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5-23-2013 Minutes SEDC Board Reg Mtg~C~~l$'~ ~~4l~itf4 ~~~~ ~uu~s '+ ~EVELOPM~~T1`~ COQ ~'I~ A.I~I~ [?F ~~~EC'I"Q~OtS Gill ~~ - ~ ~, . `d'ie qty of Schextz ~conomdc ~ecfeiopme~ +~orporation (5: Board, bf directors met far a Regular ee~g on T~~rsday, May 23'x, ~Q~3 at G:0(1 ,p.m. irn the Ba~~vit~ Ndunicipa~ ~ompiex ~oumai, chambers, t4~ S-chertz Park~ua~~, Building ~, ~chertz, "~"e~as. ~'residerrt:Brown cabled the meeting to order ~~ 6;1 d ~vekosned everyone present. ~~ c recog o~~N~. .. Hoard Qf I~ia~e~rs: T I~roi~n, I'resd~i~t ~ngelinz Kiser, dine P~e~ide~~ 'Roy Richard ~iar~:in 3~aznas . IY~atthew Duke ~- ` ed ~t ~:?~p~ I~fvrrtl~. a€'~t; 1~o~d.14~>~r Rose~aa~g Scok?~ ~I1CrS ~~e5effit: Robert lip ~di ~tderr.~ ~. _ - __ ~avi~ ~xn, S~,DC ~secuti~~e ~iareet~ Kyle 'K.i~caateder, E~ #linaiTyst ~uxaes 'tXla~ters, liinance Analyst Path Horan., Administrative Assistant T~ ,~~-~~ .~txi=ew +~, ~ _ ~ 1lDi~c~~s/1~~t ~ Regnl~ 1~©nthly Me~r~ . ~r+t~day, ~iaxE~ 23` ~~. ~ <~f ~ ~~IlC MinxEea ~-23- 2EI13 ~ l~iatios= to appr€ave he ~dhnutes for Board F~egular ltilontl~ly "/leetwng held on Thursday, ~,-larch 2S`", 2013 was Haile y Mr. `l='~snas. Seecanded ~~% l~r. ~~~,rris. i~~otion passed unaxain~~a~sly. ~. review ~~ae Mare~a anc3 ~prfl e.~13 ~~~ €an~~ly pinan.eial yep®rts. ahers ®°inance _ alys~} Mr. '~ialters pro=riled an overview of the S~DC ~lond'~.ly Financial Statement deports. ~. ~®nsiderjl~is~ussj~~~ can apprcavai n~ ~~~~ ~Q~~®2~~4 i~a~€l~e~. ~ ~wira - ~`xeea~t-ive ~='~ec~car,~ Mr. Gavin pro--ided an overview of the S~DC FY 2013-2014 Budget emphasizing that this budget bu,lds up upon the efforts mat were put ire place durirsg t_he FY 2013 Budget to reduce unnecessary expenses and to allocate spending to hose programs that better reflect a more strategic departmental focus. The most signi~cant changes proposed in the FY 2!314 Budget included a sales tax increase projection, reduction of non-depar~ental expenses, close out payment for ti~°~e Gateway Planning Group Project, focus ors the TexasC~ne Program as a major promotional avenue for tie City, growth of the Development Incentive Fund, and a decrease of general operational expenses. The S~DC decreased its operational expenses by %.2% resulting i:~a a savings of approximately $121,300 -not includi~°ag the isacentive fund. Overall, +,'ae SEDC will utilize $113,C3i from reserves to ~~sake an increase in the incer~tave fiznd. r~ ea~tican ~~ a~aprove forwardirsg of the SEDC FY 2013-2014 Budget as presented to the City Manager and subsequently to the City Council was made by Wig. carris. Seemncled by lbs. miser. Motion passed una~aicaaasly. Board 1/Iember Matthew Duke arrived at x:22 p.m. 7. ireetor~s Igepcar~a ® CST D-zaond Update Amersdment including name change has been processed (formerly ~Talero Diamond, Z..P.) ~ Updates on existing projects: 1. l~mazon.coin Received positive feedback on this project from surrounding co~~nrraunities 2. Baptist ~menas hospital hospital is fully operational and now leasiing medical office space ~ Updates on events attended and to be ~.ttended ~/lr. C=~N-in prov-ided a briefing on attPndar_ce at the following everts: 1. Gatevray Presentation -~ ov~:t City Counc~? Me,,~r~g - 4/9,x2013 2. 1~ortheast Partnersb~ip Monthly Meeting - 4 f 11 /2013 3. °1 exasC`~r~e - Snl~ 2013 Fxpo, Detroit, MI - 4/14-18 f 2013 4. SOMA 20s3 -San ~S.n~ona®, T~ - 3/1/2CP1~ 3. ""f"exasOne - ~ecruitrnent Mission, i~ouisville, KY _ 3/1-4/2013 ~. T~ortheast Partnership Monthly Meeting - 3/9/2013 Fate 2 of 3 SETJC Minutes 5-23- 201.5 7. Schertz Sector Plan. Gpen House ~ i own Meeti~ag - 5/13/2013 ~. CRE~~1 z uncheon - 5/14'/2013 9. Scl-~ertz Chamber of Commerce Monthly ~ uncheon -- 5/21 /2013 S9 Requests ~y ~c~ard ~Ierri~ers to Director fc~r infc~raticna No inforl~nation was requested. ~. ~X~~3'I`I~D SESSI®1~ ®Called %n accordance with Section 551.087 of flee 1 axes Government Code, Deliberation Regarding Economic Development Negotiations; Closed Meeting. '1"he governmental body is not rewired to conciizct an open meetiz°~g {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 `vith which the governmental body is conducting economic development negotiatior°~s; or (2j to deliberate the offer of a financial or other incentive to a business prospect. ~ Project Poly ~ SPV dentures Start time: 6:53 p.m. End time: 7:10 p.m. President Proven reconvened into regular session at 7:10 p.m. 1(lo Discussi€~n arsd a~pr®priate actian deemed necessary as discussed during ~xecuti~e Session. No action was taken. ~®~i It.~ President gown adjour~ied the meeting at 7:11p.m. I' ~SS~D tD ~I'I9RD~ED 'I'fiIS 2Sg~ DAY DF ,~I;JI~Y 203. ,-' ~~.,. ~: ~~ `T`ina r ,v n _ Iresident ``~°`~ F ~ ...~t I t~R ~,' S R~sexraary Sc®tt _ Secretaryf'Treasurer Page 3 of 3 SE~c Minutes 5-23- 2013