HomeMy WebLinkAboutMinutes_GEDCO_06.03.2010Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Thursday, June 3, 2010
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Thursday, June 3 2010.
Members Present:
Pat Berryman, Dale Ross, John Marler, Tommy Gonzalez
Members Absent:
John Kiltz
Staff Present:
Paul Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley
Rmn, Executive Assistant to the City Manager, Mark Sokolow, City Attorney
Regular Meeting
Meetmg was called to Order at 3:05 p.m.
Recessed into Executive Session at 3:05 p n.t
Dale Ross arrived at 3:10 p.m.
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 551.087. 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 of near the terntory of the City of
Georgetown.
--Project Intralink-Spine
B. 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 3:52 p.m.
C. Action out of Executive Session
Motion by Marler, second by Gonzalez to authorize the performance "loan" agreement and promissory
note between the Georgetown Economic Development Corporation and INTRALINK-SPINE, INC. for
$300,000 as presented and refer the agreements to the City Council for consideration and approval
(Approved 4-0, Kiltz Absent)
Adjourned at 3:55 p.m.
Attest:
1
John Kiltz, 'rtCorpora te cretary
Pat Berryman, President
GEDCO Minutes/June 3, 2010
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