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HomeMy WebLinkAboutGEDCO_Agenda&Minutes_2012Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, December 17, 2012 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 17, 2012 beginning at 04:30 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: John Marler, Tommy Gonzalez, Rachael Jonrowe, Bill Sattler, Hugh Brown Call to Order at 04:30 PM REVISED AGENDA A. Discussion and possible action regarding the Project Progress Report, including Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, Difusion Technologies, Inc., and Georgetown Independent School District. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager. http://georgetown.org/pdfs/gedco/2012/12-17-12/ItemA.pdf B. Consideration and approval of the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, September 17, 2012—Rachael Jonrowe, Secretary http://georgetown.org/pdfs/gedco/2012/12-17-12/ItemB.pdf C. Consideration of the November 30, 2012 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/12-17-12/ItemC.pdf D.Discussion and possible action regarding the use of Promotional Funds in 2013— Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/12-17-12/ItemD.pdf E.Discussion and possible action regarding development areas in south Georgetown at IH35 and Inner Loop Road—Mark Thomas , Economic Development Director http://georgetown.org/pdfs/gedco/2012/12-17-12/ItemE.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: F.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. G.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. --financial incentives for TASUS Texas H. 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. I. 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 _________________, 2012, 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, December 17, 2012 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, December 17, 2012. Members Present: Rachael Jonrowe, Hugh Brown, John Marler, Tommy Gonzalez Members Absent: Bill Sattler, Tommy Gonzales Staff Present: Minutes Regular Meeting Meeting was called to order at 4:32 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, Georgetown Winery, Difusion Technologies, Inc., and Georgetown Independent School District. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager. Thomas told the Board that there were no substantive updates. He did indicate that Enflite was close to their compliance date. B. Consideration and approval of the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, September 17, 2012—Rachael Jonrowe, Secretary Motion by Jonrowe, second by Brown to approve the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, September 17, 2012. Approved 3-0 (Sattler, Gonzalez Absent) C. Consideration of the November 30, 2012 Financial Reports--Micki Rundell, Finance Manager Rundell provided the financial report to the Board. She told them that the October sales tax was 22% greater than the October of the previous year. She told them that building materials is making up a large portion of the sales tax collections. She also told them that she would check and see if Chris Foster could come to the next meeting to provide a variance report. She also told the Board that Grape Creek is planning to open in Mid-February. Brown told the Board that at the Angelou Conference they were told that our area was lagging a little in sales tax collections compared to other areas. Rundell provided a possible explanation for the variances between regional communities. She also told the board that it is anticipated that we will have good collections through December and then that the next few months will probably be somewhat flat. D.Discussion and possible action regarding the use of Promotional Funds in 2013— Mark Thomas, Economic Development Director Thomas reminded the Board that it approved the usage of 4A funds for Marketing. He provided a list of marketing items that he would like to utilize funds from the 2012-13 budget. He told the Board that we did receive several site visits from some of the marketing events he has attended. He also told them that the Opportunity Austin is also a good investment. He also said he and Paul discussed increasing the amount contributed to Opportunity Austin. We are receiving site visits from this marketing effort. He also indicated that advertisement is also important in some key publications but are harder to measure than the marketing events. He also provided an overview of his experience with Bisnow and their events. He said that he has now developed a name recognition relationship with this marketer to the extent Georgetown is now being mentioned during some of their presentations. Thomas said that there appears to be an uptick in data center development. He said that there is still about $18,000 left from last year that combined with this year's request would provide a good marketing effort. Mark told the Board that Mike Douglas is the new TLCC President and indicated that he would also like to have the GEDCO pay for Dr. Davis attend some of the bio events with him and that it would go a long way in the development of the relationship with him and the TLCC. There was also a brief discussion regarding availability and affordability of rental housing in Georgetown, as well as discussion as to how much of the marketing efforts impacted the Downtown. Mark told the Board that this marketing effort was more indirect vs. direct to the impact downtown. The goal is to draw higher paying jobs with folks who will bring their disposable income downtown to retailers and restaurants such as “Gumbo's and Grape Creek". Motion by Marler , second by Brown to approve the use of Promotional Funds in an amount not to exceed $80,350 for the Economic Development 2013 Marketing/Promotion Plan, including the travel expenses for Mike Douglas, the TLCC President, to bio events he attends with Mark Thomas. Approved 3-0 (Sattler, Gonzalez Absent) E.Discussion and possible action regarding development areas in south Georgetown at IH35 and Inner Loop Road—Mark Thomas , Economic Development Director Thomas provided a map of areas in south Georgetown at IH35 and Inner Loop Road and told the Board that staff has been discussing the possibility of doing a re-branding effort for these areas and whether or not GEDCO would be willing to financially support that effort. There was discussion as to how these areas are attractive to the biotechnology business and also the medical industry. Thomas told the board that this area includes Data Center, Bio Tech, and Hospitals all in the same area. There was additional discussion regarding the need to have landowner buy-in as to how the area will be branded. Bruce Barton was in the audience representing Longhorn Junction, who is one of the landowners. Thomas provided the names of the multiple developments in the area. The Board indicated that it was supportive of having an identifiable and cohesive brand for the area. Recessed to Executive Session at 5:00 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: F.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. G.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. --financial incentives for TASUS Texas H. 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 5:06 p.m. I. Action out of Executive Session Motion Marler, second by Jonrowe to direct Mark Thomas negotiate a Performance Agreement with TASUS up to $145,000 under the terms outlined in Executive Session. Approved 3-0 (Sattler, Gonzalez Absent) Meeting was adjourned at 5:07 p.m. Attest: __________________________________________________________ Rachael Jonrowe, Corporate Secretary___________________, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, November 19, 2012 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 19, 2012 beginning at 04:30 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: Tommy Gonzalez, John Marler, Rachael Jonrowe, Bill Sattler, Hugh Brown Call to Order at 04:30 PM The regularly scheduled meeting on Monday, November 19, 2012 has been canceled. 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 _________________, 2012, 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, October 15, 2012 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 15, 2012 beginning at 04:30 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: Tommy Gonzalez, John Marler, Rachael Jonrowe, Bill Sattler, Hugh Brown Call to Order at 04:30 PM The regularly scheduled meeting on Monday, October 15, 2012 has been canceled. 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 _________________, 2012, 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, September 17, 2012 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 17, 2012 beginning at 04:30 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: Tommy Gonzalez, John Marler, Rachael Jonrowe, Bill Sattler, Hugh Brown 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, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager. http://georgetown.org/pdfs/gedco/2012/9-17-12/ItemA.pdf B. Consideration and approval of the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, August 20, 2012—Rachael Jonrowe, Secretary http://georgetown.org/pdfs/gedco/2012/9-17-12/ItemB.pdf C. Consideration of the August 31, 2012 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/9-17-12/ItemC.pdf D.Discussion and possible action to approve a Performance Agreement between GEDCO and the Georgetown Independent School District (GISD) for an equipment grant for the Engineering Laboratories at Georgetown and Eastview High Schools in an amount not to exceed $200,560--Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/9-17-12/ItemD.pdf E Discussion and possible action regarding the status of and possible termination of the Performance Agreement between GEDCO and Blackbird Enterprises, LLC and the potential negotiations with Project Bluebird to enter into a new Performance Agreement— Paul E. Brandenburg, City Manager and Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/9-17-12/ItemE.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: F.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. G.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. H. 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. I. 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 _________________, 2012, 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, August 20, 2012 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 20, 2012 beginning at 01:00 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: Tommy Gonzalez, John Marler, Rachael Jonrowe, Bill Sattler, Hugh Brown Call to Order at 01:00 PM A. Discussion and possible action regarding the Project Progress Report, including Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager. http://georgetown.org/pdfs/gedco/2012/8-20-12/ItemA.pdf B. Consideration and approval of the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, June 25, 2012—Rachael Jonrowe, Secretary http://georgetown.org/pdfs/gedco/2012/8-20-12/ItemB.pdf C. Consideration of the July 31, 2012 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/8-20-12/ItemC.pdf D. Consideration and possible action to approve the GEDCO 2012/13 Budget--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/8-20-12/ItemD.pdf E.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/2012/8-20-12/ItemE.pdf F.Discussion and possible action regarding the costs of structural work and remediation on the former visitors’ center building – Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/8-20-12/ItemF.pdf G.Consideration and possible action to approve the Fourth Amended Agreement, Amended Lease Agreement and Promissory Note by and between GCV Enterprises, LLC dba Grape Creek Vineyards and the Georgetown Economic Development Corporation (GEDCO) – Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/8-20-12/ItemG.pdf H.Discussion and possible action regarding a request from the Georgetown Independent School District in an amount not to exceed $200,560 for an equipment grant for the Engineering Laboratories at Georgetown and Eastview High Schools (GISD)--Paul E. Brandenburg, General Manager http://georgetown.org/pdfs/gedco/2012/8-20-12/ItemH.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: I.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. J.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. K. 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. L. 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 _________________, 2012, 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, August 2, 2012 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, August 2, 2012 beginning at 02:00 PM in the City Council Chambers Conference Room located at 101 East 7th Street, Georgetown, TX 78626 If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: Hugh Brown, John Marler, Bill Sattler, Tommy Gonzalez, Rachael Jonrowe Call to Order at 02:00 PM THIS MEETING HAS BEEN CANCELLED SPECIAL MEETING A. Consideration and possible action regarding construction costs on the former Visitor’s Center and Economic Development Offices to prepare for the Grape Creek Vineyard project -- Mark Thomas, Economic Development Director 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 _________________, 2012, 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, July 16, 2012 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 16, 2012 beginning at 04:30 PM in the If you need accommodations for a disability, please notify the city in advance. Georgetown Economic Development Corporation Members: John Marler, Tommy Gonzalez, Rachael Jonrowe, Bill Sattler, Hugh Brown Call to Order at 04:30 PM The regularly scheduled meeting on Monday, July 16, 2012 has been canceled. 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 _________________, 2012, 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, June 25, 2012 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, June 25, 2012 beginning at 04:30 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: John Marler, Tommy Gonzalez, Rachael Jonrowe, Bill Sattler, Hugh Brown 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, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager . http://georgetown.org/pdfs/gedco/2012/6-25-12/ItemA.pdf B.Consideration and approval of the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, May 21, 2012—Rachael Jonrowe, Secretary http://georgetown.org/pdfs/gedco/2012/6-25-12/ItemB.pdf C.Consideration of the May 31, 2012 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/6-25-12/ItemC.pdf D. Discussion and presentation of quarterly Promotional Activity Report-Mark Thomas, Economic Development http://georgetown.org/pdfs/gedco/2012/6-25-12/ItemD.pdf E. Discussion and possible action regarding the approval of a Performance Agreement between GEDCO and Blackbird Enterprises, LLC in an amount not to exceed $87,000 for the creation of jobs related to the establishment and maintenance of a Regional Headquarters in Georgetown --Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/6-25-12/ItemE.pdf F.Discussion and possible action regarding the approval of a Performance Agreement and Personal Property Lease between GEDCO , the Texas Life Sciences Collaboration Center and DisperSol Technologies, LLC in an amount not to exceed $250,000 for an equipment grant --Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/6-25-12/ItemF.pdf G.Consideration and possible action to approve the Third Amended Agreement by and between GCV Enterprises , LLC dba Grape Creek Vineyards and the Georgetown Economic Development Corporation (GEDCO) -- Bridget Chapman, Acting City Attorney and Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/6-25-12/ItemG.pdf H.Discussion and possible action regarding a request from the Georgetown Independent School District in an amount not to exceed $200,560 for an equipment grant for the Engineering Laboratories at Georgetown and Eastview High Schools (GISD)--Paul E. Brandenburg, General Manager http://georgetown.org/pdfs/gedco/2012/6-25-12/ItemH.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: I.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. J.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. -GISD Funding Request for Equipment Grant K. 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. L. 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 _________________, 2012, 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, June 25, 2012 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, June 25, 2012. Members Present: John Marler, Tommy Gonzalez, Hugh Brown, Bill Sattler Members Absent: Rachael Jonrowe 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, Jeff Moore (Via Conference Call) Minutes Regular Meeting Called to Order at 4:32 a.m. Item H was discussed at this time. H.Discussion and possible action regarding a request from the Georgetown Independent School District in an amount not to exceed $200,560 for an equipment grant for the Engineering Laboratories at Georgetown and Eastview High Schools (GISD)--Paul E. Brandenburg, General Manager Mark Thomas introduced Joe Dan Lee, GISD Superintendent, Daniel Weyant, GISD Engineering Instructor, and Mel Pendland, the President of the Chamber of Commerce. Thomas provided the board an overview of the history and culmination of this job training program at the high school. He also talked about a worldwide shortage of skilled workers in engineering fields, as well as in this community. He described the equipment that is being requested with this grant . He explained that the equipment will be placed in two engineering labs, one of each located at each high school. He went over the job vacancy list that he presented to the board and told them of those jobs that are listed in this past year that 2,293 in this area were vacant. He indicated that the jobs require a high school diploma or equivalent , but the job applicants need to be skilled in the field. This program will prepare highly skilled workers that can come out of high school, find a job and raise their families in Georgetown. Joe Dan Lee also provided additional information about the history of the program . He said when this was presented to GEDCO before; the school district just didn't have the funding to do it at the time. He told the board that initially these programs were only going to be at Georgetown High School, but when they started construction on Eastview High School they found that they were able to place labs at both schools. Dan Weyant told the Board about Project Lead the Way, and employers feel that there is a lack of skills training with college graduates. They have book knowledge but no hands on experience. This program will provide the students the tools they need to be prepared for the job as soon as they graduate. He told the Board that this program gets not only Advanced Placement students, but also the kids that may not be focused or are lost and provides them an opportunity to be trained with a job skill. Dan provided an overview of his background in the engineering and math field and how he came to be an instructor in this area. Marler asked about a process to hire a successor if Dan leaves the program, as well as what can be done to increase math skills in the graduating students. There was discussion on what was being to address some of these concerns. Marler asked GISD to schedule a tour once school is back in session to see the Labs. A.Discussion and possible action regarding the Project Progress Report, including Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager . Mark Thomas provided the board an overview of the demolition of the Grape Creek Building. He also told the Board that Lone Star Circle of Care has completely filled the 2nd floor of their building, and that Radix is doing great B.Consideration and approval of the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, May 21, 2012—Rachael Jonrowe, Secretary Motion by Gonzalez, second by Marler to approve the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, May 21, 2012. (Approved 4-0)(Rachael Jonrowe Absent) C.Consideration of the May 31, 2012 Financial Reports--Micki Rundell, Finance Manager Rundell provided an overview of the variations with regard to sale tax. She also went over the amount of GEDCO funds that are available for projects. She told the Board that the next meeting we will have the Budget items to review and approve. She went on to discuss with the Board retail and growth of retail. She told the board that building materials make up a large part of the sales tax collections. She also told them Wolf Ranch also produces a lot of sales tax revenues. There was more discussion regarding sales tax collections being pretty level and we won't see a substantial increase until something big happens in the community in one sector or another. Extensive discussion regarding where the majority of the City's sales tax comes from with regard to sectors. She told the Board that the City really won't see a spike in retail sales tax unless we bring in a big box type retail store. The Board had more discussion regarding sectors and the types of businesses that are locating in Georgetown and the impact of and amount of sales tax they will generate as the City continues to grow. There was additional discussion regarding the sales tax that the City gets when sales contracts and purchase orders are originated within the City limits. Rundell also told the board that the State of Texas has the best of both worlds in that it benefits from all of the other states that pay sales tax at destination as well as with sales that are made in the state. Rundell told the Board that she will get the segmentation sales tax report from Chris Foster and provide it to the board next meeting. The Board indicated that it would like to see what the percentages equate to in dollars on the reports. They indicated that they would like to see a report every six months. D. Discussion and presentation of quarterly Promotional Activity Report-Mark Thomas, Economic Development Thomas provided an overview of the marketing projects that he has participated in per the authorization of the GEDCO Board. He said that the Bisnow events have been very beneficial . He also told the Board that there is a National Data Center Conference in Washington that Bisnow has recommended that he attend if he can. There was additional discussion regarding the City's current capacity to land a Data Center and whether the City could land one right now. Thomas told the Board that there is capacity to handle two more Data Centers at this time. E. Discussion and possible action regarding the approval of a Performance Agreement between GEDCO and Blackbird Enterprises, LLC in an amount not to exceed $87,000 for the creation of jobs related to the establishment and maintenance of a Regional Headquarters in Georgetown --Mark Thomas, Economic Development Director Board Member Bill Sattler recused himself from discussion regarding this item. Thomas provided an overview of the Agreement. He told them this Agreement provides for 29 jobs at $3,000 per job not to exceed a total grant of $87,000. All employees will be employed by Blackbird and the grant will be paid on the back end. Motion by Gonzalez, second by Brown to approve a Performance Agreement between GEDCO and Blackbird Enterprises, LLC in an amount not to exceed $87,000 for the creation of jobs related to the establishment and maintenance of a Regional Headquarters in Georgetown (Approved 3-0)(Jonrowe Absent)(Sattler Recused) F.Discussion and possible action regarding the approval of a Performance Agreement and Personal Property Lease between GEDCO , the Texas Life Sciences Collaboration Center and DisperSol Technologies, LLC in an amount not to exceed $250,000 for an equipment grant --Mark Thomas, Economic Development Director Sattler returned to the dais. Thomas provided an overview and recap of the project. He told the Board that the developer, the building owner, and the TLCC, are working diligently for the GMP space buildout. He told them all the details have not yet been worked out and agreed upon, but that he feels that they will get it all finalized soon. There was additional discussion regarding the purpose of the TLCC and the companies that are located in their facility. Thomas also told the Board that he informed DisperSol and TLCC that the equipment grant and the buildout of the TLCC space needed to be completely separate. The Board also discussed the need for a guaranty that DisperSol will stay in Georgetown and that if the space is approved that GEDCO would require a personal guaranty. The Board indicated that if the space is approved and built, then the grant should be approved. Motion by Gonzalez, second by Brown to postpone the discussion and action on this item until more issues are resolved. (Approved 4-0)(Jonrowe Absent) Board directed Thomas to do due diligence on finances if the buildout of the GMP space is not agreed upon. G.Consideration and possible action to approve the Third Amended Agreement by and between GCV Enterprises , LLC dba Grape Creek Vineyards and the Georgetown Economic Development Corporation (GEDCO) -- Bridget Chapman, Acting City Attorney and Mark Thomas, Economic Development Director Chapman went over the terms of the Agreement and the extended dates and deadlines to accommodate the buildout. She also told them that there will be a Fourth Amendment to memorialize the bids and the project deadlines, and that the delays occurred because of the due diligence to review and obtain construction bids on the project. Motion by Gonzalez, second by Brown to approve the Third Amended Agreement by and between GCV Enterprises , LLC dba Grape Creek Vineyards and the Georgetown Economic Development Corporation (GEDCO). (Approved 4-0)(Jonrowe Absent) H.Discussion and possible action regarding a request from the Georgetown Independent School District in an amount not to exceed $200,560 for an equipment grant for the Engineering Laboratories at Georgetown and Eastview High Schools (GISD)--Paul E. Brandenburg, General Manager Item H was discussed at the beginning of the meeting. Recessed into Executive Session at 5:30 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: I.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. J.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. -GISD Funding Request for Equipment Grant K. 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 5:50 p.m. L. Action out of Executive Session Motion by Marler, second by Gonzalez to direct staff to develop an Agreement with GISD that meets the requirements under Section 501.105 of the Texas Local Government Code and bring the Agreement back to the Board for Consideration. (Approved 4-0)(Jonrowe Absent) Adjourned at 6:55 p.m. Attest: __________________________________________________________ Rachael Jonrowe, Corporate Secretary John Marler , President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, June 18, 2012 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, June 18, 2012 beginning at 04:30 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: Tommy Gonzalez, Rachael Jonrowe, Bill Sattler, Hugh Brown Call to Order at 04:30 PM The regularly scheduled meeting on Monday, June 18, 2012 has been rescheduled. The Meeting will be held on Monday, June 25, 2012 at 4:30pm in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas 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 _________________, 2012, 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, May 21, 2012 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 21, 2012 beginning at 04:30 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: Tommy Gonzalez, Rachael Jonrowe, Danny Meigs, Hugh Brown, John Marler 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, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager . http://georgetown.org/pdfs/gedco/2012/5-21-12/ItemA.pdf B.Consideration and approval of the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, April 16, 2012 and the Special Meeting held on Tuesday, April 24, 2012—Rachael Jonrowe, Secretary http://georgetown.org/pdfs/gedco/2012/5-21-12/ItemB.pdf C.Consideration of the April 30, 2012 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/5-21-12/ItemC.pdf D.Discussion and possible action regarding Grape Creek/Visitor Center building renovation and consideration and possible action to ratify the approval of the Second Amended Agreement by and between GCV Enterprises, LLC dba Grape Creek Vineyards and the Georgetown Economic Development Corporation (GEDCO) -- Bridget Chapman, Acting City Attorney and Mark Thomas , Economic Development Director http://georgetown.org/pdfs/gedco/2012/5-21-12/ItemD.pdf E.Presentation and discussion regarding DisperSol Technologies--Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/5-21-12/ItemE.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: F.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. G.Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. Deliberation regarding commercial or financial information that the corporation has received from a business prospect that the Georgetown Economic Development Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown and with which the Corporation is conducting economic development negotiations; and/or deliberation regarding the offer of a financial or other incentive to a business prospect that the Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown. - Project Black - Tasus Expansion - Grape Creek - Difusion - Dispersol H. 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. I. 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 _________________, 2012, 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, May 21, 2012 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, May 21, 2012. Members Present: Rachael Jonrowe, Tommy Gonzalez, Danny Meigs, John Marler Members Absent: Hugh Brown Staff Present: Mark Thomas, Economic Development Director, Shirley Rinn, Executive Assistant, Laurie Brewer, Deputy City Manager, Micki Rundell, Finance Manager, Bridget Chapman, Acting City Attorney, Jerry Hammerlun, Councilmember, District 5) Minutes Regular Meeting Called to order at 4:32 p.m. Item E was discussed at this time. E.Presentation and discussion regarding DisperSol Technologies--Mark Thomas, Economic Development Director The GEDCO Board introduced themselves to the DisperSol Executives. Mark Thomas introduced Gershon Yaniv who is the Chief Executive Officer. Other staff members introduced themselves: Chris Brough, Vice President of Technology, Dave Miller, Vice President of Research and Development, and Justin Keen, Director of Manufacturing. DisperSol provided a presentation to the GEDCO Board to provide an overview of DisperSol's operations. KinetiSol is the core of their technology that improves the solubility of water insoluble drugs and enables oral drug therapies, reduces dose, reduces side effect, and improves patient compliance. It was explained how DisperSol's technology is different than others' technologies, as well as how big a problem that poorly water soluble drugs are to the pharmaceutical industry. Dr. Yaniv went on to explain the KinetiSol formulation and process, including advantages vs. other technologies, manufacturing process, performance and revenue promotion . There was additional discussion regarding the advantages of having a Rigaku Miniflex X-ray Diffraction System in-house vs. outsourcing and whether or not it could also be utilized as a revenue stream for the company in the same manner they currently outsource. There was also extensive discussion regarding how the pharmaceutical industry is very conservative and doesn't necessarily fund small companies in the same ways other industries do. It was explained that smaller pharmaceutical companies have to prove themselves in order to open up doors in the industry. Their firm is at a point that it has been funded to the point they are going to be by the pharmaceutical industry and having this piece of equipment will show the industry they are a credible company that can produce what they say they can. There was further discussion regarding the timeline for the development of this technology from the point of obtaining this equipment, the projected growth of the company, and DisperSol's intent to grow their company and stay in this area. A.Discussion and possible action regarding the Project Progress Report, including Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager . Thomas provided a matrix that provided an overview in the GEDCO investment on a per job basis. He also explained that some of the projects had extenuating circumstances of why the project needed to be done, but most of them it was simple to provide the matrix . There was discussion by the Board regarding the importance of having this type of information. B.Consideration and approval of the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, April 16, 2012 and the Special Meeting held on Tuesday, April 24, 2012—Rachael Jonrowe, Secretary Motion by Gonzalez second by Meigs to approve the minutes for Georgetown Economic Development Corporation for the Regular Meeting held Monday, April 16, 2012 and the Special Meeting held on Tuesday, April 24, 2012 (Approved 4-0)(Hugh Brown Absent) C.Consideration of the April 30, 2012 Financial Reports--Micki Rundell, Finance Manager Rundell provided an overview of the Financial Report. She told the board that sales tax was down a little bit for March, but that it is up 3% for this fiscal year. She also discussed with the Board the impact of one-time events that will cause the sales tax numbers to fluctuate. She also went over expenditures. Thomas also went over the Bisnow events that have been paid for with marketing funds that he has been attending and the benefit that has been derived from them. There was additional discussion regarding the impact of Wolf Ranch and Dos Salsas on sales tax, as well as what the impact will be once the vacancies fill up with new stores. They also discussed whether or not the City had the ability to get a vacancy report for the entire City and the importance of having that type of data available. Additional discussion regarding the benefit of tracking overall real estate sales to try and gauge the impact those sales may have on the City as a whole. There was also discussion on how having this type of information could help the GEDCO Board make more informed decisions about when and how it grants its funding for proposed projects. D.Discussion and possible action regarding Grape Creek/Visitor Center building renovation and consideration and possible action to ratify the approval of the Second Amended Agreement by and between GCV Enterprises, LLC dba Grape Creek Vineyards and the Georgetown Economic Development Corporation (GEDCO) -- Bridget Chapman, Acting City Attorney and Mark Thomas, Economic Development Director Thomas explained to the Board the construction estimates and the reasons for obtaining additional bids for the construction of the renovations. He explained that some constructive testing has been done which has provided a clearer idea of what is needed for the renovations. It is anticipated that the construction bids will come in under the $359,000 with a buildout allowance for Grape Creek. Chapman explained the need to ratify the Agreement due the need for a motion and a second on the original action. Motion by Meigs, Second by Gonzalez to ratify the ratify the approval of the Second Amended Agreement by and between GCV Enterprises, LLC dba Grape Creek Vineyards and the Georgetown Economic Development Corporation (GEDCO) (Approved 4-0)(Hugh Brown Absent) Recessed into Executive Session at 5:33 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: F.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. G.Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. Deliberation regarding commercial or financial information that the corporation has received from a business prospect that the Georgetown Economic Development Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown and with which the Corporation is conducting economic development negotiations; and/or deliberation regarding the offer of a financial or other incentive to a business prospect that the Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown. - Project Black - Tasus Expansion - Grape Creek - Difusion - DisperSol H. 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 6:24 p.m. I. Action out of Executive Session Motion by Gonzalez, second by Meigs to approve the Performance Agreement with Difusion increasing the grant amount from $80,000 to $92,000, with funding to be within thirty (30) days of final approval of a signed lease agreement with secured deposit in place, and a complete agreement between TLCC and GREX for the building expansion. (Approved 4-0) (Hugh Brown Absent) Adjourned at 6:26 p.m. Attest: __________________________________________________________ Rachael Jonrowe, Corporate Secretary John Marler , President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, March 19, 2012 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 19, 2012 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: John Marler, Tommy Gonzalez, Rachael Jonrowe, Danny Meigs, Hugh Brown Call to Order at 04:30 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/2012/3-19-12/ItemA.pdf B.Review and discussion of the City Council Attendance Policy for Board Members--Shirley J. Rinn, Staff Liaison http://georgetown.org/pdfs/gedco/2012/3-19-12/ItemB.pdf C.Discussion and possible action regarding the Project Progress Report, including Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager . http://georgetown.org/pdfs/gedco/2012/3-19-12/ItemC.pdf D.Consideration and approval of the minutes from the Meeting held Tuesday, January 17, 2012 and Tuesday, February 28, 2012--Paul E. Brandenburg, General Manager http://georgetown.org/pdfs/gedco/2012/3-19-12/ItemD.pdf E.Consideration of the February 29, 2012 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/3-19-12/ItemE.pdf F.Discussion and presentation of quarterly Promotional Report-Mark Thomas, Economic Development http://georgetown.org/pdfs/gedco/2012/3-19-12/ItemF.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: G.Section 551.072. DELIBERATION REGARDING REAL PROPERTY Discussion and possible action to deliberate the purchase, exchange, lease or value of real property for purposes authorized by the Development Corporation Act which discussion in open session would have a detrimental effect on negotiations with third persons. H.Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. Deliberation regarding commercial or financial information that the corporation has received from a business prospect that the Georgetown Economic Development Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown and with which the Corporation is conducting economic development negotiations; and/or deliberation regarding the offer of a financial or other incentive to a business prospect that the Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown. -Project Black -Project 1431 -Difusion Technologies -Project Trapper Keeper I. Section 551.071. CONSULTATION WITH ATTORNEY Consultation with attorney regarding legal issues related to agenda items and other matters in which the duty of the attorney to the Georgetown Economic Development Corporation under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas. J. 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 _________________, 2012, 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, March 19, 2012 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, March 19, 2012. Members Present: Rachael Jonrowe, Tommy Gonzalez, Danny Meigs, John Marler, Hugh Brown Members Absent: Staff Present: Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley Rinn, Executive Assistant, Laurie Brewer, Deputy City Manager, Micki Rundell, Finance Manager, Bridget Chapman, Acting City Attorney Minutes Regular Meeting Brandenburg called to order at 4:30 p.m. A.Consideration and possible action to elect officers to include President, Vice-President and Secretary—Paul E. Brandenburg, General Manager Motion by Meigs to nominate Hugh Brown as President. Brown indicated that he was the newest member on the Board and felt one of the members who had been on the Board longer should be elected as President. Meigs withdrew the motion. Motion by Gonzalez, second by Brown to elect John Marler as President. Approved 5-0. Motion by Marler, second by Brown to elect Tommy Gonzalez as Vice-President. Approved 5-0. Motion by Gonzalez, second by Marler to elect Rachael Jonrowe as Secretary. Approved 5-0. B.Review and discussion of the City Council Attendance Policy for Board Members--Shirley J. Rinn, Staff Liaison Rinn provided an overview of the current City Council Attendance Policy for Board Members. The board discussed the current policy, which states that members who attend "less than 75%" of the meetings will be removed, but notices are currently sent out after missing 2 regularly-scheduled meetings and dismissals sent out after 3 regularly-scheduled meetings. Jonrowe asked staff to make sure that they actually verify that 3 missed meetings meets the 75% threshold, since some boards/commissions don't have exactly 12 meetings per year. C.Discussion and possible action regarding the Project Progress Report, including Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager. Thomas provided an overview of the projects outlined in the project report. He discussed the way businesses are contracting employees instead of hiring them. He provided the board a heads up that the Board will have to determine how they will handle the performance measures with regard to job creation that is handled in this manner. Mark indicated that a company that may be impacted will be Enflite and he has met with them and will follow up with them. He also provided overviews as follows: Radix Performance Agreement, which is a front ended grant. Lone Star Circle of Care Performance Agreement, which provided for the build out for corporate headquarters up to $387,000 with job creation over five years. Grape Creek Performance Agreement for build out up to $287,000; Grape Creek is formulating the final numbers to start build out on the facility. Georgetown Winery Performance Agreement, which provided $70,000 for qualified expenditures for expansion. DiFusion -Performance Agreement, which was for an $80,000 grant to purchase equipment; Finalization is on hold until Difusion meets its financial requirements. Thomas told the Board that his staff regularly contacts the recipients of these grants and also discussed how GEDCO funding is handled for companies located at the TLCC. D.Consideration and approval of the minutes from the Meeting held Tuesday, January 17, 2012 and Tuesday, February 28, 2012--Paul E. Brandenburg, General Manager Motion by Gonzalez, second by Jonrowe to approve the minutes from the Meetings held Tuesday, January 17, 2012 and Tuesday, February 28, 2012 Approved 5-0. E.Consideration of the February 29, 2012 Financial Reports--Micki Rundell, Finance Manager Rundell provided a Financial Report including the Budget along with the expenditures that have been committed as well as what has been paid to date. She also went over the sales tax report. She told the Board that we are .47% over last year, which is good considering that we were down. There was also discussion regarding the impact of the lumber yard that recently opened in Jarrell. Rundell told the Board that the lumber yard in Jarrell is owned by ProBuild and the sales office is in Georgetown. The Board also discussed the use of the purchase funds for Grape Creek building. Rundell and Brandenburg told the Board it would be reinvested downtown for sidewalk improvements. F.Discussion and presentation of quarterly Promotional Report-Mark Thomas, Economic Development Thomas told the Board that his department spent $5,000 for Opportunity Austin which has been very beneficial with the partnership with our regional partners. He also told them that the City is sponsoring the 2012 Professional Forum for the International Asset Management Council for $5,000. Recessed into Executive Session at 4:50 p.m. EXECUTIVE SESSION The Georgetown Economic Development Corporation will meet in closed executive session as allowed by Texas Open Meetings Act (Texas Government Code Chapter 551), as follows: G.Section 551.072. DELIBERATION REGARDING REAL PROPERTY Discussion and possible action to deliberate the purchase , exchange, lease or value of real property for purposes authorized by the Development Corporation Act which discussion in open session would have a detrimental effect on negotiations with third persons. H.Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. Deliberation regarding commercial or financial information that the corporation has received from a business prospect that the Georgetown Economic Development Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown and with which the Corporation is conducting economic development negotiations; and/or deliberation regarding the offer of a financial or other incentive to a business prospect that the Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown. -Project Black -Project 1431 -Difusion Technologies -Project Trapper Keeper I. Section 551.071. CONSULTATION WITH ATTORNEY Consultation with attorney regarding legal issues related to agenda items and other matters in which the duty of the attorney to the Georgetown Economic Development Corporation under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas. Reconvened into Regular Session at 5:27 p.m. J. Action out of Executive Session There was no action out of Executive Session Adjourned at 5:27p.m. Attest: __________________________________________________________ Rachael Jonrowe, Corporate Secretary John Marler, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, February 20, 2012 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 20, 2012 beginning at 04:30 PM in the Main Floor Conference Room in City Hall, located at 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 Marler, John Kiltz, Tommy Gonzalez, Rachael Jonrowe Call to Order at 04:30 PM MEETING WAS NOT HELD DUE TO LACK OF A QUORUM A.Discussion and possible action regarding the Project Progress Report, including Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager . http://georgetown.org/pdfs/gedco/2012/2-20-12/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Tuesday, January 17, 2012--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2012/2-20-12/ItemB.pdf C.Consideration of the January 31, 2012 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/2-20-12/ItemC.pdf D.Consideration and possible action to approve the First Amended Agreement by and between GCV Enterprises, LLC dba Grape Creek Vineyards and the Georgetown Economic Development Corporation (GEDCO), the related Lease Agreement and Promissory Note. -- Bridget Chapman, Acting City Attorney and Mark Thomas , Economic Development Director http://georgetown.org/pdfs/gedco/2012/2-20-12/ItemD.pdf E.Consideration and possible action to approve the Third Amended Bylaws of the City of Georgetown 4A Corporation, Georgetown Economic Development Corporation(GEDCO)— Bridget Chapman, Acting City Attorney http://georgetown.org/pdfs/gedco/2012/2-20-12/ItemE.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: F.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. G.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. H. 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. I. 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 _________________, 2012, 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 Tuesday, January 17, 2012 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 Tuesday, January 17, 2012 beginning at 01:00 PM in the Texas Life-sciences Collaboration Center (TLCC) Conference Room, located at 111 W. Cooperative Way, Building 2, Suite 200, Georgetown, TX 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 01:00 PM A.Discussion and possible action regarding the Project Progress Report, including Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, and Difusion Technologies, Inc. -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager . http://georgetown.org/pdfs/gedco/2012/1-17-12/ItemA.pdf B.Consideration and approval of the minutes from the Meeting held Monday, November 21, 2011--John Kiltz, Secretary http://georgetown.org/pdfs/gedco/2012/1-17-12/ItemB.pdf C.Consideration of the December 31, 2011 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/1-17-12/ItemC.pdf D.Discussion and possible action regarding amending the 2011/12 GEDCO Budget for projects with remaining funds and approval from 2010/11—Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2012/1-17-12/ItemD.pdf E.Discussion and possible action regarding the allocation of costs related to the construction and rehabilitation of the floor at 101 W. 7th Street (old Visitor's Center) property--Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager http://georgetown.org/pdfs/gedco/2012/1-17-12/ItemE.pdf F.Discussion and possible action regarding the use of Promotional Funds in 2012 – Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/1-17-12/ItemF.pdf G.Discussion and possible action regarding the EB-5 Certification Process- Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2012/1-17-12/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. 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 _________________, 2012, 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 Tuesday, January 17, 2012 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 Tuesday, January 17, 2012 beginning at 11:30 AM in the Texas Life Sciences Commercialization Center (TLCC) Conference Room, located at 111 W. Cooperative Way, Building 2, Suite 200, Georgetown, TX  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 11:30 AM Members of the Governing Body and the Georgetown Economic Development Commission of the City of Georgetown, Texas Will be attending a Special Meeting and Special Luncheon from 11:30am to 1:00pm sponsored by the Texas Life-sciences Collaboration Center (TLCC) AGENDA A.TLCC Update, Russ Peterman & Mel Pendland B.TLCC Building Status and New Construction, Russ Peterman & Tom Cornelius, GSC Architects C.Molecular Templates CPRIT Award, Dr. Eric Poma D.Xeris Pharmaceuticals, Dr. John Kinzell E.DisperSol Technologies, Dr. Dave Miller F.TLCC Executive Director Candidate, Dr. Michael Douglas, Director, UAMS BioVentures No official City Council or Board/Commission action will be taken. 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 _________________, 2012, 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 16, 2012 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 16, 2012 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, John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe Call to Order at 02:00 PM The regularly scheduled meeting on Monday, January 16, 2012 has been rescheduled. The Meeting will be held on Tuesday, January 17, 2012 at 1:00pm in the Texas Life-sciences Collaboration Center (TLCC) Conference Room, located at 111 W. Cooperative Way, Building 2, Suite 200, Georgetown, TX 78626 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 _________________, 2012, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary