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03-23-2010 Special Called Meeting
SScc~H~~~~Ri~r~ ECONOMIC DEVELOPMENT Minates of tlae CITY Or SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS' MEETING Special Called Meeting March 23, 2010 CITY STAFF ECONOMIC DEVELOPMENT George Anh~na, Executive Director CORPORATION Jeff Jewell, Assistant Economic Development Steve White, President Director Harry Whitney, Vice President Erin Matlack, Economic Development Angelina Kiser, Ph.D. Specialist II Tim Brown Peter Graves, Econaniic Development Analyst Roy Richard, Esq. Michael Spain, City Attorney James Harden THOSE ABSENT Others Prese~it Matthew Duke, Esq. Robert Brockman, Citizen Amber Briggs 1. Catl to order. President Wlrite cadet[ the anee#ing #o order at 5:33 pan. 2. Public comment. Mr• Brockanan s#a#ed #Itat at the last EDC meeting Project Mustang teas iartroduced to tlfe Baaa•d a~td he inquired as to tl~e identity of the company. Tha City Attoa•ttey, Michael Spain replied that a confidentiality aga'eement restricted EDC and City staff from disclosing the compa-~y's identity. Tlae EDC canaaot discarss away presefated issue, ~~or may aaty action be take~a oaa a~a3~ issues at this tifate (Attorr~e}7 Ge~aeral Opiftro~t JC-0169). Cojrr~rre~~ts crre li~~rited to (3) »ri~ttrtes, a~~d dais tivte is y~al tra~~sfejcrble. ITEMS FOR INDIVIDUAL CONSIDERATION; 3• Discussion and take possible action on a resoltatioat by the Board of Directors of the City of Schea-tz ~coatoattic Development Corporation atathoa•izing an Economic Development Aga•eeaneut; authorizing Page 1 of 2 scfte~fz E©C I~~fiouEes 03.23.10 SSCCIH[1C1RZ~l'7L ECONOMIC DEVELOPMENT certailz benefits by and to the City of Scllertz and the Economic Development Corporation pursuant thereto; and other matters in connection therewith Project Mustang, City Attorney Michael Spain reviewed the Economic Development Agreemelrt between the company, SEDC and City land owner. Mk•. Spain stated the final dates and the construction plans are needed to complete the agreement. Director Whitney moved to approve a resolution by the Board of Directors of the City of Schertz Ecozzomic Development Corporation atzthorizing an Economic Development Agzeement, authorizing certain benefits by and to the City of Scheztz and the Economic Development Corporation pursuant #hereto; and other matters in conmection therewith Project Mustang not to exceed 1,400,00 million dollars. Director Harden secontleci the motion. Motio~t carried. Vote unanimous 4. Requests by Boaed members to Director and Staff far information. George Antuna stated that he will have Mark Mc t,iney from Southwest Securities present at the nett Board meeting to discuss using a certificate of obligation for Project Mustang. President White informed the board that tl~e Mayor and Council had invited them to attend the Council executive session regarding Project Mustang. 5. Adjourn. President White adjourned tl~e meeting at 5;55 pm Duke, secretary Page 2 of 2 Schertz CDC Adinutes 03.23.16 `F~~~ - Steve White, President