20230427 Minutes SEDC Board Reg MtgECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, April 27, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly
Meeting o n Thursday, April 27, 2023. at 6:00 p.m. at the Hal Baldwin Municipal Complex, Council Chambers
Conference Room, Building No. 4, 1400 Schertz Parkway, Schertz, Texas. Ibis was an open meeting, subject to
the open meeting laws of the State of Texas.
Call To Order
1. Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction
and public participation.
Board President Macaluso presided over the meeting and called it to order at 6:00 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
Roy Richard, Board Member
Board of Directors Absent:
Bill Dixon, Board Member
Mark Moody, Board Member
Hearing of Residents
Staff Present:
Holly Malish, Interim EDC Director
Ashley Ritchey, Business Engagement Manager
John Nowak, Engineer
Sheree Courney, Deputy City Secretary
Others Present:
Tim Brown, Mayor Pro-Tern, City Council Liaison
Allison Heyward, Councilmember, City Council
Liaison-Alt
2. 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 requested to speak.
Minutes
3. Approval of the minutes for the Board of Directors Regular Monthly Meeting held on Thursday,
April 27, 2023. (S.Courney)
No action taken.
Presentations
4. Staff briefing on SEDC monthly financial statement for the month of March 2023. (J.
Walters/H.Malish)
March sales tax received was $681,142, a 17.7% increase over the year prior. The 12-month
rolling average is 9.9% still trending up. Notable expenditures include incentive payments to
Closner Equipment and Ace Mart, and consultant payments to Kimley-Horn and The Retail
Coach.
Total Cash & investments figure at the end of March was $28.1 million.
5. Presentation on Retail Coach Update (H. Malish/A. Fanner)
Ms. Malish played a recorded presentation from Mr. Farmer that provided an update on the strong
interest in Schertz from various retailers, restaurants, and developers interested in bringing
business to the city. The last six months have been a struggle with readily available sites. Many
that were reached out to want to build around EVO. He also provided information for the
upcoming ICSC conference to be held May 21-23, 2023. He recommends Schertz talk to Merritt
regarding any scheduled meetings at the event they would like a City representative to attend with
them.
6. Presentation on Annual Certifications (H. Malish)
Ms. Malish provided an update on AlUlual Certifications including rebates paid for the year. 9 out
of I l are in compliance, one was not responsive, and one is requesting an extension.
7. Presentation on SEDC Funding Commitments (H. Malish)
Ms. Malish presented current status of Board approved funding commitments to date.
Discussion Items
8. Discussion on Lookout Rd Reconstruction Project (H. Malish/J. Nowak)
Ms. Malish recognized Mr. John Nowak, City of Schertz Engineer, who provided an update on
Lookout Rd. reconstruction project and requested additional funding for sidewalks. Costs
associated with adding the sidewalks include adding retaining walls, additional survey and design
work, and right of way acquisition. Estimated costs continue to go up. Current estimated cost for
adding the additional sidewalks is $1.5 million. This is in addition to the amount already
committed by the Board for the Lookout Road reconstruction project of $5.25 million. Bringing
total estimated costs to $6.75 million. Board members requested additional information showing
the proposed costs.
Board President Macaluso recessed Open Session to Closed Session at 6:41 p.m.
Closed Session
9. 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 (I) 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) the deliberate the offer of a financial or other incentive to a business prospect.
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Start time: 6:41 p.m.
End time: 7:15 p.m .
Board Present Macaluso reconvened to open session at 7:16 p .m.
Rttonve ne to r egula r session
10. Take any actions based on discuss ion held in closed session under Age n da Ite m N o . 9
No action taken based on discussion in closed session.
Requests a nd Announcements
• Announcements by s taff:
•Next Board Meeting • May 25, 2023
•Ms. Malish shared she will be taking a Leave of Absence beginning M ay 17, 2023.
•April Birthdays -Sammi Morrill
•Requests by Board M e mbers to place items on a fu ture SEDC Board Meeting agenda.
•Update from L auren Shrum , Parks and R ecreation Director, on Great Hills Trail.
•Update on Schertz 3 12
Adjournment
B oard President Macaluso adjourned the m eeting at 7:23 p.rn .
ND APPROVED THIS ~6 DAY ~12 0 23 .
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Sa'mmi Morrill
Board Secretary