20190620 Minutes SEDC Board Reg Mo MtgMINUTES
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e City of Schertz Economic Development Corporation (SEDC) Board of Directors met for
Special Called Meeting on Thursday, June 20, 2019 at 6:00 p.m. in the Hal Baldwin Municip
Complex, Council Chambers, Building No. 4, Conference Room, 1400 Schertz; Parkway, Schleirt
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.
Board President Macaluso called the meeting to order at 6:04 p.m. and welcomed everyone
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Board of Directors present:
Staff-
Paul Macaluso — Board President
Kyle Kinateder — Executive Director
Sammi Morrill — Board Secretary
Patty Horan — Executive Assistant
Roy Richard
Jenifer Kolbe — BRE Manager
Bryan Snowden
James Walters — Director of Finance
Benjamin McDaniel
Mark Brown — City Manager
Board Members absent: Jesse Hamilton
Others present: Richard Dziewit, Daniel Ortega, Jesse Carrasco, Monica Garza, Rick Pena,
Ed Bolton, Emiliano Guerrero.
2. Oath of office for newly appointed SEDC Board Members: Bryan Snowden and Benjamin
McDaniel. Also, reappointment of Roy Richard. All members were appointed/reappointed
by City Council during their regular session held on 6/4/2019 to serve for a two-year term:
5/31/2019 — 5/31/2021. (P. Horan)
Ms. Horan, on behalf of the City Secretary, adminlistered the oath of office to all new ant
reappointed members.
3. Introduction of new Board Members: Bryan Snowden and Benjamin McDaniel. (P.
Macaluso)
President Macaluso congratulated all new and reappointed Board Members and thanked
them for their service. He asked the new members to introduce themselves. Mr. Bryan
Snowden currently holds a position with HEB as the Manager of Consumer & Sensory
K'esearch. He graduated Texas A&M in 2011 with a bachelor's degree of Science in Food
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Science & Technology. Mr. Benjamin McDaniel provides investigative research and service
of process for attorneys at Glenn Clark. He graduated from the University of the Incarnate
Word, with a bachelor's degree in Business Administration and is a Certified Management
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Board President Macaluso recessed into closed session at 6:11 p.m. and moved to agenda
item No. 12.
Presentations
5. SEDC monthly financial statement: May 2019. (J. Walters)
Mr. Walters reported that the sales tax payment was 6.8% lower than in the previous fiscal
year. He specified that the recent decrease was caused by missing contributions from the
State. Mr. Walters expects the payment to be reimbursed in June. There were no notable
expenses reported.
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Mr. Kinateder asked the Board if they had any questions on the full report included in their
packet. No questions were asked. He resumed his presentation stating that during the March-
May period, the SEDC identified 10 new prospects that are considering significant
investments in Schertz. The SEDC participated in four major recruitment events.
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SEDC Minutes 6/20/2019 Special Called Page 2 of 5
Due to time constraints, Mr. Kinateder asked the Board to revisit the information included in
the packet (SEDC Funding Buckets and Appendix) to go over in full review during next
month's meeting.
to for individual consideration
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A motion to approve the minutes for the Board of Directors Regular Monthly Meeting on
Thursday, May 23, 2019 was made by Mr. Richard. Seconded by Ms. Morrill. Motion
passed unanimously
10. Consider/Discuss/Act on SEDC Resolution No. 2019-12 authorizing the Second
Amendment to the Economic Development Performance Agreement between the Schertz
312, LLC and the City of Schertz Economic Development Corporation. (K. Kinateder)
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the City of Schertz Economic Development Corporation as made by Ms. Morrill. Seconded
► Mr. Richard. Motion passed unanimously.
Requests and announcements
11. Reauests bv Board Members to 131ace items giv a 11eetj��
Announcements by staff:
Office closures — Independence Day July 4-5, 2019
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11 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 Itern No. 12.
0 Project E-052 — Consider/Discuss/Act and public hearing authorizing an SEDC
Resolution relating to a performance agreement to provide a possible incentive of up
to $200,000 for a project related to the creation or retention of up to 87 primary jobs.
Mr. Kinateder introduced the project as Nexus Enterprises, LLC. The company plans to
locate at 5600 Schertz Parkway behind the Emerus Hospital. The future 36,000 square foot
office building offers Nexus the ability to locate in a new standalone facility that is more
centralized to its workforce. The SEDC has offered Nexus the ability to reduce its clawback
by or $25,000 if they promote the key locational decision on why they chose Schertz.
SEDC Minutes 6/20/2019 Special Called Page 4 of 5
Mr. Ed Bolton, Founder and CEO of Nexus, introduced himself He provided a brief
description and history of the company. Nexus is a clinical review services company that
services health and insurance companies. He thanked the Board for their consideration. Mr.
Bolton talked about the company's decision to relocate and that they will be consolidating
operations from New Braunfels and Salt Lake City to the new Schertz location.
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SEDC RESOLUTION NO. 2019-13
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A motion to approve the SEDC Resolution No. 2019-13 was made by Mr. Richard.
Seconded by Ms. Morrill. Motion passed unanimously.
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