20231026 Minutes SEDC Board Reg MtgSCHIERTZ
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, October 26, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on Thursday,
October 26, 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 President Paul Macaluso presided over the meeting and called it to order at 6:01 p.m.
Board of Directors Present:
Paul Macaluso, Board President
Sammi Morrill, Board Secretary/Treasurer
Bill Dixon, Board Member
Eryn McElroy, Board Member
Henry Hayes, Board Member
Staff Present:
Scott Wayman, Executive Director
Holly Malish, Deputy Director
Ashley Ritchey, Business Engagement Manager
Brian James, Deputy City Manager
Board of Directors Absent: Others Present:
Jesse Hamilton, Board Vice President Tim Brown, Mayor Pro -Tem, City Council EDC Liaison
Mark Moody, Board Member Allison Heyward, Councilmember, City Council EDC Liaison
Sheree Courney, Deputy City Secretary
2. SEDC Board Member Oath of Office for member appointed by City Council on 09/05/2023 for a term of two years ending
09/30/2025. (S. Coumey)
• Appointment: Henry Hayes
Sheree Coumey, Deputy City Secretary administered the Oath of Office to the new Board Member.
Hearing of Residents
3. 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.
No residents signed up to speak. No comments were made.
Minutes
4. Approval of the minutes for the Board of Directors Regular Monthly Meeting held on Thursday, September 28, 2023. (T.Miller)
Board President Paul Macaluso asked for a motion to approve the Minutes of the Board of Directors Regular Monthly Meeting held
Thursday, September 28, 2023.
Motion by Board Member Bill Dixon, seconded by Board Member Eryn McElroy.
AYE: Board President Paul Macaluso, Board Secretary/Treasurer Sammil Morrill, Board Member Bill Dixon, Board
Member Eryn McElroy, Board Member Henry Hayes.
Presentations
Staff briefing on SEDC monthly financial statement for the month of September 2023. (S.Wayman)
Scott Wayman, Executive Director provided a summary and overview on the SEDC Financials for the month of September 2023.
September 2023 sales tax received was $533,948, expenses were $22,179, a 0.4% increase over the year prior. The 12 -month
rolling average is 7.5% still trending up. Expenditures for September included annual subscriptions, renewals and travel. Notable
expenditures include annual subscriptions for COSTAR Suite and Resimplifi, Project Tiger Impact Analysis and Promotional
Items. Total Cash & Investments figure at the end of September was $31.8 million.
Closed Session
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 -92 • E -88 • E -86
Start time: 6:08 p.m.
End time: 7:02 p.m.
Board President Paul Macaluso reconvened to Open Session at 7:02 p.m.
Reconvene to Regular 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:
• Office closed for Veterans Day November 10, 2023
• Next Board Meeting - November 16, 2023
• Office closed for Thanksgiving November 23 -24, 2023
• Holiday Dinner - December 7, 2023, RSVP by November 16, 2023
• December Board Meeting date rescheduled to December 14, 2023
• Lauren Shrum, Parks and Recreation Director, will present December 2023
• Missions, Goals and Objectives Discussion - December 2023 Meeting
• Board Member Bill Dixon's birthday
• Requests by Board Members to place items on a future SEDC Board Meeting agenda.
• No requests by Board Members to place items on a future SEDC Board Meeting agenda.
Adjournment
Board President Paul Macaluso adjourned the meeting at 7:05 p.m.
MINUTES P 'SED AND APPROVED THIS >/& DAY
L
aul Macaluso
Board President
�1l2023.
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Sammi Morrill
Board Secretary