11-29-2012 Reg Mtg MinutesSS~C1H[lE1RZ~f 7l_
~C®~!®PviIC ®EVEL®PRAEfd'T
li~II~TiJ'I'ES
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular
Meeting on 'T'hursday, Novemher 29th, 2012 at 6:00 p.m. in the City Council Chambers, 1400 Schertz Parkway,
Schertz, Texas.
1. Call to order
Vice President Kiser called the meeting to order at 6:00 p.m. and welcomed everyone in attendance.
2. Roll Call and recognition of visitors
Board of Directors:
Angelina Kiser, Vice President
Tim Brown, Treasurer/Secretary
Roy Richard
Rosemary Scott
Marvin Thomas
Matthew Duke
Staff:
John Kessel, City Manager
David Gwin, SEDC Executive Director
Katherine Tapley, City Attorney
James Walters, Finance Analyst
Kyle Kinateder - ED Analyst
Patty Horan -Administrative Assistant
Absent:
Harry Whitney, President
Others Present:
Jim Fowler - Councilmember
Robert Brockman
3. EXECUTIVE SESSION -Called in accordance with Section 551.087 of the Texas Government Code
Litigation, pending or contemplated litigation.
Time Start: 6:03 p.m.
Time End: 6:20 p.m.
RECONVENE TO REGUT,AIt SESSION
4. Take any action deemed necessary as a result of the Executive Session.
No action was taken.
Page 1 of 3
SEDC Regular Mtg. Minutes 11/29/2012
5. I~ublic comment.
None
ITEMS F®R I1oTDIVIDUAI~ COI~ISIDERATI®I~I:
6. Consider/Discuss/Act on approval of the Minutes for Board Meetings as follows:
m Regular Meeting held on September 27~, 2012
® Special Called Meeting & Joint Executive Session with the City of Schertz City Council held on Tuesday,
October 9~, 2012
® Regular Meeting Held on November 6~, 2012
A motion to approve the all Meeting Minutes as listed on Agenda Item 6 was made by Mr. Thomas.
Seconded by Mr. Brown. Motion passed unanimously.
7. Updates on September 2012 and ®ctober 2012 Monthly Financial Reports. (James Walters-Finance
Analyst)
Mr. Walters went over the Financial Summary Overview explaining details and answering questions on revenues,
expenses, and cash investment balances as reported on the EDC's financial statements.
8. Director's Report:
Mr. Gavin provided brief updates on the following subjects:
® Updates on existing projects:
1. Baptist Emerus Hospital
o Opening date is delayed -working to get a signage package approved
2. Mama Margie's
o Opened and fully operational
3. Schertz Plaza
o Pending on one lease to move on to phase II
4. ITM
o Expansion
5. Amazon
o Construction is progressing as scheduled
® Updates on events attended and to be attended:
1. ICSC 2012 Conference and Deal Making -Dallas - 11 /7-9/2012
o Met with restaurant representatives
2. FABTECH 2012 Expo -Las Vegas -11/13-15/2012
o Connected with various manufacturers and metal suppliers
3. Small Business Forum - Schertz Chamber of Commerce -11/28/2012
o Exchanged information with small business owners about local development processes
Page 2 of 3
SEDC Regular Mtg. Minutes 11/29/2012
A motion to approve a Resolution by the Board of Directors of the City of Schertz Economic
Development Corporation clarifying, ratifying, and reaffirming prior actions of the city and the SEDC
regarding the creation of certain reinvestment zones and the approval of certain tax abatement
agreements and economic development incentives agreements with the following parties: Valero
Diamond, L.P., Prologis Development Services, Inc., Verde Tri-county, LTD., Corridor Hotel II, LTD.,
the Capital Group Companies, Inc., Eye Care Centers of America, Inc., Lone Star Pet Supply, LTD.,
L.L.P., and JavaNook, LLC; recommending that the City Council of the City of Schertz, Texas take
similar action; repeating all Resolutions or parts of Resolutions in conflict with this Resolution; and
other matters in connection therewith was made by Mr. Richard. Seconded by Ids. Scott. Motion
passed unanimousfly.
10. Requests by board Ii~Iembers to Director for information.
Board Members requested details on the Team Building Session to be held on Dec. 13, 2012.
11. Request to cancel Regular Board 1VIeeting for the month of December 27th due to holiday season conflict
of schedule.
All Board Members concurred.
12. ADJ®i7RN
Vice President Kiser adjourned the meeting at 6:55 p.m.
PASSED AND AI'I'R®VED T~IIS 24th DAB' ®F JANIJAR~', 2013.
Angell ' a I~YSer ®VYCe I'resYdent
J~~
r
<` ~~ __
'~''%~
'I"im B~iiwn -Secretary/'T'reasurer
Page 3 of 3
SEDC Regular Mtg. Minutes 11/29/2012