20240926 Minutes SEDC Board Reg MtgSC1H11L1RZ1F7Z
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, September 26, 2024
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly
Meeting on Thursday, September 26, 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 6:00 p.m.
Board of Directors Present:
Sammi Morrill, Board President
Donna Steward, Board Treasurer
Mark Moody, Board Member
Eryn McElroy, Board Member
Reynaldo 'Ray" Chavez, Board Member
Board of Directors Absent:
Henry Hayes, Board Secretary
William 'Bill" Dixon, Board Vice President
Hearing of Residents
Staff Present:
Scott Wayman, Executive Director
Amy Madison, Deputy Director
Ashley Ritchey, Business Engagement Manager
Tracy Miller, Administrative Assistant
Others Present:
Jeff Harrison, J. Blue Co.
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, July 25,
2024. (T.Miller)
Board President Sammi Morrill asked for a motion to approve the Minutes of the Board of Directors
Regular Monthly Meeting held Thursday, July 25, 2024.
Moved by Board Member Eryn McElroy, seconded by Board Treasurer Donna Steward.
AYE: Board President Sammi Morrill, Board Treasurer Donna Steward, Board Member Mark
Moody, Board Member Eryn McElroy, Board Member Ray Chavez.
Unanimous affirmative vote - Motion carries.
4. Approval of the minutes for the Board of Directors Special Meeting held Thursday, August 29, 2024.
(T.Miller)
Board President Sammi Morrill asked for a motion to approve the Minutes of the Board of Directors
Special Meeting held Thursday, August 29, 2024.
Moved by Board Member Eryn McElroy, seconded by Board Member Ray Chavez.
AYE: Board President Sammi Morrill, Board Treasurer Donna Steward, Board Member Mark
Moody, Board Member Eryn McElroy, Board Member Ray Chavez.
Unanimous affirmative vote - Motion carries.
Presentations
Staff briefing on SEDC monthly financial statements for the months of July 2024 and August 2024.
(S. Wayman/J.Dycus)
Scott Wayman, Executive Director introduced Jessica Dycus, Assistant Finance Director who gave a brief
overview of the SEDC Financial Statement for the months of July 2024 and August 2024.
July 2024 sales tax received was $553,865.47, expenses were $18,402.87, a 7.9% increase over the year
prior. The 12 -month rolling average is 3.2% still trending up. Notable expenditures include annual
subscription dues for CHMURA Economics (JobsEQ), market analysis for The Retail Coach, and
conference expenses. Total Cash & Investments figure at the end of July was $38.2 million.
August 2024 sales tax received was $568,723.73, expenses were $10,771.68, a 4.6% decrease over the
year prior. The 12 -month rolling average is 2.9% still trending up. Notable expenditures include annual
subscription dues for CoStar Realty Information and conference expenses. Total Cash & Investments
figure at the end of August was $38.9 million.
6. Staff briefing on Non - Disclosure Agreement with Schertz Station. (S. Wayman)
Scott Wayman, Executive Director gave a brief overview of the Non- Disclosure Agreement with Schertz
Station. The Non - Disclosure Agreement is for privacy of the sales tax information.
Discussion Items
7. Discussion on possible increase in the dedication of funds for the Parks CIP for the Soccer Field Lights.
(S.Wayman)
Scott Wayman, Executive Director gave an overview of the project for the soccer field lights in
the amount of $1.7 million dollars in the original agreement. They are asking to increase the amount to
$1.8 million dollars not to exceed $1.9 million to add conduit to field 12 and replace old fixtures.
After discussion, the Board requested that Lauren Shrum, Parks Manager to come to the next meeting to
provide more information on the project.
Board President Sammi Morrill recessed Open Session to Closed Session at 6:26 p.m.
Closed Session
8. 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.
• E -80
• E -84
• E -83
Start time: 6:27 p.m.
End time: 7:09 p.m.
Board President Sammi Morrill reconvened to Open Session at 7:09 p.m.
Reconvene to Regular Session
9. Take any actions based on discussion held in closed session under Agenda Item No. 8.
Scott Wayman, Executive Director recommended approval of Resolution 2024 -12 and Resolution
2024 -13.
Board President Sammi Morrill asked for a motion to approve Resolution 2024 -12, a Resolution by the
City of Schertz Economic Development Corporation, authorizing the First Amendment and Assignment
to the Economic Development Performance Agreement between the City of Schertz, Texas, City of
Schertz Economic Development Corporation and 3009 OAC Investment, LLC.
Moved by Board Member Mark Moody, seconded by Board Member Ray Chavez.
AYE: Board President Sammi Morrill, Board Member Mark Moody, Board Member Eryn
McElroy, Board Member Ray Chavez.
NAY: Board Treasurer Donna Steward
Motion passes 4 -1
Board President Sammi Morrill asked for a motion to approve Resolution 2024 -13, a Resolution by the
City of Schertz Economic Development Corporation, authorizing the First Amendment to the Economic
Development Corporation Performance Agreement between the City of Schertz Economic Development
Corporation and Boomerang- Lovett.
Moved by Board Member Ray Chavez, seconded by Board Member Eryn McElroy.
AYE: Board President Sammi Morrill, Board Treasurer Donna Steward, Board Member Mark
Moody, Board Member Eryn McElroy, Board Member Ray Chavez.
Unanimous affirmative vote - Motion carries.
Requests and Announcements
. Announcements by staff:
• National Night Out - October 1, 2024
• Ashley Ritchey, Business Engagement Manager gave an overview on National Night Out on
Main Street.
• Offices closed October 14, 2024 - Columbus Day
• Next Regular Board Meeting - October 24, 2024
• Amy Madison, Deputy Director recognized as a Board Member of the Industrial Asset Management
Council (IAMC) at the 2024 Fall Forum.
• Ashley Ritchey, Business Engagement Manager gave an overview of the IEDC awards SEDC
received at the IEDC Annual Conference.
• Requests by Board Members to place items on a future SEDC Board Meeting agenda.
• No comments were made.
Adjournment
Board President Sammi Morrill asked for a motion to adjourn the meeting.
Moved by Board Treasurer Donna Steward, seconded by Board Member Eryn McElroy.
AYE: Board President Sammi Morrill, Board Treasurer Donna Steward, Board Member Mark Moody,
Board Member Eryn McElroy, Board Member Ray Chavez.
Unanimous affirmative vote - Motion carries.
Board President Sammi Morrill adjourned the meeting at 7:17 p.m.
MINUTES PASSED AND APPROVED THIS Zq DAY 19a--d la— 2024.
Sammi Morrill
Board President
Henry FWes
Board Secretary