20200723 Minutes SEDC Board Reg Mtg11WIW410i U 17114011 =gel a
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The City of Schertz Economic Development Corporation (SEDC) Board • Directors met for a
Regular Monthly Meeting on Thursday, July 23, 2020, at 6:00 p.m. in the Hal Baldwin
Municipal Complex, Council Chambers, Building No. 4, 1400 Schertz Parkway, Schertz, 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.
is attetda-cce.
Board of Directors present:
Staff present:
Paul Macaluso — Board President
Adrian Perez —
Executive Director
Jesse Carrasco — Board Treasurer
Patty Horan — Executive Assistant
Sammi Morrill — Board Secretary
Jennifer Kolbe
— Business Retention Manager
Roy Richard
Drew Vincent
— Marketing & Recruitment Mgr.
Benjamin McDaniel
Mark Browne
— City Manager
Bryan Snowden
James Walters
— Director of Finance
Others present: Vanessa Macaluso
Hearing of residents
2. Public comment - This time is set aside for any person who wishes to address the Boa
resenttins shul d b o o o a p o a
e limited t n mre thn 3 minutes. The residing fficer will cll
those perso who have signed up to speak. I
P a o o
ns
Minutes
3. Approval of the minutes for the Board of Directors Regular Monthly Meeting held on
Thursday, June 25, 2020. (P. Horan)
• Thursday, June 25, 2020 was made by Mr. Richard. Seconded by Mr. Carrasco. Motion
passed unanimously.
SEDC Minutes 7/23/2020 Page I of 5
Presentations
4. SEDC monthly financial statements: June 2020. (J. Walterl
Mr. Vincent reported that • the SEDC Quarterly Report • FY 2019-20, which covers
the SEDC's third quarter activity for April 1, 2020 to June 30, 2020. , included an overview
of the Schertz and San Antonio real estate markets, the residential building permit
comparison of development in Schertz, and a listing of available existing buildings &
development-ready sites.
.i% Update • status of annual incentive certifications for Ace Mart, Texas Plumbing, arN
Major Wire, Texas. (A. Perez) I
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Mr. Perez went over e time me inc u e in t e project proposa memo. Mr. Perez
recommended continuin with the i�erq�ect evaluation., cost estimation and Board di;NavtmN±%jw
with a final decision to pursue this strategy postponed later in FY 2021 to allow for a more
complete evaluation of the project.
Mr. Perez thanked the Board for all the feedback and confirmed that his general direction
from the Board concurred with this recommendation to continue project evaluation bui
postpone a final decision to pursue the project until later in FY2021. He will bring updates
to the Board in future meetings.
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SEDC Minutes 7/23/2020 Page 3 of 5
gervices, IT services, etc. The Service Agreement also enables the SEDC to receive several
g,ervices at a discounted rate through the City; these include rates for software, financial
cervices, auditing services, etc.
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A motion to approve the SEDC Resolution No. 2020-5 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 thT,
expenditures provided for in the Agreement for the 2020-2021 fiscal year was made by Mr.
McDaniel. Seconded by Ms. Morrill. Motion passed unanimously.
9. Briefing and possible action on approval of the SEDC Resolution No. 2020-6 recommending
approval by the City Council for the proposed SEDC FY 2020-21 Budget and Reserves. (A.
Perez)
1\4r. Perez presented the proposed SEDC FY 2020-21 Budget and Reserves. Noteworthy
adjustments included budget authorization for $4,050,000 for Tri County improvements and
an increase of $100,000 for small business direct business incentive to support COVID-19
retention grants through FY2020-2021. All other line items presented closely matched the
draft budget presentation reviewed during the June SEDC Board meeting.
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UounciFfor—the I Buaget and &eserves was maue oy 171r. Kicnari
Seconded by Mr. Hamilton. Motion passed unanimously.
Closed Session
Board President Macaluso recessed the meeting into closed session at 6:52 p.m.
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Reconvene to regular session
Board President Macaluso reconvened to regular session at 7:34 p.m.
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Requests and announcements
11. Requests by Board Members to place items on a future SEDC Board Meeting agenda.
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Adjournment
MINUTES PASSED
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