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08-31-2010 Special Called MeetingSSCCIH[lC1RZ~['7L ECONOMIG DEVELOPMENT CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS MEETING Special Called Meeting August 31, 2010 CITY STAFF ECONOMIC DEVELOPMENT Jeff Jewell, Economic Development Director CORPORATION Erin IViadock, Economic Development Specialist II Steve ~!~l~ite, President Juan Santoya, Finance Director Harry ~1~lutnep, Vice President David Harris, .tassistant Cits~ 11~lanager Angelina Kiser, Ph.D. Jutta Jacobs, Cit}' Staff Tim Brown Roy Richard, Esq. Vacant Vacant THOSE ABSENT Others Present Robert Brockman, Citizen Travis Jaynes, TXP Frank Pakuszewski, 183G Ad Scott Polikov, Gateway Planning Group L Call to order. Mr. ~Y~hite called die meeting to order at 5:48 ptxe. 2. Public comment. None ITEMS FOR INDIVIDUAL CONSIDERATION: 3. Discussion and Action approving payments of up to X399,175 to assist the Cite of Sehertz in funding the Crateway Plaiviing agreei~ient diroug~i September 30, 2412 far the IH35/IH14 initiative. fit, Jewel[ introduced Travis fames, Scott Polikov and Frank Pakusze~vski. After discussion by the board addressing concerns over amount and scope a£ ~vark the board agreed to the payment plan aIlocation pro~~ided by Jeff Jewell. I12r. Richard noted that he would not be in favor of any more debt by the board staki,~g we are at our limit. Mx. Richard moved to approve payments based on plan alEocation provided by Jeff Jewell of up to X24,404 per month and X115,000 for dais fiscal year to pay the X399,175 to assist die City of Schertz in funding die Gateway Planning agreement through September 30, 2412 for the IH35/IH14 initiative. lair. Brown seconded die motion. Motion carried. Vote unaniinoiis Page l of 2 Sclter#z EDC Minutes 08.3f.1© ECONOMIC ©I~VELOPMEN'i' ~. Adjourn, The tneetu~g was adjourned at 6:12 pin. ~~~~ ~~~ ~zr Steve White, President Ha~3~-W~i~#-net, Vice Ik'~~i ~c~ ~2ise1" Page 2 of 2 Sct~ertz 13DC Minutes 08,31.10