HomeMy WebLinkAboutMinutes_GEDCO_11.01.2010Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, November 1, 2010
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, :-member 1, 2010
Members Present:
Dale Ross, John Marler, John Kiltz, Tommy Gonzalez
Members Absent
Pat Berryman
Staff Present:
Paul Brandenburg, General Manager, Mick Rundell, Finance Manager, Laurie Brewer, Assistant
Director of Finance, Mark Thomas, Economic Development Director, Shirley Rinn, Executive
Assistant to the City Manager, Mark Sokolow, City Attorney
Regular Meeting
Call to order at 2:02 p.m.
A. Discussion and possible action regarding the Project Progress Report, including Hope Lumber
Company, Airborn, Texas Outdoor Power Company, Enflite, McIntosh Holdings, LLC, Ringdale,
and Radix BioSolutions-- Mark Thomas, Economic Development Director and Paul E. Brandenburg,
General Manager
Update on projects. Staff is following up with Hope Lumber regarding compliance.
Consideration and approval of the minutes from the Meeting held Monday, September 20,
2010--John Kiltz, Secretary
Motion by Kiltz, second by Marler to approve the minutes from the Meeting held September 20,
2010. Approved (Berryman absent)
C. Consideration of the September 30, 2010 Financial Reports--Micki Rundell, Finance Manager
Rundell provided an overview of the report. She told the Board that revenues are still good and
that we are about 6 1/2% higher than expected. We are sitting above where we were prior to the
recession. Micki told the Board they will do a complete sales tax presentation in January. The
Board requested that outside legal firm invoices be provided to the Board for their information.
Discussion regarding fund balance available for projects.
D. Discussion and possible action regarding a breakdown of the projected usages of the marketing
budget --Mark Thomas, Economic Development Director
Thomas provided an overview of his request at the last meeting for an increase in the marketing
budget for Economic Development. He then provided an overview of the projected breakdown
of projected usages. Everything listed in this breakdown is above and beyond what is done now.
Discussion regarding possible scenarios for marketing opportunities. Discussion regarding how
to measure the results of the marketing efforts. Discussion as to whether or not communities
u tilize 10% of their 4A funding for marketing Discussion regarding whether the reasons for
u tilizing this funding in this manner of outsourcing vs. hiring new employees for the Economic
Development Department. Discussion regarding the need for the Board being informed about the
expenditure of the funds.
E. Consideration and possible action regarding the approval of a budget amendment for marketing
programs--Micki Rundell, Finance Manager
Brewer provided the action item to amend the budget with regard to marketing programs outlined
above.
Motion by Kiltz, second by Marler to amend the budget in the amount of $80,000 with regard to
marketing programs. Approved (Berryman absent)
F. Consideration and possible action regarding the approval of a budget amendment for Economic
Development Projects--Micki Rundell, Finance Manager
This Item was discussed after Item H.
Brewer provided the details of the Amendment request.
Motion by Marler, second by Kiltz to approve a budget amendment in the amount of $50,000 for
Economic Development Projects Approved (Berryman absent)
G. Discussion and possible action regarding the project eligibility review form --Mark Thomas,
Economic Development Director
Thomas thanked the subcommittee for their work on this project. He and John Kiltz provided an
o verview of the intent of the Eligibility Review Form. Further discussion regarding the premise
for developing the Eligibility Review Form and the expected outcomes by the utilization of the
form. Discussion regarding the possible need to shore up some of the language to be more
specific. Discussion regarding the need to put a definitions and/or examples of "hard costs" vs
"soft costs" in the Form. Once finalized, the form will be placed on the website and also provided
to the Council for their information,
Motion by Gonzalez, second by Ross, to approve the Project Eligibility Review Form with
amendments related to the discussion regarding "hard costs" Approved (Berryman absent)
GEDCO Minutes/November 1, 2010
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Discussion and possible action regarding the approval of an Agreement with the Texas Life
Sciences Commercialization Center (TLCC)--Mark Thomas, Economic Development Director
Thomas provided an overview of the Agreement for TLCC.
Motion by Marler, second by Gonzalez to approve of an Agreement with the Texas Life Sciences
Commercialization Center. Approved (Berryman absent)
Recessed into Executive Session at 2:45am
EXECUTIVE SESSION
1'he Georgetown Economic Development Corporation will meet in closed executive session as allowed by Texas
Open Meetings Act (Texas Government Code Chapter 551), as follows:
I. 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 the Development Corporation Act which discussion in open session would have a detrimental
effect on negotiations with third persons.
J. 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.
- Discussion regarding Project Win.
- Discussion regarding Project Lab II
- Discussion regarding Project Blue
K. 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 into Regular Session at 3:30pnt
L. Action out of Executive Session
No Action out of Executive Session
Motion to adjourn at 3:31pni.
Attest:
John Kiltz Corporateecretary Dale Ross, Vice President
GEDCO Minutes/November 1, 2010
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