20200227 Minutes SEDC Board Reg MtgMINUTES
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CaR to order
1. Roll call and recognition of visitors.
Board Vice President Hamilton preceded and called the meeting to order at 6:02 p.m. an-i
welcomed everyone in attendance.
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Woard members absent: Paul Macaluso.
*thers, present: Brian James, Natascha Reynoso, Mikki Austin.
2. Public comment - This 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
those persons who have signed up to speak in the order they have registered.
Ms. Reynoso and Ms. Austin from The Chamber's 2020 Leadership CORE program
Entroduced themselves. No other public comments were made.
Consent agenda items —All thefollowing items may be acted upon by one motion. No separate discussion
or action on any of the items is necessary unless desired by a Board Member.
3. Consider/Discuss/Act on approval of the minutes for the Board of Directors Regular Monthly
Meeting held on Thursday, January 23, 2020. (P. Horan)
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A motion to approve the minutes tbr the Board of liirectorslt��Monthly Meeting hell
• Thursday, January 23, 2020 was made by Mr. J. Carrasco. Seconded by Mr. R. Richard.
Motion passed unanimously.
Presentations
4. Main Street Infrastructure Improvements Update. (B. James) Item requested by P. Macaluso.
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the SEDC Board approved Resolution 2019-7 to provide up to $500,000 to the City's Main
Street project to help stimulate new business activity along Main Street and throughout
Schertz' historic neighborhoods.
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Mr. Perez provided the briefing for the financial statements as follows: for December 2019,
Sales Tax revenues increased by 16.2% (year-to-year) and the SEDC received a $364,567.28
payment. Total Cash and Investments: $21,631,383.78. Monthly operational expenses:
$5,234.04 (2 recruitment trips: Fabtech and the Atlanta Road Show).
For January 2020, Sales Tax revenues increased by 15.0% (year-to-year) and receive4,
$328,405.24 payment. Total Cash and Investments: $22,358,897.67. No ma • operational
expenses this month.
7. Greater San Antonio Regional Economic Development trategy Up ate. erez tem
requested • S. Morrill.
On June 20, 2019, Staff presented on the SAEDF development of a collaborative regional
economic development strategy with respect to economic and workforce development. Thii
SAEDF asked for the SEDC's participation in the six-phase process which was anticipate'I
to be completed by January 2020. The SAEDF and its partners are completing a transition
plan to prepare for strategic launch in July of 2020.
The Board participated by asking questions related to the region's reach, definition of
partnership for the group, agreement for funding, and what other benefits will help us to
grow?
The Board thanked the stall-to—rIffe- —presentation and requested more updates as they become
available.
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event, and four retention visits. She mentioned that the presentation from the roundtable on
transportation is available upon request.
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Proof of filing for Eminent Domain
Proof of filing Annual Report to State Comptroller
Mr. Perez commented that the reports listed above are recurrent administrative process
No questions were asked. I
Requests and announcements
10. Reauests • Board Members to j2 lace items on a future SEDC Board Meeting agenda.
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The following announcements were made by the sta
* Next Board Meeting — March 26, 2020 1
Adjournment
Board Vice President Hamilton adjourned the meeting at 7:16 p.m.
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