HomeMy WebLinkAboutMinutes_GTEC_02.02.2011Minutes of the Meeting of
Georgetown Transportation Enhancement Corporation
and the Governing Body of the
City of Georgetown, Texas
Special Meeting
Wednesday, February 2, 2011
The Georgetown Transportation Enhancement Corporation Special Meeting of the City of Georgetown,
Texas, met on Wednesday, February 2, 2011.
Board Members Present:
Gabe Sansing - President, Dale Ross- Vice President, Ray Armour - Secretary, Matthew Painter, Richard
Anderson, Paul E. Brandenburg - General Manager, Micki Rundell - Finance Manager
Board Members Absent:
Kevin Kelly, Tommy Gonzalez
Staff Present:
Jim Briggs, Jana Kern, Tom Benz, Ed Polasek, Mark Sokolow
OTHERS PRESENT:
Rusty Winkstern - Monument Cafe
Minutes
Regular Meeting
Mr. Gabe Sansing called the special meeting of the GTEC Board on Wednesday, February 2,
2011 at 4:00 PM.
Board may, at any time, recess the Regular Session to convene in Executive Session at the
request of the President, a Board Member, the City Manager in his capacity as General Manager
of the GTEC Corporation , the Assistant City Manager, or legal counsel for any purpose
authorized by the Open Meetings Act, Texas Government Code Chapter 551, and are subject to
action in the Regular Session that follows.
Board moved to item 'B'
A. EXECUTIVE SESSION CALLED TO ORDER
In compliance with the Open Meetings Act, Chapter 551, Government Code, Vernon’s Texas
Codes,
Annotated, the items listed below will be discussed in closed session and are subject to action in
the
regular session that follows.
Section 551.087 Government Code - Economic Development Incentives
- To discuss incentives as it pertains to 500 South Austin Avenue -- Mark Sokolow
B. RETURN TO REGULAR SESSION
- Discuss and possibly take action on the Fourth Amendment to Development
Agreement with 500 South Austin Avenue, L.P. -- Mark Sokolow
Discussion: It was stated that at the December 15, 2010 GTEC meeting the Board
approved the Fourth Amendment to the Development Agreement with 500 South Austin Ave
with the exception that the claw back to increased from the 10 - 20 percent to 50 percent. This
item was brought to Council on January 11, 2011 and January 25, 2011. Action was taken on
January 25, 2011 "Motion by Ross, second by Sansing to approve the contract with 500 South Austin with
pedestrian crossing at 5th and/or 6th street and with deletion of the first building to be completed by August 2011
and for the contract to be forwarded to the Georgetown Transportation Enhancement Corporation.
Sokolow said this would be the fourth amendment to the contract. Approved 7-0"
Action: Motion by Ross seconded by Painter to approve the Fourth Amendment to the
Development Agreement on 500 South Austin Avenue, LP.
Approved 5-0 (Kevin Kelly & Tommy Gonzalez absent)
C. Adjourn Meeting
Motion by Ross seconded by Painter to adjourn meeting.
Approved 5-0 (Kelly & Gonzalez absent)
Adjournment
The meeting was adjourned at 04:45 PM.
Approved : Attest:
_______________________ ________________________
Board Member Name Secretary