JULY 29, 1999
SCHERTZ DEVELOPMENT FOUNDATION
BOARD OF DIRECTORS MEETING
MINUTES
July 29,1999 -7:00 p.m.
Municipal Complex
ITEM # I CALL TO ORDER: Chairperson Jackie Jones called the meeting of
the Schertz Development Foundation Board of Directors to order at 7:00 p.m.
Those present:
Staff
Jackie Jones
Don Jeffreys
John Sheridan
Kerry Sweatt
Mark Marquez-Executive Director
Teresa Prigmore-Rec. Secretary
ITEM #2 APPROVAL OF MINUTES FROM II MARCH 1999:
Board members reviewed minutes of the 11 March 1999 meeting. Mr. Jeffreys
moved to approve the minutes as written. The motion was seconded by Mr.
Sheridan and carried unanimously.
ITEM #3 REVIEW/DISCUSSION OF LOT SALES AND FUTURE PURCHASES:
Mr. Marquez stated that he would contact Mr. Olson regarding the lot purchase
that Mr. Olson still has not completed. Mr. Sweatt suggested informing Mr.
Olson in writing with a deadline for closure.
The board members asked Mr. Marquez to obtain some price quotes for
mowing the lots that the foundation still owns.
Board members discussed in length the possibility of acquiring the lot next to
Commercial Place. Mr. Sweatt suggested that the asking price is too high at
present and the board should look into financing options and a barter option
while waiting for the price to come down.
ITEM #4 EXPENDITURE RESOLUTION FOR AUSTIN/SAN ANTONIO
CORRIDOR COUNCIL DUES:
Board members reviewed and discussed the expenditure resolution for the
dues to the Austin/San Antonio Corridor Council. Mr. Jeffreys moved to
approve Resolution 99-1. The motion was seconded by Mr. Sheridan and
carried unanimously.
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ITEM #5 REVIEW/DISCUSSION OF AUDIT:
Mr. Marquez discussed the audit and a letter of engagement from Thompson,
Williams, Biediger, Kastor & Young, L.C. Mr. Sweatt moved to accept the audit
and the engagement letter. The motion was seconded by Mr. Jeffreys and
carried unanimously.
ITEM #6 OLD BUSINESS:
Mr. Marquez gave updates on the Tri-County Business Park progress.
ITEM #7 NEW BUSINESS:
There was no old business.
ITEM #8 COMMENTS BY BOARD MEMBERS:
There were no comments from the board members.
ITEM #9 COMMENTS BY EXECUTIVE DIRECTOR:
Mr. Marquez suggested that the board select a regular meeting date and time to
ease meeting coordination. The board members discussed the suggestion and
decided to hold regular meetings every other month on the second Tuesday at
8:45 a.m. at Denny's. The next meeting will be September 14th.
ITEM #10 COMMENTS BY CHAIRMAN:
There were no comments from the Chairman.
ITEM #11 ADJOURN:
The meeting was adjourned at 8:00 p.m.
10r Teresa Prigmore
Recording Secre
J Jones
C airperson
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