HomeMy WebLinkAboutMinutes_GEDCO_12.17.2007Minutes of the Meeting of
the Georgetown Economic Development Corporation
City of Georgetown, Texas
Monday, December 17, 2007
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday,
December 17, 2007.
Members Present:
Ron Shelly, Ben Oliver, Rick Smith
Members Absent.
Pat Berryman, Farley Snell
Staff Present:
Paul Brandenburg, General Manager, Micki Rundell, Finance Manager, Mark Thomas, Economic
Development Director, Trish Carls, City Attontey, Shirley Rinn, Executive Assistant, George Gomez
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 follozus.
1'he meeting was called to order at 2:04 p.m.
A Discussion and possible action regarding the Project Progress Report. -- Mark Thomas, Economic
Development Director and Paul E. Brandenburg, General Manager
Thomas gave the Board an overview of all of the active projects that the GEDCO Board approved,
including Citicorp, Vista Solutions, Airborn, TLCC, Orthopuetics, and other biotech companies.
Thomas told the Board that Citigroup is gearing up to move into the facility. Thomas also told
them that the process with Citicorp has been very smooth. Vista Solutions still has not provided
their reporting regarding job that have been created. Thomas told the Board that City staff will be
following up in writing l homas told the Board that waterline is completed, but that there have
been some issues with the Loading Dock related to some building issues. Brandenburg and
Thomas gave the Board a quick overview of other issues regarding downtown businesses and
following through with approval of projects according to the plans. There was a brief discussion
regarding the timeline for Airborn. There were further updates regarding
B. Consideration and approval of the minutes from the Regular Board Meeting held Monday,
November 19, 2007--Farley Snell, Secretary
Motion by Oliver, second by Smith to approve the minutes from the Regular Board Meeting held
Monday, November 19, 2007. Approved 3-0 (Berryman and Snell absent)
GEDCO Minutes/December 17, 2007
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C. Consideration of the November 30, 2007 Financial Report--Micki Rundell, Finance Manager
Rundell introduced Leticia Zavala to the Board. She noted to the board that there is a
Reconciliation Statement included in the financials.
There was a discussion regarding the Financial Reports, which included monthly sales tax
revenues, monthly expenditures, a budgetary report, and other relevant financial information,
including bond issuance and debt.
The Board recessed into Executive Session at 2:17 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, lease or value of real property for purposes
authorized by Section 4A of Economic Development Act of 1979 (as ainended) 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 info' illation 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; andior 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 Power
E. 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.
1'he Board adjourned out of Executive Session at 3:42 p.m.
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.
G. Action from Executive Session.
There was no action from Executive Session
The meeting was adjourned at 3:42 p.m.
Attest:
t
Farley Snell, Corporate Secretary
r. > '
Ron Shelly, President
GEDCO Minutes/December 17, 2007
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