03-10-2011 Minutes55<c~H~~~~Ri~r~
ECONOMIC DEVELOPMENT
MINUTES
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
Regular Meeting
March 10th, 2011
The City of Schertz Economic Development Corporation (EDC) suet for a Regular Meeting an Thursday,
March 10'h, 2011 at G:00 pm. in the City Council Cha~nhets, 1400 Schertz Parkway, Schertz, Texas.
1. Call to ardet
President called the meeting to order at approutnatelj= 6:00 p.tn.
2. Roll Call
Board of Directors:
Harm= Wlvtney, President
Angelina Kiser, ~,~ice President
Rosctnaty Scott
Roy Richard, Fsq.
A~iat~=in Thomas
Staff:
Don Taplor, Interim EDC Director
David Harris, Assistant Ci€~= I1-Ianager
]uan Santoya, Fi3~ance Director
Erin A~fatlock, EDC Specialist
PattS= Horan, Administrative Assistant
Absent;
Board l~rietnbers Tito Brost=n and Hopp ]IlcBrearty ~vere abseEtt due to previous cotntx~itments.
Others Present;
Deborah Fraser -~ CPA/Annstrong, ~Taughan & Associates
Freddie Degollado - Yl1-ICA/Schertz Chamber of Commerce Representative
Robett Brockman -Resident
3. Public comment
A~Ir. Brockman asked the hoard if the Caterpillar Project lead been given an}= incentives. Staff provided a short
detailed description of the incentive agreements that the Caterpillar Project clualif[ed for.
4. Approval of Regular Meeting Minutes dated; January 13~~, 2011.
A motion to approve the I1~Iinutes for the Regular Nfeeting held on ~anuary* '13th, 2011 vas made by Ms. R. Scott.
Seconded by Mr. M. Thomas. i1~Iotion passed unanicnously.
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SF,DC Board Reg. Mtg. Minutes 04/14/201
5. Update on January 2011 Monthly Financial Report (Juan Santoya/Finance Director.
The President recognized lllfr. Santoya who rendered report on financial status and went over details listed on die
Revenue and E~pectse Rcpart; Cash in Bank and Investments, EDC Sales Tai and January 2011 Payable Reports
as of Januai}~ 315, 2011. NIr. Sacttoya noted drat the biggest expense for this period here the February= payments
for the Band Issues of about X600,000.00. IIe concluded iris briefing stating drat rite EDC is keeping up with die
projections.
No action was taken.
6. Independent Auditor's Report -EDC Annual Financial Report for the year ended September 3fl, 201fl.
(Deborah Fraser,CPA/Armstrong, Vaughan & Associates)
The President recognized ~4s. Fraser who rendered the Independent Auditor's Report for the year ended
September 30~h, 2010. She explained that their report is in compliance with rite Government Accounting
Standards Board. The audit was performed for rite purpose of foruung an opinion on die Fnancial statements that
collectively= comprise the City of 5cltertz EDC's ftnancial statements as a whole. 'I'he layout of die report is in Full
Accrual basis and 141odified tlecrual Basis. 'l'ire Full Accntal basis shows all rite assets and debts that rite EDC has
throughout the rest of the year. The A-Iodified tlccrual basis shows die current resources of rite EDC plus only GO
days of extra revenue and it only shows rite debt payment of the current year. The debt is not shown as a liability
but as a current payment. The Auditors dten reconciled both layouts. This metEtad is applied to budget for rite
year. I1~Is. Fraser provided a dtorough presentation and went over die information shown on the report
etnphasixing on die lugltligltts for die Corporation's net assets, total revenues, and expenses. She concluded iter
briefing saying that after al[ adjustments were made, die tludit Opinion states drat die Financial 5tateinents are
materially correct and fairly stable. 'I1te Board held a discttssiort and unanimously accepted die audit as presented
7. Update on rite Gateway Planning Group suntmaty of expenses up to date on the I-35 TOD/I-1fl
Initiative. (David Harris/Assistant City Maaaget}
The President recognized i\~Lr. David Harris wlto rendered a brief status report on the Charrette Planning and
Designing sessions.
8. Discussion and consideration arad/ot action to approve partnership ltrith New Braunfels EDC appro~~ing
expenditures of tip to $2a,000.fl0 an a proposal to build a Center for Entreprerteursltip ~ritlt the purpose
of establishing a Snrall Business Development Center (SBDC) Satellite Center in Ne~v Braunfels as part
of UTSA's Instihtte for Ecortornic Development. (David Harris/Assistant City Manager)
Tire President recognized ~Ir. I-larris who gave a recap on this item originally introduced by= tl-lr. 1l~Iichael
Meek/President of New Braunfels Chamber of Contiuerce during die Jan, 13, 20"11 Board D~feeting. The Small
Business Development Center (SBDC) will be located i,t New Braunfels but will seize the Guadahtpe and Corral
counties wilt die benefit of affiliation wilt die University= of Texas at San Antonio (L7TS.r1) through the Institute
For Economic Development (IED). The SBDC network is a nationwide program sponsored on die federal level by
the Senall Business Administration (SBA) and met with matclurtg funds on die state and local level. tl~ir. l-iarris
filrther explained that the satellite center provides a more convenient sen~ice location to patrons in dux area. The
annual budget for this branch location is as follows:
New Braunfels Chamber of Cotntnerce ~ $4,607.50
Seguin EDC ~ 42,303.75
Schertz EDC $ 42,3D3.75
TOTAL ~ IG9,215.00
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SI"sbC Board Reg. Mtg. Minutes U4114/2t}l 1
The Board held a discussion and concurred to approve die spending of fitnds for dte f€rst year of rl~is project wilt
the condition that they will develop a test measurement of success and accountability= by dte end of the year. The
Board also requested tltc development of a proFrle report of all participants ht this program outlining their place of
residence, age and education level. SchertL EDC agreed to fiend X20,000.00 for the remainder of dte current fiscal
year and will consider full-year funding for next ftscal y=ear during up-cotrting budget deliberation.
A motion to approve the partaersltip with New Braunfels EDC approving expetadihires of up to
$20,000.00 on a proposal to build a Center for Entrepreneurship with the purpose of establishing a Small Business
Development Center (SBDC) Satellite Center let New Braunfels as part of UTSA's Institute for Economic
Development wide conditions as outlined duric3g dte discussion vas made by Mr. R. Richard, Seconded by
Mr. M. Thomas. Motion passed tinanimotcsly.
9. Discussion and consideration and/or action to approve amending the Tax Phase-itt Agreement, dated
February 152. 2008, with Corridor Hotel II, Ltd. to modify die paymetrt schedule and to extend the
expiration date of Hie agreement to December 31, 2016. {Erin Matlock/ED Specialist II}
President recognized 14Is. n~fadock who explained drat dtis item is still under consideration for agreement on dte
expiration date of dte abatement bct<veen die City and the Owner. She requested that the Board table this item.
The Board concurred Ms. A-ladock briefed dte Board on the 2010 Abatement Certified Appraisal Roll for Corral
and Guadalupe Counties.
10. Update on the hiring process for the uew EDC Director's vacant position. {Dort Taylor/Interim Director)
President recognized 1\<ir. Don Taylor who briefed the Board on the status for dte ltixiitg of the new EDC
Executive Director's vacant position. Ivlr. Taylor reported that the elected candidate is A~lr. John Kessel ~vho holds
dte title of Executive Director for Development Services for the City of A~IcKinney,'lexas. I1~1r. Kessel's start up
date will be I14arch 28, 2011.
No action was takect.
11. Director's Report
11~Ir. Taylor, briefed dte Board on current EDC related activities, acutottncements and current projects lvghlights as
follows:
Schertz Medical Home - RAMC medical clinic opening
I-letting the Green Bus 'l'our - I-10/35 Economic Development Alliance
12. Requests by Board members that items are placed on a fi-tttte SEDC agenda
None.
13. Requests by Board members to Director attd Staff for information.
Nacre.
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SEDC 13o:2rd lleg. Mtg. R4im~tes 04/t~1/201 t
14. Adjourn.
President adjourned the meeting at :~ppro~itnately G:5G p.m,
PASSED AND APPROVED THIS 14T~~ DAY OF APRIL, 2011.
.~
Harry Wliitge -President
~i~
Tim ~ owi- -Secretary/Treasurer
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SEDC Board Reg, h~1tg. h4ietules Oa/[~/2011