HomeMy WebLinkAboutAgenda_GEDCO_06.01.2015Notice of Meeting for the
Georgetown Economic Development Corporation and the Governing body
of the City of Georgetown
June 1, 2015 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).
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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.
Regular Session
(This Regular Session may, at any time, be recessed to convene an Executive Session for any purpose
authorized by the Open Meetings Act, Texas Government Code 551.)
A Action out of Executive Session.
B Consideration and approval of the minutes for Georgetown Economic Development Corporation
for the Regular Meeting held Monday, April 20, 2015--Hugh Brown, Secretary
C Consideration of the April 30, 2015 Financial Reports-Micki Rundell, Finance Manager
D Presentation of the 2015-2016 Economic Development Department Budget - Mark Thomas
E Discussion and possible action regarding the Project Progress Report, including Radix, DisperSol,
Airborn, Lone Star Circle of Care, Georgetown Winery, Grape Creek Winery, Difusion
Technologies, Inc., Texas Life Sciences Collaboration Center (TLCC), Radiation Detection
Company, Summit at the Rivery Conference Center, Molecular Templates, Inc., and TASUS
Texas Corporation—Mark Thomas, Economic Development Director
F Consideration and possible action to nominate and elect a President, Vice-President, and Secretary
consistent with Section 3.02 of the GEDCO Bylaws— Mark Thomas, Director of Economic
Development
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 Sec. 551.071: CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related to agenda items and other matters in
which the duty of the attorney to the Georgetown Economic Development Corporation under the
Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas.
H 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.
Page 1 of 39
I Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS.
Deliberation regarding commercial or financial information that the corporation has received from
a business prospect that the Georgetown Economic Development Corporation seeks to have
locate, stay, or expand in or near the territory of the City of Georgetown and with which the
Corporation is conducting economic development negotiations; and/or deliberation regarding the
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.
- Project Lone Star
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 __________________, 2015, at __________, and remained so
posted for at least 72 continuous hours preceding the scheduled time of said meeting.
____________________________________
Jessica Brettle, City Secretary
Page 2 of 39
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 1, 2015
SUBJECT:
Action out of Executive Session.
ITEM SUMMARY:
FINANCIAL IMPACT:
None
SUBMITTED BY:
Bridget Chapman, City Attorney
Page 3 of 39
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 1, 2015
SUBJECT:
Consideration and approval of the minutes for Georgetown Economic Development Corporation
for the Regular Meeting held Monday, April 20, 2015--Hugh Brown, Secretary
ITEM SUMMARY:
ATTACHMENTS:
1. Draft Minutes for the Regular Meeting held Monday, April 20, 2015
FINANCIAL IMPACT:
None
SUBMITTED BY:
Hugh Brown, Corporate Secretary
ATTACHMENTS:
Description Type
Minutes from April 20, 2015 Cover Memo
Page 4 of 39
GEDCO Minutes
April 20, 2015
Page 1 of 2
Minutes of the Meeting of the
Georgetown Economic Development Corporation
And the Governing Body of the
City of Georgetown, Texas
April 20, 2015
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, April 20, 2015.
Members Present:
Steve Fought, Hugh Brown, Patty Eason, Kevin Kelly, John Hesser, Bill Mateja, Jeff Parker
Staff Present:
Jim Briggs, Acting City Manager, Mark Thomas, Economic Development Director; Laurie
Brewer, Assistant City Manager; Paul Diaz, Finance; Terri McCord, Senior Accountant; Sky
Mason, Assistant City Attorney; Tina Dunbar, Administrative Assistant; Conchita Gusman,
Program Manager
MINUTES
Call to Order at 03:30PM
Regular Agenda
A Consideration and approval of the minutes of the Georgetown Economic Development
Corporation for the Regular Meeting held Monday, February 16, 2015
Motion by Fought, second by Kelly to approve the Georgetown Economic Development
Corporation minutes for the Regular Meeting held Monday, February 16, 2015.
Approved 7-0
B Consideration of the February 28 and March 31, 2015, Financial Reports
Paul Diaz explained the financial reports.
C Discussion and possible action regarding the Project Progress Report, including Airborn,
Radix BioSolutions, Lone Star Circle of Care, Georgetown Winery, Grape Creek Winery,
Difusion Technologies, Inc., Texas Life Sciences Collaboration Center (TLCC), Radix, Radiation
Detection Company, Summit at the Rivery Conference Center, Molecular Templates, Inc.,
and TASUS Texas Corporation— and Mark Thomas, Economic Development Director
Mark Thomas updated the board on recent activity and answered questions regarding
compliance status of projects.
Page 5 of 39
GEDCO Minutes
April 20, 2015
Page 2 of 2
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.
E Sec. 551.071: CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related to agenda items and other matters
in which the duty of the attorney to the Georgetown Economic Development Corporation
under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas.
F 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 a detrimental effect on negotiations with third persons.
G Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS.
Deliberation regarding commercial or financial information that the corporation has
received from a business prospect that the Georgetown Economic Development
Corporation seeks to have locate, stay, or expand in or near the territory of the City of
Georgetown and with which the Corporation is conducting economic development
negotiations; and/or deliberation regarding the 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.
- Project Block
- Project Lift
- Project Tut
- Project Park
H Action out of Executive Session.
No action out of executive session
The meeting was adjourned at 4:30PM
Attest:
______________________________ ___________________________________
Hugh Brown, Corporate Secretary Patty Eason, President
Page 6 of 39
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 1, 2015
SUBJECT:
Consideration of the April 30, 2015 Financial Reports-Micki Rundell, Finance Manager
ITEM SUMMARY:
See Attachment
FINANCIAL IMPACT:
None
SUBMITTED BY:
Micki Rundell, Finance Manager
ATTACHMENTS:
Description Type
April 2015 Financial report Cover Memo
Page 7 of 39
Page 8 of 39
Page 9 of 39
Page 10 of 39
Page 11 of 39
Page 12 of 39
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 1, 2015
SUBJECT:
Presentation of the 2015-2016 Economic Development Department Budget - Mark Thomas
ITEM SUMMARY:
City Council received this presentation at its May 12, 2015 workshop meeting. Now Mark Thomas
would like to provide the information to GEDCO.
FINANCIAL IMPACT:
n/a
SUBMITTED BY:
Mark Thomas, Economic Development Director
ATTACHMENTS:
Description Type
Economic Development Budget Presentation Cover Memo
Page 13 of 39
Economic Development
GEDCO
Budget Presentation
June 1st, 2015
Page 14 of 39
Economic
Development
•Recruitment of new business
•Retention of existing business
•Redevelopment of vacant or
blighted areas
•All of which…
Create or retain jobs
Increase property taxes
Increase sales tax
Increase utility revenue
Encourage capital investment
Expands economic options for retail
and commercial uses
Produces goods & services for local
consumption or exportation
Page 15 of 39
TARGETED ECONOMIC SECTORS
•Data Centers/High Tech
•Corporate Headquarters/Technology Office
•Medical/Healthcare
•Lifesciences/Biosciences
•Clean Manufacturing:
•Surgical, medical & dental instruments
manufacturers
•Military related suppliers
•Motor vehicle suppliers
Page 16 of 39
Sectors including….
•Research, development, testing companies: Electronic
components & accessories companies
•Semiconductor products & semiconductor equipment
•Computers & peripherals companies
•Plastics & composites manufacturing companies:
Computer programming, data processing, other
computer services
•Software product & services companies
•Logistics & distribution companies
•Signature Destination projects
Page 17 of 39
Economic Development
Council Direction
Sales tax/revenue generators
Target businesses that leverage property
taxes, sales taxes and utilities (electric)
Intergovernmental relations
Coordinate efforts with County, State & other
area entities
Signature destination projects:
Signature destination as an economic
development tool and quality of life generator
Page 18 of 39
Economic Development
Council Direction
Recruitment, Retention and Expansion
Ensure efficient manageable development processes
Ensure existing businesses needs are met through
regular meetings/contact
Target development that leverage existing resources
& utilities
Continue workforce development programs in
partnership with local Higher Education Institutions,
Georgetown ISD and the private sector
Increase pro-active marketing efforts for job
generator projects, sales and property tax
generator projects and power user projects
Page 19 of 39
Growth and Projects
City of Georgetown Page 20 of 39
South Georgetown Development 2002
City of Georgetown Page 21 of 39
South Georgetown Development 2014
City of Georgetown Page 22 of 39
South Georgetown New Build Projects since 2003
And Corresponding Strategic Plan Objective
•Tasus: Motor Vehicle Manufacturing
•Airborn: Military and Electronics Manufacturing
•Citi Group: Data Center
•Radiation Detection Company: Clean Manufacturing, Medical
Manufacturing
•Rocksprings Behavioral Hospital: Medical
•Georgetown Behavioral Health Institute: Medical
•Austin Avenue Medical Plaza: Medical
•Texas Life Sciences Collaboration Center: Life Sciences/Bio Technology
–Molecular Templates: Bio Technology
–Dispersol: Bio Technology
–Difusion: Bio Technology
–Celling Bioscience: Bio Technology
–KJ Scientific: Bio Technology
City of Georgetown Page 23 of 39
2015 Projects
•Summit at Rivery: Under construction
–Strategic plan objective: (Signature Destination)
•TOPE Spec building
–60,000 sq. ft. under construction now
–Strategic plan objective: (Clean Manufacturing)
•Inner Visions Speculative Building
–60,000 sq. ft. in two buildings being completed now
–30,000 sq. ft. expansion plan in building three when first two are
leased
–Strategic plan objectives: (Corporate Headquarters/Technology
Office , Medical/Healthcare, Lifesciences/Biosciences)
City of Georgetown Page 24 of 39
City of Georgetown
Inner Visions Spec Buildings 2015
TOPE Spec building 2015
TLCC Building II 2015
135,000 sq. ft. completing in 2015
Page 25 of 39
Horizon Projects
•Westinghouse Road TIRZ
–Est. capital investment at build out +/- $500,000,000
–Planned +/- 1,000,000 sq. ft. of class A office space
–South Georgetown Gateway: (Council objective)
–Strategic Plan Objective: (Corporate Headquarters/Technology
Office, High Wage Jobs )
•Pecan Branch
–Big box retailers
–North Gateway (Council objective)
–In planning phase, begin construction 2016
–Strategic plan objective: (Sales and property tax generators, high
power users)
City of Georgetown Page 26 of 39
City of Georgetown
Summit at Rivery 2015 Ground Breaking
Page 27 of 39
Department Resources
•Director of Economic Development
•Director of Retention and Expansion
•Administrative Assistant/Social Media/Proposals
City of Georgetown Page 28 of 39
Evaluation of Needs
•Business Development
–Lead generation
–Increase site visits
–Follow up with prospects
–Increase contacts with site selectors
–Project closure
City of Georgetown Page 29 of 39
Retail Development
•Elevate retail development as a target
•Look for retail development opportunities
near Sun City and in the Eastern “Gateway”
to the city
•Staff has been evaluating consulting services
that can assist with retail development
•Staff is working on retail developments
currently that could seek GEDCO funding
City of Georgetown Page 30 of 39
Questions?
Additional direction?
Page 31 of 39
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 1, 2015
SUBJECT:
Discussion and possible action regarding the Project Progress Report, including Radix, DisperSol,
Airborn, Lone Star Circle of Care, Georgetown Winery, Grape Creek Winery, Difusion
Technologies, Inc., Texas Life Sciences Collaboration Center (TLCC), Radiation Detection
Company, Summit at the Rivery Conference Center, Molecular Templates, Inc., and TASUS
Texas Corporation—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:
N/A
SUBMITTED BY:
Mark Thomas, Economic Development Director
ATTACHMENTS:
Description Type
Project Report Cover Memo
Page 32 of 39
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
Airborn II
Provided a $300,000 grant for job creation and retention and capital
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. They didn't meet the number 490 for the final year of the
agreement, therfore no incentive was earned or paid. Their
headcount in Georgetown as of 3/12/15 is 460.
9/25/2007and
1/26/2010
Partially Funded. First
Annual payment made
February 2011
Yes. Final compliance
date is 12/31/2014.
yes (pending
formal letter to
company)
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. They paid back $47K on 3/15/15.3/9/2010 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
GEDCO PROJECT UPDATE AND STATUS REPORT
April 20, 2015
Page 33 of 39
Project Project Description
Approved by
Council Funded Monitoring Compliance Closed
GEDCO PROJECT UPDATE AND STATUS REPORT
April 20, 2015
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 on November 18,
2013.9/17/2012 Partially Funded.
Yes. Final Compliance
based on life of
equipment. No
Texas Life Sciences Collaboration Center
(3)
Provide a grant of $150,000 for the maintenance of the TLCC.
Performance Agreement approved by GEDCO on 10/17/14. 11/11/2014 Funded Dec. 2014
Yes. Final Compliance
October 31, 2015 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.
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
Page 34 of 39
Project Project Description
Approved by
Council Funded Monitoring Compliance Closed
GEDCO PROJECT UPDATE AND STATUS REPORT
April 20, 2015
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 35 of 39
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 1, 2015
SUBJECT:
Consideration and possible action to nominate and elect a President, Vice-President, and Secretary
consistent with Section 3.02 of the GEDCO Bylaws— Mark Thomas, Director of Economic
Development
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 Corporation must nominate and elect officers.
FINANCIAL IMPACT:
None
SUBMITTED BY:
Mark Thomas, Economic Development Director
Page 36 of 39
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 1, 2015
SUBJECT:
Sec. 551.071: CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related to agenda items and other matters in
which the duty of the attorney to the Georgetown Economic Development Corporation under the
Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas.
ITEM SUMMARY:
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Bridget Chapman, City Attorney
Page 37 of 39
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 1, 2015
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:
n/a
SUBMITTED BY:
Bridget Chapman, City Attorney
Page 38 of 39
City of Georgetown, Texas
Georgetown Economic Development Corporation
June 1, 2015
SUBJECT:
Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS.
Deliberation regarding commercial or financial information that the corporation has received from
a business prospect that the Georgetown Economic Development Corporation seeks to have locate,
stay, or expand in or near the territory of the City of Georgetown and with which the Corporation
is conducting economic development negotiations; and/or deliberation regarding the 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.
- Project Lone Star
ITEM SUMMARY:
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Bridget Chapman, City Attorney
Page 39 of 39