HomeMy WebLinkAboutMinutes_GEDCO_11.21.2011Notice of Meeting of the
Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, November 21, 2011
The Board of Directors of the Georgetown Economic Development Corporation, created pursuant
to Chapter 504 of the Texas Local Government Code (formerly known as Section 4A of the
Development Corporation Act of 1979), will meet on Monday, November 21, 2011 beginning at
04:30 PM in the Main Floor Conference Room at City Hall, located at 113 E. 8th Street,
Georgetown, Texas 78626
If you need accommodations for a disability, please notify the city in advance.
Georgetown Economic Development Corporation Members:
Pat Berryman, John Kiltz, John Marler, Tommy Gonzalez, Rachael Jonrowe
Call to Order at 04:30 PM
A.Discussion and possible action regarding the Project Progress Report, including
Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, and
Georgetown Winery. -- Mark Thomas, Economic Development Director and Paul E.
Brandenburg, General Manager .
http://georgetown.org/pdfs/gedco/2011/11-21-11/ItemA.pdf
B.Consideration and approval of the minutes from the Meeting held Monday, October 17,
2011--John Kiltz, Secretary
http://georgetown.org/pdfs/gedco/2011/11-21-11/ItemB.pdf
C.Consideration of the October 31, 2011 Financial Reports--Micki Rundell, Finance
Manager
http://georgetown.org/pdfs/gedco/2011/11-21-11/ItemC.pdf
D.Discussion and possible action regarding the use of Promotion Funds for sponsorship at
the 2012 Industrial Asset Management Council (IAMC) Spring Forum – Mark Thomas,
Economic Development Director
http://georgetown.org/pdfs/gedco/2011/11-21-11/ItemD.pdf
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, 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.
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 Georgetown.
- Project Fuse
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.
H. Action out of Executive Session
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 _________________, 2011, at __________, and
remained so posted for at least 72 continuous hours preceding the scheduled time of said
meeting.
__________________________________
Jessica Brettle, City Secretary
Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Monday, November 21, 2011
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, November 21, 2011.
Members Present:
Pat Berryman, Rachael Jonrowe, Tommy Gonzalez, John Kiltz, John Marler
Members Absent:
Staff Present:
Paul E. Brandenburg, General Manager, Mark Thomas, Economic Development Director, Shirley
Rinn, Executive Assistant, Laurie Brewer, Deputy City Manager, Micki Rundell, Finance
Manager, Bridget Chapman, Acting City Attorney
Minutes
Regular Meeting
Called to order at 4:30 p.m.
A.Discussion and possible action regarding the Project Progress Report, including
Airborn, Enflite, Radix BioSolutions, Lone Star Circle of Care, Grape Creek Winery, and
Georgetown Winery. -- Mark Thomas, Economic Development Director and Paul E.
Brandenburg, General Manager.
Thomas told the Board that Lone Star Circle of Care received first installment of
$200,000 and that they have moved to the Georgetonian. They are very happy and
appreciative. He also informed them about the Economic Development Breakfast on
November 29
th
at 7:30am at City Lights Theater which will include an update from
Radix Biosolutions. Difusion may also be there. He told them that the Grape Creek
project is moving forward and that we are utilizing $20,000 of the approved funding for
design and engineering and testing. Georgetown Winery is also drawing on its
agreement.
B.Consideration and approval of the minutes from the Meeting held Monday, October 17,
2011--John Kiltz, Secretary
Motion by Gonzalez, second by Marler to approve the minutes from the Meeting held
Monday, October 17, 2011. (Approved 5-0)
C.Consideration of the October 31, 2011 Financial Reports--Micki Rundell, Finance
Manager
Rundell told the Board that Sales tax won’t be recognized until next month. She
indicated that $12,000 expenditure noted in the report is for the McIntosh Settlement.
September sales tax was up, but other than that in the last quarter sales tax was for the
most part flat. The end of the year sales tax collections were 4.67% higher than year
prior. Wolf Ranch sale tax collections are better than projected. She told them that we
will get our first report for the current quarter next month.
D.Discussion and possible action regarding the use of Promotion Funds for sponsorship at
the 2012 Industrial Asset Management Council (IAMC) Spring Forum – Mark Thomas,
Economic Development Director
Thomas told the Board that this group does corporate real estate for very large
corporations, naming a few of them. He told them that the Austin Chamber recruited
IAMC to the region and this conference will be taking place in Austin this year. He told
the Board that it is very difficult to get into IAMC as an Economic Developer so this is
an exclusive event that we can attend if we do a certain level of sponsorship in order to
have access to the members who attend the conference. Thomas went over the
sponsorship levels. He feels like being at the event would be very beneficial and doesn’t
feel like we could get this kind of exposure any other way for $5,000. He told that
Board that you are basically buying access to these individuals companies, and site
selectors. This is a different type marketing/advertising, but we would have direct
access.
Motion by Gonzalez, second by Marler to approve the expenditure of $5,000 for a
sponsorship plus the registration for two attendees at the 2012 IAMC Conference.
(Approved 5-0)
Recessed to Executive Session at 4:45 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 PROERTY
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.
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 Georgetown.
- Project Fuse
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 to Regular Session at 5:05 p.m.
H. Action out of Executive Session
Motion by Gonzalez, second by Jonrowe to approve the change in the terms of the
Performance/Loan Agreement previously approved by the GEDCO Board with Project
Fuse under the terms outlined in Executive Session.
Adjourned at 5:06 p.m.
Attest:
__________________________________________________________
John Kiltz, Corporate SecretaryPat Berryman, President