3-28-2013 Minutes SEDC Board Reg Mtg (2)SS(C1H[lE1Rl~[' l
ECONOMIC ®EVELOPMEI~!'f
LJ E
CITY F SCIiERTZ
ECNMIC DEVELPMENT C®RP TIN
® D F DIRECT®RS
GU MEETING
Marcia 28`h' 2013
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular
Meeting on Thursday, Marcia 28`h, 2013 at 6:00 ja. in the City Council Chambers, 1400 Schertz
Parkway, Schertz, Texas.
1. CALL T® RDER
2. Roll call and recognition of visitors.
hoard of Directors:
Tim Brown, President
Angelina Kiser, Vice President
Rosemary Scott, Treasurer/Secretary
Roy Richard
Marvin Thomas
Grady Morris -arrived at 6:10 p.m.
Sta€f.
David Gwin, SEDC Executive Director
Josh Schneuker, ED Specialist
Patty Horan, Administrative Assistant
Absent: Matthew Duke
Others Present:
Maggie Titterington, Schertz Chamber of Commerce
Michael Dahle
Tivy Whitlock
3. Public Comment.
Mr. Dahle and Ms. Whitlock intYOduced themselves as members of the Core Leadership Program
sponsored by the Schertz Chamber of Commerce. They were attending to meet one of the program
requirements.
ITEMS F®R INDIVIDUAL C®NSIDE TIN:
Page 1 of 4 Schertz EDC Minutes 3 28 2013
4. Consider/Discuss/Act on approval of the Minutes for hoard Regular Monthly Meeting held
on Thursday, February 28t`', 2013.
A Motion to Approve the Minutes for Board Regular Monthly Meeting held on Thursday, February
28~', 2013 was made by Ms. Kiser. Seconded by Mr. Thomas. Motion passed unanimously.
5. Review of the February 2013 SEDC Monthly Financial Reports. (D. Ciwin-Executive Director)
Mr. Gwin provided an overview of the SEDC Financial Statements for the month of February 2013.
6. Consider/Discuss/Act on approval of Mid-Year budget Adjustments and Transfers. (D.
CUwin-Executive Director)
Mr. Gwin explained that the proposed Mid-Year Budget adjustments were needed to better reflect
accuracy of all expenses incurred this fiscal year. The adjustments included the addition of a goodwill
line item and payment of unforeseen legal services resulting from proceedings related to economic
development projects for the City. A total of $41,000 was transferred from other accounts within
the existing budget.
A Motion to approve the Mid-Year Budget Adjustments and Transfers as presented in the SEDC
Mid-Year Budget Adjustment Report was made by Mr. Richard. Seconded by Mr. Thomas.
Motion passed unanimously.
Mr. Grady joined the Board meeting at 6:10 p.m.
Mr. Gwin explained that the new form will serve as a tool to be used in the process as it relates to
updating contact information in active development agreements.
A Motion to approve recommendation fox approval by City Council of Resolution No. 13-R-29
authorizing a Change of Name Amendment form to pei7nit certain businesses with active
development incentives agreements under Section 312 and/or Section 380 of the Texas Property Tax
Code to reflect a change in the organization's legal name was made by Mr. Richard. Seconded by
Mr. Thomas. Motion passed unanimously.
Page 2 of 4 Schertz EDC Minutes 3 28 2013
8. Consider/Discuss/Act on recommendation for approval by City Council of ®rdinance 13-T-
09 approving an amendment to the tax abatement agreement with ~Talero Diamond, L.P. (D®
Gwin-Executive Director)
Mr. Gwin explained that Valero Energy Corporation had formed a new partnership to spin off its
Corner Store businesses. CST Diamond L.P. ("CST") will not only be managing all the stores but has
also been identified as the new lessee. These modifications require an amendment to the current
development agreement to comply with the annual certification process. No changes other than
company name and property ownership will be made to the terms of the Agreement.
A Motion to approve recommendation for approval by City Council of Ordinance 13-T-09
approving an amendment to the tax abatement agreement with Valero Diamond, L.P. was made by
Mr. Morris. Seconded by Ms. Kiser. Motion passed unanimously.
9. Consider/Discuss/Act on recommendation for approval by City Councfll of Resolutflon 1®t®.
13-R-17 of a new Contact Information Amendment Form to officially update contest
information on existing development agreements -Revised. (David Gwin-SEDC Executive
Director)
Item was considered, discussed and acted on during Board Meeting held in February 28t'', 2013. Item
was brought back to show requested Board changes reflected in the form.
A Motion to approve recommendation for approval by City Council of Resolution No. 13-R-17 of a
revised new Contact Information Amendment Form to officially update contact information on
existing development agreements was made by Mr. Richard. Seconded by IVIr. Thomas. Motion
passed unanimously.
10. Director's Report:
Mr. Gwin provided a brief update on the following items:
® Re-launch of new SEDC Website
Mr. Schneuker provided an overview of the redevelopment process of the new website
® Updates on existing projects:
1. Amazon.com
Project progressing as scheduled
2. Baptist Emerus Hospital
Project is ready for State Inspection
® Updates on events attended and to be attended:
1. TexasOne -Board Meeting - 3/7/2013
Attended -Provided summary of events
Page 3 of 4 Schertz EDC Minutes 3 28 2013
2. Best Western -Site Visit - 3/7/2013
Toured the facilities
3. Northeast Partnership Monthly Meeting - 3/14/2013
Attended
4. Sysco -Site Visit - 3/19/2013
Toured the facilities
5. Schertz Chamber of Commerce Monthly Luncheon - 3/19/2013
Attended
6. Community Budget Meeting - 3/20/2013
Attended -Provided financial overview for the SEDC Budget
® Apprise on next month's Board meeting
Made the Board aware of a tentative cancellation of next month's Board Meeting. Notice will
be provided well ahead of time.
11. Requests by hoard Members to Director for information.
No items were requested.
Za. J®ITRlol
President Brown adjourned the meeting at 7:08 p.m.
PASSED A~1D AT'PR®~TED 'I'I-CIS 23`d DAB' ®F' ~' 2®13.
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'T'irn drown - President
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Rosemary Scott -Secretary/'T'reasurer
Page 4 of 4 Schertz EDC Minutes 3 28 2013