06-29-2023 Agenda SEDC Board Meeting
NOTICE OF MEETING
AGENDA
JUNE 29, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors will hold a regular monthly meeting on Thursday, JUNE 29, 2023. at
6:00 p.m. at the Hal Baldwin Municipal Complex, Council Chambers Conference 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, recognition of visitors, and review of meeting instructions for effective
Board interaction and public participation.
Hearing of Residents
2.This time is set aside for any person who wishes to address the Board. Presentations should
be limited to no more than 3 minutes.The presiding officer will call on those persons who
have signed up to speak.
Minutes
3.Approval of the minutes for the Board of Directors Regular Monthly Meetings held on
Thursday, May 25, 2023. (T.Miller/S.Wayman)
Presentations
4.Staff briefing on SEDC monthly financial statement for the month of May 2023. (J.
Walters/S. Wayman)
Discussion Items
5.Discussion and direction concerning SEDC Res.No.2022-7 and Lookout Rd. design and
engineering. (S. Wayman)
Closed Session
6.Called in accordance with 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 meeting (1) to discuss or deliberate
regarding commercial or financial information 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 business prospect.
E-80
E-81
E-84
Reconvene to regular session
7.Take any actions based on discussion held in closed session under Agenda Item No.6
Requests and Announcements
SEDC Agenda June 29, 2023 Page 1 of 2
Requests and Announcements
Announcements by staff:
Set date for Board Workshop
Ashley Ritchey update on Chicago Mission Trip with Team Texas
Update on Breakfast Club presentation
Offices closed for 4th of July - July 3-4, 2023
Next Board Meeting - July 27, 2023
Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Adjournment
CERTIFICATION
I, Tracy Miller, Administrative Assistant, of the City of Schertz Economic Development Corporation, do hereby certify that
the above agenda was posted on the official bulletin boards on this the _____ day of _________, 2023, at 5:00 p.m., which is
a place readily accessible to the public at all times and that said notice was posted in accordance with chapter 551, Texas
Government Code.
Tracy Miller
Administrative
Assistant-Economic Development
I certify that the attached notice and agenda of items to be considered by the Schertz Economic Development
Corporation Board of Directors was removed from the official bulletin board on _____day of _______________, 2023.
Name/Title:______________________________
This facility is accessible in accordance with the Americans with Disabilities Act. Handicapped parking spaces are available.
If you require special assistance or have a request for sign interpretative services or other services, please call 210-619-1070.
The Economic Development Corporation Board of Directors reserves the right to adjourn into closed session at any
time during the course of this meeting to discuss any of the matters listed above, as authorized by the Texas Open
Meetings Act.
Closed Sessions Authorized: This agenda has been reviewed and approved by the City’s legal counsel and the presence
of any subject in any Closed Session portion of the agenda constitutes a written interpretation of Texas Government
Code Chapter 551 by legal counsel for the governmental body and constitutes an opinion by the attorney that the items
discussed therein may be legally discussed in the closed portion of the meeting considering available opinions of a
court of record and opinions of the Texas Attorney General known to the attorney. This provision has been added to
this agenda with the intent to meet all elements necessary to satisfy Texas Government Code Chapter 551.144(c) and
the meeting is conducted by all participants in reliance on this opinion.
SEDC Agenda June 29, 2023 Page 2 of 2
Agenda No. 3.
SEDC MEMORANDUM
SEDC
Board Meeting:06/29/2023
Department:Economic Development Corporation
Subject:Approval of the minutes for the Board of Directors Regular Monthly
Meetings held on Thursday, May 25, 2023. (T.Miller/S.Wayman)
BACKGROUND
Approval of the minutes for the Board of Directors Regular Monthly Meetings held on Thursday, May
25, 2023. (T.Miller/S.Wayman)
COMMUNITY BENEFIT
FISCAL IMPACT
SUMMARY OF RECOMMENDED ACTION
Attachments
05-25-2023 Minutes
MINUTES
Thursday, May 25, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly
Meeting on Thursday, May 25, 2023. at 6:00 p.m. at the Hal Baldwin Municipal Complex, Council Chambers
Conference Room, Building No. 4, 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 Vice President Hamilton presided over the meeting and called it to order at 6:00 p.m.
Board of Directors Present:Staff Present:
Jesse Hamilton, Board Vice President Scott Wayman, Executive Director
Sammi Morrill, Board Secretary Holly Malish, Deputy Director
Bill Dixon, Board Member Ashley Ritchey, Business Engagement Manager
Mark Moody, Board Member Tracy Miller, Administrative Assistant
Roy Richard, Board Member Brian James, Deputy City Manager
Sheree Courney, Deputy City Secretary
John Nowak, Engineer
Board of Directors Absent:Others Present:
Paul Macaluso, Board President Tim Brown, Mayor Pro-Tem, City Council Liaison
Bryan Snowden, Board Treasurer Allison Heyward, Councilmember, City Council Liaison
Hearing of Residents
2.This time is set aside for any person who wishes to address the Board. Presentations should be limited to
no more than 3 minutes.The presiding officer will call on those persons who have signed up to speak.
Nicole Perez of the City of Cibolo1.
Natalia Brookens from The Chamber2.
Wyatt Agee of the City of Selma3.
Jade Dimitri from CASA Central Texas4.
They are all members of the Leadership Core Class of 2023 graduating this July and were present
to observe the meeting.
Minutes
3.Approval of the minutes for the Board of Directors Regular Monthly Meetings held on Thursday, March
16, 2023 (S.Courney), and Thursday, April 27, 2023. (T.Miller/S.Wayman)
Board Vice President Hamilton asked for a motion to approve the Minutes of the Board of Directors
Regular Monthly Meeting held Thursday, March 16, 2023.
Moved by Board Member Roy Richard, seconded by Board Secretary Sammi Morrill.
AYE: Board Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board Member Bill
Dixon, Board Member Roy Richard, Board Member Mark Moody
Board Vice President Hamilton asked for a motion to approve the Minutes of the Board of Directors
Regular Monthly Meeting held Thursday, April 27, 2023.
Moved by Board Member Roy Richard, seconded by Board Member Mark Moody
AYE: Board Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board Member Bill
Dixon, Board Member Roy Richard, Board Member Mark Moody
Presentations
4.Staff briefing on SEDC monthly financial statement for the month of April 2023. (J.Walters/S.Wayman)
Board Vice President Jesse Hamilton recognized Mr. James Walters who provided the following.
April sales tax received was $594,202, a 15.8% increase over the year prior. The 12-month rolling
average is 9.6% still trending up. Notable expenditures include a payment to City of Schertz for 6
months of service agreement and Community Impact Job Fair.
Total Cash & Investments figure at the end of April was $28.5 million.
5.Staff Presentation on Lookout Rd reconstruction (H. Malish/J.Nowak)
Mr. John Nowak, City of Schertz Engineer, provided an update on Lookout Rd. reconstruction project:
Reduction in cost of $600,000 from 1.5 million without sidewalks
An additional cost of $900,000 needed to fully fund the project
Schertz UDC 21.14.6 - Construction Concurrent with Street Construction - If a street is
constructed which shall have no residential lot access points, the sidewalks be installed
concurrently with street construction.
Sidewalks are not a requirement for this reconstruction project
Mr. James, Deputy City Manager discussed the requirement for the sidewalk. For this project it is not an
obligation to put sidewalls in right away, they can be put in at a later date.
6.Staff to give update on International Council of Shopping Centers (ICSC) Las Vegas Trip. (S. Wayman)
Mr. Wayman introduced himself and provided an update on International Council of Shopping Centers
(ICSC) Las Vegas Trip.
Mayor Gutierrez, Councilmember Heyward, City Manager Williams, Business Engagement Manager
Ritchey, Board President Macaluso and Executive Director Wayman were the attendees.
7.Staff Presentation on Business Engagement activities (H. Malish/A. Ritchey)
Ms. Ritchey provided an update on the Snow Cone Celebration and Regional Job Fair.
The Snow Cone Celebration on Tri-County Road:
Held May 9th and 10th
Visited 27 businesses
Sold 636 snow cones at $2.50 each
Spent $1,640 budgeted $3,000
The Regional Job Fair at Cibolo YMCA:
Held May 11th
65 employers, 7 of them were Schertz businesses
175 attendees, 60 more than the job fair in February
Next Job Fairs will be in Seguin in August and in Schertz in November
Discussion Items
8.Resolution 2023-5 - Discussion and possible action approving an amendment to the economic
development performance agreement between the City of Schertz Economic Development Corporation
and Nexus Enterprises LLC ; and other matters in connection therewith.
Ms. Malish provided an update on Nexus Enterprises LLC and amending the Economic Development
Performance Agreement between the City of Schertz Economic Development Corporation and Nexus
Enterprises LLC.
Board Vice President Jesse Hamilton asked for a motion to approve SEDC Resolution No. 2023-5, a
Resolution by the City of Schertz Economic Development Corporation ("SEDC") Board of Directors
("The Board")
Moved by Board Member Roy Richard, seconded by Board Secretary Sammi Morrill.
AYE: Board Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board Member Bill
Dixon, Board Member Roy Richard, Board Member Mark Moody
Board Vice President Jesse Hamilton recessed Open Session to Closed Session at 6:21 p.m.
Closed Session
9.Called in accordance with 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 meeting (1) to discuss or deliberate regarding commercial or financial information 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 business prospect.
Project E-80
Project E-84
Project E-86
Start time: 6:22 p.m.
End time: 6:35 p.m.
Board Vice President Jesse Hamilton reconvened to open session at 6:36 p.m.
Reconvene to regular session
10.Take any actions based on discussion held in closed session under Agenda Item No.9.
No action was taken based on discussion in closed session.
Requests and Announcements
Announcements by staff:
Ms. Malish shared she will be taking a Leave of Absence beginning June 28, 2023
Board Member Roy Richard birthday
SEDC Facebook page
Lauren Shrum, Parks and Recreation Director, will present July 2023
Meeting with Schertz 35 Project (Schertz 312) June 5, 2023
Office closure - May 29, 2023 in observance of Memorial Day
Next SEDC Regular Board Meeting, June 29, 2023, Council Chambers Conference Room
Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Update on Schertz 35 Project (Schertz 312 Project)
Adjournment
Board Vice President Jesse Hamilton adjourned the meeting at 6:48 p.m.
MINUTES PASSED AND APPROVED THIS ___ DAY _____ 2023.
____________________
Paul Macaluso
Board President
___________________
Sammi Morrill
Board Secretary
Agenda No. 4.
SEDC MEMORANDUM
SEDC
Board Meeting:06/29/2023
Department:City Secretary
Subject:Staff briefing on SEDC monthly financial statement for the month
of May 2023. (J. Walters/S. Wayman)
SUBJECT:
Staff briefing on SEDC monthly financial statement for the month of May 2023. (J. Walters/S.
Wayman)
Attachments
May Financials
620-SED CORPORATION
FINANCIAL SUMMARY OVERVIEW
Revenues
Sales Tax 587,553.83$ Payment Received in May
7.7% Annual Increase
10.3%12-Month Rolling Average
Expenses
Town Creek Sewer Capacity 5,830.00$
TxEDC Patron Investor 5,000.00$
Year-to-Date
Total Revenue 5,085,166.53$
Total Expenses 814,355.50$
Over/Under 4,270,811.03$
Cash & Investments
Cash 167,046.00$
Investments 28,973,078.79$
Total 29,140,124.79$
C I T Y O F S C H E R T Z
*************************************************** 2 0 2 2 - 2 0 2 3 ***************************************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: MAY 31st, 2023
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620-SED CORPORATION CURRENT CURRENT PRIOR YEAR CURRENT Y-T-D BUDGET 66.67% OF
FINANCIAL SUMMARY BUDGET PERIOD Y-T-D ACTUAL Y-T-D ACTUAL ENCUMBR BALANCE BUDGET
REVENUE SUMMARY
Taxes 6,548,000 600,893.51 3,775,111.97 4,338,880.39 - 2,209,119.61 66.26%
Miscellaneous 182,000 115,029.92 35,396.92 746,286.14 - (564,286.14) 410.05%
TOTAL REVENUES 6,730,000 715,923.43 3,810,508.89 5,085,166.53 - 1,644,833.47 75.56%
EXPENDITURE SUMMARY
NONDEPARTMENTAL
City Assistance 3,000,079 - - 81,944.29 - 2,918,134.71 2.73%
Fund Charges/Transfer 5,750,000 - - - - 5,750,000.00 0.00%
TOTAL NONDEPARTMENTAL 8,750,079 - - 81,944.29 - 8,668,134.71 0.94%
ECONOMIC DEVELOPMENT
Supplies 1,000 - 890.32 316.76 36.20 647.04 35.30%
City Support Services 20,000 256.27 3,765.10 6,676.52 105.97 13,217.51 33.91%
Utility Services 2,975 44.30 1,912.43 93.30 - 2,881.70 3.14%
Operations Support 437,610 7,743.96 115,331.84 87,116.61 8,659.22 341,834.17 21.89%
Staff Support 25,775 1,580.26 9,427.00 10,196.47 186.08 15,392.45 40.28%
City Assistance 205,000 - - 42,115.94 - 162,884.06 20.54%
Professional Services 61,300 6,103.00 14,683.47 43,383.50 - 17,916.50 70.77%
Fund Charges/Transfers 542,221 - 506,984.00 542,221.00 - - 100.00%
Operating Equipment 5,000 - 3,959.76 291.11 - 4,708.89 5.82%
TOTAL ECONO DEVELOPMENT 1,300,881 15,727.79 656,953.92 732,411.21 8,987.47 559,482.32 56.99%
TOTAL EXPENDITURES 10,050,960 15,727.79 656,953.92 814,355.50 8,987.47 9,227,617.03 8.19%
** REVENUE OVER(UNDER) EXPEND (3,320,960) 700,195.64 3,153,555 4,270,811 (8,987.47) (7,582,783.56)
C I T Y O F S C H E R T Z
*************************************************** 2 0 2 2 - 2 0 2 3 ***************************************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: MAY 31st, 2023
2 of 9
620-SED CORPORATION CURRENT CURRENT PRIOR YEAR CURRENT Y-T-D BUDGET 66.67% OF
REVENUES BUDGET PERIOD Y-T-D ACTUAL Y-T-D ACTUAL ENCUMBR BALANCE BUDGET
Taxes
000-411500 Sales Tax Revenue (4B)6,548,000 600,893.51 3,775,111.97 4,338,880.39 - 2,209,119.61 66.26%
TOTAL Taxes 6,548,000 600,893.51 3,775,111.97 4,338,880.39 - 2,209,119.61 66.26%
Miscellaneous
000-491000 Interest Earned 2,000 333.14 409.69 8,017.48 - (6,017.48) 400.87%
000-491200 Investment Earnings 180,000 114,696.78 34,987.23 738,268.66 - (558,268.66) 410.15%
TOTAL Miscellaneous 182,000 115,029.92 35,396.92 746,286.14 - (564,286.14) 410.05%
TOTAL REVENUES 6,730,000 715,923.43 3,810,508.89 5,085,166.53 - 1,644,833.47 75.56%
C I T Y O F S C H E R T Z
REVENUE REPORT (UNAUDITED)
*************************************************** 2 0 2 2 - 2 0 2 3 ***************************************************
AS OF: MAY 31st, 2023
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Cash in Bank
Claim on Operating Cash Pool-Checking 167,046.00$
Cash in Investments
Texas Class Investment-Economic Development Corp 26,732,629.34
Schertz Bank & Trust-Certificate of Deposit 1,099,538.79
Schertz Bank & Trust-Certificate of Deposit 1,140,910.66
Total Cash in Bank & Investments 29,140,124.79$
CASH IN BANK AND INVESTMENTS
AS OF: MAY 31st, 2023
SED CORPORATION
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0.8%
8.0%
24.8%
3.2%
11.1%
17.7%
15.8%
7.7%
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
4B SALES TAX
By Collection Month
2022-23 2021-22 2020-21 2019-20
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-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99
10
1
10
3
10
5
10
7
12 Month Rolling Average
Oct 2014 -Present
Rolling 12 Month Average Long Term Average
6 of 9
Sales Tax Industry Breakdown 2022-23
% of Sales Tax
Industry Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Spt
Unclassfied 1%1%0%0%0%1%0%
Ag, Forestry, Fishing, Hunting 1%0%1%1%0%0%1%
Mining 0%0%0%0%0%0%0%
Utilities 3%8%2%2%5%2%2%
Construction 5%7%9%6%9%11%7%
Wholesale Trade 24%24%22%23%18%22%23%
Information 6%4%6%5%5%6%5%
Finance & Insurance 0%0%0%0%0%0%0%
Real Estate & Rental & Leasing 3%2%3%3%2%3%3%
Professional, Scientific, & Techical Services 1%1%1%1%1%1%2%
Management of Companies & Enterprises 0%0%0%0%0%0%0%
Administrative & Support & Waste Management & Remediation Services 2%2%3%3%2%3%2%
Educational Services 0%0%0%0%0%0%0%
Health Care & Social Assistance 0%0%0%0%0%0%0%
Arts, Entertainment, & Rec 0%0%0%0%0%0%0%
Accommodation & Food 8%8%9%9%9%8%9%
Other Services 2%2%2%2%2%2%2%
Public Admin 0%1%0%0%0%0%0%
Manufacturing 8%7%7%7%9%8%8%
Retail Trade 35%32%34%37%36%33%33%
Transportation & Warehousing 0%0%0%0%0%0%0%
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Sales Tax Industry Breakdown 2021-22
% of Sales Tax
Industry Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Spt
Unclassfied 1%0%0%0%0%0%0%0%1%1%1%1%
Ag, Forestry, Fishing, Hunting 0%1%1%1%0%0%0%1%1%0%1%0%
Mining 0%0%0%0%0%0%-2%0%0%0%0%0%
Utilities 2%7%3%2%5%2%3%6%2%2%6%2%
Construction 8%9%6%5%6%8%9%5%8%6%6%7%
Wholesale Trade 14%16%19%17%16%17%22%21%23%22%24%25%
Information 7%4%7%6%5%7%5%6%4%6%5%5%
Finance & Insurance 0%0%0%0%0%1%0%0%0%0%0%0%
Real Estate & Rental & Leasing 4%3%3%7%3%3%3%3%3%3%2%3%
Professional, Scientific, & Techical Services 11%1%1%2%2%1%1%1%1%1%2%2%
Management of Companies & Enterprises 0%0%0%0%0%0%0%0%0%0%0%0%
Administrative & Support & Waste Management & Remediation Services 2%2%0%2%3%2%2%2%2%2%2%2%
Educational Services 0%0%0%0%0%0%0%0%0%0%0%0%
Health Care & Social Assistance 0%0%0%0%0%0%0%0%0%0%0%0%
Arts, Entertainment, & Rec 0%0%0%0%0%0%0%0%0%0%0%0%
Accommodation & Food 8%9%10%8%9%9%9%9%8%8%7%7%
Other Services 2%2%2%3%3%2%2%2%2%2%2%2%
Public Admin 1%0%0%0%0%0%0%0%0%0%0%1%
Manufacturing 12%12%15%12%10%11%8%8%8%8%6%7%
Retail Trade 29%34%32%36%38%35%36%34%36%38%34%35%
Transportation & Warehousing 0%0%0%0%0%0%0%0%0%0%0%0%
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FUND VENDOR NAME DESCRIPTION AMOUNT
Economic Development SED CORPORATION TEDC Active Membership Dues 550.00
Sales Tax Workshop 200.00
KIMLEY-HORN AND ASSOCIATES INC Town Creek Sewer Capacity 5,830.00
UBEO Monthly Copier Charges 553.10
SCHERTZ EMBROIDERY, LLC Uniforms-Ritchey 60.00
WEX BANK MOnthly Vehicle Fuel 44.30
AMAZON CAPITAL SERVICES INC Promotional Items 43.77
Uniforms for P.Macaluso 79.12
Uniforms-Ritchey 73.57
STEVE WILLIAMS Per Diem 310.50
SCOTT WAYMAN Per Diem 310.50
Dillard's 178.61
Paul Macaluso Per Diem 241.50
ASHLEY RITCHEY Per Diem 310.50
TX MUNICIPAL CLERKS CERT PROGRAM TMCCP Seminar 295.00
DENTON, NAVARRO,Legal Services Mar 2023 78.00
Legal Services Apr 2023 195.00
TEDC TxEDC Patron Investor 5,000.00
CITIBANK Mailchimp 42.11
Northeast Partnership 20.00
Adobe - May 2023 29.99
Gaylord Hotels 304.44
HEB 19.45
CITI 99.00
SAMA Luncheon 50.00
Southwest Airlines 457.95
Clifton Strengths Assessm 21.64
Tropical Smoothie 114.84
Schertz Civic Center 212.50
CITY OF SCHERTZ Postage 2.40
SUBTOTAL:15,727.79
TOTAL:$15,727.79
MAY 2023 PAYABLES REPORT
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Agenda No. 5.
SEDC MEMORANDUM
SEDC
Board Meeting:06/29/2023
Department:Economic Development Corporation
Subject:Discussion and direction concerning SEDC Res.No.2022-7 and
Lookout Rd. design and engineering. (S. Wayman)
BACKGROUND
SEDC Resolution 2022-7 was approved in September 2022.
COMMUNITY BENEFIT
Staff would like discussion on Lookout Road design costs.
FISCAL IMPACT
SUMMARY OF RECOMMENDED ACTION