20240627 Minutes SEDC Board Reg MtgSSCC]H[lC1RZ1C7L
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, June 27, 2024
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly
Meeting on Thursday, June 27, 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
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 6:02 p.m.
Board of Directors Present:
Sammi Morrill, Board President
Henry Hayes, Board Secretary
Donna Steward, Board Treasurer
Mark Moody, Board Member
Eryn McElroy, Board Member
Board of Directors Absent:
Bill Dixon, Board Vice President
Reynaldo "Ray" Chavez, Board Member
Hearing of Residents
Staff Present:
Scott Wayman, Executive Director
Tracy Miller, Administrative Assistant
Brian James, Deputy City Manager
Others Present:
Tim Brown, Councilmember City Council EDC Liaison
Will Henry, Legacy Commercial Real Estate
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.
Members of the Parks and Recreation Board were present and presented a gift of appreciation to the EDC
Board of Directors.
1. Cassie Paddock, Parks Recreation Manager - Thanked the Board for their support in approving
the funding for the parks projects and presented the Board with a gift basket.
2. William Bosch, Parks Board Member - No comments were made.
3. Johnie McDow, Parks Board Member - Thanked the Board for giving their time and effort in giving
consideration for the quality of life issues in our city. Also, for helping with the funding for the
installation of lights, Hilltop Park and their support of the Parks and Rec's initiatives.
4. Robert Sheridan, Parks Board Member - Thanked the Board for doing this initiative. This will help
to improve and expand our tournaments to bring more money to the city.
Board President Sammi Morrill thanked the Parks Board for their leadership, thoughtful planning and
organization.
Minutes
3. Approval of the minutes for the Board of Director Regular Monthly Meeting held Thursday, May 23,
2024. (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, May 23, 2024.
Moved by Board Member Eryn McElroy, seconded by Board Treasurer Donna Steward.
AYE: Board President Sammi Morrill, Board Secretary Henry Hayes, Board Treasurer Donna
Steward, Board Member Mark Moody, Board Member Eryn McElroy.
Unanimous affirmative vote - Motion carries.
Presentations
4. Staff briefing on SEDC monthly financial statement for the month of May 2024. (S. Wayman)
Scott Wayman, Executive Director provided a summary and overview of the SEDC Financial Report for
the month of May 2024.
May 2024 sales tax reviewed was $618,806.21, expenses were $4,888.39, a 5.3% increase over the years
prior. As the Federal Reserves has delayed rate drops, investment income has remained strong and is
poised to come higher than projected by year -end. The 12 -month rolling average is 3.7% and no notable
expenditures for May 2024. Total Cash and Investments figure at the end of May was $36,038,192.30.
5. Staff briefing on Annual Report of Schertz Economic Development Corporation Year 2023. (S.Wayman)
Scott Wayman, Executive Director gave a brief overview of the Schertz Economic Development
Corporation Annual Report for fiscal year 2023 and stated it is located on the SEDC website.
Board President Sammi Morrill recessed Open Session to Closed Session at 6:15 p.m.
Closed Session
6. 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 -95
• Project E -80
• Project E -84
• Project E -96
Start time: 6:16 p.m.
End time: 6:46 p.m.
Board President Sammi Morrill reconvened to Open Session at 6:46 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 July 4 -5, 2024 - Independence Day
• SEDC Workshop - July 18, 2024
• Workshop postponed until after EDC Deputy Director is hired.
• Next SEDC Regular Meeting - July 25, 2024
• Requests by Board Members to place items on a future SEDC Board Meeting agenda.
• Board President Sammi Morrill requested an update on Schertz Station.
• Board Treasurer Donna Steward requested a quarterly update on the Reserve Fund model.
Adjournment
Board President Sammi Morrill asked for a motion to adjourn the meeting.
Moved by Board Secretary Donna Steward, seconded by Board Member Mark Moody.
AYE: Board President Sammi Morrill, Board Secretary Henry Hayes, Board Treasurer Donna Steward,
Board Member Mark Moody, Board Member Eryn McElroy.
Unanimous affirmative vote - Motion carries.
Board President Sammi Morrill adjourned the meeting at 6:49 p.m.
MINUTES PASSED AND APPROVED THIS ZS DAY 2024.
4 W.
Sammi Morrill
Board President
Henry Frayes
Board Secretary