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20250626 SEDC Board Reg MtgSCIHIILIR�IF7Z ECONOMIC DEVELOPMENT CORPORATION MINUTES Thursday, June 26, 2025 The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on Thursday, June 26, 2025, 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 6:16 p.m. Board of Directors Present: Sammi Morrill, Board President William 'Bill" Dixon, Board Vice President Reynaldo 'Ray" Chavez, Board Member Bryan Jones, Board Member Sharon Denson, Board Member Board of Directors Absent: Eryn McElroy, Board Secretary Mark Moody, Board Treasurer 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: Tim Brown, Councilmember Liaison Jessica Dycus, Assistant Finance Director Matt Clingo, Schertz Resident 2. SEDC Board Member Oath of Office for a member appointed by City Council on 05/20/2025 for an unexpired term ending on 09/30/2025. (S.Courney) . Sharon Denson Sheree Courney, Deputy City Secretary administered the Oath of Office to the new Board Member. Scott Wayman, Executive Director welcomed her and asked Board Member Denson to give an introduction. Ms. Denson gave a brief introduction of her background. Hearing of Residents 3. 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 4. Approval of the minutes for the Board of Directors Regular Monthly Meeting held Thursday, May 22, 2025. (S.Wayman/T.Miller) Board President Sammi Morrill asked for a motion to approve the Minutes of the Board of Directors Regular Monthly Meeting held Thursday, May 22, 2025. Moved by Board Vice President Bill Dixon, seconded by Board Member Bryan Jones. AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Member Ray Chavez, Board Member Bryan Jones, Board Member Sharon Denson. Unanimous affirmative vote - Motion carries. Presentations 5. Staff briefing on SEDC monthly financial statement for the month of May 2025. (S.Wayman/J.Dycus) Scott Wayman, Executive Director introduced Jessica Dycus, Assistant Finance Director and gave a brief overview of the SEDC Financial Statement for May 2025. May 2025 sales tax received was $1,672,134.36, expenses were $1,854,872.86, a 170.2% increase over the prior year. The 12 -month rolling average is 20.4% and still trending up. Notable expenditures include funding for soccer field lights at Schertz Soccer Complex. Total Cash and Investments at the end of May was $35,928,282.88. Scott Wayman, Executive Director gave a brief overview of the Reserve Fund Model, Discussion Items Discussion regarding the Texas Workforce Commission High Demand Job Training Grant Program for Type 4A and 4B Corporations. (S.Wayman/A.Madison) Amy Madison, Deputy Director provided a review of a Texas Workforce Commission Grant Program called the High Demand Job Training Grant which sets aside $1,000,000 in matching funds annually and distributed between 28 workforce boards in the state on a first come, first serve basis. The max grant that each board may receive is $150,000 and only Type A and Type B Economic Development Corporations are eligible for the funds. The SEDC staff are preparing a submittal for a workforce study and other workforce matching grants from the Alamo Workforce Board. Matching funds are available in the FY26 Budget without an increase. If awarded, the consultant contract and any equipment purchases will require approval from SEDC and City Council. Board President Sammi Morrill recessed Open Session to Closed Session at 6:42 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) to deliberate the offer of a financial or other incentive to a business prospect. • Project - E -105 • Project - E -102 Start time: 6:42 p.m. End time: 7:00 p.m. Board President Sammi Morrill reconvened to Open Session at 7:00 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 July 4, 2025 - Independence Day • Next Regular Board Meeting - July 24, 2025 . 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. Motion by Board Member Ray Chavez. AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Member Ray Chavez, Board Member Bryan Jones, Board Member Sharon Denson. Unanimous affirmative vote - Motion carries. Board President Sammi Morrill adjourned the meeting at 7:01 p.m. MINUTES PASSED AND APPROVED THIS Z T DAY . t/ I 2025. h l R William Dixon Mhk qoody Board Vice President Board Treasurer