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20250828 SEDC Board Reg MtgSC1H[1[1RZ]F7Z ECONOMIC DEVELOPMENT CORPORATION MINUTES REGULAR MEETING AUGUST 28, 2025 6:00 P.M. The City of Schertz Economic Development Corporation (SEDC) Board of Directors held a regular monthly meeting on Thursday, AUGUST 28, 2025. at 6:00 p.m. at the Hal Baldwin Municipal Complex, Council Chambers Conference Room, Building No. 4, 1400 Schertz Parkway, Schertz, Texas. The following members present to -wit: Present: Bill Dixon, Board Vice President Eryn McElroy, Board Secretary Bryan Jones, Board Member Ray Chavez, Board Member Matt Clingo, Board Member Sharon Denson, Board Member Absent: Mark Moody, Board Treasurer Staff present: Scott Wayman, Executive Director Amy Madison, Deputy Director Ashley Ritchey, Business Engagement Manager Brian James, Deputy City Manager Attendees: Tim Brown, City Council Liaison Allison Heyward, City Council Liaison (Alternate) Sheree Courney, Deputy City Secretary Joe Simmons, Guest - PV Schertz Representative SEDC Agenda August 28, 2025 Page 1 of 6 Call to Order Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and public participation. Vice President Bill Dixon presided over the meeting and called it to order at 6 pm. 2. SEDC Board Member Oath of Office for a member appointed by City Council on 08/05/25 for an unexpired term ending on 09/30/2025. (S. Courney) . Matt Clingo Sheree Courney, Deputy City Secretary administered the Oath of Office to Matt Clingo. Following his appointment, Clingo joined the board meeting as a voting member. Election of the Schertz Economic Development Corporation Board Officers. (W.Dixon) Vice President Bill Dixon said that all board members could be nominated for any officer position, but the officers elected would not become effective until October 1, 2025 after re- appointments are made in September for three expiring terms. Two current board members have applied for reappointment. The third term expiring is Mark Moody, Treasurer, who is not seeking reappointment. He explained that leaves an open board seat and the Treasurer position vacant in addition to the current vacancy for President. He added that there may be a need to elect all four officer positions depending on the outcome of each officer elected. Vice President Bill Dixon called for nominations for President. Ray Chavez nominated Bill Dixon, Bryan Jones seconded. Motion passed, unanimously; 6 -0. Vice President Bill Dixon called for nominations for Vice President and he nominated Eryn McElroy. Motion was seconded by Sharon Denson. Motion passed, unanimously; 6 -0. Vice President Bill Dixon called for nominations for Secretary. Ray Chavez nominated Bryan Jones, seconded by Erin McElroy. Motion passed, unanimously; 6 -0. Vice President Bill Dixon called for nominations for Treasurer. Bryan Jones nominated Ray Chavez, seconded by Eryn McElroy. Motion passed, unanimously; 6 -0. New officers effective October 1, 2025: President, Bill Dixon Vice President, Eryn McElroy Secretary, Bryan Jones Treasurer, Ray Chavez SEDC Agenda August 28, 2025 Page 2 of 6 Hearing of Residents 4. 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 up to speak. No residents signed up to speak. No comments were made. Minutes 5. Approval of the minutes for the Board of Directors Regular Monthly Meeting held July 24, 2025 (S. Wayman/A. Madison) Vice President Bill Dixon called for a motion to approve the SEDC Board Meeting minutes for July 24, 2025. Eryn McElroy moved to approve, Ray Chavez seconded. Motion passed, unanimous; 6 -0. Presentations 6. Staff briefing on SEDC monthly financial statement for the month of July 2025. (S.Wayman) Scott Wayman, Executive Director gave a brief overview of the SEDC Financial Statement for July 2025. July 2025 sales tax received was $1,170,720, a 111.4% increase over the prior year, and expenses were $32,652.54. The 12 -month rolling average is 28.3% and still trending up. Notable expenditures include funding for DPC Hospitality contract for $12,500, Group C Media, $9,420, and Texas Economic Development Corporation, $5,000. Total Cash and Investments at the end of July was $37,918,215.91. Mr. Wayman also gave a brief overview of the Reserve Fund Model. Discussion Items 7. Resolution 2025 -5 - Adopting an agreement for Provision of Professional Services between the City of Schertz and the Schertz Economic Development Corporation, and other matters in connection therewith. (S.Wayman) Vice President Bill Dixon opened the discussion and introduced Scott Wayman, Executive Director, who provided an overview of the Provision of Professional Service Agreement. The contract for professional services must be approved by the SEDC annually and contains details of the costs and services from the City of Schertz including personnel, rent, internal services and fleet costs for FY26. Wayman noted the only year- over -year increase from the previous year was in personnel, which increased a total of 6 %. Another notable change was in Fleet which decreased by 28 %. Wayman stated that the Board approved the cost for all services totaling $641,703 as part of the FY26 Budget approved at the July 2025 Board Meeting. SEDC Agenda August 28, 2025 Page 3 of 6 Following the presentation, Vice President Bill Dixon called for a motion to approve Resolution 2025 -5. Ray Chavez moved to approve adoption of an agreement for Provision of Professional Services between the City of Schertz and the Schertz Economic Development Corporation, seconded by Eryn McElroy. Motion approved unanimous; 6 -0. Public Hearings Resolution 2025 -6 - Public hearing, discussion and possible action authorizing the City of Schertz Economic Development Corporation Executive Director to enter into a Performance Agreement with PV Schertz, LLC. (S.Wayman) Public Hearing opened at 6:20 pm Mr. Joe Simmons, PV Schertz, LLC, discussed the extension of Four Oaks Lane to and through his property. He provided approximately 2.5 acres of right -of -way dedication to the City at the time of platting that was valued at an estimated $750,000 for the extension of the road. He also noted that the cost of the road design was approximately $100,000. His property expansion and improvements include renovation and lease of two buildings for Murdoch's Ranch and Home, Bob Mills Furniture and a third lease with Star Vipers in the remaining third building, which is 73,000 sf. Not all the space is occupied by the tenant. The extension of Four Oaks Lane will provide access for a new 60,000 sf facility to be constructed and leased to Safeway Supplies. Board members asked about potential tenants being explored for the third building to fill the space. Mr. Simmons mentioned he had an active national fitness facility prospect, but also said the space could accommodate a small manufacturing firm. Public Hearing closed at 6:32 pm Vice President Bill Dixon deferred action on Item 8: Resolution 2025 -6 and recessed Open Session to Closed Session at 6:33 pm. Vice President Bill Dixon returned to Item 8: Resolution 2025 -6 following the first closed session. Ray Chavez motioned to approve. The motion did not receive a second. At the request of board members Eryn McElroy, Ray Chavez and Bryan Jones, Vice President Bill Dixon returned to Closed Session at 6:56 pm. Following the second Closed Session, Dixon returned to Item 8: Resolution 2025 -6 and requested a motion. Bryan Jones motioned to approve, Sharon Denson seconded. Motion approved unanimously; 6 -0 SEDC Agenda August 28, 2025 Page 4 of 6 Closed Session 9. 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 -107 Start time: 6:34 pm End time: 6:56 pm Vice President Bill Dixon reconvened into Open Session at 6:56 pm Start time: 6:57 pm End time: 7:15 pm Vice President Bill Dixon reconvened into Open Session at 7:15 pm Reconvene to Regular Session 10. Take any actions based on discussion held in closed session under Agenda Item No. 9 No actions were taken based on discussions held in closed session. Requests and Announcements • Announcements by staff: SEDC Regular Board Meeting September 25, 2025, 6 pm. • Requests by Board Members to place items on a future SEDC Board Meeting agenda: No requests made. Adjournment Vice President Bill Dixon called for a motion to adjourn. Moved by Bryan Jones, seconded by Sharon Denson. Motions approved unanimously; 6 -0. Meeting adjourned at 7:17 pm. SEDC Agenda August 28, 2025 Page 5 of 6 MINUTES PASSED AND APPROVED THIS 15 DAY OF 30 jelt25. William Dixon Board Vice President ATTEST: Eryn McElroy, Boar tart' SEDC Agenda August 28, 2025 Page 6 of 6