HomeMy WebLinkAboutMinutes_GEDCO_09.19.2011Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, September 19, 2011
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, September 19, 2011.
Members Present:
Rachael Jonrowe, Tominy Gonzalez, John Kiltz, John Mader
Members Absent:
Pat Berryman
Staff Present:
Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley
Rinn, Executive Assistant, Laurie Brewer, Deputy City Manager, Lorie Ann Lankford, Controller,
Bridget Chapman, Acting City Attorney
Minutes
Regular Meeting
Called to order at 4:01 p.m.
Gonzalez left the room.
A. Discussion and possible action regarding the Project Progress Report, including
Airborn, Enflite Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, and
Georgetown Winery. -- Mark Thomas, Economic Development Director and Paul E.
Brandenburg, General Manager.
Thomas provided an overview and informed the Board that Texas Outdoor Power is in
compliance and has been moved off the list.
13. Consideration and approval of the minutes from the Meeting held Monday, August 15,
2011--John Kiltz, Secretary
Motion by Jonrowe, second by Marler to approve the minutes from the Meeting held
Monday, August 15, 2011. Approved 3-0 (Gonzalez and Berryman absent)
C. Consideration of the August 30, 2011 Financial Reports--Micki Ru.ndell, Finance
Manager
Gonzalez returned to the room.
Lankford provided an overview of the Financial Reports. She told the Board that we
are 15.07% down from prior month sales tax, but 5.25% ahead for the current year, but
may not make fiscal year projections. We are conservatively watching this closely.
Lankford told the Board they may look at doing more of a "baseline" calculation in the
future when looking at one time sales in the sales tax calculations. There also additional
discussion regarding interest that was earned on an investment for GEDCO. 'there was
further discussion regarding projections vs. budget notations in the report. Lankford
told the Board that projections after about 6 months into the fiscal year are more
accurate than the original budget, so as the year moves forward those are the figures
that are used to calculate where we are in the budget year financially.
D. Discussion and possible action regarding changing the time and/or date of the regularly
scheduled Meetings for the Georgetown Economic Development Corporation--Rachael
Jonrowe, Boardmember
Jonrowe approached the board about changing the time of the regularly scheduled
meeting.
Motion by Jonrowe, second by Gonzalez to move the meeting tiitte from 4pm to 4:30pm
on the 3 Monday of the month. (Approved 4-0, Berryman Absent)
Recessed into Executive Session at 4:16 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 Fuse
- Project Station
Project Lincoln
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.
Reconvened into regular session at 5:05 p.m.
GEDCO Minutes/September 19, 2011
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H. Action out of Executive Session
Motion by Gonzalez, second by Jonrowe to direct staff to prepare a performance
agreement regarding Project Fuse under the terms discussed in Executive Session.
(Approved 4-0, Berryman Absent)
Adjourned at 5:06 p.m.
Attest:
John Kilt , Corporate.'`ecretary
Pat Berryma resident
GEDCO Agenda/October 17, 2011
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