09-25-25 Agenda SEDC Board Reg Meeting with packet
MEETING AGENDA
SCHERTZ ECONOMIC DEVELOPMENT BOARD
REGULAR SESSION - SEPTEMBER 25, 2025
HAL BALDWIN MUNICIPAL COMPLEX COUNCIL CHAMBERS CONFERENCE ROOM
1400 SCHERTZ PARKWAY BUILDING #4
SCHERTZ, TEXAS 78154
AGENDA
THURSDAY, SEPTEMBER 25, 2025 at 6:00 p.m.
The City of Schertz Economic Development Corporation (SEDC) Board of Directors will hold a regular monthly meeting on Thursday,
SEPTEMBER 25, 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 is 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.
2.SEDC Board Member Oath of Office for re-appointments to the Schertz Economic
Development Board by the Schertz City Council on 9/16/25.(S. Courney)
Eryn McElroy, Term Ending 9/30/27
Reynaldo Chavez, Term Ending 9/30/26
3.Introduction of newly hired Schertz Economic Development Staff as of 09/08/25
Kari Baker, Administrative Assistant
Hearing of Residents
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.
Consent Agenda
4.Approval of the Minutes for the Board of Directors Regular Monthly Meeting held August 28,
2025. (A. Madison)
SEDC Agenda September 25, 2025 Page 1 of 3
Discussion Only
5.Presentation and discussion regarding the SEDC monthly financial statement for the month
of August 2025. (S.Wayman)
Discussion and Possible Action
6.Resolution 2025-7 — Authorizing the City of Schertz Executive Director to execute a First
Amendment to the La Palapas Schertz Performance Agreement to restate the legal entity as Las
P Schertz Operations, LLC. (S. Wayman)
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 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-107
Project E-110
Reconvene to Regular Session
8.Take any actions based on discussion held in closed session under Agenda Item No. 7
Requests and Announcements
Announcements by staff.
Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Adjournment
CERTIFICATION
I, Kari Baker, Administrative Assistant, of the City of Schertz Economic Development Corporation, do hereby certify that
the above agenda was posted on the official bulletin boards on this the 18th day of September, 2025, at 2:30 p.m., which is a
place readily accessible to the public at all times and that said notice was posted in accordance with chapter 551, Texas
Government Code.
________________________
Administrative Assistant- Economic
Development
I certify that the attached notice and agenda of items to be considered by the Schertz Economic Development
Corporation Board of Directors was removed from the official bulletin board on _____day of _______________, 2025.
Name/Title:______________________________
This facility is accessible in accordance with the Americans with Disabilities Act. Handicapped parking spaces are
available. If you require special assistance or have a request for sign interpretative services or other services, please call
210-619-1070.
SEDC Agenda September 25, 2025 Page 2 of 3
The Economic Development Corporation Board of Directors reserves the right to adjourn into closed session at any
time during the course of this meeting to discuss any of the matters listed above, as authorized by the Texas Open
Meetings Act.
Closed Sessions Authorized: This agenda has been reviewed and approved by the City’s legal counsel and the
presence of any subject in any Closed Session portion of the agenda constitutes a written interpretation of Texas
Government Code Chapter 551 by legal counsel for the governmental body and constitutes an opinion by the
attorney that the items discussed therein may be legally discussed in the closed portion of the meeting considering
available opinions of a court of record and opinions of the Texas Attorney General known to the attorney. This
provision has been added to this agenda with the intent to meet all elements necessary to satisfy Texas Government
Code Chapter 551.144(c) and the meeting is conducted by all participants in reliance on this opinion.
SEDC Agenda September 25, 2025 Page 3 of 3
Agenda No. 4.
SEDC MEMORANDUM
SEDC
Board Meeting:09/25/2025
Department:Economic Development Corporation
Subject:Approval of the Minutes for the Board of Directors Regular Monthly
Meeting held August 28, 2025. (A. Madison)
SUBJECT:
Approval of the Minutes for the Board of Directors Regular Monthly Meeting held August 28, 2025.
(A. Madison)
Attachments
08_28_25Minutes
MINUTES
REGULAR MEETING
AUGUST 28, 2025
6:00 P.M.
The City of Schertz Economic Development Corporation (SEDC) Board of Directors held a regular
monthly meeting on Thursday, AUGUST 28, 2025. at 6:00 p.m. at the Hal Baldwin Municipal
Complex, Council Chambers Conference Room, Building No. 4, 1400 Schertz Parkway, Schertz,
Texas.
The following members present to-wit:
Present: Bill Dixon, Board Vice President
Eryn McElroy, Board Secretary
Bryan Jones, Board Member
Ray Chavez, Board Member
Matt Clingo, Board Member
Sharon Denson, Board Member
Absent:Mark Moody, Board Treasurer
Staff present: Scott Wayman, Executive Director
Amy Madison, Deputy Director
Ashley Ritchey, Business Engagement Manager
Brian James, Deputy City Manager
Attendees: Tim Brown, City Council Liaison
Allison Heyward, City Council Liaison (Alternate)
Sheree Courney, Deputy City Secretary
Joe Simmons, Guest - PV Schertz Representative
SEDC Agenda August 28, 2025 Page 1 of 6
Call to Order
1.Roll call, recognition of visitors, and review of meeting instructions for effective Board
interaction and public participation.
Vice President Bill Dixon presided over the meeting and called it to order at 6 pm.
2.SEDC Board Member Oath of Office for a member appointed by City Council on
08/05/25 for an unexpired term ending on 09/30/2025. (S. Courney)
Matt Clingo
Sheree Courney, Deputy City Secretary administered the Oath of Office to Matt
Clingo. Following his appointment, Clingo joined the board meeting as a voting
member.
3.Election of the Schertz Economic Development Corporation Board Officers. (W.Dixon)
Vice President Bill Dixon said that all board members could be nominated for
any officer position, but the officers elected would not become effective until October
1, 2025 after re-appointments are made in September for three expiring terms. Two
current board members have applied for reappointment. The third term expiring is
Mark Moody, Treasurer, who is not seeking reappointment. He explained that leaves
an open board seat and the Treasurer position vacant in addition to the current vacancy
for President. He added that there may be a need to elect all four officer positions
depending on the outcome of each officer elected.
Vice President Bill Dixon called for nominations for President. Ray Chavez nominated
Bill Dixon, Bryan Jones seconded. Motion passed, unanimously; 6-0.
Vice President Bill Dixon called for nominations for Vice President and he
nominated Eryn McElroy. Motion was seconded by Sharon Denson. Motion passed,
unanimously; 6-0.
Vice President Bill Dixon called for nominations for Secretary. Ray Chavez nominated
Bryan Jones, seconded by Erin McElroy. Motion passed, unanimously; 6-0.
Vice President Bill Dixon called for nominations for Treasurer. Bryan Jones nominated
Ray Chavez, seconded by Eryn McElroy. Motion passed, unanimously; 6-0.
New officers effective October 1, 2025:
President, Bill Dixon
Vice President, Eryn McElroy
Secretary, Bryan Jones
Treasurer, Ray Chavez
SEDC Agenda August 28, 2025 Page 2 of 6
Hearing of Residents
4.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
5.Approval of the minutes for the Board of Directors Regular Monthly Meeting held July
24, 2025 (S. Wayman/A. Madison)
Vice President Bill Dixon called for a motion to approve the SEDC Board Meeting
minutes for July 24, 2025. Eryn McElroy moved to approve, Ray Chavez seconded.
Motion passed, unanimous; 6-0.
Presentations
6.Staff briefing on SEDC monthly financial statement for the month of July 2025.
(S.Wayman)
Scott Wayman, Executive Director gave a brief overview of the SEDC Financial
Statement for July 2025. July 2025 sales tax received was $1,170,720, a 111.4%
increase over the prior year, and expenses were $32,652.54. The 12-month rolling
average is 28.3% and still trending up. Notable expenditures include funding for DPC
Hospitality contract for $12,500, Group C Media, $9,420, and Texas Economic
Development Corporation, $5,000. Total Cash and Investments at the end of July was
$37,918,215.91. Mr. Wayman also gave a brief overview of the Reserve Fund Model.
Discussion Items
7.Resolution 2025-5 - Adopting an agreement for Provision of Professional Services
between the City of Schertz and the Schertz Economic Development Corporation, and
other matters in connection therewith. (S.Wayman)
Vice President Bill Dixon opened the discussion and introduced Scott Wayman,
Executive Director, who provided an overview of the Provision of Professional Service
Agreement. The contract for professional services must be approved by the SEDC
annually and contains details of the costs and services from the City of Schertz
including personnel, rent, internal services and fleet costs for FY26. Wayman noted the
only year-over-year increase from the previous year was in personnel, which increased a
total of 6%. Another notable change was in Fleet which decreased by 28%. Wayman
stated that the Board approved the cost for all services totaling $641,703 as part of the
FY26 Budget approved at the July 2025 Board Meeting.
SEDC Agenda August 28, 2025 Page 3 of 6
Following the presentation, Vice President Bill Dixon called for a motion to approve
Resolution 2025-5. Ray Chavez moved to approve adoption of an agreement for
Provision of Professional Services between the City of Schertz and the Schertz
Economic Development Corporation, seconded by Eryn McElroy. Motion approved
unanimous; 6-0.
Public Hearings
8.Resolution 2025-6 - Public hearing, discussion and possible action authorizing the City
of Schertz Economic Development Corporation Executive Director to enter into a
Performance Agreement with PV Schertz, LLC. (S.Wayman)
Public Hearing opened at 6:20 pm
Mr. Joe Simmons, PV Schertz, LLC, discussed the extension of Four Oaks Lane to and
through his property. He provided approximately 2.5 acres of right-of-way dedication
to the City at the time of platting that was valued at an estimated $750,000 for the
extension of the road. He also noted that the cost of the road design was approximately
$100,000. His property expansion and improvements include renovation and lease of
two buildings for Murdoch's Ranch and Home, Bob Mills Furniture and a third lease
with Star Vipers in the remaining third building, which is 73,000 sf. Not all the space is
occupied by the tenant. The extension of Four Oaks Lane will provide access for a new
60,000 sf facility to be constructed and leased to Safeway Supplies. Board members
asked about potential tenants being explored for the third building to fill the space. Mr.
Simmons mentioned he had an active national fitness facility prospect, but also said the
space could accommodate a small manufacturing firm.
Public Hearing closed at 6:32 pm
Vice President Bill Dixon deferred action on Item 8: Resolution 2025-6 and
recessed Open Session to Closed Session at 6:33 pm.
Vice President Bill Dixon returned to Item 8: Resolution 2025-6 following the first
closed session. Ray Chavez motioned to approve. The motion did not receive a second.
At the request of board members Eryn McElroy, Ray Chavez and Bryan
Jones, Vice President Bill Dixon returned to Closed Session at 6:56 pm.
Following the second Closed Session, Dixon returned to Item 8: Resolution 2025-6 and
requested a motion. Bryan Jones motioned to approve, Sharon Denson seconded.
Motion approved unanimously; 6-0
SEDC Agenda August 28, 2025 Page 4 of 6
Closed Session
9.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-107
Start time: 6:34 pm
End time: 6:56 pm
Vice President Bill Dixon reconvened into Open Session at 6:56 pm
Start time: 6:57 pm
End time: 7:15 pm
Vice President Bill Dixon reconvened into Open Session at 7:15 pm
Reconvene to Regular Session
10.Take any actions based on discussion held in closed session under Agenda Item No. 9
No actions were taken based on discussions held in closed session.
Requests and Announcements
Announcements by staff:
SEDC Regular Board Meeting September 25, 2025, 6 pm.
Requests by Board Members to place items on a future SEDC Board Meeting agenda:
No requests made.
Adjournment
Vice President Bill Dixon called for a motion to adjourn. Moved by Bryan Jones,
seconded by Sharon Denson. Motions approved unanimously; 6-0.
Meeting adjourned at 7:17 pm.
MINUTES PASSED AND APPROVED THIS _____DAY OF ____________2025.
SEDC Agenda August 28, 2025 Page 5 of 6
MINUTES PASSED AND APPROVED THIS _____DAY OF ____________2025.
___________________________________
William Dixon
Board Vice President
ATTEST:
____________________________________
Eryn McElroy, Board Secretary
SEDC Agenda August 28, 2025 Page 6 of 6
Agenda No. 5.
SEDC MEMORANDUM
SEDC
Board Meeting:09/25/2025
Department:Economic Development Corporation
Subject:Presentation and discussion regarding the SEDC monthly financial
statement for the month of August 2025. (S.Wayman)
BACKGROUND
COMMUNITY BENEFIT
FISCAL IMPACT
SUMMARY OF RECOMMENDED ACTION
Attachments
Financial Report
620-SED CORPORATION CURRENT CURRENT PRIOR YEAR CURRENT Y-T-D BUDGET % OF
FINANCIAL SUMMARY BUDGET PERIOD Y-T-D ACTUAL Y-T-D ACTUAL ENCUMBR BALANCE BUDGET
REVENUE SUMMARY
Taxes 7,083,000 620,926.05 6,311,213.68 9,356,110.94 - (2,273,110.94) 132.09%
Fund Transfers - - 190,391.66 - - - 0.00%
Miscellaneous 1,260,000 142,991.70 1,709,644.72 1,570,777.08 - (310,777.08) 124.66%
TOTAL REVENUES 8,343,000 763,917.75 8,211,250.06 10,926,888.02 - (2,583,888.02) 130.97%
EXPENDITURE SUMMARY
NONDEPARTMENTAL
City Supported Services*15,299,100 - 58,984.70 9,335,299.17 77,050.00 5,886,750.83 61.52%
TOTAL NONDEPARTMENTAL 15,299,100 - 58,985 9,335,299.17 77,050 5,886,750.83 61.52%
ECONOMIC DEVELOPMENT
Personnel Services 24,575 740.22 13,921.04 17,080.84 - 7,494.16 69.50%
Supplies & Equipment 61,175 11,961.35 27,437.17 42,633.33 - 18,541.67 69.69%
City Supported Services 214,500 100.00 3,380.30 3,812.41 - 210,687.59 1.78%
Utility Services 316,825 6,037.04 161,844.90 72,650.47 339.33 243,835.20 23.04%
Operating Expense 88,585 2,089.87 66,832.49 74,286.83 - 14,298.17 83.86%
Professional Services 664,080 138.00 549,564.00 609,873.50 - 54,206.50 91.84%
Fund Charges/Transfers - - - - - - 0.00%
TOTAL ECONO DEVELOPMENT 1,369,740 21,066.48 822,979.90 820,337.38 339.33 549,063.29 59.91%
TOTAL EXPENDITURES 16,668,840 21,066.48 881,964.60 10,155,636.55 77,389.33 6,435,814.12 61.39%
** REVENUE OVER(UNDER) EXPEND (8,325,840) 742,851.27 7,329,285 771,251
C I T Y O F S C H E R T Z
*************************************************** 2 0 2 4 - 2 0 2 5 ***************************************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: Aug 31st , 2025
620-SED CORPORATION CURRENT CURRENT PRIOR YEAR CURRENT Y-T-D BUDGET % OF
REVENUES BUDGET PERIOD Y-T-D ACTUAL Y-T-D ACTUAL ENCUMBR BALANCE BUDGET
Taxes
000-411500 Sales Tax Revenue (4B)7,083,000 620,926.05 6,311,213.68 9,356,110.94 - (2,273,110.94) 132.09%
TOTAL Taxes 7,083,000 620,926.05 6,311,213.68 9,356,110.94 - (2,273,110.94) 132.09%
Fund Transfers
000-486000 Transfer In - - 190,391.66 - - - 0.00%
TOTAL Fund Transfers - - 190,391.66 - - - 0.00%
Miscellaneous
000-491000 Interest Earned 10,000 2,932.58 11,395.73 9,673.78 - 326.22 96.74%
000-491200 Investment Earnings 1,250,000 140,059.12 1,698,248.99 1,561,103.30 - (311,103.30) 124.89%
000-497000 Misc Income - - - - - - 0.00%
TOTAL Miscellaneous 1,260,000 142,991.70 1,709,644.72 1,570,777.08 - (310,777.08) 124.66%
TOTAL REVENUES 8,343,000 763,917.75 8,211,250.06 10,926,888.02 - (2,583,888.02) 130.97%
C I T Y O F S C H E R T Z
REVENUE REPORT (UNAUDITED)
*************************************************** 2 0 2 4 - 2 0 2 5 ***************************************************
AS OF: Aug 31st , 2025
VENDOR NAME DESCRIPTION AMOUNT
SED CORPORATIONScott Wayman Per Diem-Mileage 210.22
Amy Madison Per Diem-Team Texas Chicago 2025 329.36
American City Bus Journals Inc SA Business Journal Growth Summit Sponsorship 1,965.00
Citibank - Amy Madison Travel/IAMC Fall Forum 2,684.73
Citibank - Ashley Ritchy Monthly Subscription/HEB Gift Card/SAMA Luncheon 180.00
Citibank - Scott Wayman Travel/Conference/Meals 644.65
Citibank - Tracy Miller Monthly Subscription 29.99
Blue Horizon Media EDC Marketing Photography 2025 2,900.00
COSTAR Realty Information, Inc.CoStar Annual Subscription 7,251.36
Ubeo, LLC Copier Rental 280.49
Denton Navarro Rodriguez Bernal Santee & Zech Legal Services for July 138.00
WEX Bank Fiscal Year Fuel 42.68
RESIMPLIFI,INC Resimplifi Annual Subscription 4,410.00
SUBTOTAL:21,066.48
TOTAL:$21,066.48
Investmt
Cash in Bank Type Yield Maturity Amount
Claim on Operating Cash Pool-Checking Bank 4.28 -730,900.16$
Cash in Investments
Texas Class Investment-Economic Development Corp Pool*4.39 -36,114,671.85
Schertz Bank & Trust-Certificate of Deposit 1 Year CD 4.00 5/10/2026 1,241,379.87
Schertz Bank & Trust-Certificate of Deposit 1 Year CD 4.00 1/5/2026 1,177,846.57
Total Cash in Bank & Investments 39,264,798.45$
*Local Government Investment Pool, most comparable to a Money Market Mutual Fund
CASH IN BANK AND INVESTMENTS
AS OF: Aug 31st , 2025
SED CORPORATION
620-SED CORPORATION
FINANCIAL SUMMARY OVERVIEW
Revenues
Sales Tax Sales Tax 1,229,652.88$ Payment Received in August*
116.2% Annual Increase
38.8%12-Month Rolling Average
Expenses
COSTAR Realty Information, Inc.7,251.36
RESIMPLIFI,INC 4,410.00
Blue Horizon Media 2,900.00
American City Bus Journals Inc 1,965.00
Year-to-Date
Total Revenue 10,926,888.02$
Total Expenses 10,155,636.55$
Over/Under 771,251.47$
Cash & Investments
Cash 730,900.16$
Investments 38,533,898.29$
Total 39,264,798.45$
*sales taxes are delayed 2 months from received to earned. Sales Taxes recognized in report are estimates and are adjusted to actual when payments are received.
C I T Y O F S C H E R T Z
*************************************************** 2 0 2 4 - 2 0 2 5 ***************************************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: Aug 31st , 2025
-13%6.0%5.3%7.3%
24.9%
11.7%
-7.0%
170.2%
0.2%
111.4%
116.2%
(100,000)
50,000
200,000
350,000
500,000
650,000
800,000
950,000
1,100,000
1,250,000
1,400,000
1,550,000
1,700,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
4B SALES TAX
By Collection Month
2024-25 2023-24 2022-23 2021-22
Agenda No. 6.
SEDC MEMORANDUM
SEDC
Board Meeting:09/25/2025
Department:Economic Development Corporation
Subject:Resolution 2025-7 — Authorizing the City of Schertz Executive Director to
execute a First Amendment to the La Palapas Schertz Performance
Agreement to restate the legal entity as Las P Schertz Operations, LLC. (S.
Wayman)
BACKGROUND
COMMUNITY BENEFIT
FISCAL IMPACT
SUMMARY OF RECOMMENDED ACTION
Attachments
RES 2025-7
I
SEDC RESOLUTION 2025-7
A RESOLUTION BY THE CITY OF SCHERTZ DEVELOPMENT
CORPORATION, AUTHORIZING THE FIRST AMENDMENT
AND RESTATEMENT OF THE ECONOMIC DEVELOPMENT
PERFORMANCE AGREEMENT FOR LAS PALAPAS SCHERTZ;
AND OTHER MATTERS IN CONNECTION THEREWITH
WHEREAS, the City of Schertz Economic Development Corporation (herein after called
"SEDC") is a non-profit industrial development corporation duly established under the
Development Corporation Act of 1979, as amended (Section 501.001 et seq. Texas Local
Government Code, formerly the Development Corporation Act of 1979) (the "Act");
WHEREAS, all powers of the corporation are vested in the SEDC Board of Directors (the
"Board") appointed by the governing body of the corporation's authorizing unity; and
WHEREAS, the Act authorizes a development corporation to fund certain projects as
defined by the Act and request development corporations to enter into performance agreements to
establish and provide for the direct incentive or make an expenditure on behalf of a business
enterprise under a project; and
WHEREAS, The Parties entered into that Economic Development Performance
Agreement –Las Palapas Schertz on August 8, 2024; and
WHEREAS, the Agreement provides that Las Palapas Schertz develop 5,900 square foot
restaurant improvements located in Schertz, Texas, on the property more particularly described as
16842 IH 35 North; and
WHEREAS, Company desires to construct and extend water infrastructure approximately,
712 feet, and addition public infrastructure to include sewer, drainage as well as associated
roadway connection and driveway approach upgrades in Schertz, Texas, and
WHEREAS, the Parties agree to amend all references to the legal name for Las Palapas
Schertz in the agreement to “Las P Schertz Operations, LLC”, and
WHEREAS, the Parties agree to amend all references to the abbreviated name for Las P
Schertz, LLC in the agreement to “Las P Schertz”, and
WHEREAS, Sections 501, 502, and 505 of the Texas Local Government Code ("Texas
LGC") authorizes the SEDC to fund certain projects as defined therein and enter into performance
agreements to establish and provide for the direct incentive or make an expenditure on behalf of a
business enterprise under a project; and
WHEREAS, Section Sec. 505.159 of the Texas LGC requires the SEDC to hold a public
hearing to undertake projects, and a public hearing was held on August 8, 2025 at the SEDC Board
Meeting; and
WHEREAS, Section 501.073 of the Act requires the City of Schertz, the SEDC
authorizing unit, to approve all SEDC programs and expenditures.
2
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF SCHERTZ ECONOMIC DEVELOMENT CORPORATION THAT:
Section 1. The Schertz Economic Development Board hereby approves the Economic
Development Performance Agreement amendment attached hereto as ATTACHMENT A and
authorizes the President to execute and deliver in substantial form as attached to the City of Schertz
for final authorization of project expenditures.
Section 2. The recitals contained in the preamble hereof are hereby found to be true, and
such recitals are hereby made a part of this Resolution for all purposes and are adopted as a part of
the judgment and findings of the Board.
Section 3. All resolutions, or parts thereof, which are in conflict or inconsistent with any
provision of this Resolution are hereby repealed to the extent of such conflict, and the provisions
of this Resolution shall be and remain controlling as to the matters resolved herein.
Section 4. This Resolution shall be construed and enforced in accordance with the laws
of the State of Texas and the United States of America.
Section 5. If any provision of this Resolution or the application thereof to any person
or circumstance shall be held to be invalid, the remainder of this Resolution and the application of
such provision to other persons and circumstances shall nevertheless be valid, and the board hereby
declares that this Resolution would have been enacted without such invalid provision.
Section 6. It is officially found, determined, and declared that the meeting at which this
Resolution is adopted was open to the public and public notice of the time, place, and subject matter
of the public business to be considered at such meeting, including this Resolution, was given, all
as required by Chapter 551, Texas Government Code, as amended.
Section 7.
and it is so resolved.
This Resolution shall be in force and effect from and after its final passage
3
PASSED AND ADOPTED, this __ day of , 2025.
CITY OF SCHERTZ ECONOMIC
DEVELOPMENT CORPORATION
____________________________________
William Dixon, SEDC Vice President
______________________________________
Eryn McElroy, SEDC Board Secretary
4
ATTACHMENT A
FIRST AMENDMENT TO LAS PALAPAS SCHERTZ.
ECONOMIC DEVELOPMENT AGREEMENT
This FIRST AMENDMENT TO LAS PALAPAS SCHERTZ ECONOMIC
DEVELOPMNT AGREEMENT (this “Amendment”) is made effective as of _____2025 (the
“Effective Date”), by and among LAS PALAPAS SCHERTZ, and the City of Schertz Economic
Development Corporation (SEDC), a Texas non-profit industrial development corporation
(“SEDC,” together with the Developers, collectively referred to as the “Parties” and individually
as a “Party”).
RECITALS:
A. Whereas, the Parties entered into that certain Las Palapas Schertz Economic
Development Agreement with an effective date of August 8, 2024 (the “SEDC
Agreement”).
B. Whereas, pursuant to Article VIII, Section IX, the Parties now desire to amend the
SEDC Agreement to the extent and as provided in this Amendment.
C. Whereas, all terms with initial capital letters not otherwise defined in this Amendment
shall have the same meanings as defined in the SEDC Agreement.
AMENDMENT:
For good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereby declare as follows:
1. Legal Entity Name Change: Amend and reassign all rights and delegated duties for
“Las Palapas Schertz” to “Las P Schertz Operations, LLC, a Texas limited liability
company.”
2. Legal Entity Abbreviated Name Change: Amend and reassign all delegated duties
for the abbreviated legal entity “Las Palapas Schertz” to the abbreviated legal entity
“Las P Schertz” throughout the agreement.
3. Conflicts/Ratification. Except as expressly amended by this Amendment, the SEDC
Agreement shall remain unchanged and is in full force and effect and is hereby ratified
and confirmed. However, to the extent there is a direct conflict between a provision of
the SEDC agreement and a provision of this Amendment, the provision contained in
this Amendment shall control.
[The remainder of this page is left blank.]
EXECUTED as of the Effective Date first set forth above as.
CITY OF SCHERTZ, TEXAS SEDC
By:___________________________ By:__________________________
Schertz City Manager SEDC Board President
ATTEST: ATTEST:
_______________________________ _____________________________
City Secretary Board Secretary
Las P Schertz Operations, LLC Las Palapas Schertz
a Texas limited liability company
By:_____________________________ By:_____________________________
Name:___________________________ Name:___________________________
Title:____________________________ Title:____________________________