HomeMy WebLinkAboutMinutes_GEDCO_05.19.2008Notice of Meeting of the
Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, May 19, 2008
The Board of Directors of the Georgetown Economic Development Corporation, created pursuant
to Section 4A of the Economic Development Act of 1979, as amended (Tex. Rev. Civ. Stat. Ann.
Art 5190.6), will meet on Monday, May 19, 2008 beginning at 02:00 PM in the City Council
Chambers, located at 101 E. 7th Street, Georgetown, Texas
If you need accommodations for a disability, please notify the city in advance.
Georgetown Economic Development Corporation Members:
Ben Oliver, Farley Snell, Rick Smith, Ron Shelly, Pat Berryman
Call to Order at 02:00 PM
REGULAR SESSION:
Board may, at any time, recess the Regular Session to convene in Executive Session at the request of the
Chair, a Board Member , the City Manager, Assistant City Manager , City Council Member , or legal
counsel for any purpose authorized by the Open Meetings Act , Texas Government Code Chapter 551,
and are subject to action in the Regular Session that follows.
ADiscussion and possible action regarding the Project Progress Report. -- Mark Thomas,
Economic Development Director and Paul E. Brandenburg, General Manager
B.Consideration and approval of the minutes from the Regular Board Meeting held
Monday, April 21, 2008-- Ben Oliver, Secretary
C.Consideration of the April 30, 2008 Financial Reports--Micki Rundell, Finance Manager
D. Acceptance of the Quarterly Investment Report for the Georgetown Economic
Development Corporation (GEDCO) for the quarter ended March 31, 2008--Micki
Rundell, Finance Manager
E. Discussion and possible action to approve a Resolution, Performance Agreement, and
Undocumented Worker Agreement with Texas Outdoor Power Equipment --Mark
Thomas, Economic Development Director and Paul E. Brandenburg, General Manager
EXECUTIVE SESSION:
The Georgetown Economic Development Corporation will meet in closed executive session as
allowed by Texas Open Meetings Act (Texas Government Code Chapter 551), as follows:
F.Section 551.072. DELIBERATION REGARDING REAL PROPERTY
Discussion and possible action to deliberate the purchase , exchange, lease or value of real property for purposes
authorized by Section 4A of Economic Development Act of 1979 (as amended) 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.
H.Section 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.
REGULAR SESSION:
The Board will reconvene in regular open session to take any action necessary related to any of
the above-posted executive session items.
I.Action from Executive Session.
Certificate of Posting
I, Sandra Lee, 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 _________________, 2008, at __________, and remained so
posted for at least 72 continuous hours preceding the scheduled time of said meeting.
__________________________________
Sandra Lee, City Secretary
Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, May 19, 2008
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, May 19, 2008.
Members Present:
Rick Smith, Ron Shelly, Ben Oliver
Members Absent:
Pat Berryman, Farley Snell
Staff Present:
Paul E. Brandenburg, General Manager, Leticia Zaval, Controller, Mark Thomas, Economic
Development Director, Trish Carls, City Attorney, Shirley J. Rinn, Deputy City Secretary, George
Gomez, Economic Development Program Specialist
Minutes
Regular Meeting
REGULAR SESSION:
Board may, at any time, recess the Regular Session to convene in Executive Session at the request of the
Chair, a Board Member , the City Manager, Assistant City Manager , City Council Member , or legal
counsel for any purpose authorized by the Open Meetings Act , Texas Government Code Chapter 551,
and are subject to action in the Regular Session that follows.
Meeting called to order at 2:05 p.m.
ADiscussion and possible action regarding the Project Progress Report. -- Mark Thomas,
Economic Development Director and Paul E. Brandenburg, General Manager
Thomas gave the Board an overview of all of the active projects that the GEDCO Board
approved, including Citicorp, Vista Solutions/Loading Dock, Airborn, TLCC,
Orthopuetics, Enflite, The Beauty Escape, TOPE, and other biotechnology companies.
Thomas also gave the Board an overview of the current projects proposed at the South
Industrial Park site.
B.Consideration and approval of the minutes from the Regular Board Meeting held
Monday, April 21, 2008-- Ben Oliver, Secretary
Motion by Oliver, second by Shelly to approve the minutes from the Regular Board
Meeting held Monday, April 21, 2008. Approved 3-0 (Berryman and Snell Absent)
C.Consideration of the April 30, 2008 Financial Reports--Micki Rundell, Finance Manager
Zavala gave the overview of the Financial Reports, including monthly sales tax
revenues, monthly expenditures, budgetary report, and other relevant financial
information. She did let them know that sales tax is down since January. There was a
brief discussion regarding the cost of gas and its impact on sales tax revenues , as well as
the City's efforts toward energy conservation.
D. Acceptance of the Quarterly Investment Report for the Georgetown Economic
Development Corporation (GEDCO) for the quarter ended March 31, 2008--Micki
Rundell, Finance Manager
Zavala gave the Board an overview of the Quarterly Investment Report. There is
currently a $720,000 cash balance after payment to Citicorp and Vista Solutions.
E. Discussion and possible action to approve a Resolution, Performance Agreement, and
Undocumented Worker Agreement with Texas Outdoor Power Equipment --Mark
Thomas, Economic Development Director and Paul E. Brandenburg, General Manager
There was a brief discussion regarding the requirement of the Undocumented Worker
Agreement because of state legislation. Thomas gave the Board an overview of the
project. Carls clarified that the utility infrastructure is required by the City's
development regulations. The Board also discussed the City's direct investment vs. its
return on investment with regard to this project. The Board requested that the City
keep a database on this type of investment to show the overall return on investment for
projects that required the placement of the infrastructure. Additionally, the Board
discussed the need for the City to stay ahead of the curve with regard to having
infrastructure in place for potential employment centers in the community. They also
discussed whether the 2030 plan could be used to identify areas for employment centers
and then used to justifying the use of 4A funds to place infrastucture in these areas.
Motion by Oliver, second by Shelly to approve a Resolution, Performance Agreement,
and Undocumented Worker Agreement with Texas Outdoor Power Equipment.
Approved 3-0. (Snell and Berryman Absent)
Brandenburg gave the Board an heads up that the property owners want to name the
road "Pat Elliott Drive " and that the City will be working with the property owners
through the process established by the Council for the naming of Public Parks, Facilities
and Roads.
Excutive Session was not held.
EXECUTIVE SESSION:
The Georgetown Economic Development Corporation will meet in closed executive session as
allowed by Texas Open Meetings Act (Texas Government Code Chapter 551), as follows:
F.Section 551.072. DELIBERATION REGARDING REAL PROPERTY
Discussion and possible action to deliberate the purchase , exchange, lease or value of real property for purposes
authorized by Section 4A of Economic Development Act of 1979 (as amended) 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.
H.Section 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.
REGULAR SESSION:
The Board will reconvene in regular open session to take any action necessary related to any of
the above-posted executive session items.
I.Action from Executive Session.
There was no Action from Executive Session.
Meeting was adjourned at 3:37 p.m.
Attest:
__________________________________________________________
Ben Oliver, Corporate SecretaryRick Smith, President