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06-16-2011 MinutesSSCCIH[1C1RZ~C7L ECONOMIC DEVELOPMENT MINUTES CITY OR SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS Special Called Meeting Jtme 1G'~', 2011 The City of 5chettz Economic Development Corporation {EDC) attet for a Special Called Meeting on Thursday, June 1G~~, 20ll at 6:00 pan, in the Ciry Couaacil Chambers, 1400 Schertz Parkway, Schertz, Texas. 1. Call to order President called tltc meeting to order at approximately= 6:00 p.in. 2. Roll Call Board of Directors: Harry ~~ntitney=, President xl,ngeliita Kiser, PhD -Nice President Tian Brown, Treasurer/Secretary= Roy Richard, Esq. Rosetttary= Scott 114an=iat Thomas Staff John Kessel, Interim Executive Director Juan Santoya, finance Director Erin 11-fatlock, EDC Specialist II Patty Horan, Administrative Assistant Board member Holly I1rlcBrearty vas absent. Others Present; Carey Birattinghaui -Developer for SPV, Ventures LLC 3. Public comment None ~l. EXECUTIVE SESSION In accordance with section 551.©87 DELIBERATION REGARDING ECONOIVfIC DEVELOPI1~fENT NEGOTIATIONS; CLOSED ll-IEETING. This chapter does not require a governrental body= to conduct an open meeting: (1) to discuss or deliberate regarding cotntnercial or financial iitfortnation that the governmental body< has received from a business prospect that the governmental body seeks to have locate, sta}', or expand in or near the territory= of dte governmental body= and ~vitlt which the governmental body= is coftductittg eeonotnie development negotiations; or; (2) to deliberate the offer of a financial or outer incentive to a business prospect described by Subdivision (1}. (SPV Ventures, LLC} Start Titne: 6:03 p.m. End Tune: 6:"18 p.m. 5. RECONVENE TO REGULAR SESSION President reconvened to regxtl<~tr session at approximately at 6:19 p.an. Page I of 2 SF~G Board SG Mtg. Mimites D6/1Gt201 I 6. Discussion and appropriate action to authorize the Executive Director to take appropriate actions to proceed itt regards to SPV Ventures, LLC as discussed during closed sessio~~ I~resident recognized ~4r. Carey l3ittt~inghatn ~- SPAT Ventures, LLC Developer l1~lr. Birznv~gbam provided timelines on fizzances a~3d a progress report summary on the completion of dais medical facilities project. I7resident proceeded to read Resolution: " A Resolution by the Board of Directors of the City of Schettz Economic Development Corporation Authorizing a Subordination of Lien Agreement; acid Otlier Matters itr Connection Therewith" A motion to approve authorization to die Executive Director to take appropriate actions to proceed ur regards to SPV Ventures, LLC as discussed during closed session r~~as made by Ms. A. Kiser. Seconded by M. Thomas. Motion passed by=majority= vote (5) ~rve for and ('1) one abstention ~I4[r. Richard). 7. ADJOURN President ;tdjourned rte uheeting at approsirnately at 6:3D p.m. PASSED AND APPROVED THIS 28TH DAY OF JULY, 2011. ~, ..~, ' ~~ Tim Br vn ecretaty/Treasurer Page 2 of 2 SBDC 13aard SC Mig. A~1im~tes ~6/16I2011