20230316 Minutes SEDC Board Reg Mtg§CCJH[]EJR~l[l
ECONOMIC DEVELOPMENT CORPORATION
M.li'iUTES
Thur~day, March 16, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly
Meeting on Thursday, March 16, 2023, at 6:00 p.m. at the Hal Baldwin Municipal Complex, Administrative
Conference Room, Building No. 2, 1400 Schertz Parkway, Schertz, Texas. This was an open meeting, subject to
the open meeting laws of the State of Texas.
Call To Order
1. Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and
public participation.
Board President Macaluso presided over the meeting and called it to order at 6:00 p.m.
Board of Directors Present:
Paul Macaluso, Board President
Jesse Hamilton, B oard Vice President
Sammi Morrill, Board Secretary
Bill Dixon, Board Member
Roy Richard, Board Member
Board of Directors Absent:
Bryan Snowden, Board Treasurer
Mark Moody, Board Member
Otbe1·s Present:
Tim Brown, Mayor Pro-Tern, City Council Liaison
Allison Heyward, Councilmember, City Council Liaison
Staff Present:
Holly Malish, Interim Director
Brian James, Deputy City Manager
Ashley Ritchey, Business Engagement Manager
Sheree Coumey, Deputy City Secretary
James Walters, Finance Director
John Nowak, Engineer
2. Introduction of new EDC Business Engagement Managtr, Ashley Ritchey (H.Malish)
Holly Malish introduced Ashley Ritchey who provided the B oard with a synopsis of her work experience.
Hearing of Residents
3. This time is set aside for any person who wishes to address the Board Presentations should be J;mited to no
more than 3 minutes. The presiding officer will call on those persons who have signed up to speak.
No residents were present.
Minutes
4. Approval of the minutes for the Board of Directors Regular Monthly Meeting held on
Thursday, February 23, 2023. (S. Courney I H.Malish)
Board President Macaluso asked for a motion to approve the Minutes of the Board of Directors
Regular Monthly Meeting held on Thursday, February 23, 2023.
Moved by Board Member Roy Richard, seconded Board Vice President Jesse Hamilton
A YE: Board President Paul Macaluso, Board Vice President Jesse Hamilton, Board
Secretary Sammi Morrill, Board Member Bill Dixon, Board Member Roy Richard
Presentations
5. SEDC Resolution No. 2023-4 for the approval of the Independent Auditor's Report for the SEDC
Annual Financial Report for the Year Ended September 30, 2022. (Clayton Rogers, Auditor
Partner of Pattillo, Brown and Hill, LLP/J. Walters)
Board President Macaluso introduced Mr. Travis Rogers, CPA with Pattillo, Brown and Hill who
presented the firm's audit findings to the Board. Mr. Rogers stated the SEDC is in very good
financial shape and there are no issues or concerns with intemal control compliance. He
reported that the SEDC Financial Statements present fairly, and the finn has provided a clean,
unmodified opinion, which is the highest level of assurance an auditor can provide.
Board President Macaluso asked for a motion to approve SEDC Resolution No. 2023-4, a
Resolution by the City of Schertz Economic Development Corporation ("SEDC") Board of
Directors ("The Board") authorizing the approval of the Independent Auditor's Report for the
SEDC Arumal Financial Report for the year ended September 30, 2022.
Moved by Board Member Bill Dixon, seconded Board Secretary Sammi Morrill
A YE: Board President Paul Macaluso, Board Vice President Jesse Hamilton, Board
Secretary Sammi MorriJI, Board Member Bill Dixon, Board Member Roy Richard
6. Staff briefing on SEDC monthly financial statement for the month of February 2023. (J.
Walters I H.Malish)
Board President Macaluso recognized Mr. James Walters who provided the following.
February 2023 sales tax received was 613,518.59, an 11. J % increase over the year prior.
The l 2-month rolling average continues to trend up at 9.2%. Notable expenditures for the month
include software and legal expenses.
Total Cash & Investments figure at the end of February was $27.7 million.
7. Presentation on Lookout Rd reconstruction project (H. Malish)
Ms. Malish recognized Mr. John Nowak, City of Schertz Engineer, who provided the following
update on the Lookout Rd. reconstruction project:
•The curbs at the intersection of Lookout Rd and Schertz Parkway have been adjusted to
allow easier turning for large trucks.
•Sidewalks have been added to connect existing ones to create walkability.
•The update in scope is still in line with the $5.25 million budgeted.
Expected to go out for bid this summer w ith construction t o begin in the Fall 2023.
8. Presentation on Impact Dashboard (H. Malish)
Ms. Malish provid ed an overview of a new software package that is being considered for
adoption. The new software will provide a more complete and nuanced understanding of
proposed development. It reflects a fundamental s hift in ow SEDC approaches the incentive
process. SEDC could potentially offer higher incentive based on revenue from indirect benefits vs
ad valorem taxes alone.
9. Presentation on Annual Certifications (H. Malisb)
Ms. Malish provided an update on businesses required to su bmit an annual certification as part of
their incentive agreement.
Board President Macaluso recessed Open Session to Closed Session at 6:41 p.m.
Discussion and Action Items
Closed Session
10. Called in accord ance w ith Section 551.087 of the Texas Government Code,
Deliberation Regarding Economic Development Negotiations; Closed Meeting. The governmental
body is not required to conduct an open meetin g ( 1) to disc uss or de liberate regarding commercial
or financial inform ation that the governmental body has received from a business prospect that the
governmental 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) the deliberate the offer of a financial or other incentive to a b usiness prospect.
•Project E-80
• Project E-81
• Project E-84
S tart time: 6:43 p.m.
End time: 7:20 p.m.
Board President Macaluso reconvened to open session at 7:21 p.m.
Reconvene to regular session
11. Take any actions based on discussion held in closed session under Agenda Item No. 10.
No action was taken based on discussion in closed sessi on.
Requests and Announcements
• Announcements by staff
•Next SEDC Regular Board Meeting, April 27, 2023, Council Chambers Conference
Room (H.Malish)
• Annual Report status update
•Requests by Board Members to place items on a future SEDC Board Meeting agenda
• Sammi Morrill, Board Secretary, requested a Strategic Plan and Priorities Workshop
• Sammi Morrill, Board Secretary, requested a list of current SEDC commitments and
status of projects
Adjournment
Board President Macaluso adjourned the meeting at 7:22 p.m.
ND APPROVED THIS /j6' DAY OF /11~~2023.
~~H'-"'6 1_· Sllit1tu 1Lkt~
Sammi M orriil
Board Secretary