HomeMy WebLinkAboutMinutes_GEDCO_03.03.2008Minutes of the Meeting of
the Georgetown Economic Development Corporation
City of Georgetown, Texas
Monday, March 3, 2008
1'he Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday,
March 3, 2008.
Members Present.
Ron Shelly, Rick Smith, Pat Berryman, Ben Oliver
Members Absent.
Farley Snell
Staff Present:
Paul Brandenburg, General Manager, Mark Thomas, Economic Development Director, Trish Carls, City
Attorney, George Gomez, Economic Development Program Specialist, Glenn Dishong, Water Services
Manager, Micki Rundell, Finance Manager, Leticia Zavala, Controller, Jim Briggs Assistant City Manager
for Utility Operations, Tom Benz, System Engineer, Shirley Rinn, Executive Assistant to the City
Manager
Minutes
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.
Called to Order at 2:10p.m.
A. Consideration and approval of the minutes from the Regular Board Meeting held
Monday, December 17, 2007--Farley Snell, Secretary
Motion by Oliver, second by Smith to approve the minutes from the Regular Board
Meeting held Monday, December 17, 2007. Approved 3-0 (Snell and Berryman absent)
B. Consideration and possible action to elect officers to include President, Vice -President
and Secretary —Paul E. Brandenburg, General Manager
Pat Berryman arrived at 2:12 p m
Motion by Ron Shelly, second by Berryman to nominate Rick Smith for President
Approved 4-0.
Motion by Ben Oliver, second by Ron Shelly to nominate Pat Berryman as Vice
President. Approved 4-0.
Motion by Ben Oliver, second by Rick Smith to nominate Ben Oliver as Secretary.
Approved 4-0.
C. 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/Loading Dock, Airborn, TLCC,
Orthopuetics, and other biotech companies.
D. Consideration of the December 31, 2007 and January 31, 2008 Financial Reports--Micki
Rundell, Finance Manager
Leticia Zavala gave the Board an overview of the Financial Reports, including monthly
sales tax revenues, monthly expenditures, budgetary report, and other relevant
financial information. She told the Board that they have done a different format of the
reports and would like the Board's feedback on the format.
E. Acceptance of the Quarterly Investment Report for the Georgetown Economic
Development Corporation (GEDCO) for the quarter ended December 31, 2007--Micki
Rundell, Finance Manager
Rundell presented the Quarterly Investment Report to the Board and explained the
reporting requirements as well.
Consideration and possible action regarding wastewater line capacity increase serving
the Inner Loop Road area-- Mark Thomas, Economic Development Director and Paul E.
Brandenburg General Manager
Brandenburg gave an overview of the need for additional wastewater capacity
relationship between this item and Airbornt. There was additional discussion regarding
the original intent of the Economic Development Sales Tax and where it has evolved to
today.
Discussion as to whether or not Airborn understood that the prior agreement pertained
to a specific piece of property and that if they didn't go on that site that agreement
would not pertain to a new site.
I'homas told the Board that the site in Longhorn Junction that Airborn is interested in
will need to have additional wastewater capacity in order to support the project.
Dishong explained to the Board that the City has utility masterplan that is utilized to
plan installation of water/wastewater infrastructure, and if you look at the City's
current 5 and 10 year Capital Improvement Plans, there are some planned
infrastructure improvements m this area scheduled over the next several years .
GEDCO Minutes/March 3, 2008
Page 2 of 4
However, the timing of the projects planned in this area is impacting the need to
accelerate the installation of this infrastructure.
There was a question from the Board as to why the capacity. isn't already in place.
Briggs told the Board the City applied for and received a grant from the Department of
Commerce in 1991 whereby 50% of the needed infrastructure was put in place. At that
time the planned use for that area was different than it is today . While the City
currently has plans to install the infrastructure, the timing of current projects has
accelerated the need to install the infrastructure improvements .
There was further discussion regarding the participation of Developments in areas
where the infrastructure needs to be increased .
Dishong gave the Board an overview of the current land use, as well as the
improvements that will need to be made in the affected area because of the
unanticipated uses of the area. He gave further overview of all of the restraints in the
system. He indicated that staff would prefer to build the whole line at one time instead
of doing small sections at a time.
There was additional discussion regarding short and long term wastewater needs for
the area and what needs to happen in order to stay ahead of the curve of need .
Per Dishong, the City can get it in the budget next fiscal year, but it needs to happen
now. The question is whether the 4A board can loan the City the money necessary to
move forward with the installation of the infrastructure and then be paid back by the
City in the next fiscal year?
Recessed into Executive Session at 3:15 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:
G. 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.
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 Core
- Downtown Project
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.
GEDCO Minutes/March 3, 2008
Page 3 of 4
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.
J. Action from Executive Session.
Executive Session was recessed at 3:45pm for a break and reconvened at 3:51p m
Reconvened into open session at 4:03 pm returned to open session.
Motion by Berryman, second by Oliver to recommend that the City Council approve a
51.5M budget amendment to accelerate the Smith Branch WW Interceptor into the 2007/08
Capital Improvement Plan from the 2008/09 CIP which has not yet been adopted by City
Council '!his action will appropriate funding for the project, thus increasing the current
year CIP and reducing next year's CIP In addition, the Board also recommends that the
City Council approve a bond reimbursement resolution for S1.5M for bonds to be issued at
a later date (May 2009) for funding this project if necessary. Approved 4-0.
Motion by Berryman, second by Shelly to direct staff to work with consultants, experts and
other EDC's to research and provide information to the Board about the use of 4A funds for
spec projects including water, wastewater, land, infrastructure the purchase of property
and the construction of buildings. Approved 4-0
Motion by Shelly, second byBerryman to begin negotiations to enter into a Performance
Agreement with Kenny Nguyen up to 510,700 to install electrical infrastructure
improvements to his downtown property. Approved 4-0.
Motion by Berryman, second by Oliver to begin negotiations with Covclant Corvelant(as
corrected at the April 21, 2008 GEDCO Meeting to enter into a Performance Agreement for
$3,000 per job created up to 53 jobs. Approved 4-0.
1he Meeting was adjourned at 4:15 p m
Attest:
Rick Smith, President
Ben !liver, Corporate Secretary
GEDCO Minutes/March 3, 2008
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