HomeMy WebLinkAboutMinutes_GEDCO_10.21.2013Minutes of the Meeting of the
Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
October 21, 2013
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday,
October 21, 2013.
Members Present:
Steve Fought, Patty Eason, Kevin Kelly, Charles Carter, Jerry Hammerlun, Walt Barkalow
Members Absent: Hugh Brown
Staff Present: Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director,
Shirley Rinn, Executive Assistant, Micki Rundell, Finance Manager, Bridget Chapman, City Attorney, Chris
Foster, Utility Financial Analyst, Susan Morgan, Finance Director, Laurie Brewer, Assistant City Manager
MINUTES
Regular Meeting
Meeting was called to order at 3:32 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., Texas Life Sciences Collaboration Center (TLCC), and Radiation Detection Company -- Mark
Thomas, Economic Development Director and Paul E. Brandenburg, General Manager.
Thomas provided an overview of the status of current projects. He told the Board that the ground has
been broken for the RDC facility. He also mentioned the bus tour that is taking place on Thursday,
October 24, 2013.
He also provided them an update on Enflite and told the board that the company would be reimbursing
GEDCO for their failure to meet the terms of the Performance Agreement.
Consideration and approval of the minutes from the Meeting held Monday, September 16, 2013 --
Hugh Brown, Secretary
Hearing no objections, the Minutes were approved as presented.
C. Consideration of the September 30, 2013 Financial Reports--Micki Rundell, Finance Manager
Rundell provided an overview of the Financial Report. She also told the Board that August Sales tax
figures came in at a little over 8% a lot of it attributable to building sector, but retail continues to grow.
She also told them that the January Financial Report will provide a reconciliation of the amounts
committed. She also brought to their attention the uncommitted funds that are available for projects.
GEDCO Minutes
October 21, 2013
Page 1 of 2
D. Discussion and possible action regarding a review of Promotional Funds employed in the first part of
2013 and the Marketing/Promotion Plan for the 2013/2014 budget year.
Thomas provided an overview of the prior year use of promotional funds, and also went over the
request for promotional funding for the FY 2013-14 Budget Year.
There was also a brief discussion regarding the impact of Data Centers on sales tax revenue, as well as
discussion regarding the need to attend some of the conferences in order to have a presence at those
events.
Motion by Fought second by Hammerlun to approve up to $81,000 for use toward the 2013/14
Marketing/Promotion Plan for Economic Development. (Approved 6-0) (Brown Absent)
Recessed into Executive Session 3:55p.m.
EXECUTIVE SESSION
In compliance with the Open Meetings Act, Chapter 551, Government Code, Vernon's Texas Codes, Annotated, the items listed
below will be discussed in closed session and are subject to action in regular session.
E. Section 551.072. DELIBERATION REGARDING REAL PROPERTY
Discussion and possible action to deliberate the purchase, exchange, lease or value of real property for purposes authorized by
the Development Corporation Act which discussion in open session would have a detrimental effect on negotiations with third
p0r-OnS.
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.
--Consideration and possible action concerning contribution to a financial incentive package for the Summit at the Rivery
Proiect—Paul E. Brandenburg, General Manager, Micki Rundell, Financial Manager, Bridget Chapman, City Attorney
G. Section 551.071. CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related to agenda items and other matters in which the duty of the attorney
to the Georgetown Economic Development Corporation under the Texas Disciplinary Rules of Professional Conduct of the
State Bar of Texas.
Reconvened back into Regular Session at 4:35 p.m.
Motion by Fought, Second by Hammerlun to authorize staff to prepare a Performance
Agreement per the deal points outlined in Executive Session to bring back for consideration at the
Novernber GEDCO Meeting. (Approved 6-0) (Brown Absent)
H. Action out of Executive Session.
The Meeting was adjourned at 4:38 p.m.
Attests
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Hugh Brown, Corporate Secretary
GEDCO Minutes
October 21, 2013
Page 2 of 2
ADJOURNMENT
Patty Eason, PrP_ t