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GEDCO Minutes
November 16, 2015
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Minutes of the Meeting of the
Georgetown Economic Development Corporation
And the Governing Body of the
City of Georgetown, Texas
November 16, 2015
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, November 16, 2015.
Members Present: Steve Fought, Kevin Kelly, Rachel Jonrowe, Bill Mateja, Jeff Parker,
Members Absent: Ty Gipson, Hugh Brown
Staff Present: David Morgan, City Manager, Mark Thomas, Economic Development
Director; Bridget Chapman, City Attorney; Tina Dunbar, Administrative
Assistant; Conchita Gusman, Program Manager; Laurie Brewer,
Assistant City Manager; Lisa Haynes
MINUTES
Call to Order at 1:01
Legislative Regular Session
A Consideration and approval of the minutes for Georgetown Economic Development
Corporation for the Regular Meeting held Monday, October 26, 2015 --Kevin Kelly,
Secretary
Motion by Parker, second by Mateja to approve the Georgetown Economic
Development Corporation minutes for the Regular Meeting held Monday, October 26,
2015. (Approved 6-0)
B Consideration of the October 31, 2015, Financial Reports -- Laurie Brewer
Brewer presented the budget and sales tax report and answered question from the
Board.
C Discussion and possible action regarding the Project Progress Report—Mark Thomas,
Economic Development Director
Thomas presented an update of economic development projects and answered
questions from the Board.
GEDCO Minutes
November 16, 2015
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D Discussion and possible action regarding the approval to hire a consultant to conduct a
Retail Market Analysis - Mark Thomas, Economic Development Director and David
Morgan, General Manager
Motion by Parker, second by Mateja to approve the hiring of a consultant to conduct a
retail market analysis and implementation plan.
E Presentation, discussion and possible action regarding the Texas Life -Sciences
Collaboration Center – Michael Douglas, TLCC Executive Director
Dr. Douglas presented information on TLCC activities and plans for expansion.
Discussion was held on the City’s financial contribution to the TLCC in the past and going
forward.
F Presentation, discussion and possible action regarding Difusion Technologies -- Mark
Thomas
Derrick Johns presented a history of Difusion and detailed explanation of the company
products and activities.
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 su bject to
action in the regular session.
G 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.
H 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.
I Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS.
Deliberation regarding commercial or financial information that the corporation has
GEDCO Minutes
November 16, 2015
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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.
- Difusion
- TLCC
J Action out of executive session
Motion by Mateja, second by Kelly to move forward to City Council for approval support
TLCC for 100,000 for and to continue the discussion of future support at the next GEDCO
meeting.
Motion by Mateja, second by Parker to renegotiate the Performance Agreement
between GEDCO and Disfusion Technologies based on the items discussed in Executive
Session.
The meeting adjourned at 2:45 PM