8-28-2014 Minutes SEDC Reg Board MtgSCHHERTZ
ECONOMIC DEVELOPMENT
MINUTES
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MONTHLY MEETING
THURSDAY, AUGUST 28TH, 2014
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular
Monthly Meeting on Thursday, August 28', 2014 at 6:00 p.m. in the City Council Chambers, Conference
Room, 1400 Schertz Parkway, Schertz, Texas. This is an open meeting, subject to the open meeting laws of
the State of Texas.
1. CALL TO ORDER
President Brown 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:
Tim Brown — President
Angelina Kiser — Vice President
Rosemary Scott — Secretary /Treasurer
Roy Richard
Marvin Thomas
Grady Morris
Sydney Verinder
Others Present:
Jim Fowler — Counciltnember
Robert Brockman
Staff:
David Gwin —
SEDC Executive Director
James Walters
— Senior Budget Analyst
Colin Sherman
— ED Specialist
Patty Horan —
Executive Assistant - ED
Mt. Gwin introduced Mr. Colin Sherman as a new member of the staff.
3. Public comment.
Mr. Brockman commented on the second CPS substation servicing the Tri County Business Park area.
ITEMS FOR INDIVIDUAL CONSIDERATION:
4. Consider /Discuss /Act on approval of the Minutes for the Board of Directors Regular
Monthly Meeting held on Thursday, June 26", 2014.
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A Motion to approve the Minutes for the Board of Directors Regular Monthly Meeting held on
Thursday, August 28th, 2014 was made by Mr. R. Richard. Second by Mr. S. Verinder. Motion
passed unanimously.
5. Review of the SEDC Monthly Financial Report for the months of June and July 2014. (J.
Walters — Senior Budget Analyst)
Mr. Walters provided an overview of the SEDC Monthly Financial Statement Report for the months
of June and July 2014.
6. Update on SPV Ventures, LLC Loan. (D. Gwin — Executive Director)
Mr. Gwin reported that the interest free loan made to SPV Ventures to support the development of
the medical plaza project located at 5000 Schertz Parkway has been fully repaid. The Developer sent
his appreciation for all the assistance received during this process.
7. Director's Report. (D. Gwin — Executive Director)
Mr. Gwin shared with all present that the San Antonio Business Journal had honored two of our
projects at the 2014 Best in Commercial Real Estate Awards Luncheon held in San Antonio on July
17`x, 2014. The Crossvine received the Best Land Deal Award, and Titan Industrial Park won the Best
Industrial Sale Award. Mr. Gwin provided highlights on the following projects and events:
• Projects:
• GE Oil & Gas — Road extension under design
• Titan Industrial Park — Commercial development
• Legacy at Forest Ridge — Schertz Parkway Assisted Living
• HEB Expansion
• Schertz Plaza — Phase 11
• The Crossvine — Phase I
• Tri County Flex Space
• Meetings /Events:
• Top Facilitation Methods Training — San Francisco, CA — 6/27 - 7/4/2014
• TexasOne Business Recruitment Mission Chicago — 7/8- 10/2014
• GE Business Meeting — Houston — 7/14/2014
• SCOC Monthly Luncheon- 7/15/2014
• Biz Journals Awards Luncheon — 7/17/2014
• Meeting with Developers — Schwab Rd Property — 8/1/2014
• Bexar County- Schertz Partnership Meeting — Schertz — 8/12/2014
• Kimley Horn - Freese Nichols Interviews — Public Works — 8/14/2014
• Northeast Partnership Monthly Luncheon — Universal City — 8/14/2014
• Community Budget Meeting — Schertz Methodist Church — 8/14/2014
• SCOC Luncheon — Civic Center — 8/19/2014
• Meeting — Gral. Fund Revenue Sources — 8/26/2014
• Guest of honor at the SMPS Luncheon — 8/27/2014
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8. Requests by Board Members to Executive Director for information.
No items were requested.
President Brown recessed the open session at 6:34 p.m. to go into executive session.
9. EXECUTIVE SESSION — Called in accordance with Section 551.072 of the Texas Government
Code, DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. A
governmental body may conduct a closed meeting to deliberate the purchase, exchange, lease, or value
of real property if deliberation in an open meeting would have a detrimental effect on the position of
the governmental body in negotiations with a third person.
• Project E -005
• Project E -008
Start Time: 6:35 p.m.
End Time: 6:57 p.m.
10. 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.
• Project E -003
• Project E -004
• Project E -006
• Project E -007
Start Time: 6:58 p.m.
End Time: 7:27 p.m.
RECONVENE
President Brown reconvened the meeting back into regular session at 7:27 p.m.
11. Discussion and appropriate action deemed necessary as discussed during Executive Sessions.
No action was taken.
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ADJOURN
President Brown adjourned the meeting at 7:29 p.m.
PASSED AND APPROVED THIS 25 " DAY OF SEPTEMBER 2014.
Tim Brown — President
Rosemary Scott — Secretary /Treasurer
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