HomeMy WebLinkAboutMinutes_GEDCO_04.20.2009Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, April 20, 2009
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday,
April 20, 2009.
Members Present:
Ron Shelly, Rick Smith, Dale Ross, Pat Berryman, Ben Oliver
Members Absent:
Staff Present:
Paul E. Brandenburg, General Manager, Leticia Zavala, Controller, Shirley Rinn, Executive Assistant,
Mark Thomas, Economic Development Director, Ed Polasek, Principal Planner, George Gomez,
Economic Development Program Specialist, Kevin Russell, Human Resources Director, Jii n Briggs,
Assistant City Manager for Utility Operations
Minutes
Regular Meeting
Meeting was called to order at 2:00 pan.
A Consideration and possible action to elect officers to include President, Vice -President
and Secretary —Paul E. Brandenburg, General Manager
Motion by Shelly, second by Ross to nominate Rick Smith for President, Pat Berry an
as Vice President, and Ben Oliver as Secretary. Approved 5-0.
Consideration and approval of the minutes from the Regular Board Meeting held
Monday, February 16, 2009 -- Ben Oliver, Secretary
Motion by Ross, second by Oliver to approve the minutes from the Regular Board
Meeting held Monday, February 16, 2009. Approved 5-0
C. Consideration and possible action related to a resolution of support concerning a
Pass -Through Financing Proposal for FM 1460--Ed Polasek, Principal Planner and Paul
E. Brandenburg, City Manager
Ed Polasek addressed the board and provided an overview of the item and explained
the reasons the Resolution of Support is being requested from the Board . He explained
to the board the parameters of Pass -Through Financing and told them this road is not
going to be a toll road and that eventually the City will be reimbursed by the State for
ridership on the road. There was discussion regarding if there were any
Motion by Berryman, second by Oliver to approve to a Resolution of Support
concerning a Pass -Through Financing Proposal for FM 1460. Approved 5-0.
D. Consideration of the February 28, 2009 and March 31, 2009 Financial Reports--Micki
Rundell, Finance Manager
Leticia 7avala Zavala gave the overview of the Financial Reports, including monthly
sales tax revenues, monthly expenditures, budgetary report and other relevant
financial information.
She explained the sales tax revenues and explained how Citicorp 's sales tax collection
last year has the numbers somewhat skewed and that taking that into account, the City
has collected about 6.5% less than last year and the City has budgeted for a 10%
decrease.
She also told the board that $150,800 was paid to Texas Outdoor Power Equipment.
Discussion regarding sales tax collection on the state level and how it compares to what
the City collects.
E. Consideration and possible action to approve an amendment to the 2008/09 annual.
GEDCO budget for adjustments related to the Economic Development Retainer--Micki
Rundell, Finance Manager
Zavala provided an overview of this item to the Board.
Motion by Ross, second by Berryman to approve an amend' tent to the 2008/09 annual
GEDCO budget for adjustments related to the Economic Development Retainer.
Approved
Recessed into Executive Session at 2:15 p.m.
EXECUTIVE SESSION:
The Georgetown Economic Development Corporation will meet in closed executive session as allowed by
Texas Open Meetings Act ("I exas Government Code Chapter 551), as follows:
N. Section 551.072. DELIBERATION REGARDING REAL PROPERTY
Discussion and possible actionto 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.
- Consideration and possible action regarding property in the Williams Drive Gateway-- Paul E
Brandenburg, General Manager
G. 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
GEDCO Minutes/April 20, 2009
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prospect that the Corporation seeks to have locate, stay, or expand in or near the territory of the City of
Georgetown.
- Project Firehouse
H. 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.
I. Sec.551.074 PERSONNEL MATTERS
- Economic Development Director Compensation - Kevin Russell, Director of Human Resources and
Paul E. Brandenburg, General Manager
Reconvened into Regular Session at 3:10 p. I.
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 from Executive Session
Motion by Berryman, second by Oliver to provide the Economic Director a retention bonus
in the structure discussed in Executive Session. Approved 5-0
Motion by Oliver, second by Berryman to approve the action discussed in Executive
session regarding the property in the Williams Drive Gateway . Approved 5-0
The Meeting was adjourned at 2:13 p m
Attest:
Rick Smith, President
Ben Oliver, Corporate Secretary
GEDCO Minutes/Apnl 20, 2009
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