HomeMy WebLinkAboutMinutes_GEDCO_07.19.2010Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, July 19, 2010
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, July 19, 2010.
Members Present:
Dale Ross, Tommy Gonzalez, John Marler, John Kiltz, Pat Berryman -
Members Absent:
Staff Present:
Paul Brandenburg, General Manager, Micki Rtmdell, Finance Manager, Laurie Brewer, Assistant
Director of Finance, Mark Thomas, Economic Development Director, Shirley Rinn, Executive
Assistant to the City Manager, Bridget Chapman, Assistant City Attorney
Regular Meeting
Meeting was called to order at 2:05 p In
A. Discussion and possible action regarding the Project Progress Report, including Hope
Lumber Company, Citigroup, Vista Solutions, Loading Dock, Airborn, Orthopeutics, The
Beauty Escape Salon, Texas Outdoor Power Company, En Hite, McIntosh Holdings, LLC,
Amante, Quantum Logic Devices, Ringdale, Radix BioSolutions-- Mark Thomas,
Economic Development Director and Paul E. Brandenburg, General Manager
Mark Thomas provided an overview of the report. Thomas told the Board that Amante's
has closed. Discussion that there is now a working grease trap that will benefit the next
tenant and ultimately the City. McIntosh will be discussed in Executive Session. Beauty
Escape complied with the terms of the agreement. The Board requested that the closed
items be removed front the report.
B. Consideration and approval of the nunutes from the Special Board Meetings held
Monday, May 24, 2010 and Thursday, June 3, 2010 -- John Kiltz, Secretary
Motion by Ross, second by Gonzalez to approve the minutes fi om the Special Board
Meetings held Monday, May 24, 2010 and Thursday, June 3, 2010 (Approved 5-0)
C. Consideration of the June 30, 2010 Financial Reports--Micki Rundell, Finance Manager
Rundell went over the financial report, including expenses and sales tax. Retail is holding
its own, building related sales tax is down.
D. Discussion and possible action to approve the 2010/11 Interlocal Service Agreeiitent
between GEDCO and the City for administrative services--Micki Rundell, Finance
Manager
Laurie Brewer went over the Interlocal Service Agreement compared to last year's
Agreement. Motion by Ross second by Marler to approve the 2010/11 Interlocal Service
Agreement between GEDCO and the City for administrative services. Approved 5-0
Consideration and possible action to approve the GEDCO 2010/11 Budget---Micki
Rundell, Finance Manager
Brewer went over the proposed budget for 2010/11. Questions regarding the amount
budgeted for travel and training Brewer told the Board the amount budgeted is based
upon amounts spent in the past. Discussion whether or not to increase the travel and
training line item. Motion by Ross second by Berryman to approve the proposed budget
with the exception to roll forward front prior fiscal year any funds remaining for travel
and trailing into the budget for 2010/11. Approved 5-0
F. Consideration and possible action to establish a GEDCO Subcommittee to develop a
"Matrix" to evaluate potential deals for GEDCO--Pat Berryman, President
Berryman provided an overview of the reasons for establishing a "Matrix" to assist in the
projection of the ROI for companies requesting GEDCO Funding. Brief discussion by the
Board. Motion by Kiltz second by Marler to establish a subcommittee to develop a
matrix and to appoint John Kiltz, John Marler, and Pat Berryman to the subcommittee.
Approved 5-0
G. Discussion and possible action to approve travel and training for the Basic Economic
Development Course provided by the Texas Economic Development Council --Paul E.
Brandenburg, General Manager
Brandenburg explained the item and told the board that this training course is above and
beyond the required economic development training the Board normally attends.
Discussion regarding the benefits of attending an Economic Conference vs. this type of in
depth training. General consensus was to not put additional monies into the budget for
extra training at this time.
\o action was taken on this item.
GEDCO Minutes/July 19, 2010
Page 2 of 3
Recessed into Executive Session at 2:35pxn
EXECUTIVE SESSION
The Georgetown Economic Developinent 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, exchdmr;e, 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.
- Project Infrastructure
- Discussion regarding property in the Williams Drive Gateway on Clay Lane
I. Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS.
Delibeiation 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.
- Intratink-Spine, Inc.
- McIntosh Holdings, LLC
J. Section 551071. 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 out of Executive Session at 3:53p.m.
K. Action out of Executive Session
Motion by Berryman second Kiltz to instruct the General Manager to not bid on the Clay
Lane Property as previously approved by the C;EDCO Board on April 20, 2009. Approved
5-0
Adjourned at 3:55 p.m.
Attest:
John Ki z, CorporaSecretary
GEDCO Minutes/July 19, 2010
Page 3 of 3
Pat Berryman, Preside `it