HomeMy WebLinkAboutMinutes_GEDCO_04.21.2014Minutes of the Meeting of the
Georgetown Economic Development Corporation
And the Governing Body of the
City of Georgetown, Texas
April 21, 2014
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, April 21, 2014.
Members Present:
Steve Fought, Kevin Kelly, Hugh Brown, Patty Eason, Charles Carter, Walt Barkalow, Jerry
Hammerlun
Members Absent:
Staff Present: Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development
Director, Shirley Rinn, Executive Assistant, Micki Rundell, Finance Manager, Laurie Brewer,
Assistant City Manager, Jodi Levi, Senior Accountant, Bridget Chapman, City Attorney,
Conchita Gusman, Economic Development Program Manager
MINUTES
Call to Order at 03:30 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
Motion by Fought, second by Barkalow to keep the same officers as the past year:
President: Patty Eason
Vice President: Jerry Hammerlun
Secretary: Hugh Brown
There was additional discussion regarding whether or not the Bylaws needed to be changed to have
Officer Elections in June after any new Council members are appointed to the Board. Staff is asked
to consult with Legal Department about this proposed change to the Bylaws.
(Approved 7-0)
B. Review and possible action related to the Day and Time of GEDCO Meetings --Paul E. Brandenburg,
General Manager
Motion by Hammerlun, second by Brown to keep meeting dates and times the same. (Approved 7-0)
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April 21, 2014
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C. Discussion and possible action regarding the Project Progress Report, including Citicorp,
Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery,
Georgetown Winery, Difusion Technologies, Inc., Georgetown Independent School District
(GISD), Texas Life Sciences Collaboration Center (TLCC), Radiation Detection Company,
Summit at the Rivery Conference Center, Molecular Templates, Inc., and TASUS Texas
Corporation—Paul E. Brandenburg, General Manager and Mark Thomas, Economic
Development Director
Thomas provided an overview to the Board.
He told the Board that the Economic Development Project Manager Conchita Gusman is
taking on the Compliance of the Performance Agreements.
He also provided an update with regard to Enflite and that it has been determined that
Enlfite will need to payback funds GEDCO due to a shortfall on jobs.
He also let them know that Radix is also another company that has paid GEDCO back for
front ended performance agreements due to a shortfall in jobs.
D. Consideration and approval of the minutes from the Meeting held Tuesday, February 17, 2014,
Hugh Brown, Secretary
Motion by Brown, second by Barkalow to approve the minutes from the Meeting held Tuesday,
February 17, 2014. (Approved 7-0)
E. Consideration of the February 28, 2014 and March 31, 2014 Financial Reports--Micki Rundell,
Finance Manager
Rundell told the Board that GEDCO received $36,000 from Radix.
She also provided a more detailed sales tax report and also provided a brief overview of the current
sales tax trends. She reiterated that the sales tax collections are two months in arrears.
There was also a question and discussion about issuance of bonds.
Recessed into Executive Session at 3:44 p.m.
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April 21, 2014
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EXECUTIVE SESSION
The Georgetown Economic Development Corporation will meet in closed executive session as allowed by Texas
Open Meetings Act (Texas Government Code)
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.
-Dispersol
-Plymouth Canton
Section 551.071. CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related to agenda items and other matters in which the duty
of the attorney to the Georgetown Economic Development Corporation under the Texas Disciplinary Rules of
Professional Conduct of the State Bar of Texas.
Reconvened to Regular Session at 4:12 p.m.
I Action out of Executive Session.
Motion by Fought second by Brown to direct staff to negotiate a Performance Agreement
with Dispersol per the terms discussed in Executive Session. (Approved 7-0)
There were no items discussed in Executive Session.
ADJOURNMENT
The Meeting was adjourned at 4:13 p.m.
Attest:
Hugh Brown, Corporate Secretary
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April 21, 2014
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Patty Eason, P sident