HomeMy WebLinkAboutMinutes_GEDCO_11.16.2009Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, November 16, 2009
!he Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday,
November 16, 2009.
Members Present:
Rick Smith, Ben Oliver, Pat Berryman, Dale Ross, Ron Shelly
Members Absent:
Staff Present:
Paul Brandenburg, General Manager, Micki Rundell, Finance Manager, Mark 1'houias, Economic
Development Director, Shirley Ruin, Executive Assistant to the City Manager, Mark Sokolow, City
Attorney
Regular Meeting
Called to order at 2:00 p.m.
Berryman introduced the new City Attorney to the Board, as well as the staff members who are present.
A. Discussion and possible action regarding the Project Progress Report. -- Mark Thomas,
Economic Development Director and Paul E. Brandenburg, General Manager
Thomas provided an overview of the projects the GEDCO Board has worked on. There
are no substantive changes from the last report. The cost for the Amante grease trap
was higher than the budgeted amount, but the Economic Development budget made up
the difference in cost Discussion about plans the City can and have iniplemented to
anticipate these type of cost overruns in the downtown area . Brandenburg told the
Board there are water/wastewater improvement plans in place, as well as the
Downtown TIRZ, which will have funds available for these types of iniproventents
Discussion regarding doing a possible analysis of the types of work that needs to be
done in the downtown area., including sidewalks, costs related to buried electrical lines,
water/wastewater, etc. Thomas told the Board that the QLD project is tabled for now as
the company was under a time crunch and is now looking at other resources capital
venture but may come back to the Board at a later time for equipment grants. He also
told the Board that the McIntosh project is also on hold due to the developer planting
trees on the property that weren't part of the landscape plan, as well as timing of the
placement of the electrical improveiuents.
He told the Board that when the Traffic Impact Analysis was done for the Airboin
project everything looked good on paper, but due to vehicles parking on the street,
Sneed Drive is effectively a one way road and needs to be widened very quickly in
order not to impact Airborn and whether or not new companies will move into the area .
Brief discussion regarding issues related to the cost of land and infrastructure issues.
Thomas also provided a brief review of status of the status of Hope Lumber and Vista
Solutions/Loading Dock.
B. Consideration and approval of the minutes front the Regular Board Meeting held
Monday, September 14, 2009--Ben Oliver, Secretary
Motion by Ross, second by Berryman to approve the minutes of the Regular Board
Meeting held on Monday, September 14, 2009. Approved 5-0.
Consideration of the October 31, 2009 Financial Report--Micki Rundell, Finance
Manager
Rundell provided an overview of the financial report. She told the Board that the City
weathered the past year pretty well. She told them that while our sales tax stayed
relatively flat, cities around us didn't fair as well. Discussion regarding when the
October sales tax numbers will be available and how the next couple of month's sales
tax numbers will be an indicator for the coming year. Discussion regarding our ability
to view the collection of sales tax by sector/industry. Discussion about the status of the
funds allocated for the Firehouse renovations and companies interested in the space.
Rundell also confirmed that GEDCO has $2.6M in unallocated funds, including
reserves. Additional discussion regarding wet/dry issue in Georgetown and the impact
that issue has with regard to winery and other restaurant businesses coming to
Georgetown.
D. Consideration of the Investment Report for Quarter ending September 30, 2009--Micki
Rundell, Finance Manager
Rundell provided an overview of the Quarterly Investment Report and provided
information regarding status of investments.
Recessed into Executive Session at 2.35 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:
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.
GEDCO Minutes/November 16, 2009
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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.
-Project Ringdale
-Project CU
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 3:08 p.nt.
H. Action out of Executive Session
No action out of Executive Session
Motion to adjourn at 3:09 p.m.
Attest:
Rick Sijiith, President
Ben Oliver, Corporate Secretary
GEDCO Minutes/November 16, 2009
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