HomeMy WebLinkAboutMinutes_GEDCO_05.21.2007Minutes of the Meeting of
the Georgetown Economic Development Corporation
City of Georgetown, Texas
Monday, May 21, 2007
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday , May 21 2007.
Members Present:
Ron Shelly, Rick Smith, Ben Oliver, Farley Snell
Members Absent:
Henry Carr
Staff Present:
Paul E Brandenburg, General Manager, Micki Rundell, Finance Manager, Shirley Rinn, Executive
Assistant/Deputy City Secretary, Mark Thomas, Director of Economic Development, George
Gomez, Economic Development Program Specialist
Regular Meeting
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.
The Meeting was called to order at 2:00 p.m. and recessed at 2:02 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:
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 Meeting was reconvened at 2:47 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.
D. Action out of Executive Session
Motion by Oliver second by Snell to authorize staff move forward to commit
support the project discussed in executive session in a legally acceptable way.
Approved 4-0 (Carr Absent)
20,000 to
E. Consideration and approval of the minutes from the Regular Board Meeting held
Monday, April 16, 2007--Farley Snell, Secretary
Motion by Snell, second by Smith to approve the minutes from the Regular Board
Meeting held Monday, April 16, 2007. Approved 4-0 (Carr Absent)
Consideration of the April 30, 2007 Financial Report--Micki Rundell, Finance Manager
Rundell presented the Financial Report to the Board and explained the details in the
report, which included monthly sales tax revenues, monthly expenditures, a budgetary
report, and other relevant financial information.
Rundell also told the Board that she would be bringing the Administrative Contract for
Services to the Board at its next meeting for the 2007-08 Fiscal Year. She told them that
the cost would increase and that staff does track its time for budgeting purposes.
G. Discussion and possible action regarding the Project Progress Report. -- Mark Thomas,
Economic Development Director and Paul E. Brandenburg, General Manager
IhonLas gave the Board an overview of the status of the approved projects, including
the Loading Dock, Vista Solutions, and Citicorp. Brandenburg told the Council that one
of the items that has come up with Citicorp was the need to redesign and move the road
so that it wouldn't destroy a large stand of trees at the City's cost In order to accomplish
this it has been necessary to work with County and the landowners in order to
negotiate an agreement to design the road so that the road wouldn't destroy the trees.
There was additional discussion regarding intent of the project update report. The
Board indicated that it would like to see an active/inactive list regarding projects that
have been brought to the board for discussion.
Meeting Adjourned at 3:00 p.m.
Attest:
Farley Snell, Corporate Secretary
Ron Shelly, Preside
GEDCO Minutes/May 21, 2007
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