HomeMy WebLinkAboutAgenda_GEDCO_04.18.2022Notice of Meeting for the
Georgetown E conomic Dev elopment Corporation
of the City of Georgetown
April 18, 2022 at 4:00 P M
at Georgetown City Hall Community Room, 808 Martin L uther K ing Jr. St.
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 808 Martin
Luther King Jr. S treet, G eorgetown, T X 78626 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 all to order - K evin C ummins, B oard P resident
B C ons ideration and approval of the March 21, 2022 G EDC O minutes - S haron P arker, Board Liaison.
C Disc ussion regarding the S taff R eport - David Morgan, G eorgetown C ity Manager
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 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.
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 rojec t Man of S teel
Adjournment
Ce rtificate of Posting
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 posted at C ity Hall, 808 Martin Luther King Jr. S treet, G eorgetown, T X 78626, a plac e readily
acc es s ible to the general public as required by law, on the _____ day of _________________, 2022, at
Page 1 of 30
__________, and remained s o posted for at leas t 72 c ontinuous hours prec eding the s cheduled time of said
meeting.
__________________________________
R obyn Dens more, C ity S ec retary
Page 2 of 30
City of Georgetown, Texas
Georgetown Economic Development Corporation
April 18, 2022
S UB J E C T:
C onsideration and approval of the Marc h 21, 2022 G EDC O minutes - S haron P arker, Board Liais on.
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
S haron P arker
AT TAC H ME N T S:
Description Type
Minutes Backup Material
Page 3 of 30
GEDCO Minutes
March 21, 2022
Page 1 of 2
Minutes of the Meeting of the
Georgetown Economic Development Corporation
City of Georgetown, Texas
March 21, 2022
The Georgetown Economic Development Corporation of the City of Georgetown, TX, met on Monday, March 21, 2022
at 4:00 PM at City Hall, 808 Martin Luther King Jr Street, Georgetown, Texas
Members
Present:
Hugh Brown, Robert Hilton, Ron Garland, Steve Fought, Kevin Cummins, Barrie Laing, and Shawn
Hood
Members
Absent:
Staff
Present:
David Morgan, City Manager, Michaela Dollar, Director of Economic Development; Conchita Gusman,
Business Retention Manager, and Sharon Parker, Board Liaison.
Guest
Present:
MINUTES
Meeting called to Order at 4:00 pm
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, City Manager
Motion to nominate Kevin Cummins, as President, 2nd by Hugh Brown. Approved 6-0. Steve
Fought was absent.
Motion to nominate Robert Hilton, as Vice President, 2nd by Shawn Hood. Approved 6-0. Steve
Fought was absent.
Motion to nominate Barrie Laing, as Secretary, 2nd by Hugh Brown. Approved 6-0. Steve Fought was
absent.
Steve Fought arrived at 4:15 pm
B. Review and discussion regarding the Amended Bylaws for GEDCO approved by the City Council on April
23, 2019 – David Morgan, City Manager
David presented the bylaws to the board; he discussed the rules and expectations. No changes were made,
and no action was needed.
C. Review and possible action related to the Day and Time of the GEDCO Board Meetings – David
Morgan, City Manager
Motion to keep the current Day and time of the GEDCO Board meetings at 4:00 pm on the 3rd Monday of the
Month by Shawn Hood , 2nd by Barrie Laing . Approved 7-0.
D. Review and discussion regarding the City Council Attendance Policy for Board Members – David
Morgan, City Manager
David discussed the currently policy. No action needed.
E. Consideration and approval of the February 21, 2022 GEDCO Minutes— Sharon Parker, Board Liaison
Page 4 of 30
GEDCO Minutes
March 21, 2022
Page 2 of 2
Motion to approve by Ron Garland , 2nd by Robert Hilton . Approved 7-0.
F. Discussion regarding the Staff Report -David Morgan, City Manager
• Performance Agreement Report
• Activity Report
• Other Staff Items
Michaela and Conchita presented the staff report. No action needed.
----GEDCO entered into Executive Session at 4:43 pm and returned to Regular Session at 4:54 pm-----
G. Action out of Executive Session.
Motion to approve Project Lonestar as discussed in executive session by Hugh Brown 2nd by
Barrie Laing Approved 7-0 .
Motion to adjourn by Kevin Cummins, 2nd by Ron Garland
Meeting adjourned at 4:55 pm
Barrie Lang, Secretary Kevin Cummins, President
Page 5 of 30
City of Georgetown, Texas
Georgetown Economic Development Corporation
April 18, 2022
S UB J E C T:
Dis cus s ion regarding the S taff R eport - David Morgan, G eorgetown C ity Manager
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.
Activity R eport
P erformanc e Agreement R eport
O ther S taff Items
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
S haron P arker
AT TAC H ME N T S:
Description Type
GEDCO Activity Report Backup Material
Active Project Report Backup Material
Page 6 of 30
Economic Development
Activity Report
April 2022
Page 7 of 30
Strategic Goal 1
Support existing businesses and industries
Page 8 of 30
33
Business Retention Activity
0
10
20
30
40
50
60
Ap
r
-
2
1
Ma
y
-
2
1
Ju
n
-
2
1
Ju
l
-
2
1
Au
g
-
2
1
Se
p
-
2
1
Oc
t
-
2
1
No
v
-
2
1
De
c
-
2
1
Ja
n
-
2
2
Fe
b
-
2
2
Ma
r
-
2
2
Visits Touches
Page 9 of 30
4
•Visiting a sampling of multifamily property managers/owners
•Transitioning development projects from recruitment to BRE
process (I.e. CelLink, GAMA, Onx)
•Process mapping compliance reporting for performance
agreements
•Staccato (formerly STI) moving to Jarrell
Additional Business Retention
Activity
Page 10 of 30
Strategic Goal 2
Enhance targeted recruitment of identified industries
Page 11 of 30
6
Leads Received
0
5
10
15
20
25
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY20 FY 21 FY22 Rolling 12-Month Average
Page 12 of 30
7
Qualified Leads
0
2
4
6
8
10
12
14
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY20 FY21 FY22 Rolling 12-Month Average
Page 13 of 30
8
Site Visits
0
1
2
3
4
5
6
7
8
9
10
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY20 FY 21 FY22 Rolling 12-Month Average
Page 14 of 30
9
Active Projects
0
10
20
30
40
50
60
70
80
90
Ap
r
-
2
1
Ma
y
-
2
1
Ju
n
-
2
1
Ju
l
-
2
1
Au
g
-
2
1
Se
p
-
2
1
Oc
t
-
2
1
No
v
-
2
1
De
c
-
2
1
Ja
n
-
2
2
Fe
b
-
2
2
Ma
r
-
2
2
Development Hot Warm Cool
Page 15 of 30
Strategic Goal 3
Diversify workforce development and recruitment initiatives
Page 16 of 30
11
•Preparing to have an in-person business expo/job fair in
partnership with the Chamber -tentatively July timeframe
•Working with GISD on high school job fair 4/28 and teacher
externship placement for summer
Workforce Development Activity
Page 17 of 30
Strategic Goal 4
Encourage speculative development
Page 18 of 30
13
•Continued working with landowners and developers on sites
including:
•Gateway35 Commerce
•CrossPoint (Jackson Shaw)
•Molto (Longhorn Junction)
•NorthPark35
•Portman Industrial (Longhorn Junction)
•Stonelake
•Woodgate
Speculative Development Activity
Page 19 of 30
Overarching Goal
Tell our story to a broader local audience
Page 20 of 30
15
•Planning the 2022 WilCo EDP Site Selector Fam tour
•Beginning updates to 2022 Community Profile (transitioning to digital)
•Re -branding marketing materials to match Georgetown's updated brand
standards
•Planning National Small Business Week Workshops (May 2-6, 2022)
•Completed the 2021 Economic Development Annual Report
Other Activity
Page 21 of 30
Economic Indicators
Page 22 of 30
1717
Unemployment Rate
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
Ma
r
2
1
Ap
r
i
l
2
1
Ma
y
2
1
Ju
n
e
2
1
Ju
l
y
2
1
Au
g
2
1
Se
p
t
2
1
Oc
t
2
1
No
v
2
1
De
c
2
1
Ja
n
2
2
Fe
b
2
2
Unemployment Rate Rolling 12-Month Average
Page 23 of 30
1818
Sales Tax Collections
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022
Page 24 of 30
1919
Hotel Occupancy Tax Collections
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
Oct Nov Dec Jan Feb Mar April May Jun Jul Aug Sep
FY17 FY18 FY19 FY20 FY21 FY22
Page 25 of 30
2020
Construction Permit Applications
0
200
400
600
800
1000
1200
1400
1600
Apr 21 May 21 Jun 21 Jul 21 Aug 21 Sept 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22
# of Permits Valuation
(in millions)
Page 26 of 30
2121
Certificates of Occupancy Issued
0
1
2
3
4
5
6
7
8
Ap
r
i
2
1
Ma
y
2
1
Ju
n
2
1
Ju
l
2
1
Au
g
2
1
Se
p
t
2
1
Oc
t
2
1
No
v
2
1
De
c
2
1
Ja
n
2
2
Fe
b
2
2
Ma
r
2
2
COs Issued Rolling 12-Month Average
Page 27 of 30
2222
Average Wage
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3
Page 28 of 30
Name Description Start Date
(Council
Approved)
End Date Estimated Expended
4871 Williams Dr., LLC (Sedro Crossing)Infrastructure reimbursement grant of
$250,000 to assist with improvements
(utilities and access points) for construction
of 89,500 square feet of commercial building
space.
3/26/2019 12/31/2023 $ 250,000
Atmos Gas Natural gas extension to NorthPark35 upon
confirmation of a signed user
6/8/2021 6/8/2024 $ 1,400,000
CelLink Infrastructure Reimbursement - Must invest
a minimum of $80,000,000 and remain in
Georgetown for 15 years
2/22/2022 2/22/2027 $ 2,500,000
CelLink Job Creation Grant - $3K for each job with an
average salary of $90K+, $2K for each job
with an average salary of $70K-$89K
2/22/2022 2/22/2027 $ 525,000
Champion Site Prep Infrastructure reimbursement grant
associated with the development of 30,000
SF headquarters facility representing a $13M
capital investment where the company shall
remain for at least 5 years.
1/28/2020 within 5 years
of the certificate
of occupancy
date
$ 500,000 $ 500,000
Cockrum Commercial (Sedro Crossing)Infrastructure reimbursement grant of
$250,000 to assist with improvements
(utilities and access points) for construction
of 60,000 square feet of new professional
office space on Williams Dr.
3/26/2019 12/31/2023 $ 250,000
Loram (GREX)$500,000 infrastructure reimbursement and
job retention/creation grant of $K per job, up
to $300K; must invest a minimum of $12M
and minimum average wages of $50K with
completion by 7/1/2024
2/23/2021 Five years from
CO
$ 800,000
Texas Speed & Performance Job creation grant of $2K per job up to 100
jobs in 5 years.
11/12/2019 11/12/2024 $ 200,000
GEDCO - AGREEMENTS STATUS REPORT
Page 1 of 5
Page 29 of 30
Name Description Start Date
(Council
Approved)
End Date Estimated Expended
GEDCO - AGREEMENTS STATUS REPORT
Titan NorthPark35, LLC Infrastructure reimbursement grant for
electric infrastructure costs related to the
speculative development of a master
planned industrial business park located at
SH130 & I35.
11/17/2020 Certificate of
Occupancy date
$1,900,000 $ 1,900,000
Titan NorthPark35, LLC
(Assigned from Motion Commercial
Properties)
Infrastructure reimbursement grant in
connection with the construction of 2 bldgs,
each $500K
Certificate of
occupancy date
10 year
anniversary of
start date
$ 1,000,000 $ 1,000,000
WBW Development Infrastructure reimbursement grant of
$200,000 for qualified expenditures and a
$120,000 job creation grant for the creation
of 30 jobs over 6 years related to the
development of their headquarters location
in Downtown Georgetown. (*First
Amendment effective 11/9/2021 establishes
Certificate of Occupancy issue date as
11/9/2021)
3/8/2019 11/9/2027
(within 6 years of
the certificate of
occupancy date.
CofO date=
11/9/2021)
$ 320,000
Page 2 of 5
Page 30 of 30