HomeMy WebLinkAboutMinutes_GEDCO_10.18.2021Minutes of the Meeting of the
Georgetown Economic Development Corporation
City of Georgetown, Texas
October 18, 2021
The Georgetown Economic Development Corporation of the City of Georgetown, TX, met on Monday, October 18, 2021
at 4:00 PM at City Hall, 808 Martin Luther King Jr Street, Georgetown, Texas
Members Hugh Brown, Robert Hilton, Ron Garland, Steve Fought, Kevin Cummins, and Shawn Hood.
Present:
Members
Absent: Barrie Laing,
Staff David Morgan, City Manager; Michaela Dollar, Director of Economic Development; Nathan Parras,
Present: Assistant Finance Director; Conchita Gusman, Business Retention Manager, Kathryn Clayton, Budget
Analyst, Sharon Parker, Board Liaison.
Guest
Present:
MINUTES
Meeting called to Order at 4:01 pm
A. Consideration and approval of the August 16, 2021 GEDCO Minutes— Sharon Parker, Board Liaison
Motion to approve by_ Hugh Brown , 2"d by_Robert Hilton Approved 5-0.
B rrie Lang was absent and K in Cummins h d not arriv
Kevin Cummins arrived at 4:06pm
B. Consideration of the preliminary financial report for period ending September 30, 2021 -Nathan
Parras, Assistant Finance Director.
Nathan presented the financial reports for period ending September 30, 2021.
No Action needed.
Board moved to Item D and E due to speaker for Item C running late.
C. Discussion and possible action to approve a Georgetown Small business Loan Program -Michaela
Dollar, Economic Development Director.
Michaela presented to the board a proposed partnership with BCL and how the program would work
between GEDCO and BCL. Guest speaker Rosa Valdez presented the background and experience
administration these types of programs. There was discussion on the types of business and potential
eligibility criteria. Staff will compile a more detailed scope based on feedback received and bring back to
GEDCO for action at the next meeting.
No Action taken.
D. Consideration and possible action to amend a performance agreement between the City of
Georgetown and WBW Single Development LLC - Series 201-Michaela Dollar, Economic Development
Director.
Michaela presented to the board a recommendation to amend a performance agreement with WBW Single
Development. The engineer has stated numerous factors have contributed to not meeting the Certificate of
Occupancy issued on or before December 31,2020. These factors included the upheaval in the marketplace
GEDCO Minutes
October 18, 2021
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due to COVID-19, as well as the supply constraints that manifested in the construction industry. There was
also a negotiated purchase from the City in order to achieve approvals to the design that HARC mandated for
window openings. Additionally, they were required to design a substantial stormwater conveyance system.
The unforeseen challenges resulted in construction completion and CO issuance on September 3, 2021.
Motion to approve by Hugh Brown. 2"d i)y Steve Fought. Approved 6-0 Barrie Lang absent
E. Discussion regarding the Staff Report -David Morgan, City Manager
• Performance Agreement Report
• Activity Report
• Other Staff Items
Michaela presented the staff report. No action needed.
Board moved back to Item C.
----GEDCO entered into Executive Session at 5:07 pm and returned to Regular Session at 5:23 pm-----
F. Action out of Executive Session.
Motion to approve Project Flex Power as discussed in executive session by Hugh Brown,
2nd by Robert Hilton Approved 6-0 Barrie Lang absent
Meeting adjourned at 5:24 pm
- 1� -,a � -t3 an-n2� -
Hugh Brow , Secretary
GEDCO Minutes
October 18, 2021
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