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2-26-2015 Minutes SEDC Reg Board MtgSC]H1]L*1R1F7Z ECONOMIC DEVELOPMENT MINUTES CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MONTHLY MEETING THURSDAY, FEBRUARY 26TH, 2015 The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on Thursday, February 26th, 2015 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 Roy Richard Marvin Thomas Grady Morris Absent: Rosemary Scott — Secretary /Treasurer Syd Verinder Others Present: Robert Brockman 3. Public comment. Staff: John Kessel — City Manager /Interim SEDC Executive Director James Walters — Senior Budget Analyst Colin Sherman — ED Specialist Patty Horan — Executive Assistant - ED Mr. Brockman requested clarification on the function of each of the two FedEx facilities in Schertz. Mr. Kessel explained that the existing facility on FM 3009 is freight and the new facility on Doerr Lane is ground. Page 1 of 4 Schertz EDC Minutes 2 -26 -2015 ITEMS FOR INDIVIDUAL CONSIDERATION: 4. Consider /Discuss /Act on approval of the Minutes for- the Board of Directors Regular Monthly Meeting held on Thursday, September 25', 2014. (P. Horan) A Motion to approve the Minutes for the Board of Directors Regular Monthly Meeting held on Thursday, September 25th, 2014 was made by Mr. M. Thomas. Seconded by Mr. G. Morris. Motion passed unanimously. 5. Review of the SEDC Monthly Financial Report for- the months of September, October, November, December 2014 and January 2015. (J. Walters) Mr. Walters provided an overview of the SEDC Monthly Financial Statement Report for the months of September, October, November, December 2014 and January 2015. 6. Consider /Discuss /Act on a request for a Contact Information Amendment application form to update name and /or address of primary company officials to receive notifications related to economic development agreement information for the following entities: CST Diamond, L.P. (C. Sherman) Mr. Sherman explained that CST Diamond, L.P. had requested that their contact information be updated. The Contact Information Amendment form allows companies with active agreements to update their contact information which will be used for notification purposes. A Motion to approve the request for a Contact Information Amendment application form to update name and /or address of primary company officials to receive notifications related to economic development agreement information for CST Diamond, L.P. was made by Mr. R. Richard. Seconded by Mr. M. Thomas. Motion passed unanimously. 7. Director's Report. (J. Kessel) Mr. Kessel provided highlights on the following items: • Project Updates On mixed use, commercial and residential developments: Legacy at Forest Ridge, Dunkin Donuts, HEB Expansion, FedEx, NorTex Farms, The Parklands of Schertz, The Crossvine, and medical facilities throughout the City. • Incentive Policy /Bylaws Update Current version with no changes was adopted by City Council on October 21, 2014 (Ordinance No. 14- T -44). Bylaws will be reviewed, amended and updated soon after the next appointments date for new officers. • Budget /Bond Update The Board was encouraged to submit input on how to plan ahead for future expenses on subsequent years on any project that might have a recurrent cost. Page 2 of 4 Schertz EDC Minutes 2 -26 -2015 • Update on FM 3009 Bridge & Road Project Explained that the Texas Department of Transportation (TxDot) sent a letter noting that an audit of the contractual agreement for the acquisition of right of way procurement for FM 3009 Bridge and Road Project revealed that a net balance of $20,825.51 is owed to complete the acquisition /utility relocation process on this project. Payment approval of this project was granted by the SEDC Board on January 25, 2007 for the amount of $385,000. The portion owed does not exceed the previously authorized total amount for this project. The Board agreed to transfer to funds. • Public Safety Funding Transition Update Provided update • Legislative Update Provided highlights on the current bills related to municipal issues • Events attended /to be attended Attended TexasOne event in San Antonio sponsored by the Governor's Office NAFTA /Mexico Office. 8. Requests by Board Members to Executive Director for information. Mr. Thomas requested a copy of the legislative updates. 9. EXECUTIVE SESSIONS A. 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 -009 • Project E -007 Start Time: 7:18 p.m. End Time: 8:00 p.m. B. 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 Start Time: 8:00 p.m. End Time: 8:30 p.m. Page 3 of 4 Schertz EDC Minutes 2 -26 -2015 C. Called in accordance with Section 551.074 of the Texas Government Code, PERSONNEL MATTERS; CLOSED MEETING. Deliberation on employment, appointment, reassignment of the SEDC staff. Start Time: 8:30 p.m. End Time: 8:42 p.m. RECONVENE TO REGULAR SESSION President Brown reconvened the meeting back into regular session at 8:42 p.m. 10. Discussion and appropriate action deemed necessary as discussed during Executive Sessions. No action was taken. ADJOURN President Brown adjourned the meeting at 8:42 p.m. PASSED AND APPROVED THIS 23rd DAY OF APRIL 2015. Tim Brown — President Rosemary Scott — Secrltary /Treasurer Page 4 of 4 Schertz EDC Minutes 2 -26 -2015