5-28-2015 Minutes SEDC Reg Board Mtg.docSC]HI]EIRZ F7Z
ECONOMIC DEVELOPMENT
MINUTES
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MONTHLY MEETING
THURSDAY MAY 28TH 2015
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular
Monthly Meeting on Thursday, May 28th, 2015 at 6:00 p.m. in the City Council Chambers, Conference
Room, 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
Rosemary Scott — Secretary /Treasurer
Roy Richard
Grady Morris
Marvin Thomas
Absent: Tim Brown - President
3. Public comment.
None present
Staff
John Kessel —
City Manager
Kyle Kinateder - SEDC Executive Director
James Walters
— Senior Budget Analyst
Colin Sherman — ED Specialist
Patty Horan —
Executive Assistant - ED
Charlie Zech -
City /SEDC Attorney
Vice President Kiser closed the open session and moved to Executive Session. All Board Members
concurred.
9. EXECUTIVE SESSION
A. The Schertz Economic Development Corporation Board of Directors will meet in closed session
under Texas Government Code Section 551.071, Consultation with Attorney, to discuss and
deliberate legal issues associated with -the Economic Development Incentives Agreement
(Amazon.com.KYDC LLC).
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Time Start: 6:03 p.m.
Time End: 6:43 p.m.
Mr. Morris left the Board Meeting at 6:38 p.m.
RECONVENE TO REGULAR SESSION
Vice President Kiser reconvened to open session at 6:45 p.m.
10. Discussion and appropriate action deemed necessary as discussed during Executive Session:
9A. Economic Development Incentives Agreement (Amazon. com. KYDC LLC)
No action was taken.
ITEMS FOR INDIVIDUAL CONSIDERATION
4. Consider /Discuss /Act on approval of the Minutes for the Board of Directors Regular
Monthly Meeting held on Thursday, April 23rd, 2015. (P. Horan)
A motion to approve the Minutes for the Board of Directors Regular Monthly Meeting held on
Thursday, April 23rd, 2015 was made by Mr. M. Thomas. Seconded by Mr. R. Richard. Motion
passed unanimously.
5. Review of the SEDC Monthly Financial Reports for the months of April 2015. (J. Walters)
Mr. Walters provided a briefing of the SEDC Monthly Financial Report for the month of April, 2015.
6. Consider /Discuss /Act on approval for recommendation to the City Council for the proposed
SEDC FY 2015 -16 Budget. (K. Kinateder)
Mr. Kinateder went over the draft for the proposed SEDC FY 2015 -16 Budget.
No action was taken.
7. Director's Report. (K. Kinateder)
Mr. Kinateder provided a sung nary of the following:
• Project Updates
Status on the GE Agreement related to the David Lack Blvd. extension
• Events attended /to be attended
Toured the SSLGC Plant in Seguin — 5/7/2015
Spoke at the Randolph Area Real Estate Association Monthly Meeting — 5/20/2015
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Vice President E-iser adjourned the meeting at 7:15 p.m.
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Angelin� Kiser — Vice ireA dent
Rosemary Scott — Wecretary/Treasuret
Page 3 of 3 Schertz EDC Minutes 5-28-2015