HomeMy WebLinkAboutMinutes_GEDCO_03.18.2013Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, March 18, 2013
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, March 18, 2013.
Members Present:
Rachael Jonrowe, Tommy Gonzalez, Bill Sattler, Charles Carter, Hugh Brown, Kevin Kelly
Members Absent:
Walt Barkalow
Staff Present:
Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley
Rinn, Executive Assistant, Laurie Brewer, Assistant City Manager, Micki Rundell, Finance
Manager, Bridget Chapman, Acting City Attorney, Conchita Gusman, Consultant
Minutes
Regular Meeting
Meeting was called to order at 4:30 p.m.
Brandenburg opened the Meeting and asked staff to introduce themselves to the new Board
Members.
A. Consideration and possible action to elect officers to include President, Vice - President
and Secretary consistent with Section 3.02 of the GEDCO Bylaws. —Paul E.
Brandenburg, General Manager
Brandenburg opened the meeting and asked the Board for a motion to nominate and
elect a President.
Motion by Sattler, second by Jonrowe to nominate Gonzalez as President. (Approved
6 -0)
Brandenburg then turned the meeting over to the newly elected President, Tommy
Gonzalez.
Motion by Gonzalez, second by Sattler to elect Jonrowe as Vice - President. (Approved
6 -0)
Motion by Jonrowe, second by Gonzalez to elect Brown as Secretary. (Approved 6 -0)
B. Discussion and possible action to establish staggered terms for the two citizen at large
positions established in February 2013 - -Paul E. Brandenburg, General Manager.
New Board Members, Turner and Kelly drew lots for staggered positions.
Charles Carter - Term Expiration: February 2015
Kevin Kelly - Term Expiration: February 2014
C. Review and possible action related to the Day and Time of GEDCO Meetings- -Paul E.
Brandenburg, General Manager
There was no action to change the date and time of the regularly scheduled GEDCO
Meetings. The GEDCO Board Meetings will continue to be held on the third Monday of
each month at 4:30 p.m. in the City Council Chambers.
D. Confirmation of Third Amended Bylaws for GEDCO approved by the City Council on
December 11, 2012 and the Articles of Amendment for GEDCO approved by the City
Council on January 8, 2013 related to Board Membership -- Bridget Chapman, Acting
City Attorney
Chapman provided an overview of the changes to the Bylaws and the Articles of
Amendment.
Motion by Jonrowe, second by Sattler to confirm the approval of the Third Amended
Bylaws for GEDCO approved by the City Council on December 11, 2012 and the
Articles of Amendment for GEDCO approved by the City Council on January 8, 2013
related to Board Membership. (Approved 6 -0)
E. Review and discussion of the City Council Attendance Policy for Board
Members -- Shirley J. Rinn, Staff Liaison
Rinn and Brandenburg provided an overview of the current City Council Attendance
Policy for Board Members.
F. Discussion and possible action regarding the Project Progress Report, including
Airbom, Enflite, Radix BfoSolutions, 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 and status of each of the current projects that the
GEDCO Board has funded. There was additional discussion regarding the TLCC and
needs of the companies that are located within the facility, as well as its expansion and
funding options for the future. Thomas told the Board that Georgetown Railroad is
planning to build two more buildings to accommodate the growth needs of the TLCC.
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Further discussion about the types of companies that are located in the TLCC facility
and what we can do to be prepared when the companies are grown to the extent they
can expand out of the TLCC to their own space, hopefully in Georgetown. Thomas told
the Board he planned to bring the new President to update the Board in April or May
about TLCC's operations and needs.
G. Consideration and approval of the minutes from the Meeting held Tuesday, December
17, 2012 -- Rachael Jonrowe, Secretary
Motion by Jonrowe, second by Brown to approve the minutes from the Meeting held
Tuesday, December 17, 2012. (Approved 6 -0)
H. Consideration and possible action to approve a budget amendment for the 2012/13
GEDCO Budget for projects with remaining funding and approval from 2011 /12- -Micki
Rundell, Finance Manager
Rundell provided an overview of the Budget Amendment request. She told the Board
that this request is related to Grape Creek to roll forward the funding approved from
the previous fiscal year.
Motion by Brown, second by Carter to approve a budget amendment for the 2012/13
GEDCO Budget for projects with remaining funding and approval from 2011/12.
Approved 6 -0
Consideration of the February 28, 2013 Financial Reports - -Micki Rundell, Finance
Manager
Rundell provided an overview of the Financial Reports. She explained the variance
related to Grape Creek Budget Amendment.
She also provided an overview of the sales tax revenues. She told the Board that we are
well ahead of projections. She also told the Board that general retail, including Wolf
Ranch and Amazon, are contributing to the increases. She also indicated to the Board
that Chris Foster, the City's Utility Financial Analyst, will provide a more a more
detailed sales tax report in May. Additionally, the Board was told that if things keep
progressing at this pace there may be approximately $50,000 in additional revenue for
the year.
There was discussion about retail growth in Georgetown and what we can do to keep
attracting quality retail to Georgetown. Rundell also explained to the new members that
1/8 of 1% sales tax collections goes to the 4A Board. She and Brandenburg provided an
overview of the Financial Report related to cash on hand available for projects and what
is allocated for current projects. She also went over the funds that have been actually
paid out on projects and provided an overview of the debt service to the wastewater
fund for the Citicorp project.
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Recessed into Executive Session at 5:05 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:
J. 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.
K. 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.
- STI International
- Project RDE
- Enflite
L. 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 5:46 p.m.
M. Action out of Executive Session.
No Action out of Executive Session
Adjourned at 5:46 p.m.
Attest:
Hugh Brown, Corporate Secretary Tnzalez, President
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