20210826 Minutes SEDC Board Reg Mtg§(]HlJ EJRtlLZ
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, August 26, 2021
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular
Monthly Meeting on Thursday, August 26, 2021, at 6:00 p.m. in the Hal Baldwin Municipal Complex,
Council Chambers Board Room, 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
Board President Macaluso presided the meeting and called it to order at 6:00 p.m. Mr. Macaluso
welcomed everyone in attendance.
Boa1·d of Directors p1·esent:
Paul Macaluso -Board President
Jesse Hamilton -Board Vice President
Jesse Carrasco -Board Treasurer
Sammi Morrill -Board Secretary
Roy Richard
Mark Moody
Board of Directors Absent:
Bryan Snowden
Others present:
Staff present:
Mark Browne -City Manager
Adrian Perez -Executive Director
Channary Gould -BRE Manager
Sheree Courney -Administrative Assistant
James Walters -Director of Finance
Dan Santee-Attorney, Denton Navarro Rocha Bernal & Zech, P.C.
Sheila Edmondson -Deputy City Secretary, City of Schertz
2. Oath of Office for newly appointed SEDC Board Member, Mark Moody. Mr. Moody was appointed
by City Council on 6/01/2021 for a term of two years ending on 5/31/2023. (S. Edmondson)
Ms. Edmondson administered the oath of office to newly appointed Board Member, Mr. Mark
Moody.
Mr. Moody briefly shared information about himself to the Board. The Board welcomed Mr.
Moody.
SEDC Minutes 8/26/2021 Page 1 of4
Hearing of residents
3. Public conunent -This time is set aside for any person who wishes to address the Board.
Presentations should be limited to no more than J. minutes. The presiding officer will call on those
persons who have signed up to speak.
No public was present. No conunents were made.
Minutes
4. Approval of the minutes for the Board of Directors Regular Monthly Meeting held on Thursday, July
22, 2021. {A. Perez/S. Courney)
A motion to approve the minutes for the Board of Directors Regular Monthly Meeting held on
Thursday, July 22, 2021, was made by Mr. Roy Richard and seconded by Mr. Jesse Hamilton.
Motion passed unanimously.
Presentations
5. Staff briefing on SEDC Financial statement for the month of July 2021. (J. Walters)
Mr. Walters provided the following summary and overview of the SEDC Financial Statement for
the month of July 2021 :
July 2021 saw a 15 .1 % increase in sales tax over the previous July resuming the trend of high growth.
12 month rolling average was 7.4% continuing an upward trend. Preliminary reports for August
indicate continued uptick due to an audit adjustment. Expenditures were still low for the month.
Revenues were up some due to a reallocation of funds from the State Comptroller's Office.
Currently $23.2M in cash and investments some allocated to go toward Tri County Parkway and
some other projects. A resolution with the State Comptroller's Office provided the details to update
the sales tax industry breakdown. Between 33% and 37% sales tax revenue for Schertz comes from
retail, wholesale trade comes in at number two in line with manufacturing.
6. Staff briefing on SEDC pri01ities supporting requests to the City of Schertz for joint infrastructure
development projects aligned with the mission of the SEDC. (A. Perez)
Mr. Perez stated that the SEDC is continuing the work the Board started in 2019. He provided
background infonnation related to reserve fund dollars ptimitization for primary jobs and
infrastructure, the investments in Main Street and Tri County Parkway, and fonnalized agreement
structure with the City of Schertz for Infrastructure projects from the 2019 Annual Report.
Mr. Perez indicated that growth infrastructure funded apart from economic development projects
shouJd be based on an understanding of future conununity growth based on policy documents such
as the Comprehensive Plan, and the Wastewater Master plan. However, these plans are currently
being updated. So, to support growth in the short term, the SEDC will work with the City to
identify infrastructure projects that total no more than $4M in costs; enhance the competitiveness
of developable land and improve existing operations of Primary Job Employers. Projects will be
recommended for execution within five (5) years; and projects that are selected for SEDC and the
City to partner shouJd not unduly impact the character of development ahead of the update of the
comprehensive plan or create undue maintenance costs.
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Projects to be adopted will be brought forward as an Infrastructure Funding agreement between the
City of Schertz and SEDC. Elements of these agreements will include conceptual description,
funding for scoping, review of fmal bids and approval of funding, repmting and management of
funds, and project closing. Mr. Perez said the intent of this process is to ensure policy alignment
with the City Council.
7. Staff briefing on Economic Development Administration (EDA) American Rescue Plan grant
opportunity. (A. Perez)
Mr. Perez provided a synopsis of past and current EDA grants. Historically, EDA Economic
Adjustment Assistance Grant Program have required a 50% cost match but with the $3B
supplemental funding from the American Rescue Plan, they are funding anywhere from 80-100% of
eligible (awarded) projects.
Mr. Perez proposed submission of a proposal for the Schertz 312 Prutnership with Titan
Development. The project would consist of construction of an overpass at Tejas Way to Ben E.
Keith Dr with an estimated cost of$5M. To help with the cost, the SEDC plans to submit a proposal
to the EDA for grant funding. Applications are accepted from through March 2022 or until all funds
have been awarded. The SEDC would secure a grant writing contractor and an engineering firm for
design and construction and solicit partner support from Titan in September, comp1ete the
application for SEDC review/approval with an estimated investment up to $2M in October, and
present to City Council in November for their approval of submission.
Board President Macaluso recessed the meeting to closed session at 6:26 PM.
Closed Session
8. The SEDC Board met in closed session in accordance with Section 551.087 of the Texas
Government Code, Deliberation Regarding Economic Development Negotiations; Closed Meeting.
The govennuental body is not required to conduct an open meeting { 1) to discuss or deliberate
regarding commercial or financial information that the governmental body has received from a
business prospect that the govemmenta] body seeks to have locate, stay, or expand in or near the
territory of the governmental body and with which the governmental body is conducting economic
development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business
prospect.
• Matters related to the economic development incentive agreement between the Schertz Economic
Development Corporation and Cinestarz, LLC.
• Project Sector C
Strut time: 6:27 P.M.
End time: 7:08 P.M.
• Project -E-069
Board President Macaluso reconvened to regular session at 7:09 P.M.
SEDC Minutes 8/26/2021
• Project E-073
Page 3of4
Reconvene to regular session
9. Take any actions based on discussion held in closed session under Agenda Item No. 8.
No action was taken.
Requests and announcements
10. Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Announcements by staff:
• Reminder Sales Tax Training -TEDC (October l, 2021 -San Antonio)
• Volunteer Appreciation Banquet -September 16, 2021, postponed to March 2022.
• Next Board Meeting-September 23, 2021
• Office Closed Labor Day -September 6, 2021.
Information Only
City view and Tri County Updates
TxDOT Update on Schertz Parkway
Amazon Tour Update-September 28, 2021
Adjournment
Board President Macaluso adjourned the meeting at 7:11 P.M.
MINUTES PASSED AND APPROVED THIS 30th DAY OF SEPTEMBER 2021.
/Paul Macaluso
Board President
SEDC Minutes 8/26/2021
Sammi Morrill
Board Secretary
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