HomeMy WebLinkAboutAgenda_GEDCO_01.28.2019Notice of Meeting for the
Georgetown E conomic Dev elopment Corporation
of the City of Georgetown
January 28, 2019 at 4:00 P M
at Historic L ight and Water Works Building at 406 W 8th St, Georgetown, T X 78626
T he C ity of G eorgetown is committed to compliance with the Americans with Disabilities Act (ADA). If you
require as s is tance in partic ipating at a public meeting due to a disability, as defined under the ADA, reas onable
as s is tance, adaptations , or ac commodations will be provided upon request. P leas e c ontact the C ity S ec retary's
O ffic e, at leas t three (3) days prior to the sc heduled meeting date, at (512) 930-3652 or C ity Hall at 113 Eas t
8th S treet for additional information; T T Y users route through R elay Texas at 711.
Regular Session
(T his R egular S es s ion may, at any time, be rec es s ed to c onvene an Exec utive S es s ion for any purpose
authorized by the O pen Meetings Act, Texas G overnment C ode 551.)
A C ons ideration and approval of the minutes for the G eorgetown Ec onomic Development C orporation
Meeting held Monday, November 19, 2018--S teve Bohnenkamp, S ecretary
B C ons ideration of the preliminary S eptember 30, 2018, O c tober 31, 2018, November 30, 2018, and
Dec ember 31, 2018 financial reports. Leigh Wallac e, F inance Manager, G EDC O , F inance Director, C O G
C Disc ussion and possible action regarding the S taff R eport —David Morgan, C ity Manager
-P erformance Agreement R eport
-Activity R eport
-O ther S taff Items
D Ac tion out of Executive S ession.
E xecutiv e Session
In c omplianc e with the O pen Meetings Ac t, C hapter 551, G overnment C ode, Vernon's Texas C odes,
Annotated, the items listed below will be dis cus s ed in c los ed session and are s ubjec t to action in the regular
s es s ion.
E Sec. 551.071: C ON S ULTAT ION WIT H AT TOR N E Y
C ons ultation with attorney regarding legal is s ues related to agenda items and other matters in whic h (1)
when the governmental body s eeks the advice of its attorney about: (A) pending or c ontemplated litigation;
or (B) a settlement offer; or (2) on a matter in whic h the duty of the attorney to the governmental body
under the Texas Dis ciplinary R ules of P rofessional C onduc t of the S tate Bar of Texas c learly conflicts
with this chapter - C harlie Mc Nabb, C ity Attorney
F Section 551.072. D E LIB E R AT ION R E GAR D IN G R E AL P R OP E RT Y
Disc ussion and possible action to deliberate the purchas e,exchange, leas e or value of real property for
purpos es authorized by the Development C orporation Act whic h dis cus s ion in open s es s ion would have a
detrimental effec t on negotiations with third persons .
- P roperty near the I H35 and Inner Loop intersec tion
G Section 551.087. D E LIB E R AT ION R E G AR D IN G E C ON O MIC D E VE LOP ME N T
N E G O T IAT IO N S.
Page 1 of 43
Deliberation regarding commerc ial or financial information that the c orporation has rec eived from a
bus iness pros pect that the G eorgetown Economic Development C orporation seeks to have locate, s tay,
or expand in or near the territory of the C ity of G eorgetown and with whic h the C orporation is c onducting
ec onomic development negotiations ; and/or deliberation regarding the offer of a financial or other inc entive
to a busines s prospec t that the C orporation s eeks to have loc ate, stay, or expand in or near the territory of
the C ity of G eorgetown.
- P roject G ear
- P roject Deliver
C E RT IF IC AT E O F P O S T IN G
I, R obyn Densmore, C ity S ecretary for the C ity of G eorgetown, Texas, do hereby c ertify that this Notic e of
Meeting was pos ted at C ity Hall, 113 E. 8th S treet, a plac e readily ac cessible to the general public at all times,
on the ______ day of __________________, 2019, at __________, and remained s o posted for at leas t 72
c ontinuous hours prec eding the s cheduled time of said meeting.
____________________________________
R obyn Densmore, C ity S ecretary
Page 2 of 43
City of Georgetown, Texas
Georgetown Economic Development Corporation
January 28, 2019
S UB J E C T:
C onsideration and approval of the minutes for the G eorgetown Economic Development C orporation
Meeting held Monday, November 19, 2018--S teve Bohnenkamp, S ec retary
IT E M S UMMARY:
AT TAC HME N T S :
Draft Minutes
F IN AN C IAL IMPAC T:
None
S UB MIT T E D B Y:
S teve Bohnenkamp, C orporate S ecretary
AT TAC H ME N T S:
Description Type
minutes Cover Memo
Page 3 of 43
GEDCO Minutes
August 20, 2018
Page 1 of 1
Minutes of the Meeting of the
Georgetown Economic Development Corporation
City of Georgetown, Texas
November 19, 2018
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday, November 19,
2018.
Members
Present:
Members
Absent:
Tom Menke, Jeff Parker, Steve Bohnenkamp, Steve Fought, Valerie Nicholson
Kevin Kelly, Bill Mateja
Staff
Present:
David Morgan, City Manager; Michaela Dollar, Director of Economic Development; Wayne Reed, Assistant
City Manager; Laurie Brewer, Assistant City Manager; Conchita Gusman, Business Retention and Expansion
Program Manager; Paul Diaz, Budget Manager; Tina Dunbar, Marketing Coordinator; Kim McAuliffe,
Downtown Development Meeting
MINUTES
Call to Order at 4:00 pm
A Consideration and approval of the minutes for Georgetown Economic Development Corporation for the Regular
Meeting held Monday, September 17, 2018—Steve Bohnenkamp, Secretary
Motion by Fought, second by Menke to approve the August 20, 2018 minutes. (Approved 5-0)
B. Consideration of the September and October 2018 financial reports. Leigh Wallace, Finance Manager, GEDCO, Finance
Director, COG
Diaz presented the financial reports and answered questions from the Board.
C. Discussion and possible action regarding the Staff Report —David Morgan, City Manager
- Performance Agreement Report
- Activity Report
- Other Staff Items
Dollar presented the Activity Report and answered questions from the Board. Morgan went over the Performance
Agreement Rerport.
GEDCO entered into Executive Session at 4:30 p.m.
D Action out of Executive Session.
Motion by Menke, second by Parker to approve staff recommendation regarding Project Office Space as discussed in
Executive Session. (Approved 5-0)
Motion by Parker, second by Menke to approve staff recommendation regarding downtown infrastructure
improvements as discussed in Executive Session. (Approved 5-0)
GEDCO returned to Regular Session at 4:45 p.m. and adjorned.
Attest:
Steve Bohnenkamp, Corporate Secretary Kevin Kelly, President
Page 4 of 43
City of Georgetown, Texas
Georgetown Economic Development Corporation
January 28, 2019
S UB J E C T:
C onsideration of the preliminary S eptember 30, 2018, O ctober 31, 2018, November 30, 2018, and
December 31, 2018 financ ial reports . Leigh Wallace, F inanc e Manager, G EDC O , F inanc e Direc tor, C O G
IT E M S UMMARY:
S ee Attachments
F IN AN C IAL IMPAC T:
None
S UB MIT T E D B Y:
Leigh Wallace, F inanc e Manager, G EDC O F inance Director, C O G
AT TAC H ME N T S:
Description Type
report Cover Memo
Page 5 of 43
GEDCO Board Meeting Date: January 28, 2019 Item No. __________
GEORGETOWN ECONOMIC DEVELOPMENT CORPORATION
AGENDA ITEM COVER SHEET
_________________________________________________________________
SUBJECT:
Consideration of the preliminary September 30, 2018, October 31, 2018, November 30,
2018, and December 31, 2018 financial reports. Leigh Wallace, Finance Manager,
GEDCO, Finance Director, COG.
_________________________________________________________________
ITEM SUMMARY:
The corporate bylaws require the Finance Manager to present the monthly financial
reports to the Board. Included in these reports will be:
• Financial reports
• Sales Tax revenues
• Monthly expenditures
• Any other relevant financial information
Sales tax revenue is two months in arrears; therefore the revenues reflect only the amount
received, not actually earned, as of the report date. A report on payments made to
vendors in the months of September, October and December is also included. There
were no payments made to vendors in the month of November.
ATTACHMENTS:
Monthly Financial Reports
Sales Tax History
SUBMITTED BY:
Leigh Wallace
Finance Manager, GEDCO
Finance Director, COG
Page 6 of 43
APPROVED BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 6,853,073 6,853,073 6,853,073
OPERATING REVENUES
Interest 40,300 14,264 40,525 40,300
Sales Tax 1,768,275 152,548 163,865 1,768,275
OPERATING REVENUES Total 1,808,575 166,812 204,390 1,808,575
OPERATING EXPENDITURES
Joint Services Allocation 238,622 19,885 59,656 238,622
Miscellaneous Expense 50 - - 50
Promotional & Marketing Program 100,000 23,500 36,855 100,000
Special Services 30,000 - - 30,000
Travel & Training 500 - - 500
OPERATING EXPENDITURES Total 369,172 43,385 96,511 369,172
TOTAL NET OPERATIONS 1,439,403 123,427 107,879 1,439,403
NON-OPERATING EXPENDITURES
Principal Reduction 80,568 - - 80,568
Debt Service 205,069 - - 205,069
Interest Expense 23,157 - - 23,157
DisperSol 50,000 - - 50,000
Economic Development Projects -Undetermined 7,146,613 - - 7,146,613
Holt Cat 185,000 - - 185,000
Radiation Detection Company 150,000 - - 150,000
NON-OPERATING EXPENDITURES Total 7,840,407 - - 7,840,407
TOTAL NET NON-OPERATIONS (7,840,407) - - (7,840,407)
EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL
REQUIREMENTS (6,401,004) 123,427 107,879 (6,401,004)
ENDING FUND BALANCE 452,069 6,960,952 452,069
RESERVES
Contingency 442,069 442,069 442,069
RESERVES Total 442,069 - 442,069 442,069
AVAILABLE FUND BALANCE 10,000 6,518,883 10,000
Georgetown Economic Development Corporation Fund
Year-End Projection to Approved: Dec FY2019
Page 7 of 43
As of December 31, 2018
Georgetown Economic Development Corporation
Sales Tax History
Variance % Var.
MONTH [a]2014-15 2015-16 2016-17 2017-18 2018-19 To FY 17 To FY 17
October 98,094$ 106,050$ 114,748$ 124,478$ 159,033$ 34,555$ 27.76%
November 102,891 112,766 125,214 127,063
December 143,774 148,200 160,542 162,940
January 87,695 96,563 110,006 115,291
February 89,107 108,117 105,556 133,797
March 123,951 133,492 137,301 158,112
April 102,671 108,977 117,261 135,036
May 95,699 120,418 125,188 148,761
June 130,589 142,767 151,484 157,313
July 108,994 119,534 154,889 143,616
August 102,888 132,582 122,847 142,154
September 125,201 135,378 143,897 154,864
Total 1,311,554$ 1,464,844$ 1,568,933$ 1,703,425$ 159,033$
YTD 98,094 106,050 114,748 124,478 159,033 34,555 27.76%[b]
Notes:
[a]Sales tax revenue from the State Comptroller is received two months in arrears.
[b]YTD compared through current month.
$-
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
Re
v
e
n
u
e
s
Sales Tax 3 Year Trend
2016-17
2017-18
2018-19
Page 8 of 43
GEORGETOWN ECONOMIC DEVELOPMENT CORPORATION
CHECKS WRITTEN REPORT
FOR THE MONTH OF DECEMBER 2018
• Promotion and Marketing Programs:
- American City Business Journals, Inc. $ 8,500.00
- Austin Chamber of Commerce $ 10,000.00
- Austin Young Chamber of Commerce $ 5,000.00
Page 9 of 43
APPROVED BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 6,853,073 6,853,073 6,853,073
OPERATING REVENUES
Interest 40,300 3,893 16,925 40,300
Sales Tax 1,768,275 11,316 11,316 1,768,275
OPERATING REVENUES Total 1,808,575 15,209 28,241 1,808,575
OPERATING EXPENDITURES
Joint Services Allocation 238,622 19,885 39,770 238,622
Miscellaneous Expense 50 - - 50
Promotional & Marketing Program 100,000 - 21,855 100,000
Special Services 30,000 - - 30,000
Travel & Training 500 - - 500
OPERATING EXPENDITURES Total 369,172 19,885 61,625 369,172
TOTAL NET OPERATIONS 1,439,403 (4,676) (33,384) 1,439,403
NON-OPERATING EXPENDITURES
Principal Reduction 80,568 - - 80,568
Debt Service 205,069 - - 205,069
Interest Expense 23,157 - - 23,157
Atmost Energy - - 153,905 146,095
DisperSol 50,000 - - 50,000
Economic Development Projects -Undetermined 7,146,613 - - 7,146,613
Holt Cat 185,000 - - 185,000
Radiation Detection Company 150,000 - - 150,000
NON-OPERATING EXPENDITURES Total 7,840,407 - 153,905 7,986,502
TOTAL NET NON-OPERATIONS (7,840,407) - (153,905) (7,986,502)
EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL
REQUIREMENTS (6,401,004) (4,676) (187,289) (6,547,099)
ENDING FUND BALANCE 452,069 6,665,784 305,974
RESERVES
Contingency 442,069 442,069 442,069
RESERVES Total 442,069 - 442,069 442,069
AVAILABLE FUND BALANCE 10,000 6,223,715 (136,095)
Georgetown Economic Development Corporation Fund
Preliminary Actuals to Year-End Projection: Nov FY2019
Page 10 of 43
As of November 30, 2018
Georgetown Economic Development Corporation
Sales Tax History
Variance % Var.
MONTH [a]2013-14 2014-15 2015-16 2016-17 2017-18 To FY 17 To FY 17
October 91,863$ 98,094$ 106,050$ 114,748$ 124,478$ 9,730$ 8.48%
November 99,552 102,891 112,766 125,214 127,063 1,849$ 1.48%
December 134,682 143,774 148,200 160,542 162,940 2,398$ 1.49%
January 89,357 87,695 96,563 110,006 115,291 5,285$ 4.80%
February 86,901 89,107 108,117 105,556 133,797 28,241$ 26.75%
March 114,355 123,951 133,492 137,301 158,112 20,811$ 15.16%
April 106,002 102,671 108,977 117,261 135,036 17,775$ 15.16%
May 112,572 95,699 120,418 125,188 148,761 23,573$ 18.83%
June 123,306 130,589 142,767 151,484 157,313 5,829$ 3.85%
July 102,435 108,994 119,534 154,889 143,616 (11,273)$ -7.28%
August 98,015 102,888 132,582 122,847 142,154 19,307$ 15.72%
September 119,473 125,201 135,378 143,897 154,864 10,967$ 7.62%
Total 1,278,513$ 1,311,554$ 1,464,844$ 1,568,933$ 1,703,425$
YTD 1,278,513 1,311,554 1,464,844 1,568,933 1,703,425 123,525 7.87%[b]
Notes:
[a]Sales tax revenue from the State Comptroller is received two months in arrears.
[b]YTD compared through current month.
$-
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
Re
v
e
n
u
e
s
Sales Tax 3 Year Trend
2015-16
2016-17
2017-18
Page 11 of 43
APPROVED
BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 6,853,073 6,853,073 6,853,073
OPERATING REVENUES
Interest 40,300 3,893 3,893 40,300
Sales Tax 1,768,275 - - 1,768,275
OPERATING REVENUES Total 1,808,575 3,893 3,893 1,808,575
OPERATING EXPENDITURES
Joint Services Allocation 238,622 19,885 19,885 238,622
Miscellaneous Expense 50 - - 50
Promotional & Marketing Program 100,000 13,355 13,355 100,000
Special Services 30,000 - - 30,000
Travel & Training 500 - - 500
OPERATING EXPENDITURES Total 369,172 33,240 33,240 369,172
TOTAL NET OPERATIONS 1,439,403 (29,347) (29,347) 1,439,403
NON-OPERATING EXPENDITURES
Principal Reduction 80,568 - - 80,568
Debt Service 205,069 - - 205,069
Interest Expense 23,157 - - 23,157
DisperSol 50,000 - - 50,000
Economic Development Projects -Undetermined 7,146,613 - - 7,146,613
Holt Cat 185,000 - - 185,000
Radiation Detection Company 150,000 - - 150,000
NON-OPERATING EXPENDITURES Total 7,840,407 - - 7,840,407
TOTAL NET NON-OPERATIONS (7,840,407) - - (7,840,407)
EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER
TOTAL REQUIREMENTS (6,401,004) (29,347) (29,347) (6,401,004)
ENDING FUND BALANCE 452,069 6,823,726 452,069
RESERVES
Contingency 442,069 442,069 442,069
RESERVES Total 442,069 442,069 442,069
AVAILABLE FUND BALANCE 10,000 6,381,657 10,000
Georgetown Economic Development Corporation Fund
Year-End Projection to Approved Budget: Oct FY2019
Page 12 of 43
GEORGETOWN ECONOMIC DEVELOPMENT CORPORATION
CHECKS WRITTEN REPORT
FOR THE MONTH OF OCTOBER 2018
• Promotion and Marketing Programs:
- American Program Bureau, Inc. $ 5,000.00
- Impact Data Source $ 6,615.00
- Infogroup Library Division $ 1,740.00
Page 13 of 43
APPROVED
BUDGET
CURRENT
PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
YEAR-END
VARIANCE
FAV(UNFAV)
% YEAR-END
VARIANCE
FAV(UNFAV)
BEGINNING FUND BALANCE 5,902,863 5,902,863 6,051,152 148,289 2.45%
OPERATING REVENUES
Interest 25,400 11,543 103,233 103,200 33 0.03%
Lease Revenue (Grape Creek)24,000 - 40,000 40,000 - 0.00%
Miscellaneous Revenue 61,100 - 60,991 61,000 (9) -0.01%
Sales Tax 1,643,750 431,425 1,703,425 1,693,750 9,675 0.57%
Sale of Property 128,090 128,090 128,090 (0) 0.00%
OPERATING REVENUES Total 1,754,250 571,058 2,035,739 2,026,040 9,699 0.48%
OPERATING EXPENDITURES
Debt Service 212,569 - 212,688 212,569 (119) -0.06%
Interest Expense 26,128 26,128 26,128 26,128 - 0.00%
Joint Services Allocation 221,328 18,444 221,328 221,328 - 0.00%
Miscellaneous Expense 11,108 - 10,991 11,040 49 0.44%
Principal Reduction 90,485 90,485 90,485 90,485 - 0.00%
Promotional & Marketing Program 81,000 7,625 76,942 81,000 4,058 5.01%
Special Services 57,500 10,000 55,647 57,500 1,853 3.22%
Supplies 300 - - - - 0.00%
Travel & Training 1,500 - - 500 500 100.00%
OPERATING EXPENDITURES Total 701,918 152,682 694,209 700,550 6,341 0.91%
TOTAL NET OPERATIONS 1,052,332 418,376 1,341,530 1,325,490 16,040 1.21%
NON-OPERATING EXPENDITURES
Catalyst 36,000 - 18,839 18,839 - 0.00%
DisperSol 60,000 - 40,000 40,000 - 0.00%
Economic Development Projects -Undetermined 6,308,518 - - 150,000 150,000 100.00%
Texas Life Sciences 139,740 - 139,740 139,740 - 0.00%
NON-OPERATING EXPENDITURES Total 6,544,258 - 198,579 348,579 150,000 43.03%
TOTAL NET NON-OPERATIONS (6,544,258) - (198,579) (348,579) (150,000) 43.03%
EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER
TOTAL REQUIREMENTS (5,491,926) 418,376 1,142,951 976,911 (133,960) -13.71%
ENDING FUND BALANCE 410,938 7,045,814 7,028,063 (133,959) -1.91%
RESERVED ENDING BALANCE 410,938 423,438
Georgetown Economic Development Corporation Fund
Preliminary Actuals to Year-End Projection: Sep FY2018
Page 14 of 43
GEORGETOWN ECONOMIC DEVELOPMENT CORPORATION
CHECKS WRITTEN REPORT
FOR THE MONTH OF SEPTEMBER 2018
• Promotion and Marketing Programs:
- Austin Chamber of Commerce $ 5,000.00
- Brandcave, LLC $ 2,625.00
• Special Services:
- Farnum Enterprises, Inc. $ 10,000.00
Page 15 of 43
City of Georgetown, Texas
Georgetown Economic Development Corporation
January 28, 2019
S UB J E C T:
Dis cus s ion and pos s ible ac tion regarding the S taff R eport —David Morgan, C ity Manager
-P erformance Agreement Report
-Activity Report
-O ther S taff Items
IT E M S UMMARY:
T he G EDC O Board has requested that staff provide a project progres s and status report at eac h meeting
on all of the ac tive projec ts dis cus s ed by the Board.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
David S . Morgan, C ity Manager
AT TAC H ME N T S:
Description Type
report Cover Memo
pa Cover Memo
Page 16 of 43
Economic Development
Activity Report
January 2018
Page 17 of 43
Strategic Goal 1
Support existing businesses
and industries
Page 18 of 43
0
5
10
15
20
25
Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 Sep 18 Oct 18 Nov 18 Dec 18
Business Retention Activity
Visits Assistance Requests Touches
Page 19 of 43
Additional BRE Activity
•17 of the active projects are existing
businesses (about 25%)
•Breakfast Bites in December with Chief
Nero and Chief Sullivan
Page 20 of 43
Strategic Goal 2
Enhance targeted recruitment
of identified industries
Page 21 of 43
0
2
4
6
8
10
12
14
16
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Leads
FY17 FY18 FY19
Page 22 of 43
0
2
4
6
8
10
12
14
16
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Proposals Submitted
FY17 FY18 FY19
Page 23 of 43
0
1
2
3
4
5
6
7
8
9
10
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Site Visits
FY17 FY18 FY19
Page 24 of 43
0
10
20
30
40
50
60
70
Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 Sep 18 Oct 18 Nov 18 Dec 18
Active Projects
Development Hot Warm Cold
Page 25 of 43
Additional Recruitment Activity
•Council and County passed Wolf Lakes TIRZ
agreements (Dec.)
•Council passed Atmos agreement for
downtown natural gas improvements
(Dec.)
•Finalizing contract for Project Office space
and will be on council in February
Page 26 of 43
Strategic Goal 3
Diversify workforce development
and recruitment initiatives
Page 27 of 43
Workforce Development Activity
•Inaugural Hospitality Alliance (Nov.)
•Inaugural Healthcare Alliance (Dec.)
•Working with three major employers and
Texas Workforce Solutions on Skills
Development Fund grant application
Page 28 of 43
Strategic Goal 4
Encourage speculative
development
Page 29 of 43
Speculative Development Activity
•Eight of the active projects are
speculative development
•Several development meetings recently
•Also focusing on “shovel-ready” sites
Page 30 of 43
Overall Objective
Tell our story to a
broader local audience
Page 31 of 43
Other Activity
•Residential Realtors Twelve@12
•WilCo EDP trade shows confirmed
Page 32 of 43
Economic Indicators
Page 33 of 43
-
200
400
600
800
1,000
1,200
1,400
$-
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
$350.0
$400.0
$450.0
J
a
n
1
8
F
e
b
1
8
Ma
r
1
8
Ap
r
1
8
M
a
y
1
8
J
u
n
1
8
J
u
l
1
8
Au
g
1
8
Se
p
1
8
O
c
t
1
8
No
v
1
8
D
e
c
1
8
Construction Permit Applications
Valuation
(in millions)
# of Permits
Page 34 of 43
0
2
4
6
8
10
12
14
16
18
Ja
n
1
8
Fe
b
1
8
Ma
r
1
8
A
p
r
1
8
Ma
y
1
8
Ju
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1
8
J
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1
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A
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1
8
Se
p
1
8
O
c
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1
8
No
v
1
8
D
e
c
1
8
Certificates of Occupancy Issued
Page 35 of 43
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
O
c
t
No
v
De
c
Ja
n
Fe
b
Ma
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A
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r
Ma
y
Ju
n
Ju
l
A
u
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Se
p
Sales Tax Collections
FY 2017 FY 2018 FY 2019
Page 36 of 43
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Ja
n
1
8
Fe
b
1
8
Ma
r
1
8
A
p
r
1
8
Ma
y
1
8
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1
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No
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8
D
e
c
1
8
Unemployment Rate
Page 37 of 43
$30,000
$35,000
$40,000
$45,000
$50,000
$55,000
Average Annual Wage
Page 38 of 43
Name Description
Start Date (Council
Approved)End Date $ Encumbered $ Expended
DisperSol
Grant for job creation related to expansion of
manufacturing facilities.10/16/2014 2/15/2019 250,000$ $ 80,000
Radiation Detection Corporation
Grant for Qualified Expenditures and job creation
related to the relocation of the corporate offices to
Georgetown. 7/23/2013 12/31/2021 320,000$ $ 320,000
KJ Scientific (KJS)
Provide a grant of the equipment obtained in the
TLCC brand acquisition to KJ Scientific (KJS) to
retain the business in Georgetown.The retention
equipment grant is for five years with KJS obligated
to pay a pro-rated amount of $10,000 per year
should they relocate outside of the City.2/27/2018 12/31/2022 $ 50,000.00 $ 50,000.00
Holt Caterpillar
GEDCO to provide up to $185,000
infrastructure grant for the cost of
connecting to a new wastewater line run to the
property by the City. Approved by
Council on 1/24/17.1/24/2017 185,000.00$
Radiation Detection Corporation 2
Grant for job creation and reimbursement of
Qualified Expenditures related to the expansion of
the existing HQ corporate offices located in
Georgetown. POSTPONED 6/13/2018 6/1/2019 150,000$ $ -
Georgetown Development I, LLC
Infrastructure reimbursement grant of $500,000 for
qualified expenditures related to the development
of 90,000 SF of speculative business park space in
Georgetown at the Westinghouse Business Center.10/9/2018 6/1/2021 500000
GEDCO - ACTIVE PERFORMANCE AGREEMENTS STATUS REPORT
January 28, 2019
Page 39 of 43
City of Georgetown, Texas
Georgetown Economic Development Corporation
January 28, 2019
S UB J E C T:
Action out of Exec utive S es s ion.
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
T BD
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 40 of 43
City of Georgetown, Texas
Georgetown Economic Development Corporation
January 28, 2019
S UB J E C T:
S ec. 551.071: C O N S ULTAT IO N WIT H AT TO R N E Y
C onsultation with attorney regarding legal issues related to agenda items and other matters in which (1)
when the governmental body seeks the advic e of its attorney about: (A) pending or contemplated litigation;
or (B) a s ettlement offer; or (2) on a matter in which the duty of the attorney to the governmental body
under the Texas Disc iplinary R ules of P rofes s ional C onduct of the S tate Bar of Texas clearly c onflic ts
with this c hapter - C harlie Mc Nabb, C ity Attorney
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 41 of 43
City of Georgetown, Texas
Georgetown Economic Development Corporation
January 28, 2019
S UB J E C T:
S ection 551.072. D E LIB E R AT IO N R E G AR D IN G R E AL P R O P E RT Y
Dis cus s ion and pos s ible ac tion to deliberate the purc hase,exc hange, lease or value of real property for
purposes authorized by the Development C orporation Ac t which disc ussion in open session would have a
detrimental effect on negotiations with third pers ons.
- P roperty near the I H35 and Inner Loop inters ection
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
n/a
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 42 of 43
City of Georgetown, Texas
Georgetown Economic Development Corporation
January 28, 2019
S UB J E C T:
S ection 551.087. D E LIB E R AT IO N R E GAR D IN G E C O N OMIC D E VE LO P ME N T
N E GOT IAT ION S .
Deliberation regarding c ommercial or financ ial information that the corporation has received from a
busines s prospec t that the G eorgetown Ec onomic Development C orporation s eeks to have loc ate, stay, or
expand in or near the territory of the C ity of G eorgetown and with whic h the C orporation is c onducting
economic development negotiations; and/or deliberation regarding the offer of a financ ial or other incentive
to a bus iness pros pect that the C orporation seeks to have locate, s tay, or expand in or near the territory of
the C ity of G eorgetown.
- P rojec t G ear
- P rojec t Deliver
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 43 of 43