HomeMy WebLinkAboutAgenda_GEDCO_04.21.2014Notice of Meeting for the
Georgetown Economic Development Corporation And the Governing Body
of the City of Georgetown
April 21, 2014 at 3:30 PM
at in the City Council Chambers, located at 101 E. 7th Street, Georgetown, Texas
The City of Georgetown is committed to compliance with the Americans with Disabilities Act (ADA). If you
require assistance in participating at a public meeting due to a disability, as defined under the ADA, reasonable
assistance, adaptations, or accommodations will be provided upon request. Please 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.
Legislative Regular Agenda
A Consideration and possible action to elect officers to include President, Vice-President, and Secretary
consistent with Section 3.02 of the GEDCO Bylaws--Paul E. Brandenburg, General Manager
B Review and possible action related to the Day and Time of the GEDCO Board Meetings--Paul E.
Brandenburg, General Manager
C Discussion and possible action regarding the Project Progress Report, including Citicorp, Airborn,
Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery,
Difusion Technologies, Inc., Georgetown Independent School District (GISD), Texas Life Sciences
Collaboration Center (TLCC), 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 Consideration and approval of the minutes for Georgetown Economic Development Corporation for the
Regular Meeting held Monday, February 17, 2014--Hugh Brown, Secretary
E Consideration of the February 28, 2014 and March 31, 2014 Financial Reports-Micki Rundell, Finance
Manager
F 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.
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 financialinformation that the corporation has received from a
business prospect that the Georgetown Economic Development Corporation seeks to have locate, stay,
orexpand in or near the territory of the City of Georgetown and with which the Corporationis conducting
economic development negotiations; and/or deliberation regardingthe 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.
-Dispersol
-Plymouth Canton
I Section 551.071. CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related toagenda items and other matters in which the
duty of the attorney to theGeorgetown Economic Development Corporation under the Texas Disciplinary
Rulesof Professional Conduct of the State Bar of Texas.
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 __________________, 2014, 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
SUBJECT:
Consideration and possible action to elect officers to include President, Vice-President, and Secretary
consistent with Section 3.02 of the GEDCO Bylaws--Paul E. Brandenburg, General Manager
ITEM SUMMARY:
Pursuant to the GEDCO Bylaws, Section 3.02 Officers:
“The officers of the Corporation shall be a president, vice president, and secretary. The Board, at each
annual meeting, which shall normally occur in the first meeting in March of each year, shall elect these
officers. The Board may appoint such other officers as it deems necessary, who shall have the authority,
and shall perform such duties as from time to time may be prescribed by the Board.”
Accordingly, the Board is requested to elect officers as outlined in its Bylaws.
FINANCIAL IMPACT:
None
SUBMITTED BY:
Paul E. Brandenburg, General Manager
City of Georgetown, Texas
SUBJECT:
Review and possible action related to the Day and Time of the GEDCO Board Meetings--Paul E.
Brandenburg, General Manager
ITEM SUMMARY:
In accordance with the GEDCO Bylaws, Section 2.03 REGULAR MEETING; PLACE OF MEETING:
“The Board shall meet on a regular basis, at a specified time, day, and location as approved annually by
the Board. Scheduled meeting times will be properly posted for public notification for regular and special
called meetings as necessary. The president of the Board may cancel the meeting if there is no business to
be conducted.”
Currently, the GEDCO Board meets on the third Monday of each month at 3:30 p.m. in the City Council
Chambers located at 101 E. 7th Street, Georgetown, Texas.
Pursuant to the Bylaws, the Board is required to review the meeting schedule annually and determine a
meeting schedule.
ATTACHMENTS
1. Current Meeting Schedule March 2014 through February 2015.
FINANCIAL IMPACT:
None
SUBMITTED BY:
Paul E. Brandenburg, General Manager
ATTACHMENTS:
Description Type
Current Meeting Schedule Backup Material
GEORGETOWN ECONOMIC DEVELOPMENT CORPORATION
EVERY 3RD MONDAY OF THE MONTH AT 3:30 P.M.
IN THE CITY COUNCIL CHAMBERS
LOCATED AT 101 E. 7TH STREET, GEORGETOWN, TEXAS
PROPOSED MEETING SCHEDULE
March 17, 2014 – Canceled
April 21, 2014
May 19, 2014
June 16, 2014
July 21, 2014
August 18, 2014
September 15, 2014
October 20, 2014
November 17, 2014
December 15, 2014
January 19, 2015
February 16, 2015
City of Georgetown, Texas
SUBJECT:
Discussion and possible action regarding the Project Progress Report, including Citicorp, Airborn, Enflite,
Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, Georgetown Winery, Difusion
Technologies, Inc., Georgetown Independent School District (GISD), Texas Life Sciences Collaboration
Center (TLCC), 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:
None
SUBMITTED BY:
Paul E. Brandenburg, General Manager and Mark Thomas, Economic Development Director
ATTACHMENTS:
Description Type
Project Update Backup Material
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 is $144,000 on completion of facility.
8/12/2008 and
3/10/2009
Funded $144,000 in
May 2009
Yes. Final Compliance
Date is in 2013. No
Airborn II
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. Did not meet job
numbers in 2011 or
2012, therefore, no
payment in those years.
Final compliance 2014 No
Radix BioSolutions, Ltd.
Provide 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
Provide 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
GEDCO PROJECT UPDATE AND STATUS REPORT
April 21, 2014
Project Project Description
Approved by
Council Funded Monitoring Compliance Closed
GEDCO PROJECT UPDATE AND STATUS REPORT
April 21, 2014
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 onNovember 18,
2013.9/17/2012 Partially Funded.
Yes. Final Compliance
based on life of
equipment. No
Texas Life Sciences Collaboration Center
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 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 Not Funded
Yes. Final Compliance
December 31, 2014 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.
City of Georgetown, Texas
SUBJECT:
Consideration and approval of the minutes for Georgetown Economic Development Corporation for the
Regular Meeting held Monday, February 17, 2014--Hugh Brown, Secretary
ITEM SUMMARY:
ATTACHMENTS:
1. Draft Minutes for the Regular Meeting held Monday, February 17, 2014
FINANCIAL IMPACT:
None
SUBMITTED BY:
Hugh Brown, Secretary
ATTACHMENTS:
Description Type
GEDCO Minutes - February 17, 2014 Backup Material
City of Georgetown, Texas
SUBJECT:
Consideration of the February 28, 2014 and March 31, 2014 Financial Reports-Micki Rundell, Finance
Manager
ITEM SUMMARY:
See Attachment
FINANCIAL IMPACT:
None
SUBMITTED BY:
Micki Rundell, Finance Manager
ATTACHMENTS:
Description Type
Financial Reports Backup Material
City of Georgetown, Texas
SUBJECT:
Action out of Executive Session.
ITEM SUMMARY:
FINANCIAL IMPACT:
None
SUBMITTED BY:
Bridget Chapman, City Attorney
City of Georgetown, Texas
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:
None
SUBMITTED BY:
Bridget Chapman, City Attorney
City of Georgetown, Texas
SUBJECT:
Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS.
Deliberation regarding commercial or financialinformation that the corporation has received from a
business prospect that the Georgetown Economic Development Corporation seeks to have locate, stay,
orexpand in or near the territory of the City of Georgetown and with which the Corporationis conducting
economic development negotiations; and/or deliberation regardingthe 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.
-Dispersol
-Plymouth Canton
ITEM SUMMARY:
FINANCIAL IMPACT:
To Be Discussed in Executive Session
SUBMITTED BY:
Bridget Chapman, City Attorney
City of Georgetown, Texas
SUBJECT:
Section 551.071. CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related toagenda items and other matters in which the
duty of the attorney to theGeorgetown Economic Development Corporation under the Texas Disciplinary
Rulesof Professional Conduct of the State Bar of Texas.
ITEM SUMMARY:
FINANCIAL IMPACT:
None
SUBMITTED BY:
Bridget Chapman, City Attorney