HomeMy WebLinkAboutMinutes_GEDCO_07.10.2019Minutes of the Meeting of the
Georgetown Economic Development Corporation
City of Georgetown, Texas
July 10, 2019
of the City of Georgetown, Texas, met on Wednesday July 10, 2019.
Members Steve Bohnenkamp, Steve Fought, Kevin Cummins, Hugh Brown, Valerie Nicholson, Ron Garland
Present:
Members Tom Menke
Absent:
David Morgan, City Manager; Laurie Brewer, Assistant City Manager; Michaela Dollar, Director of Economic
Staff Development; Conchita Gusman, Business Retention and Expansion Program Manager; Leigh Wallace,
Present: Finance Director; Debbie Mitchell, Sr Accountant; Jennifer Schoenradt, Special Events & Marketing
Coordinator; Amy Janecka, Finance Admin; Nathan Parras, Budget Analyst
Guest Justin Drummons, GISD Extern
Present:
MINUTES
Call to Order at 4:31 pm
A. Consideration and approval of the minutes for the Georgetown Economic Development Corporation
Meeting held on Monday March 18, 2019--Hugh Brown, Secretary
Motion to approve the minutes by Ron Garland, 2"d by Steve Fought. Approved 5-0 (Valerie Nicholson absent for the
vote).
B. Presentation of the Georgetown Economic Development Corporation March, April, May and June 2019
financial reports and discussion regarding the Fiscal Year 2018 external audit and Comprehensive Annual
Financial Report for the City and GEDCO-- Leigh Wallace, Finance Manager, GEDCO, Finance Director,
COG.
Leigh Wallace presented the financial reports. She also showed and reviewed the audit report from Weaver and
explained that Weaver gave a clean report. No voting needed.
C. Sales Tax Presentation --Paul Diaz, Budget Manager
Nathan Parras presented on the sales tax methodology and sales tax projections. He showed the data that is collected,
tools used to forecast, and the multilevel analysis that is done on the data. No voting needed.
D. Discussion and possible action to recommend the FY2020 proposed GEDCO budget --Paul Diaz, Budget
Manager
Nathan Parras reviewed the GEDCO budget process and showed the detail on the revenues and expenses for the
FY2020 proposed budget. Motion to recommend by Ron Garland, 2"d by Kevin Cummins, approved 6-0.
E. Discussion and possible action regarding the Staff Report — David Morgan, City Manager
• Performance Agreement Report
. Activity Report
• Other Staff Items
David Morgan reviewed the performance agreement report. Michaela Dollar reviewed the activity report. No voting
needed.
GEDCO Minutes
July 10, 2019
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-----GEDCO entered into Executive Session at 6:05 pm and returned to Regular Session at 6:17 pm-----
F. Action out of Executive Session.
Motion to approve incentives for Project Big C as discussed in executive session by Hugh Brown, 2"d by Ron Garland,
approved 6-0.
Meeting adjourned at 6:18
Attest:
Hugh Brown, Skretary
GEDCO Minutes
July 10, 2019
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Steve Bohnenkamp, President