HomeMy WebLinkAboutMinutes_GEDCO_03.21.2011Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, March 21, 2011
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, March 21, 2011.
Members Present:
Pat Berryman, Dale Ross, Tommy Gonzalez, John Marler
Members Absent:
John Kiltz
Staff Present:
Paul Brandenburg, General Manager, Micki Rundell, Finance Manager, Mark Thomas, Economic
Development Director, Shirley Rine, Executive Assistant to the City Manager, Mark Sokolow,
City Attorney, Micki Rundell, Finance Manager, Lauri Brewer Assistant Finance Director
Minutes
Regular Meeting
A. Consideration and possible action to elect officers to include President, Vice -President and
Secretary —Paul E. Brandenburg, General Manager
Motion by Ross, second by Marler to elect the current officers to be the officers for the upcoming
year as follows: Pat Berryman - President, Dale Ross - Vice President, and John Kilts - Secretary.
Approved 4-0 (Kiltz Absent)
B. Consideration and approval of the minutes from the Meeting held Monday, February 21,
2011--John Kiltz, Secretary
Motion by Gonzalez second by Marler to approve the minutes from the Regular Board Meeting
held Monday, February 21, 2011. (Approved 4-0, Kiltz absent)
C. Discussion and possible action regarding the Project Progress Report, including Airborn, Texas
Outdoor Powei Company, Enflite, McIntosh Holdings, LLC, Ringdale, and Radix BioSolutions.--
Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager
Thomas provided an overview of the current Projects. Ringdale provided backup information in
compliance with the Performance Agreement. He also told the Board that Lee McIntosh has
come forward with another request for 4A Funding with regard to Lone Star Circle of Care
relocating its headquarters to the Georgetonian. Discussion regarding ways that 4A funding
could possibly be utilized with regard to a project like this, including rent abatements. Further
discussion as to whether or not Lone Star Circle of Care would be considered the project if it was
deteriitined that it was eligible and get the check as opposed to Mr. McIntosh.
D Consideration of the February 28, 2011 Financial Reports--Micki Rundell, Finance Manager
Rundell went over the financial report, including expenses and sales tax. She indicated that a
payment has been made to Airborn and that sales tax for January was up 12 17%. She told the
Board that she anticipates that sales tax increases will level off. She believes that the increases have
been due to Citicorp and we are coming up on a year of those collections. Additionally, she told
the Board that when fuel prices increase sales tax revenues typically decrease.
Recessed into Executive Session at 4:15 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.
H. 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 Lincoln
- Project Grape
I. 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 5:02 p.m.
K. Action out of Executive Session
There was no action out of Executive Session.
Adjourned at 5:03 p.m.
Attest:
John Kilt, Corporate Sectary "Pat Berryman, Presiden
GEDCO Minutes/March 21, 2011
Page 2 of 2