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GEDCO Minutes
October 20, 2014
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Minutes of the Meeting of the
Georgetown Economic Development Corporation
And the Governing Body of the
City of Georgetown, Texas
October 20, 2014
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, October 20, 2014.
Members Present:
Steve Fought, Kevin Kelly, Patty Eason, Charles Carter, John Hesser, Walt Barkalow, Hugh
Brown
Staff Present:
Mark Thomas, Economic Development Director; Micki Rundell, Finance Manager; Laurie
Brewer, Assistant City Manager; Jodi Levi, Senior Accountant; Bridget Chapman, City
Attorney; Tina Dunbar, Administrative Assistant; Conchita Gusman, Program Manager
MINUTES
Call to Order at 03:30 PM
Legislative Regular Agenda
A Consideration and approval of the minutes of the Georgetown Economic Development
Corporation for the Regular Meeting held Monday, September 22, 2014‐‐Hugh Brown,
Secretary
Motion by Fought, second by Barkalow to approve the Georgetown Economic Development
Corporation minutes as amended for the Regular Meeting held Monday, September 22,
2014. Approved 7‐0
B Consideration of the September 30, 2014 Financial Reports‐Micki Rundell, Finance Manager
Rundell explained the financial report for October and answered questions.
Motion by Barkalow, second by Carter to accept the financial report as presented.
Approved 7‐0
C Discussion and possible action regarding the Project Progress Report, including Airborn,
Radix BioSolutions, Lone Star Circle of Care, Georgetown Winery, Grape Creek Winery,
Difusion Technologies, Inc., Texas Life Sciences Collaboration Center (TLCC), Radix, Radiation
GEDCO Minutes
October 20, 2014
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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 the progress report and answered questions.
D Discussion and possible action regarding the Texas Life‐Sciences Collaboration Center (TLCC)
– Mark Thomas
Thomas introduced the TLCC item explaining that the annual agreement is up for
reconsideration. Dr. Douglas, TLCC Director, provided details on TLCC activities for the past
year. Dr. Douglas answered questions and asked GEDCO to consider extending the
agreement for another year.
Motion by Fought, second by Brown to renew the agreement between GEDCO and TLCC for
one year. Approved 7‐0
GEDCO recessed to Executive Session at 3:56 pm
and then back into Regular Session at 4:12 pm
E Action out of Executive Session.
Motion by Hesser, second by Carter to direct staff to create a performance agreement
between GEDCO and Pecan Branch based on the items discussed in Executive Session.
Approved 7‐0
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 the regular session.
H Sec. 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 Section 551.072. DELIBERATIONREGARDING 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
GEDCO Minutes
October 20, 2014
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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.
‐ Pecan Branch
‐ TLCC
ADJOURNMENT
The Meeting was adjourned at 4:16 p.m.
Attest:
______________________________ ___________________________________
Hugh Brown, Corporate Secretary Patty Eason, President