HomeMy WebLinkAboutMinutes_GEDCO_01.26.2009Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, January 26, 2009
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday,
January 26, 2009.
Members Present.
Rick Smith, Ron Shelly, Dale Ross, Ben Oliver, Pat Berryman
Members Absent:
Staff Present:
Paul E. Brandenburg, General Manager, Leticia Zavala, Controller, Trish Carls, City Attorney, Shirley
Rinn, Executive Assistant, Mark Thomas, Economic Development Director
Minutes
Regular Meeting
Called to Order at 2:05 p m
A Discussion and possible action regarding the Project Progress Report, including Hope
Lumber Company nka Pro -Build South, Citigroup, Vista Solutions, Loading Dock,
Airborn, Orthopeutics, the Beauty Escape Salon Texas Outdoor Power Company, and
Enflite -- Mark Thontas, Economic Development Director and Paul E. Brandenburg,
General Manager
Mark Thomas gave the Board an overview of the status of each of these projects .
B. Consideration and approval of the minutes from the Regular Board Meeting held
Monday, December 15, 2008 -- Ben Oliver, Secretary
Motion by Oliver, second by Ross to approve the minutes from the Regular Board
Meeting held Monday, December 15, 2008. Approved 4-0 (Berryman absent)
Consideration of the December 31, 2008 Financial Reports--Micki Rundell, Finance
Manager
Zavala gave the overview of the Financial Reports, including monthly sales tax
revenues, monthly expenditures, budgetary report, and other relevant financial
information.
She told them that Sales Tax Revenue is down about 8%. There was additional
discussion regarding the format of the reports and the information included in the
reports.
D. Discussion and possible action to approve a "Memorandum of Understanding with
the City of Georgetown regarding the Redevelopment of Truck Bays in Old Fire Station
No. 1 for Economic Development Purposes". --Mark Thomas, Economic Development
Director
Thomas gave the board a recap of the discussion held at the last GEDCO Meeting
regarding this item. He reiterated that this agreement only pertains to the historical
bays of the old Fire Station #1 facility With the Memorandum of Understanding in
place, the City/GEDCO will be in a position to move forward quickly to refurbish the
space if the winery or other business wants to come to Georgetown. Carls clarified that
this MOU is between GEDCO and the City of Georgetown (the owner of the building).
Berryman arrived at 2:15 p.m.
There was additional discussion as to whether or not demolition was ever considered as
an option as opposed to renovation, as well as discussion regarding rental rates on the
square and what the impacts would be if someone purchased the property at the
current market rates and then still had to factor in the cost of the necessary remodeling .
Motion by Oliver, second by Berryman to approve the draft form of the "Memorandum
of Understanding with the City of Georgetown regarding the Redevelopment of Truck
Bays in Old Fire Station No. 1 for Economic Development Purposes"
Recessed to Executive Session 2:20 p rn
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:
E. Section 551.072. DELIBERATION REGARDING REAL PROPERTY
Discussion and possible action to deliberate the purchase, exchange, lease or value of real property for purposes
authorized by Section 4A of Economic Development Act of 1979 (as amended) which discussion in open session
would have a detrimental effect on negotiations with third persons.
- Land/Infrastructure Task Force Report regarding strategic locations for GEDCO to invest in
infrastructure and possible land purchases for economic development purposes.
F. Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS
Deliberation regarding commercial or financial information that the corporation has received from a business
prospect that the Georgetown Economic Development Corporation seeks to have locate, stay, or expand in or
near the territory of the City of Georgetown and with which the Corporation is conducting economic
development negotiations; and/or deliberation regarding the offer of a financial or other incentive to a business
prospect that the Corporation seeks to have locate, stay, or expand in or near the territory of the City of
Georgetown.
- Land/Infrastructure Task Force Report regarding strategic locations for GEDCO to invest in
infrastructure and possible land purchases for economic development purposes.
G. 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.
H. Sec.551.074 PERSONNEL MATTERS
- Economic Development Director Compensation - Paul E. Brandenburg, General Manager
Reconvened into Regular Session at 3:12 p.in.
GEDCO Mu-lutes/January 26, 2009
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REGULAR SESSION:
The Board will reconvene in regular open session to take any action necessary related to any of the
above -posted executive session items.
I. Action from Executive Session
There was no action out of executive session.
Adjourned at 3:13 p.m.
Attest:
Ben Oliver, Corporate Secretary
Rick Smith, President
GEDCO Minutes/January 26, 2009
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