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4-23-2015 Minutes SEDC Reg Board Mtg.docThe City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on Thursday, April 23rd, 2015 at 6:00 p.m. in the City Council Chambers, Conference Room, 1400 Schertz Parkway, Schertz, Texas. President Brown called the meeting to order at 6:00 p.m. and welcomed everyone in attendance. 2. Roll call and recognition of visitors. Tim Brown — President Angelina Kiser — Vice President Rosemary Scott — Secretary/Treasurer Roy Richard Absent: Directors: Grady Morris and Marvin Thomas Others Present: Juan Santoya - CoS Finance Director Gil Durant - CoS Dev. Services Anthony Harris Jill Carpenter Joshua Nolden Staff: John Kessel — City Manager 1,-'-yle Kinateder - SEDC Executive Director James Walters — Senior Budget Analyst Colin Sherman — ED Specialist Patty Horan — Executive Assistant - ED Charlie Zech - City/SEDC Attorney Michelle Sanchez - CoS Dev. Services Debora Fraser, Auditor - AVA Jan Haynie Robin Baldwin Lupita Buitron-Martinez 3. Introduction to the new EDC Executive Director, Mr. Kyle Kinateder. (J. Kessel Mr. Kessel introduced Mr. Kinateder to all present. Mr. Kinateder thanked everyone for the opportunity to serve the community again under a new capacity. He provided a brief professional background and shared his focus for capturing and building the community's potential for a long-term economic success. Page 1 of 4 Schertz EDC Minutes 4-23-2015 ITEMS FOR INDIVIDUAL CONSIDERATION: 4. Public comment. None 5. Consider /Discuss /Act on approval of the Minutes for the Board of Directors Regular Monthly Meeting held on Thursday, February 26th, 2015. (P. Horan) A Motion to approve the Minutes for the Board of Directors Regular Monthly Meeting held on Thursday, February 26th, 2015 was made by Mr. R. Richard. Seconded by Ms. R. Scott. Motion passed unanimously. 6. Consider /Discuss /Act on Independence Auditor's Report for the SEDC Annual Financial Report for the Year Ended September 30, 2014, (Debora Fraser, CPA - Armstrong, Vaughn and Associates) Ms. Fraser provided a briefing on the Independent Auditor's Report for the City of Schertz Economic Development Corporation Annual Financial Report Year Ended September 30, 2014. Ms. Fraser stated that the audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Corporation's basic financial statements. In her opinion, the SEDC financial statements presented fairly, in all material respects, the respective financial position of the governmental activities and major fund of the City of Schertz Economic Development Corporation, as of September 30, 2014 and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. The Board held a discussion, accepted and considered the report very reassuring. 7. Review of the SEDC Monthly Financial Report for the months of February and March 2015. (J. Walters) Mr. Walters provided an overview of the SEDC Monthly Financial Statement Report for the months of February and March 2015. 8. Presentation/ discussion and update regarding the 2012 ICC Building Code Adoption and Amendments. (M. Sanchez) Ms. Sanchez and Mr. Durant provided an overview /update on the International Code Council (ICC) 2012 Building Codes standards proposed for adoption. Page 2 of 4 Schertz EDC Minutes 4 -23 -2015 9. Update on Annual Development Incentive Compliance and Certification Process FY 2014. (K. Kinateder /C. Sherman) Mr. Kinateder provided an update on the 2014 Annual Development Incentive Compliance and Certification Report. He stated that every company was evaluated based on their performance according to the terms of their respective agreement. Mr. Kinateder provided results and identified challenges. 10. Consider /Discuss /Act on providing direction regarding Engineering Design Reimbursement Agreement with Titan Development. (J. Kessel) Mr. Kessel provided a brief background on the project. Mr. Kessel explained that the City stepped in to mediate discussions between Titan Development and Caterpillar to resolve a dispute over drainage issues affecting both sites. Mr. Kessel requested the Board's opinion and asked for their recommendation on how to proceed releasing City funds to cover cost of the engineering design. Mr. Kessel stated that no funds will be required from the SEDC. A Motion to recommend approval of payment to City Council regarding Engineering Design Reimbursement Agreement with Titan Development was made by Mr. R. Richard. Seconded by Ms. R. Scott. Motion passed unanimously. 11. Director's Report. (J. Kessel) Mr. Kessel provided highlights on the following events: • Events attended /to be attended SAMA 2015 Tradeshow and Forum - 4/15/2015 HEB Expansion - Grand opening - 4/17/2015 Amazon.com - Grand opening - 4/17/2015 12. Requests by Board Members to Executive Director for information. None. 13. EXECUTIVE SESSIONS A. 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 -009 Start Time: 7:30 p.m. End Time: 7:45 p.m. Page 3 of 4 Schertz EDC Minutes 4 -23 -2015 B. Called in accordance with Section 551.072 of the Texas Government Code, DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. A governmental body may conduct a closed meeting to deliberate the purchase, exchange, lease, or value of -teal property if deliberation in an open meeting would have a detrimental effect on the position of the governmental body in negotiations with a third person. 0 Project E-005 Start Time: 7:30 p.m. End Time: 7:45 p.m. President Brown reconvened the meeting back into regular session at 7:47 p.m. 14. Discussion and appropriate action deemed necessary as discussed during Executive Sessions. No action was taken. 09� President Brown adjourned the meeting at 7:47 p.m. 4, Rosemary Scott -® Secretary/Treasurer Page 4 of 4 Schertz EDC Minutes 4-23-2015