HomeMy WebLinkAboutMinutes_GEDCO_04.17.2006Minutes of the Meeting of
the Georgetown Economic Development Corporation
City of Georgetown, Texas
Monday, April 17, 2006
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday , April 17, 2006.
Members Present:
Ron Shelly, President, Rick Smith, Henry Carr, Ben Oliver, Vice President
Members Absent:
Farley Snell, Secretary
Staff Present:
Mark Thomas, Economic Development Director, Micki Rundell, Finance Manager, George
Gomez Economic Development Program Specialist, Paul Brandenbur, Manager, Trish Carls, City
Attorney
Regular Meeting
Meeting was called to order at 2:00pm
Recessed at 2:00 pm to Executive Session
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 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.
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.
Reconvened to Regular Session at 2:25pm
D. Action from Executive Session.
D-1. Discussion and possible act -ion to approve a Resolution and Performance Agreement
regarding "Project Vista" — Paul Brandenburg, General Manager and Mark 'lhomas,
Director of Economic Development
Motion by Smith second by Oliver to approve a Resolution related to Project Vista
and to revise the Performance Agreement regarding ' Project Vista" so that it is clear
that the the number of jobs brought to Georgetown on August 1, 2006 is known and to
then again measure the number of jobs on August 1, 2007 and that if the positions are
maintained and filed at that time, then the company is entitled to the $3,000 grant per
job up to a maximum of $30,000 and that the Performance Agreement also clarify that
the total is based upon the total annual compensation of $60,000 and not just the
salary.
Approved 4-0 (Snell absent)
E. Consideration and approval of the minutes from the Regular Board Meeting held Monday,
March 20, 2006--Farley Snell, Secretary
Motion by Carr second by Oliver to approve the minutes from the Regular Board Meeting
held Monday, March 20, 2006. Approved 4-0 (Snell Absent)
F. Consideration of the March 31, 2006 Financial Report - Micki Rundell, Finance Manager
Rundell provided the monthly financial report to the Board and went over the details in the
report, which included monthly sales tax revenues, monthly expenditures, a budgetary
report, and other relevant financial information. She also told the Board that sales tax
continues to be strong and is over 30% higher than expected.
GEDCO Agenda&Apnl 17, 2006
Page 2 of 3
G. Update on Precision Machining Training Program --Mark Thomas, Director of Economic
Development.
Thomas addressed the board, gave them an update of the work done to date on this project
and provided a draft Project Overview of the Precision Machining Training Program. He
also explained to the Board the law that allows the Board to provide a grant to GISD for this
program. He also provided a draft Resolution for the Board's review, as well as a draft of
the proposed Memorandum of Understanding with GISD. the Board wanted to make sure
that students would have the flexibility to enter the program and still meet the
requirements of graduation based on the criteria described in the program overview. There
was further discussion regarding performance measures of the program, as well as the type
of training that would be provided in the program and the the equipment that would be
used. The Board went on to discuss the specifics of whether or not agreement should be set
up as a Memorandum of Understanding or a Performance Agreement. They also discussed
issues related to the ownership of the equipment. There was additional discussion
regarding how the budget will be set up once funds begin to be expended and how the
assets will be accounted for in the budget.
Thomas told the Board who the Advisory Board Members were.
The meeting was adjourned at 3:04 pm.
Attest:
Shirley Rinn , r ty City Secretary
Farley Snell, Secretary
GEDCO Agenda/Apnl 17, 2006
Page 3 of 3