HomeMy WebLinkAboutMinutes_GEDCO_11.15.2010Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, November 15, 2010
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, November 15, 2010.
Members Present:
Pat Berryman, Dale Ross, Tommy Gonzalez, John Marier, John Kiltz
Members Absent:
Staff Present:
Paul Brandenburg, General Manager, Mick Rundell, Finance Manager, Mark Thomas, Economic
Development Director, Shirley Rinn, Executive Assistant to the City Manager, Mark Sokolow,
City Attorney
Regular Meeting
Called to Order at 2:OOpm
Consideration and approval of the minutes from the Meeting held Monday, November 1,
2010 --John Kiltz, Secretary
Motion by Ross second by Mader to approve the minutes from the Meeting held November 1,
2010. Approved (4-0, Kiltz Absent)
B. Consideration of the October 31, 2010 Financial Report--Micki Rundell, Finance Manager
Kiltz arrived at 2:05 p.m.
Rundell told the Board that the September Sales tax is 14.74% higher than it was a year
ago. This is the 4th straight month of double digits and sales tax is 7.14% higher for the
year. Rundell said it looks like we are back on track with the 2008 figures. Discussion
regarding historical sales tax figures. She also told them the fund balance is very healthy
at 53.7M that is available for use for approved projects.
C. Discussion and possible action regarding the approval of a Performance Agreement
between GEDCO and McIntosh Holdings, LLC in an amount not to exceed 514,187.50 for
electrical improvements --Paul E. Brandenburg, General Manager
Brandenburg provided an overview of the history of the item. He told the Board that he
now has a receipt for the work performed. Discussion regarding all of his outstanding
issues and whether this item is an eligible project due to the project already being
completed.
Item discussion is postponed until after Executive Session.
No action was taken on this item.
D. Discussion and possible action regarding the utilization of Promotion Funds to retain a
consultant to market Downtown to wineries --Mark Thomas, Economic Development
Director
Thomas provided art overview of the request to hire Gene Richards as a consultant to
market wineries for Georgetown as part of the Winery Initiative. Discussion regarding
Mr Richard's background and credentials. Staff recommendation is to hire Mr. Richards
for at least 6 months at a yet undetermined hourly rate plus travel and expenses for up to
an amount not to exceed S20,000. There would be performance measures in place for him
to make at at least 12 site visits and bringing 1 to 2 wineries to Georgetown. Discussion
regarding placing parameters on travel expenses. Discussion regarding requirements for
Council Approval on contracts and agreements.
Motion by Berryman second by Marler authorizing staff to negotiate a contract for 3
months not to exceed S10,000 with Gene Richards to market wineries for Georgetown
with the option to extend the contract after 3 months. Approved 5-0
Recessed into Executive Session at 2:28 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:
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 the Development Corporation Act which discussion in open session
would have a detrimental effect on negotiations with third persons.
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
GEDCO Minutes/November 15, 2010
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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 Blue
- Project Lab II
- Project Win
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.
Reconvened into Regular Session at 3:44 p m
H. Action out of Executive Session
Motion by Berryman, Second by Kiltz to authorize staff to negotiate an Agreement with
Project Lab II per the terms discussed in Executive Session.Approved 5-0
Motion to adjourn at 3:45pm.
Attest:
John Kiltz t Corporate S='. retary
Pat Berry an, President
GEDCO Minutes/November 15, 2010
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