HomeMy WebLinkAboutAgenda_GEDCO_06.15.2020Notice of Meeting for the
Georgetown E conomic Dev elopment Corporation
of the City of Georgetown
June 15, 2020 at 4:00 P M
at Georgetown P ublic L ibrary - Hewlett Room - 402 W 8th Street, Georgetown, Texas
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.
C O V I D-19 Spec ial N otic e
P lease note that a quorum of the Ge orge town E c onomic D evelopment
Cor por ation may not all be pr esent at the same physic al location. Some
membe rs may instead par tic ipate in this me eting from one or more re mote
locations in an e ffort to advance the public he alth goal of limiting fac e to face
mee tings and to c ontain the spr ead of C O V I D-19. In addition, ther e may be
oc casions whe n the audio transmission may not be c le ar or may be
inte rr upted. In those instance s, the mee ting will continue so long as a quorum
is still pre se nt.
With the Gover nor ’s O rder, all C ity B uildings ar e following these
proc edur es:
M asks are re comme nded
P hysical distancing; 6 fee t be twe en you and anyone not in your
household
P r actice good hygie ne and wash your hands
If any of the se apply, do not visit: known close contact with C O V I D -19
P e rson, fever gre ater or e qual to 100.0 degr ee s F ahre nheit, diffic ulty
bre athing or shortness of br eath, cough, loss of taste or smell, sore
throat, c hills, headache, diar rhea or musc le pain.
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 R eview and dis cus s ion regarding the F ourth Amended Bylaws for G EDC O approved by the C ity
C ounc il on Dec ember 8, 2015 and the Articles of Amendment for G EDC O approved by the C ity C ouncil
on Dec ember 8, 2015 related to Board Members hip --David Morgan, C ity Manager
B R eview and pos s ible ac tion related to the Day and Time of the G EDC O Board Meetings --David Morgan,
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C ity Manager
C R eview and dis cus s ion regarding the C ity C ouncil Attendanc e P olic y for Board Members --David
Morgan, C ity Manager
D C ons ideration and approval of the F eb 17, 2020 G EDC O minutes--Hugh Brown, S ecretary
E C ons ideration and approval of the March 30, 2020 S pecial G EDC O meeting minutes --Hugh Brown,
S ec retary
F C ons ideration of the F ebruary 1 - May 31, 2020 financ ial report. -- Leigh Wallac e, F inance Manager,
G EDC O , F inanc e Direc tor, C O G .
G Disc ussion and possible action regarding the S taff R eport – David Morgan, C ity Manager
• P erformance Agreement R eport
• Activity R eport
• O ther S taff Items
H 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.
I Sec. 551.071: C ON S ULTAT ION WIT H AT TOR N E Y
C ons ultation with attorney regarding legal is s ues related to agenda items and other matters in whic h (1)
when the governmental body s eeks the advice of its attorney about: (A) pending or c ontemplated litigation;
or (B) a settlement offer; or (2) on a matter in whic h the duty of the attorney to the governmental body
under the Texas Dis ciplinary R ules of P rofessional C onduc t of the S tate Bar of Texas c learly conflicts
with this chapter - C harlie Mc Nabb, C ity Attorney
J Section 551.072. D E LIB E R AT ION R E G AR D IN G R E AL P R O P E RT Y
Disc ussion and possible action to deliberate the purchas e,exchange, leas e or value of real property for
purpos es authorized by the Development C orporation Act whic h dis cus s ion in open s es s ion would have a
detrimental effec t on negotiations with third persons .
K 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.
Adjournment
Adjourn
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 _________________, 2020, at
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__________, 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
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City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
R eview and disc ussion regarding the F ourth Amended Bylaws for G EDC O approved by the C ity C ounc il
on December 8, 2015 and the Artic les of Amendment for G EDC O approved by the C ity C ounc il on
December 8, 2015 related to Board Membership --David Morgan, C ity Manager
IT E M S UMMARY:
In 2015, C ity C ouncil approved changes to the board membership requirements of the G eorgetown
Economic Development C orporation (G EDC O ) Board to require that a minimum of two (2) of the s even
(7) directors be current C ity C ouncil Members. G EDC O Bylaws and Articles of Inc orporation were
amended to reflect the changes and G EDC O acc epted the c hanges in Marc h 2016. T here have been no
additional c hanges s inc e that time. Each year, G EDC O is asked to review thes e doc uments.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
David Morgan, C ity Manager
AT TAC H ME N T S:
Description Type
Res 120815-F Cover Memo
Res 120815-G Cover Memo
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City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
R eview and possible action related to the Day and Time of the G EDC O Board Meetings--David Morgan,
C ity Manager
IT E M S UMMARY:
In ac cordance with the G EDC O Bylaws, S ec tion 2.03 R EG ULAR MEET I NG ; P LAC E O F
MEET I NG
“T he Board s hall meet on a regular bas is , at a spec ified time, day, and location as approved annually by the
Board. S c heduled meeting times will be properly pos ted for public notification for regular and s pecial
called meetings as necessary. T he pres ident of the Board may c anc el the meeting if there is no bus iness to
be c onducted.”
C urrently, the G EDC O Board meets on the third Monday of each month at 4:00 p.m. in the C ity Hall
C ommunity R oom, loc ated at 808 Martin Luther King Jr. S t., G eorgetown, Texas 78626.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
David Morgan, C ity Manager
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City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
R eview and disc ussion regarding the C ity C ounc il Attendance P olicy for Board Members--David Morgan,
C ity Manager
IT E M S UMMARY:
S ection 2.07 Attendance of the Bylaws of the G eorgetown Economic Development C orporation states:
“Board Members are required to attend 75% of regularly s cheduled Board Meetings . Exc es s ive
abs enteeis m will be s ubjec t to action under C ounc il polic y.”
Additionally, C hapter 2.36 C I T Y C O MMI S S I O NS , C O MMI T T EES , AND BO AR DS , S ection
2.36.010(D) – Duties of Members of the C ity of G eorgetown C ode of O rdinanc es , als o addresses the
C ity C ounc il’s polic y on attendance for Board Members :
S EC 2.36.010 DUT I ES O F C O MMI S S I O N, C O MMI T T EE & BO AR D MEMBER S
“D. Attendance by Members is integral to succ es s of the c ommis s ion, c ommittee or board. It is C ouncil
policy to require a minimum of 75 perc ent attendanc e of each Member at eac h regularly s cheduled meeting
inc luding s ubc ommittee meetings . A Member shall be allowed two excus ed absences for the Member's
pers onal medical care, required medic al c are of a Member's immediate family member (as defined by C ity
O rdinanc e), or Member's military S ervic e that shall not count against the 75 perc ent attendanc e
requirement. Written notic e shall be s ent to a Member and the Member's C ity C ouncil repres entative when
it appears the Member may violate the attendance policy by being abs ent from more than 25 percent of
regularly s cheduled meetings, including subcommittee meetings. Excessive absenteeism may res ult in the
Member being replac ed by the C ouncil. If a Member is removed from a c ommittee, commission or board,
that pos ition shall be cons idered vacant and a new Member s hall be appointed to the Board in ac cordance
with S ection 2.36.040”
T he C ity S ecretary and the Mayor review attendanc e and determine if warning or removal letters need to be
s ent to a Member that is in danger of or has violated the 75% C ounc il mandated attendance policy.
Abs enc es are exc used for medic al reasons or military reasons . C ity C ounc il and S taff Liaisons are notified
if any letters are s ent to a Member.
Abs enc es for any S pec ial Meetings that are sc heduled do not c ount toward the 75% Attendance P olicy.
T he C ity of G eorgetown values the volunteers that s erve on its C ommis s ions, C ommittees or Boards and
is fortunate to have a multitude of citizens who apply to be a part of the public process by s erving on them.
Acc ordingly, it is very important that the members who are appointed to be on a C ity of G eorgetown
C ommis s ion, C ommittee or Board understand the importanc e of their attendanc e and their partic ipation at
the regularly sc heduled meetings of thes e C ommission, C ommittee or Board meetings.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
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David Morgan, C ity Manager
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City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
C onsideration and approval of the F eb 17, 2020 G EDC O minutes --Hugh Brown, S ec retary
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Board Liais on
AT TAC H ME N T S:
Description Type
2/17/20 Minutes Cover Memo
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GEDCO Minutes
February 17, 2020
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Minutes of the Meeting of the
Georgetown Economic Development Corporation
City of Georgetown, Texas
February 17, 2020
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday February 17,
2020.
Members
Present: Steve Bohnenkamp, Kevin Cummins, Hugh Brown, Valerie Nicholson, Ron Garland, Tom Menke
Members
Absent: Steve Fought
Staff
Present:
Michaela Dollar, Director of Economic Development; Paul Diaz, Budget Manager; Danella Elliott, CMO;
Laurie Brewer, Assistant City Manager; Conchita Gusman, Business Retention Manager, Sofia Nelson,
Planning Director, Susan Watkins, Housing Coordinator
Guest
Present:
MINUTES
Called to Order at 4:01 pm
Steve Bohnenkamp thanked Tom Meinke for his service and informed the board this was his last meeting. Tom
said he had enjoyed his time on the board, but he was retiring from Dell and taking a break. Best wishes to Tom!
A. Consideration and approval of the minutes for the Georgetown Economic Development Corporation
Meeting held on December 16, 2019--Hugh Brown, Secretary
Motion to approve by Hugh Brown, 2nd by Ron Garland. Approved 4-0 (Fought absent; Nicholson absent for vote
but arrived at 4:08 pm)
B. Presentation, discussion and possible action on the draft 2030 Plan Update – Sofia Nelson, Planning
Director & Susan Watkins, Housing Coordinator
Sofia provided an overview and presentation on the draft 2030 Plan and Susan Watkins gave an overview of the
housing elements. No voting needed.
C. Consideration of the January 31, 2019 financial report--Leigh Wallace, Finance Manager, GEDCO,
Finance Director, COG.
Paul Diaz reviewed the financial report. No voting needed.
C. Discussion and possible action regarding the Staff Report -- David Morgan, City Manager
• Performance Agreement Report
• Activity Report
• Other Staff Items
Michaela Dollar reviewed the performance agreement report. Michaela Dollar also reviewed the activity report.
No voting needed.
Michaela asked the members to tentatively mark March 9th for the next meeting, as the regular date falls during
Spring Break. Confirmation of the date will be sent later. She also informed the members that Amy Mertink had
accepted another position within the City and will not be the staff liaison any more.
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GEDCO Minutes
February 17, 2020
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Michaela noted GISD Accountability Workshops on February 27th and March 2nd at 6:00 pm and also mentioned a
Strategic Plan Update on February 25th at 2:00 pm.
-----GEDCO entered into Executive Session at 5:09 pm and returned to Regular Session at 5:48 pm-----
D. Action out of Executive Session.
Motion to approve incentives for Project Tortilla as discussed in executive session by Tom Menke, 2nd by Ron
Garland, approved 6-0
Meeting adjourned at 5:50 pm
Attest:
Hugh Brown, Secretary Steve Bohnenkamp, President
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City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
C onsideration and approval of the Marc h 30, 2020 S pec ial G EDC O meeting minutes --Hugh Brown,
S ecretary
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Mic haela Dollar
AT TAC H ME N T S:
Description Type
3-30-20 Minutes Cover Memo
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GEDCO Minutes
February 17, 2020
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Minutes of the Meeting of the
Georgetown Economic Development Corporation
City of Georgetown, Texas
March 30, 2020
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday March 30,
2020 for a special meeting via Videoconference. Members, Staff & Guest Present participated solely through
Videoconference.
Members
Present:
Steve Bohnenkamp, Steve Fought, Hugh Brown, Valerie Nicholson, Ron Garland, Barrie Laing
Members
Absent:
Kevin Cummins
Staff
Present:
Michaela Dollar, Director of Economic Development; Conchita Gusman, Business Retention
Manager, Kim McAuliffe, Downtown Development Manager
Guest
Present: Jim Johnson, President, Georgewton Chamber of Commerce
MINUTES
Called to Order at 4:01 pm
A. Consideration and Possible Action on a COVID-19 Small Business Assistance Grant Program—Michaela
Dollar, Director of Economic Development & Jim Johnson, President, Georgetown Chamber of Commerce
Michaela Dollar made a presentation overviewing the grant program and answered questions.
Motion to approve by Ron Garland, 2nd by Valerie Nicholson. Approved 6-0 (Cummins absent)
-----There was no Executive Session held at this meeting-----
Motion to adjourn by Hugh Brown, 2nd by Steve Bohnenkamp. Meeting adjourned at 4:27 pm
Attest:
Hugh Brown, Secretary Steve Bohnenkamp, President
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City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
C onsideration of the F ebruary 1 - May 31, 2020 financial report. -- Leigh Wallace, F inanc e Manager,
G EDC O , F inance Director, C O G .
IT E M S UMMARY:
T he c orporate bylaws require the F inance Manager to pres ent the monthly financ ial reports to the Board.
Included in these reports will be:
F inancial reports
S ales Tax revenues
Monthly expenditures
Any other relevant financial information
S ales tax revenue is two months in arrears ; therefore the revenues reflect only the amount rec eived, not
actually earned, as of the report date. A report on payments made to vendors in the month of July is also
inc luded.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Leigh Wallace, F inanc e Direc tor
AT TAC H ME N T S:
Description Type
Financial Report Cover Memo
Budget Report Cover Memo
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F GEDCO Monthly Report
GEDCO MONTHLY REPORT AS OF MAY 31, 2020
Please note the May period is still open. These figures are preliminary and unaudited.
Operating revenue is comprised of sales tax and allocated interest. Sales tax revenue is budgeted at $1.98 million and
is two months in arrears. Through the period, the City has received seven months of sales tax collection and totals
$1,020,444. In May as businesses could open at 25% capacity, we anticipate seeing sales tax revenues rise through
the summer. The City was trending very strong for the first five months of the fiscal year. Year to date, sales tax is up
11.13% compared to the same period in FY2019. The strong first five months of revenues was contributed to one-
time in nature payments, new businesses, and seeing growth in the community. Allocated interest revenue totals
$73,482.
Operating expense includes administrative charges, marketing costs, and special services. Administrative charges
spent year to date is 49.99% of budget. Marketing efforts total $69,604, or 69.60% of budget.
Non-operating revenue This fund will not be issuing any debt in FY2020.
Non-operating expense is budgeted at $9.17 million and includes funding for debt service, known economic
development projects, as well as funding for new economic development projects which may occur through the fiscal
year. Through the month, non-operating expenses include $356,235 for Holt Cat and $243,674 for Atmos Energy
related projects. GEDCO debt service payments total $41,334.
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APPROVED
BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 8,305,736 8,305,736
OPERATING REVENUES
Sales Tax 1,984,375 169,121 1,020,444 1,984,375
Interest 76,000 2,477 73,482 76,000
OPERATING REVENUES Total 2,060,375 171,597 1,093,926 2,060,375
OPERATING EXPENDITURES
Administrative Charges 244,771 - 122,385 244,771
Marketing 100,000 - 69,604 100,000
Contractual Services 30,550 - 20,172 30,550
OPERATING EXPENDITURES Total 375,321 - 212,161 375,321
TOTAL NET OPERATIONS 1,685,054 171,597 881,764 1,685,054
NON-OPERATING EXPENDITURES
Debt Service 291,364 - 41,334 291,364
Economic Development Agreements 8,597,620 - 599,909 8,597,620
CIP 290,000 - - 290,000
NON-OPERATING EXPENDITURES Total 9,178,984 - 641,243 9,178,984
TOTAL NET NON-OPERATIONS (9,178,984) - (641,243) (9,178,984)
EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL
REQUIREMENTS (7,493,930) 171,597 240,521 (7,493,930)
ENDING FUND BALANCE 811,806 240,521 811,806
Contingency 489,298 489,298 489,298
Debt Service 210,318 210,318
AVAILABLE FUND BALANCE 112,190 112,190
Georgetown Economic Development Corporation Fund
Year-End Projections to Approved: May FY2020
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City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
Dis cus s ion and pos s ible ac tion regarding the S taff R eport – David Morgan, C ity Manager
• P erformanc e Agreement R eport
• Ac tivity R eport
• O ther S taff Items
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.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
David Morgan, C ity Manager
AT TAC H ME N T S:
Description Type
Performance Agreement Update Cover Memo
Activity Report - June 2020 Cover Memo
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Name Description
Start Date (Council
Approved)End Date $ Encumbered $ Expended
Radiation Detection Corporation
Grant for Qualified Expenditures and job creation
related to the relocation of the corporate offices to
Georgetown. 7/23/2013 12/31/2021 320,000$ $ 320,000
KJ Scientific (KJS)
Provide a grant of the equipment obtained in the
TLCC brand acquisition to KJ Scientific (KJS) to
retain the business in Georgetown.The retention
equipment grant is for five years with KJS obligated
to pay a pro-rated amount of $10,000 per year
should they relocate outside of the City.2/27/2018 12/31/2022 $ 50,000 $ 50,000.00
Holt Caterpillar
GEDCO to provide up to $360,000
infrastructure grant for fire suppression system
pump house installation.9/10/2019 360,000$ 356,235$
Georgetown Development I, LLC
Infrastructure reimbursement grant of $500,000 for
qualified expenditures related to the development
of 90,000 SF of speculative business park space in
Georgetown at the Westinghouse Business Center.10/9/2018 6/1/2021 500,000$
WBW Development
Infrastructure reimbursement grant of $200,000 for
qualified expenditures and a $120,000 job creation
grant for the creation of 30 jobs over 6 years
related to the development of their headquarters
location in Downtown Georgetown.2/12/2019
within 6 years of
the certificate of
occupancy date 320,000$
Confido III, LLC
Infrastructure reimbursement grant for $600,000
to assist with construction of an access road and
turn lane to maintain access to the Georgetown
airport as area land development continues.3/8/2019 3/31/2022 600,000$
4871 Williams Dr., LLC (Sedro Crossing)
Infrastructure reimbursement grant of $250,000 to
assist with improvements (utilities and access
points) for construction of 89,500 square feet of
commercial building space.3/26/2019 12/31/2023 250,000$
GEDCO - AGREEMENTS STATUS REPORT
June 16, 2020
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Name Description
Start Date (Council
Approved)End Date $ Encumbered $ Expended
GEDCO - AGREEMENTS STATUS REPORT
June 16, 2020
Cockrum Commercial (Sedro Crossing)
Infrastructure reimbursement grant of $250,000 to
assist with improvements (utilities and access
points) for construction of 60,000 square feet of
new professional office space on Williams Dr.3/26/2019 12/31/2023 250,000$
Atmos Energy
Infrastructure reimbursement grant of $148,499.36
for the installation of 776 feet gas main along 7th,
8th, and 9th streets.4/6/2019 148,499$ 143,674$
Texas Speed & Performance
Job creation grant of $2K per job up to 100 jobs in 5
years.11/12/2019 11/12/2024 200,000$
Motion Commercial Properties
Infrastructure reimbursement grant in connection
with the construction of 2 bldgs:
$500K infrastructure reimbursement bldg #1
$500K infrastructure reimbursement bldg #2
Certificate of
occupancy issue
date
10 year
anniversary of
start date
$1,000,000
---------
Atmos Energy (Lakeway Extension)
Extension of natural gas line for any GEDCO
applicable project 12/10/2019 12/10/2024 400,000$
Costco
Agreement to partner with Atmos for natural gas
line extension and reimbursement of cost to
GEDCO by Costco if retail store construction is not
completed.12/10/2019 12/10/2024 N/A
Champion Site Prep
Infrastructure reimbursement grant associated
with the development of 30,000sf headquarters
facility representing a $13M capital investment
where the company shall remain for at least 5
years..1/28/2020
within 5 years of
the certificate of
occupancy date 500,000$
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Economic Development
Activity Report
June 2020
Strategic Goal 1
Support existing businesses
and industries
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0
10
20
30
40
50
60
70
80
90
Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20 Mar 20 Apr 20 May 20
Business Retention Activity
Visits Assistance Requests Touches
Business Retention Activity
• Small Business Program
– Online Guide
– Georgetown Small Business Week Workshops
– Small Business Grant Programs
– Summer Shop Small event
• Continuous outreach to companies, including survey
respondents
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Strategic Goal 2
Enhance targeted recruitment
of identified industries
0
2
4
6
8
10
12
14
16
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Leads
FY18 FY19 FY20 Rolling 12-Month Average
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0
2
4
6
8
10
12
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Qualified Leads
FY18 FY19 FY20 Rolling 12-Month Average
0
2
4
6
8
10
12
14
Ju
n
1
9
Ju
l
1
9
Au
g
1
9
Se
p
1
9
Oc
t
1
9
No
v
1
9
De
c
1
9
Ja
n
2
0
Fe
b
2
0
Ma
r
2
0
Ap
r
2
0
Ma
y
2
0
Qualified Leads Comparison
Leads Qualified
We have qualified for an average of 60% of leads over the last 12 months.
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0
1
2
3
4
5
6
7
8
9
10
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Site Visits
FY18 FY19 FY20 Rolling 12-Month Average
0
10
20
30
40
50
60
70
80
90
Ju
n
1
9
Ju
l
1
9
Au
g
1
9
Se
p
1
9
Oc
t
1
9
No
v
1
9
De
c
1
9
Ja
n
2
0
Fe
b
2
0
Ma
r
2
0
Ap
r
2
0
Ma
y
2
0
Active Projects
Development Hot Warm Cold
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Recruitment Activity
• Preparing direct targeting campaign outreach for late
summer
• Putting together framework for virtual site visits to
use in outreach
• Continued lead generation with ROI, Inc. and have
had several virtual visits with companies (may be the
new norm for a while)
• Most trade shows and recruitment trips for the
remainder of the year have been cancelled
Strategic Goal 3
Diversify workforce development
and recruitment initiatives
Page 45 of 56
Workforce Development Activity
• Coordinated with GISD and Chamber on virtual
student events for:
– Health Sciences
– Automotive
– Criminal Justice
–Business
• Promoted the Rural Area Capital’s virtual job fair
• Working with Rural Area Capital and GISD for a virtual
career fair
• Planning Manufacturing Day with GISD and Chamber
Strategic Goal 4
Encourage speculative
development
Page 46 of 56
Speculative Development Activity
• Continuing to work with prospective industrial
speculative developers
• Working with existing projects through development
process
• Looking for proactive infrastructure scenarios
Overall Objective
Tell our story to a
broader local audience
Page 47 of 56
Other Activity
• Updated target industry brochures with new
demographics
• Participated as a panelist on a ULI webinar
Economic Indicators
Page 48 of 56
-
200
400
600
800
1,000
1,200
1,400
1,600
$-
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
$350.0
$400.0
Ma
y
1
9
Ju
n
1
9
Ju
l
1
9
Au
g
1
9
Se
p
1
9
Oc
t
1
9
No
v
1
9
De
c
1
9
Ja
n
2
0
Fe
b
2
0
Ma
r
2
0
Ap
r
2
0
Construction Permit Applications
Valuation
(in millions)
# of Permits
-
200
400
600
800
1,000
1,200
1,400
1,600
$-
$100.0
$200.0
$300.0
$400.0
$500.0
$600.0
$700.0
$800.0
Ju
n
1
9
Ju
l
1
9
Au
g
1
9
Se
p
1
9
Oc
t
1
9
No
v
1
9
De
c
1
9
Ja
n
2
0
Fe
b
2
0
Ma
r
2
0
Ap
r
2
0
Ma
y
2
0
Construction Permit Applications
Valuation
(in millions)
# of Permits
0
2
4
6
8
10
12
14
16
Ap
r
1
9
Ma
y
1
9
Ju
n
1
9
Ju
l
1
9
Au
g
1
9
Se
p
1
9
Oc
t
1
9
No
v
1
9
De
c
1
9
Ja
n
2
0
Fe
b
2
0
Ma
r
2
0
Certificates of Occupancy Issued
0
2
4
6
8
10
12
14
16
Ju
n
1
9
Ju
l
1
9
Au
g
1
9
Se
p
1
9
Oc
t
1
9
No
v
1
9
De
c
1
9
Ja
n
2
0
Fe
b
2
0
Ma
r
2
0
Ap
r
2
0
Ma
y
2
0
Certificates of Occupancy Issued
Page 49 of 56
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
Oc
t
No
v
De
c
Ja
n
Fe
b
Ma
r
Ap
r
Ma
y
Ju
n
Ju
l
Au
g
Se
p
Sales Tax Collections
FY 2017 FY 2018 FY 2019 FY 2020
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
Oc
t
No
v
De
c
Ja
n
Fe
b
Ma
r
Ap
r
Ma
y
Ju
n
Ju
l
Au
g
Se
p
Sales Tax Collections
FY 2017 FY 2018 FY 2019 FY 2020
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
Ap
r
1
9
Ma
y
1
9
Ju
n
1
9
Ju
l
1
9
Au
g
1
9
Se
p
1
9
Oc
t
1
9
No
v
1
9
De
c
1
9
Ja
n
2
0
Fe
b
2
0
Ma
r
2
0
Ap
r
2
0
Unemployment Rate
Unemployment Rate Rolling 12-Month Average
Page 50 of 56
-100%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
Retail Trips Percentage Change YOY
Shopping Centers Apparel Fast Food Grocery
Home Improvement Sit-Down Restaurants Superstores
2/
2
4
–
3
/
1
3/
2
–
3
/
8
3/
9
–
3
/
1
5
3/
1
6
–
3
/
2
2
3/
2
3
–
3
/
2
9
3/
3
0
–
4
/
5
4/
6
–
4
/
1
2
4/
1
3
–
4
/
1
9
4/
2
0
–
4
/
2
6
4/
2
7
–
5
/
3
5/
4
–
5
/
1
0
5/
1
1
–
5
/
1
7
5/
1
8
–
5
/
2
4
5/
2
5
–
5
/
3
1
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
2/
2
4
-
3
/
1
3/
2
-
3
/
8
3/
9
-
3
/
1
5
3/
1
6
-
3
/
2
2
3/
2
3
-
3
/
2
9
3/
3
0
-
4
/
5
4/
6
-
4
/
1
2
4/
1
3
-
4
/
1
9
4/
2
0
-
4
/
2
6
4/
2
7
-
5
/
3
5/
4
-
5
/
1
0
5/
1
1
-
5
/
1
7
5/
1
8
-
5
/
2
4
5/
2
5
-
5
/
3
1
Retail Trips Change YOY
Shopping Centers Apparel Fast Food Grocery
Home Improvement Sit-Down Restaurants Superstores
Page 51 of 56
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
Action out of Exec utive S es s ion
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
T BD
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 52 of 56
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
S ec. 551.071: C O N S ULTAT IO N WIT H AT TO R N E Y
C onsultation with attorney regarding legal issues related to agenda items and other matters in which (1)
when the governmental body seeks the advic e of its attorney about: (A) pending or contemplated litigation;
or (B) a s ettlement offer; or (2) on a matter in which the duty of the attorney to the governmental body
under the Texas Disc iplinary R ules of P rofes s ional C onduct of the S tate Bar of Texas clearly c onflic ts
with this c hapter - C harlie Mc Nabb, C ity Attorney
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 53 of 56
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
S ection 551.072. D E LIB E R AT IO N R E GAR D IN G R E AL P R OP E RT Y
Dis cus s ion and pos s ible ac tion to deliberate the purc hase,exc hange, lease or value of real property for
purposes authorized by the Development C orporation Ac t which disc ussion in open session would have a
detrimental effect on negotiations with third pers ons.
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 54 of 56
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
S ection 551.087. D E LIB E R AT IO N R E GAR D IN G E C O N OMIC D E VE LO P ME N T
N E GOT IAT ION S .
Deliberation regarding c ommercial or financ ial information that the corporation has received from a
busines s prospec t that the G eorgetown Ec onomic Development C orporation s eeks to have loc ate, stay, or
expand in or near the territory of the C ity of G eorgetown and with whic h the C orporation is c onducting
economic development negotiations; and/or deliberation regarding the offer of a financ ial or other incentive
to a bus iness pros pect that the C orporation seeks to have locate, s tay, or expand in or near the territory of
the C ity of G eorgetown.
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 55 of 56
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 15, 2020
S UB J E C T:
Adjourn
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Mic haela Dollar
Page 56 of 56