04-19-2012 Reg Mtg MinutesSS(ClH[1ClRZ~C7L
ECONOMIC DEVELOPMENT
MINUTES
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
Regular Meeting
Apri119, 2012
The City* of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular
Meeting on Thursda~r, April 19~h, 2012 at 6:00 pm. in the City Council Chambers, 1400 Schertz I'arl~vay,
Schertz, Texas.
1. Call to order
President called the meeting to order at 6:00 p.tn. and welcomed everyone in attendance
2. Roll Ca11
Board of Directors;
Hart}~ l~~lutney, President
Angelina Miser, Vice President
Roy Richard
l~farvin 'T'homas
Board Members Absent:
Tito Brown, Treasurer/Secretat~*
Rosetnat-~~ Scott
Matthew Doke
Staff:
David Gwitx, SEDC Executive Director
David I-larris, Executive Director
Juan Santoya, Finance Director
James ~\~alters, Finance Analyst
Kyle Kinateder, EDC Analyst
Patty Horan, Adtnit-dstrative Assistant
Others Present:
Jim Fowler - Counciltnember
Deborah Fraser, CPA/Armstrong, Vaughan ~C Associates
3. Public comment
None
ITEMS FOR INDIVIDUAL CONSIDERATION:
4. Consider/Discuss/Acton approval of the Minutes for the Regular Meeting held on March 29~h, 2012
A motion to approve the I1~Iinutes for the Regular Meeting held on l~~Iarch 29=~, 2012 vas trade by Mr, Richard.
Seconded by Mr. Thomas. D~Iotion passed unanimously.
5. Consider/Discuss/Act on Independent Auditor's Report - EDC Atttaual Financial Report for the Year
Ended September 30, 2017.. {Deborah Fraser, CPA/Armstrong, Vaughan & Associates)
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Infs. Deborah Fraser, CPA with Armstrong, Vaughan & Associates provided a briefing on the Independent
Auditor's Report far tine City of Schertz Economic Development Corporation Annual Financial Report Year End
September 30, 201E I1rfs. Fraser was pleased to report that during the course of dais audit, the SEDC leas complied
iii all material respects wttli all provisions of the "Compliance ~vitln Public Funds Investment Act". The audit
procedure vas conducted in accordance with auditing standards Generally Accepted Accounting Principles in the
United States of America. Furthermore, the results of tlne SEDC' financial operations for tine year met all essential
reporting regiured by tlne Goverrunental Accounting Standards Board.
A motion to accept the Independent Auditor's Report Year Ended September 30, 2011 was made by Ms. Kiser.
Seconded by Mr. Thomas. Motion passed utrar~imously.
G. Update on Match 2012 Manthly Financial Reports (James Walters/Finalxce Analyst)
11~Ir. `Valters provided a briefing on the Monthly Financial Revenue and Expense Reports for the Month of March
2012.
7. Director's Repott:
I~fr. Gavin provided a briefing using a PawerPoint presentation showing pictures of projects currently under
construction.
Updates on existing projects:
1. Caterpillar-Texas Machining Technologies -- Phase II currently under construction
2. Annual Incentive Certification Process - Provided a sumina~y and breakdown on existing
development incentives
Updates an events attended and to be attended:
I~Lr. Groin provided a summary of experiences and kinowledge acquired during lus attendance to the
following events:
1. 10/35 ED Alliance
2. NPE 2012 Intl. Plastics Showcase -- 4/1-G/2012 --Orlando, FL
3. APA Annual Conference - 4/13-17/2012 -Los Angeles, CA
8. Requests by Board Members to Director for information
1\lone requested.
9. EXECUTIVE SESSION -Called in accardance with Section 551.087 of the Texas Government Code,
Deliberation Regardung Economic Development Negotiations; Closed llrleeting. The governmental body is not
required to conduct an open meeting (1} to discuss ar deliberate regarding commercial or financial information drat
the governmental body has received from a business prospect that the governmental body seeks to have locate,
sta}=, or expand in or near the territory of the governmental body and with ~vl~ich the governmental body is
conducting economic development negotiakions; or (2) to deliberate the offer of a financial or other incentive to a
business prospect described by Subdivision (1)
• Project Naodle
® Project ~/ellness
• Project Cold
• Praject Good Neighbor
Start Time: 6:43 p.m.
End Time: 7,00 p.m.
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10. Discussion and appropriate actiorx deemed yiecessary as discussed during executi~~e sessiosa
No action vas taken
11. ADJOURN
President adjourned the meeting at 7:02 p.m.
PASSED AND APPROVED THIS 24th DAY OF MAY, 2012,
Ha ry'~~lhiti -- President
Tim r n -Secretary/Treasurer
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