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7-10-2018 Minutes SEDC Board Special Called MtgH ['7L ECONOMIC DEVELOPMENT CORPORATION MINUTES THURSDAY, JULY 10, 2018 The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Special Called Meeting on Tuesday, July 10, 2018 at 5:30 p.m. in the City Council Municipal Complex, City Council Chambers, Building No. 4, Conference Room, 1400 Schertz Parkway, Schertz, Texas. This is an open meeting, subject to the open meeting laws of the State of Texas. CALL TO ORDER 1. Roll call and recognition of visitors. President Brown called the meeting to order at 5:27 p.m. and welcomed everyone in attendance. The following being present and in attendance: Board of Directors: Staff: Tim Brown — President Paul Macaluso — Vice President Mark Tew Sammi Morrill Jesse Hamilton Directors absent: Roy Richard 2. Public comment. No public comments were made. Brian James — Acting City Manager Patty Horan — ED Executive Assistant Jennifer Kolbe — Business Retention Manager ITEMS FOR INDIVIDUAL CONSIDERATION 3. Consider /Discuss /Act on approval of an expenditure of SEDC funds for infrastructure improvements relating to the economic development performance agreement with Kellum Family Medicine, Inc. (B. James /J. Kolbe) Mr. James provided background information on the economic development performance agreement with Kellum Family Medicine, Inc. The agreement was presented to the SEDC Board of Directors during their regular monthly meeting held on June 28, 2018. Mr. James explained that during the review of documents to be presented to City Council for their meeting on July 10, 2018, some changes were made to the Kellum agreement to clean up some typos and to make the agreement clearer. Mr. James stated that although the changes were not of substance to the terms of the agreement, out of an abundance of caution, staff wanted to bring them back to the Board for ratification of the agreement with the changes. Moving forward, to avoid having to call the Board for a meeting, Mr. James advised for staff to add an item on future agenda to provide the Board with guidelines on the sort of changes that staff can make post - approval of Page 1 of 2 Schertz Economic Development Corporation Minutes 7 -10 -2018 documents. Ms. Kolbe walked the Board through the changes as follows: (Article 3 - "Infrastructure Improvements" to correct the reference to be Article V, Section 1 (not 3) and to eliminate a sentence in Article IV, Section 1. Language was added to Article VI, Section 2 (a) to clarify the obligations the company must meet per Article V to get paid. Mr. Brown reiterated that a public hearing was already held, but he opened up the meeting for any comments from public present. No comments were made. The Board held a discussion. A motion to approve the changes made to the agreement for an expenditure of SEDC funds for infrastructure improvements relating to the economic development performance agreement with Kellum Family Medicine, Inc. was made by Mr. Macaluso. Seconded by Mr. Hamilton. Motion passed unanimously. ADJOURNMENT President Brown adjourned the meeting at 5:35 p.m. MINUTES PASSED AND APPROVED THIS 23 DAY OF AUGUST 2018. 11-1 n1l Page 2 of 2 Schertz Economic Development Corporation Minutes 7 -10 -2018 Vice President /Treasurer /Secretary