HomeMy WebLinkAboutMinutes_GEDCO_07.20.2009Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, July 20, 2009
The Georgetown Econoinic Development Corporation of the City of Georgetown, Texas, iuet on Monday,
July 20, 2009.
Members Present:
Rick Smith, Pat Berryman, Dale Ross
Members Absent:
Ron Shelly, Ben Oliver
Staff Present:
Paul Brandenburg, General Manager, Shirley Rinn, Executive Assistant, Laurie Brewer, Assistant
Director of Finance, Lorie Arm Lankford, Mark Thomas, Economic Development Director, Tina Dunbar,
Economic Development Adiiiinistrative Analyst
Regular Meeting
Meeting was called to order at 2:07 p.m.
Discussion and possible action regarding the Project Progress Report. -- Mark Thomas,
Economic DeveIopi tent Director and Paul E. Brandenburg, General Manager
Thomas gave the Board anoverview of the projects. He told the Board that the final
compliance date is nearing for Vista Solutions and provided an update of the status of
the Airborn. He also provided the board information about how much capital
investment has been built in Georgetown in recent years .
B. Consideration and approval of the minutes from the Regular Board Meeting held
Monday, May 11, 2009--Ben Oliver, Secretary
Motion by Ross, second by Berryman to approve the minutes from the Regular Board
Meeting held Monday, May 11, 2009. Approved 3-0 (Oliver and Shelly Absent)
Consideration of the June 30, 2009 Financial Report--Micki Rundell, Finance Manager
Lorie Lankford provided an overview of the Financial Report to the Board . She told
them that sales tax collections are positive, but flat compared to last year. She told the
Board that the Budget would be brought to the Board for approval in August.
Ross asked that the report be done the same way that it is done for CsTEC. He indicated
it it was easy to follow.
There was a brief discussion regarding Administrative Contract for coming year .
Thomas provided an explanation on the Airbom exependiture and the way it was
structured.
Discussion and possible action regarding infrastructure improvements for the alley
behind 701 N. Main Street --Mark Thomas, Economic Development Director
Thomas provided an overview of the request for GEDCO assistance regal ding the
infrastructure improvements for the alley behind the restaurant at the 701 \. Main
Street location. He told the Board that the grease trap in the alley was a problem for the
previous restaurants in this location and needs to be . The Board is being requested to
fund S25,968.40
Thomas told the Board that he talked to legal counsel and that this project does qualify
as a project. The alley is a private alley.
Motion by Berryman, second by Smith to authorize staff to negotiate an Agreement to
facilitate the necessary infrastructure improvements for the alley behind 701. \. Main
Street in an amount not to exceed $25,968.40. Approved 3-0 (Shelly and Oliver absent)
The Board further discussed the clawback requirements and confirmed that this
imps ovement would solely benefit this business. There was extensive discussion
regarding other needed downtown improvements and eligibility of use of 4A funds to
facilitate those improvements.
Recessed into Executive Session at 2:30 p.m.
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:
E. Section 551.072. DELIBERATION REGARDING REAL PROPERTY
Discussion and possible action to deliberate the purchase, exchan.ge, 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.
-Discussion and possible action regarding the "Infrastructure Task Force research project"
F. 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
Geoff getown.
G. 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.
Reconvened in Regular Session at 2:51 p.rn.
GEDCO Minutes/July 20, 2009
Page 2 of 3
H. Action out of Executive Session
Motion by Smith, second by Berryman to approve a professional services agreement with
Stegar Bizzell not to exceed S38,089 as discussed in Executive Session.Approved 3-0 (Oliver
and Shelly Absent)
Adjourned at 2:57 p.m.
Attest:
Rick Smith, President
Ben Oliver, Corporate Secretary
GEDCO Minutes/July 20, 2009
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