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HomeMy WebLinkAboutGEDCO_Agenda&Minutes_2011Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, December 19, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, December 19, 2011 beginning at 04:30 PM in the Main Floor Conference room at 113 E. 8th Street, Georgetown, Texas 78626 If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe Call to Order at 04:30 PM No items have been submitted for consideration by the GEDCO Board for the month of December. Therefore, no meeting will be held on December 19, 2011. THIS MEETING HAS BEEN CANCELLED. Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, November 21, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, November 21, 2011 beginning at 04:30 PM in the Main Floor Conference Room at City Hall, located at 113 E. 8th Street, Georgetown, Texas 78626 If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe Call to Order at 04:30 PM 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 . http://georgetown.org/pdfs/gedco/2011/11-21-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, October 17, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2011/11-21-11/ItemB.pdf C.Consideration of the October 31, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/11-21-11/ItemC.pdf D.Discussion and possible action regarding the use of Promotion Funds for sponsorship at the 2012 Industrial Asset Management Council (IAMC) Spring Forum – Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2011/11-21-11/ItemD.pdf 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 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. H. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Minutes of the Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, November 21, 2011 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, November 21, 2011. Members Present: Pat Berryman, Rachael Jonrowe, Tommy Gonzalez, John Kiltz, John Marler 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 Minutes Regular Meeting Called to order at 4:30 p.m. 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 told the Board that Lone Star Circle of Care received first installment of $200,000 and that they have moved to the Georgetonian. They are very happy and appreciative. He also informed them about the Economic Development Breakfast on November 29 th at 7:30am at City Lights Theater which will include an update from Radix Biosolutions. Difusion may also be there. He told them that the Grape Creek project is moving forward and that we are utilizing $20,000 of the approved funding for design and engineering and testing. Georgetown Winery is also drawing on its agreement. B.Consideration and approval of the minutes from the Meeting held Monday, October 17, 2011--John Kiltz, Secretary Motion by Gonzalez, second by Marler to approve the minutes from the Meeting held Monday, October 17, 2011. (Approved 5-0) C.Consideration of the October 31, 2011 Financial Reports--Micki Rundell, Finance Manager Rundell told the Board that Sales tax won’t be recognized until next month. She indicated that $12,000 expenditure noted in the report is for the McIntosh Settlement. September sales tax was up, but other than that in the last quarter sales tax was for the most part flat. The end of the year sales tax collections were 4.67% higher than year prior. Wolf Ranch sale tax collections are better than projected. She told them that we will get our first report for the current quarter next month. D.Discussion and possible action regarding the use of Promotion Funds for sponsorship at the 2012 Industrial Asset Management Council (IAMC) Spring Forum – Mark Thomas, Economic Development Director Thomas told the Board that this group does corporate real estate for very large corporations, naming a few of them. He told them that the Austin Chamber recruited IAMC to the region and this conference will be taking place in Austin this year. He told the Board that it is very difficult to get into IAMC as an Economic Developer so this is an exclusive event that we can attend if we do a certain level of sponsorship in order to have access to the members who attend the conference. Thomas went over the sponsorship levels. He feels like being at the event would be very beneficial and doesn’t feel like we could get this kind of exposure any other way for $5,000. He told that Board that you are basically buying access to these individuals companies, and site selectors. This is a different type marketing/advertising, but we would have direct access. Motion by Gonzalez, second by Marler to approve the expenditure of $5,000 for a sponsorship plus the registration for two attendees at the 2012 IAMC Conference. (Approved 5-0) Recessed to Executive Session at 4:45 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 PROERTY 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 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 to Regular Session at 5:05 p.m. H. Action out of Executive Session Motion by Gonzalez, second by Jonrowe to approve the change in the terms of the Performance/Loan Agreement previously approved by the GEDCO Board with Project Fuse under the terms outlined in Executive Session. Adjourned at 5:06 p.m. Attest: __________________________________________________________ John Kiltz, Corporate SecretaryPat Berryman, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, October 17, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, October 17, 2011 beginning at 04:30 PM in the Georgetown City Hall, located at 113 E. 8th Street, Georgetown, Texas. If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe, Pat Berryman Call to Order at 04:30 PM 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 . http://georgetown.org/pdfs/gedco/2011/10-17-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, September 19, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2011/10-17-11/ItemB.pdf C.Consideration of the September 30, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/10-17-11/ItemC.pdf 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: D.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 . E.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 F.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. G. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Minutes of the Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, October 17, 2011 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, October 17, 2011. Members Present: Rachael Jonrowe, Tommy Gonzalez, John Kiltz, John Marler 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, Micki Rundell, Finance Manager, Bridget Chapman, Acting City Attorney Minutes Regular Meeting Called to Order at 4:30 p.m. 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 . Economic Development is moving to the old Fire Station next week in preparation of Grape Creek moving into the Visitor’s Center. Georgetown Winery is purchasing equipment. B.Consideration and approval of the minutes from the Meeting held Monday, September 19, 2011--John Kiltz, Secretary Motion by Gonzalez, second by Marler to approve the minutes from the Meeting held Monday, September 19, 2011. Approved 4-0 (Berryman absent) C.Consideration of the September 30, 2011 Financial Reports--Micki Rundell, Finance Manager Rundell provided an overview of sales tax revenues. They are flat, but not negative and we are still ahead of projections. She told the Board that any projects that didn’t fund will carry forward to FY 2011-12. The report at the end of the year that will include carryover funds. There was additional discussion regarding the sales tax drop in July. Rundell told the Board that information should be available in November with the Stars Report. Recessed into Executive Session at 4:35 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: D.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. E.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 F.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. G.Action out of Executive Session Reconvened at 4:42 p.m. Motion by Kiltz second by Gonzalez to Approve Performance Agreement with Project Fuse under the terms outlined in Executive Session Approved 4-0 (Berryman absent) Adjourned at 4:45 p.m. Attest: __________________________________________________________ John Kiltz, Corporate SecretaryPat Berryman, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, September 19, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, September 19, 2011 beginning at 04:00 PM in the Main Floor Conference Room at City Hall located at 113 E. 8th Street, Georgetown, Texas 78626 If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe Call to Order at 04:00 PM 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 . http://georgetown.org/pdfs/gedco/2011/9-19-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, August 15, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2011/9-19-11/ItemB.pdf C.Consideration of the August 30, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/9-19-11/ItemC.pdf 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 http://georgetown.org/pdfs/gedco/2011/9-19-11/ItemD.pdf 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. H. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Minutes 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, Tommy Gonzalez, John Kiltz, John Marler 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. B.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 Rundell, 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 time from 4pm to 4:30pm on the 3 rd 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. 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 Kiltz, Corporate SecretaryPat Berryman, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, August 15, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, August 15, 2011 beginning at 04:00 PM in the Main Floor Conference Room at 113 E. 8th Street, Georgetown, Texas 78626 If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe Call to Order at 04:00 PM 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 Thomas, Economic Development Director and Paul E. Brandenburg, General Manager . http://georgetown.org/pdfs/gedco/2011/8-15-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, July 25, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2011/8-15-11/ItemB.pdf C.Consideration of the July 31, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/8-15-11/ItemC.pdf D.Discussion and possible action regarding the use of Promotion Funds for a contracted direct phone calling program --Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2011/8-15-11/ItemD.pdf 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 - 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. H. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Minutes 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, Lauri Brewer, Deputy City Manager, Micki Rundell, Finance Manager Minutes 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 Thomas, 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 Marler 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 Marler 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 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 - 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 Barryman 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 Barryman, 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 th 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 Agreement. (Approved 3-0, Kiltz and Marler Absent) Adjourned at 5:12 p.m. Attest: __________________________________________________________ John Kiltz, Corporate SecretaryPat Berryman, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, July 25, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, July 25, 2011 beginning at 04:00 PM in the Main Floor Conference Room at 113 E. 8th Street, Georgetown, Texas. If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe Call to Order at 04:00 PM 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 . http://georgetown.org/pdfs/gedco/2011/7-25-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Thursday, June 23, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2011/7-25-11/ItemB.pdf C.Consideration of the June 30, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/7-25-11/ItemC.pdf D.Consideration and possible action to approve the Second Amended Bylaws of the City of Georgetown 4B Corporation, Georgetown Economic Development Corporation(GEDCO)— Bridget Chapman, Acting City Attorney http://georgetown.org/pdfs/gedco/2011/7-25-11/ItemD.pdf 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 Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas. H. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Minutes 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 Rundell, 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) C.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.Consideration and 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 Texas 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 SecretaryPat Berryman, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, July 18, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, July 18, 2011 beginning at 04:00 PM in the Main Floor Conference Room at City Hall, located at 113 E. 8th Street, Georgetown, Texas 78626 If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe Call to Order at 04:00 PM The GEDCO Board will meet on Monday, July 25, 2011 at 4:00pm in the Main Floor Conference Room at City Hall, located at 113 E. 8th Street, Georgetown, Texas 78626, therefore, no meeting will be held on July 18, 2011. THIS MEETING HAS BEEN CANCELLED. Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Thursday, June 23, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Thursday, June 23, 2011 beginning at 04:00 PM in the Main Floor Conference Room at City Hall, 113 E 8th Street, Georgetown, Texas 78628 If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe Call to Order at 04:00 PM 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 . http://georgetown.org/pdfs/gedco/2011/6-23-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, April 25, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2011/6-23-11/ItemB.pdf C.Consideration of the May 31, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/6-23-11/ItemC.pdf D.Consideration and possible action regarding the Administrative Services Contract between the City of Georgetown and the Georgetown Economic Development Corporation--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/6-23-11/ItemD.pdf E.Consideration and possible action to approve the GEDCO 2011/12 Budget--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/6-23-11/ItemE.pdf F.Discussion and possible action regarding the approval of a Loan Agreement and Promissory Note between GEDCO and Lone Star Circle of Care in an amount not to exceed $387,000.00 for Qualified Expenditures for future site improvements at 205 East University Avenue, Georgetown, Texas--Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2011/6-23-11/ItemF.pdf G.Discussion and possible action regarding parking and the Downtown Masterplan-John Kiltz, Secretary and John Marler, Boardmember . http://georgetown.org/pdfs/gedco/2011/6-23-11/ItemG.pdf 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: H.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. I.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 - Project GW J.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. K. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Minutes of the Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Thursday, June 23, 2011 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Thursday, June 23, 2011. Members Present: Pat Berryman, Rachael Jonrowe, Tommy Gonzalez, John Marler, John Kiltz Members Absent: Staff Present: Mark Thomas, Economic Development Director, Shirley Rinn, Executive Assistant to the City Manager, Lauri Brewer, Assistant Finance Director, Micki Rundell, Finance Manager Minutes Regular Meeting Called to Order at 4:02 p.m. by John Kiltz, Secretary Troy Hellman also attended the meeting. 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. He told the Board that the compliance request has been made to Texas Outdoor Power. Berryman arrived at 4:06pm. Board asked that all the future meetings be held at City Hall in the Main Floor Conference Room. B.Consideration and approval of the minutes from the Meeting held Monday, April 25, 2011--John Kiltz, Secretary Motion by Marler, second by Gonzalez to approve the minutes from the Regular Board Meeting held Monday, April 25, 2011. (Approved 4-0) (Berryman absent) C.Consideration of the May 31, 2011 Financial Reports--Micki Rundell, Finance Manager Rundell provided an overview of the reports. She told the Board that we are ahead of where we anticipated we would be because of positive sales tax revenues. She did let them know that the April sales tax was 2.49% higher than last year at the same time, but down from the prior month. She told the Board that those sales tax figures may have been attributed to some airplanes that were sold and we received sales tax for those sales. She indicated that all still looked okay in that the budget predicted a flat sales tax. She also told the Board that there is $3.6 million available in uncommitted funds. There was a brief discussion regarding the reports in general. D.Consideration and possible action regarding the Administrative Services Contract between the City of Georgetown and the Georgetown Economic Development Corporation--Micki Rundell, Finance Manager Brewer addressed the board and explained the purpose of the Administrative Services Agreement Contract with the City. There was a brief discussion regarding legal fees and how they area allocated, and the Board was told that the City Council will also approve this agreement. Motion by Gonzalez second by Kiltz (Approved 5-0) E.Consideration and possible action to approve the GEDCO 2011/12 Budget--Micki Rundell, Finance Manager Brewer went over the specific line item amounts proposed Budget to the Board. There was a clarification of the Citicorp water/wastewater revenue bonds. Motion by Marler , second by Gonzalez to approve the GEDCO 2011/12 Budget- (Approved 5-0) F.Discussion and possible action regarding the approval of a Loan Agreement and Promissory Note between GEDCO and Lone Star Circle of Care in an amount not to exceed $387,000.00 for Qualified Expenditures for future site improvements at 205 East University Avenue, Georgetown, Texas--Mark Thomas, Economic Development Director Thomas provided an overview of the project and confirmed that the proposed project is qualified project. He also told them about Lone Star Circle Care and its investment in the community. He provided them with a history of Lone Star Circle of Care and told them that the Economic Development department did a retention visit and discovered the company was considering relocating its corporate offices to less expensive office space outside of Georgetown and they worked with them to provide an incentive to fill the gap to retain them in Georgetown . This Agreement encompasses retention and expansion. They have to retain 102 jobs, create 29 new jobs, and retain headquarters in Georgetown. There was additional discussion regarding the length of the term of the lease and whether the term of this lease could match the term of the lease Lone Star Circle of Care has with the Georgetonian. Motion by Gonzalez, second by Marler to amend the proposed Performance Agreement to extend the term to match the terms of Lone Star Circle of Care's lease agreement with the Georgetonian plus an additional two (2) months to allow time for staff to confirm the accounting, reconciliation and compliance of the terms outlined in the Agreement. Approved (5-0) It was also clarified that the effective the date of the Agreement will be the date that the Council approves it. Motion by Berryman , second by Gonzalez to approve a Loan Agreement and Promissory Note, as amended above between GEDCO and Lone Star Circle of Care in an amount not to exceed $387,000.00 for Qualified Expenditures for future site improvements at 205 East University Avenue, Georgetown, Texas with an effective date as of the date that the City Council approves the Agreement. (Approved 5-0) G.Discussion and possible action regarding parking and the Downtown Masterplan-John Kiltz, Secretary and John Marler, Boardmember . Kiltz addressed the board regarding current parking situation downtown and whether or not 4A or 4B would be able to do anything and contribute in any way to help provide a more pedestrian friendly environment downtown. There was discussion regarding the Downtown Masterplan and how parking was addressed in that plan. . There was general discussion regarding the need for a Parking Garage downtown, as well as the need to get buy-in from the owners on the square to support initiatives that would make the downtown square more pedestrian friendly. There was further discussion regarding ways to design the parking downtown to accommodate a more pedestrian friendly environment, including making the streets around the square one way and still have parking on one side. There was additional discussion regarding the importance of the buy-in of the stakeholders, including the business owners and Williamson County. There was additional discussion regarding the possibility of doing a parking garage over the City Council Chambers with small retail in the front, downtown height restrictions, as well as whether it would be beneficial to fund a study to find out where parking garages might could go downtown. It was also mentioned that any parking facility that would be built would need to go through HARC and the City Council and would also need to be designed in the same historical motif as other buildings in the downtown. The Board discussed further the legality of utilizing 4A funds for this type of project and the need for elected officials to be cautious with the use of 4A funding and the type of projects it expends its money on, as well as the need to focus on job creation when expending funds. The Board went on to discuss the ramifications of losing parking spaces by making the square more pedestrian friendly and replacing those spaces with a parking garage. All agreed that perception is reality. i.e. if the parking spots are taken, then the perception is that things are really hopping downtown. Thomas told the Board that parking is an issue that has been discussed and that there is ongoing dialogue between City staff, the County, and downtown businesses. Recessed to Executive Session at 4:53 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: H.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. I.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 - Project GW J.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 5:36 p.m. K. Action out of Executive Session Motion by Berryman, second by Marler that GEDCO approve and execute the economic development agreement for 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 th Street and Main Street, Georgetown, Texas subject to the approval as a downtown TIRZ project and also subject to City Council approval of the sale of the said property from the City to GEDCO. (Approved 5-0) Adjourned at 5:40 p.m. None of the members of the Board left the meeting room. Reconvened into Regular Session at 5:45 p.m. Recessed into Executive 5:45 p.m. Reconvened into Regular Session at 5:50 p.m. Motion by Marler , second by Jonrowe to Adjourn Adjourned 5:50 p.m. Attest: __________________________________________________________ John Kiltz, Corporate SecretaryPat Berryman, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, May 16, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, May 16, 2011 beginning at 04:00 PM in the Main Floor Conference room at City Hall, located at 113 E. 8th Street, Georgetown, Texas 78626 If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, Dale Ross, John Kiltz, John Marler, Tommy Gonzalez Call to Order at 04:00 PM The GEDCO Board will meet on Monday, June 6, 2011 at 4:00pm in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas, therefore, no meeting will be held on May 16, 2011. THIS MEETING HAS BEEN CANCELLED. Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, April 25, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, April 25, 2011 beginning at 04:00 PM in the Main Floor Conference Room at City Hall, located at 113 E. 8th Street, Georgetown, Texas 78626. If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, Dale Ross, John Kiltz, John Marler, Tommy Gonzalez Call to Order at 04:00 PM 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 . http://georgetown.org/pdfs/gedco/2011/4-25-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, March 21, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2011/4-25-11/ItemB.pdf C.Consideration of the March 31, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/4-25-11/ItemC.pdf D.Discussion and possible action to authorize the funding and hire an architectural firm to produce drawings illustrating the remodel of the City Offices Building located at 7 th and Main Streets.--Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2011/4-25-11/ItemD.pdf 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 Star - 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 Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas. H. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Minutes of the Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, April 25, 2011 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, April 25, 2011. Members Present: Pat Berryman, Dale Ross, Tommy Gonzalez, John Marler, John Kiltz Members Absent: Staff Present: Paul Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley Rinn, Executive Assistant to the City Manager, Mark Sokolow, City Attorney, Lauri Brewer, Assistant Finance Director Minutes Regular Meeting 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 current Projects. He said that there wasn't much to report. He indicated that we continue to work with McIntosh. An Agreement has not been approved yet and they are working with him on the landscaping and utilities. B.Consideration and approval of the minutes from the Meeting held Monday, March 21, 2011--John Kiltz, Secretary Motion by Kiltz, second by Ross to approve the minutes from the Regular Board Meeting held Monday, March 21, 2011. (Approved 5-0) C.Consideration of the March 31, 2011 Financial Reports--Micki Rundell, Finance Manager Brewer went over the financial report, including expenses and sales tax. Sales tax this reporting period is 3% over the prior year. Discussion regarding Citicorp impact on sales tax, gasoline prices, economic recovery , and Certificates of Occupancy for new business . Staff will confirm if this is reported on the monthly activity report provided to Council. There was also discussion that Development Services had 35 review through the Development Review Committee, which is the highest since 2008. There was additional discussion regarding Silver & Stone, Hollandaise, Patty's and Plus 4 Dining all closing their businesses. D.Discussion and possible action to authorize the funding and hire an architectural firm to produce drawings illustrating the remodel of the City Offices Building located at 7 th and Main Streets.--Mark Thomas, Economic Development Director Discussion regarding the possibility of authorizing the funding and hire an architectural firm to produce drawings illustrating the remodel of the City Offices Building located at 7 th and Main Streets. Thomas told the Board that its attorney, Jeff Moore , has indicated that funds cannot be expended unless they are tied to a specific project. The funds cannot be expended on a speculative property. If a commitment is made and a project is confirmed, then 4A funds could be used for this. There was further discussion regarding the deed restrictions on the properties. There was further discussion regarding bidding requirements by the City if the building is to be sold. There was further discussion about whether a precedent would be set if the 4A Board starts a design process on a building prior to having an actual project for the property. It was determined that discussion on this item should continue in Executive Session with regard to discussions pertaining to Project Grape. Recessed into Executive Session at 4:15pm. 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 Star - 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 Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas. Reconvened out of Executive Session at 5:05pm. H. Action out of Executive Session Motion by Berryman , second by Gonzalez for staff to follow the guidelines discussed in Executive Session to negotiate a Performance Agreement with Project Grape to be brought back to GEDCO for final approval . Approved 5-0 Motion by Berryman , second by Marler for staff to follow the guidelines outlined in Executive Session to obtain a letter from the Landlord to outline the parameters of the Agreement and then develop a Performance Agreement with Lone Star Circle of Care and bring it back to the Board for final approval. Approved 5-0 Adjourned at 5:10 p.m. Attest: __________________________________________________________ John Kiltz, Corporate SecretaryPat Berryman, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, April 18, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, April 18, 2011 beginning at 04:00 PM in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, Dale Ross, John Kiltz, John Marler, Tommy Gonzalez Call to Order at 04:00 PM THIS MEETING HAS BEEN CANCELED AND WILL BE RESCHEDULED AT A LATER DATE. 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 . http://georgetown.org/pdfs/gedco/2011/4-18-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, March 21, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2011/4-18-11/ItemB.pdf C.Consideration of the March 31, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2011/4-18-11/ItemC.pdf D.Discussion and possible action to authorize the funding and hire an architectural firm to produce drawings illustrating the remodel of the City Offices Building located at 7 th and Main Streets. --Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2011/4-18-11/ItemD.pdf 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 Star - 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 Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas. H. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, March 21, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, March 21, 2011 beginning at 04:00 PM in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Dale Ross, John Kiltz, John Marler, Tommy Gonzalez, Pat Berryman Call to Order at 04:00 PM A.Consideration and possible action to elect officers to include President, Vice-President and Secretary—Paul E. Brandenburg, General Manager http://georgetown.org/pdfs/gedco/3-21-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, February 21, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/3-21-11/ItemB.pdf C.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 http://georgetown.org/pdfs/gedco/3-21-11/ItemC.pdf DConsideration of the February 28, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/3-21-11/ItemD.pdf 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. 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 Lincoln - Project Grape 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. K. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, February 21, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, February 21, 2011 beginning at 04:00 PM in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, Dale Ross, John Kiltz, John Marler, Tommy Gonzalez Call to Order at 04:00 PM 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 http://georgetown.org/pdfs/gedco/2-21-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Tuesday, January 18, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2-21-11/ItemB.pdf C.Consideration of the January 31, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2-21-11/ItemC.pdf D.Presentation of sales tax information and analysis--Micki Rundell, Finance Manager http://georgetown .org/pdfs/gedco/2-21-11/ItemD.pdf http://georgetown .org/pdfs/gedco/2-21-11/SalesTaxPresentation 020111.pdf E.Discussion and possible action regarding engineering analysis/research for marketing and promotion --Mark Thomas, Economic Development Director http://georgetown .org/pdfs/gedco/2-21-11/ItemE.pdf F.Discussion and possible action regarding the agreement with Gene Richards--Mark Thomas, Economic Development Director http://georgetown .org/pdfs/gedco/2-21-11/ItemF.pdf G.Discussion and possible action regarding target advertising for marketing and promotion--Mark Thomas, Economic Development Director http://georgetown .org/pdfs/gedco/2-21-11/ItemG.pdf 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: H.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. I.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. - Discussion regarding possible incentives related to 100 Austin Avenue - Project Lincoln - Project Grape - Project MSW Energy J.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. K. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, January 18, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, January 18, 2011 beginning at 02:00 PM in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, Dale Ross, John Kiltz, John Marler, Tommy Gonzalez Call to Order at 02:00 PM The GEDCO Board will meet on Tuesday, January 18, 2011 at 2:00pm in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas, therefore, no meeting will be held on January 17, 2011. THIS MEETING HAS BEEN CANCELLED. Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, January 17, 2011 The Board of Directors of the Georgetown Economic Development Corporation, created pursuant to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the Development Corporation Act of 1979), will meet on Monday, January 17, 2011 beginning at 02:00 PM in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Pat Berryman, Dale Ross, John Kiltz, John Marler, Tommy Gonzalez Call to Order at 02:00 PM A.Discussion and possible action regarding the Project Progress Report, including Hope Lumber Company, Airborn, Texas Outdoor Power Company, Enflite, McIntosh Holdings, LLC, Ringdale, and Radix BioSolutions-- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager http://georgetown.org/pdfs/gedco/1-18-11/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, November 15, 2010--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/1-18-11/ItemB.pdf C.Consideration of the December 31, 2010 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/1-18-11/ItemC.pdf D.Discussion and possible action regarding changing the time and/or date of the regularly scheduled Meetings for the Georgetown Economic Development Corporation--Pat Berryman, President http://georgetown.org/pdfs/gedco/1-18-11/ItemD.pdf 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 Baxter - Project FS - Project Star - Project Lincoln - Project Golden Dragon - Project Infrastructure 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. H. Action out of Executive Session Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _____ day of _________________, 2011, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary Minutes of the Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Tuesday, January 18, 2011 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Tuesday, January 18, 2011. Members Present: Dale Ross, Pat Berryman, John Marler, Tommy Gonzalez, John Kiltz Members Absent: Staff Present: Paul Brandenburg, General Manager, Micki Rundell, Finance Manager, Mark Thomas, Economic Development Director, Shirley Rinn, Executive Assistant to the City Manager, Mark Sokolow, City Attorney Minutes Regular Meeting Called to order at 2:02 p.m. A.Discussion and possible action regarding the Project Progress Report, including Hope Lumber Company, Airborn, Texas Outdoor Power Company, Enflite, McIntosh Holdings, LLC, Ringdale, and Radix BioSolutions-- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager Discussion regarding whether to leave McIntosh on this report. It will remain on the report for now. There is no new information on the settlement. Thomas provided an overview of the other pending projects. B.Consideration and approval of the minutes from the Meeting held Monday, November 15, 2010--John Kiltz, Secretary Motion by Gonzalez second by Marler to approve the minutes from the Regular Board Meeting held Monday, November 15, 2010. (Approved 4-0, Berryman absent) C.Consideration of the December 31, 2010 Financial Reports--Micki Rundell, Finance Manager Rundell went over the financial report, including expenses and sales tax. Sales Tax is up for November. If sales tax trends stay the same or go up, there may be more funding available for use since the budget was based on lower estimates. Berryman arrived at 2:10 p.m. D.Discussion and possible action regarding changing the time and/or date of the regularly scheduled Meetings for the Georgetown Economic Development Corporation--Pat Berryman, President Pat provided an overview of the reasons to change the time of the meeting. Motion by Berryman, Second by Kiltz to change the meeting time of the GEDCO Meetings to 4:00pm beginning with the February 2011 Meeting. Recessed to Executive Session 2:11pm 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 Baxter - Project FS - Project Star - Project Lincoln - Project Golden Dragon - Project Infrastructure 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. H. Action out of Executive Session No Action out of Executive Session. Reconvened into Regular Session at 4:04 pm Adjourned at 4:04 p.m. Attest: __________________________________________________________ John Kiltz, Corporate SecretaryPat Berryman, President