HomeMy WebLinkAboutMinutes_GEDCO_12.21.2015Minutes of the Meeting of the
Georgetown Economic Development Corporation
And the Governing Body of the
City of Georgetown, Texas
December 21, 2015
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, December 21, 2015.
Members Present: Steve Fought, Kevin Kelly, Rachel Jonrowe, Bill Mateja, Hugh Brown
Members Absent: Jeff Parker, Ty Gipson
Staff Present: David Morgan, City Manager, Debbie Mitchell, Senior Accountant; Lisa
Haines, Controller; Skye Masson, Interim City Attorney; Tina Dunbar,
Administrative Assistant;
MINUTES
Call to Order at 3:30
Legislative Regular Session
A Consideration and approval of the minutes for Georgetown Economic Development
Corporation for the Regular Meeting held Monday, November 16, 2015 --Kevin Kelly,
Secretary
Motion by Jonrowe, second by Kelly to approve the Georgetown Economic Development
Corporation minutes for the Regular Meeting held Monday, November 16, 2015.
(Approved 4-0)
B Consideration of the November 30, 2015, Financial Reports -- Laurie Brewer
Lisa Haynes presented the budget and sales tax report and answered question from the
Board.
C Discussion and possible action regarding the Project Progress Report—David Morgan,
City Manager
No updates to project list
GEDCO Minutes
December 21, 2015
Page 1 of 2
D Consider and possible action regarding GEDCO support of the Texas Life -Sciences
Collaboration Center and a 2015/2016 performance agreement between GEDCO and
TLCC — David Morgan, City Manager
Motion by Brown, second by Jonrowe to approve taking performance agreement to
Council for approval.
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.
F 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.
G Section 551.072. DELI BERATIONREGARDING 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.
- DiFUSION
- TLCC
E Action out of executive session
Motion by Jonrowe, second by Brown to approve the DiFUSION Performance Agreement
and forward it to City Council for final approval.
The meeting adjourned at 4:45 PM
Attest:
1 r
K in Kelly, Corporate S Petr tart'
GEDCO Minutes
December 21, 2015
Page 2 of 2
Steve Fought, President