HomeMy WebLinkAboutAgenda_GEDCO_04.18.2016Notice of Meeting for the
Georgetown Economic Dev elopment Corporation and the Gov erning Body
of the City of Georgetown
April 18, 2016 at 4:00 PM
at the City Council Chambers, located at 101 E. 7th Street, Georgetown, TX 78626
The City o f G eo rgeto wn is committed to comp lianc e with the Americans with Dis abilities Ac t (ADA). If yo u
req uire as s is tanc e in participating at a p ublic meeting d ue to a disability, as d efined und er the ADA, reas onab le
as s is tance, ad ap tatio ns , or acc o mmo d ations will b e provid ed up o n req uest. P leas e c o ntact the City at leas t
fo ur (4) d ays prior to the sc heduled meeting d ate, at (512) 930-3652 or City Hall at 113 East 8th Street for
ad d itional informatio n; TTY users ro ute thro ugh Relay Texas at 711.
Regular Session
(This Regular S es s io n may, at any time, b e rec es s ed to convene an Exec utive S es s io n fo r any p urpose
authorized b y the Op en Meetings Act, Texas Go vernment Co d e 551.)
A Co nsideration and approval of the minutes fo r Georgetown Ec o nomic Develo p ment Co rp o ration for the
Regular Meeting held Mo nday, Marc h 21, 2016--Kevin Kelly, Sec retary
B Co nsideration of the Marc h 2016 Financial R ep o rt -- Laurie Brewer, As s is tant C ity Manager, Leigh
Wallac e, F inanc e Manager, GEDCO
C Pres entatio n, dis c us sion and possible action regard ing the Texas Life-S c ienc es Collaboratio n Center--
Mic hael Do uglas , Ph.D., Exec utive Direc to r of the TLCC
D Dis cus s ion and pos s ible actio n regarding the Projec t Progres s Rep o rt—David Mo rgan, City Manager
E Actio n o ut o f Exec utive Session.
Executiv e Session
In compliance with the Op en Meetings Act, C hapter 551, Go vernment Code, Vernon's Texas Codes,
Annotated, the items lis ted below will be d is c us s ed in closed s es s io n and are s ubjec t to actio n in the regular
s es s io n.
F Sec. 551.071: CONSULTATION WITH ATTORNEY
Co nsultation with attorney regarding legal is s ues related to agenda items and other matters in whic h (1)
when the go vernmental body seeks the advic e o f its attorney ab o ut: (A) p ending o r c o ntemp lated
litigatio n; o r (B) a s ettlement o ffer; o r (2) o n a matter in which the d uty of the attorney to the go vernmental
body under the Texas Dis ciplinary Rules o f P ro fes s io nal Cond uc t o f the S tate Bar o f Texas clearly
c o nflic ts with this chap ter.
G Section 551.072. DELIBERATIONREGARDING REAL PROPERTY
Dis cus s ion and pos s ible actio n to d elib erate the p urc hase,exc hange, leas e or value of real property for
purp o s es authorized b y the Development C o rp o ration Ac t which disc us s io n in o p en s es s io n would have
adetrimental effect on negotiations with third pers ons .
H Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS.
Delib eratio n regarding commerc ial or financ ial info rmation that the corp o ration has rec eived fro m a
Page 1 of 18
bus iness pros pec t that the Georgetown Ec ono mic Develo p ment Co rp oratio n s eeks to have loc ate, stay, or
exp and in or near the territory of the City o f Georgetown and with whic h the C o rp o ration is cond uc ting
ec o nomic d evelopment nego tiatio ns; and/o r deliberatio n regarding the o ffer of a financ ial or o ther
incentive to a bus iness p ro s p ect that the C o rp o ration seeks to have lo cate, s tay, o r exp and in o r near the
territory o f the City o f Georgetown.
CERTIFICATE OF POSTING
I, Shelley No wling, C ity S ecretary fo r the C ity of Geo rgeto wn, Texas , d o hereby c ertify that this Notice of
Meeting was p o s ted at City Hall, 113 E. 8th Street, a p lace read ily acc es s ible to the general p ublic at all times ,
on the ______ d ay o f __________________, 2016, at __________, and remained so p o s ted fo r at leas t 72
c o ntinuo us ho urs p receding the sc heduled time o f s aid meeting.
____________________________________
S helley No wling, City Sec retary
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City of Georgetown, Texas
Georgetown Economic Development Corporation
April 18, 2016
SUBJECT:
Cons id eration and ap p ro val o f the minutes for Geo rgeto wn Econo mic Development Corporatio n fo r the
Regular Meeting held Mond ay, March 21, 2016--Kevin Kelly, S ecretary
ITEM SUMMARY:
ATTACHMENTS:
1. Draft Minutes for the Regular Meeting held Mo nday, Marc h 21, 2016
FINANCIAL IMPACT:
None
SUBMITTED BY:
Shirley Rinn for Kevin Kelly, Co rp o rate Sec retary
ATTACHMENTS:
Description Type
March 2016 Cover Memo
Page 3 of 18
GEDCO Minutes
March 21, 2016
Page 1 of 2
Minutes of the Meeting of the
Georgetown Economic Development Corporation
And the Governing Body of the
City of Georgetown, Texas
March 21, 2016
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met
on Monday, March 21, 2016.
Members Present: Kevin Kelly, Rachel Jonrowe, Bill Mateja, Jeff Parker, Steve Fought,
Steve Klein, Hugh Brown
Staff Present: David Morgan, City Manager; Charlie McNabb, City Attorney; Tina
Dunbar, Administrative Assistant; Conchita Gusman, Program
Manager; Laurie Brewer, Assistant City Manager; Leah Wallace,
Finance Director; Shirley Rinn, Executive Assistant
MINUTES
Call to Order at 03:33 PM
Legislative Regular Session
A. Consideration and possible action to nominate and elect a President, Vice-President, and Secretary
consistent with Section 3.02 of the GEDCO Bylaws— David Morgan, General Manager
Motion by Fought, second by Mateja to nominate and elect Hugh Brown as President.
(Approved 6-0)
Motion by Mateja, second by Fought to nominate and elect Jeff Parker as Vice President.
(Approved 6-0)
Motion by Mateja, second by Parker to nominate and elect Kevin Kelly as President.
(Approved 6-0)
B. Review and possible action related to the Day and Time of the GEDCO Board Meetings--David Morgan,
General Manager
Motion by Fought, second by Kelly to change the starting time of GEDCO meetings to 4:00
pm. (Approved 6-0)
C. Review and discussion regarding the City Council Attendance Policy for Board Members--David Morgan,
General Manager
Morgan explained the Attendance Policy and answered questions of Board Members.
D. Consideration and approval of the minutes for Georgetown Economic Development Corporation for the
Regular Meeting held Monday, December 21, 2015--Kevin Kelly, Secretary
Page 4 of 18
GEDCO Minutes
March 21, 2016
Page 2 of 2
Motion by Fought, second by Jonrowe to approve the December 21, 2015 minutes.
(Approved 6-0)
E. Confirmation and approval of the Fourth Amended Bylaws for GEDCO approved by the City Council on
December 8, 2015 and the Articles of Amendment for GEDCO approved by the City Council on December
8, 2015 related to Board Membership Requirements--David Morgan, General Manager
Motion by Klein, second by Kelly to approve the Forth Amended Bylaws. (Approved 6-0)
F. Consideration of the December 30, 2015, January 31, 2016, and February 29, 2016 Financial Reports --
Laurie Brewer, Assistant City Manager, Leigh Wallace, Finance Manager, GEDCO
Wallace introduced herself and provided an explanation of the current financial reports and
plans to improve the format of future reports.
G. Discussion and possible action regarding the Project Progress Report—David Morgan, City Manager
Morgan provided an update of the Project Progress Report. Hugh Brown joined the meeting.
H. Review and discussion of the scope of work and cost for a Retail Strategy and Recruitment Plan and
provide direction to staff to negotiate a contract with the preferred consultant - David Morgan, City
Manager and Wayne Reed, Assistant City Manager
Morgan provided an overview of the proposals received in response to the RFP and staffs’
evaluation of each proposal. Discussion was held on the scope of work of the consultant.
Motion by Mateja, second by Kelly to approve staff recommendations and to forward the
item to City Council for final approval. (Approved 7-0)
I. Discussion and possible action to provide direction to staff regarding questions and any other types of
information the Board would like to have included in an Executive Summary and Presentation by the
Texas Life-Sciences Collaboration Center to the GEDCO Board--David Morgan, General Manager and
Wayne Reed, Assistant City Manager
Discussion was held on the history of the TLCC and its interaction with GEDCO. GEDCO
members provided input on how they believe the TLCC should interact with GEDCO in the
future.
Adjorn at 4:23
Attest:
______________________________ ___________________________________
Kevin Kelly, Corporate Secretary Hugh Brown, President
Page 5 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
April 18, 2016
SUBJECT:
Cons id eration o f the March 2016 Financ ial Report -- Laurie Brewer, Assistant City Manager, Leigh
Wallace, Financ e Manager, GEDCO
ITEM SUMMARY:
See Attachments
FINANCIAL IMPACT:
None
SUBMITTED BY:
Shirley J. Rinn fo r Laurie Brewer, As s is tant C ity Manager
ATTACHMENTS:
Description Type
March 2016 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
April 18, 2016
SUBJECT:
Presentatio n, d is c us s io n and p o s s ib le ac tion regarding the Texas Life-Scienc es C o llab o ration Center--
Michael Do uglas , P h.D., Executive Directo r o f the T LCC
ITEM SUMMARY:
Michael Do uglas , P h.D., Executive Directo r fo r Texas Life-S ciences Collab o ration Center (TLCC) will
p res ent an update and overview of TLCC's c urrent o p erations to the GEDC O Board.
FINANCIAL IMPACT:
None
SUBMITTED BY:
Tina Dunb ar o n b ehalf o f Wayne Reed, Assis tant City Manager
Page 11 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
April 18, 2016
SUBJECT:
Disc ussion and p o s s ib le ac tion regard ing the P ro ject P ro gress Report—David Morgan, City Manager
ITEM SUMMARY:
The GEDCO Board has req uested that staff p ro vide a projec t p ro gress and s tatus report at eac h meeting
o n all of the ac tive p ro jects disc ussed b y the Bo ard .
ATTACHEMENT:
1. P ro ject Status R ep o rt
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
David S. Morgan, C ity Manager
ATTACHMENTS:
Description Type
GEDCO Project Update Backup Material
Page 12 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. Radix paid
back $50K 3/10/16.3/9/2010 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
March 21, 2016
Page 13 of 18
Project Project Description
Approved by
Council Funded Monitoring Compliance Closed
GEDCO PROJECT UPDATE AND STATUS REPORT
March 21, 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 14 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
April 18, 2016
SUBJECT:
Ac tion out of Exec utive S es s io n.
ITEM SUMMARY:
FINANCIAL IMPACT:
None
SUBMITTED BY:
Skye Mas s o n, Interim City Attorney
Page 15 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
April 18, 2016
SUBJECT:
Sec. 551.071: CONSULTATION WITH ATTORNEY
Cons ultation with atto rney regard ing legal iss ues related to agend a items and o ther matters in which (1)
when the go vernmental b o d y s eeks the advic e of its atto rney about: (A) p end ing or contemplated litigation;
o r (B) a settlement offer; or (2) o n a matter in whic h the duty of the attorney to the governmental b o d y
und er the Texas Dis c ip linary Rules o f Pro fes s ional C o nduct of the State Bar of Texas c learly conflicts with
this c hapter.
ITEM SUMMARY:
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Skye Mas s o n, Interim City Attorney
Page 16 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
April 18, 2016
SUBJECT:
Section 551.072. DELIBERATIONREGARDING REAL PROPERTY
Disc ussion and p o s s ib le ac tion to deliberate the purchas e,exchange, leas e o r value o f real p ro p erty for
p urposes autho rized by the Develo p ment Corporatio n Act whic h d is cus s ion in open session wo uld have
ad etrimental effec t o n nego tiatio ns with third p ers o ns .
ITEM SUMMARY:
FINANCIAL IMPACT:
n/a
SUBMITTED BY:
Skye Mas s o n, Interim City Attorney
Page 17 of 18
City of Georgetown, Texas
Georgetown Economic Development Corporation
April 18, 2016
SUBJECT:
Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS.
Deliberatio n regard ing c o mmercial o r financ ial informatio n that the c o rp o ratio n has received from a
b usines s pros p ec t that the Geo rgeto wn Economic Development Corporation s eeks to have lo cate, s tay, o r
expand in or near the territo ry o f the City o f Geo rgeto wn and with whic h the Corporatio n is c o nducting
econo mic d evelo p ment negotiations ; and/o r d elib eration regard ing the o ffer o f a financial o r other inc entive
to a bus iness pros pec t that the Co rp o ration s eeks to have loc ate, stay, o r expand in or near the territory of
the City of Georgetown.
ITEM SUMMARY:
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Skye Mas s o n, Interim City Attorney
Page 18 of 18