20190926 Minutes SEDC Board Reg Mo Mtg!TMIUTES
THURSDAY, SEPTEMBER 26,2019
Call to order
1. Roll call and recognition of visitors.
Board President Macaluso called the meeting to order at 6:06 p.m. and welcomed everyone
in attendance.
Others present: John Sullivan
Hearing of residents
2. Public comment - Ais time is set aside for any person who wishes to address the Board. Each person
shouldfill out the Citizen's to be Heard registryform 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
thosepersons who have signed up to speak in the order they have registered
No public comments were made.
Presentations
3. SEDC monthly financial statement: August 2019. (J. Walters)
Mr. Kinateder and Mr. James provided a review of the financial statement and reported a
3.2% decrease in sales tax collection over previous year's August allocation. While the year
over ear r io is down the 12-month average is still showinp-, 4.7% �-Towth. Durin",u if
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for the design and related expenses for the infrastructure improvements. This payment was
basically covered by August's sales tax payment. Cash & Investments balance:
$20,795,705.87.
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Prioritize and allocate SEDC funding to those authorized Project types that will grow the
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a) High Priority: Primary Jobs & Infrastructure Improvements
b) Medium Priority: Job Training & Recreational/Community Facilities
c) Low Priority: Career Center & Affordable Housing
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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 held • Thursday, August 22, 2019. (P. Horan)
ion To apprw' I I Tors ng neia
on Thursday, August 22, 2019 was made by Mr. Richard. Seconded by Ms. Morrill. Motion
passed unanimously.
8. Consider/Discuss/Act on SEDC Resolution No. 2019-17 authorizing Amendment No.3
the Economic Development Incentive Agreement among the City of Schertz, the City
Schertz Economic Development Corporation, Guadalupe County, and Amazon.co
Services, Inc. (K. Kinateder) I
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not be eligible to receive a 2018 City Property Tax Incentive or 2018 County Property Tax
Incentive. Staff recommended approval.
loard President Macaluso read the following caption was read for the record:
SEDC RESOLUTION NO. 2019-17
A motion to approve the SEDC Resolution No. 2019-17 authorizing Amendment No.3 to
the Economic Development Incentive Agreement among the City of Schertz, the City of
Schertz Economic Development Corporation, Guadalupe County, and Amazon.com
Services, Ine.was made by Mr. Macaluso. Seconded by Mr. Richard. Motion passed
unanimously.
I). Consider/Discuss/Act on SEDC Resolution No. 2019-18 issuing a notice of default for the
Economic Development Performance Agreement with Kellum Family Medicine, Inc. (K.
Kinateder)
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from their financial institution, proof of activation of the building permit, and a specific
imiline for the develoDment of the irolect. After much deliberation, the Board decided to
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Announcements by staff:
* Office closures:
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Reconvene into regular session
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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Sammi Morrill
Board Secretary
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