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10-14-2010 MinutesSScc~H~~c~RZ~r~~ ECONOMIC DEVELOPMENT MINUTES CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS' MEETING Regular Called Meeting October 14, 2010 The City of Schertz Economic Develaputettt Corporation (EDC) met for a regular rneeting Thursday, October 14, 201.0 at 6:30 pm. in the City Council Cltatnbers, 1400 Scltertz Parkway, Schertz, Texas. Roll Call Board of Directors; Steve ~~~lute, President Harry ~Uliitney=, Vice President Angelina Kiser, Ph,D. Tim Brown, Secretary/Treasurer Roy= Richard, Esq. Others Present: Jim Fowler -City= Councihnan A4r, I1-fai~Tirt Thomas I1~is. Leili Sautuelson Call to order City Staff: Jeff Jewell, EDC Director l1~Ir. Juan Santoya, Fuiance Director Erin I14atlock, EDC Specialist Patty Horan, Adtnirvstrati~=e Assistant ~-Is. Rosemary Scott I1~It. Derik Samuelson I1~ir. Robert Brockman President called the meeting to order at appro_utnately 6:33 p.m. Introduction of new Board Members Il~ir. Jewell introduced the newly appointed Board Aletnl~ers: i1~is. Rosemary Scott and IYir. Dlarvia Thomas. Ibis. Holly= McBreartyr was absent due to an unforeseen occurrence, I,~ir. Jewell also introduced Ms. Patty* Horan as a new member of the EDC Staff President ~~~lzite explained that lux term had expired on Sept. 30~~ and due to other cotnnutinecxts, lie did not seek re-election. He welcomed all ne~v Board 11~fetnbers and said leis fareweII to lux colleagues on tl~e Board. On belialE of the City=, 1~Ir. Jewell and the Board presented I41r. ~l~liite with a plaque of appreciation for lux sen=ice. 3. Election of Corporation officers for FY 2010-2011 The Board held a discussion and proceeded to elect new officers. A motion to noruinate I1~ir, Harry=1Z~lutney For President, Ms. Angelina Kiser for Vice President and Ivlr. 'I'itn Brown for Secretary/Treasurer was made by Mr. R. Richard. Seconded by Mr. M. Thomas, Motion passed unanimously. Page I of 4 SEDC Board Hltg. Minutes 1 411 412 0 1 0 4. Public comment The President of die Board recognized all present and opened die ineet'tttg for public continent. I1~lr. Brockman expressed good wishes and tltattked i1~Ir. ~~~ltite Far leis service on die EDC Board. He deferred iris tithe to speak when item No. 9 comes up. ITEMS FOR INDIVIDUAL CONSIDERATION: 5. Approval of meeting Minutes dated: August 12~h, August 23~~, and Angttst 31s{, 2010. A t~aotion to approve the Cityr of 5chertz EDC Board Minutes for meetings held on August 12~, August 23ra and August 31s{, 2010 was made by Mr. T. Brown. Seconded by Ms. A. Kiser. Motion passed ttnanimonsly. Update from City Finance Director on Moutltly Fiuattcial Reports A~Ir. 5anto~=a, Pittance Director, briefed die Board on die ltigitligltts of the I~londtly Financial Reports ~vhiclt were included in the Board's Packet for prior review. The Board held a discussion. No action vas taken. ' 7. Discussion attd action approving the amended and restated covenants for Schettz Parkway Ptofessio~ttal Plaza Cottdomittittms. >4Ir. R. Richard xecused ltitnself from the meeting and stepped out die Board Raotn at approximately 7:49 p. m. I1-Lr. Jewel[ briefed die Board 'tit reference to changes made to die covenants, conditions and restrictions for tEte office condotttutiums itt die Scltertz Parlctiva3=Professional Plaza regarding certain insurance requireutents of O~vnets and die tlssociation. I1~ir. Jewell informed the Board that sttclt changes have been reviewed and approved by rite Cit}''s Legal Counsel as well as the mortgage holder on the project Staff recotmnended approval. The Board held a discussion. A motion to approve the amended and restated covenants for die ScherC~ Parl~vay Professional plaza Condominiums was made by Mt. T. Brown. Seconded by Ms. A. Kiser. I1~Iotion passed unattimansly. I1~Ir. R. Richard carne back into the Board Raom at appra_~itttatelp 7:52 p.nt. $. Discussion and action on a resolution by the Board of Directors of the City of Schertz Economic Development Corporation authorizing an Economic Development agteetnent; authorizing certain benefits by rite City pursuant thereto; and other matters iu connechiott there~s=itlt Project Tittte 1blr. Jeff Jewell briefed rite Board ort the current staf<ts of fire multi-phased Project coded `~'itne". Project Tithe is estimated to be constructed itt four phases which are expected to be completed by Dec. 2020. The SEDC has no financial commitment in die deal; the Citl= will be providing a tax credit duougEt a Chapter 384 agreement. I Ie explained that this is an ongoing project wilt high level of confrdendalitj= until all parties involved sign an}= and/or all pending agreements. The Board held a discussion and participated by asking questions. President ~~~ltitney proceeded to read the Cit}~'s Resolution caption as follows: ~A Resolrrtiort b3• the Board of Directors of tJle Crts~ of Schettz Eco~lorliic Developrltel2t Carporatioat authorizing a~1 ecorloulic de~=elopttsent agreefllerit; arrtfiotizirig certatu lierzeftts by artd to The City of Schertr arld the Ecorlorllic Developr11er1t Corporation prrrsraarlt thereto; acid other matters ir1 coriliectiorl there-t~itli" Pagc 2 of 4 SE17C Board Mlg. ivlimiics [0/l~412010 9. A motion to approve a resolution b}= tltc Board of Directors of the City of Schertz Economic Det=elopment Corporation authorizing an Econonuc Development agreement; authorizing certain benefits b}~ the City pursuant thereto; and other matters in connection tlteretvitlt Project'I'itne was made by Ms, A, Kiser. Seconded by Mr. R. Richard. Arlotiott passed unanimously. 10. Public Hearing, Discussion and Action approving rnetnbetsbip far an expendiritre riot to exceed $50,000 annually tbrattglr the end of fiscal year 2015 for membership irr the I,orre Star Rail District President opened the Public Hearing at approsintatel}~ b:57 p.m. President recognized lvlr. Brockman who voiced ltis concerns and opinions regarding this project. IVfr. Brockman pointed out that The City of Sehertz doesn't have a public transportation systettt to carry passengers of this rail system from tlvs point ott to an}~vltere else. President recognized lair. Fort=ler, tvlto spoke on ltis condition of Cit}= resident. dir. Fowler stated that lie did not know all the details as to holy people were going to get transportation to attd from the sub-station, but this project is one snore piece to fit in be City's Il~laster Plan which includes a traits station. President closed the Public Hearing at apprositnatel}= 7:02 p.tn. President proceeded to read the caption for the Resolution as follows: «Resohrtiorl Gar the City ofSclrertz Ecorroraaic Developrrierat Corporation ~utlrorizirlg experlditr~res ,fox anr~rral xilernbersfiip iii the Lode Star Rail District ~r1d the execr~tiorl ofcorltracts ir1 tJle firttlrernrtce tfieteof, at2d otlrermatters in canneetloa tlreten~tlt" lair. Jewell addressed the Board and elaborated on all die background points as shotvtt on the PowerPoint presentation prepared for debtxeftng of this agenda item. The Board held a disettssion. A-lr. Richards asked for the reason to cotntnit the SEDC for a five year period at once rather than revising dus project on annual basis. R~Ir. Jetve]I responded that the five year comntittnerzt teas put in place to tnittimize administrative procedures. I~Ir, 1Zichard proposed to consider breaking down the approval period. The President concurred and elpressed concerns about binding futttrc EDC Boards to this agreement as it reads. Ms. Kiser proposed to revise and to approve this project on a yearl}~ basis. A motion to approve the SEDC for funding of this project to be set on a yearly basis vvas made by Ms. A. Kiser. Seconded by Mr. R, Richard. I1~lotion passed unanimously. 11. Director's Report I4ir. Jewell brought the Board up to date on all projects. t1 sutrttnaty of current oatgoing projects tvas attacEted to the Board's Packet for prior review. The Board held a discussion and asked questions. i2. Requests by Board members that items are placed on a fttritte SEDC agenda The Board held a discussion regarding changing the meetings start up tithe. The Board agreed unanimously to change their meeting start up tune to 6:00 o'clock in the evenings of every second Thursday of each month. 13. Requests by Board members to Director and Staff for information Nane made. Page 3 of ~ SEDC Board A71g. rdinutes to/l~{l20t© 14. Adjourn. I~xesident adjourned the tneeting at appxositnateiy 7:2$ p.m. PASSED AND APPROVED THIS 9TH DAY OF DECEMBER, 2010 r H r ~Y/initu -President igelin 'ser - Vice P esident J. it t vu -Secretary/Treasurer Pagc ~ of 4 SF..DC Board Mtg, Minutes [©/I4i2010