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EDC 03-27-2008 SClHlJElRtlrZ ECONOMIC DEVELOPMENT Minutes of the CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS' MEETING March 27, 2008 CITY STAFF ECONOMIC DEVELOPMENT George Antuna, Executive Director CORPORATION Jeff Jewell, Economic Development Specialist Steve White, Vice President Erin Matlock, Economic Development Specialist Mark Roberts Brad Bailey, Media Relations Roy Richard James Jamison Althur Jones Jim Fowler, Councilmember THOSE ABSENT Others Present Carl Douglas, President Robert Brockman, Citizen Anthony Vaticalos Amy Madison, M5 Consulting Ramon Cook, Citizen Shane Brownlow, RDO Manager 1. Call to order. Vice President White called the meeting to order at 11:30 am. 2. Public comment. Mr. Brockman stated that the new sign ordinance is to help small business. Mr. Brockman also noted that Bexar County is to form a P.I.D. (Public Improvement District) and wanted to know if the P.I.D. had been approved. Vice President White stated it has not been approved yet. Mr. Cook stated that the Bexar County Flood Plain Committee gave no consideration to flood issues in the area, meaning we are floodable and they do not care. CONSENT ITEMS (3-4): 3. Approval of meeting minutes dated February 28,2008. Page 1 of4 Schertz EDC Minutes 03.27.08 SClHlJElRtlrZ ECONOMIC DEVELOPMENT Director Jamison moved to approve the minutes of the February 28,2008 Economic Development Corporation meeting. Director Robelis seconded the motion. Motion carried. Vote unanimous 4. Update of the monthly financial report from the Gty Finance Director. Mr. Santoya introduced Robert Galindo; Robert will be the new financial analyst for the City of Schertz. Mr. Santoya gave a briefing of the financial report, stating that sales tax is still holding strong at seventeen percent above compared to the same time last year. ITEMS FOR INDIVIDUAL CONSIDERATION: 5. Report, discussion, and appropriate action regarding: a. Request from the City of Schertz to purchase an outdoor stage and tent for park purposes. This item tabled due to lack of back-up material. 6. Discussion and direction on revisions to tax abatement guidelines. Vice- President White stated that Jeff Jewell has completed the guidelines. 7. Discussion and direction on revised incentives application. Vice- President White stated that Jeff Jewell has completed the application with some minor changes. 8. Discussion on a request for a cash grant in the amount of $30,000 for La Quinta to help with Infrastructure on the property. Mr. Antuna stated that the La Quinta will have a total of eighty-one rooms with sixty of them being suites and a conference room large enough for fifty people. Mr. Antuna is asking for the same consideration given to the FairField Inn in the amount of $30,000. Director Jamison stated that this is becoming a pattern that needs to be stopped. Every project has overruns and the developer needs to address them accordingly. No action taken. Public hearing slated for April 24, 2008. Page2of4 Scherl/. EDC Minutes 03.27.08 SClHlJElRtlrZ ECONOMIC DEVELOPMENT 9. Discussion on a request from RDO Gohn Deere) for a cash grant up to $75,000 for septic improvements to the property. MS. Madison with M5 Consulting gave a briefing on the request. No action taken. Public hearing slated for April 24, 2008. 10. Discussion, direction and action on a request for Pratt Industries. (Review rewrite of Agreement). Mr. Jewell gave a presentation regarding Pratt Industries request for an incentive. The building that Pratt Industries has chosen already has a tax abatement on the property. Staff recommends a cash grant in the amount of $54,315.00 for improvements to the property. Mr. Jewell has made some changes to the agreement with some stipulations maintaining a certain number of employees instead of inventory clause. Mr. Jewell "rill have final agreement as soon as possible. No action taken. 11. Closed Session in accordance with Texas Local Government Code, 551.072 (Deliberations about Real Property). In addition to the matters listed above, any matter scheduled for open session may be discussed in Closed Session, as deemed appropriate and authorized by law. No action taken. 12. Items from the Executive Director. Mr. Antuna gave an update on the FM 3009 project stating phase one will be over passes over the railroad tracks. Mr. Antuna gave an update on Schwab Rd., stating a settlement was given to the landowners. Mr. Antuna stated that the ED staff is giving a series of ED Seminars for small businesses and new businesses. 13. Items from the President. Vice-President White stated that the board needs to consider changes in the meeting policy. Please consider meeting twice a month as the regular once a month meeting. 14. Items from the Board Members. Page 3 of4 Schc,1Z EDC Minutcs 03.27.08 SClH[]ElRtlrZ ECONOMIC DEVELOPMENT Council Member Fowler asked about the Dollar Tree development on EM 3009 stating that the retail center is still empty. Mr. Jewell stated that he believes the strip center has acquired another tenant. 15. Announcements. None 16. Presentation, discussion and possible action on future agenda items: A Director may inquire about a subject for which notice has not been given. A statement of specific factual information or the recitation of existing policy may be given. Any deliberation shall be limited to a proposal to place the subject on an agenda for a subsequent meeting. None 17. Adjourn. Vice President 'White adjourns the meeting at 1:22 pm. ~."'t:i ),. Secretary/Treasurer, James Jamison Pagc40f4 Schertz EDC Minutcs 03.27.08