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06.11.09 ECONOMIC DEVELOPMENT Minutes of the CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS' MEETING June 11, 2009 CITY STATE ECONOMIC DEVELOPMCNT George Antuna, Executive Director CORPORATION Juan Santoya, Finance Director Steve White, President Jeff Jewell, Assistant Econamic Development Har7y Whitney, Vice President Director' Mark Roher'ts Peter Graves, Econamic Development Analyst Tim Brown Matthew Duke Roy Richard THOSE ABSENT Others Present Jaynes Harden Robert Brockman, Citizen Jan Haynie, Citizen Ken Haynie, Citizen 1. Call to order. President White called die meeting to order at 6:32 pm. 2. Public cotnn~et~t. 1\<Ir.l3rocktnan asked what die procedure vas for appornttnents to die Economic Development Board of Directors and President elute said drat the Board was appointed b~, CitS~ Council. ITEMS FOR INDIVIDUAL CONSIDERATION: 3. Approval of meeting minutes dated l~~lay 14, 2009. President White asked about item 7 in die I1~Ia~T 11~linutes for tine pawerpoint presentation regarding an increase iji the budget in travel and electronic marketing. 11~Lr. Je~veIl stated that the minutes were not meant to reflect an achaal increase in the budget £or those items, just an increase ifl those activities thernseh*es. i'agc 1 of 3 Scl~eriz EDC Mi»utes ECONOMIC DEVELOPMENT Director Duke asked for a clariftcation on the grandfather clause for Economic Developt_nent revenues. President White ~n~ to approve the minutes of the May 14, 2009 Economic Developinetrt Corporation meeting. Vice President Whitney seconded the oration. Motion carried. Vote unanimous Update from CitSr Finance Director on I1~lontl~ly rtnancill Report. Santoya} Air. Santoya discussed uavestments and interest rates, as well as stating that the sales taY is still doing well. He stated that the City is tr~yurg to take advantage of an investment pool called Federated but that he needs appro~ral from the Finance Cotntntttee. A~Ir. Santoya gave au update on cit}r projects and how the financing vas progressing for those prOjCCtS. 5. Discussion and/ar action adopting EDC ConEliet of Interest Policy (G. Antuna) 11~fr. Antuna said dint the City Attorney put together die Conflict of Interest Policy. Director Duke asked if approval can be moved to die ne:ct tneetiiig in order to give the Directors tune to reviejv it and add coirinents. Director Rtchard nti~ to postpone Item S Conflict of Interest Policy to the next Board meeting. Director Brown seconded the motion. Motion carried. Vote unanimous 6. Discussion and/or action adopting EDC Board IVIeFnber orientation (G. Antuna} 11~Ir. Anhtna said that it would be a good idea for ne~v Board members to be given a new Board member orientation packet created Witb the help of Director 1~Ilutney. Vice President ~l~itney talked abo~-ct the Board inetnber orient<~~oduetiontoltl e Econoinie does not replace sales tam training, it would be beneficial as an Development Board. Director Brown In_ Dyed to adopt the EDC Board Member' Orientation. Director Rabei'ts sec on[~ecl tl~e oration. Motion carried. Vote unanimous 7. Prese~~tation and discussion of new Fconamic Development Statutes (G. A~ituna} il~Ir. Antuna introduced new Economic Development staff member Peter Graves to the board. i1~Ir. t~ntuna stated tlsat die newly orgatuzed statutes are made easier to read and are in a snore user-friendly format. Page 2 of 3 Schertz EDC Minutes ECONOMIC DEVELOPMENT President White renvnded the board that nothing in the statutes themselves had changed. 8. Presentation and discussion concernithg area econotntc development budgets & revenues Jewell) 11~Ir. Jewell presented die area economic development budgets and answered questions fiom tic board. Director Duke asked for in£ortnation regarding area cities' ~var chest, or economic assets and reset-~Tes. 9, Closed Session in accordance ~vidh Teaas Local Goverrunent Code, 551.087 (Economic Development}. 1n addition to dhe matters listed above, an~~ matter schedi>led for open session tnay be discussed in Closed Session, as deemed appropriate and authorized b~T la~v. No closed session. '10. Action on esecudve session, if necessaL~Y. No action taken. 11. Requests b}~ Board >nenhbers that items are placed on a filhhre SEDC agenda. 12. Requests b~T Board members to Director and Staff for information. Vice President Whitne~T requested that staff present some prelitninar-~T fuhdings fionh die Business Retention & E:~pansion project. 13. Adjourn. Tlhe tnecting adjourihed at 7:30 p.m. Steve Wl 'te, President it f~ arl.~T ~~Il~i ej~, price President 't, f _..~s~-~ Turk Roberts, 5ecreta>-yT/Treasurer Page 3 of 3 Scl~eriz F,DC Mi~~utes