20230629 Minutes SEDC Board Reg Mtg§CJHDEJRtlfZ
ECONOMIC DEVELOPMENT CORPORATION
MlNUTES
Thursday, Juoe 29, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly
Meeting on Thursday, June 29, 2023. at 6:00 p.rn. at the Hal Baldwin Municipal Complex, Council Chambers
Conference Room, Building No. 4, 1400 Schertz Parkway, Schertz, Texas. This was an open meet ing, subject to
the open meeting laws of the State of Texas.
Call To Order
1. RoJI call, recognition of visitors, and review of meeting instructions for effective Board interaction and
public participation.
Board President Paul Macaluso presided over the meeting and called 1t to order at 6:00 p.m.
Board of Directors Present:
Paul Macaluso, Board President
Sammi Monill, Board Secretary
Bryan Snowden, Treasurer
Roy Richard, Board Member
Bill Dixon, Board Member
Board of Directors Absent:
Jesse Hamilton, Vice Present
Mark Moody, Board Member
Hearing of Residents
Staff Present:
Scott Wayman, Executive Director
Ashley Ritchey, Business Engagement Manager
Tracy Miller, Administrative Assistant
Brian James, Deputy City Manager
John Nowak, Eng1neer
Others Present!
Tim Brown, Mayor Pro-Tern, City Council Liaison
2. This time is set aside for any person who wishes to address the Board. Presentations should be limited to
no m ore than 3 minutes. The presiding officer will call on th ose persons who have signed up lo speak.
No residents were present.
Minutes
3 . Approval of the minutes for the Board of Directors Regular Monthly Meetings held on Thursday, May
25, 2023. (T.Miller/S.Wayman)
Board President Macaluso asked for a motion to approve the Minutes of the Board of Directors Regular
Monthly Meeting held on Thursday, May 25, 2023 .
Moved by Board Member Roy Richard, seconded by Board Member Bill Dixon.
A YE: Board President Paul Macal uso, Board Secretary Sammi Morrill, Treasurer Bryan Snowden,
Board Member Bill Dixon, Board Member Roy Richard.
Presentations
4. Staff briefing on SEDC monthly financial statement for the month of May 2023. (J. Walters/S. Wayman)
Mr. Wayman provided an update on the financials for the month. May sales tax received was $587,554, a
7. 7% increase over the year prior. The 12-month rolling average is I 0.3% still trending up. Notable
expenditures include Town Creek Sewer Capacity and TxEDC Patron Investor. Total Cash & Investments
figure at the end of May was $29.1 million.
Discussion Items
5. Discussion and direction concerning SEDC Res.No.2022-7 and Lookout Rd. design and engineering. (S.
Wayman)
Mr. Wayman provided the history of SEDC Res . No. 2022-7 authorizing and approving up to $770 ,000
for the design of the Lookout Road project. Mr. Wayman wanted to affirm the action that was taken by
the Board at the September 2022 meeting to approve the design work.
The Board approved to go forward the project.
Board President Paul Macaluso recessed Open Session to Closed Session at 6: 11 p.m.
Closed Session
6. Called in accordance with Sect ion 551.08 7 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 fmancial 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.
eE-80
• E-81
• E-84
Start time: 6: 12 p.m.
End time: 6:38 p.m.
Board President Paul Macaluso reconvened to open session at 6:38 p.m.
Reconvene to regular session
No action was taken based on discussion in closed session.
7. Take any actions based on discussion held in closed session under Agenda Item No.6
No action was taken based on discussion in closed session.
Requests and Announcements
• Announcements by staff:
•Set date for Board Workshop -No date was set for Board Workshop
•Ashley Ritchey update on Chicago Mission Trip with Team Texas -Ashley Ritchey gave an update
on Team Texas trip.
•Update on Breakfast Club presentation -Scott Wayman gave an update on the Breakfast Club
meeting
• 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.
• No request were made.
Adjournment
Board President Paul Macaluso adjourned the meeting at 6:43 p.m.
MINUTES PASSED AND APPROVED TH1 s)4 DAY ~ 2023.
/'~
.-j)aul Macaluso
Board President Board Secretary