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HomeMy WebLinkAboutMinutes_GEDCO_01.23.2006utes of the Meeting of the Georgetown Economic Development Corporation City of Georgetown, Texas Monday, January 23, 2006 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday , January 23, 2006. Members Present: Ron Shelly, Rick Smith, Farley Snell, Ben Oliver Members Absent: Henry Carr Staff Present: Paul E. Brandenburg, General Manager, Micki Rundell, Finance Manager, Mark Thomas, Director of Economic Development, George Gomez, Economic Development Program Specialist, Shirley Rinn, Deputy City Secretary, Patricia E. Carls, City Attorney ute5 Regular Meeting Call to Order at 02:00 PM Meeting was called to order at 2:00 p.m. REGULAR SESSION: Board may, at any time, recess the Regular Session to convene in Executive Session at the request of the Chair, a Board Member, the City Manager, Assistant City Manager, City Council Member, 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. Recessed at 2:02 p.m. into Executive Session EXECUTIVE SESSION: The Georgetown Economic Development Corporation will meet in closed executive session as allowed by Texas Open Meetings Act (Texas Government Code Chapter 551), as follows: A. Section 551.072. DELIBERATION REGARDING REAL PROPERTY Discussion and deliberation regarding the purchase, exchange, lease, or value of real property for economic development purposes. B. Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. Discussion and deliberation regarding commercial or financial information that the Board has received from business prospects that that the Board seeks to have locate, stay, or expand in or near the City of Georgetown, and with which the Board is conducting economic development negotiations, and deliberation of the offer of a financial or other incentive to a business prospect that the Board seeks to have locate, stay, or expand in or near the City of Georgetown, and with which the Board is conducting economic development negotiations. C. Section 551.071. CONSULTATION WITH ATTORNEY. Consultation with attorney regarding legal issues related to agenda items and other matters in which the duty of the attorney to the Georgetown Economic Development Corporation under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas. Reconvened in Regular Session at 3:12 p.m. REGULAR SESSION: D. Action from Executive Session. D-1. Discussion and possible action to approve a resolution regarding "Project Shawn" - Paul Brandenburg, General Manager and Mark Thomas, Director of Economic Development Motion by Snell second by Smith to approve a resolution regarding "Project Shawn" Approved 4-0. D-2. Discussion and possible action regarding the purchase of a computer model/software called "Economic Analysis Computer Model for Georgetown, Texas" from "Impact Datasources" relating to the calculation of the Return on an Investment (ROI) at a cost of approximately $4,250.00 - Paul Brandenburg, General Manager and Mark Thomas, Director of Economic Development Discussion regarding the model and its uses Further discussion whether this should be a City Council expense vs. a 4A Board expense since it would be utilized by the City and not just the 4A Board. Motion by Oliver second by Smith to direct the General Manager to approach the City Manager to pay for this expenditure. There was a clarification that this item relates specifically to the cost of this software and further discussion regarding training, support, etc. for the software. There was additional discussion regarding the parameters of the software and what it could provide. Approved 4-0. January 23, 2006/GEDCO Minutes Page 2 of 4 E. Consideration and approval of the minutes from the Regular Board Meeting held Tuesday, December 13, 2005 — Farley Snell, Secretary Motion by Snell second by Oliver to approve of the minutes from the Regular Board Meeting held Tuesday, December 13, 2005. Approved 4-0. F. Consideration and possible action to Establish Terms of Office -- Paul E. Brandenburg, General Manager Motion by Oliver, second by Shelly to Establish Terms of Office as follows: 2007 - Henry Carr 2007 - Rick C. Smith 2008 - Ron Shelly 2008 - Ben Oliver 2008 - Farley Snell Approved 4-0. G. Review of the December 31, 2005 financial report, and discussion and possible action or direction to the General Manger and the Finance Manager for developing an interim budget for 2006 - Micki Rundell, Finance Manager Runde11 gave the Board an overview of the draft GEDCO five-year proposed budget format. She told the Board that this information will be provided to the Board on a regular basis. There was additional discussion regarding what needs to be done to get something before the Board to determine a strategy or basis for making decisions, as well as discussion regarding the current Economic Development Action Plan and how it can be utilized Brandenburg informed the Board that the Action Plan is in the process of being updated. Shelly indicated that he would like an item brought before the Board in March or April to discuss investment strategies that the Board can utilize to make decisions. Rundell told the Board that she would present a Budget at the next Board Meeting H. Discussion regarding HB 914 regarding Conflicts Disclosure Statement for Local Government Officers and Conflict of Interest Questionnaire for Vendors — Patricia E. Carls, City Attorney Trish Carls addressed the Board about the new requirements mandated by the State Legislature. She told them that the Sales Tax Training they attended in December does not January 23, 2006/GEDCO Minutes Page 3 of 4 count toward the training requirements for Open Meetings and Open Records now mandated by the state She told the Board that they would need to attend both the Sales Tax Training, as well as the Open Meetings and Open Records trainings. The Board was told that there would be a training session available for them to attend on February 22, 2006 at 6:OOpm in the City Council Chambers at the annual Boards & Commissions' new member orientation if they wanted to attend. She also told them they could obtain the training online if they would prefer to meet the requirements in that venue. She went on to briefly discuss the requirements under House Bill 914 regarding Conflicts Disclosure Statement for Local Government Officers and Conflict of Interest Questionnaire for Vendors. I. Discussion and possible action to set date for next Corporation meeting for Monday, February 20, 2006 at 2:OOpm. The next meeting was sent for Monday, February 20, 2006 at 2:OOpm J. Adjourn. Motion by Oliver, second by Snell to Adjourn. The Meeting was adjourned at 3:40 p.m. Attest: Shi' +"iZunn ,Deputy City Secretary January 23, 2006/GEDCO Minutes Page 4 of 4 Farley Snell, Secretary