20231214 Minutes SEDC Board Reg MtgSCHIERTZ
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, December 14, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on Thursday,
December 14, 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 Secretary/Treasurer Sammi Morrill presided over the meeting and called it to order at 6:00 p.m.
Board of Directors present:
Sammi Morrill, Board Secretary/Treasurer
Bill Dixon, Board Member
Henry Hayes, Board Member
Donna Steward, Board Member
Reynaldo Chavez, Board Member
Board of Directors Absent:
Mark Moody, Board Member
Eryn McElroy, Board Member
Staff Present:
Scott Wayman, Executive Director
Holly Malish, Deputy Director
Ashley Ritchey, Business Engagement Manager
Tracy Miller, Administrative Assistant
Brian James, Deputy City Manager
Others Present:
Tim Brown, Councilmember, City Council EDC Liaison
Allison Heyward, Councilmember, City Council EDC Liaison
Sheree Courney, Deputy City Secretary
Lauren Shrum, Parks and Recreation Director
John Nowak, Engineer
Will Collins, Merit Acquisitions, LLC
Madison Iszler, San Antonio Business Journal
2. SEDC Board Member Oath of Office for member appointed by City Council on 12/05/2023 for a term of two years ending on
09/30/2025 (S.Courney)
• Reynaldo Chavez
Sheree Coumey, Deputy City Secretary, administered the Oath of Office to the new Board Member.
Board Member Reynaldo Chavez gave a brief introduction of his background.
3. Election of Schertz Economic Development Corporation officers. (S. Morrill)
Board Secretary/Treasurer Sammi Morrill opened the position of Board President for discussion and asked for a recommendation
for a Board President. Board Member Donna Steward nominated Board Secretary/Treasurer Sammi Morrill to serve as President
of the Board.
Motion by Board Member Donna Steward, seconded by Board Member Bill Dixon.
AYE: Board Secretary/Treasurer Sammi Morrill, Board Member Bill Dixon, Board Member Henry Hayes, Board
Member Donna Steward, Board Member Reynaldo Chavez.
Board President Sammi Morrill opened the position of Board Vice President for discussion and asked for a recommendation or
motion for Board Vice President. Board Member Henry Hayes nominated Board Member Bill Dixon.
Motion by Board Member Henry Hayes, seconded by Board Member Donna Steward.
AYE: Board President Sammi Morrill, Board Member Bill Dixon, Board Member Henry Hayes, Board Member
Donna Steward, Board Member Reynaldo Chavez.
Board President Sammi Morrill opened the position of Board Secretary for discussion and asked for a recommendation for Board
Secretary. Board Member Donna Steward recommended Board Member Henry Hayes.
Motion by Board Member Donna Steward, seconded by Board President Sammi Morrill.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Member Henry Hayes, Board Member
Donna Steward, Board Member Reynaldo Chavez.
Board President Sammi Morrill opened the position of Board Treasurer for discussion and asked for a recommendation. Board
Member Donna Steward received a recommendation.
Motion by Board Vice President Bill Dixon, seconded by Board Secretary Henry Hayes.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Henry Hayes, Board Member
Donna Steward, Board Member Reynaldo Chavez.
Hearing of Residents
4. 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
No residents signed up to speak. No comments were made.
Approval of the minutes for the Board of Directors Regular Monthly Meeting held Thursday, November 16, 2023. (T.Miller)
Board President Sammi Morrill asked for a motion to approve the Minutes of the Board of Directors Regular Meeting held
Thursday, November 16, 2023.
Motioned by Board Secretary Henry Hayes, seconded by Board Member Reynaldo Chavez.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Henry Hayes, Board Treasurer
Donna Steward, Board Member Reynaldo Chavez.
Presentations
Staff briefing on SEDC monthly financial statement for the month of October 2023. (S. Wayman)
Scott Wayman, Executive Director, provided a summary and overview of the SEDC Financial Statement for the month of October
2023.
October 2023 sales tax received was $867,815, expenses were $289,431, a 16.3% increase over the year prior. The State did have
a correction in our favor that included an additional one -time deposit of $33,216.28. Without this correction, sales taxes would
only have increased 9.7 %. The 12 -month rolling average is 8.3% still trending up. Expenditures for October included semi - annual
payment for the service agreement between the City of Schertz and SEDC, as well as other annual membership payments and
insurance. Notable expenditures include payments to the City of Schertz, Schertz Chamber of Commerce, Greater SATX and
TML Intergovernmental Risk Pool. Total Cash & Investments figure at the end of October was $32.2 million.
Mr. Wayman asked the Board if they would like James Walters, Finance Director, to attend the meetings quarterly to give the
Financial Statement presentation to answer any questions. Board Secretary Henry Hayes supports the Finance Director
attending the Regular Board Meeting quarterly and Board President Sammi Morrill agrees.
Presentation by Will Collins with Merit Acquisitions, LLC on Project Coin. (S.Wayman)
Scott Wayman, Executive Director, gave a brief introduction of Will Collins, Merit Acquisition.
Mr. Collins gave a brief overview of the Project Coin. This project began in Februray 2022 and will be developing 35 arces of
land between Cibolo Valley Drive and I -35. Total investment will be more than 65 million dollars extending Ripps Kreusler Rd
north. Over a 10 year period of time this project will generate over 23 million dollars once the project is completed.
Public Hearing
8. Resolution 2023 -15 - Authorizing the Executive Director of the Schertz Economic Development Corporation to enter into an
Incentive Agreement with Merit Acquisitions, LLC. (S. Wayman)
Board President Sammi Morrill opened the public hearing at 6:23 p.m.
No public comment was made.
Board President Sammi Morrill closed the public hearing at 6:23 p.m.
Discussion Items
City of Schertz Parks & Recreation Department priorities, current and planned projects. (L.Shrum)
Scott Wayman, Executive Director introduced Lauren Shrum, Parks and Recreation Director gave a brief overview of the Quality
of Life projects and how the projects are priorities and funded.
10. Tri -County Parkway and Lookout Road update. (J.Nowak)
Scott Wayman, Executive Director introduced John Nowak, Engineer. Mr. Nowak gave a brief update on the completion of the
Tri -County Parkway project and an overview of the Lookout Road project.
Board President Sammi Morrill recessed Open Session to Closed Session at 6:54 p.m.
Closed Session
11. 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 -88
• E -92
Start time: 6:56 p.m.
End time: 7:41 p.m.
Board President Sammi Morrill reconvened to Open Session at 7:42 p.m.
Reconvene to Regular Session
12. Take any actions based on discussion held in closed session under Agenda Item No. 11.
No action was taken based on discussion held in closed session.
13. Resolution 2023 -15 - Authorizing the Executive Director of the Schertz Economic Development Corporation to enter into an
Incentive Agreement with Merit Acquisitions, LLC.
Board President Sammi Morrill read the following caption into record and asked for a motion:
Resolution 2023 -15 - Authorizing the Executive Director of the Schertz Economic Development Corporation to enter into an
Incentive Agreement with Merit Acquisitions.
Motion by Board Vice President Bill Dixon, seconded by Board Member Reynaldo Chavez.
Requests and Announcements
• Announcements by staff:
• Offices closed December 22 -25, 2023 - Christmas Holiday
• Offices closed January 1, 2024 -New Year's Day
• Offices closed January 15, 2024 - Martin Luther King Jr. Day
• Next Regular Board Meeting - January 25, 2024
• Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Adjournment
Board President Sammi Morrill adjourned the meeting at 7:48 p.m.
MINUTES PASSED AND APPROVED THIS Zs DAY
J.
2024.
Sammi Morrill Ienry 141 es
Board President Board Secretary