NOVEMBER 21, 2001
SCHERTZ DEVELOPMENT FOUNDATION
BOARD OF DIRECTORS MEETING
MINUTES
November 21, 2001 11:46 a.m.
Arroyo Verde Restaurant
ITEM # 1 CALL TO ORDER: Mr. John Sheridan called the meeting of the
Schertz Development Foundation Board of Directors to order at 11 :46 a.m.
Those present:
Staff
Roy Richard
John Sheridan
Dewey P. Cashwell, Jr.
Mark Marquez, Executive Director
Amy Madison, Economic Development Director
Donna Dykes, Rec. Secretary
Guest:
Mr. Robert Brockman
ITEM #2 APPROVAL OF MINUTES FROM 24 Oct 2000:
Board members reviewed minutes of the 24 October 2000 meeting. Mr.
Sheridan made a motion to approve the minutes as written.
The motion was seconded by Mr. Roy Richard and carried unanimously.
ITEM #3 REVIEW/ACTION ON SDF RESOLUTION 01-1 (Preparation of
Form 990):
Board members reviewed and discussed SDF Resolution 01-1 to confirm
payment to Armstrong, Vaughan & Assoc., P.C. for the preparation of Form
990 - Return of Organization Exempt from Income Tax - 1999, for the Schertz
Development Foundation.
Mr. Roy Richard made a motion to approve this resolution. The motion was
seconded by Mr. John Sheridan and carried unanimously.
ITEM #4 REVIEW/ACTION ON SDF RESOLUTION 01-2 (Austin Corridor
Council Membership)):
Board members reviewed and discussed SDF Resolution 01-2 to pay for the
annual membership dues for the Austin Corridor Council.
Mr. Roy Richard made a motion to approve this resolution. The motion was
seconded by Mr. John Sheridan and carried unanimously.
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ITEM #5 REVIEW/ACTION ON SDF RESOLUTION 01-3 (Playscape):
The Board members reviewed and discussed SDF Resolution 01-3 to contribute
$10,000 for the Playscape project. Mr. Richard commented that the current
funds came from the sale of Lots. He expressed the concern that if they
continued to spend on various projects, where future funding would come
from. He was concerned that they might be spending themselves out of
existence. The board agreed that future funding sources were not clear or
forthcoming. They discussed some possible future funding possibilities. In
addition, there are other projects out there. He commented that this is
probably a worthwhile project, but that he would like to see more information
about it. He asked if the board might receive a presentation at the next
meeting.
Mr. Marquez commented that he will invite Ms. Norma Head to provide a
presentation at the next meeting.
Mr. Sheridan agreed and this Item was deferred to the next meeting.
ITEM #6 REVIEW/ACTION ON SDF RESOLUTION 01-4 (Business
Appreciation Dinner):
Board members reviewed and discussed SDF Resolution 01-4 to contribute
$5,0000 for the purpose of supporting the 12th Annual Business Appreciation
Dinner. Ms. Madison presented pictures and described this event to the Board.
She pointed out that recognition was given to both the Economic Development
Commission and the Schertz Development Foundation as sponsors of this
event.
Mr. Roy Richard made a motion to approve this resolution. The motion was
seconded by Mr. John Sheridan and carried unanimously.
ITEM #7 REVIEW/ACTION ON SDF RESOLUTION 01-5 (Legal Expenses Lot
14):
Board members reviewed and discussed SDF Resolution 01-5 to pay $204.26
to Fulbright & Jaworski L.L.P. for professional services rendered on Lot 14.
Mr. Richard asked if there had been any recent communication from the
attorney. He commented that the Foundation is ready to proceed to court if
necessary. He said that with litigation there might be some compromise. He
asked if they might have Fulbright & Jaworski send a letter to see if this might
be moved up from the "back to the front burner".
Mr. Marquez replied that this will be done.
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Mr. John Sheridan made a motion to approve this resolution. The motion was
seconded by Mr. Roy Richard and carried unanimously.
ITEM #8 REVIEW I ACTION ON SDF RESOLUTION 00-7 Amendment (lots
18 and 22):
Board members reviewed and discussed SDF Resolution 09-7 Amendment to
authorize the Executive Director to amend this approved expenditure from
$601.35 to $588.86 for the purposes of paying the taxes on Lots 18 and 22.
Mr. John Sheridan made a motion to approve this resolution. The motion was
seconded by Mr. Roy Richard and carried unanimously.
ITEM #9 OLD BUSINESS
Mr. Marquez provided an update to the Board on their current finances.
ITEM #10 COMMENTS BY BOARD MEMBERS:
Mr. Richard commented that the Board needed to have some discussion about
funding needs and sources at future meetings.
ITEM #10 COMMENTS BY EXECUTIVE DIRECTOR:
Mr. Marquez suggested the Board might wish to meet more often.
ITEM #11 COMMENTS BY CHAIRMAN:
None.
ITEM #12 ADJOURN:
Mr. Roy Richard made a motion to adjourn the meeting.
seconded by Mr. John Sheridan and carried unanimously.
at 12:35 p.m.
The motion was
Meeting adjourned
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C
Chairperson
aA1~cd ~I;~ ~
Donna L. Dykes
Recording Secretary
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