08-23-2010 Special Called MinutesSS(C1H[ICIRZ~f 7L
ECONOMIC DEVELOPMENT
CITY OF SCHERT~
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS' MEETING
Special Called Meeting
August 23, 2010
CITY STAI+F
ECONOMIC DEVELOPMENT Jeff Jewell, Economic Development Director
CORPORATION Erin Matlock, Economic Development
Steve Wlute, President Specialist
Angelina Kiser, PI~.D. Juan Santoya, Finance Director
Tim Brown Don Taylor, City Manager
Roy Richard, Esq. David Harris, Assistant City Manager
Vacant Hal Baldwin, Mayar
Vacant
THOSE ABSENT Othej•s PreselEtt
Hat~•y Whitney, Vice President Robert Brockman, Citizen
1. Call to order.
Mr. ~Vlute called the meeting to older at 5:15 pm.
NIr.1~L~lvte stated that James Harden has resigned from the board.
2. Public comment.
None,
ITEMS FOR INDIVIDUAL CONSIDERATION:
3. Discussion and action on a resolution by the Board of Directors of the City of Schertz Econonuc Development
Corporation authorizing an Economic Development agreement; authorizing certain benefits by the City pursuant
thereto; and other matters in connection tliere~vith Project Lobos.
11Ir. Jewell informed the board that there is no financial involvement concerning dte Economic Development
Corporation. 11ie City Attorney, i14r. Spain requested the board approve a seventy five percent tax credit for a
term of eight years for Project Lobos.
riZr. Richard moved to approve the resolution by the Board of Directors of the City of Schertz Economic
Development Corporation authorizing an Economic Development agreement authorizing certain beneftts by the
City pursuant thereto; and other matters in connection there~villi Project Lobos. Mr. Brown secottded the
motion. ll~fotion carried. ~~ote unanimous
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4. Public Hearing, Discussion and Action appxoving a payment of up to $399,175 to assist the City of Schertz u~
funding the Gateway Plaiuvng agreement through September 30, 2012 for the IH35/iHi0 initiative
Mr. White opened the public hearing at 5:15 pm.
I~ir. ~~11~ite closed the public hearing at 5:15 pm.
Mayor i3aldwin briefed the board on taking apro-active approach instead of a re-active approach, stating in
the past the City of Schertz has been: extremely hicl~y with the grotvtl~ and now it is tithe to become pro-
active. I~Ir. Taylor infoz~ned tine board that the Gateway Planning proposal was discussed ak t3te joint
meeting ~vitlt Planning & Zoning and Council the only changes that have been made is in the payment
process between the General Fund and the Economic Corporation. I1rlr. ~~1ltite asked if the cost could be
split hft5=-fifty beL~veen the t~vo funds. Mr. Taylor informed the board that this is az~ Economic
Development project and should be paid out of the Corporation.
After further discussion, i~fi. Richard moved to table item #4 until Gateway Planning Group could provide
a table presentation for the board. I1fs. Kiser seconded the motion. Motion carried. Vote unanimous.
5. Adjourn.
Tl~e meeting was adjourned at 6;32 p.m
~-t-~---~--~
Steve White, President
~~ ~. ~ ~ ~
I~a~~tn~y, Vice President
~ac-an ,secretary
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~~ ~-n~y ~~~-
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