8-24-2017 Minutes SEDC Board Reg MeetingSCII[lC]RZ F7Z
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
CITY OF SCHERTZ
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MONTHLY MEETING
THURSDAY, AUGUST 24, 2017
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular
Monthly Meeting on Thursday, August 24, 2017 at 6:00 p.m. in the City Council Chambers, conference room,
1400 Schertz Parkway, Schertz, Texas.
CALL TO ORDER
1. Roll call and recognition of visitors.
President Brown called the meeting to order at 6:02 p.m. and welcomed everyone in attendance.
Board of Directors: Staff:
Tim Brown — President Kyle Kinateder
Gary Howell — Vice President Patty Horan —1
Roy Richard Jennifer Kolbe
Katie Chain Drew Vincent -
Victoria Readnour Ricardo Fraire -
Directors absent:
Paul Macaluso
Mark Tew
— SEDC Executive Director
xecutive Assistant - ED
— Business Retention Manager
- ED Analyst
- Finance Dept. Analyst
2. Public comment.
This time is set aside for any person who wishes to address the Board. Each person should fill out the Citizen's to be
Heard registry form prior to the meeting. Presentations should be limited to no more than 3 minutes. The presiding
officer, during the Public Comment portion of the agenda, will call on those persons who have signed up to speak in the
order they have registered.
No one spoke during public comment.
ITEMS FOR INDIVIDUAL CONSIDERATION
3. Consider /Discuss /Act on approval of the Minutes for the Board of Directors Regular Monthly Meeting
held on Thursday, July 27, 2017 (P. Horan)
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A motion to approve the Minutes for the Board of Directors Regular Monthly Meeting held on
Thursday, July 27, 2017 was made by Mr. Richard. Seconded by Mr. Howell. Motion passed
unanimously.
4. Review of the SEDC Monthly Financial Report for the month of July 2017. a. Walters)
Mr. Fraire attended the meeting in place of Mr. Walters. He provided an overview of the revenue and
expense report (unaudited) as of July 31St. Major highlights included a total cash & investments total of
$13,857,150.26 and a total sales tax revenue increase of 8.3% for the year -to -year comparison.
5. Director's Report. (K. Kinateder)
Project updates
Mr. Kinateder reported that the building permit for Texas Plumbing Supply Co. Inc. has not
been issued and it's unlikely that they'll be able to meet the project deadlines. Evestra, Inc. has
received a temporary permit which allows them to start moving in. They're working on
obtaining their permanent certificate of occupancy by Oct. 31. Once the permit has been issued,
staff will process the grant payment.
• Businesses visited
Caterpillar — 6800 Doerr Lane, Schertz, TX
Theis Distributing —17984 Red Iron, Schertz, TX
Events attended
Manufacturers roundtable —1400 Schertz Parkway, Schertz, TX
Hitting it out of the park — Team Texas — Arlington, TX
6. REQUESTS AND ANNOUNCEMENTS
A. Announcements by City staff-
The following announcements were made:
• Committee of Committees Advisory Board (CCAB) Report — Aug. 16, 2017
President Brown provided a quick overview of the CCAB meeting.
• Office closed — Labor Day — Sep. 4, 2017
• SchertzQ — Sep. 15 -16, 2017
• Manufacturing Day — CalTex Plant Tour — Oct. 6, 2017
B. Requests by Board Members to place items on a future SEDC Board Meeting agenda.
No requests were made.
President Brown recessed the open session at 6:16 p.m.
7. EXECUTIVE SESSION
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
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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 -032
• Project E -033
Start Time: 6:18 p.m.
End Time: 7:04 p.m.
RECONVENE TO REGULAR SESSION
President Brown reconvened into regular session at 7:05 p.m.
8. Discussion and possible action to authorize the SEDC Executive Director to take the necessary and
appropriate actions to proceed with negotiations based on discussions held in Executive Session under
Agenda Item No.7 -A:
• Project E -032 — Ace Mart Restaurant Supplies Co. — Discussion, public hearing, and
possible action relating to an expenditure of SEDC funds to assist a transportation and
warehousing project.
• Project E -033
President of the Board opened the meeting for public comment:
Time start: 7:06 p.m.
There was no public present. No comments were made.
Time end: 7:06 p.m.
A motion to recommend that the City Council authorize the related expenditure of an economic
development incentive agreement among the SEDC and Ace Mart Restaurant Supplies Co. as outlined
in the Agreement was made by Ms. K. Chain. Seconded by Mr. R. Richard. Motion passed
unanimously.
President Brown adjourned the meeting at 7:07 p.m.
MINUTES PASSED AND APPROVED THIS 26 DAY OF OCTOBER
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o — Treasurer/ Secretary