20230126 Minutes SEDC Board Reg Mtg§C1H[]E1R{1LZ
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, January 26, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a
Regular Monthly Meeting on Thursday, January 26, 2023, at 6:10 p.m. in the Hal Baldwin
Municipal Complex, Council Chambers Board 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.
Call to order
1. Roll call and recognition of visitors
Board President Macaluso presided over the meeting and called it to order at 6:02 p.m. Mr.
Macaluso welcomed everyone in attendance.
Board of Directors present:
Paul Macaluso, -Board President
Jesse Hamilton -Board Vice President
Sammi Morrill -Board Secretary
Bryan Snowden -Board Treasurer
Bill Dixon
Mark Moody
Roy Richard
Others present:
Tim Brown, City of Schertz Council member
Hearing of residents
Staff present:
Holly Malish -Deputy Director
Steve Williams -City Manager
Brian James -Assistant City Manager
Sheree Coumey-Administrative Assistant
James Walters -Finance Director
2. Public comment -This time is s et aside for any p erson who wishes to address th e board.
Presentations should be limited to no more than J. minutes. Th e presiding officer will call on
those persons who have signed up to speak.
No public were present. No comments were made.
Minutes
3. Approval of the minutes for the Board of Directors Regular Monthly Meeting held on
Thursday, December 8, 2022. (H. Malish/S. Coumey)
A motion to approve the minutes for the Board of Directors Regular Monthly Meeting held
Thursday , December 8, 2022 , was made by Mr. Roy Richard and seconded by Mr. Bill
Dixon. Motion passed unanimously.
SEDC Minutes 01/26/2023 Page 1 of 3
Presentations
4. Staff briefing on SEDC Financial statements for the months of October, November, and
December 2022. (J. Walters)
October revenue was $580,484.54. Total expenses were $285,985.29. Major expenses
included City of Schertz semi-annual payment for administrative services.
November revenue was $523,457.81. Total expenses were $8,856.37. Major expenses
were for the job fair, training, and a road show.
December revenue was $709,748.47. Total expenses were $76,246.69, which included the
incentive payment to Four Oaks Distribution Center and a software purchase.
Mr. Walters explained that the Cash & Investments figure at the end of December was
$26,462,665.22 which includes $317,000 cash in the bank, invested $24 million in money
market mutual fund for local government, and just over $2 million in CDs held at Schertz
Bank & Trust. The 12-month rolling average for December is very good at 20%.
Investment interest rates have been favorable to EDC. In first quarter last year EDC earned
$4,000, the December earnings are $217,000.
5. Staff briefing and design update on progress related to redevelopment of Main Street. (B.
James)
Mr. James provided an update on the design studies for Main Street. He showed examples
of the signage, lighting, and decorative screens that highlight impacts of aviation,
agricultural, railroad, and historical events that have helped shape the Schertz identity. The
screens will soften the aesthetics and can be used to separate pedestrian traffic from private
property.
Project will begin in phases. Expect to begin with the infrastructure improvements to the
water/wastewater lines, undergrounding utilities, and building up the topo in areas where
flooding is prevalent before the design work begins.
6. Staff briefing on incentive policy update pertaining to Main Street Neighborhood
Empowerment Zone (B. James)
Mr. James began by explaining the City created a few empowerment zones. With that
designation the City has the power to waive certain development fees. Some fees cannot
be waived because they are not City-imposed costs. The hope is that EDC will help offset
the fees that cannot be waived by providing funds toward qualifying costs. Businesses will
have to apply for funds and meet the criteria set forth in the incentive policy as it pertains
to Main Street Neighborhood Empowerment Zone.
Board President Paul Macaluso recessed the meeting to closed session at 6:3 7 p.m.
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CLOSED SESSION
7. The SEDC Board will meet in closed session 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-88
Start time: 6:38 p.m.
End time: 6:46 p .m.
Project E-80 Project E-84 Project E-79
Board President Paul Macaluso reconvened to regular session at 6:4 7 p.m.
RECONVENE TO REGULAR SESSION
8. Take any actions based on discussion held in closed session under Agenda Item No. 7.
No action was taken based on discussion held in closed session.
REQUESTS AND ANNOUNCEMENTS
9. Announcements by Staff
a. Ms. Malish shared she will be taking a 6-week Leave of Absence beginning in March.
b. Next Board Meeting -February 23, 2023 -Library
c. Office closed for Presidents' Day -February 20, 2023
d. City of Schertz Updates
i. Adrian Perez has resigned effective February 8, 2023.
11. Holly Malish will serve as interim director for EDC.
10. Requests by Board Members to place items on a future SEDC Board Meeting agenda.
a. Board Secretary Morrill requested a presentation on an interim plan to support EDC
during the transition to a new director.
b. Board Treasurer Snowden requested a presentation from Lauren Shrum on Parks
possibilities where EDC can provide support.
Adjournment
Board President adjourned the meeting at 6:51 p.m.
MINUTES PASSED AND APPROVED THIS 23rd DAY FEBRUARY 2023.
~'[ __ __
Paul Macaluso
Board President
SEOC Minutes 01/26/2023
Board Secretary
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