HomeMy WebLinkAboutMinutes_GEDCO_01.18.2011Minutes of the Meeting of
the Georgetown Economic Development Corporation
and the Governing Body of the
City of Georgetown, Texas
Tuesday, January 18, 2011
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Tuesday, January 18, 2011.
Members Present:
Dale Ross, Pat Berryman, John Marler, Tommy Gonzalez, John Kiltz
Members Absent:
Staff Present:
Paul Brandenburg, General Manager, Micki Rundell, Finance Manager, Mark Thomas, Economic
Development Director, Shirley Rinn, Executive Assistant to the City Manager, Mark Sokolow,
City Attorney
Minutes
Regular Meeting
Called to order at 2:02 p.m.
A.Discussion and possible action regarding the Project Progress Report, including Hope
Lumber Company, Airborn, Texas Outdoor Power Company, Enflite, McIntosh Holdings,
LLC, Ringdale, and Radix BioSolutions-- Mark Thomas, Economic Development Director
and Paul E. Brandenburg, General Manager
Discussion regarding whether to leave McIntosh on this report. It will remain on the
report for now. There is no new information on the settlement. Thomas provided an
overview of the other pending projects.
B.Consideration and approval of the minutes from the Meeting held Monday, November
15, 2010--John Kiltz, Secretary
Motion by Gonzalez second by Marler to approve the minutes from the Regular Board
Meeting held Monday, November 15, 2010. (Approved 4-0, Berryman absent)
C.Consideration of the December 31, 2010 Financial Reports--Micki Rundell, Finance
Manager
Rundell went over the financial report, including expenses and sales tax. Sales Tax is up
for November. If sales tax trends stay the same or go up, there may be more funding
available for use since the budget was based on lower estimates.
Berryman arrived at 2:10 p.m.
D.Discussion and possible action regarding changing the time and/or date of the regularly
scheduled Meetings for the Georgetown Economic Development Corporation--Pat
Berryman, President
Pat provided an overview of the reasons to change the time of the meeting.
Motion by Berryman, Second by Kiltz to change the meeting time of the GEDCO
Meetings to 4:00pm beginning with the February 2011 Meeting.
Recessed to Executive Session 2:11pm
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 Baxter
- Project FS
- Project Star
- Project Lincoln
- Project Golden Dragon
- Project Infrastructure
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
No Action out of Executive Session.
Reconvened into Regular Session at 4:04 pm
Adjourned at 4:04 p.m.
Attest:
__________________________________________________________
John Kiltz, Corporate SecretaryPat Berryman, President