HomeMy WebLinkAboutMinutes_GEDCO_07.25.2011Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, July 25, 2011
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, July 25, 2011..
Members Present:
Tommy Gonzalez, Pat Berryman, Rachael Jonrowe, John Marler
Members Absent:
John Kiltz
Staff Present:
Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley
Rinn, Executive Assistant to the City Manager, Lauri Brewer, Deputy City Manager, Micki
Runde11, Finance Manager
Minutes
Regular Meeting
Called to Order at 4:05 p.m. by Pat Berryman.
A. Discussion and possible action regarding the Project Progress Report, including Airborn, Texas
Outdoor Power Company, Enflite, McIntosh Holdings, LLC, Ringdale, and Radix BioSolutions.--
Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager.
Thomas provided an overview of the report and told the Board that Texas Outdoor Power
Company is in compliance and will be sending a letter shortly.
B. Consideration and approval of the minutes from the Meeting held Thursday, June 23, 2011--John
Kiltz, Secretary
Motion by Gonzalez, second by Jonrowe to approve the minutes from the Meeting held
Thursday, June 23, 2011. Approved 3-0 (Marler and Kiltz Absent)
Consideration of the June 30, 2011 Financial Reports--Micki Rundell, Finance Manager
Rundell told the Board that revenues are better than anticipated and that the general baseline for
sales tax is probably 2 to 2 1/2 %, which is still ahead of projections. She said that there were a few
minimal administrative disbursements, including legal and also provided a clarification of cash
available for projects.
D. Considerationand possible action to approve the Second Amended Bylaws of the City of
Georgetown 4A Corporation, Georgetown Economic Development Corporation(GEDCO)—
Bridget Chapman, Acting City Attorney
Motion by Gonzalez, second by Jonrowe to approve the Second Amended Bylaws of the City of
Georgetown 4A Corporation, Georgetown Economic Development Corporation (GEDCO).
Approved 3-0 (Marler and Kiltz Absent)
Recessed to Executive Session at 4:09 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:
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 the Development Corporation Act which discussion in open session would have a detrimental
effect on negotiations with third persons.
F. 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.
- Project Grape
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 7 exas Disciplinary Rules of
Professional Conduct of the State Bar of Texas.
Marler arrived at 4:14 p.m.
Recessed to Regular Session at 4:34 p.m.
Reconvened in Regular Session at 4:35 p.m.
H. Action out of Executive Session
Motion by Gonzalez, second. by Marler to move forward with negotiations with McIntosh Holdings, LLC
as discussed in Executive Session. Approved 4-0 (Kiltz Absent)
Adjourned at 4:40 p.m.
Attest:
John Kiltz! Corporate Seary
GEDCO Minutes/July 25, 2011
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Pat Berryman, Presid,ant