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EDC 08-23-2007 Minutes REGULAR MEETING SCHERTZ ECONOMIC DEVELOPMENT CORPORATION August 23, 2007 11 :30 a.m. -1 :00 p.m. Council Workshop, 1400 Schertz Parkway, Schertz, TX 78154 SCJH[]EJR{lrZ ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT CORPORATION Carl Douglas, President Arthur Jones Mark Roberts Ramon Cook Roy Richard Steve White CITY STAFF George Antuna, Executive Director Jeff Jewell, ED Specialist Erin Matlock, ED Specialist Juan Santoya, Finance Director THOSE ABSENT Jim Fowler, Council Member Others Present Jim Jamison, Applicant 1. Economic Development Corporation Call to Order: President Carl Douglas President Douglas called the meeting to order at 11 :30 a.m. 2. Introduction of Guests: Jim Jamison, Applicant for board vacancy 3. Public Comment Mr. Jamison introduced himself as an applicant for the vacant pOSItion with the Schertz Economic Development Corporation and expressed his desire to work with the Corporation. 4. OLD BUSINESS A. Minutes of the July 26, 2007 Meeting Director White moved to approve the minutes of July 26, 2007 Economic Development Corporation meeting. Director Cook seconded the motion. Motion carried. Vote unanimous. B. Financial Report - (Juan Santoya) Mr. Santoya briefed the directors on the financial report. Mr. Santoya stated that sales tax Schertz SEDC Board Meeting Minutes 08.23.07 Page 1 of4 revenue is up twelve percent from last year, stating that August is coming in at $190,000. Director Cook asked the item line for the new office space for Economic Development? Mr. Santoya stated that would be under debt services and the furniture would come out of furniture and fixtures. Director Cook asked if line item twenty five (Miscellaneous) and line item 27 (FM 3009 Rd. & Bridge Expansion) were complete. Mr. Santoya stated that both line items are complete. Director Roberts asked if there is a potential risk for legal issues on the FM 3009 Rd. & Bridge Expansion. Mr. Santoya stated yes there is a potential risk for legal issues when you are requiring right-of-way. C. Set next meeting: September 27,2007 Mr. Antuna stated that he will not be able to attend the next regular meeting of the Schertz Economic Development Corporation, he will be attending a class on "Basic Economic Development" . 5. Discuss and take action on amended By-laws for the Corporation President Douglas stated that he and Mr. Antuna met with the City attorney to review the by- laws. Two changes were made, the first one is item 2.4, a majority of the entire membership of the Board shall constitute a quorum to conduct official business of the Corporation. The second change is that state statue dictates that a board member must be a resident of Schertz. Mr. Douglas stated that Mr. Weiswurm would not be able to remain on the board as he is not a resident of Schertz. Director Jones asked what qualifications are needed to be a board member of the Schertz Economic Development Corporation. Mr. Antuna stated that you must be a resident of Schertz. Director Jones stated that the qualifications should be stipulated in the by-laws. President Douglas stated that we can review qualifications for the Schertz Economic Development Corporation at a regularly scheduled meeting. Director Jones stated that one applicant does not qualify to apply for the position, stating the applicant votes in a different county. Director Jones inquired about the hiring of an auditor. President Douglas stated that Council will select and approve the auditor. Mr. White stated that the Corporation uses the same auditor as the City. 6. Discuss and take action on incentive package for Trane Commercial Systems Mr. Antuna stated that Jeff Jewell will make the presentation for the Trane Incentive. Mr. Jewell gave a briefing on his incentive package for Trane. Mr. Jewell stated that the incentive would consist of a $75,000 grant up front for infrastructure improvements and tenant finish out a one year requirement would need to be satisfied by Trane. Schertz SEDC Board Meeting Minutes 08.23.07 Page 2 of 4 7. Discuss and take action on request from Schertz Chamber of Commerce for sponsorship fee President Douglas stated that at this time the budget is tight and his recommendation would be to wait until January 08 to discuss this item. After discussion by the board Director White moved to disapprove the request from the Schertz Chamber of Commerce for sponsorship fees. Director Cook seconded the motion. Motion carried. Vote unanimous. 8. EXECUTIVE SESSION: Called under Chapter 551 Texas Government Code, Sub-section 551.087 Deliberation regarding Economic Development Negotiations Action, if any on the above Executive Session No action taken. 9. Items by Economic Development Director Mr. Antuna briefed the board on the Mid Cities project and Schwab Rd., stating both projects is on target. 10. Board Member items Director Cook asked if anyone has Tri-County Parkway to be fixed for road repair along with Doerr Land. Director Cook stated he would discuss this with the City Manager. 11. Adjournment There being no further business, President Douglas adjourned the meeting at 1 :03 pm President Director Vice President Director Schertz SEDC Board Meeting Minutes 08.23.07 Page 3 of4 Secretary Director Treasurer Director Schertz SEDC Board Meeting Minutes 08.23.07 Page 4 of 4