBE Update: Carl Paulson and Brian Dolezal (Catellus) provided updates and information on MBE/WBE goals, procurement efforts and achievements. c. Mueller Development Update: Brian Dolezal with Catellus provided brief updates and information on Mueller parks, pavilion progress, tower lighting plans, and recent Mueller community recognitions. 3. 2021 MEETING SCHEDULE ADOPTION a. Approve 2021 RMMA PIAC Meeting Schedule: Proposed meeting schedule was approved on Commissioner Hilliard’s motion and Commissioner Luecke’s second on an 8-0 vote. Commissioners Jackson, Ronsonette, and Schwartz were absent 1 4. APPROVAL OF MINUTES a. Minutes from the September 11, 2020 meeting were approved on Commissioner Luecke’s motion and Commissioner Lima’s second on an 8-0 vote. Commissioners Jackson, Ronsonette, and Schwartz were absent. 5. FUTURE AGENDA ITEMS a. The Commissioners and staff discussed the following list of potential future agenda items: • Affordable housing and Mueller Foundation update • PIAC Transition Working update • UT lease site update a. The next regularly scheduled meeting is November 10, 2020. [Note, this meeting was subsequently canceled and a Special Called meeting was scheduled for November 13, 2020.] The meeting adjourned at 2:09 p.m. without objection. 6. NEXT MEETING ADJOURN 2
