05.14.09 ECONOMIC DEVELOPMENT
Minutes of the
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS' MEETING
May 14, 2009
CITY STAFF
ECONOMIC DEVELOPMENT George Antuna, Executive Directoa•
CORPORATION Juan Santoya, Finance Director
Steve White, President Jeff Jewell, Assistant Economic Development
Harry Whitney, Vice President Director
Mark Roberts Erin Matlock, Economic Development
Titre Brown Specialist
Matthew Dicke Gail Douglas, Library Director
James Harden Don Taylor, City Manager
Roy Richard David Harris, Asst. City Manager
Michael Spain, City Attoa•ney
THOSE ABSENT Others Present
Robert Brockman, Citizen
t. Call to order.
President White called the meeting to order at 6:30 pin.
2. Public comtnettt.
i1~Lr, Brockman asked what the attire would be for dte Scltertz Busutess Appreciation Dinner.
I1~lr. ~Ylhite stated drat an}Tilting lte wanted to hear would be fine.
Introduction of Special Guests in the audience:
City A~fanager
finance Director
City AttortteyT
Gail Douglas
ITEMS FOR INDIVIDUAL CONSIDERATION:
3. .Approval of inecting mutates dated Maich 26, 2009.
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Director Whitney moved to approve the minutes of the March 26, 2009 Economic
Development Corporation meeting. Director Brown seconded the motion. Motion
carried. Vote unanimous
'1. Update From CitS~ Finance Director on Mond~ly financial Report. Q. Santoya)
The finance Director, Nir. Santoya gave a briefing of die financial report, stating drat the City
of Schertz is down on sales tax compared to dze same time last year, but above last year
averaged out over die year to date, The corning mond~s will determine whether eve will fall
below or rise above last year's sales tax fnzza~bers.
11~Ir. Santoya stated drat die CitjT is looking at a ne~v investment pool called Federated, which
has la~v but steady rates and is currezldy out-performing the market, providing long-tertn
safety For the Cit~T. 'The Finance department is waiting for approval from the investment
connntttee to move forward.
Mr. Santoya reported drat dre Schwab road financing is nearly complete, and that die Cit~r is
waiting on payments from Asir. Lacks. The Enterprise Park financing is still iricamplete.
5, Presentation and discussion on ne~v and existing economic development statutes. (1`~i. Spain)
11~Ir. Spain made a presentation regarding the laws relating to ~1B Economic Development
Corporattozls, specifically addressing die grandfad~cring of certain projects approved or
undertaken by die CitST.
A~Ir. Spain noted that a ne~v codification of the Development Corporation Act had become
official on April 1, and drat dre laws themselves had not changed, although it had been cleaned
up and made easier to navigate and read.
Air. «Ilute asked ho~v grandfadiering of 4B Corporation projects work ire Texas and ho~v it
applies to ne~v laws. tl~Ir. Spain explained that if a project has been undertaken or approved
before dre tune dre laws change, the project is grandfadrered and may be undertaken by die
Czty.
Asir. Sprain agreed to provide fiudrer information on what projects would and would not be
allowed ~vidvn die City of Schertz under die grandfather clause.
6. Discussion aad action regarding an expenditure of up to ~15f),000 in sales tax firnds for
construction and operational funding of die CitS~ of Schertz Public Librar~T. (S. White)
After discussion, the board requested Asir. Spain to formulate a motion drat met all requested
criteria.
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ECONOMIC DEVEL.OpMEN'F
The Board moved to snake Gone--time payment o£ X150,000 to the City for construction of or
improvements to the Cityr's ne~v librar.-y= facility=, wlich will promote netiv and expanded
business development in the City=, and that the Corporation urge the City= Council to approve
and authorize this project and payrment, with such payment to be made in three instalhnents,
the fast followitrg final aud~orizatioir by' the CityT Council, die second on or about October 1,
2009, and the third on or about October 1, 2010. Thee motion vas seconded, and approved
unanimously.
Duector Richard moved to approve the motion of the May 14, 2009 Economic
Development Corporation meeting. Director Brown seconded the motion. Motion
carried. Vote 5 Ave, Vote 1 Nav by Director Harden
7. Public bearing and discussion and action regarding an e:cpenditure of up to X15,000 in sales tam
funds to enter into a professional scr~,=ices agreement ~vidi Site Location Partnership far
Business Recruitment Ser-~=ices. Jewell)
11~ir. Jc~vell gati=e a PowerPoint presentation to the Board regarding the Site Location
Partnership ser-~Tice agreement. lLr, Jewell stated that lie will decrease print advertising and
direct mail and increase tra~crcl and electroiic marketing.
Public Hearing Closed at 8:2G p.m.
Director Duke moved to approve the motion of the May 14, 2009 Economic
Development Corporation meeting. Director Whitney seconded the motion. Motion
carried. Vote 6 Ave, Vote 0 Nav
8. Closed Session iu accordance ~vid~ Tetias Local Government Code, 551.087 (Economic
DCVClopnlent~, In addition to t11e matters listed above, any= matter scheduled for open session
maybe discussed in Closed Session, as deerncd appropriate and authorized by la~v.
9. Action on executive session, if necessar~y~.
No action taken.
10. Requests by Board members that items are placed on a fut<ire SEDC agenda,
11. Requests by=Board members to Director and Staff for information.
12. Adjourn.
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Steve White, President
Harr~~ Wl ~ iey, Vice President
I1~Iark Roberts, Secretat~/Treasurer
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