HomeMy WebLinkAboutAgenda_GEDCO_05.16.2022Notice of Meeting for the
Georgetown E conomic Dev elopment Corporation
of the City of Georgetown
May 16, 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
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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 April 18, 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 Element
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 31
__________, 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 31
City of Georgetown, Texas
Georgetown Economic Development Corporation
May 16, 2022
S UB J E C T:
C onsideration and approval of the April 18, 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 31
GEDCO Minutes
April 18, 2022
Page 1 of 1
Minutes of the Meeting of the
Georgetown Economic Development Corporation
City of Georgetown, Texas
April 18, 2022
The Georgetown Economic Development Corporation of the City of Georgetown, TX, met on Monday, April 18, 2022 at
4:00 PM at City Hall, 808 Martin Luther King Jr Street, Georgetown, Texas
Members
Present: Hugh Brown, Ron Garland, Steve Fought, Kevin Cummins, and Barrie Laing
Members
Absent: Robert Hilton and Shawn Hood
Staff
Present:
Laurie Brewer, Assistant City Manager, Nick Woolery, Assistant City Manager, Michaela Dollar, Director
of Economic Development, and Sharon Parker, Board Liaison.
Guest
Present:
MINUTES
Meeting called to Order at 4:02 pm
A. Call to Order – Kevin Cummins, Board President
Meeting was called to order at 4:02 pm.
B. Consideration and approval of the March 21, 2022 GEDCO Minutes— Sharon Parker, Board Liaison
Motion to approve by Hugh Brown , 2nd by Ron Garland . Approved 5-0 Robert Hilton and
Shawn Hood absent.
C. Discussion regarding the Staff Report -David Morgan, City Manager
• Performance Agreement Report
• Activity Report
• Other Staff Items
Michaela presented the staff report. No action needed.
----GEDCO entered into Executive Session at 4:28 pm and returned to Regular Session at 4:38 pm-----
D. Action out of Executive Session.
Motion to approve Project Man of Steel as discussed in executive session by Barrie Laing
2nd by Hugh Brown Approved 5-0 Robert Hilton and Shawn Hood absent .
Motion to adjourn by Kevin Cummins, 2nd by Barrie Laing
Meeting adjourned at 4:39 pm
Barrie Lang, Secretary Kevin Cummins, President
Page 4 of 31
City of Georgetown, Texas
Georgetown Economic Development Corporation
May 16, 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
Active Project Report Backup Material
Activity Report Backup Material
Page 5 of 31
Name Description Start Date
(Council
Approved)
End Date Estimated
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 12/21/2026
(within 5 years
of the certificate
of occupancy
date
$ 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
KJ Scientific Retention/expansion grant of the equipment
obtained in the TLCC brand acquisition to KJ
Scientific valued at $50K. 2/27/2018 12/31/2022 $ 50,000.00
GEDCO - AGREEMENTS STATUS REPORT
Page 6 of 31
Name Description Start Date
(Council
Approved)
End Date Estimated
GEDCO - AGREEMENTS STATUS REPORT
Loram (GREX)$500,000 infrastructure reimbursement and
job retention/creation grant of $1K 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 9/30/2031
11/12/2024
$ 200,000
Texas Outdoor Power Equipment Infrastructure reimbursement grant totaling
up to $500K for construction of 2 buildings in
2 phases (1-headquarters; 2-spec) and to be
paid in two equal installments upon
completion of each phase of construction.
Company agrees to dedicate right-of-way for
the extension of Aviation Drive.
1/15/2021 date of second
installment
payment
$ 500,000
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
Titan NorthPark35, LLC
(Assigned from Motion Commercial
Properties)
Infrastructure reimbursement grant in
connection with the construction of 2 bldgs,
each $500K
9/30/2021
(Certificate of
occupancy date)
10 year
anniversary of
start date
$ 1,000,000
Page 7 of 31
Name Description Start Date
(Council
Approved)
End Date Estimated
GEDCO - AGREEMENTS STATUS REPORT
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 8 of 31
Economic Development
Activity Report
May 2022
Page 9 of 31
Strategic Goal 1
Support existing businesses and industries
Page 10 of 31
33
Business Retention Activity
0
10
20
30
40
50
60
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
Ap
r
-
2
2
Visits Touches
Page 11 of 31
4
•Incentive agreement compliance reporting
•Promoted Georgetown Small Business Week workshops and
networking events
Additional Business Retention Activity
Page 12 of 31
Strategic Goal 2
Enhance targeted recruitment of identified industries
Page 13 of 31
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 14 of 31
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 15 of 31
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 16 of 31
9
Active Projects
0
10
20
30
40
50
60
70
80
90
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
Ap
r
-
2
2
Development Hot Warm Cool
Page 17 of 31
10
Recruitment Activity
•GAMA Distribution Groundbreaking
•ONX Homes Groundbreaking
Page 18 of 31
Strategic Goal 3
Diversify workforce development and recruitment initiatives
Page 19 of 31
12
Workforce Development Activity
•Job Fair &Business Expo 7/21
Page 20 of 31
Strategic Goal 4
Encourage speculative development
Page 21 of 31
14
•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 22 of 31
Overarching Goal
Tell our story to a broader local audience
Page 23 of 31
16
Other Activity
•WilCo EDP Site Selector Fam Tour
•Red Poppy Festival
•ULI Marketplace
•Presented to Century 21
Page 24 of 31
Economic Indicators
Page 25 of 31
1818
Unemployment Rate
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
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
Ma
r
2
2
Unemployment Rate Rolling 12-Month Average
Page 26 of 31
1919
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 27 of 31
2020
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 28 of 31
2121
Construction Permit Applications
0
200
400
600
800
1000
1200
1400
1600
May 21 Jun 21 Jul 21 Aug 21 Sept 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22
# of Permits Valuation
(in millions)
Page 29 of 31
2222
Certificates of Occupancy Issued
0
1
2
3
4
5
6
7
8
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
Ap
r
i
2
2
COs Issued Rolling 12-Month Average
Page 30 of 31
2323
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 2021Q4
Page 31 of 31