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20060921 SEDC Board Reg Mtg Economic Development Corporation Minutes 09.21.06 Page 1 of 4 Minutes SCHERTZ ECONOMIC DEVELOPMENT CORPORATION September 21, 2006 at 11:30 p.m. Council Chamber Workshop, 1400 Schertz Parkway, Schertz, TX 78154 ECONOMIC DEVELOPMENT CORPORATION Steve White, President Klaus Weiswurm, Director Roy Richard, Director Mark Roberts, Director Jim Fowler, Council Member CITY STAFF Amy Madison, Economic Development Director Erin Matlock, Recording Secretary Jonette Ellis, Marketing Specialist THOSE ABSENT Johnie McDow, Secretary/Treasurer Ramon Cook, Vice President Robert Statzer, Director OTHERS PRESENT Mr. Robert Brockman 1. Economic Development Corporation Call to Order: President Steve White President White called the meeting to order at 11:35 p.m. 2. Introduction of Guests President White introduced Mr. Robert Brockman 3. Public Comment Mr. Robert Brockman questioned the control of the 1.5 million revenue generated by the sales tax. Ms. Madison stated the Schertz Economic Development Corporation has control over the sales tax revenue and stated that after HB 2912 the sales tax money could no longer be used for public safety projects. 4. OLD BUSINESS A. Minutes of the July 27, 2006 Regular Meeting Economic Development Corporation Minutes 09.21.06 Page 2 of 4 Director Weiswurm moved to approve the minutes of July 27, 2006 Economic Development Corporation meeting with a correction on page 4 to state “improve or implement FM 3009”. Director Richard seconded the motion. Motion carried. Vote unanimous. B. Accountant Report – (Juan Santoya) Mr. Santoya was not in attendance. Accountant Report is included in your packet. Ms. Madison stated that she met with Mr. Bierschwale, Assistant City Manager and discussed the issue of the rolling stock. Ms. Madison stated that the items that need to be moved will be moved at the mid-year budget for corrections. C. Set next meeting: (October 26, 2006) all dates subject to change Ms. Madison stated that this date is a very busy week; please note a possible date change due to TML being slated for this time. 5. New Business A. Discussion regarding expiring terms of the EDC Board Members B. Consider and act upon a Resolution authorizing the Schertz Economic Development Corporation to enter into a Development Agreement relating to Schwab Road. C. Consider and act upon adoption of 2006/2007 Budget. A. President White stated that he would stay on the Board until January 2007, stating he has purchased land in Wilson County. President White stated that he would like to complete the Lacks Project Ms. Madison stated that the Schertz City Council will approve the new board members. Ms. Madison stated that an advertisement will go out for new board members however; the expired board members will still be legal until a replacement has been appointed. Ms. Madison stated that Director Johnie McDow has resigned due to a heavy workload. Director Weiswurm asked if you needed to be a resident of Schertz to apply. Ms. Madison stated that you could be a resident or business owner in the City of Schertz. B. Ms. Madison stated that Michael Spain, City Attorney and Ms. Madison created a 380 Program which was adopted by the Schertz City Council last Tuesday night. President Steve White asked for a motion to adopt with corrections from City/Council/County/Lacks stating that the five party agreement is a bond issue for a new road in the amount of $350,000. The $900,000 bond issue is for the drainage project in the City of Schertz. Economic Development Corporation Minutes 09.21.06 Page 3 of 4 Ms. Madison stated that this is a resolution only that the 380 agreement is contractual and that it is a rebate of sales tax revenue. Director Richard asked if this was a revenue bond issue that needs the approval of the voters. Ms. Madison stated that this issue would not go out to the voters. Director Richard stated that a financial study needs to be done before he could make a decision on the amount of money. Director Weiswurm stated that the wording should be clarified to indicate that the amount is just for the road, also stating that the UDC (Unified Development Code) should be changed before the property is developed. President White stated that he has spoken with Mr. Bierschwale, Assistant City Manager regarding the “Tin City” issue. Council Member Fowler stated that the 380 agreement and the drainage project are two separate projects and you cannot co-mingle. Director Roberts asked if there is a plan in the works. Ms. Madison stated that yes they are in the process of working on a master plan for a warehouse distribution and retail store. Director Weiswurm asked if a resolution was necessary to do the agreement. Ms. Madison stated “yes”, at this point. Director Richard stated that “no money” needs to be underlined. Director Weiswurm moved to approve authorizing a resolution for the Development Agreement relating to Schwab Road. Director Richard seconded the motion. Motion carried. Vote unanimous. C. Director Weiswurm moved to approve the adoption of the 2006/2007 Budget with corrections made by the Mr. Bierschwale, Assistant City Manager and Ms. Madison. Director Roberts seconded the motion. Motion carried. Vote unanimous. 6. Executive Director’s Report A. Update Mid-Cities Drainage Project Ms. Madison stated that great progress has been made. The City of Selma has agreed to pay $250,000 for their share. The landowner on the Selma side has agreed to give up R.O.W. (Right of Way) for the road. Ms. Madison stated that final negotiations between Verde Realty and Trammel Crow should be completed within the week. Director Richard stated the agreement will never happen. 7. Board Member items None Economic Development Corporation Minutes 09.21.06 Page 4 of 4 8. Adjournment There being no further business, President White adjourned the meeting at 12:12 p.m. __________________________ President ________________________ Director __________________________ Vice President _________________________ Director __________________________ Secretary _________________________ Director __________________________ Treasurer _________________________ Director