HomeMy WebLinkAboutMinutes_GEDCO_04.25.2011Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, April 25, 2011
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, April 25, 2011.
Members Present:
Pat Berryman, Dale Ross, Tommy Gonzalez, John Mader
Members Absent:
Staff Present:
Paul Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley
Rinn, Executive Assistant to the City Manager, Mark Sokolow, City Attorney, Lauri Brewer
Assistant Finance Director
Regular Meeting
Discussion and possible action regarding the Project Progress Report, including
Airborn, Texas Outdoor Power 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. He said that there wasn't much to report.
He indicated that we continue to work with McIntosh. An Agreement has not been approved yet
and they are working with him on the landscaping and utilities.
B. Consideration and approval of the minutes from the Meeting held Monday, March 21,
2011--John Kiltz, Secretary
Motion by Kiltz, second by Ross to approve the minutes from the Regular Board Meeting held
Monday, March 21, 2011. (Approved 5-0)
C. Consideration of the March 31, 2011 Financial Reports--Micki Rundell, Finance
Manager
Brewer went over the financial report, including expenses and sales tax. Sales tax this reporting
period is 3% over the prior year. Discussion regarding Citicorp impact on sales tax, gasoline prices,
economic recovery and Certificates of Occupancy for new business. Staff will confirm if this is
reported on the monthly activity report provided to Council. There was also discussion that
Development Services had 35 review through the Development Review Committee, which is the
highest since 2008.
There was additional discussion regarding Silver & Stone, Hollandaise, Patty's and Plus 4 Dining
all closing their businesses.
D. Discussion and possible action to authorize the funding and hire an architectural firm to produce
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drawings illustrating the remodel of the City Offices Building located at 7 and Main
Streets. --Mark Thomas, Economic Development Director
Discussion regarding the possibility of authorizing the funding and hire an architectural firm to
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produce drawings illustrating the remodel of the City Offices Building located at 7 and Main
Streets. Thomas told the Board that its attorney, Jeff Moore, has indicated that funds cannot be
expended unless they are tied to a specific project. The funds cannot be expended on a
speculative property. If a commitment is made and a project is confirmed then 4A funds could
be used for this
There was further discussion regarding the deed restrictions on the properties. There was further
discussion regarding bidding requirements by the City if the building is to be sold. There was
further discussion about whether a precedent would be set if the 4A Board starts a design process
on a building prior to having an actual project for the property. It was determined that
discussion on this item should continue in Executive Session with regard to discussions
pertaining to Project Grape.
Recessed into Executive Session at 4:15pm.
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.
F. 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 Star
- Project Grape
G. Section 551 071. CONSULTATION WITH A 1"1 ORNEY
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 out of Executive Session at 5:05pm.
H. Action out of Executive Session
Motion by Berryman, second by Gonzalez for staff to follow the guidelines discussed in
Executive Session to negotiate a Performance Agreement with Project Grape to be brought
back to GEDCO for final approval. Approved 5-0
GEDCO Minutes/April 25, 2011
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Motion by Berryman, second by Marler for staff to follow the guidelines outlined in Executive
Session to obtain a letter from the Landlord to outline the parameters of the Agreement and
then develop a Performance Agreement with Lone Star Circle of Care and bring it back to the
Board for final approval. Approved 5-0
Adjourned at 5:10 p.m.
Attest:
John Kilt
Corporate '-cretary
Pat Berryman, President
GEDCO Minutes/Apnl 25, 2011
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