HomeMy WebLinkAboutMinutes_GEDCO_12.12.2006Minutes of the Meeting of
the Georgetown Economic Development Corporation
City of Georgetown, Texas
Tuesday, December 12, 2006
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Tuesday , December 12, 2006.
Members Present:
Ron Shelly, President, Ben Oliver, Vice President, Farley Snell, Secretary, Rick Smith, Henry Carr
Members Absent:
Staff Present:
Paul E. Brandenburg, General Manager, Leticia Zavala, Acting Assistant Finance Director, Mark
Thomas, Economic Development Director, Jim Briggs, Assistant City Manager for Utility
Operations, Tom Yantis, Assistant City Manager, George Gomez, Economic Development
Program Specialist, Shirley J. Rinn, Executive Assistant/Deputy City Secretary, Patricia E. Carls,
City Attorney
Minutes
Regular Meeting
Called to order 2.02p.m.
Regular Meeting
REGULAR SESSION:
Board may, at any time, recess the Regular Session to convene in Executive Session at the request of the
Chair, a Board Member, the City Manager, Assistant City Manager, City Council Member, or legal
counsel for any purpose authorized by the Open Meetings Act, Texas Government Code Chapter 551,
and are subject to action in the Regular Session that follows.
EXECUTIVE SESSION:
i'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:
A. 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.
B. 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.
C. 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.
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
D. Consideration and approval of the minutes from the Regular Board Meeting held Monday,
November 20, 2006--Farley Snell, Secretary
Motion by Carr second by Oliver to approve the minutes from the Regular Board Meeting
held Monday, November 20, 2006, as corrected by Shelly. Approved 5-0.
E. Consideration of the November 30, 2006 Financial Report---Micki Rundell, Finance Manager
Zavala told the Board that they received an amended Financial Report for September 30,
2006, as well as for November 31, 2006.
Zavala gave the Board an overview of the Financial Report, including monthly sales tax
revenues, monthly expenditures, budgetary report, and other relevant financial
information.
There was a clarification of the descriptions of unreserved vs. contingency funds.
There was discussion regarding the difference between last year and this year with regard
to sales tax collected. Shelly requested that the Sales Tax History be compared to the prior
reports on future reports.
Discussion regarding project reporting to the Board. Request for there to be a standing
Agenda item for project summaries.
F. Consideration and possible action to approved an amended Resolution and Performance
Agreement regarding Citigroup North America, Inc (also referred to as Project Lee) --Paul
Brandenburg, General Manager and Mark Thomas, Director of Economic Development
Carls and Briggs explained the amendments that were made to the Performance
Agreement since it was last approved by the GEDCO Board.
Motion by Snell second by Smith to approve a Performance Agreement regarding Citicorp
North America, Inc , the Project formerly referred to as "Project Lee". Approved 5-0.
G. Discussion and possible action to approve a Performance Agreement for the Loading Dock
-- Paul E. Brandenburg, City Manager and Mark Thomas, Economic Development Director
Carls gave an overview of the requirements in the Performance Agreement.
GEDCO Minutes/December 12, 2006
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Motion by Carr second by Smith to approve a Performance Agreement for the Loading
Dock. Approved 5-0.
Brandenburg gave the Board an overview of the procedure for the Infrastructure
Improvements. He told them that this project would come back during the budget in the
Capital Improvement Plan.
Motion to Adjourn.
Adourned at 2:25 p.m.
Attest:
Farley Snell, Secretary
Ron Shelly, President
GEDCO Minutes/December 12, 2006
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