HomeMy WebLinkAboutAgenda_GEDCO_02.15.2016Notice of Meeting for the
Georgetown Economic Development Corporation and the Governing Body
of the City of Georgetown
February 15, 2016 at 3:30 PM
at the City Council Chambers, located at 101 E. 7th Street, Georgetown, TX 78626
The City of Georgetown is committed to compliance with the Americans with Disabilities Act (ADA).
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contact the City at least four (4) days prior to the scheduled meeting date, at (512) 930-3652 or City
Hall at 113 East 8th Street for additional information; TTY users route through Relay Texas at 711.
Regular Session
(This Regular Session may, at any time, be recessed to convene an Executive Session for any purpose
authorized by the Open Meetings Act, Texas Government Code 551.)
A Consideration and approval of the minutes for Georgetown Economic Development Corporation
for the Regular Meeting held Monday, December 21, 2015--Kevin Kelly, Secretary
B Consideration of the December 30, 2015 and January 31, 2016, Financial Reports -- Laurie
Brewer, Assistant City Manager, COG, Interim Finance Manager, GEDCO
C Discussion and possible action regarding the Project Progress Report—David Morgan, City
Manager
D Discussion and possible action regarding confirmation of the retail marketing consultant - David
Morgan, City Manager
E Action out of Executive Session.
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 (1) when the governmental body seeks the advice of its attorney about: (A) pending or
contemplated litigation; or (B) a settlement offer; or (2) on a matter in which the duty of the
attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of
the State Bar of Texas clearly conflicts with this chapter.
G 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 adetrimental effect on negotiations with third persons.
H Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS.
Page 1 of 18
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.
CERTIFICATE OF POSTING
I, Shelley Nowling, City Secretary for the City of Georgetown, Texas, do hereby certify that this
Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general
public at all times, on the ______ day of __________________, 2016, at __________, and remained
so posted for at least 72 continuous hours preceding the scheduled time of said meeting.
____________________________________
Shelley Nowling, City Secretary
Page 2 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 15, 2016
SUBJECT:
Consideration and approval of the minutes for Georgetown Economic Development Corporation
for the Regular Meeting held Monday, December 21, 2015--Kevin Kelly, Secretary
ITEM SUMMARY:
ATTACHMENTS:
1. Draft Minutes for the Regular Meeting held Monday, December 21, 2015
FINANCIAL IMPACT:
None
SUBMITTED BY:
Kevin Kelly, Corporate Secretary
ATTACHMENTS:
Description Type
Dec 2015 minutes Cover Memo
Page 3 of 18
GEDCO Minutes
December 21, 2015
Page 1 of 2
Minutes 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
Page 4 of 18
GEDCO Minutes
December 21, 2015
Page 2 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. 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.
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:
______________________________ ___________________________________
Kevin Kelly, Corporate Secretary Steve Fought, President
Page 5 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 15, 2016
SUBJECT:
Consideration of the December 30, 2015 and January 31, 2016, Financial Reports -- Laurie
Brewer, Assistant City Manager, COG, Interim Finance Manager, GEDCO
ITEM SUMMARY:
See Attachment
FINANCIAL IMPACT:
None
SUBMITTED BY:
Laurie Brewer, Assistant City Manager
ATTACHMENTS:
Description Type
finance Cover Memo
Page 6 of 18
Page 7 of 18
Page 8 of 18
Page 9 of 18
Page 10 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 15, 2016
SUBJECT:
Discussion and possible action regarding the Project Progress Report—David Morgan, City
Manager
ITEM SUMMARY:
The GEDCO Board has requested that staff provide a project progress and status report at each
meeting on all of the active projects discussed by the Board.
ATTACHEMENT:
1. Project Status Report
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
David S. Morgan, City Manager
ATTACHMENTS:
Description Type
Project Report Cover Memo
Page 11 of 18
Project Project Description
Approved by
Council Funded Monitoring Compliance Closed
Citigroup
$1.3 Million Grant for wastewater infrastructure disbursed in April
2008. 12/12/2006 Funded April 2008
Yes, Final compliance
date is Dec. 2018 No
Radix BioSolutions, Ltd.
Provided grant to assist with the work and future plans of Radix
BioSolutions at the TLCC. Agreement approved by GEDCO on
February 9, 2010 and Council approved the Agreement at its March
9, 2010 Meeting. Radix paid back $47K on 3/15/15.3/9/2010 Funded May 13, 2010
Yes, Final compliance
date is March 2018 No
Lone Star Circle of Care
Provided a grant not to exceed $387,000 for Qualified Expenditures
for future site improvements at 205 East University Avenue,
Georgetown, Texas. Loan Agreement and Promissory Note have
not been executed. Agreement approved by GEDCO on June 23,
2011 and Council approved the Agreement at its June 28, 2011
Meeting. 6/28/2011
Funded November and
December 2011
Yes, Final Compliance
Date is July 28, 2016 No.
Grape Creek
Provide a grant not to exceed $447,000 for Qualified Expenditures
for the lease/purchase and future site improvements at 101 E. 7th
Street and 614 Main Street for the operation of a winery on the
Downtown Square in Georgetown Agreement approved by GEDCO
on July 25, 2011 and Council approved the Agreement at its August
23, 2011 Meeting. Fourth Amended Performance Agreement, Lease
Agreement, and Promissory Note was approved by GEDCO on
August 20, 2012 and by the City Council on August 28, 2012. TIRZ
Agreement for $60,000 approved by City Council on 9-11-12. 8/23/2011 Funded
Yes, Final Compliance is
March 2018.No
Georgetown Winery
Provide a grant not to exceed $70,000 for Qualified Expenditures
described as equipment for wine production and an agreement to
maintain and operate the existing winery in Georgetown. Agreement
approved by GEDCO on July 25, 2011 and Council approved the
Agreement at its August 23, 2011 Meeting. 8/23/2011 Funded
Yes, Final Compliance
Date is June 30, 2016 No
DiFusion Technologies (2)
Provide an extension of time for Difusion to retain unlimited access
to the ICP Spectrometor (equipment) under a lease agreement with
the TLCC for a year. At the end of the Agreement, Difusion will
purchase the Spectometor from GEDCO for $112,000.00.
Agreement Approved by GEDCO on December 21, 2015 and
Council on January 12, 2016.1/12/2016 No funding involved
Yes, Final Compliance
September 30, 2017 No
GEDCO PROJECT UPDATE AND STATUS REPORT
February 15, 2016
Page 12 of 18
Project Project Description
Approved by
Council Funded Monitoring Compliance Closed
GEDCO PROJECT UPDATE AND STATUS REPORT
February 15, 2016
Georgetown Indpendent School District
Provided a grant not to exceed $200,560 for the purchase of
qualified expenditures related to the equipment for the Engineering
Program and Laboratories at Georgetown and East View High
Schools. GISD will offer the MSSC Certifications, implement a Job
Placement Program, provide and annual report and annual tour of
the facilities to the GEDCO Board. Agreement was approved by
GEDCO on September 17, 2012 and the City Council on September
25, 2012. The GEDCO Board approved the GISD request to amend
the Performance Agreement to allow the purchase different
equipment than outlined in the original agreement on November 18,
2013. 9/17/2012 Partially Funded.
Yes. Final Compliance
based on life of
equipment. No
Texas Life Sciences Collaboration Center
(4)
Provide a grant of $100,000 for the maintenance of the TLCC.
Performance Agreement approved by GEDCO on 12/21/15. New
one-year agreement.1/12/2016 Funded February 2016
Yes. Final Compliance
October 31, 2016 No.
The Rivery at Summit Conference Center
Provide a grant not to exceed $4.5 Million for Public Infrastructure
Improvements. Approved by the GEDCO Board on November 18,
2013. Approved by the City Council on December 10, 2013. 12/10/2013 Not Funded
Yes.Construction
Deadline is
June 30, 2016. No.
TASUS Texas Corporation
Provide a grant of $67,500 for job creation related to expansion of
manufacturing facilities. Approved by the City Council on February
25, 2014 and approved by the GEDCO Board on February 17, 2014 2/25/2014 Not Funded
Yes. Final Compliance
May 31, 2017 No.
Radiation Detection Corporation
Provide a grant of $320,000 for job creation related to the relocation
of the corporate offices to Georgetown. Approved by City Council
and GEDCO on July 23, 2013. 7/23/2013 Funded
Yes. Final Compliance
December 31, 2021 No
DisperSol
Provide a grant of $250,000 for job creation related to expansion of
manufacturing facilities. Approved by the GEDCO Board on August
18, 2014. Company earned $50K (= 10 eligible positions at
$10/job). Check delivered 4/17/15 to company. 10/16/2014 Partially Funded
Yes. Final Compliance
February 15, 2019 No.
Page 13 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 15, 2016
SUBJECT:
Discussion and possible action regarding confirmation of the retail marketing consultant - David
Morgan, City Manager
ITEM SUMMARY:
City staff has processed the responses to the Retail Marketing Consultant RFP. Staff now
respectfully requests that GEDCO approve the selection of the Retail Marketing Consultant based
on staff evaluation.
FINANCIAL IMPACT:
$50,000 +/- in year one
SUBMITTED BY:
David S. Morgan, City Manager
Page 14 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 15, 2016
SUBJECT:
Action out of Executive Session.
ITEM SUMMARY:
FINANCIAL IMPACT:
None
SUBMITTED BY:
Skye Masson, Interim City Attorney
Page 15 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 15, 2016
SUBJECT:
Sec. 551.071: CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related to agenda items and other matters in
which (1) when the governmental body seeks the advice of its attorney about: (A) pending or
contemplated litigation; or (B) a settlement offer; or (2) on a matter in which the duty of the
attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of
the State Bar of Texas clearly conflicts with this chapter.
ITEM SUMMARY:
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Skye Masson, Interim City Attorney
Page 16 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 15, 2016
SUBJECT:
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 adetrimental effect on negotiations with third persons.
ITEM SUMMARY:
FINANCIAL IMPACT:
n/a
SUBMITTED BY:
Skye Masson, Interim City Attorney
Page 17 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 15, 2016
SUBJECT:
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.
ITEM SUMMARY:
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Skye Masson, Interim City Attorney
Page 18 of 18