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HomeMy WebLinkAboutMinutes_GEDCO_03.19.2012Minutes of the Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, March 19, 2012 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, March 19, 2012. Members Present: Rachael Jonrowe, Tommy Gonzalez, Danny Meigs, John Marler, Hugh Brown Members Absent: Staff Present: Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley Rinn, Executive Assistant, Laurie Brewer, Deputy City Manager, Micki Rundell, Finance Manager, Bridget Chapman, Acting City Attorney Regular Meeting Brandenburg called to order at 4:30 p.m. A. Consideration and possible action to elect officers to include President, Vice -President and Secretary —Paul E. Brandenburg, General Manager Motion by Meigs to nominate Hugh Brown as President. Brown indicated that he was the newest member on the Board and felt one of the members who had been on the Board longer should be elected as President. Meigs withdrew the motion. Motion by Gonzalez, second by Brown to elect John Marler as President. Approved 5-0. Motion by Marler, second by Brown to elect Tommy Gonzalez as Vice -President. Approved 5-0. Motion by Gonzalez, second by Marler to elect Rachael Jonrowe as Secretary. Approved 5-0. Review and discussion of the City Council Attendance Policy for Board Members --Shirley J. Rinn, Staff Liaison Rinn provided an overview of the current City Council Attendance Policy for Board Members. The board discussed the current policy, which states that members who attend "less than 75%" of the meetings will be removed, but notices are currently sent out after missing 2 regularly -scheduled meetings and dismissals sent out after 3 regularly -scheduled meetings. Jonrowe asked staff to make sure that they actually verify that 3 missed meetings meets the 75% threshold, since some boards/commissions don't have exactly 12 meetings per year. Discussion and possible action regarding the Project Progress Report, including Airbom, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager. Thomas provided an overview of the protects outlined in the project report. He discussed the way businesses are contracting employees instead of hiring them. He provided the board a heads up that the Board will have to determine how they will handle the performance measures with regard to job creation that is handled in this manner. Mark indicated that a company that may be impacted will be Enflite and he has met with them and will follow up with them. He also provided overviews as follows: ® Radix Performance Agreement, which is a front ended grant. o Lone Star Circle of Care Performance Agreement, which provided for the build out for corporate headquarters up to $387,000 with job creation over five years. s Grape Creek Performance Agreement for build out up to $287,000; Grape Creek is formulating the final numbers to start build out on the facility. o Georgetown Winery Performance Agreement, which provided $70,000 for qualified expenditures for expansion. o DiFusion -Performance Agreement, which was for an $80,000 grant to purchase equipment; Finalization is on hold until Difusion meets its financial requirements. Thomas told the Board that his staff regularly contacts the recipients of these grants and also discussed how GEDCO funding is handled for companies located at the TLCC. D. Consideration and approval of the minutes from the Meeting held Tuesday, January 17, 2012 and Tuesday, February 98, 2012--Paul E. Brandenburg, General Manager Motion by Gonzalez, second by Jonrowe to approve the minutes from the Meetings held Tuesday, January 17, 2012 and Tuesday, February 28, 2012 Approved 5-0. E. Consideration of the February 29, 2012 Financial Reports--Micki Rundell, Finance Manager Rundell provided a Financial Report including the Budget along with the expenditures that have been committed as well as what has been paid to date. She also went over the sales tax report. She told the Board that we are .47% over last year, which is good considering that we were down. There was also discussion regarding the impact of the lumber yard that recently opened in Jarrell. Rundell told the Board that the lumber yard in Jarrell is owned by ProBuild and the sales office is in Georgetown. The Board also discussed the use of the purchase funds for Grape Creek building. Rundell and Brandenburg told the Board it would be reinvested downtown for sidewalk improvements. Discussion and presentation of quarterly Promotional Report -Mark Thomas, Economic Development Thomas told the Board that his department spent $5,000 for Opportunity Austin which has been very beneficial with the partnership with our regional partners. He also told them that the City is sponsoring the 2012 Professional Forum for the International Asset Management Council for $5,000. Recessed into Executive Session at 4:50 p.m. GEDCO Minutes/March 19, 2012 Page 2 of 3 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: G. 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. H. 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 Black -Project 1431 -Difusion Technologies -Project Trapper Keeper I. 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 5:27 p.m. J. Action out of Executive Session There was no action out of Executive Session Adjourned at 5:27p.m. t: Rachael Jonrowe, Corpor e 'ecretary / John Marler, President GEDCO Minutes/March 19, 2012 Page 3 of 3