01-14-2010 MinutesSSCC]H[1C1RZ~['7L
ECONOMIC DEVELOPMENT
Minutes o£ the
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS' MEETING
January 14, 2010
CITY STAFF
ECONOMIC DEVELOPMENT George Anhirta, Executive Director
CORPORATION Juan Santoya, Finanee Director
Steve White, President Jeff Jewell, Assistant Economic Development
Harry Whitney, Vice President Director
Angelina Kiser, Ph.D. Erin Matlock, Economic Development
Tirn Brown Specialist
Matthew Duke, Esq. Peter Graves, Economic Development Analyst
Ray Richard, Esq. Jim fowler, City Council
Hal Baldwin, Mayor
THOSE ABSENT Otlrer•s Present
James Harden Robert Broekrnan, Citizen
1, Call to oxder.
President 1'~hite called the ineeting to order at G:30 pin.
2. Public comment.
11~Ir. Brockman stated that there map be additional issues with Lone Star Pet Supply due to
electrical issues caused by an additional water pump.
ITEMS FOR INDIVIDUAL CONSIDERATION;
3. Approval of meeting minutes dated November 19, 2009
Vice President Whitney moved to approve the r~rinutes of November l9, 2009 n~reeting of
the Economic Development Corporation. Director Brown seconded the motion. Motion
carried. Vote irnanimaus
4. Update fioin CitS~ rinance Director on Mondily Financial Report Q. Santoya)
It<Ir. Santoya presented die financial statement for the frscal year as of December 315`, 2009,
and a report comparing die cit~~'s sales tax wide the sales tat numbers of surrounding cities.
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ll~lr. Santoya stated that the sales tax numbers for Schutz were down in December 2x09 from
December 2008, but were higher than in November 2009. 11~Lt. Santoya also stated that the
EDC CD mat~ired on Januai~T 5`'' at l.8% interest.
5. Discussion and Action approving Loan Agreement and related documents with SPV ~Tentures,
LLC. Q. ]e~vell)
lair. Jewell made a presentation to the board regarding the loan agreement with SI''~r Ventures.
i1~ir. Jewell stated that the loan would be for the fast phase o£ the project, which includes hvo
office buildings.
Director Richard recused himself fiom die discussion and action regarding Item 5.
Vice President Whitney moved to approve the loan agreement and related documents
witlt SPV Ventures, LLC, Director Duke seconded the motion. Motion carz•ied. Vote
unanimous
6. Public Hearing, Discussion and Action approving expenditures of up to X150,000 For
consulting and planting services related to Main Sheet and Fl1~I 78 Redevelopment and die
Schertz Town Center project. Q. Jewell]
l1lr. Jewell made a presentation regarding the contract with TBG Partners and Stainback
Public/Pri~rate Real Estate for the continued work on 1liain St./Flit 78 and Town Center
developments.
President ~U1ite stated that the proposed X150,000 should last twelve to eigliteeza months.
Director Richard stated that the board should receive a master plan for the projects, so drat
they can be aware of lrow much the EDC expects to spend iii contracts for these two ongoing
projects.
Public Hearing: Rir. Brockman asked if the Town Center project included extension of Live
Oak Road duough to lliaske Road. dlr. Jelvell responded that the road Zvould likely be
extended, but no definite plans have been set for die property yet.
Director Kiser moved to approve the expenditure of up to $150,000 for consulting and
pieta;ing services related to Main Street and FM 78 Redevelopment and the Schertz
Town Center project. Vice President Whitney seconded the niotian. Motion carried.
Vote unanimous
7. Update on active projects {G. Antuna/J. Jewell)
l~lr. Jewell stated that Project Time vas continuing well, and that EDC staff is currently
waiting on a response from die company.
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lbft-. Antt~na updated dze board on Project 1lfustang and dhe Strategic Plan Update.
$. Discussion on lncentive delivered to Lone Star Pet Supply
Arla}ror Baldwin made a presentation to dze Board, discussing the benefits that the Lone Star
Pet Supply expansion has for the city. 11~Iayor Baldwin asked dze Board to reconsider giving
Lane Star Pet Supply X60,000 for a water pump instead of the X30,000 that die Board lzad
approved iha November.
President ~~Vlute updated the Board on dze item, stating tzat tlhe water pressure at tze site is
adequate, but the reason for tze water pump is solel}~ due to Lane Star Pet Supply's insurance
provider requirements.
Director Richard moved to considez• the expendihu•e of $60,000 foi• Lone Star Pet Supply
in the next meeting of the EDC Boatd. Director Brown seconded the motion. Motion
carried. Vote unanimous
9. Discuss and take ackion designating regular meeting tithe and day (G. Antuna)
i1~Ir. Antuna made a presentation to die Board regardithg tie time of meeting, stating dhat it lead
changed to G:30 p.m. from the pre~rious tune of '11;30 a.tn.
The Board decided to have fuhue trtcetings on tze second Tlzursda}' of each tzhontlz at G:30
p.m.
10. Director's Report
The Director's Report vas addressed in Item 7.
1'I. Requests b}~ Board members drat itetzzs are placed on a future SEDC agenda.
Director Duke requested that tlhe Board discuss the FDC's strategy regardithg dze healthcare
itzdustr}' at tlhe nett nzeetithg, Tlus item will be a discussion item as requested.
12. Requests by Board members to Director and Staff for irzfoz~rnation,
None
13. Adjourn.
Tlhe meeting jvas adjourned at 8:09 p.thz.
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Duke, Secretar~~
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StejTe Wlute, President