08-23-2012 Reg Mtg MinutesSSCCIH[lC]RZ~~7L
ECONOMIC DEVELOPMENT
MINUTES
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
Regular Meeting
August 23rd, 2012
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular
Meeting on Thursday, August 23rd, 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 6:00 p.m. and welcomed everyone in attendance.
2. Roll Call
Board of Directors: Staff
Harty Whitney, President David Gwin, SEDC Executive Director
Angelina Kiser, Vice President Juan Santoya -Finance Director
Tim Bro`vn, Treasurer/Secretary James Walters, Finance Analyst
Roy Richard Patty Horan, Administrative Assistant
Marvin Thomas
Rosemary Scott
Absent: Director Matthew Duke -excused absence.
Others Present:
Robert Brockman
3. Public comment
President acknowledged Mr. Brockman who commented on the perplexity of the City's proposal to purchase a
new fire truck with EDC Funds. Mr. Brockman questioned the request and asked questions about the EDC's debt
obligation and pay off status of the Municipal Complex buildings. He also pointed out a misprint on the budget
reported in the Herald Weekly Newspaper.
ITEMS FOR INDIVIDUAL CONSIDERATION:
4. Consider/Discuss/Act on approval of the Minutes for the Regular Meeting held on July 26~", 2012.
A motion to approve the Minutes for the Regular Meeting held on July 26~", 2012 was made by Mr. Brown.
Seconded by Mr. Thomas. Motion passed unanimously.
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5. Update on July 2012 Monthly Financial Reports and Refunding of Certificates of Obligations-Series 2007.
(James Walters/Finance Analyst)
Mr. Walters, Finance Analyst, provided a briefing on the SEDC Monthly Financial Revenue and Expense Reports
for the Month of July 2012. Finance Director, Mr. Santoya, provided a written report and a brief explanation on
the status of the Certificates of Obligations-Series 2007 which can not be refunded or called to possibly get a lower
rate unti12017.
6. Consider/Discuss/Act on approval of Chapter 380 Agreement with The Center for Entrepreneurship
iJTSA/SBDC Satellite Office in New Braunfels to promote economic development and to stimulate
business and commercial activity in Schertz. Initial incentive cost for the project is $20,000. Additional
incentive if the Center meets agreement criteria for the amount of $22,300. (David Gavin/Executive
Director)
Mr. Gavin updated the Board on the status and legal hurdles involved in this project. He explained that the goal
was to bring the contract with The Center for Entrepreneurship forward so that the EDC Board could take action
to fulfill the commitment made for funding of this project; unfortunately, the contract has not yet been signed due
to a disagreement on the reporting methodology and certification of services provided to our community.
No action was taken.
7. Director's Report:
Mi. Gavin provided brief updates on the following:
® Ordinance No. 12-T-15 City of Schertz Development Incentive Agreement Policy Update
Approved unanimously by City Council
® Development Agreement with 702 Group LLC Update
Approved unanimously by City Council
® Freeway Manor Subdivision Land Acquisition Update
Council approved the land acquisition. Seller withdrew the sale. Transaction did not take place.
® Updates on existing projects:
1. Caterpillar Expansion
-Phase II substantially completed
2. Baptist Emerus Hospital
- Project moving along as projected in the timeline
Mr. Gavin also presented pictures showing current status of other developments in the community.
Updates on events attended and to be attended:
1. Northeast Partnership Monthly Meeting -Universal City - 8/09/2012
-Attended the meeting
2. TEDC ED & Energy Summit -San Antonio - 8/23-24/2012
- ED Analyst will be attending to represent the EDC at this Summit
3. TexasOne Business Recruitment Mission & US Open -New York - 9/6-9/2012
- EDC Director will be attending this event
8. Requests by Board Members to Director for information.
None.
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9. 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 seeks to have
locate, stay, or expand in or near the territory of t1e 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 Future
There was nothing new to report at this time on this project. Executive Session was not conducted.
RECONVENE TO REGULAR SESSION
10. Discussion and appropriate action deemed necessary as discussed during Executive Session.
Executive Session was not conducted. Nothing was discussed - no action was taken.
11. ADJOURN.
President adjourned the meeting at 6:50 p.m.
PASSED AND APPROVED THIS 27th DAY OF SEPTEMBER, 2012.
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Har hitn -President
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Tim Broi - ~ecretary/Treasurer
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