SPECIAL CALLED MEETING of the URBAN RENEWAL BOARD June 17, 2024, 6:00 P.M. STREET JONES BUILDING, ROOM 400A 1000 E 11TH STREET AUSTIN, TEXAS 78702 Some members of the Urban Renewal Board may be participating by videoconference and a quorum will be present at the location identified above. 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 Hunter Maples, (512) 974-3120 or hunter.maples@austintexas.gov. The Urban Renewal Board reserves the right to go into closed session to discuss any of the items on this agenda as permitted by the Texas Open Meetings Act, Chapter 551 of the Texas Government Code. CURRENT BOARD MEMBERS/COMMISSIONERS: Manuel Escobar, Chair Darrell W, Pierce, Vice Chair Amit Motwani Jacqueline Watson Kobla Tetey Tam Hawkins CALL TO ORDER PUBLIC COMMUNICATION: GENERAL AGENDA The first 10 speakers who registered to speak no later than noon the day before the meeting, if speaking virtually, will each be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. APPROVAL OF MINUTES 1 of 2 1. 2. 3. DISCUSSION AND ACTION ITEMS Discuss and consider approval of a recommendation to Austin City Council regarding a Development team based on the 2023-4 Request for Proposals process for the future development of Blocks 16 & 18, at or near the 900 and 1100 blocks of East 11th Street, Austin, Texas 78702 (Anne Gatling Haynes, Austin Economic Development Corporation). EXECUTIVE SESSION Discuss legal matters related to the purchase, exchange, lease, or value of an interest in Blocks 16 and 18 located on East 11th Street in Austin (Private consultation with legal counsel - Section 551.071 of the Texas Government Code) Discuss real estate matters related to the purchase, exchange, lease, or value of an interest in Blocks 16 and 18 located on East 11th Street in Austin (Real Property - Section 551.072 of the Texas Government Code) FUTURE AGENDA ITEMS ADJOURNMENT The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign …
RFP Process Schedule to Date 2022-2023: Pre-Development Feasibility • 10+ Public sessions, Community Survey • Pre Development Feasibility • Urban Renewal Board meetings Creation of the URB Stakeholder Working Group RFP Phase I Community Input on Phase I Proposals, -Community Survey -Office Hours RFP Phase II Urban Renewal Board: Public presentation Final Evaluation Aug-Sept 2023: Aug-Nov 2023: Jan-Feb 2024: Feb-April 2024: March 18 2024: April-June 2024: Information Sources for Evaluation Phase I Project Team (25%) Phase II requirements Project Team (15%) Development Program (25%) Development Program (15%) Community Impact (20%) Community Impact (10%) Financial Plan (15%) Financial Plan (30%) Project Execution and Risk (15%) Project Execution and Risk (30%) 6/17/2024 2 Overall Estimated Near Term Schedule June 17-July 18 Aug 1-Nov 1 Nov 1-Mar 1 2025 Mar 1-August 1 2025 2025-26 2026-28 4 weeks 3 months 4 months 3-5 months n o i t a d n e m m o c e R n o i t a i t o g e N A N E n o i t a i t o g e N e s a e L d n u o r G e n o t s e l i M n g i s e D l a n F i Financing Applications Construction Council Consideration Mtg with URB/City/Stakeholders Milestones & Timeline ENA Terms Ground Lease Terms Final Detailed program expectations Detail Transaction Structure Updated Proforma Updated Design Drawings Final Design Drawings Final Transaction Structure Updated Proforma Updated Proforma Finalizing Funding Strategy & Document preparation Applications for Funding
URBAN RENEWAL BOARD MEETING SPECIAL CALLED MEETING MINUTES MONDAY, JUNE 17, 2024 The URBAN RENEWAL BOARD convened on MONDAY, June 17, 2024, at Street-Jones Building, 1000 E. 11th Street, Room 400A, Austin, TX 78702. CALL TO ORDER Chair Manuel Escobar called the Urban Renewal Board meeting to order at 6:16 p.m. with five members present. There is currently one vacancy on the board. Board Members/Commissioners in Attendance: Chair Manuel Escobar, Vice Chair Darrell W. Pierce, and Commissioners Kobla Tetey, Amit Motwani, and Jacqueline Watson were present. Board Members/Commissioners in Attendance Remotely: Commissioner Motwani attended remotely. Board Members Absent/off the dais at call to order: Commissioner Tam Hawkins was absent. PUBLIC COMMUNICATION: GENERAL Tracy Witte, Melvin Wrenn, Fannie Okingballa, Andrew Hairston APPROVAL OF MINUTES Minutes were not brought forward for approval. 1 DISCUSSION AND ACTION ITEMS Discuss and consider approval of a recommendation to Austin City Council regarding a Development team based on the 2023-4 Request for Proposals process for the future development of Blocks 16 & 18, at or near the 900 and 1100 blocks of East 11th Street, Austin, Texas 78702 (Anne Gatling Haynes, Austin Economic Development Corporation). Anne Gatling Haynes led discussion in preparation for the Executive Session. Following the Executive Session, the board reconvened in regular session. A motion was made by Chair Escobar, seconded by Commissioner Watson to conditionally recommend the proposal framework from the team Pleasant Hill Collaborative (PHC) to Council, and reserve the right to further negotiate specific details with PHC in the future. The recommendation was approved on a 4-1-0 vote, with Vice Chair Pierce voting nay. EXECUTIVE SESSION The Chair recessed the meeting for Executive Session at 6:31pm. Discuss legal matters related to the purchase, exchange, lease, or value of an interest in Blocks 16 and 18 located on East 11th Street in Austin (Private consultation with legal counsel - Section 551.071 of the Texas Government Code) Discuss real estate matters related to the purchase, exchange, lease, or value of an interest in Blocks 16 and 18 located on East 11th Street in Austin (Real Property - Section 551.072 of the Texas Government Code) The Chair closed Executive Session and reconvened the general session at 8:15pm. FUTURE AGENDA ITEMS • Further action in support of the FY2025 budget recommendation made to Council ADJOURNMENT Chair Escobar adjourned the meeting at 8:16p.m. without objection. The minutes of the June 17, 2024, special called meeting …
