20240725 Minutes SEDC Board Reg MtgSC1H11E1RZ1FZ
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, July 25, 2024
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly
Meeting on Thursday, July 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 Vice President Bill Dixon presided over the meeting and called it to order at 6:00 p.m.
Board of Directors Present: Staff Present:
William 'Bill" Dixon, Board Vice President Scott Wayman, Executive Director
Donna Steward, Board Treasurer Ashley Ritchey, Business Engagement Manager
Mark Moody, Board Member
Reynaldo "Ray" Chavez, Board Member
Board of Directors Absent:
Sammi Morrill, Board President
Henry Hayes, Board Secretary
Eryn McElroy, Board Member
Hearing of Residents
Tracy Miller, Administrative Assistant
Brian James, Deputy City Manager
Others Present:
Tim Brown, Councilmember City Council EDC Liaison
Daryl John, John Family Properties
Briana John, John Family Properties
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, June 27,
2024. (T.Miller)
Board Vice President Bill Dixon asked for a motion to approve the Minutes of the Board of Directors
Regular Monthly Meeting held on Thursday, June 27, 2024.
Moved by Board Member Mark Moody, seconded by Board Treasurer Donna Steward.
AYE: Board Vice President Bill Dixon, Board Treasurer Donna Steward, Board Member Mark
Moody, Board Member Ray Chavez.
Unanimous affirmative vote - Motion carries.
Presentations
4. Staff briefing on SEDC monthly financial statement for the month of June 2024 and Reserve Fund
model. (S.Wayman)
Scott Wayman, Executive Director, provided a summary and overview of the SEDC Financial
Statement for the month of June 2024.
June 2024 sales tax received was $599,266.27, expenses were $22,589.69, a 5.7% increase over the year
prior. The 12 -month rolling average is 3.1 % still trending up. Notable expenditures include annual
membership dues to the Texas Economic Development Council (TEDC), expenses related to the
financial audit and annual reports and expenses for the ICSC conference. Total Cash & Investments
figure at the end of June was $37.5 million.
Mr. Wayman also stated that Board Treasurer Donna Steward discovered a discrepancy in the financial
totals. James Walters, Finance Director discovered a missing post to our account in the amount of
$10,018.72 for a Certificate of Deposit (CD).
Staff update on Schertz Station. (S.Wayman)
Scott Wayman, Executive Director gave a brief update on Schertz Station provided by Britney Schindler
with Merit. Ripps Kreusler extension has an estimated completion date of mid - November 2024.
6. Presentation by Bob Stein with NAI Signage Solutions. (S.Wayman)
Bob Stein with NAI Signage Solutions was unable to attend the meeting. Scott Wayman, Executive
Director gave a brief presentation of the project requesting help to extend Public Infrastructure
Improvements, including extension and relocation of the water line and sewer line extension.
7. Presentation by Daryl John with Las Palapas. (S.Wayman)
Scott Wayman, Executive Director introduced Daryl John. Mr. John gave a brief presentation on the
proposed location and plans for the Las Palapas project.
Public Hearing
Resolution 2024 -8 - Authorizing an Incentive Agreement between the City of Schertz Economic
Development Corporation and NAI Signage Solutions. (S.Wayman)
Board Vice President Bill Dixon opened the public hearing at 6:20 p.m.
No public comment was made.
Board Vice President Bill Dixon closed the public hearing at 6:22 p.m.
9. Resolution 2024 -9 - Authorizing an Incentive Agreement between the City of Schertz Economic
Development Corporation and Las Palapas Schertz. (S.Wayman)
Board Vice President Bill Dixon opened the public hearing at 6:23 p.m.
No public comment was made.
Board Vice President Bill Dixon closed the public hearing at 6:24 p.m.
Discussion Items
10. Resolution 2024 -10 - Approving authorization by the Executive Director to execute a Consent to
Security Agreement and Collateral Assignment with Ripps Kreusler LLC.
Board Vice President Bill Dixon asked for a motion to approve Resolution 2024 -10, a Resolution by the
City of Schertz Economic Development Corporation, Texas approving authorization by the Executive
Director to execute a Consent to Security Agreement and Collateral Assignment with Ripps Kreusler
LLC.
Moved by Board Member Ray Chavez, seconded by Board Member Mark Moody.
AYE: Board Vice President Bill Dixon, Board Member Mark Moody, Board Member Ray Chavez.
NAY: Board Secretary Donna Steward.
Motion carries 3 -1.
Board Vice President Bill Dixon recessed Open Session to Closed Session at 6:28 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) to deliberate the offer of a
financial or other incentive to a business prospect.
• Project E -95
• Project E -96
Start time: 6:29 p.m.
End time: 6:50 p.m.
Board Vice President Bill Dixon reconvened to Open Session at 6:51 p.m.
Reconvene to Regular Session
12. Take any actions based on discussion held in closed session under Agenda Item No. 11
Scott Wayman, Executive Director recommended approval of resolutions 2024 -8 and 2024 -9.
Board Vice President Bill Dixon asked for a motion to approve Resolution 2024 -8, a Resolution by the
City of Schertz Economic Development Corporation, Texas authorizing the Executive Director of the
City of Schertz Economic Development Corporation to enter into an Incentive Agreement with NAI
Signage Solutions.
Moved by Board Member Mark Moody, seconded by Board Treasurer Donna Steward.
AYE: Board Vice President Bill Dixon, Board Treasurer Donna Steward, Board Member Mark
Moody, Board Member Ray Chavez.
Unanimous affirmative vote - Motion carries.
Board Vice President Bill Dixon asked for a motion to approve Resolution 2024 -9, a Resolution by the
City of Schertz Economic Development Corporation, Texes authorizing the Executive Director of the
City of Schertz Economic Development Corporation to enter into an Incentive Agreement with Las
Palapas Schertz.
Moved by Board Treasurer Donna Steward, seconded by Board Member Ray Chavez.
AYE: Board Vice President Bill Dixon, Board Treasurer Donna Steward, Board Member Mark
Moody, Board Member Ray Chavez.
Unanimous affirmative vote - Motion carries.
Requests and Announcements
• Announcements by staff:
. Next Regular Board Meeting - August 22, 2024
• Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Adjournment
Board Vice President Bill Dixon adjourned the meeting at 6:58 p.m.
MINUTES PASSED AND APPROVED THIS 7�P DAY S�e�6' 2024.
Sammi Morrill
Board President
Donna Steward i
Board Treasurer