HomeMy WebLinkAboutAgenda_GEDCO_02.16.2015Notice of Meeting for the
Georgetown Economic Development Corporation And the Governing Body
of the City of Georgetown
February 16, 2015 at 3:30 PM
at in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas
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Legislative Regular Agenda
A Consideration and approval of the minutes for Georgetown Economic Development Corporation
for the Regular Meeting held Monday, December 8, 2014--Hugh Brown, Secretary
B Consideration of the January 31, 2015, the December 13, 2014 and the 2013/14 Preliminary Year-
End Financial Reports.
C Discussion and possible action regarding the Project Progress Report, including Airborn, Radix
BioSolutions, Lone Star Circle of Care, Georgetown Winery, Grape Creek Winery, Difusion
Technologies, Inc., Texas Life Sciences Collaboration Center (TLCC), Radix, Radiation Detection
Company, Summit at the Rivery Conference Center, Molecular Templates, Inc., and TASUS
Texas Corporation—Paul E. Brandenburg, General Manager and Mark Thomas, Economic
Development Director
D Discussion and Possible action regarding a spec office building development in the South
Georgetown TIRZ on Westinghouse Road.
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 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 adetrimental 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.
- Pecan Branch
CERTIFICATE OF POSTING
I, Jessica Brettle, 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 __________________, 2015, at __________, and remained so
posted for at least 72 continuous hours preceding the scheduled time of said meeting.
____________________________________
Jessica Brettle, City Secretary
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 16, 2015
SUBJECT:
Consideration and approval of the minutes for Georgetown Economic Development Corporation
for the Regular Meeting held Monday, December 8, 2014--Hugh Brown, Secretary
ITEM SUMMARY:
ATTACHMENTS:
1. Draft Minutes for the Regular Meeting held Monday, December 8, 2014
FINANCIAL IMPACT:
None
SUBMITTED BY:
Hugh Brown, Corporate Secretary
ATTACHMENTS:
Description Type
GEDCO Minute 12-8-14 Cover Memo
GEDCO Minutes
December 8, 2014
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 8, 2014
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, December 08, 2014.
Members Present:
Steve Fought, Kevin Kelly, Patty Eason, Charles Carter, John Hesser, Walt Barkalow
Members Absent: Hugh Brown
Staff Present:
Jim Briggs, Acting City Manager, Mark Thomas, Economic Development Director; Micki
Rundell, Finance Manager; Laurie Brewer, Assistant City Manager; Jodi Levi, Senior
Accountant; Bridget Chapman, City Attorney; Tina Dunbar, Administrative Assistant; Conchita
Gusman, Program Manager
MINUTES
Call to Order at 01:30 PM
Legislative Regular Agenda
A Consideration and approval of the minutes of the Georgetown Economic Development
Corporation for the Regular Meeting held Monday, October 20, 2014--Hugh Brown,
Secretary
Motion by Carter, second by Barkalow to approve the Georgetown Economic Development
Corporation minutes as amended for the Regular Meeting held Monday, October 20, 2014.
Approved 6-0
B Discussion and possible action regarding the Project Progress Report, including Airborn,
Radix BioSolutions, Lone Star Circle of Care, Georgetown Winery, Grape Creek Winery,
Difusion Technologies, Inc., Texas Life Sciences Collaboration Center (TLCC), Radix, Radiation
Detection Company, Summit at the Rivery Conference Center, Molecular Templates, Inc.,
and TASUS Texas Corporation— and Mark Thomas, Economic Development Director
No update other than Summit at Rivery to be discussed in item D below.
GEDCO Minutes
December 8, 2014
Page 2 of 2
C Consideration of the October, 2014 Financial Reports-Micki Rundell, Finance Manager
Rundell explained reports for October and November 2014.
D Consideration and possible action to approve an Amended Performance Agreement
between the Georgetown Economic Development Corporation, Novak Brothers, LLC and
Hines Georgetown Hotel, LLC, for the Summit at Rivery Park project.
Rundell started the discussion by providing information on the agreement details and
explaining that the project timing is the only change in the Amended Agreement.
Motion by Faught, second by Hesser to approve the Amended Performance Agreement.
Approved 6-0
E Action out of Executive Session.
No Executive Session
ADJOURNMENT
The Meeting was adjourned at 1:45 p.m.
Attest:
______________________________ ___________________________________
Hugh Brown, Corporate Secretary Patty Eason, President
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 16, 2015
SUBJECT:
Consideration of the January 31, 2015, the December 13, 2014 and the 2013/14 Preliminary Year-
End Financial Reports.
ITEM SUMMARY:
See Attachment
FINANCIAL IMPACT:
None
SUBMITTED BY:
Micki Rundell, Finance Manager
ATTACHMENTS:
Description Type
12-14 1-15 & 13-14 YE financial Cover Memo
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 16, 2015
SUBJECT:
Discussion and possible action regarding the Project Progress Report, including Airborn, Radix
BioSolutions, Lone Star Circle of Care, Georgetown Winery, Grape Creek Winery, Difusion
Technologies, Inc., Texas Life Sciences Collaboration Center (TLCC), Radix, Radiation Detection
Company, Summit at the Rivery Conference Center, Molecular Templates, Inc., and TASUS
Texas Corporation—Paul E. Brandenburg, General Manager and Mark Thomas, Economic
Development Director
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:
Paul E. Brandenburg, General Manager and Mark Thomas, Economic Development Director
ATTACHMENTS:
Description Type
2-15 project update Cover Memo
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
Approved and
completed; Monitoring
Compliance No
Enflite
Company building 25,000 sq. ft. expansion and adding 75 new jobs.
Grant amount was $144,000 on completion of facility. Working with
enflite regarding issues related to compliance with terms of
Performance Agreement.
8/12/2008 and
3/10/2009
Funded $144,000 in May
2009
Final Compliance Date is
in 2013. Council will act
on final compliance and
repayment to GEDCO on
9-23-1014.Company
required to reimburse
City for $114,000. Final
payment rcvd from
company on 10/23/14. Yes
Airborn II
Provided a $300,000 grant for job creation and retention and capital
investment based on new 50,000 sq. ft. manufacturing facility at
Georgetown South Commercial Park. Amending Performance
Agreement to extend the construction completion date to May 2010.
Extension was approved by GEDCO on January 25, 2010 and the
City Council on January 26, 2010. Construction of Facility completed
May 2010. Yes.
9/25/2007and
1/26/2010
Partially Funded. First
Annual payment made
February 2011
Yes. Final compliance
date is 12/31/2014. 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. 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.
GEDCO PROJECT UPDATE AND STATUS REPORT
February 16, 2015
Project Project Description
Approved by
Council Funded Monitoring Compliance Closed
GEDCO PROJECT UPDATE AND STATUS REPORT
February 16, 2015
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
DiFusiion Technologies
Provide a grant not to exceed $92,000 for Qualified Expenditures
described as an ICP Spectrometer to be purchased by TLCC to be
leased to Dufusion under the terms of the Performance Agreement.
Qualified Expenditure to remain the Property of GEDCO unless
transferred to DiFusion per the terms of the Performance
Agreement.Agreement approved by GEDCO on October 17, 2011
and November 21, 2011 and Council approved the Agreement at its
December 13, 2011 Meeting. Performance Agreement and Lease
Agreement have not been executed. The GEDCO Board approved
additional requirements for the Performance Agreement on May 21,
2012. Approved by Council on July 10, 2012.7/10/2012 Funded
Yes, Final Compliance
Date is July 31, 2015 No
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
(2)
Provide a grant of $150,000 for the maintenance of the TLCC.
Performance Agreement approved by GEDCO on July 15, 2013. 7/16/2013 Funded October 2013
Yes. Final Compliance
September 2014 Yes
Project Project Description
Approved by
Council Funded Monitoring Compliance Closed
GEDCO PROJECT UPDATE AND STATUS REPORT
February 16, 2015
Texas Life Sciences Collaboration Center
(3)
Provide a grant of $150,000 for the maintenance of the TLCC.
Performance Agreement approved by GEDCO on 10/17/14. 11/11/2014 Funded Dec. 2014
Yes. Final Compliance
October 31, 2015 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 September
30, 2015. No.
Molecular Templates, Inc.
Provide a grant of $69,000 for the retention of jobs and retaining its
headquarters at the TLCC. Approved by the City Council on
December 10, 2013 and approved by the GEDCO Board on
December 16, 2013. 12/10/2013 Funded $69K Jan 2015
Yes. Final Compliance
December 31, 2014 Yes.
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 Not 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 10/16/2014 Not Funded
Yes. Final Compliance
February 15, 2019 No.
Project Project Description
Approved by
Council Funded
Monitoring
Compliance Closed
Vista Solutions
Provided up to a $30,000 grant for the creation of high
wage jobs and capital investment. Software development
company locating on the square. 4/25/2006 Funded $21,000 April 2008 No. Yes
Orthopeutics
Provided up to $18,000 grant to company for creation of
new jobs and capital investment. 8/12/2008
Yes. Funded up to $18,000
March 2009 No Yes
Airborn I
Provide a $300,000 grant for job creation and retention
and capital investment based on new 50,000 sq. ft.
manufacturing facility at Longhorn Junction. 12/11/2007 Not funded No Yes
Loading Dock
Water line infrastructure project to provide fire rate water
flow to the Loading Dock restaurant and all buildings
along Austin Avenue between 6th Street and 7th. 12/12/2006
Funded up to $100,000
Spring 2007 No Yes
Quantum Logic Devices
Provide Grant to assist the company in its efforts to build
a test product for diagnostic clincical trials. GEDCO did
not approve request.No Not funded No Yes
Kenny Nguyen DBA The Beauty Escape
Salon (Gardens Building)
Provide grant to relocate transformers to downtown
building. 5/13/2008 Funded $10,750 June 2008 No Yes
CLOSED GEDCO PROJECTS
Project Project Description
Approved by
Council Funded
Monitoring
Compliance Closed
CLOSED GEDCO PROJECTS
IntraLink-Spine, Inc.
Provide grant to assist with the work and future plans of
IntraLink-Spine, Inc, at the TLCC. Agreement approved
by GEDCO on June 3, 2010 and Council approved the
Agreement at its June 8, 2010 Meeting. The Agreement
was not funded. Most of the company's operations are
moving to Kentucky. 6/8/2010 Not Funded No Yes
Amante
Provide grant to fund grease trap improvements in alley in
an amount not to exceed $25,968.40. Amante's closed its
operations June 9, 2010.There is now a working grease
trap that will benefit the next tenant. 8/25/2009
Funded $25,968.40 in
September 2009 No (business closed) Yes
Hope Lumber Company nka Pro-Build
South, LLC
Distributor of building materials. Company expanded rail
line which required relocation of electric transformers. 4A
funds provided $18,410 to offset cost of relocating
electric transformers. 11/14/2006 Funded $18,410 March 2007 No Yes
Ringdale, Inc.
Provide grant for $20,000 to expand its current facility to
8,500 sq. ft. and hire at least 10 new employees to work
on the LED technology. Agreement approved by GEDCO
on February 9, 2010 and Council approved the
Agreement at its March 9, 2010 Meeting
3/9/2010 Funded $20,000 April 8, 2010 No Yes
Project Project Description
Approved by
Council Funded
Monitoring
Compliance Closed
CLOSED GEDCO PROJECTS
McIntosh Holdings, LLC
Provide grant to relocate transformer to office building.
GEDCO approved conditional Performance Agreement on
December 21, 2009. Staff has requested back up
invoices to verify electrical work performed and will bring
agreement back to GEDCO once that is received from
the Applicant. Legal worked with Applicant's Attorney to
negotiate a settlement agreeement. No Not funded No Yes
Texas Outdoor Power Equipment
Funded extension of water and wasterwater infrastructure
based on the construction of a new 70,000 sq. ft.
warehouse. 5/27/2008
Funded $160,800 March
2009 No Yes
Texas Life Sciences Collaboration Center
Provide a grant not to exceed $150,000 for the
maintenance of the TLCC. Performance Agreement
approved by GEDCO on November 1, 2010 and the City
Council on December 14, 2010. 12/14/2010 Funded No Yes
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 16, 2015
SUBJECT:
Discussion and Possible action regarding a spec office building development in the South
Georgetown TIRZ on Westinghouse Road.
ITEM SUMMARY:
The South Georgetown TIRZ will provide infrastructure to allow for development at Georgetown's
south boarder. The Georgetown Transportation Enhancement Corporation is providing funds to
help build the road infrastructure. In the future, we hope to ask GEDCO participate in marketing
the area to attract quality employers. Therefore, we will keep GEDCO informed of the
infrastructure timeline and development within the TIRZ. One such development in the planning
stage is a spec class A office complex. We have asked the land owner/developer to present his
vision of the project to Georgetown.
FINANCIAL IMPACT:
None
SUBMITTED BY:
Mark Thomas
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 16, 2015
SUBJECT:
Action out of Executive Session.
ITEM SUMMARY:
FINANCIAL IMPACT:
None
SUBMITTED BY:
Bridget Chapman, City Attorney
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 16, 2015
SUBJECT:
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.
ITEM SUMMARY:
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 16, 2015
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:
Bridget Chapman, City Attorney
City of Georgetown, Texas
Georgetown Economic Development Corporation
February 16, 2015
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.
- Pecan Branch
ITEM SUMMARY:
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Bridget Chapman, City Attorney
