HomeMy WebLinkAboutMinutes_GEDCO_04.16.2007Minutes of the Meeting of
the Georgetown Economic Development Corporation
City of Georgetown, Texas
Monday, April 16, 2007
The Georgetown. Economic Development Corporation of the City of Georgetown, Texas, met on
Monday , April 16, 2007.
Members Present:
Ben Oliver, Ron Shelly, Farley Snell, Henry Carr, Rick Smith
Members Absent:
Staff Present:
f licki Rundell, Finance Manager, Shirley Rirm, Executive Assistant/I )eputy City Secretary, Mark
Thomas, Director of Economic Development, Trish Carls, City Attorney, Geoi ge Gomez,
Economic Development Program Specialist
Minutes
Regular Meeting
The Meeting was called to order at 2:03 p.m.
Recessed into Executive session at 2:03 p.m.
Reconvened into Regular session at 3:10pm p.m.
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:
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 ieceived 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 Disci Iinary 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.
Action out of Executive Session:
Motion by Snell second by Oliverto authorize staff to proceed with negotiatiations with Airborn along
the guidelines discussed in Executive Session. Approved 5-0
Consideration and approval of the minutes from the Regular Board Meeting held Monday,
March 16, 2007--Farley Snell, Secretary
Motion Snell, second by Oliver to approve the ininutes from the Regular Board Meeting held
Monday, March 16, 2007. Approved 5-0
Consideration of the March 31, 2007 Financial Report--Micki Rundell, Finance Manager
Rundell gave the Board an overview of the Financial Reports, including monthly sales tax
revenues, monthly expenditures, budgetary report, and other relevant financial information,
including the bond issuance.
Discussion and possible action regarding the Project Progress Report. -- Mark Thomas, Economic
Development Director and Paul E. Brandenburg, General Manager
Mark Thomas gave the Board a positive overview of the discussions with the Biotech company he
has been talking to. He told the Board he expects that within the next 6 months the company will
make an announcement of its plans.
He told the Board that there are also two other Biotech prospects that are interested in
Georgetown and gave the Board an overview of their operations.
Tom Benz gave the Board an overview of the Project Lonestar (Citicorp) and the Loading Dock.
He told them that bids have gone out for the water/wastewater line for the Loading Dock. He
also told them that electric work is proceeding as planned on the Citicorp Project. He also gave
them an update on the progress of the construction of the wastewater line, as well as the cost
estimates and timeline for completion. He also told them about the possible realignment of Blue
Ridge Drive in order to preserve some heritage trees that were in the original path.
The Meeting was adjourned at 3:30 p.m.
Ron Shelly, President
Farley Snell, Corporate Secretary
GEDCO Minutes/April 16, 2007
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