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05-13-2010 MinutesSS<c~H~~~~RZ~r~ ECONOMIC DEVELOPMENT Minutes of tl>te CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION Budget Wo>f•Icsliop Meetintg and BOARD OF DIRECTOR'S MEETING Ivr~V Yz ~ntn CITY STAFF ECONOMIC DEVELOPMENT Jeff Jewell, Economic Development Director CORPORATION Erin Matlock, Economic Development Steve White, President Specialist Harl•y Whitney, Vice President Juan Santoya, Finance Director Angelina Kiser, Ph.D. Don Taylor, City Manager Tina Brown David Harris, Assistant City Manager Roy Richard, Esq. Rene Zarate, Staff Accountant James Harden George Anhlna, Director of Intergovernmental VACANT Relations THOSE ABSENT Others P>f•esent Robert Brockman, Citizen Ruben Ruiz Jr., Citizen Justin Thompson, C1uef Executive Officer Site Location Partnership Mark Darce, Senior Vice President of Development Site Location Partnersl>ip ~uctget wo>~•lcsl><op Meeting 1. Call to order Mz~. White called the meeting to order at X4:07 ptu. Mz•. White stated that Matt Duke has resigned from the board at the zequest of his employer. 2. Discussion of the FY 2010-I l Budget {Staf#} The EDC Board recommended the 2010-I l budget focus on three objectives; 1. Increase Reserve 2. Business Retention & Expansion Program 3. Marketing Page 1 of 4 Schertz EUC 119intites 05.13.1 p SSCCIH[1C1RZ~['7L ECONOMIC DEVELOPMENT 3. Adjournment Workshop The Budget Workshop meeting was adjaiu•ned at 5:40 p.m. REGULAR MEETING 5:45 P.M. 4, Call to order Presiderrt White called the meeting to order at 5;47 pm. 5. Public Comment Mr. Ruiz, Jr. addressed the Corporation on creating a Mazket and Feasibility Analysis far a Ne~v Spoz•ts Facility in the City of Schertz, stating he has already spoken with City Council and City Staff. Mr. Taylor stated that the bid for a sports complex is already out and due by June 3, 2010. ITEMS FOR INDIVIDUAL CONSIDERATION: &. Presentation and discussion fi•ozn Site Location Partnership regarding the results of recruitment and marketing services provided during fiscal years 2009-2010 Mr. Thompson gave a presentation on the progress of recruitment and marketing services for the targeted industries provided by the Economic Development staff. 7. Approval of meeting minutes dated April S, 2010 Mr. Whitney moved to approve the minutes of the April 8, 2010 meeting of the Economic Development Caiporation with a correction to the minutes of the April $, 2010 meeting who noted that a search and replace error 6e cozzected, replacing the word Mr, with tEie word Director. Mr. Richard seco><u~ed the motion. Matio~>I carried. Vote if~>laariul<ous $. Update from City Finance Director on Monthly Financial Reports Mc. Salztaya presented the financial statement were dawn 3% percent fi•ozn same time last year incorrectly 3% more) as of March 13, 2010, stating sales taxes . (Please note the financial statement states Page 2 of 4 Scitertz EbC Mituiles 05.13. ~ 0 SS(C1H[1C1RZ~['7L ECONOMIC DEVELOPMENT Mr•. Santaya stated that line item mrmber• #h0 fox alarm monitoring in the amount of $4,597.00 is miscoded and will be corrected. Mr. Whitney inquired about the payments to the library, Mr. Santaya stated two payments were made irr the 09-10 budget with the remaining payment to be made in the 10-11 budget. 9. Presentation, discussion and action adopting SEDC Strategic Plan Update -TIP Strategies Mr. Jewell stated that no action will be taken on this item until changes are complete. 10. Discussion and action providing preliminary approval to proceed with bond fnancing ar7•artgements for Sysco ir~frastructrrre projects Mr•. Richard recused himself from the discussion and action regarding Item 10. Mr. Jewell stated that apre-approval of the Sysco infrastruehrre project be placed in the rninrrtes to proceed with the project. Mr. White stated that the City will be going out for bond an this project and the Econorrric Development Corporation will pay the payments. Mr. Taylor stated that Sysco has asked for six hundred copies of tl~e City magazine "Scher-tz Tales" for emphayees to help them adjust in moving to the City. Mr. Whitney ruovecl to approve the bond finaueing arrangements for the Sysco itrfi•astruchrre project. Mr. Brown seconded the motion, Motion carried, Vate -iriani><uous 11. Director's Report Mr. Jewell stated this is a memorandum of the last three weeks of the projects that tlae ED Department leas been working on. The Board stated that the report was very informative and well written. 12. Requests by Board members that items are placed on a fi-hrre SEDC agenda None Mr•. Whitney inquired about reviewing previous applications for the vacant position. E'age 3 of 4 Schertz EDC Minettcs 05.13.10 SSCCIH[]CIRZ~['7L ECONOMIC DEVEL.OpMENT Mr. Fowler stated that the review committee is aheady in the process of reviewing applicants, 13. Requests by Board members to Director and Staff for information None 14. Adjoilrl~ The meeting vas adjor3rned at 7:OS p.m ._-Steve White, President I-Iarl•y W ~i ney, Vice President Vacant, Secretary Page a of 4 Schertz EC~C Mint~tcs ©5.13.10