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EDC 10-31-2007 Minutes REGULAR MEETING SCHERTZ ECONOMIC DEVELOPMENT CORPORATION October 31, 2007 11 :30 a.m. - 1 :00 p.m. Council Workshop, 1400 Schertz Parkway, Schertz, TX 78154 SC1HllE1R{lrZ ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT CORPORATION Carl Douglas, President Arthur Jones Mark Roberts Roy Richard Steve White James Jamison Jim Fowler, Council Member CITY STAFF George Antuna, Executive Director Jeff Jewell, ED Specialist Erin Matlock, ED Specialist Juan Santoya, Finance Director David Harris, Assistant City Manager THOSE ABSENT Anthony Vaticalos Others Present Harry Richburg Robert Brockman Klaus Weiswurm Bob Vallance 1. Economic Development Corporation Call to Order: President Carl Douglas President Douglas called the meeting to order at 11 :31 a.m. 2. Introduction of Guests: David Harris Assistant City Manager Robert Brockman, Citizen Harry Richburg, Citizen Klaus Weiswurm, Business Owner Bob Vallance, Business Owner 3. Public Comment Mr. Brockman stated that the banners along Schertz Parkway needed maintenance. Mr. Harris stated that the banners have already been fixed. 4. OLD BUSINESS Schertz SEDC Board Meeting Minutes 10.31.07 Page 1015 A. Minutes of the October 2, 2007 Meeting Director White moved to approve the minutes of October 2, 2007 Economic Development Corporation meeting. Director Roberts seconded the motion. Motion carried. Vote unanimous. B. Financial Report - (Juan Santoya) Mr. Santoya briefed the directors on the financial report. Mr. Santoya stated that sales tax revenue is up thirteen percent from last year. The sales tax revenue for the month is $149,101. Mr. Santoya stated that the current budget for the Schertz Economic Development Corporation was given to each director. Mr. Santoya stated that the sales tax revenue shown on the budget is just a projection; if the amount should exceed the projection the Corporation still maintains the total sales tax revenue. C. Set next meeting: November 15, 2007 President Douglas stated that the next meeting will be held on November 15,2007. 5. Introduction of New Board Members and oath of office by City Secretary President Douglas stated that the new or re-appointed board members are as follows: Roy Richards Mark Roberts James Jamison Anthony Vaticalos Assistant City Manager, David Harris swore in the new board members with the exception of Anthony Vaticalos. Director White asked Council Member Fowler what happened to the recommendation made by the board. Council Member Fowler stated that he was in sales tax training along with the Economic Development staff and was not aware of the interview outcome. 6. Nominate and act upon election of officers for the Schertz Economic Development Corporation Director White moved to appoint Carl Douglas as President of the Schertz Economic Development Corporation. Director Richard seconded the motion. Motion carried. Vote unanimous. Director Richard moved to appoint Steve White as Vice-President of the Schertz Economic Development Corporation. Director Jones seconded the motion. Motion carried. Vote unanimous. Director Richard moved to appoint James Jamison as Secretary/Treasurer of the Schertz Economic Development Corporation. Director White seconded the motion. Motion Schertz SEDC Board Meeting Minutes 10.31.07 Page 2 015 carried. Vote unanimous. President Douglas stated that the appointed officers would now sign the minutes of the Schertz Economic Development Corporation. 7. Discuss and take action on the 07-08 Budget for the Schertz Economic Development Corporation President Douglas stated that a breakdown in communications between the board and City staff had occurred. However after meeting with City staff and being assured changes would be made to move the $125,000 charged to the Corporation for marketing would be moved back to the general fund. President Douglas stated that the board did not approve the 07-08 Budget for Schertz Economic Development Corporation due to not having all the facts. President Douglas opened the floor for questions. Director White asked about the utilities, stating that expenses decreased. Mr. Harris stated the in the past the fuel account had been over allocated and it is just a matter of trying to bring it back down. Director White asked about the City Support line. Mr. Harris stated that the Schertz Chamber of Commerce was given the special events. Director White asked about the TravellTraining line noting a decrease. Mr. Antuna stated that he would not be traveling as much as his predecessor. Director Richard moved to approve the 07-08 Budget for the Schertz Economic Development Corporation. Director White seconded the motion. Motion carried. Vote unanimous. 8. Discuss and take action on a request to fund $31,000 for Fairfield Inn project Mr. Antuna stated that the cost for the CCMA rates for the Fairfield Inn project has tripled since its inception in December 2006. The CCMA rates along with the City rates have risen causing the project to go over Budget. Assistant City Manager, John Bierschwale is working with CCMA to help with the cost. Mr. Antuna recommends the board approve the request. Director White moved to approve the request to fund $31,000 for the Fairfield Inn project. Director Richard seconded the motion. Motion carried. Vote unanimous. 9. Discuss and take action on a request for a tax abatement for Lowe's Jeff Jewell gave a brief presentation to the board stating the CIED funds in the amount of $14,575 have already been used to help with the project and the City has already committed to paying for the water/sewer line extension. Mr. Antuna stated that we should abide by the promise already extended and would Schertz SEDC Board Meeting Minutes 10.31.07 Page 3 015 recommend the denial of the tax abatement based on Council support. Director Richard moved to deny the request for tax abatement for Lowe's. Director White seconded the motion. Motion carried. Vote unanimous. 10. Discuss and take action on a request for a tax abatement and/or alternative incentive for Walgreen's This item was tabled due to lack of information. The request for tax abatement for Walgreen's will be on the November 15,2007 agenda. 11. Discuss and take action on a request from Cross & Company to transfer two tax abatements (TC II Land L.P. and 6413 Tri-County Parkway Ltd. To ProLogis) Mr. Antuna stated that this is just a transfer of an existing abatement. Director Roberts moved to approve the request from Cross & Company to transfer two tax abatements (TC II Land L.P. and 6413 Tri-County Parkway Ltd. To ProLogis. Director Jones seconded the motion. Motion carried. Vote unanimous. 12. Discuss and take action on a small business incentive · Schertz Tales ad · Feature on ED web page President Douglas stated that the ED web page could be utilized. No action taken on this item. 13. EXECUTIVE SEESSION: CALLED UNDER CHAPTER 551 TEXAS GOVERNMENT CODE, SUB-SECTION 551.087 DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS 14. Action if any on the above Executive Session No action taken. 15. Items by Economic Development Director Update on Sales Tax Training (Book provided for each Director) Open Meeting Training Mr. Antuna reminded everyone to take the Open Meetings Training. 16. Board Member Items Director White stated he would like to thank Harry Richburg, Bob Vallance and Klaus Weiswurm for attending the meeting. President Douglas stated that they would formally be addressed at the next meeting. Schertz SEDC Board Meeting Minutes 10.31.07 Page 4 015 Director Roberts reminded the directors to attend the meetings regarding the sign ordinance, stating that it is hurting small businesses. 17. Adjournment There being no further business, President Douglas adjourned the meeting at 1 :23 pm President, Carl Douglas Vice President, Steve White SecretarylTreasurer, James Jamison Schertz SEDC Board Meeting Minutes 10.31.07 Page 5 015