HomeMy WebLinkAboutMinutes_GEDCO_03.20.2006Minutes of the Meeting of
the Georgetown Economic Development Corporation
City of Georgetown, Texas
Monday, March 20, 2006
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday , March 20, 2006.
Members Present:
Ben Oliver, Vice -Chair, Farley Snell, Secretary, Henry Carr, Rick Smith
Members Absent:
Ron Shelly, Chair
Staff Present
Paul E Brandenburg, Mark Thomas, Shirley J. Rinn
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.
Vice Chair Ben Oliver called the meeting to order at 2:OOpm
The meeting was recessed to Executive Session at 2:03pm.
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:
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.
The Board reconvened from Executive Session at 3:OOpm.
Action out of Executive Session
Motion byCarr second Smith to authorize staff to negotiate performance agreement with
Project Yogurt for an incentive not to exceed $30,000. Approved 4-0 (Shelly absent)
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,
February 20, 2006--Farley Snell, Secretary
Motion by Smith, second by Carr to approve the minutes from the Regular Board Meeting
held on Monday, February 20, 2006. Approved 4-0 (Shelly absent)
E. Discussion and update regarding status, training and and use of the computer
model/software called "Economic Analysis Computer Model for Georgetown, Texas" from
"Impact Datasources" relating to the calculation of the Return on an Investment (ROI) -
Mark Thomas, Director of Economic Development
Thomas provided the Board an overview of how the model is used for a potential project.
Thomas explained that the program does allow the ability to change variables to study the
impacts of changing those variables.
F. Update on Precision Machining Training Program --Mark Thomas, Director of Economic
Development
Brandenburg gave the Board an overview of where this program is to date. Thomas went
over the proposed timeline for implementing the Precision Machining Training Program.
This item was supposed to be discussed with. the GISD Board of Trustees at its March 20,
2006 meeting, however, it has been postponed to a later date due to an illness.
They also discussed the organization of the Precision Maching Advisory Board and its role
in the program There was a clarification that the 4A Board is willing to provide the initial
money needed to purchase the equipment, but that it was not going to provide an ongoing
contribution. The goal is to have this program in place by Fall 2006.
GEDCO Minutes/March 20, 2006
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The meeting was adjourned at 3:15pm
Attest:
Shir
Farley Snell, Secretary
GEDCO Minutes/March 20, 2006
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