20241121 Minutes SEDC Board Reg MtgSCHHERTZ
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, November 21, 2024
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on
Thursday, November 21, 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 6:15 p.m.
Board of Directors Present:
Sammi Morrill, Board President
William 'Bill' Dixon, Board Vice President
Henry Hayes, Board Secretary- arrived at 6:42 p.m
Mark Moody, Board Member
Eryn McElroy, Board Member
Board of Directors Absent:
Donna Steward, Board Treasurer
Reynaldo "Ray" Chavez, Board Member
Hearing of Residents
Staff Present:
Scott Wayman, Executive Director
Amy Madison, Deputy Director
Ashley Ritchey, Business Engagement Manager
Tracy Miller, Administrative Assistant
Brian James, Deputy City Manager
Others Present:
Allison Heyward, Councilmember City Council EDC Liaison
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, October 24, 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, October 24, 2024.
Moved by Board Member Eryn McElroy, seconded by Board Vice President Bill Dixon.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, 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 October 2024. (S.Wayman)
Scott Wayman, Executive Director gave a brief overview of the SEDC Financial Statement for October 2024.
October 2024 sales tax received was $511,724.88, expenses were $675,792.56, a 13% decrease over the year prior.
The 12 -month rolling average is 1.3% still trending up. Notable expenditures include an incentive payment to
Kellum Real Estate LLC, a payment to City of Schertz for semi - annual services, payments to Greater SATX and
Schertz Chamber of Commerce for annual membership dues and a payment to T IL Intergovernmental Risk Pool for
insurance. Total Cash & Investments figure at the end of October was $39.1 million.
Board President Sammi Morrill recessed Open Session to Close Session at 6:21 p.m.
Closed Session
5. 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 -99
Start time: 6:21 p.m.
End time: 6:59 p.m.
Board President Sammi Morrill reconvened to Open Session at 7:00 p.m.
Reconvene to Regular Session
6. Take any actions based on discussion held in closed session under Agenda Item No. 5.
No action taken based on discussion in Closed Session.
Requests and Announcements
• Announcements by staff.
.Offices Closed November 28 -29, 2024 - Thanksgiving Holiday
• Next Regular Board Meeting - December 12, 2024
*Holiday Dinner - December 12, 2024, RSVP by December 2, 2024
• 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 Secretary Henry Hayes.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Henry Hayes, Board
Member Mark Moody, Board Member Eryn McElroy.
Unanimous affirmative vote - Motion carries.
Board President Sammi Morrill adjourned the meeting at 7:02 p.m.
MINUTES PASSED AND APPROVED THIS Z3 DAY r Faw 2025.
CA-
v
a Morrill Gonna Steward
Board President Board Treasurer