11.19.09 Minutes~COPiOMIC DEVELOPMirNT
Minutes of the
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS' MEETING
November 21, 2009
ECONOMIC DEVELOPMENT CITY STAFF
George Azztuna, Executive Director
CORPORATION
Steve White
President Juan Santoya, Finance Director
,
Harry Whitney
Vice President Jeff Jewell, Assistant Economic Development
,
Angelina Kiser Director
Erin Matlock, Economic Development
Tim Brown Specialist
Matthew Duke Peter Graves, Economic Development Analyst
Roy Richard
James Harden Jim Fowler, City Council
David Harris, Assistant City Manager
THOSE„ABSENT Others Present
Dennis Stahl, Lone Star Pet Supply
T. Cad to order.
President White called the meeting to order at 6:01 pm.
2. Public comment.
No public comment,
ITEMS FOR INDIVIDUAL CONSIDERATION:
3. Approval of meeting minutes dated October S, 2009
Vice President Whitneypointed out a small error in Item 1, noting that the director who called
the meeting to order was incorrect.
Vice President Whitney nioyed to approve the minutes of October 8, 2009 meeting of the
Econamic Development Corporation with corrections. Director Brown seeonded the
motion. Motion car~•ied, Vote unanimous
4. Update From City Finance Director on Monthly Financial Report (J. Santoya)
Page E oP3
5chcrtz ADC A4inates
ECONOMIC DEVELOPMENT
Mr. Santoya stated that sales tax for this month was even lower than anticipated, falling 19%
below that of the same tune the previous year. He said also that the EDC would close out the
200&2009 fiscal year budget with a balance of around $300,000.
President White stated that an un-budgeted expense regarding a security upgrade to the Police
Department offices threw the budget off. He stated that the department heads For Police, Fire
and EMS will be notified of the correct procedure for un-budgeted expenses from now on.
5. Public hearing and discussion and action regarding an expenditure of up to $60,000 in sales tax
Funds for water infrastructure development related to 414 Partnership's (Lane Star Pet Supply)
expansion project (G. Antuna)
Mr. Antuna introduced Dennis Stahl, of Lone Star Pet Supply (414 Partnership, Ltd.).
Mr. Stahl made a presentation regarding the facilityhistory, expansion, and the economic
impact to the city.
Mr. Antuna stated that the expenditure would be worthwhile because of the estimated 41%
rate of return on the EDC's investment of $60,000 for the water pump needed to expand, and
the creation of additional high-skill jobs.
Director Duke stated that he would like to see the return in sales tax for the investment that
the EDC undertakes in the project. President White said that it is difficult to determine precise
rate of returns on sales tax because it fluctuates greatly from month to month. Director Brawn
added that the rate of return far the city should not only be sales tax revenues, but also jobs
and employees added.
Director Richards moved to approve the expenditure of up to $30,000 in sales tax funds
for water infrastructure development related to 414 Partnership's expansion project.
Director Duke seconded the motion. Motion carried, Vate unanimous
6. Presentation and Discussion on Tawn Center and Main Street Projects (J. Jewell)
Mr. Jewell made a presentation, updating the Board on the ongoing Main Street and Town
Center EDC projects.
Director Duke asked For a timeline on the Tawn Center project. Mr. Jewell stated that the
project is only in the conceptual stages, and that a master developer must fast be selected
before any planning warkcan begin. President White estimated that completion of the project
could be fifteen years in the future or mare.
7. Update on active projects (G. Antuna/J. Jewell}
Page 2 of 3
Sci~criz EDC hiinutes
SScc~H~~~~Ri~r~
ECONOMIC DEVELOPMENT
Mr. Jewell and Mr. Antttna gave an update on the Schertz Parkway Professional Plaza, the
EDC website, Project Time, and Project Mustang.
$. Director's Report
No Directoz's Report.
9. Requests by Board members that items are placed on a Future SEDC agenda.
None.
10. Requests by Board members to Director and Staff for information.
President White asked staff to check on the ownership status of the old post office building on
Main Street.
Vice President Whitney asked staff to send updates to Board members about ribbon cuttings
and new business openings.
Director Harden asked if the Board could receive more information about large budget itenns
at each EDC meeting.
Director Brawn requested updates on projects that have arisen from trade show appearances
by the EDC staff.
Vice President Whitney requested a status update on the Sedona development.
11. Adjourn.
The meeting was adjourned at 7:37 p.m.
" Steve White, President
-f~~ ~
-y
Vice President
n;¢
Duke, Secretary
Page 3 of 3
schertz ADC Minutes