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20230525 Minutes SEDC Board Reg MtgECONOMIC DEVELOPMENT CORPORATION 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 lh e open meeting laws of lh e Slate 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 Hami1lon presided over the meeting and called i l lo order at 6:00 p.m. Board of Directors Present: Jesse Hamilton, Board Vice President Sammi Morrill, Board Secretary Bill Dixon, Board Member Mark Moody, Board Member Roy Richard, Board Member Board of Directors Absent: Paul Macaluso, Board President Bryan Snowden, Board Treasurer Hearing of Residents Staff Present: Scott Wayman, Executive Director Holly Malish, Deputy Director Ashley Ritchey, Business Engagement Manager Tracy Miller, Administrative Assistant Brian James, Deputy City Manager Sheree Coumey, Deputy City Secretary John Nowak, Engineer Others Present: Tim Brown, Mayor Pro-Tern, C ity Council Liaison Allison Heyward, Councilmember, City Council Liaison 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. 1. Nicole Perez of the City of Cibolo 2. Natalia Brookens from The Chamber 3. Wyatt Agee of the City of Selma 4. Jade Dimitri from CASA Central Texas 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 Dircc1ors Regular Monthly Meetings held on Thursday, March 16, 2023 (S.Coumey), 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. A YE: 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. Presentations Moved by Board Member Roy Richard, seconded by Board Member Mark Moody A YE: Board Vice President Jesse Hamilton, Board Secretary Sammi Monill, Board Member Bill Dixon, Board Member Roy Richard, Board Member Mark Moody 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 S594,202, a 15 .8% increase over the year prior. The 12-month rolling average is 9.6% stiJJ 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 lo fully fund the project • Schertz UDC 21.14.6 -Construction Concunent 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 (TCSC) 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 • Visi ted 27 businesses •Sold 636 snow con es at $2.50 each •Spent S l ,640 budgeted $3 ,000 The Re g ional Job F air at Cibolo YMCA: •He ld May 11th • 65 e mpl oyers, 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 D evelopment Corporation and Nexus E n terprises LLC ; and other matters in connection therewith. M s. Malish provided an updale on Nexu s Enterprises LLC a·nd amending the Economic Dev e lopmen t Performance Agreem ent b etween the City of Schertz Economic Devel opment Corporation and Nexus Enterprises LLC. Board Vice .P resident Jesse Hamilton asked for a motion ro approve SED C Reso luH on No. 2023 -5, a Resolut ion by the City of Schertz Economic D evelopment Corporation ("SEDC") Board of Directors ("The Board") Moved by Board Member Roy Richard, seconded by Board Secretary Sammi Morrill. A YE: 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 accord ance with Section 551.087 of the Texas Government Code, Deliberation Regarding Economic Development Negotiations~ Closed Meeting. The goverrunental body is not required to con duct an open meeting (1) to discuss or deliberate regarding commercial or financial information Lhat the governmental body has received from a b u siness prospect that the governmental body seeks to h ave locat e, stay , or expan d in or near the territory of the govemmental body and w ith which the governmental body is conducting economic development negotiations; or (2) the deliberate the offer of a financia l or ot her incentive to a business prospect. •Proj ect E·80 •Proj ect E·84 • Pr~j ect 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 .rn. 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 s h ared she w ill be taking a Leave of Absence beginning June 28, 2023 • Board Member Roy Richard birthday • SEDC Facebook page • Lauren Shrum, Parks and Recreation Director, w ill present July 2023 •Meeting with Schertz 35 Project (Sch ertz 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~q DAY ~<2023. Ji(oJNia~aluso Board President Board Secretary