2-27-2014 Agenda SEDC Reg Board MtgPage 1 of 2 Schertz EDC Agenda 2-27-2014
NOTICE OF MEETING
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MONTHLY MEETING
AGENDA
THURSDAY, FEBRUARY 27TH, 2014
The City of Schertz Economic Development Corporation (SEDC) Board of Directors will meet for a
Regular Monthly Meeting on Thursday, February 27th, 2014 at 6:00 p.m. in the City Council Chambers,
Conference Room, 1400 Schertz Parkway, Schertz, Texas. This is an open meeting, subject to the open
meeting laws of the State of Texas. Notice of time, date, place, and agenda is hereby posted on or before
Monday, February 24th, 2014 at approximately 5:00 p.m., as required by law. This facility is wheelchair
accessible and accessible parking spaces are available. Audio units for the hearing impaired are available for
any meeting. If you require special assistance please call 210-619-1030 at least 24 hours in advance of
meeting.
1. CALL TO ORDER
2. Roll call and recognition of visitors.
3. Public comment.
ITEMS FOR INDIVIDUAL CONSIDERATION:
4. Consider/Discuss/Act on approval of the Minutes for the Special Called Board Meeting held on
Friday, January 17th, 2014.
5. Consider/Discuss/Act on Independent Auditor’s Report for the SEDC Annual Financial Report for
the Year Ended September 30, 2013. (Deborah Fraser, CPA/Armstrong, Vaughn and Associates)
6. Review of the SEDC Monthly Financial Report for the month of January 2014. (J. Walters – Finance
Analyst)
7. Consider/Discuss/Act on a budget adjustment request for the Development Agreement, GE Oil and
Gas, Inc. (D. Gwin – Executive Director)
Page 2 of 2 Schertz EDC Agenda 2-27-2014
8. Update on Annual Development Incentive Compliance and Certification Process FY 2013. (D. Gwin
– Executive Director)
9. Consider/Discuss/Act on a request for a Contact Information Amendment application form to
update name and/or address of primary company officials to receive notifications related to
economic development agreement information for the following entities: Corridor Hotel Ltd.,
Corridor Hotel II, Ltd., and Capital Group Companies, Inc. (D. Gwin – Executive Director)
10. Update on SPV Ventures, LLC payment of principal on note. (D. Gwin – Executive Director)
11. Consider/Discuss/Act on changes to a First Amendment to the Development Agreement with
Amazon.com. (D. Gwin – Executive Director)
12. Director’s Report. (D. Gwin – Executive Director)
Projects Updates
Events attended/to be attended Updates
13. Requests by Board Members to Director for information.
14. 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
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.
Project E-003
RECONVENE
15. Discussion and appropriate action deemed necessary as discussed during Executive Session.
ADJOURN
I certify that this agenda was posted on or before Monday, February 24, 2014.
David Gwin
David Gwin, SEDC Executive Director