FEBRUARY 29, 1996
SCHERTZ DEVEWPMENT FOUNDATION
BOARD OF DIRECTORS MEETING
MINUTES
February 29, 1996
Lillie Maries
Item 1. The meeting
Board of Directors was
29, 1996, by President
of the Schertz
called to order
Tom Weaver.
Development Foundation
at 12:11 p.m., February
Members present:
Mr.
Ms.
Ms.
Mr.
Mr.
Mr.
Ms.
Tom Weaver
Jackie Jones
Sabina Neal
Kerry Sweatt
Lew Borgfeld
Mark Marquez
Denise Granger
- President
- Vice President
- Board Member
- Board Member
- Board Member
- Executive Director
- Recording Secretary
Item 2. Approval of Minutes (August 23, 1995):
Mark Marquez asked if Board Members would like to table the
minutes because they were not available prior to meeting time.
It was agreed that minutes be tabled until the next meeting.
Item 3. Review of Contract to Sell Lot 21:
Mark Marquez stated the owner of the property is Mr. Byrd.
Mr. Byrd owns several companies which sells and erects metal
buildings. His purpose for this property to put in a show
room for his wife's catering business. The building will be
about 4,000 square feet. There will be a small office, a show
room and there may be a small storage building in the back.
Tom Weaver asked where the lot
park. Mark Marquez showed a
indicating it was about half way
was located in the business
map of the business park
down from FM 1518.
Mark Marquez mentioned there are nine (9) lots in the business
park left to be sold. If this sale is approved by the board
members there will be eight (8) lots left.
Mark Marquez stated he has had a lengthy discussion with Mr.
Byrd on the property. Mr. Byrd has been made aware of the
covenants, building requirements, and the architectural
committee. The price is $10,000.00; .40 cents per square
foot. Mr. Byrd would also like to purchase the lot next to
this lot. The proposal Mark has given is for $1,000 earnest
money for one (1) year, which is nonrefundable. After the
year is over the $1,000 will be put toward the purchase price
of buying the lot. Mr. Byrd would like to put a 10,000 square
foot building on the second lot which he would lease. Mark
Marquez informed Mr. Byrd that Board Members would have to
approve this proposal first.
Mr. Sweatt asked if the option for one (1) year gives Mr.
Byrd the opportunity not to have to build for another two (2)
years? Mark Marquez agreed this is true.
Lew Borgfeld stated this would be a good deal, but there
should be another clause for first right of refusal.
Tom Weaver moved to accept the $1,000 earnest money with first
right of refusal to extend for one (1) year. After one (1)
year the $1,000 goes to the purchase of the lot. If Mr. Byrd
does not choose to buy the lot, the earnest money will be
forfeited. Mr. Sweatt seconded the motion which carried with
a unanimous vote.
Jack Jones moved to approve the sale for lot 21 to Mr. Byrd.
Sabina Neal seconded the motion which carried with a unanimous
vote.
Item 4. Executive Director's Comments:
Mark Marquez stated there is a wood molding company that is
looking into lots 7 & 8. The taxes for the City, County, and
School have all been paid. With this there is about 36,000 to
41,000 dollars in the bank. He has made a couple of purchases
such as; the Christmas decoration donation, letter head and
envelopes. He also put the ad in the paper welcoming the
Ramada Inn.
Item 5. Board Member Comments:
Jack Jones asked if the contract with Lee Boswell has
taken care of? Mark Marquez stated a letter was sent to
Boswell informing him of the deal.
Mark Marquez commented the building going up by Vallance will
be a Medical Clinic. They are going to be working out of a
temporary trailer for a couple of months until the other
tenants are out of the building.
been
Lee
Mr. Sweatt mentioned that the Board members are invited to
the ribbon cutting and grand opening of the Ramada Inn, March
4, from 4:30 - 6:30 p.m.
Mark Marquez
grand opening
invited.
mentioned Intsel Steel will also be
some time in April and the Board
having
will
a
be
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Tom Weaver mentioned if the City would be asking
increase in the sales tax now that Universal City has
it passed. There is no discussion at this time.
for an
gotten
Item 7. Set Next Meeting Date:
Lew Borgfeld asked that the meetings be as needed. If
everyone is not available there could be a phone poll to keep
business from having to wait.
Tom Weaver asked if at the next meeting all updated
information on property sold or going to be sold could be
available. Also, if a map of the business park would be
included. He also stated the next meeting could be set when
deemed necessary.
Mark Marquez mentioned the purchase of a display board for the
use of the Commission. Everyone agreed this item should be on
the next agenda with more detail to be discussed further.
Mark Marquez added the next meeting could be held in the
Ramada Inn conference room with Denny's catering.
Item 8. Adjourn.
Tom Weaver adjourned the meeting at 12:50 p.m.
-r~ L~
Tom Weaver '
President
~~
Recording Secretary
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