HomeMy WebLinkAboutMinutes_GEDCO_07.16.2007Minutes of the Meeting of
the Georgetown Economic Development Corporation
City of Georgetown, Texas
Monday, July 16, 2007
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday , July 16, 2007.
Members Present:
Ron Shelly, Rick Smith, Farley Snell, Pat Berryman
Members Absent:
Ben Oliver
Staff Present:
Paul Brandenburg, General Manager, Micki Rundell, Finance Manager, Mark Thomas, Economic
Development Director, Tom Yantis, Assistant City Manager, Shirley Risen, Executive Assistant,
Trish Carls, City Attorney, Bill Sattler, Councilmember, District 4, Naomi Walker, Executive
Director, Georgetown Housing Authority, Jennifer Bills, Housmg Coordinator
Minutes
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 2:05 p.m.
A Discussion and possible action regarding the Project Progress Report. -- Mark Thomas,
Economic Development Director and Paul E. Brandenburg, General Manager
Thomas gave the Board an overview of all of the active projects that the GEDCO Board
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approved, including Citicorp, Vista Solutions, Load Dock, Airborn, TLC Orthopuetics,
and other biotech companies.
B. Consideration and approval of the minutes from the Regular Board Meeting held
Monday, June 18, 2007--Farley Snell, Secretary
Motion by Snell, second by Smith to approve the minutes from the Regular Board
Meeting held Monday, June 18, 2007. Approved 4-0 (Oliver, Berryman Absent)
C. Consideration of the June 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, including bond issuance and debt.
Sales Tax continues to be strong at 11.5%, which is higher than than inbudget
projections. She told the Board that the sales tax continues to grow in other areas, not
Wolf Ranch.
Pat Berryman arrived at 2:15 p.m.
D. Consideration and possible action regarding the Administrative Services Contract
between the City of Georgetown and the Georgetown Economic Development
Corporation. Micki Runde11, Finance Manager
Rundell told the Board that last year was the first year that there was an administrative
contract between the City and the GEDCO Board. She told them that last year it was for
53,000 per month and that after tracking staff time over the course of the year with
regard to GEDCO matters, the time being spent on these items was considerably more.
The amount per month in this year's contract is 54,000 per month.
Motion by Smith, second by Berryman by to approve the Administrative Services
Contract between the City of Georgetown and the Georgetown Economic Development
Corporation. Approved 4-0 (Oliver Absent)
E. Consideration and possible action to approve the GEDCO 2007/08 Budget. Micki
Rundell, Finance Manager
Rundell gave the Board an overview of the proposed 2007/08 GEDCO Budget.
Motion by Snell, second by Smith to approve the GEDCO 2007/08 Budget. Approved
4-0 (Oliver Absent)
F. Consideration and possible action to determine project eligibility for GEDCO funding
for elements of the Georgetown Housing Authority s Sierra Ridge Project. --Tomas Yantis,
Assistant City Manager
Assistant City Manager Tom Yantis presented an overview of the proposed Sierra
Ridge Project and the basis for the request for GEDCO funding for job training classes
or a career center within the commercial portion of the project. The board discussed the
item and determined that action to determine project eligibility for GEDCO funding
was premature until the Housing Authority had a specific user for the career center or
provider of the job training classes.
There was no action taken on this item.
G. Discussion and possible action regarding revisions to the Resolution and
Performance Agreement for Orthopuetics L.P.--- Paul Brandenburg, General
Manager and Mark Thomas, Director of Economic Development
This item was pulled front the Agenda.
GEDCO Minutes/July 16, 2007
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Meeting was adjourned at 2:55pm
EXECUTIVE SESSION:
1he Georgetown Economic Developritent Corporation will meet in closed executive session as
allowed by Texas Open Meetings Act (Texas Government Code Chapter 551), as follows:
H. 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.
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.
J. 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 SESSION:
1'he Board will reconvene in regular open session to take any action necessary related to any of
the above -posted executive session items.
K. Action out of Executive Session.
The Board did not meet in Executive Session and there was no action.
Attest:
Farley Snell, Corporate Secretary Ron Shelly, Preside
GEDCO Minutes/July 16, 2007
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