HomeMy WebLinkAboutMinutes_GEDCO_10.17.2011Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, October 17, 2011
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, naet on
Monday, October 17, 2011.
Members Present:
Rachael Jonrowe, Tommy Gonzalez, John Kiltz, John Marler
Members Absent:
Pat Berryman
Staff Present:
Paul E Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley
Rmn, Executive Assistant, Laurie Brewer, Deputy City Manager, Micki Rundell, Finance Manager,
Bridget Chapman, Acting City Attorney
Regular Meeting
Called to Order at 4:30 p.m.
A. Discussion and possible action regarding the Project Progress Report, including
Airborn, Enflite Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, and
Georgetown Winery. -- Mark Thomas, Economic Development Director and Paul E.
Brandenburg, General Manager.
Economic Development is ,Moving to the old Fire Station next week in preparation of Grape
Creek moving into the Visitor's Center.
Georgetown Winery is purchasing equipment.
B. Consideration and approval of the minutes from the Meeting held Monday, September
19, 2011--John Kiltz, Secretary
Motion by Gonzalez, second by Marler to approve the minutes from the Meeting held
Monday, September 19, 2011. Approved 4-0 (Berryman absent)
C. Consideration of the September 30, 2011 Financial Reports--Micki Rundell, Finance
Manager
Rundell provided an overview of sales tax revenues. They are flat, but not negative and
we are still ahead of projections. She told the Board that any projects that didn't fund
will carry forward to FY 2011-12. The report at the end of the year that will include
carryover funds. Fhere was additional discussion regarding the sales tax drop in July.
Rundell told the Board that information should be available in November with the Stars
Report.
Recessed into Executive Session at 4:35 p.m.
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:
D. Section 551.072. DELIBERATION REGARDING REAL PROPERTY
Discussion and possible action to deliberate the purchase, exchange, Iease or value of real property
for purposes authorized by the Development Corporation Act which discussion in open session
would have a detrimental effect on negotiations with third persons.
E. 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.
- Project Fuse
F. 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.
G. Action out of Executive Session
Reconvened at 4:42 p.iii.
Motion by Kiltz second by Gonzalez to Approve Performance Agreement with Project Fuse
under the terms outlined in Executive Session Approved 4 0 (B.erryman absent)
Adjourned at 4:45 p.in.
Attest:
John Kiltz Corporate '',,cretary Pat Berryman, Piesident
GEDCO Minutes/October 17, 2011
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