March 15 2001-ns SCHERTZ ECONOMIC DEVELOPMENT CORPORATION (4-B BOARD)
MARCH 15, 2001
The Schertz Economic Development Corporation (4-B Board) convened on Thursday,
March 15, 2001 at 6:00 p.m. in the Municipal Complex Council Chambers, 1400 Schertz
Parkway, Schertz, Texas. Those members present were as follows: President Ken
Greenwald, presiding; Vice-President Steve White; Secretary Johnie McDow; Treasurer
Glyn Williams; Director Ramon Cook and Director Norma Head. Absent: Director
Reginna Agee. Also present were Finance Director Vijay Jain and Recording Secretary
Norma Althouse.
#1 Call to Order
The meeting was called to order by President Ken Greenwald.
#2 Approval of Minutes: October 19, 2000
Director Cook moved to approve the minutes of the meeting of October 19, 2000, as
written. Vice-President White seconded the motion, which carried by unanimous vote of
all Directors present.
#3 Consider and take action regarding audit report for Fiscal Year ending September
30, 2000.
Finance Director, Vijay Jain, reviewed the audit report. The fund balance at the end of
the year is $587, 638. Of that, $40,089 is owed to the City. In essence then, at the end
of the year, the balance is $547,549. That amount is available to pay for future projects
or to pay future debt payments.
Director Cook inquired if the increase in sales tax has the same projection for next year.
Mr. Jain answered yes -anticipated revenue is taken into account.
Vice-President White moved to accept the audit report, as submitted, for the fiscal year
ending September 30, 2000. Director Cook seconded the motion, which carried by
unanimous vote of all Directors present.
#4 Discuss use of money for purchase of ambulance.
President Greenwald related that Council had a long discussion about this and Mr.
Cashwell's suggestion was to use whatever it takes for an ambulance. Mr. Jain advised
that Council had authorized $85,275.
Secretary McDow asked if the City owns all its ambulances and President Greenwald
replied yes. The taxpayers of the City had paid for every ambulance.
Vice-President White questioned if the price includes equipping the ambulance and
President Greenwald indicated the price includes everything for a totally new ambulance.
Treasurer Williams moved to approve an amount not to exceed $86,000 for purchase of a
new ambulance. Secretary McDow seconded the motion, which carried by unanimous
vote of all Directors present.
#5 Briefing on status of Public Safety Buildings project.
Mr. Jain reported what he has is an ongoing history of expenditures. By the end of the
fiscal year, they had spent 4.5 million dollars.
Director Cook asked what the story is on the library roof and Director Head indicated that
Council had approved a new roof for the library on the old part of the building.
Mr. Jain advised the Public Safety Buildings Project is completed and he had included
the cost for the dedication ceremonies and some fix-it items. Director Cook inquired if
there were any major items. Mr. Jain answered there was $28,129 spent for Police
Department equipment and $80,595 spent for Police cars. There is still some money
owed on the buildings. Whatever is left aver goes into the Interest and Sinking Funds.
Mr. Jain added the fire truck is bought and paid for.
Treasurer Williams asked if landscaping had been included and Mr, Jain replied
yes it had. Treasurer Williams then asked if the sprinkler system was buried in the
figures somewhere and Mr.Jain replied he thought it had been pro-rated for all three
buildings.
There was a brief discussion about publishing the figures for the public. Mr. Jain was not
in favor of publishing small amounts such as bank charges. Treasurer Williams thought
it would be beneficial to publish the fact that the landscaping was done by volunteers.
Vice-President White, alluding to the figures for the Fire Department equipment ,asked
if the fire truck came in cheaper or all of the money had not been expended yet. Mr. Jain
replied all approved projects came in lower. In the case of the fire truck, they gave us a
discount for using it at the Fire Chief's convention.
#6 Consider and take action updating signatories for 4-B Board.
President Greenwald read the caption from a Resolution as follows:
TO APPOINT NEW SIGNATORIES FOR SCHERTZ ECONOMIC
DEVELOPMENT CORPORATION AND TO REVOKE AUTHORIZATION OF
PRIOR APPROVED SIGNATORIES.
Mr. Jain suggested those currently authorized to sign City checks be approved. They are
Dewey Cashwell, Steve Simonson, Norma Althouse and Evelyn Boggess. .
Director Cook moved to accept the Resolution, as written, revoking prior signatories and
approving Dewey Cashwell, Steve Simonson, Norma Althouse, and Evelyn Boggess as
the new signatories. Treasurer Williams seconded the motion, which was
unanimously approved by all Directors present.
#7 Adjournment
There being no further business to discuss, President Greenwald adjourned the meeting at
6:35 p.m.
NIlNUTES APPROVED this the day of „ , 2002.
Signature of all Directors whether present or absent.
President Director
Vice-President Director
Secretary Director
Treasurer