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20251026 SEDC Board Reg MtgSCHHERTZ ECONOMIC DEVELOPMENT CORPORATION MINUTES REGULAR MEETING OCTOBER 23, 2025 6:00 PM The City of Schertz Economic Development Corporation (SEDC) Board of Directors held a regular monthly meeting on Thursday, OCTOBER 23, 2025. at 6:00 pm at the Hal Baldwin Municipal Complex, Council Chambers Conference Room, Building No. 4, 1400 Schertz Parkway, Schertz, 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. The following members present to -wit: Present: Bill Dixon, Board President Eryn McElroy, VP (late arrival -6:25) Ray Chavez, Treasurer Matt Clingo, Board Member John Faubush, III, Board Member Absent: Bryan Jones, Board Secretary Sharon Denson, Board Member Staff present: Scott Wayman, Executive Director Brian James, Deputy City Manager Amy Madison, Deputy Director Ashley Ritchey, Business Engagement Manager Karl Baker, Administrative Assistant SEDC Agenda October 23, 2025 Pagel of 5 Call to Order 1. Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and public participation. Board President Bill Dixon presided over the meeting and called it to order at 6:03 pm. Roll call for members called. Bryan Jones and Sharon Denson were absent. Eryn McElroy was absent at the beginning of meeting but arrived later during the closed session at approximately 6:25 pm. 2. SEDC Board Member Oath of Office for appointment to the Schertz Economic Development Board by the Schertz City Council on 10/14/2025. (S. Courney) • John Faubush, IIl, Term Ending 9/30/27 Board President Bill Dixon welcomed newest Board Member John Faubush III. Appointed on October 14, 2025 by City Council to fill Mark Moody's vacant seat. Mr. Faubush was officially sworn in earlier in the day, October 23, 2025, by the City Secretary. Mr. Faubush joined the meeting as a voting member and provided brief background information about his professional experience and connection to the community. Hearing of Residents 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. Consent Agenda 3. Approval of the Minutes for the Board of Directors Regular Monthly Meeting held September 25, 2025. Board President Bill Dixon asked for a motion to approve the consent agenda for September 23, 2025. Ray Chavez moved to approve, Matt Clingo seconded. Motion carries, unanimous; 4 -0. SEDC Agenda October 23, 2025 Page 2 of 5 Discussion Only 4. Presentation and discussion regarding the SEDC monthly financial statement for the month of September 2025. (S.Wayman) Executive Director Scott Wayman provided an overview of the September 2025 Financial Statement. Sales tax revenue received for the month totaled $1,215,649.72, representing a 105.85% increase over the same period in the prior year. Total expenses for September were $86,179.25, with the primary expenditure being $77,050 for the Las P Schertz waterline project. Mr. Wayman noted that sales tax collections have remained significantly elevated over recent months, compared to the typical expected average of approximately $600,000 per month. The current 12 -month rolling average growth rate is 46.9 %. He also provided a brief update on the status and performance of the SEDC Reserve Fund Model. No questions or comments from the Board regarding SEDC financial presentation. Discussion and Possible Action 5. Resolution 2025 -8- Authorizing the City of Schertz Economic Development Corporation Executive Director to execute a First Amendment to the PV Schertz, LLC. Performance Agreement for purposes of expanding the scope of work and potential incentives for infrastructure improvements in the City of Schertz. (S. Wayman) Board President Bill Dixon deferred action on Item No. 5: Resolution 2025 -8 and recessed Open Session to Closed Session at 6:13 pm. Closed Session 6. 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 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. . E -107 *E-110 Start time: 6:13 pm Eryn McElroy arrived at meeting during the closed session at approximately 6:25 pm. End time: 6:54 pm Board President Bill Dixon reconvened into Open Session at 6:55 pm. SEDC Agenda October 23, 2025 Page 3 of 5 Reconvene to Regular Session Board President Bill Dixon reconvenes into regular session at 6:55 pm. 7. Take any actions based on discussion held in closed session under Agenda Item No. 5. Board President Bill Dixon returned to Item No. 5 Resolution 2025 -8 and requested a motion. Ray Chavez motioned to approve, Matt Clingo seconded. Motion carries unanimously; 5 -0. Requests and Announcements • Announcements by staff. • Requests by Board Members to place items on a future SEDC Board Meeting agenda. • Next meeting scheduled for November 20, 2025. • No Meeting in December; Plans for Holiday forthcoming. Executive Director Scott Wayman reported the passing of City Councilman, Tim Brown, noting his longstanding dedication to the Schertz EDC. Mr. Brown was one of the original EDC Board members and most recently served as the City Council Liaison to the Board. Mr. Wayman recognized his significant contributions and steadfast support for the EDC and the Schertz community. Mr. Wayman announced the date for next SEDC Board meeting on November 20, 2025. Business Engagement Manager Ashley Ritchey reported that the Schertz Economic Development Corporation has been honored with an Economic Excellence Award. The organization received a Gold Award in the Print Promotion category for communities with populations between 25,000 and 200,000. The award recognizes the Workforce Resource Manual developed by Ms. Ritchey, which serves as a comprehensive guide for local employers by outlining regional, state, and federal workforce development resources and assistance programs. Administrative Assistant, Kari Baker announced the Holiday Party at Makos on the Creek is scheduled for December 18, 2025 at 6:30 pm. An email with RSVP details will be going out to all Board members in the upcoming day or two. Deputy Director Amy Madison shared that she has been selected by the International Economic Development Council (IEDC) to represent the organization at the American Competitiveness Exchange in C6rdoba, Argentina. The Exchange brings together 50 delegates from around the world for an immersive experience focused on learning about local industries, fostering international collaboration, and highlighting innovative economic development initiatives. Ms. Madison looks forward to bringing back valuable insights and new partnership opportunities to support Schertz and the region. She will participate in the program from October 31 through November 8, 2025. SEDC Agenda October 23, 2025 Page 4 of 5 Adjournment Board President Bill Dixon adjourned the meeting at 7:02 pm. MINUTES PASSED AND APPROVED THIS 20 DAY OF NOVEMBER 2025. William Dixon, Board resident SEDC Board Men` SEDC Agenda October 23, 2025 Page 5 of 5