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Mueller Development: Budget & TIF Timeline

Wednesday, August 12, 2020 Mueller Local Government Corporation (MLGC) Board of Directors MLGC Meeting
  • The Mueller Local Government Corporation approved its operating budget for 2021.
  • Discussions confirmed the Mueller district's Tax Increment Financing (TIF) is set to conclude in 2032.
  • A new vice-chair was appointed to the corporation.

Full Transcript

Mueller Local Government Corporation Meeting Transcript – 08/12/2020 Title: City of Austin Channel: 6 - COAUS Recorded On: 8/12/2020 6:00:00 AM Original Air Date: 8/12/2020 Transcript Generated by SnapStream ================================== Please note that the following transcript is for reference purposes and does not constitute the official record of actions taken during the meeting. For the official record of actions of the meeting, please refer to the Approved Minutes. I am now going to convene the Mueller local government corporation here on -- it's a continued meeting from yesterday. It's posted for August 12th, 2020. We just carried it over to today. Some councilmembers weren't feeling well yesterday. We've carried it over. It's being held virtually. [11:42:06 AM] Ms. Rabb, do you want to take us through this? Is this a consent agenda we can handle. >> Yes, you can handle the three items. >> Mayor Adler: Okay. Do you want to tell us what the three items are? >> Yes. Minutes from September 10th, 2019. Appointment of the vice-chair, and approval of the operating budget for 2021. >> Mayor Adler: Is there a motion to approve the consent agenda? Councilmember Ellis makes the motion. Seconded by councilmember alter. Any discussion? Those in favor of the consent agenda please raise your hand? Those opposed? It is unanimous on the dais. >> Renteria: Mayor, I just had one really quick question. How long do we have on the existing tif before it expires? >> The last of the bonds will be paid off in 2032. >> Renteria: Thank you. >> Mayor Adler: Okay. Having handled all the business of the Mueller [11:43:07 AM] district here at 11:42, this meeting is adjourned