JANUARY 27, 1992
MINUTES OF THE REGULAR MEETING
TilE BOARD OF DIRECTORS
SCHERTZ DEVELOPMENT FOUNDATION, INCORPORATED
The regular meeting of the Board of Directors of the Corporation
was held at the Municipal Conference Room, 1400 Schertz Parkway,
Schertz, Texas on the 27th day of January 1992, at 7:00 o'clock
p.m.
The following Directors of the Corporation, being a quorum of the
Directors of the Corporation, were present and participated
throughout the meeting:
Char les McDonald, Pres Ident
Tom Weaver, Vice President
Jim Shr I vel', Secretary/Treasurer
Kerry Sweatt, Assistant Secretary
Mark Marquez, Executive Dlrecter
Charles McDonald,
and Jim Shriver,
meeting.
President, served as Chairman of the meeting
Secretary/Treasurer served as Secretary of the
The Minutes of the regular meeting of the Board of Directors held
on the 25th day of November 1991 and the special meeting held on
8th day of February 1992 were read and adopted.
Resolution No. 92-1 was presented by Mark Marquez to establish a
capital spending limit of $300.00 for the Executive Director In
the performance of day to day foundation business. After
dlscnsslon of the p,'oposed resolution, upon motion duly made,
seconded, and unanimously carried, Resolution No. 92-1 was
approved. After further discussion It was agreed to that
expenses Incurred by the Directors In the conduct of Foundation
business would be submitted to the Executive Director for
approval and payment on the a Request for Reimbursement form.
Resolution No. 92-2 was presented by Mark Marquez to provide a
grant to the City of Schertz In the amount of $500.00 to offset
the cost of npgrades to the City owned computer system. After
discussion of the proposed resolution, upon motion duly made,
s..cond..d, and unanimously carried, Resolution No. 92-2 was
approved.
Resolution No. 92-3 was presented by Mark Marquez to establish
accounting responsibility for Foundation funds with the City of
Schertz. After discussion of the proposed resolution, upon
motion duly made, seconded, and unanimously carried, Resolution
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No. 92--3 wa5 approved. After furthel' di5cussion it was agreed to
that (1) the Foundation would maintain a separate account at the
Schertz Bank and TI'ust; (2) that when required, the
Secretary/Treasurer would prepare the annual Internal Revenue
Service (IRS) Form 990, Return of Organization Exempt From Income
Tax; (3) the City will provide the Secretary/Treasurer with the
applicable accounting data and reports required to complete the
IRS Form 990, and (1) that the Secretary/Treasurer would
continue to hold the Foundation checking account checks, receive
the Schertz Rank and Trust monthly bank statements for updating
his checking account records, and then he would transfer the
statements to the City for updating the City's accounting
records.
A discussion was held on the funding for beautification projects
throughout the city. Kerry Sweatt advised that a local Boy Scout
Troop had volunteered to clean-up the Clbo10 Creek/FM 78 area
when the weather permits. Marl, Marquez advised the City's
Beautification Committee might be able to assist In these
proJects. It was agreed to that Mark Marquez would contact the
Beautification Committee advising the committee that the
Foundation would be willing to contribute matching funds for
proposed beautification projects.
({el'ry Sweatt and Mark Marquez advised that they and Lewis
Borgfeld attended a meeting with the Resolution Trust Corporation
(RTC) regarding the sale of properties at the Trl-County
Industrial Park and to determine how the RTC arrived at the
rather high sale price of the properties. After much discussion
with the RTC and related agencies, the RTC agreed to provide the
City with a copy of the appraisals used to determine the sale
price of the properties. After review of the appraisals, another
meeting will be held with the RTC to determine If an agreed sale
price of the properties can be reaehed. Mark Marquez will keep
the Foundation Informed of future developments.
Jim Shriver presented a proposed thank you letter to
Business Club, for the President's signature,
contribution of $100.00 to the Foundallon. It was
the letter would be presented as written.
the Schertz
for their
agreed that
Jim Shriver presented a proposed letter to local businesses, for
the President's signature, requesting contributions. It was
agreed that the letter would be rewritten as necessary, signed by
the President, and mailed to the businesses.
Jim Shriver presented the Treasurer's Report.
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Jim Shriver recommended the Foundation obtain a membership in the
Funding Information Center located at 507 Brooklyn, San Antonio,
Texas 78215-1799. The Foundation Information Center provides
research facilities and publications for those Involved In grant
research. Individual membership can be obtained for $25.00.
Upon motion duly made, seconded, and unanimously carried, it was
agreed that the Foundation would expend $25.00 for the membership
of Jim Shriver.
Jim Shriver asked the status of the Foundation business cards for
each Director. After further discussion, It was agreed that
bnslness cards would be obtained for Jim Shriver for his use in
estabilshing contacts with grant organizations.
Jim Shriver stated that the recommendations of Lawyer's Aid
Service, Inc. was for each Director to sign the Minutes of all
meet Ings. After further discussion, It was agreed that only the
President and the Secretary would need to sign the Minutes of
meetings.
Jim Shriver asked who is responsible for preparing the Agenda for
each meeting. Mark Marquez advised that he would prepare the
Agenda in coordination with the President.
Tom Weaver asked Kerry Sweatt of the current status
Lookout Road. Tom Weaver and Kerry Sweatt briefed
the proposed widening of Lookout Road.
of extending
the Board on
Upon motion
agreed that
February 21,
duly made, seconded, and unanimously carried, it was
the next regular Board meeting would be held on
1992 In the Municipal Conference Room at 7: 00 p.m.
There being
duly made,
adjourned.
no further
seconded and
business hefore the meeting, on motion
unanimously carried the meeting was
Da t ed :
February 24, 1992
Charles McDonald, President
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Jim Shriver, Secretary
The following documents have been appended to these Minutes:
Appendix:
1. Schertz Development Foundation Resolution No. 92-1.
2. Schertz Development Foundation Resolution No. 92-2.
3. Schertz Development Foundation Resolution No. 92-3.
4. Proposed draft letter dated January 27, 1992 for mailing
to local businesses requesting contributions.
5. Profit & Loss Statement for the period 12/1/91 through
12/31/91.
6. Data Entry Record for the Foundation Checking Account.
7. Request For Reimbursement form - Schertz Development
Foundation (sample).
8. Agenda for the January 27,
Foundation Board of Directors Meeting.
1992 Schertz Development
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