20190523 Minutes SEDC Board Reg Mo MtgMINUTES
THURSDAY, MAY 23,2019
The City
• Schertz Economic Development Corporation (SEDC) Board • Directors met for a
Regular Monthly Meeting on Thursday, May 23, 2019 at 6: 00 p.m. in the Hal Baldwin Municipal
Complex, Council Chambers, Building No. 4, Conference Room, 1400 Schertz Parkway, Schertz,
Texas. This is an open meeting, subject • the open meeting laws • the State of Texas.
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Board President Macaluso called the meeting to order at 6:03 p.m. and welcomed everyone
in attendance.
concluded his presentation stating that the beautification of these areas could set the City
apart and promote economic development.
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Presentations
4. SEDC monthly financial statement: April 2019. (J. Walters)
Mr. Walters reported that sales tax for April saw a 3.8% decrease from April 2018. This
continues the trend staff has seen about the market leveling out after the explosive growth
seen in FY 2017-18. Overall the 12-month average is still 7.5% showing continued growth.
April statement shows the second half of the contract services payment with the City of
Schertz for $228,787.
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Ms. Kolbe stated that the Business Retention and Expansion (BRE) Quarterly update
included in the Board packet provides an overview of the SEDCs BRE efforts and reports
on annual progress via key performance indicators. She briefly touched basis on activities
conducted for the period covering February 1 through April 30, 2019 including one
roundtable, two special events, and ten retention visits.
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Items for individual consideration
7. Consider/Discuss/Act on approval of the minutes for the Board of Directors Regular Monthly
Meeting on Thursday, April 25, 2019. (P. Horan)
A motion to approve the minutes for the Board of Directors Regular Monthly Meeting on
Thursday, April 25, 2019 was made by Mr. Richard. Seconded by Ms. Morrill. Motion
passed unanimously
8. Consider/Discuss/Act on SEDC Resolution No. 2019-10 authorizing the Agreement For
Provisions of Professional Services Between The City of Schertz and the City of Schertz
Economic Development Corporation; and recommend approval by the City Council for thc*
expenditures provided for in the Agreement for the 2019-20 fiscal year. (K. Kinateder)
The following caption was read for the record:
SEDC RESOLUTION NO. 2019-10
A motion to approve SEDC Resolution No. 2019-10 author the Agreement For
Provisions of Professional Services Be g tween The City of Schertz and the City of Schertz
Economic Development Corporation; and recommend approval by the City Council for the
expenditures provided for in the Agreement for the 2019-20 fiscal year was made by Mr.
Richard. Seconded by Ms. Morrill. Motion passed unanimously.
The following caption was read for the record:
SEDC RESOLUTION NO. 2019-11
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A motion to approve SEDC Resolution No. 2019-11 recommending approval by the City
Council for the proposed SEDC FY 2019-20 Budget and Reserves was made by Mr.
Hamilton. Seconded by Mr. Richard. Motion passed unanimously.
Requests and announcements
The following announcements were made by the staff-
10. Requests by Board Members to place items on a future SEDC Board Meeting agenda.
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Announcements by staff-
* Next Board regular monthly meeting — June 27, 2019
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Start time: 7:46 p.m.
End time: 7:51 p.m.
Reconvene into regular session
Board President Macaluso reconvened into regular session at 7:52 p.m.
12. 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
Closed Session under Agenda Item No. 11.
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Board President
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Sammi Morrill
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