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HomeMy WebLinkAboutGEDCO_Agenda&Minutes_2013Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, September 16, 2013 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 16, 2013 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: Hugh Brown, Charles Carter, Jerry Hammerlun, Steve Fought, Patty Eason, Kevin Kelly, Walter Barkalow Call to Order at 04:30 PM A.Sales Tax Presentation – Chris Foster, Utility Financial Analyst and Micki Rundell, Finance Manager http://georgetown .org/pdfs/gedco/2013/9-16-13/ItemA.pdf BDiscussion 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., Texas Life Sciences Collaboration Center (TLCC), Radiation Detection Company -- Mark Thomas, Economic Development Director and Paul E. Brandenburg, General Manager. http://georgetown.org/pdfs/gedco/2013/9-16-13/ItemB.pdf C.Consideration and approval of the minutes from the Meeting held Monday, July 15, 2013 -- Hugh Brown, Secretary http://georgetown.org/pdfs/gedco/2013/9-16-13/ItemC.pdf D.Review and possible action related to the Day and Time of GEDCO Meetings--Paul E. Brandenburg, General Manager http://georgetown .org/pdfs/gedco/2013/9-16-13/ItemD.pdf E.Consideration of the August 31, 2013 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2013/9-16-13/ItemE.pdf F.Presentation of the Grape Creek Project Closeout Report--Micki Rundell, Finance Manager http://georgetown .org/pdfs/gedco/2013/9-16-13/ItemF.pdf G.Discussion and possible action regarding Freeport Exemption Study--Mark Thomas, Economic Development Director http://georgetown .org/pdfs/gedco/2013/9-16-13/ItemG.pdf H.Staff report regarding proposed Performance Agreement for improvements associated with the development of new business enterprises in The Summit at Rivery Park Subdivision, including possible direction to Staff -- Bridget Chapman, City Attorney http://georgetown .org/pdfs/gedco/2013/9-16-13/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) 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. --STI International 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 _________________, 2013, 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 19, 2013 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 19, 2013 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: Hugh Brown, Charles Carter, Jerry Hammerlun, Kevin Kelly, Patty Eason, Steve Fought, Walter Barkalow Call to Order at 04:30 PM The regularly scheduled meeting on Monday, August 19, 2013 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 _________________, 2013, 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 15, 2013 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 15, 2013 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: Hugh Brown, Charles Carter, Jerry Hammerlun, Kevin Kelly, Patty Eason, Steve Fought, Walter Barkalow 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/2013/7-15-13/ItemA.pdf BConsideration and approval of the minutes from the Meeting held Monday, June 17, 2013 -- Hugh Brown, Secretary http://georgetown .org/pdfs/gedco/2013/7-15-13/ItemB.pdf C.Consideration of the June 30, 2013 Financial Reports--Micki Rundell, Finance Manager http://georgetown .org/pdfs/gedco/2013/7-15-13/ItemC.pdf D.Consideration and possible action to approve the GEDCO 2013/14 Budget. – Micki Rundell, Finance Manager http://georgetown .org/pdfs/gedco/2013/7-15-13/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/2013/7-15-13/ItemE.pdf F.Discussion and possible action regarding a Performance Agreement with Texas Life Sciences Collaboration Center (TLCC) in an amount not to exceed $150,000-Mark Thomas, Economic Development Director http://georgetown .org/pdfs/gedco/2013/7-15-13/ItemF.pdf GDiscussion and possible action regarding a Performance Agreement with Radiation Detection Company (RDC) in an amount not to exceed $320,000-Mark Thomas, Economic Development Director http://georgetown .org/pdfs/gedco/2013/7-15-13/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 terms for Performance Agreement with STI International -Radiation Detection Company -financial and other proprietary information 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 _________________, 2013, 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 17, 2013 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 17, 2013 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: Walter Barkalow, Steve Fought, Patty Eason, Kevin Kelly, Jerry Hammerlun, Charles Carter, Hugh Brown Call to Order at 04:30 PM REVISED A.Consideration and possible action to elect officers to include President, Vice-President and Secretary consistent with Section 3.02 of the GEDCO Bylaws as result of new Councilmembers being appointed to the GEDCO Board.—Paul E. Brandenburg, General Manager http://georgetown.org/pdfs/gedco/2013/6-17-13/ItemA.pdf B.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/2013/6-17-13/ItemB.pdf CConsideration and approval of the minutes from the Meeting held Monday, April 15, 2013 -- Hugh Brown, Secretary http://georgetown.org/pdfs/gedco/2013/6-17-13/ItemC.pdf D.Consideration of the May, 2013 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2013/6-17-13/ItemD.pdf E.Discussion and possible action regarding STI, a Georgetown manufacturing company--Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2013/6-17-13/ItemE.pdf F. Discussion and possible action regarding the speculative commercial buildings project--Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2013/6-17-13/ItemF.pdf GDiscussion and possible action regarding Texas Life Sciences Collaboration Center (TLCC)-Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2013/6-17-13/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 terms for Performance Agreement with Radiation Detection Company -STI 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 _________________, 2013, 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 17, 2013 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, June 17, 2013. Members Present: Steve Fought, Walt Barkalow, Jerry Hammerlun, Patty Eason, Hugh Brown Members Absent: Kevin Kelly, Charles Carter Staff Present: Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley Rinn, Executive Assistant, Laurie Brewer, Assistant City Manager, Micki Rundell, Finance Manager, Skye Masson, Assistant City Attorney Minutes Regular Meeting The Secretary, Hugh Brown, called the Meeting to Order. A.Consideration and possible action to elect officers to include President, Vice-President and Secretary consistent with Section 3.02 of the GEDCO Bylaws as result of new Councilmembers being appointed to the GEDCO Board.—Paul E. Brandenburg, General Manager Motion by Hammerlun, second by Fought to nominate Patty Eason as President (Approved 5-0) (Carter and Kelly Absent) Motion by Brown, second by Eason to nominate Jerry Hammerlun as Vice President (Approved 5-0) (Carter and Kelly Absent) Motion by Hammerlun, second by Fought to nominate Hugh Brown as Secretary (Approved 5-0) (Carter and Kelly Absent) B.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 explained to the new Board Members the purpose of the Project Update. He told the Board that Enflite has added jobs but not as many as the Performance Agreement requires and that staff is working with the Company on a plan to address the compliance. He indicated that all of the other projects were on course. Fought asked for a clarification on how the Performance Agreements are negotiated and how the terms are set. Thomas provided an explanation. CConsideration and approval of the minutes from the Meeting held Monday, April 15, 2013 -- Hugh Brown, Secretary Motion by Brown, second by Barkalow to approve the minutes from the Meeting held on Monday, April 15, 2013. (Approved 5-0)(Carter and Kelly Absent) D.Consideration of the May, 2013 Financial Reports--Micki Rundell, Finance Manager Rundell provided an overview of the Financial Report. She told the Board that the sales tax revenues are approximately 9 1/2% ahead of last year. She told the Board that a more detailed sales tax report will be provided at the end of the year. E.Discussion and possible action regarding STI, a Georgetown manufacturing company--Mark Thomas, Economic Development Director Thomas told the Board that his department regularly does retention visits with local businesses. He provided an overview of a success story regarding Airborn. He then introduced the principals of STI, a local manufacturing company that makes handguns with an international market. The company is now at a point where they have grown to the extent that they need to expand. He introduced Tim Dillon to provide an overview of their business operations . Thomas told the Board that STI is looking at locations in Georgetown, but also at others in the local area so we are competing to keep them in Georgetown . Mr. Dillon provided an overview of the business operations and told the Board that he wants to stay in Georgetown. He went on to provide a PowerPoint Presentation to explain further. He said he's really familiar with the growth cycles. He said he expects a 10% growth over the next several years. He also told the board that his intent is to keep the firing range piece of the facility enclosed and safe, but it is imperative his company be allowed to discharge firearms in the city limits. They are grandfathered at their current location, but it is something that would need to be approved. He told the Board that 60% of his workforce are college educated/craftsmen and the rest manufacturing and on the line. He runs 2 shifts. He told the Board that they have already purchased property in Jarrell as a backstop. F. Discussion and possible action regarding the speculative commercial buildings project--Mark Thomas, Economic Development Director Thomas told the Board that we are starting to see stronger companies who are looking for commercial space. There is a need for space that is ready to go. Texas Outdoor Power has a 40,000 square foot pad site that is ready to go. Is there a way to get over the threshold to get the buildings built without a specific tenant or company? Developers are hesitant to build spec buildings because of the amount of loan interest they have to pay until the buildings are leased . Mark was wondering if the Board would be willing to consider funding those types of costs for a year until the buildings were leased. Once the buildings were built, the Developer would pay those costs back, and if the building is not leased within a year, any costs related to the upkeep would then fall back on the Developer. He wanted to bring this concept to the Board for their consideration. The Board was receptive to this idea but wanted to make sure the concept was a legal use for 4A funding. Motion by Hammerlun, second by Fought to bring a more formal proposal back to the Board for its consideration with a legal opinion as to its viability. (Approved 5-0)(Carter and Kelly Absent) GDiscussion and possible action regarding Texas Life Sciences Collaboration Center (TLCC)-Mark Thomas, Economic Development Director Thomas introduced Dr. Michael Douglas, the Executive Director, for TLCC. He told the Board we are at a critical point to move forward. TLCC is at a point they need to expand and build a new building. The companies are growing and expanding quickly and they also have new companies that want to come. Dr. Douglas told the Board about his background. TLCC is Service Provider for companies and helps them to nurture and develop these companies to the point they are ready to expand and grow. The next building that is being completed is already at 50%. He went on to provide some of the economics of running their facility and the costs of expansion. He told the Board that their business plan has worked and provided an overview of the companies that are located at the TLCC and the economic impact they have provided to the community. He told the Board that TLCC serves the City as an economic arm to attract companies to Georgetown. He went on to explain the role of federal grants and how the GEDCO board can further assist the TLCC in their current efforts. Discussion regarding the role of GREX. There was a recommendation to continue to invest in the TLCC to assist it with its operations so that it can continue to serve the City as an economic arm. Thomas provided a Report to the Board on the Return on Investment that the TLCC has provided to the community. The TLCC is requesting an annual commitment of $150,000, which could potentially be offset by federal grants. Eason told the board that this is exactly what she had hoped for when the City invested in that very first company at the TLCC. Motion by Brown, second to Hammerlun to commit $150,000 for the upcoming year and to authorize staff to negotiate a Performance Agreement outlining the terms for an ongoing commitment. (Approved 5-0)(Carter and Kelly Absent) Eason left the dais. Recessed into Executive Session at 5:50 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: 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 terms for Performance Agreement with Radiation Detection Company -STI 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 at 6:10 p.m. K. Action out of Executive Session. Motion by Fought, second by Barkalow to approve a Performance Agreement with Radiation Detection Company under the terms discussed in Executive Session, to clarify the amount of radiation waste and safety measures taken by the company related to radiation waste, review of the financial information on the Company, verify the Return on Investment, and then forward the Performance Agreement to City Council for its consideration (Approved 4-0) (Carter, Kelly, and Eason Absent) Motion by Fought, second by Barkalow to authorize staff to negotiate a Performance Agreement with STI under the terms discussed in Executive Session. (Approved 4-0)(Carter, Kelly, and Eason Absent) Adjourned at 6:13 p.m. Attest: _________________________________________________________________ Hugh Brown, Corporate SecretaryPatty Eason, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Wednesday, June 12, 2013 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 Wednesday, June 12, 2013 beginning at 11:30 AM in the at the Texas Life-Sciences Collaboration Center (TLCC), 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: Tommy Gonzalez, Rachael Jonrowe, Bill Sattler, Hugh Brown, Charles Carter, Kevin Kelly, Walter Barkalow Call to Order at 11:30 AM NOTICE OF MEETING OF THE GOVERNING BODY AND THE GEORGETOWN ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF GEORGETOWN, TEXAS WEDNESDAY, JUNE 12, 2013 Notice is hereby given that the Georgetown City Council and the Georgetown Economic Development Corporation will meet on Wednesday, June 12, 2013 at 11:30 a.m. at the Texas Life-Sciences Collaboration Center (TLCC), located at 111 W. Cooperative Way, Building 2, Suite 200, Georgetown, TX 78626. Dr. Michael Douglas, the TLCC Executive Director, will make a presentation on the history and future expansion plans of the TLCC, introduce the companies currently operating at the TLCC, and provide a tour of the facilities. There will be no official action taken by the City of Georgetown entities. 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 _________________, 2013, 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 20, 2013 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 20, 2013 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, Charles Carter, Kevin Kelly, Walter Barkalow Call to Order at 04:30 PM . The regularly scheduled meeting on Monday, May 20, 2013 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 _________________, 2013, 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 15, 2013 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 15, 2013 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, Charles Carter, Kevin Kelly, Walter Barkalow 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/2013/4-15-13/ItemA.pdf BConsideration and approval of the minutes from the Meeting held Tuesday, March 18, 2013 -- Hugh Brown, Secretary http://georgetown.org/pdfs/gedco/2013/4-15-13/ItemB.pdf C.Consideration of the March 31, 2013 Financial Reports--Micki Rundell, Finance Manager http://georgetown.org/pdfs/gedco/2013/4-15-13/ItemC.pdf D.Presentation, discussion and possible action for the Radiation Detection Company project--Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2013/4-15-13/ItemD.pdf E.Presentation, discussion and possible action on the Summit at the Rivery Hotel and Conference Center project-Mark Thomas, Economic Development Director http://georgetown.org/pdfs/gedco/2013/4-15-13/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. - Rivery Conference Center - Project RDC - Enflite 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 _________________, 2013, 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 15, 2013 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, April 15, 2013. Members Present: Rachael Jonrowe, Tommy Gonzalez, Bill Sattler, Charles Carter, Hugh Brown, Kevin Kelly, Walt Barkalow Members Absent: Staff Present: Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley Rinn, Executive Assistant, Laurie Brewer, Assistant City Manager, Micki Rundell, Finance Manager, Bridget Chapman, Acting City Attorney, Jeff Moore, Corporate Legal Counsel Minutes Regular Meeting Gonzalez opened the meeting at 4:30 p.m. Introduction of Board members 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 indicated that nothing has changed and all companies are working toward their compliance. There will be one company that will be discussed in Executive Session. There was also a brief discussion about grand opening for Grape Creek. BConsideration and approval of the minutes from the Meeting held Monday, March 18, 2013 -- Hugh Brown, Secretary Motion by Jonrowe, Second by Sattler to approve the minutes from the Meeting held Monday, March 18, 2013. (Approved 7-0) C.Consideration of the March 31, 2013 Financial Reports--Micki Rundell, Finance Manager Rundell provided a detailed overview of the report to the Board which included collections of sales tax and expenditures. She told the Board that sales tax collections are 10.37% higher what was budgeted for this fiscal year. There was further discussion regarding the marketing expenditures referenced in the report. She also discussed the sales tax trend from 2008, which was most likely attributed to Citicorp. She also talked to the Board as to why March is historically a good sales tax month. It was also mentioned that large sales tax producers are from building materials, as well as Amazon. D.Presentation, discussion and possible action for the Radiation Detection Company project--Mark Thomas, Economic Development Director Mark provided an overview of the request made by RDC discussed at the last meeting. He introduced the principals of the company to provide an overview of the history of RDC, the type of company they are and the services they provide. They have 57 well paid ($65,000) employees of which about half are moving with the company. Said that their client base is international and they would be representing Georgetown not just nationally, but all over the world . There was discussion about future growth of company. They indicated that there realistically may be 8-10 additional new employees. He also said that RDC believes in giving back to their communities and have annually provided around $300,000 to local non-profits in their current community. He also told the Board that there are 10-12 supervisory/management and the balance are on line. Management trains their employees. This is a very highly regulated industry. They feel that the labor pool in this community is adequate to meet their needs. E.Presentation, discussion and possible action on the Summit at the Rivery Hotel and Conference Center project-Mark Thomas, Economic Development Director Jeff Novak provided a very detailed presentation to the Board regarding the history of the Summit at the Rivery project. He provided an overview as to why they should come to Texas, Central Texas, and especially Georgetown. He provided additional overview as to how the current proposal for the Conference Center came to be and how we working toward the financing of the project. He provided projections for the job creation from this project. He also provided an overview of the economic impact of this project. Andy Heard provided an overview and history of Hines' operations that include domestic and international projects that include residential, hotel, mixed use, office, land, etc. He also told the Board that Hines also does investment management. He then provided an overview about specific plans for the proposed Summit at the Rivery Hotel & Conference Center . Novak again reiterated how special Georgetown is, but a lot of people don't realize it until they come to experience it, which is what happened with Hines. He indicated that there is a need for the regional conference center and for the future retail, all of which will drive economic development in Georgetown because of the number of people who will come to Georgetown and experience what we have to offer. Recessed into Executive Session at 5:45 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: 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. - Rivery Conference Center - Project RDC - Enflite 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 6:45 p.m. I. Action out of Executive Session. Motion by Sattler, Second by Brown to direct staff to let the City Council know that the GEDCO (4A) Board has reviewed numerous opportunities to participate in the Rivery at the Summit Hotel and Conference Center Project and recommends that staff report their agreement with regard to those opportunities to participate back to the City Council at its next meeting for its review and possible action. (Approved 7-0) Motion by Jonrowe, Second by Sattler to direct staff to continue negotiations with Radiation Detection Company as discussed in Executive Session. (Approved 7-0) Adjourned at 6:47 p.m. Attest: __________________________________________________________ Hugh Brown, Corporate SecretaryTommy Gonzalez, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, March 18, 2013 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 18, 2013 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, Charles Carter, Kevin Kelly, Walter Barkalow Call to Order at 04:30 PM A.Consideration and possible action to elect officers to include President, Vice-President and Secretary consistent with Section 3.02 of the GEDCO Bylaws.—Paul E. Brandenburg, General Manager https://georgetown.org/pdfs/ggaf/3.27.13/ItemA.pdf B.Discussion and possible action to establish staggered terms for the two citizen at large positions established in February 2013--Paul E. Brandenburg, General Manager. https://georgetown.org/pdfs/ggaf/3.27.13/ItemB.pdf C.Review and possible action related to the Day and Time of GEDCO Meetings--Paul E. Brandenburg, General Manager https://georgetown.org/pdfs/ggaf/3.27.13/ItemC.pdf D.Confirmation of Third Amended Bylaws for GEDCO approved by the City Council on December 11, 2012 and the Articles of Amendment for GEDCO approved by the City Council on January 8, 2013 related to Board Membership--Bridget Chapman, Acting City Attorney https://georgetown.org/pdfs/ggaf/3.27.13/ItemD.pdf E.Review and discussion of the City Council Attendance Policy for Board Members--Shirley J. Rinn, Staff Liaison https://georgetown.org/pdfs/ggaf/3.27.13/ItemE.pdf F.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 . https://georgetown.org/pdfs/ggaf/3.27.13/ItemF.pdf G.Consideration and approval of the minutes from the Meeting held Tuesday, December 17, 2012 -- Rachael Jonrowe, Secretary https://georgetown.org/pdfs/ggaf/3.27.13/ItemG.pdf H.Consideration and possible action to approve a budget amendment for the 2012/13 GEDCO Budget for projects with remaining funding and approval from 2011/12--Micki Rundell, Finance Manager https://georgetown.org/pdfs/ggaf/3.27.13/ItemH.pdf I.Consideration of the February 28, 2013 Financial Reports--Micki Rundell, Finance Manager https://georgetown.org/pdfs/ggaf/3.27.13/ItemI.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: J.Section 551.072. DELIBERATION REGARDING REAL PROPERTY Discussion and possible action to deliberate the purchase, exchange, lease or value of real property for purposes authorized by the Development Corporation Act which discussion in open session would have a detrimental effect on negotiations with third persons. K.Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. Deliberation regarding commercial or financial information that the corporation has received from a business prospect that the Georgetown Economic Development Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown and with which the Corporation is conducting economic development negotiations; and/or deliberation regarding the offer of a financial or other incentive to a business prospect that the Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown. - STI International - Project RDE - Enflite L. Section 551.071. CONSULTATION WITH ATTORNEY Consultation with attorney regarding legal issues related to agenda items and other matters in which the duty of the attorney to the Georgetown Economic Development Corporation under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas. M. 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 _________________, 2013, 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 18, 2013 The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, March 18, 2013. Members Present: Rachael Jonrowe, Tommy Gonzalez, Bill Sattler, Charles Carter, Hugh Brown, Kevin Kelly Members Absent: Walt Barkalow Staff Present: Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley Rinn, Executive Assistant, Laurie Brewer, Assistant City Manager, Micki Rundell, Finance Manager, Bridget Chapman, Acting City Attorney, Conchita Gusman, Consultant Minutes Regular Meeting Meeting was called to order at 4:30 p.m. Brandenburg opened the Meeting and asked staff to introduce themselves to the new Board Members. A.Consideration and possible action to elect officers to include President, Vice-President and Secretary consistent with Section 3.02 of the GEDCO Bylaws.—Paul E. Brandenburg, General Manager Brandenburg opened the meeting and asked the Board for a motion to nominate and elect a President. Motion by Sattler, second by Jonrowe to nominate Gonzalez as President. (Approved 6-0) Brandenburg then turned the meeting over to the newly elected President, Tommy Gonzalez. Motion by Gonzalez, second by Sattler to elect Jonrowe as Vice-President. (Approved 6-0) Motion by Jonrowe, second by Gonzalez to elect Brown as Secretary. (Approved 6-0) B.Discussion and possible action to establish staggered terms for the two citizen at large positions established in February 2013--Paul E. Brandenburg, General Manager. New Board Members, Turner and Kelly drew lots for staggered positions. Charles Carter - Term Expiration: February 2015 Kevin Kelly - Term Expiration: February 2014 C.Review and possible action related to the Day and Time of GEDCO Meetings--Paul E. Brandenburg, General Manager There was no action to change the date and time of the regularly scheduled GEDCO Meetings. The GEDCO Board Meetings will continue to be held on the third Monday of each month at 4:30 p.m. in the City Council Chambers. D.Confirmation of Third Amended Bylaws for GEDCO approved by the City Council on December 11, 2012 and the Articles of Amendment for GEDCO approved by the City Council on January 8, 2013 related to Board Membership--Bridget Chapman, Acting City Attorney Chapman provided an overview of the changes to the Bylaws and the Articles of Amendment. Motion by Jonrowe, second by Sattler to confirm the approval of the Third Amended Bylaws for GEDCO approved by the City Council on December 11, 2012 and the Articles of Amendment for GEDCO approved by the City Council on January 8, 2013 related to Board Membership. (Approved 6-0) E.Review and discussion of the City Council Attendance Policy for Board Members--Shirley J. Rinn, Staff Liaison Rinn and Brandenburg provided an overview of the current City Council Attendance Policy for Board Members. F.Discussion and possible action regarding the Project Progress Report, including 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 and status of each of the current projects that the GEDCO Board has funded. There was additional discussion regarding the TLCC and needs of the companies that are located within the facility, as well as its expansion and funding options for the future. Thomas told the Board that Georgetown Railroad is planning to build two more buildings to accommodate the growth needs of the TLCC. Further discussion about the types of companies that are located in the TLCC facility and what we can do to be prepared when the companies are grown to the extent they can expand out of the TLCC to their own space, hopefully in Georgetown. Thomas told the Board he planned to bring the new President to update the Board in April or May about TLCC's operations and needs. G.Consideration and approval of the minutes from the Meeting held Tuesday, December 17, 2012 -- Rachael Jonrowe, Secretary Motion by Jonrowe, second by Brown to approve the minutes from the Meeting held Tuesday, December 17, 2012. (Approved 6-0) H.Consideration and possible action to approve a budget amendment for the 2012/13 GEDCO Budget for projects with remaining funding and approval from 2011/12--Micki Rundell, Finance Manager Rundell provided an overview of the Budget Amendment request. She told the Board that this request is related to Grape Creek to roll forward the funding approved from the previous fiscal year. Motion by Brown, second by Carter to approve a budget amendment for the 2012/13 GEDCO Budget for projects with remaining funding and approval from 2011/12. Approved 6-0 I.Consideration of the February 28, 2013 Financial Reports--Micki Rundell, Finance Manager Rundell provided an overview of the Financial Reports. She explained the variance related to Grape Creek Budget Amendment. She also provided an overview of the sales tax revenues. She told the Board that we are well ahead of projections. She also told the Board that general retail, including Wolf Ranch and Amazon, are contributing to the increases. She also indicated to the Board that Chris Foster, the City's Utility Financial Analyst, will provide a more a more detailed sales tax report in May. Additionally, the Board was told that if things keep progressing at this pace there may be approximately $50,000 in additional revenue for the year. There was discussion about retail growth in Georgetown and what we can do to keep attracting quality retail to Georgetown . Rundell also explained to the new members that 1/8 of 1% sales tax collections goes to the 4A Board. She and Brandenburg provided an overview of the Financial Report related to cash on hand available for projects and what is allocated for current projects. She also went over the funds that have been actually paid out on projects and provided an overview of the debt service to the wastewater fund for the Citicorp project. Recessed into Executive Session at 5:05 p.m. EXECUTIVE SESSION The Georgetown Economic Development Corporation will meet in closed executive session as allowed by Texas Open Meetings Act (Texas Government Code Chapter 551), as follows: J.Section 551.072. DELIBERATION REGARDING REAL PROPERTY Discussion and possible action to deliberate the purchase, exchange, lease or value of real property for purposes authorized by the Development Corporation Act which discussion in open session would have a detrimental effect on negotiations with third persons. K.Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. Deliberation regarding commercial or financial information that the corporation has received from a business prospect that the Georgetown Economic Development Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown and with which the Corporation is conducting economic development negotiations; and/or deliberation regarding the offer of a financial or other incentive to a business prospect that the Corporation seeks to have locate, stay, or expand in or near the territory of the City of Georgetown. - STI International - Project RDE - Enflite L. Section 551.071. CONSULTATION WITH ATTORNEY Consultation with attorney regarding legal issues related to agenda items and other matters in which the duty of the attorney to the Georgetown Economic Development Corporation under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas. Reconvened into Regular Session at 5:46 p.m. M. Action out of Executive Session. No Action out of Executive Session Adjourned at 5:46 p.m. Attest: __________________________________________________________ Hugh Brown, Corporate SecretaryTommy Gonzalez, President Notice of Meeting of the Georgetown Economic Development Corporation and the Governing Body of the City of Georgetown, Texas Monday, February 18, 2013 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 18, 2013 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 The regularly scheduled meeting on Monday, February 18, 2013 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 _________________, 2013, 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 21, 2013 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 21, 2013 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, January 21, 2013 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 _________________, 2013, at __________, and remained so posted for at least 72 continuous hours preceding the scheduled time of said meeting. __________________________________ Jessica Brettle, City Secretary