HomeMy WebLinkAboutMinutes_GEDCO_05.11.2009Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, May 11, 2009
I`he Georgetown Economic Development Corporation of the City of Georgetown., Texas, met on Monday,
May 11, 2009.
Members Present:
Pat Berryman, Ron Shelly, Dale Ross
Members Absent:
Rick Smith, Ben Oliver
Staff Present:
Paul Brandenburg, General Manager, Micki Rundell, Finance Manager, Laurie Brewer, Assistant
Director of Finance, Mark Thomas, Economic Development Director, George ConLez, Economic
Development Program Specialist, Shirley Rinn, Executive Assistant
Regular Meeting
Called to Order at 2:03 p.m.
A Discussion and possible action regarding the Project Progress Report, including Hope
Lumber Company nka Pro -Build South, Citigroup, Vista Solutions, Loading Dock,
Airborn, Orthopeutics, The Beauty Escape Salon Texas Outdoor Power Company, and
Enflite. -- Mark 'I homas, Economic Development Director and Paul E. Brandenburg,
General Manager
Thomas provided an overview of the Project Progress Report. He went over the new
format.
B. Consideration and approval of the minutes from the Regular Board Meeting held
Monday, April 20, 2009 -- Ben Oliver, Secretary
Motion by Ross, second by Shelly to approve the minutes from the Regular Board
Meeting held Monday, April 20, 2009. Approved 3-0 (Smith and Oliver Absent)
Consideration of the April 30, 2009 Financial Reports--Micki Rundell, Finance Manager
Micki Rundell Introduced Laurie Brewer to the Board and she went over the financial
reports. She told the Board that sales tax for March is down 2.3%. However, the City is
only down 6.5% year to date, which is better than expected. C;eorgetown is holding its
own con 'pared to other local communities.
D. Presentation, discussion and possible action regarding legal services for GEDCO and
recent and pending legislative changes to the Economic Development Sales Tax --Jeff
Moore
Mark Thomas introduced Jeff Moore to the Board. He provides legal services for 4A and
4B Corporations. He provided a presentation that outlined current changes that are
proposed in the current legislative session.
Recessed at 2:20 p.m. into Executive Session
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 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.
-Discussion and possible action regarding the "Infrastructure Strategies Report."
F. Section 551.087 DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS.
Deliberation regarding commercial or financial infoi nation 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 Apple
G. 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.
Reconvened into Regular Session at 3:08 p.m.
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.
II. Action Out of Executive Session
1. Discussion and possible action regarding the "Infrastructure Strategies Report"- --Mark
Thoiilas, Economic Development Director
There was no action out of Executive Session.
Discussion and possible action to approve a performance agreement regarding Project
Apple --Mark Thomas, Economic Development Director
Motion by Ross, second by Shelly to approve a Perforiiiance Agreement regarding
Project Apple. Approved 3-0 (Smith and Oliver Absent).
GEDCO Minutes/May 11, 2009
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The Meeting was adjourned at 3.10p.n1.
Attest:
Rick Smith, President
Ben Olive
Corporate Secretary
GEDCO Minutes/May 11, 2009
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