20200423 Minutes SEDC Board Reg Mtgj A
Call to order
1. Roll call and recognition of visitors.
Board President Macaluso, called the meeting to order at 6-02 p.m. and welcomed everyone
in attend
Board of Directors virtual:
Staff present:
Mark Browne — City Manager
Adrian Perez — Executive Director
Patty Horan — Executive Assistant
James Walters — Director of Finance
Hearing of residents
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 shouldhe limited to
no more than a ininutes, 7hepresiding officer, during the Public Commentportionofthe agenda, wilicall on
thosepersons who havesigned up to speak in the order they have registered.
Ms. Allison Heyward introduced herself and said that she was attending on behalf of The
Chamber's 2020 Leadership CORE program.
No other public c s were made.
Minutes
3. Approval of the n3inutes for the Board of Directors Regular Monthly Meeting held on
Thursday, February 27, 2420. (P. Horan)
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A motion to approve the minutes for the Board of Directors Regular Monthly Meeting held
on Thursday, February 27, 2020, was made by Mr. Richard. Seconded by Mr. McDaniel.
Motion passed unanimously.
Presentations
4. SEDC monthly financial statements: February and March 2020. Q. Walters)
Mr. Richard asked, related to the Schertz 3 12 Project, for status on the property to be annexed
by the City. Mr. Perez replied that the City is currently engaged in conversations with the
City of San Antonio and with the Selma City Officials. Mr. Richard stated that the annexation
is a condition for funding of the project for Phase Il.
Mr. Perez provided a summary of all actions taken in response to the COVID- 19 Pandemic.
The first element was issuing the initial response based on findings in the form of outreach,
and the second was to validate the use of SEDC funds which are regulated by State statute
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Mr. Perez also described the launch of the Coronavirus Resource Webpage posted on the
SEDC website. The webpage is a matrix that contextualizes the local, State, and Federal
resources.
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The Board interacted with questions related to the unemployment rate and businesses
diversifying or changing their business products. Ms. Kolbe said that the current
unemployment rate reached 4.1%, and some companies have shifted to make products to
accommodate the demand for COVID-19 sanitizers and face masks, among others.
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Items for individual briefing and consideration
9. Briefing and possible action on SEDC Resolution No. 2020-1 for the approval of the
I nd epend ent Aud itor's Report for the SED C Annual F inancial Report for the Year Ended
September 3 0, 2019. (Paula Lowe, Auditor Partner of Pattillo, Brown and Hill, LLP)
Mr. Walters introduced Ms. Lowe, who joined the meeting remotely. Ms. Lowe guided the
meeting referencing and reviewing the governance letter and the audit report that was
included in the Board's document packet. The auditor had no findings and provided the
highest rating possible. The audit helps to ensure that SEDC funds are managed in
accordance with the highest professional standards.
A motion to approve the SEDC Resolution No. 2020-1 for the approval of the independent
Auditor's Report for the SEDC Annual Financial Report for the Year Ended September 30,
2019 was made by Mr. Richard. Seconded by Ms. Morrill. Motion passed unanimously.
10. Briefing and possible action on SEDC Resolution No. 2020-2 for Schertz 312, LLC
authorizing an extension to the performance agreement for infrastructure improvements and
providing for additional extensions through City Manager and SEDC Director approval. (A.
Perez)
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accommodates for the unknown impact of COVID -I 9-related National, State, and Local
declarations.
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Reconvene to 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 gession under Agenda Item No. 11.
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Requests and announcements
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