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EDC 10-23-2008Schertz EDC Minutes October 23, 2008 Page 1 of 3 Minutes of the CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS’ MEETING October 23, 2008 ECONOMIC DEVELOPMENT CORPORATION Steve White, President Harry Whitney James Harden Mark Roberts Matthew Duke CITY STAFF George Antuna, Executive Director Juan Santoya, Finance Director Jeff Jewell, Economic Development Specialist Erin Matlock, Economic Development Specialist THOSE ABSENT Roy Richard Others Present Robert Brockman, Citizen Frances Rushing, President of Schertz Chamber of Commerce Christie Bourquin, Schertz Chamber of Commerce The City of Schertz Economic Development Corporation (EDC) will meet for a regular meeting on Thursday, September 18, 2008 at 11:30 a.m. in the City Council Chambers, 1400 Schertz Parkway, Schertz, Texas. This is an open meeting, subject to the open meeting laws of the State of Texas. Notice of time, date, place, and agenda is hereby posted on or before Monday, September 15, 2008 at 11:30 a.m., as required by law. This facility is wheelchair accessible and accessible parking spaces are available. Audio units for the hearing impaired are available for any meeting. Advanced notice is recommended. 1. Call to order. President White called the meeting to order at 11:32 am. President White introduced the two new board members James Harden and Matthew Duke. Mr. Harden is a long time business owner in the City of Schertz and Mr. Duke is new to the area. 2. Public comment. Mr. Brockman stated that the City of Schertz now owns the 42 acres of property currently being used as soccer fields. Council Member Fowler stated that is correct and will become a source of revenue for the City. Ms. Rushing thanked the board for allowing her to attend the board meetings. CONSENT ITEMS (3-4): 3. Approval of meeting minutes dated September 18, 2008. Schertz EDC Minutes October 23, 2008 Page 2 of 3 Director Roberts moved to approve the minutes of the September 18, 2008 Economic Development Corporation meeting. Director Whitney seconded the motion. Motion carried. Vote unanimous 4. Update of the monthly financial report from the City Finance Director. Mr. Santoya gave a briefing of the financial report, stating that sales tax is 13% higher than last year. Mr. Santoya stated the Finance Department is busy closing out the year, stating the un-audited Fund Balance of the Schertz Economic Development Corporation is $439,000. Director Whitney asked if a plan was in effect if the sales tax should fall behind projected amount. Mr. Santoya stated that we have a reserve in place if the sales tax should fall behind. Director Whitney asked if the Corporation could recommend a freeze in spending. Mr. Santoya stated that would need to be under the direction of the City Manager. Mr. Santoya also stated that the City has already placed cut backs on expenses. ITEMS FOR INDIVIDUAL CONSIDERATION: 5. Discussion, direction and action on election of officers for the Schertz Economic Development Corporation. President White stated that September is the normal time for elections, however with the two new board members coming on the board decided to wait until October. The Board recommends that Steve White remain as President and Mark Roberts remain as the Secretary/Treasurer. President White moved to appoint Harry Whitney as the Vice President of the Schertz Economic Development Corporation. Director Roberts seconded the motion. Motion carried. Vote unanimous 6. Healthcare Update. Vice President Whitney gave a review and stated the Directors had a copy in their packets. Vice President Whitney stated that yesterday he met with Larry Aiken and Chris Smith and determined that a Request for Proposal (RFP) would not be a cheap project. The cost of the study would run from $90,000 to $100,000 consulting fees to evaluate the need for a hospital in the City of Schertz. President White stated that he has spoken with Assistant City Manager David Harris asking the City of Schertz to fund half of the study. 7. Discussion, direction and possible action on adoption of new incentive policy and application. Mr. Jewell gave a briefing on the new incentive policy and application, stating it would go to the City Attorney for review. After review and changes from City Attorney the incentive policy and application will go to Council. Schertz EDC Minutes October 23, 2008 Page 3 of 3 Vice President Whitney moved to approve the new incentive policy and application for the City of Schertz Economic Development Corporation. Director Duke seconded the motion. Motion carried. Vote unanimous 8. Closed Session in accordance with Texas Local Government Code, Section 551.086 (Economic Development). In addition to the matters listed above, any matter scheduled for open session may be discussed in Closed Session, as deemed appropriate and authorized by law 9. Action on executive session, if necessary. No action. 10. Adjourn. President White adjourns the meeting at 12:43 pm ________________________________ President, Steve White ________________________________ Vice President, Harry Whitney ________________________________ Secretary/Treasurer, Mark Roberts