South Central Waterfront Advisory Board - Aug. 15, 2022

South Central Waterfront Advisory Board Regular Meeting of the South Central Waterfront Advisory Board

Agenda original pdf

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1. REGULAR MEETING of the SOUTH-CENTRAL WATERFRONT ADVISORY BOARD AUGUST 15, 2022 AT 6:00PM AUSTIN CITY HALL, BOARDS AND COMMISSIONS ROOM 1101 301 W. 2ND STREET AUSTIN, TEXAS Some members of the BOARD/COMMISSION may be participating by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live Public comment will be allowed in-person or remotely via telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for remote participation by telephone. To register to speak remotely, call or email Aaron D. Jenkins 512-974-9312 or aaron.jenkins@austintexas.gov. CURRENT BOARD MEMBERS: John Guinan, Ex Officio Rolando Fernandez, Ex Officio Molly Alexander, Ex Officio Josh Rudow, Ex Officio Vacant, Ex Officio (ATD) Samuel Franco, Chair Jeffrey Thompson, Vice Chair Lynn Kurth, Board Member Paul Byars, Board Member Ana Aguirre, Board Member Laura Cottam-Sajbel, Board Member Karen Paup, Board Member Jeff Seiden, Board Member Sherri Ancipink, South River City Neighborhood Association AGENDA CALL TO ORDER PUBLIC COMMUNICATION: GENERAL The first 10 speakers signed up *prior to the meeting being called to order will each be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. APPROVAL OF MINUTES Approve the minutes of the South-Central Waterfront Advisory Board (SCWAB) Meeting of May 16, 2022 DISCUSSION ITEMS Joint presentation by City of Austin Economic Development Department and the Austin Economic Development Corporation on their respective roles regarding the South Central Waterfront to be presented by Sylnovia Holt-Rabb of the City of Austin Economic Development Department and Theresa Alvarez of the Austin Economic Development Corporation. DISCUSSION AND ACTION ITEMS Discussion and Possible action of the July 28th City Council Statesmen PUD hearing. 3. WORKING GROUP/COMMITTEE UPDATES Update from the Active Projects Working Group Update from the Finance and Governance Working Group Update from the Community Benefits, Infrastructure, and Regulating Plan Working Group FUTURE AGENDA ITEMS Note: City Code requires two board members sponsor an item to be included on an agenda. This section of the agenda provides members an opportunity to request items for future agendas. Staff should assume that if there is no objection from other members expressed at the meeting, the members’ silence indicates approval for staff to include on the next agenda. ADJOURNMENT The City of Austin is committed to compliance with …

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5.16.2022 Draft Meeting Minutes original pdf

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REGULAR MEETING OF THE SOUTH-CENTRAL WATERFRONT ADVISORY BOARD MONDAY, MAY 16, 2022 AT 6:00PM AUSTIN CITY HALL, BOARDS AND COMMISSIONS ROOM 1101 301 W. 2ND STREET, AUSTIN, TEXAS 78701 MEETING MINUTES Call to order by: Chair S. Franco at 6:08 PM Board Members: Ex Officios: ✓ Chair Samuel Franco (Design Commission) ✓ Vice Chair Jeffrey Thompson (Planning Commission) __Lynn Kurth (Mayor & District 9 Joint Appointee) ✓ Paul Byars (Trail Foundation) ✓ Ana Aguirre (Environmental Commission) ✓ Laura Cottam-Sajbel (Parks & Recreation Board) ✓ Karen Paup (Community Development Commission) __Jeff Seiden (Bouldin Creek Neighborhood Assn.) __Vacant (South River City Neighborhood Assn) __Sam Tedford (Housing & Planning Dept) __ Nazlie Saeedi (Austin Transportation Dept) ✓ John Guinan/Marek Izydorczyk (ORES) __ Rolando Fernandez (Financial Services Dept) ✓ Molly Alexander (Downtown Austin Alliance) COA Economic Development Staff Liaisons: ✓ Margaret Shaw ✓ Aaron D. Jenkins Christine Maguire “✓ “Denotes who were in attendance 1. APPROVAL OF MINUTES (Discussion and Possible Action) a. Approval of the minutes of the South-Central Waterfront Advisory Board (SCWAB) Special Called Meeting of May 2, 2022 • Board Member A. Aguirre made a motion to approve the May 2, 2022, Vice Chair J. Thompson seconded • The motion was approved [ 6 ayes, 0 nays] 2. NEW BUSINESS (Discussion and Possible Action) a. Briefing on the proposed Council authorization of the Downtown Public Improvement District (PID) to be presented by Dewitt M. Peart and Bill Brice of the Downtown Austin Alliance (DAA). b. Staff briefing on the South-Central Waterfront Regulating Plan to be presented by Greg • No action taken by the board Dutton of the Housing and Planning Department. • No action taken by the board 3. OLD BUSINESS (Discussion and Possible Action) a. None 4. WORKING GROUP UPDATES & ASSIGNMENTS FROM CHAIR a. Community Benefits, Infrastructure, and Regulating Plan b. Finance and Governance c. Active Projects 5. FUTURE AGENDA ITEMS • No action taken by the board 6. ADJOURNMENT 8:35 pm Future agenda items will NOT be discussed at the current meeting, but will be offered for initiation, discussion, and/or possible recommendation at a FUTURE meeting.

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Austin Economic Development Corporation Presentation original pdf

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Implementing inclusive and equitable public development services as a non-profit partner to the City of Austin 15 August 2022- South Central Waterfront Advisory Board AEDC BOARD & TEAM Austin EDC Standing Committees Executive • • Governance Finance • • Strategic Planning • Real Estate Project Committees: • Cultural Trust Advisory Committee • Urban Renewal Board Partnership Working Group • + future projects 2 AEDC PROJECTS South Central Waterfront Urban Renewal District 11th Street URA Development Connecting Equitably Austin Cultural Trust Austin Cultural Trust • • • Managing 100+ acre multi parcel Tax Increment district (TIRZ) when established Assuring public benefit outlined in a 2016 Vision Plan Designing tools and strategies to assure even more affordable housing, creative spaces, local small businesses Austin EDC • • • Facilitating land development on key city blocks for the only Urban Renewal Agency in City Creating cross-sector partnership and assembling tools to do additional work Restore and secure cultural identity in gentrified/displaced neighborhood. • • • Leveraging the Cap and Stitch Project on I-35 identify potential projects along corridor to further equitable development opportunities that connect rather than separate neighborhoods Identify ways to connect neighborhoods to new amenities along the corridor Develop market feasible roadmaps for projects • • • Facilitating the preservation and development of cultural and creative infrastructure Achieve diversity, equity and inclusion, Provide permanent affordability for cultural and creative purposes. 3 Great Waterfront Districts • A waterfront district, an expansion of Downtown, does not come along often. Austin did the right thing by initiating a community led vision. It’s time to put the plan into action, leveraging initial projects that are adopting the plan, and investing further in the public realm. Austin EDC South Central Waterfront | 4 How has Austin accomplished ‘big visions?’ • Each district is accomplished with a variety of public policy tools, a ’toolbox,’ partnership with the private sector, and even new tools that had to be created for the project, and all have created economic and social value. Austin EDC South Central Waterfront | 5 South Central Waterfront is a unique district with many owners Austin EDC South Central Waterfront | 6 South Central Waterfront is a unique district • Most parcels are privately owned parcels, creating a unique challenge for achieving the 2016 Vision: • Regulating Plan provides the structure—it will be ‘opt in’ • Mitigates ‘PUD’ by ‘PUD’ decision-making • Public investment provides the …

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City of Austin Economic Development Presentation original pdf

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Implementation of South Central Waterfront Plan Presentation by Key Partners: Sylnovia Holt-Rabb, Director: City of AustinEconomic Development Department Theresa Alvarez, President and CEO: Austin Economic Development Corporation South Central Waterfront Advisory Board August 15, 2022 1 Agenda Background Unique Initiative of Past City Projects Master Developer Role Comparative Examples City and AEDC Roles SCW Plan Governance & Oversight SCW Plan Infrastructure Costs Next Steps 2 BACKGROUND ` PURPOSE • To establish conceptual framework to allow site-specific building enhancements in exchange for on-site and citywide community benefits. • Lays out set of tools to guide area redevelopment for next 20 years HISTORY • 1960-70s: Creation of Lady Bird (Town) Lake & beautification efforts led by First Lady of Texas • 1980s: Town Lake Corridor Study & Waterfront Overlay Combining District • 2012-13: Sustainable Places Design Assessment • 2014-16: Stakeholder Meetings & Council Briefings • 2016: ‘Greening of SCW Report’ outlines vision • 2016: Council adopts SCW Vision Framework Plan as amendment to Imagine Austin • 2020: Modified Physical Framework updated costs 3 South Central Waterfront Vision Plan 2016 & 2020 Vision Framework Plan (Adopted 2016, Updated 2020)* SCW District includes 118 acres with 34 privately-owned parcel & 1 City parcel. *Project Connect’s major mobility improvements in area were not yet determined. • Build New Infrastructure ($252M): expand street grid, add miles of sidewalks and approximately 17 acres of parks, plazas, and trails • Promote Density: add 6.4+ million square feet of new residential, office, retail, and hotels by 2040 • Make 20% of housing affordable: add 575 units by 2040 • Increase Values: est. $6.7 billion in taxable value by 2040 Multiple Sources for Financial Toolkit • Private Funding: Development Bonus Fees, Public Improvement District, Philanthropy (Conservancy) • Public Funding Sources: Tax Increment Financing, Capital Improvement (bonds), Parking, Affordable Housing Subsidies, Other • Estimated Gap estimated $400-600M (based on 2020 assumptions) • Off-site Benefits: infrastructure & affordable housing: ~$100 M • On-site Benefits: infrastructure, affordable housing & feasibility: $300 - $500M Credit: Project Connect 4 SCW Essential Components & Variables Essential Components • 305 South Congress (Statesman) PUD sets entitlements for prominent parcels • SCW Regulating Plan sets vision by subdistricts, allowing owners to evaluate options • Tax Increment Reinvestment Zone 19 offers dedicated revenue stream for District activities • Downtown Public Improvement District funds Downtown Austin Alliance Variables • Project Connect will impact portions of waterfront subdistricts. • Regulatory tools …

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Approved Minutes original pdf

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1. SOUTH CENTRAL WATERFRONT ADVISORY BOARD Regular Meeting Minutes August 15, 2022 at 6:00pm The South Central Waterfront Advisory Board Convened in a Regular meeting on August 15, 2022 at Austin City Hall, Boards and Commissions Room 1101, 301 W. 2nd Street Austin, Texas Chair S. Franco called the Meeting to order at 6:04 pm BOARD MEMBERS IN ATTENDANCE: Samuel Franco, Chair Jeffrey Thompson, Vice Chair Ana Aguirre, Board Member Karen Paup, Board Member Josh Rudow, Ex Officio Laura Cottam-Sajbel, Board Member BOARD MEMBERS IN ATTENDANCE REMOTELY: Sherri Ancipink, Board Member Paul Byars, Board Member John Guinan, Ex Officio STAFF IN ATTENDANCE: Christine Maguire Aaron D. Jenkins Margaret Shaw PUBLIC COMMUNICATION: GENERAL None APPROVAL OF MINUTES The minutes from the Regular meeting of May 16, 2022 were approved on Board Member L. Cottam-Sajbel motion, Vice Chair J. Thompson second on a vote of 5-1-0. Board Member S. Ancipink abstained. DISCUSSION ITEMS Sylnovia Holt-Rabb of the City of Austin Economic Development Department and Theresa Alvarez of the Austin Economic Development Corporation (AEDC) presented to the Board their respective role and addressed questions and concerns. a. Discussion occurred but no action was taken DISCUSSION AND ACTION ITEMS Discussion and Possible action of the July 28th City Council Statesmen PUD hearing. a. Discussion occurred but no action was taken WORKING GROUP/COMMITTEE UPDATES Update from the Finance and Governance Working. a. Chair S. Franco updated the board on the Working Group’s meeting with Deputy CFO Kim Olivares, which discussed the Tax Increment Reinvestment Zone (TIRZ), other funding tool kits, and how the monies generated from these tool kits could be used for affordable housing. FUTURE AGENDA ITEMS 5. The board made a request for an update of the Regulating Plan and Funding Tools ADJOURNMENT Chair S. Franco the meeting at 8:20pm without objection The minutes were approved with the corrections of two typos at the September 19, 2022, meeting on Board Member L. Cottam-Sajbel motion, and Board Member A. Aguirre second on a 6-0-0 vote. 2. 3. 4.

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