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07-11-2011 Special Called Mtg AgendaPage 1 of 2 Schertz EDC SC Mtg Agenda 07 11 2011 NOTICE OF MEETING CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS SPECIAL CALLED MEETING AGENDA July 11th, 2011 The City of Schertz Economic Development Corporation (EDC) will meet for a Special Called Meeting on Monday, July 11th, 2011 at 5:00 p.m. in the City Council Chambers, 1400 Schertz Parkway, Schertz, Texas. This is an open meeting, subject to the open meeting laws of the State of Texas. Notice of time, date, place, and agenda is hereby posted on or before Thursday, July 7th, 2011 approximately at 5:00 p.m., as required by law. This facility is wheelchair accessible and accessible parking spaces are available. Audio units for the hearing impaired are available for any meeting. Advanced notice is recommended. 1. CALL TO ORDER 2. Roll call and recognition of Visitors 3. Public comment ITEMS FOR INDIVIDUAL CONSIDERATION: 4. Consideration and/or action approving a Resolution authorizing an Amended and Restated Certificate of Formation (?(previously known as Articles of Incorporation) and Amended and Restated Bylaws of the SEDC; recommending approval thereof by the City of Schertz; and other matters in connection therewith. 5. PUBLIC HEARING – Presentation, discussion, and public input regarding a proposed expenditure of up to $200,000 in sales tax funds which are required or suitable for infrastructure necessary to promote or develop new or expanded businesses in the City, by participating in a public private partnership with SPV Ventures, LLC (“SPV”) for the construction of public water lines and related appurtenances in connection with five new medical office buildings to be located in the City (the “SPV Project”). 6. EXECUTIVE SESSION – Called in accordance with Section 551.087 of the Texas Government Code, Deliberation Regarding Economic Development Negotiations; Closed Meeting. The governmental body is not required to conduct an open meeting (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1). (SPV Project) RECONVENE TO REGULAR SESSION 7. Consideration and/or action approving a Resolution authorizing an Infrastructure Improvement Economic Development Project related to public water utility infrastructure improvements; approving a $200,000 loan from the Corporation to SPV Ventures, LLC; authorizing a Loan Agreement, Deed of Trust, Promissory Note, Easement Agreement, and related documents; and other matters in connection therewith. Page 2 of 2 Schertz EDC SC Mtg Agenda 07 11 2011 8. Discussion regarding draft SEDC FY-11-12 Budget 9. ADJOURN I certify that this agenda was posted at approximately 5:00 p.m., on Thursday, July 7th, 2011. John C. Kessel John C. Kessel, Interim Executive Director of Economic Development