02-26-26 Agenda SEDC Board Reg Meeting with Packet
MEETING AGENDA
SCHERTZ ECONOMIC DEVELOPMENT BOARD
REGULAR SESSION - FEBRUARY 26, 2026
HAL BALDWIN MUNICIPAL COMPLEX COUNCIL CHAMBERS CONFERENCE ROOM
1400 SCHERTZ PARKWAY BUILDING #4
SCHERTZ, TEXAS 78154
AGENDA
THURSDAY, FEBRUARY 26, 2026 at 6:00 p.m.
The City of Schertz Economic Development Corporation (SEDC) Board of Directors will hold a regular monthly meeting on Thursday,
FEBRUARY 26, 2026. 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
Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and
public participation.
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
1.Approval of the Minutes for the Board of Directors Regular Monthly meeting held January 22,
2026.
Discussion Only
2.Staff briefing on SEDC monthly financial statement for the month of January 2026. (A.
Madison)
3.Presentation and discussion of the 2026 Compliance Report. (A. Madison)
4.Discussion regarding Schertz Economic Development Accreditation application from the
International Economic Development Council (IEDC). (A. Madison)
5.Update on the Comprehensive Economic Development Strategic Plan 3.0. (A. Madison)
Closed Session
6.Called in accordance with Section 551.087 of the Texas Government Code,
SEDC Agenda February 26, 2026 Page 1 of 3
6.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.
Core 5
Schertz 35
Park 35
Reconvene to Regular Session
7.Take any actions based on discussion held in closed session under Agenda Item No. 6.
Requests and Announcements
Requests by Board Members to place items on a future SEDC Board Meeting agenda
Announcements by Staff
Park 35 - New Tenants Announcement
Amy Madison named to Chair of Greater SATX partners.
Ribbon Cuttings
Next SEDC Regular Meeting - March 26, 2026
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 20th day of February, 2026, at 5:00 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 _______________, 2026.
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.
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
SEDC Agenda February 26, 2026 Page 2 of 3
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 February 26, 2026 Page 3 of 3
D R A F T
MINUTES
REGULAR MEETING
JANUARY 22, 2026
6:00 PM
The City of Schertz Economic Development Corporation (SEDC) Board of Directors will hold a regular monthly meeting
on Thursday, JANUARY 22, 2026. 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, President
Eryn McElroy, Vice President
Rey Chavez, Treasurer
Bryan Jones, Secretary
Sharon Denson, Board Member
Matt Clingo, Board Member
John Faubush III, Board Member
Staff present: Scott Wayman, Executive Director
Brian James, Deputy City Manager
Ashley Ritchey, Business Engagement Manager
Kari Baker, Administrative Assistant
Attendees: Brian Orr, First United Bank, Visitor
Call to Order
Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction
and public participation.
Board President, William Dixon presided over the meeting and called it to order at 6:00 pm.
All Board Members were in attendance. Brian James, Deputy City Manager, arrived at 6:20 pm.
Hearing of Residents
SEDC Agenda January 22, 2026 Page 1 of 4
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.
No residents signed up to speak. No comments were made.
Consent Agenda
1.Approval of the Minutes for the Board of Directors Regular Monthly Meeting held
November 20, 2025.
Board President William Dixon asked for a motion to approve the consent agenda for
November 20, 2025. Brian Jones moved to approve, Ray Chavez seconded. Motion carries,
unanimous; 5-0.
Discussion Only
2.Discussion of memo from finance regarding City of Schertz Sales Tax Revenue Increase. (S.
Wayman)
Scott Wayman, Executive Director of Economic Development, addressed the Finance
Department’s memo regarding the increase in sales tax revenue. He noted that the past few
months have been unusually high and the sales tax revenue is expected to normalize in the
near future.
3.Staff briefing on SEDC monthly financial statements for the months of November and
December 2025 (S.Wayman)
Scott Wayman, Executive Director, provided an overview of the November 2025 &
December 2025 Financial Statements.
November 2025:
Sales tax revenue received for the month of November totaled $1,461,034.49, representing a
131.9% increase over the same period in the prior year. Total expenses for November were
$19,114.46.
Mr. Dixon asked about the $15,000 paid for Greater SATX membership. Scott Wayman,
Amy Madison & board member Ray Chavez spoke about the importance of the organization
to the EDC and the region.
December 2025
Sales tax revenue received for the month of November totaled $2,605,575.87, representing a
361.5% increase over the same period in the prior year. Total expenses for November were
$15,747.91.
Discussion and Possible Action
SEDC Agenda January 22, 2026 Page 2 of 4
4.Authorizing the Executive Director to enter into a professional services agreement with TIP
Strategies, Inc., not to exceed $150,000 for purposes of developing a Comprehensive
Economic Development Strategic Plan (CEDS 3.0) for the City of Schertz Economic
Development Corporation.
Amy Madison, Deputy Director of Economic Development, presented the RFQ process that
resulted in the selection of TIP Strategies, Inc. as the top candidate recommended by staff to
administer the EDC’s Comprehensive Strategic Plan.
Vice President Eryn McElroy, Vice President, Director Sharon Denson, Board Member
AYE: President Bill Dixon, President
Vice President Eryn McElroy, Vice President
Treasurer Rey Chavez, Treasurer
Secretary Bryan Jones, Secretary
Director Sharon Denson, Board Member
Director Matt Clingo, Board Member
Director John Faubush III, Board Member
Passed
01/26/2026 04:38 PM
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 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-111
Start time: 6:44 pm
End time: 7:16 pm
Reconvene to Regular Session
Board President William Dixon reconvened into Open Session at 6:49 pm.
6.Take any actions based on discussion held in closed session under Agenda Item No. 5.
No actions taken.
Requests and Announcements
SEDC Agenda January 22, 2026 Page 3 of 4
Requests and Announcements
Announcements by staff.
Ribbon Cutting, Monday, January 26, 2026 for grand opening of Chipotle in Schertz Station -
10:30 am.
1.
City offices will be closed February 16, 2026 for Presidents Day.2.
Next SEDC Regulary Meeting - February 26, 2026.3.
Scott Wayman discussed all announcements with the Board.
Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Ray Chavez requested name tags for Board members to wear at Ribbon Cuttings and other events.
Amy Madison explained that staff were in the process of ordering name tags for the Board. Ray also
asked about duties as assigned to Board member's appointments in the Bylaws. Amy explained that
officer definitions needed updating and would be considered at the next meeting.
Adjournment
Board President William Dixon adjourned meeting at 6:53 pm.
MINUTES PASSED AND APPROVED THE 26TH DAY OF FEBRUARY, 2026.
_______________________________________
William Dixon, Board President
_______________________________________
SEDC Board Member
SEDC Agenda January 22, 2026 Page 4 of 4
620-SED CORPORATION
FINANCIAL SUMMARY OVERVIEW
Revenues
Sales Tax Sales Tax 1,530,631.01$ Payment Received in January*
188.9% Annual Increase
112.5%12-Month Rolling Average
Expenses
Conway Data, Inc 15,500.00
Eight 20Consulting LLC dba Zactax 10,000.00
International Econ Develop Council 8,140.00
Year-to-Date
Total Revenue 7,892,772.33$
Total Expenses 431,976.92$
Over/Under 7,460,795.41$
Cash & Investments
Cash 339,756.16$
Investments 47,064,502.27$
Total 47,404,258.43$
*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 5 - 2 0 2 6 ********************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: Jan 31st , 2026
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 7,668,608 573,726.42 2,371,487.03 7,283,904.52 - 384,703.48 94.98%
Fund Transfers - - - - - - 0.00%
Miscellaneous 1,260,000 192,803.36 656,792.86 608,867.81 - 651,132.19 48.32%
TOTAL REVENUES 8,928,608 766,529.78 3,028,279.89 7,892,772.33 - 1,035,835.67 88.40%
EXPENDITURE SUMMARY
NONDEPARTMENTAL
City Supported Services*15,299,100 - 380,000 - - 15,299,100.00 0.00%
TOTAL NONDEPARTMENTAL 15,299,100 - 380,000 - - 15,299,100.00 0.00%
ECONOMIC DEVELOPMENT
Personnel Services 24,575 7,743 7,523 12,683 - 11,892.28 51.61%
Supplies & Equipment 61,175 1,051 14,511 11,317 - 49,857.83 18.50%
City Supported Services 214,500 - 175 170 - 214,330.15 0.08%
Utility Services 975 35 155 109 651 215.00 77.95%
Operating Expense 398,135 26,891 52,093 76,199 151,588 170,348.36 57.21%
Professional Services 61,300 10,000 299 10,648 4,171 46,481.38 24.17%
Fund Charges/Transfers 641,703 - 304,540 320,852 - 320,851.50 50.00%
TOTAL ECONO DEVELOPMENT 1,402,363 45,719.77 379,297.28 431,976.92 156,409.58 813,976.50 41.96%
TOTAL EXPENDITURES 16,701,463 45,719.77 759,297.28 431,976.92 156,409.58 16,113,076.50 3.52%
** REVENUE OVER(UNDER) EXPEND (7,772,855) 720,810.01 2,268,983 7,460,795
C I T Y O F S C H E R T Z
********************************** 2 0 2 5 - 2 0 2 6 ********************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: Jan 31st , 2026
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)7,668,608 573,726.42 2,371,487.03 7,283,904.52 - 384,703.48 94.98%
TOTAL Taxes 7,668,608 573,726.42 2,371,487.03 7,283,904.52 - 384,703.48 94.98%
Fund Transfers
000-486000 Transfer In - - - - - - 0.00%
TOTAL Fund Transfers - - - - - - 0.00%
Miscellaneous
000-491000 Interest Earned 10,000 3,936 2,916 7,588 - 2,411.59 75.88%
000-491200 Investment Earnings 1,250,000 188,868 653,877 601,279 - 648,720.60 48.10%
000-497000 Misc Income - - - - - - 0.00%
TOTAL Miscellaneous 1,260,000 192,803.36 656,792.86 608,867.81 - 651,132.19 48.32%
TOTAL REVENUES 8,928,608 766,529.78 3,028,279.89 7,892,772.33 - 1,035,835.67 88.40%
C I T Y O F S C H E R T Z
REVENUE REPORT (UNAUDITED)
********************************** 2 0 2 5 - 2 0 2 6 ********************************
AS OF: Jan 31st , 2026
Investment LAST INCREASE
Cash in Bank Type Yield Maturity Amount MONTH DECREASE
Claim on Operating Cash Pool-Checking Bank 3.61 -339,756.16$ 2,946,893.77$ (2,607,137.61)$
Cash in Investments
Texas Class Investment-Economic Development Corp Pool*3.85 -44,585,646.14 40,343,893.45 4,241,752.69
Schertz Bank & Trust-Certificate of Deposit 1 Year CD 4.00 5/10/2026 1,253,895.70 1,253,895.70 -
Schertz Bank & Trust-Certificate of Deposit 1 Year CD 4.00 1/5/2027 1,224,960.43 1,177,846.57 47,113.86
Total Cash in Bank & Investments 47,404,258.43$ 45,722,529.49$ 1,681,728.94$
*Local Government Investment Pool, most comparable to a Money Market Mutual Fund
CASH IN BANK AND INVESTMENTS
AS OF: Jan 31st , 2026
SED CORPORATION
113.4%
131.9%
361.5%
188.9%
-
150,000
300,000
450,000
600,000
750,000
900,000
1,050,000
1,200,000
1,350,000
1,500,000
1,650,000
1,800,000
1,950,000
2,100,000
2,250,000
2,400,000
2,550,000
2,700,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
4B SALES TAX
By Collection Month
2025-26 2024-25 2023-24 2022-23
VENDOR NAME DESCRIPTION AMOUNT
SED CORPORATION
Eight 20Consulting LLC dba Zactax Sales and Property Tax Analysis 10,000.00
Southern Econ Develop Council Invoice 650.00
Wex Bank Fuel FY 25/26 34.94
International Econ Develop Council AEDO Accreditation 8,140.00
Conway Data, Inc Site Selection Magazine Ad 15,500.00
Amazon Capital Services Inc Kleenex, 12 pack mini suitcase candy box - promo 318.29
Citibank Amy Madison Citi Card - December 2025 1,715.36
Citibank A. Ritchey Citi Card - December 2025 197.55
Citibank Kari Baker Citi Card - December 2025 2,550.46
Citibank Scott Wayman Citi Card - December 2025 612.79
US Bank Amy Madison Jan 2026 2,199.33
US Bank Ashley Ritchey Jan 2026 126.86
US Bank Kari Baker Jan 2026 1,939.00
US Bank Scott Wayman Jan 2026 1,447.43
Ubeo, LLC Copier Rental 287.76
SUBTOTAL:45,719.77
TOTAL:$45,719.77
45,719.77
45,719.77
JANUARY 2026 PAYABLES REPORT