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20250522 SEDC Board Reg MtgSCIHI]LIRt F7/ ECONOMIC DEVELOPMENT CORPORATION MINUTES Thursday, May 22, 2025 The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on Thursday, May 22, 2025, at 6:00 p.m. at the Hal Baldwin Municipal Complex, Council Chambers Conference Room, Building No. 4, 1400 Schertz Parkway, Schertz, Texas. This was an open meeting, subject to the open meeting laws of the State of Texas. In accordance with provisions of the Texas Open Meetings Act, Chapter 551, Texas Government Code notice is hereby given that a Possible Quorum of the governing body of the City of Schertz, Texas may take place at this meeting. Call to Order 1. Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and public participation. Board Vice President Bill Dixon presided over the meeting and called it to order at 6:02 p.m. Presiding transitioned to Board President Sammi Morrill upon arrival at 6:04 p.m. Board of Directors Present: Sammi Morrill, Board President William 'Bill" Dixon, Board Vice President Eryn McElroy, Board Secretary Mark Moody, Board Treasurer Bryan Jones, Board Member Board of Directors Absent: Reynaldo "Ray" Chavez, Board Member Hearing of Residents Staff Present: Scott Wayman, Executive Director Amy Madison, Deputy Director Tracy Miller, Administrative Assistant Brian James, Deputy City Manager Others Present: Tim Brown, Councilmember Liaison Kelly Iuffredo, The Chamber Cheny Walker Betty Trivette, The Chamber 2. This time is set aside for any person who wishes to address the Board. Presentations should be limited to no more than 3 minutes. The presiding officer will call on those persons who have signed zip to speak. The members of the Chamber Leadership Core introduced themselves and identified their affiliation. No other public comments were made. Minutes 3. Approval of the minutes for the Board of Directors Regular Monthly Meeting held Thursday, April 24, 2025. (T.Miller) Board Vice President Bill Dixon asked for a motion to approve the Minutes of the Board of Directors Regular Monthly Meeting held Thursday, April 24, 2025. Moved by Board Treasurer Mark Moody, seconded by Board Member Bryan Jones. AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Eryn McElroy, Board Treasurer Mark Moody, Board Member Bryan Jones. Unanimous affirmative vote - Motion carries. Presentations 4. Staff briefing on SEDC monthly financial statement for the month of April 2025. (S.Wayman) Scott Wayman, Executive Director gave a brief overview of the SEDC Financial Statement for April 2025. April 2025 sales tax received was $460,990.21, expenses were $344,989.12, an 7% decrease over the prior year. The 12 -month rolling average is 4.9% and still trending up. Notable expenditures include a payment for semi - annual services to City of Schertz, an incentive payment to Sysco Corporation, membership dues to Tri-County Chamber and a purchase to Baudville, Inc for Schertz Lapel pins. Total Cash and Investment figure at the end of April was $36,004,979.64. Scott Wayman, Executive Director gave a brief overview of the Reserve Fund Model. Board President Sammi Morrill recessed Open Session to Closed Session at 6:11 p.m. Closed Session 5. 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 -105 • Project E -108 • Project E -107 • Project E -102 Start time: 6:12 p.m. End time: 7:09 p.m. Board President Sammi Morrill reconvened to Open Session at 7:09 p.m. Reconvene to Regular Session 6. Take any actions based on discussion held in closed session under Agenda Item No. 5. No action was taken based on discussion in Closed Session. Requests and Announcements • Announcements by staff: • Offices closed May 26, 2025 - Memorial Day • Next Regular Board Meeting - June 26, 2025 . Requests by Board Members to place items on a future SEDC Board Meeting agenda. • Board Secretary Eryn McElroy asked for capital improvement projects (CIP) and future land use priority information and updates. Adjournment Board President Sammi Morrill asked for a motion to adjourn the meeting. Moved by Board Secretary Eryn McElroy, seconded by Board Vice President Bill Dixon. AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Eryn McElroy, Board Treasurer Mark Moody, Board Member Bryan Jones. Unanimous affirmative vote - Motion carries. Board President Sammi Morrill adjourned the meeting at 7:14 p.m. MINUTES PASSED AND APPROVED THIS & DAY I-TI)k%V 2025. IiA* -&&P Sammi Morrill Board President William Dixon Board Vice President