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06-28-2012 Reg Mtg MinutesSSCCIH[1C1RZ~C7L ECONOMIC DEVELOPMENT MINUTES CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS Regular Meeting June 28, 2012 The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Meeting on Thursday, June 28th, 2012 at 6:00 pm. in the City Council Chambers, 1400 Schertz Parkway, Schertz, Texas. 1. Call to Order President called the meeting to order at 6:01 p.m. and welcomed everyone in attendance. 2. Roll Call Board of Directors: Harry Whitney, President Tim Brown, Treasurer/Secretary Roy Richard Rosemary Scott Matthew Duke -Arrived at 6:35 p.m. Board Members Absent: Angelina Kiser, Vice President Marvin Thomas Staff: John Kessel, City Manager David Gwin, SEDC Executive Director Bob Cantu, Chief of Staff Juan Santoya, Finance Director Kyle Kinateder, EDC Analyst Joshua Schneuker, EDC Specialist Patty Horan, Administrative Assistant Mr. Whitney introduced Mr. Joshua Schneuker, EDC Part-Time Specialist, to the Board. Mr. Schneuker provided a brief summary of job duties and professional background. He thanked the Board for the warm welcoming to the EDC Staff Team. Others Present: None 3. Public Comment None ITEMS FOR INDIVIDUAL CONSIDERATION: 4. Consider/Discuss/Act on approval of the Minutes for the following meetings: • Regular Meeting held on May 24th, 2012 • Special Called Meeting held on June 1St, 2012 A motion to approve the Minutes for the Regular Meeting held on May 24th, 2012 and the Special Called Meeting held on June 1St, 2012 was made by Ms. Scott. Seconded by Mr. Brown. Motion passed unanimously. Page 1 of 3 SEDC Reg. Mtg. Minutes 06/28/2012 5. Update on SEDC May 2012 Monthly Financial Reports (James Walters/Finance Analyst) Mr. Santoya, Finance Director, in place of Mr. Walters, provided a briefing on the SEDC Monthly Financial Revenue and Expense Reports for the Month of May 2012. 6. Consider/Discuss/Act on approval of ED Incentive Policy (David Groin/SEDC Executive Director) Mr. Groin provided a brief history on the Economic Development Incentive Policy. He stated that under State Law, the City is required to have a program and policy in place in order to grant public funds and/or resources for economic development incentives to private entities. The State also requires that such policies be reviewed every two years. Mr. Groin presented the Board with a revised copy of the existing policy with minor changes. Mr. Gavin highlighted and explained some of the edits made to the old policy. He also explained the process of adoption, acceptance, and recommendation of the new policy to the City, which will require final approval from City Council. A motion to approve the adoption and recommendation of the new ED Incentive Policy to City Council was made by Mr. Richard. Seconded by Mr. Brown. Motion passed unanimously. 7. Consider/Discuss/Act on regional ED efforts and future direction (David Groin/SED Executive Director) In connection with the SEDC Cost Saving Measures and Controls, Mi. Gavin presented the Board a PowerPoint slide show listing all the EDC's current regional marketing efforts. The presentation showed the costs associated with each regional membership. Mr. Groin demonstrated the importance of a regional marketing program for the City and provided input comparing strategies that maximize results and minimize staff time, cost and effort. He also asked the Board to help better define the focus of the SEDC's regional role and goals to provide a greater sense of purpose when investing financial and staff resources to promote the City of Schertz. Mr. Groin discussed flee 10/35 ED Alliance and The Center for Entrepreneurship. These organizations have not produced significant results per the amount of effort and investment currently involved. Mr. Kesel, City Manager, agreed with the findings and expressed support for a discontinuation of those programs. The Board deliberated on the findings and asked Mr. Groin to replace these programs with more strategic regional efforts such as the TexasOne Program. A motion to approve the discontinuation of the agreements with the 10/35 ED Alliance and The Center for Entrepreneurship and direction to register in the TexasOne Program was made by Mr. Richard. Seconded by Ms. Scott. Motion passed unanimously. 8. Director's Report: Mr. Gavin briefed the Board with updates on the following: ® SPV Lien Subordination request and follow up conversation o Met with Mr. Winningham as directed. Provided update on loan status and future plans. ® Promotional Business Events -First Voice Luncheon o To be held on Tuesday, July 10~, 2012 at 11am at the Civic Center ' ® Introduction of ED Specialist Joshua Schneuker o Mr. Whitney introduced Mr. Schneuker at the beginning of the meeting ® Updates on events attended and to be attended: 1. NAM's Annual Manufacturing Summit -Washington DC -June 6-7, 2012 2. IEDC -International Committee Advisory -Monthly conference call meeting -June 28, 2012 3. NEP -Northeast Partnership o ED Committee Monthly Meeting o Strategic Planning Meeting -June 22, 2012 Page 2 of 3 SEDC Reg. Mtg. Minutes 06/28/2012 4. 10/35 ED Alliance o Monthly Meeting in Seguin -June 28, 2012 o TexasOne Business Recruitment Mission to San Francisco, CA -July 23-24,2012 5. Schertz Chamber of Commerce o Monthly Luncheon 0 7th Anniversary -Event Mixer 6. Charrette Sessions -June 25-2G, 2012 9. Requests by Board Members to Director for information The Board requested updates on the Budget FY 2012-2013 and status on the Lone Star Rail Committee. 10. EXECUTIVE SESSION -Called in accordance with Section 551.087 of the Texas Government Code, Deliberation Regarding Economic Development Negotiations; Closed Meeting. The governmental body is not required to conduct an open meeting (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeps to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision • Project Nova • Project Brown • Project Diesel Time Start: 7:17 p.m. Time End: 7:43 p.m. RECONVENE TO REGULAR SESSION Board reconvened to regular session at 7:44 p.m. 11. Discussion and appropriate action deemed necessary as discussed during executive session No action taken 12. ADJOURN President adjourned the meeting at 7:45 p.m. PASSED AND APPROVED THIS 26th DAY OF JULY, 2012. t Harry Wh' n y -President a ~,. Tim Brown,'` Secretary/Treasurer U Page 3 of 3 SEDC Reg. Mtg. Minutes 06/28/2012