HomeMy WebLinkAboutMinutes_GEDCO_08.15.2011Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, August 15, 2011
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, August 15, 2011.
Members Present:
Pat Berryman, Rachael Jonrowe, Tommy Gonzalez
Members Absent:
John Marler John Kiltz
Staff Present
Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Tina
Dunbar, Economic Development Analyst, Lauii Brewer Deputy City Manager, Micki Rundell,
Finance Manager
Regular Meeting
Meeting was called to order at 4:25 p.m.
A. Discussion and possible action regarding the Project Progress Report, including Airborn, Texas
Outdoor Power Company, Enflite, McIntosh Holdings, LLC, Ringdale, Radix BioSolutions, and Lone
Star Circle of Care.-- Mark 1 homas, Economic Development Director and Paul E. Brandenburg,
General Manager.
Thomas provided an overview of the project report. There was no action taken.
B. Consideration and approval of the minutes from the Meeting held Monday, July 25, 2011--John Kiltz,
Secretary
Motion by Gonzalez, second by Jonrowe to approve the minutes from the Meeting held Monday, July
25, 2011. (Approved 3-0, Kiltz and Mader Absent)
C. Consideration of the July 31, 2011 Financial Reports--Micki Rundell, Finance Manager
Rundell provided an overview of the Financial Reports.
D. Discussion and possible action regarding the use of Promotion Funds for a contracted direct phone
calling program --Mark Thomas, Economic Development Director
Mark Thomas provided an overview of the program and the types of businesses that will be
contacted. Berryman stated that she would like to see the list of prospects. Motion by Gonzalez,
second by Berryman to approve $3,000 for the program. Berryman pointed out that the agenda item
was for $2,500 but agreed that $3,000 should be allocated for the program. (Approved 3-0, Kiltz and
Marier Absent)
Recessed to Executive Session at 4:42 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 adetrimental 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 receivedfrom 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
- Project GW
- Project Mirror
- Project Amber
Project TS
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 Texas
Disciplinary Rules of Professional Conduct of the State Bar of Texas.
Recessed out of Executive Session at 5:06 p.m.
Reconvened in Regular Session at 5:06 p.m.
H. Action out of Executive Session
Motion by Barryulan second by Jonrowe to approve a Loan Agreement and Promissory Note,
between GEDCO and Project GW, with the terms discussed in executive session, including certain
economic development incentives related to the expansion of an existing winery facility located at 715
S. Main Street, with an effective date as of the date that the City Council approves the Agreement.
(Approved 3-0, Kiltz and Marler Absent)
Motion by Barryznan, second by Gonzalez to approve that GEDCO approve a Loan Agreement and
Promissory Note, between GEDCO and Project and Project Grape with the terms discussed in
executive session, including certain economic development incentives and the lease/purchase of
approximately 3, 720 square feet of retail space and patio space generally Located at 7 Street and
Main Street, Georgetown; Texas subject to City Council approval of the sale of the said property from
the City to GEDCO and with an effective date as of the date that the City Council approves the
GEDCO .Minutes/August 15, 2011
Page 2 of 3
Agreement. (Approved 3-0, Kiltz and Marler Absent)
Adjourned at 5:12 p.m.
Attest:
John corporate'.., ecretary
GEDCO Minutes/August 15, 2011
Page 3 of 3
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Pat Berryman, Preside