20240125 Minutes SEDC Board Reg MtgSC]HI]EIRZ
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, January 25, 2024
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly
Meeting on Thursday, January 25, 2024. 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.
In accordance with provisions of the Texas Open Meetings Act, Chapter 551, Texas Government Code notice is
hereby given that a Possible Quorum of the governing body of the City of Schertz, Texas may take place at this
meeting.
Call to Order
1. Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and
public participation.
Board President Sammi Morrill presided over the meeting and called it to order at 6:01 p.m.
Board of Directors Present:
Sammi Morrill, Board President
Bill Dixon, Board Vice President
Henry Hayes, Board Secretary
Donna Steward, Board Treasurer
Mark Moody, Board Member
Eryn McElroy, Board Member
Reynaldo Chavez, Board Member
Others Present:
Tim Brown, Councilmember, City Council EDC Liaison
Robert Marks Jr., Citizen
Hearing of Residents
Staff Present:
Scott Wayman, Executive Director
Holly Malish, Deputy Director
Ashley Ritchey, Business Engagement Manager
Tracy Miller, Administrative Assistant
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
No residents signed up to speak. No comments were made.
Minutes
3. Approval of the minutes for the Board of Directors Regular Monthly Meeting held Thursday, December
14, 2023 (T.Miller)
Board President Sammi Morrill asked for a motion to approve the Minutes of the Board of Directors
Regular Monthly Meeting held on Thursday, December 14, 2023.
Motion by Board Secretary Henry Hayes, seconded by Board Vice President Bill Dixon.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Henry
Hayes, Board Treasurer Donna Steward, Board Member Mark Moody, Board Member
Eryn McElroy, Board Member Reynaldo Chavez.
Unanimous affirmative vote - Motion carries.
Presentations
4. Staff briefing on SEDC monthly financial statement for the month of November and December 2023.
(S.Wayman)
Scott Wayman, Executive Director, provided a summary and overview of the SEDC Financial Statement
for the month of November and December 2023.
November 2023 sales tax received was $594,656.28, expenses were $149,137.61, a 0.2% decrease over
the year prior. The 12 -month rolling average is 7.5% still trending up. Notable expenditures included
payments to Texas Department of Transportation for their I -35 NEX Project and Omni Dallas for the
Texas Municipal League Conference. Total Cash & Investments figure at the end of November was $33
million.
December 2023 sales tax received was $535,988.72, expenses were $3,744.35, a 3.9% increase over the
year prior. The 12 -month rolling average is 6.0% still trending up. Notable expenditures included
payments to Dilly Deli for a Regional Job Fair and CCIM Sponsorship. Total Cash & Investments figure
at the end of December was $33.7 million.
James Walters, Finance Director, will present the SEDC monthly financial statement and discuss some
investments at the March 28, 2024 Regular Board Meeting.
5. Staff briefing reviewing SEDC Reserve Funding and Structure. (H.Malish)
Holly Malish, Deputy Director, gave an overview of the SEDC Reserve Funding and discussed the
current balance, current projects and working projects that are in negotiation.
6. Staff briefing on SEDC Goals and Mission Statement. (H.Malish/A.Ritchey)
Holly Malish, Deputy Director, provided an overview of how 4B sales tax funds can be spent and what's
allowable for fund use. She also discussed the Pillars of Economic Development including Business
Retention & Engagement, Business Attraction, Workforce Development, Quality of Life,
Marketing /Brand Management, Real Estate and Operations Management.
Ashley Ritchey, Business Engagement Manager, provided an overview of some Schertz attributes,
disadvantages, concerns and opportunities. Ms. Ritchey also discussed the current mission statement.
Staff asked the Board to provide feedback by emailing staff five words /phrases /ideas on the mission
statement by February 9th on the following:
• What we do
• For whom we do it
• How we do it
• Why we do it
Staff asked the Board to prioritize what goals to focus on this year and email staff by February 9th:
• Business Attraction
• Business Retention & Engagement
• Workforce Development
• Marketing/Brand Management
• Quality of Life
• Real Estate
• Entrepreneurship
• Operations Management
After discussion, the Board decided the top three goals to concentrate on are:
1. Business Attraction and Retention
2. Infrastructure
3. Quality of Life
Board President Sammi Morrill recessed Open Session to Closed Session at 7:17 p.m.
Closed Session
7. 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 -88
Start time: 7:18 p.m.
End time: 7:42 p.m.
Board President Sammi Morrill reconvened to Open Session at 7:43 p.m.
Reconvene to Regular Session
8. Take any actions based on discussion held in Closed Session under Agenda Item No. 7
No action was taken based on discussion in Closed Session.
Requests and Announcements
. Announcements by staff,
• Offices closed February 19, 2024 - President's Day
• Next Regular Board Meeting - February 22, 2024
• Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Adjournment
Board President Sammi Morrill adjourned the meeting at 7:47 p.m.
MINUTES PASSED AND APPROVED THIS 22 DAY 2024.
Sa "mm i Morrill Henry H s
Board President Board Secretary