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11-06-2012 Reg Mtg MinutesSScc~H~~c~Ri~r~ ECONOMIC DEVELOPMENT MINUTES CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING l~ovember 6th, 2012 The City of Schet~tz Economic Development Corporation (SEDC) Board of Directors met for a for a Regular Meeting on Tuesday, November 6th, 2012 at 12:00 p.m. in the City Council Chambers, 1400 Schertz Parkway, Schertz, Texas. 1. Call to order President called the meeting to order at 12:00 p.m. and welcomed everyone in attendance. 2. Roll Call and recognition of visitors Board of Directors: Harry Whitney, President Angelina Kiser, Vice President Tim Brown, Treasurer/Secretary Roy Richard Rosemary Scott Marvin Thomas Matthew Duke Others Present: Mayor Pro-Tem Antuna Maggie Titterington Geoffrey Pohna Lee Higgins Staff: John Kessel, City Manager David Gwin, SEDC Executive Director David Harris, Exec. Director of Support Bob Cantu, Chief of Staff Juan Santoya, Director of Finance James Walters, Finance Analyst Kyle Kinateder - ED Analyst Patty Horan -Administrative Assistant Jim Fowler - Councihnember Robert Brockman David Buck 3. Public comment None ITEMS FOR INDIVIDUAL CONSIDERATION: 4. 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 govei-ntnental body has received from a business prospect that the governmental body seeks 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 Dragon Page 1 of 3 SEDC Regular Mtg. Minutes 11/06/2012 Time Start: 12:02 pm Time End: 12:29 pm RECONVENE TO REGULAR SESSION 5. ACTION RESULTING FROM THE EXECUTIVE SESSION -Take any action deemed necessary as result of the Executive Session. No action was taken 6. PUBLIC HEARING - Hold a public hearing to Consider/Discuss/Act on approval to officially designate Project Dragon, in connection with a proposed Economic Development Incentives Agreement among the City of Schertz Economic Development Corporation, the City of Schertz, Texas, Guadalupe County, Texas, and Arnazon.com.kydc LLC, as an Economic Development project. (D. Groin-SEDC Exec. Director) President of the Board recognized Mr. Gwyn, SEDC Executive Director who dlen recognized members of the Project Dragon team who have been instrumental in the realization of this development. He then gave a PowerPoint Presentation with each slide depicting detailed descriptions of the location, scale of the structure, performance criteria, development incentives and rebate schedule taken into consideration for the project. Staff recommended approval. President of the Board opened the meeting for public comment: Time Start: 12:50 p.m. No public comment was received. Board Member Roy Richard congratulated the Staff for their work in seeing this project to completion. Time End: 12:55 p.m. 7. Consider/Discuss/Act on designation of Project Dragon, in connection with a proposed Economic Development Incentives Agreement among the City of Schertz Economic Development Corporation, the City of Schertz, Texas, Guadalupe County, Texas, and Amazon.com.kydc LLC, as an Economic Development project. (D. Groin-SEDC Exec. Director) A Motion to adopt designation of Project Dragon, in connection with a proposed Economic Development Incentives Agreement among the Cyty of Schertz Economic Development Corporation, die City of Schertz, Texas, Guadalupe County, Texas, and Amazon.com.kydc LLC, as an Economic Development project was made by Mr. Richard. Seconded by Ms. Kiser. Motion passed unanimously. S. Consider/Discuss/Act on approval of an Economic Development Incentives Agreement among the City of Schertz Economic Development Corporation, the City of Schertz, Texas, Guadalupe County, Texas, and Amazon.com.kydc LLC, and on recommendation to the City Council of the City of Schertz to approve Resolution No. 12-R-103 authorizing an Economic Development Incentives Agreement among the City of Schertz Economic Development Corporation, the City of Schertz, Texas, Guadalupe County, Texas, and Amazon.com.kydc LLC. (D. Groin-SEDC Exec. Director) A Morton to approve an Economic Development Incentives Agreement among the City of Schertz Economic Development Corporation, the City of Schertz, Texas, Guadalupe County, Texas, and Amazon.com.kydc LLC, and on recommendation to the City Council of d1e City of Schertz to approve Resolution No. 12-R-103 authorizing an Economic Development Incentives Agreement among the City of Schertz Economic Development Corporation, the City of Schertz, Texas, Guadalupe County, Texas, and Amazon.com.kydc LLC. was made by Mr. Brown. Seconded by Mr. Thomas. Motion passed unanimously, Page 2 of 3 SEDC Regular Mtg. Minutes 11/06/2012 9. ADJOURN President thanked all present and especially official representatives of Amazon.com for partnering with the City on the development of this project. President adjourned the meeting at 1:00 p.m. PASSED AND APPROVED THIS 29~ DAY OF NOVEMBER, 2012. a ~ .-- Harry hitney - resident Tim rown -Secretary/Treasurer Page 3 of 3 SEDC Regular Mtg. Minutes 11/06/2012