06-25-26 Agenda SEDC Board Reg Meeting with PacketMEETING AGENDA
SCHERTZ ECONOMIC DEVELOPMENT BOARD
REGULAR SESSION - June 25, 2026
HAL BALDWIN MUNICIPAL COMPLEX COUNCIL CHAMBERS CONFERENCE ROOM
1400 SCHERTZ PARKWAY BUILDING #4
SCHERTZ, TEXAS 78154
The City of Schertz Economic Development Corporation (SEDC) Board of Directors will hold a regular monthly meeting on Thursday, JUNE 25, 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.
AGENDA
THURSDAY, JUNE 25, 2026 AT 6:00 p.m.
Call to Order
Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and public participation.
SEDC Board Member Oath of Office for appointment to the Schertz Economic Development Board by the Schertz City Council on
06/16/2026. (S. Courney)
Allison Heyward, Term Ending 09/30/2027
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 April 23, 2026.
Discussion Only
2.Discussion regarding the SEDC Monthly Financial Statements for April 2026 & May 2026 (S. Wayman)
3.Discussion regarding the placement and funding of the City of Schertz Logo on the turnaround bridge located at I-35 and
Schertz Parkway (S. Wayman)
Discussion and Possible Action
4.Recommending City Council approval of the Comprehensive Economic Development Strategic Plan (CEDS) (T. Stellman,
TIP Strategies)
5.Resolution 2026-02 - Authorizing the Board President to execute 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)
Public Hearings
6.Resolution 2026-03 - Briefing, public hearing and possible action on recommending approval by the City Council for the
proposed Schertz Economic Development Corporation FY2026-27 Budget and Reserves. (A. Madison)
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.
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SEDC Agenda June 25, 2026 Page 1 of 2
E-116
E-117
E-80
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.
Ground breaking STX Frio
Home Depot TBD
Reveal of the Logo on the Bridge - Mid June
Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Next SEDC Regular Meeting July 23, 2026
Adjournment
CERTIFICATION
I, Kimberly Lovejoy, Administrative Assistant, of the City of Schertz Economic Development Corporation, do hereby certify that the above agenda was posted on the
official bulletin board on this 18th day of June 2026, at 2:15 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.
Kimberly Lovejoy
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 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 June 25, 2026 Page 2 of 2
Agenda No. 1.
SEDC MEMORANDUM
SEDC
Board Meeting:06/25/2026
Department:Economic Development Corporation
Subject:Approval of the Minutes for the Board of Directors Regular Monthly Meeting
held April 23, 2026.
BACKGROUND
COMMUNITY BENEFIT
FISCAL IMPACT
SUMMARY OF RECOMMENDED ACTION
Attachments
Draft Minutes 04-23-2026
D R A F T
MINUTES
REGULAR MEETING
April 23, 2026
6:00 PM
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular
Monthly Meeting on Thursday, April 23, 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 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.
Present: Bill Dixon, President
Rey Chavez, Treasurer
Sharon Denson, Director
Matt Clingo, Director
John Faubush III, Director
Absent:Eryn McElroy, Vice President
Bryan Jones, Secretary
Staff present: Scott Wayman, Executive Director
Brian James, Deputy City Manager
Amy Madison, Deputy Director
Ashley Ritchey, Business Engagement Manager
Kimberly Lovejoy, Administrative Assistant
Attendees: Robert Sheridan, Councilman
Call to Order
Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and public
participation.
William Dixon, Board President, presided over the meeting and called it to order at 6:00 pm. Members Eryn
McElroy, Vice President, and Bryan Jones, Secretary, were absent.
City Council Member Robert Sheridan stopped by as a visitor to observe.
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 March 26, 2026.
William Dixon, Board President, asked for a motion to approve the consent agenda for March 26, 2026.
John Faubush, III moved to approve, seconded by Sharon Denson. Motion carries unanimous; 5-0.
Discussion Only
2.Staff briefing on SEDC monthly financial statement for the month of March 2026. (S.Wayman)
Scott Wayman, Executive Director, provided an overview of the March 2026 Financial Statements. Sales
tax received in the month of March totaled $1,934,275.60, representing a 259.0 % increase over the same
period in the prior year. Total expenses in March 2026 were $48,782.29 which includes the second payment
to TIP Strategies, Inc. for the comprehensive strategic plan in the amount of $29,000.
3.Presentation and discussion regarding the Annual Schertz Economic Development Corporation (SEDC)
2025 Report. (A. Ritchey)
Ashley Ritchey, Business Engagement Manager, presented the Schertz Economic Development
Corporation (SEDC) 2025 Annual Report. Ray Chavez recommended adding demographic information for
attendees of the quarterly job fair.
Closed Session
4.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-80
E-107
E-114
Closed Session started at: 6:15 pm
Closed Session concluded at: 6:44 pm
Reconvene to Regular Session
5.Take any actions based on discussion held in closed session under Agenda Item No. 4.
No actions taken.
Requests and Announcements
Requests by Board Members to place items on a future SEDC Board Meeting agenda
No requests by Board Members.
Announcements by Staff (S. Wayman)
Ribbon Cuttings
Specs - May 9
Portillas - May 26
Smokey Mo's - TBA
Home Depot - TBA
Bridge logo signs at the turnaround at Schertz Parkway and Interstate 35, expected to be completed in June.
Introduction of newly hired Schertz Economic Development Administrative Assistant, Kim Lovejoy.
Next SEDC Board Meeting scheduled for May 28, 2026 at 6:00 pm
Scott Wayman provided staff announcements, including the addition of a new tenant at Park 35 Industrial Park. He
reported that a plastic injection molding company will lease approximately 30,000 square feet of warehouse space.
The grand opening is anticipated in September 2026.
MINUTES PASSED AND APPROVED THIS 25TH DAY JUNE, 2026.
____________________
William Dixon
Board President
___________________
SEDC Board Member
Agenda No. 2.
SEDC MEMORANDUM
SEDC
Board Meeting:06/25/2026
Department:Economic Development Corporation
Subject:Discussion regarding the SEDC Monthly Financial Statements for April 2026 &
May 2026 (S. Wayman)
BACKGROUND
COMMUNITY BENEFIT
FISCAL IMPACT
SUMMARY OF RECOMMENDED ACTION
Attachments
April 2026 Financials
May 2026 Financials
620-SED CORPORATION
FINANCIAL SUMMARY OVERVIEW
Revenues Sales Tax Sales Tax 1,708,646.99$ Payment Received in April for month of February*
270.6% Annual Increase
172.2%12-Month Rolling Average
Expenses
SDEC Indirect Interfund Charges 320,851.50
Year-to-DateTotal Revenue 14,459,312.14$
Total Expenses 964,564.89$
Over/Under 13,494,747.25$
Cash & Investments
Cash 2,115,952.38$
Investments 51,410,848.75$
Total 53,526,801.13$
*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 ********************************
AS OF: Apr 30th , 2026
REVENUE AND EXPENSE REPORT (UNAUDITED)
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 SUMMARYTaxes 7,668,608 466,968.06 5,112,738.21 13,402,726.02 - (5,734,118.02) 174.77%Fund Transfers - - - - - - 0.00%Miscellaneous 1,260,000 151,705.49 1,042,979.40 1,056,586.12 - 203,413.88 83.86%
TOTAL REVENUES 8,928,608 618,673.55 6,155,717.61 14,459,312.14 - (5,530,704.14) 161.94%
EXPENDITURE SUMMARY
NONDEPARTMENTALCity Supported Services*15,299,100 - 7,485,799 100,730 - 15,198,370.00 0.66%
TOTAL NONDEPARTMENTAL 15,299,100 - 7,485,799 100,730.00 - 15,198,370.00 0.66%
ECONOMIC DEVELOPMENT
Personnel Services 27,775 220 11,141 19,188 - 8,587.17 69.08%
Supplies & Equipment 58,975 - 23,026 18,929 - 40,046.41 32.10%
City Supported Services 213,100 - 1,421 270 - 212,830.15 0.13%
Utility Services 975 55 303 232 565 177.99 81.74%
Operating Expense 398,535 288 95,264 144,889 92,476 161,170.18 59.56%
Professional Services 61,300 92 6,814 38,625 - 22,675.00 63.01%Fund Charges/Transfers 641,703 320,852 609,080 641,703 - - 100.00%
TOTAL ECONO DEVELOPMENT 1,402,363 321,506.12 747,048.98 863,834.89 93,041.21 445,486.90 68.23%
TOTAL EXPENDITURES 16,701,463 321,506.12 8,232,848.15 964,564.89 93,041.21 15,643,856.90 6.33%
** REVENUE OVER(UNDER) EXPEND (7,772,855) 297,167.43 (2,077,131) 13,494,747
C I T Y O F S C H E R T Z
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: Apr 30th , 2026
********************************** 2 0 2 5 - 2 0 2 6 ********************************
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)7,668,608 466,968.06 5,112,738.21 13,402,726.02 - (5,734,118.02) 174.77%
TOTAL Taxes 7,668,608 466,968.06 5,112,738.21 13,402,726.02 - (5,734,118.02) 174.77%
Fund Transfers000-486000 Transfer In - - - - - - 0.00%
TOTAL Fund Transfers - - - - - - 0.00%
Miscellaneous
000-491000 Interest Earned 10,000 - 4,601 8,775 - 1,224.77 87.75%
000-491200 Investment Earnings 1,250,000 151,520 1,038,379 1,047,626 - 202,374.12 83.81%
000-497000 Misc Income - 185 - 185 - (185.01) 0.00%
TOTAL Miscellaneous 1,260,000 151,705.49 1,042,979.40 1,056,586.12 - 203,413.88 83.86%
TOTAL REVENUES 8,928,608 618,673.55 6,155,717.61 14,459,312.14 - (5,530,704.14) 161.94%
C I T Y O F S C H E R T Z
REVENUE REPORT (UNAUDITED)
AS OF: Apr 30th , 2026
********************************** 2 0 2 5 - 2 0 2 6 ********************************
Investment LAST INCREASE
Cash in Bank Type Yield Maturity Amount MONTH DECREASE
Claim on Operating Cash Pool-Checking Bank 3.61 -2,115,952.38$ 762,280.22$ 1,353,672.16$
Cash in Investments
Texas Class Investment-Economic Development Corp Pool*3.77 -48,919,350.60 48,767,830.12 151,520.48
Schertz Bank & Trust-Certificate of Deposit 1 Year CD 4.00 5/10/2026 1,266,537.72 1,266,537.72 -
Schertz Bank & Trust-Certificate of Deposit 1 Year CD 4.00 1/5/2027 1,224,960.43 1,224,960.43 -
Total Cash in Bank & Investments 53,526,801.13$ 52,021,608.49$ 1,505,192.64$
*Local Government Investment Pool, most comparable to a Money Market Mutual Fund
CASH IN BANK AND INVESTMENTS
AS OF: Apr 30th , 2026
SED CORPORATION
113.4%
131.9%
361.5%
188.9%
249.5%
259.0%
270.6%
-
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
SDEC Indirect Interfund Charges SDEC Indirect Interfund Charges April 2026 320,851.50
Denton Navarro Rodriguez Bernal Santee & Zech, P.C.Legal Invoice 92.00
Amy Madison Per Diem 219.98
WEX Bank FUEL FY 25/26 54.88
Ubeo, LLC Copier Rental 287.76
SUBTOTAL:321,506.12
TOTAL:$321,506.12
321,506.12
321,506.12
APRIL 2026 PAYABLES REPORT
620-SED CORPORATION
FINANCIAL SUMMARY OVERVIEW
Revenues Sales Tax Sales Tax 2,583,591.43$ Payment Received in May for month of March*
54.5% Annual Increase
147.6%12-Month Rolling Average
Expenses
TIP Straegies, Inc 29,000.00
Golden Shovel Agency, LLC 11,500.00
Year-to-Date
Total Revenue 19,324,351.72$ Total Expenses 1,015,886.53$
Over/Under 18,308,465.19$
Cash & InvestmentsCash 660,675.11$
Investments 55,580,382.64$
Total 56,241,057.75$
*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 ********************************
AS OF: May 31st , 2026
REVENUE AND EXPENSE REPORT (UNAUDITED)
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 SUMMARYTaxes 7,668,608 910,484.90 5,690,119.27 18,097,374.36 - (10,428,766.36) 235.99%Fund Transfers - - - - - - 0.00%Miscellaneous 1,260,000 169,533.89 1,179,313.51 1,226,977.36 - 33,022.64 97.38%
TOTAL REVENUES 8,928,608 1,080,018.79 6,869,432.78 19,324,351.72 - (10,395,743.72) 216.43%
EXPENDITURE SUMMARY
NONDEPARTMENTALCity Supported Services*15,299,100 - 9,335,299 100,730 - 15,198,370.00 0.66%
TOTAL NONDEPARTMENTAL 15,299,100 - 9,335,299 100,730.00 - 15,198,370.00 0.66%
ECONOMIC DEVELOPMENT
Personnel Services 27,775 3,544 13,727 22,732 - 5,042.68 81.84%
Supplies & Equipment 58,975 12,073 23,155 31,002 12,000 15,972.99 72.92%
City Supported Services 213,100 - 1,421 270 - 212,830.15 0.13%
Utility Services 975 56 345 288 509 177.99 81.74%
Operating Expense 398,535 35,647 97,857 180,536 63,060 154,939.22 61.12%
Professional Services 61,300 - 6,837 38,625 - 22,675.00 63.01%Fund Charges/Transfers 641,703 - 609,080 641,703 - - 100.00%
TOTAL ECONO DEVELOPMENT 1,402,363 51,321.64 752,421.84 915,156.53 75,568.44 411,638.03 70.65%
TOTAL EXPENDITURES 16,701,463 51,321.64 10,087,721.01 1,015,886.53 75,568.44 15,610,008.03 6.54%
** REVENUE OVER(UNDER) EXPEND (7,772,855) 1,028,697.15 (3,218,288) 18,308,465
C I T Y O F S C H E R T Z
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: May 31st , 2026
********************************** 2 0 2 5 - 2 0 2 6 ********************************
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)7,668,608 910,484.90 5,690,119.27 18,097,374.36 - (10,428,766.36) 235.99%
TOTAL Taxes 7,668,608 910,484.90 5,690,119.27 18,097,374.36 - (10,428,766.36) 235.99%
Fund Transfers000-486000 Transfer In - - - - - - 0.00%
TOTAL Fund Transfers - - - - - - 0.00%
Miscellaneous
000-491000 Interest Earned 10,000 - 5,395 9,633 - 367.42 96.33%
000-491200 Investment Earnings 1,250,000 169,534 1,173,918 1,217,160 - 32,840.23 97.37%
000-497000 Misc Income - - - 185 - (185.01) 0.00%
TOTAL Miscellaneous 1,260,000 169,533.89 1,179,313.51 1,226,977.36 - 33,022.64 97.38%
TOTAL REVENUES 8,928,608 1,080,018.79 6,869,432.78 19,324,351.72 - (10,395,743.72) 216.43%
C I T Y O F S C H E R T Z
REVENUE REPORT (UNAUDITED)
AS OF: May 31st , 2026
********************************** 2 0 2 5 - 2 0 2 6 ********************************
Investment LAST INCREASE
Cash in Bank Type Yield Maturity Amount MONTH DECREASE
Claim on Operating Cash Pool-Checking Bank 3.61 -660,675.11$ 2,116,809.27$ (1,456,134.16)$
Cash in Investments
Texas Class Investment-Economic Development Corp Pool*3.75 -53,076,531.41 48,919,350.60 4,157,180.81
Schertz Bank & Trust-Certificate of Deposit 1 Year CD 4.00 5/10/2027 1,278,890.80 1,266,537.72 12,353.08
Schertz Bank & Trust-Certificate of Deposit 1 Year CD 4.00 1/5/2027 1,224,960.43 1,224,960.43 -
Total Cash in Bank & Investments 56,241,057.75$ 53,527,658.02$ 2,713,399.73$
*Local Government Investment Pool, most comparable to a Money Market Mutual Fund
CASH IN BANK AND INVESTMENTS
AS OF: May 31st , 2026
SED CORPORATION
113.4%
131.9%
361.5%
188.9%
249.5%
259.0%
270.6%
54.5%
-
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
Amy Madison Per Diem 457.38
Ashley Ritchey Per Diem 408.53
Scott Wayman Per Diem 215.00
WEX Bank FUEL FY 25/26 56.43
Ubeo, LLC Copier Rental 287.76 US Bank CC EDC Cardholders 9,267.96 TIP Straegies, Inc Comprehensive Strategic Plan - Contract 29,000.00
TIP Straegies, Inc Travel & Other Expenses 128.58
Golden Shovel Agency, LLC Website Migration 11,500.00
SUBTOTAL:51,321.64
TOTAL:$51,321.64
51,321.64
51,321.64
0.00
MAY 2026 PAYABLES REPORT
Agenda No. 5.
SEDC MEMORANDUM
SEDC
Board Meeting:06/25/2026
Department:Economic Development Corporation
Subject:Resolution 2026-02 - Authorizing the Board President to execute 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)
BACKGROUND
COMMUNITY BENEFIT
FISCAL IMPACT
SUMMARY OF RECOMMENDED ACTION
Attachments
Resolution 2026-2
Agenda No. 6.
SEDC MEMORANDUM
SEDC
Board Meeting:06/25/2026
Department:Economic Development Corporation
Subject:Resolution 2026-03 - Briefing, public hearing and possible action on recommending
approval by the City Council for the proposed Schertz Economic Development
Corporation FY2026-27 Budget and Reserves. (A. Madison)
BACKGROUND
COMMUNITY BENEFIT
FISCAL IMPACT
SUMMARY OF RECOMMENDED ACTION
Attachments
Resolution 2026-3