HomeMy WebLinkAboutMinutes_GEDCO_06.16.2014Minutes of the Meeting of the
Georgetown Economic Development Corporation
And the Governing Body of the
City of Georgetown, Texas
June 16, 2014
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, June 16, 2014.
Members Present:
Steve Fought, Kevin Kelly, Hugh Brown, Patty Eason, Charles Carter, Walt Barkalow, John
Hesser
Members Absent:
Staff Present: Mark Thomas, Economic Development Director, Shirley Rinn, Executive
Assistant, Tina Dunbar, Administrative Assistant, Micki Rundell, Finance Manager, Paul Diaz,
Utilities Financial Analyst, 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 a Vice -President consistent with Section 3.02 of
the GEDCO Bylaws.
Laurie Brewer introduced the item in Mr. Brandenburg's absence. Council Member Fought
offered to serve as VP if no non -council GEDCO member wished to do so.
Motion by Fought, second by Carter to elect Fought as Vice President
(Approved 6 -0)
B. Discussion and possible action regarding the Project Progress Report, including Airborn,
Radix BioSolutions, Lone Star Circle of Care, 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, and
Molecular Templates, Inc.—Paul E. Brandenburg, General Manager and Mark Thomas,
Economic Development Director
GEDCO Minutes
June 16, 2014
Page 1 of 3
Thomas provided an overview to the Board.
C. Consideration and approval of the minutes from the Meeting held Tuesday, April 21, 2014,
Motion by Fought, second by Barkalow to approve the minutes from the Meeting held
Tuesday, April 21, 2014. (Approved 6-0)
D. Consideration of the April 30, 2014 and May 31, 2014 Financial Reports--Micki Rundell,
Finance Manager
Rundell presented the financial reports and introduced item E.
Discussion and presentation on Sales Tax Analysis. — Paul Diaz, Utilities Financial Analyst,
Chris Foster, Manager of Resource Planning & Integration, and Micki Rundell, Chief Financial
Officer (Brown arrived)
Paul Diaz provided a detailed analysis on Georgetown sales tax.
Board members discussed the presentation and asked questions regarding developments
that were not included in the projections and the City's Hotel Occupancy Tax.
Presentation, discussion, and possible action regarding the Performance Agreement
between GEDCO and the Georgetown Independent School District—Mark Thomas,
Economic Development Director
As part of the annual report required in the GEDCO Performance Agreement, Thomas
provided information on the recent tour of the East View High School Engineering
Laboratory and the current status of the Engineering Program. GISD representative Kay
Wang also provided information on the Program and its OSHA certification. She also
discussed the possible creation of a Certificate that would detail individual student training.
There were questions and discussion about involvement by colleges/universities and
Georgetown employers.
Recessed into Executive Session at 4:27 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)
G. Section 551.071. CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related to agenda items and other matters in which the duty
of the attorney to the Georgetown Economic Development Corporation under the Texas Disciplinary Rules of
Professional Conduct of the State Bar of Texas.
H. 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
GEDCO Minutes
June 16, 2014
Page 2 of 3
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.
-Citicorp
-Dispersol
-Enflite
-Grape Creek
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.
Reconvened to Regular Session at 5:07 p.m.
G. Action out of Executive Session
Motion by Fought, second by Carter to prepare an agreement with Dispersol on the
terms discussed in Executive Session. (Approved 7-0)
Motion by Fought, second by Brown to direct the General Manager to send letter to
Grape Creek Winery per the items discussed in Executive Session. (Approved 7-0)
The Meeting was adjourned at 5:20 p.m.
Attest:
Hugh Brown, Corporate Secretary
GEDCO Minutes
June 16, 2014
Page 3 of 3
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Patty Eason, President