20230824 Minutes SEDC Board Reg MtgSCHIERTZ
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, August 24, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on
Thursday, August 24, 2023. 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.
Call To Order
1. Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and public
participation.
Board President Paul Macaluso presided over the meeting and called it to order at 6:05 p.m.
Board of Directors Present:
Paul Macaluso, Board President
Jesse Hamilton, Board Vice President.
Sammi Morrill, Board Secretary
Roy Richard, Board Member
Mark Moody, Board Member
Board of Directors Absent:
Bill Dixon, Board Member
Staff Present:
Scott Wayman, Executive Director
Holly Malish, Deputy Director
Ashley Ritchey, Business Engagement Manager
Tracy Miller, Administrative Assistant
Steve Williams, City Manager
Brian James, Deputy City Manager
Others Present:
Tim Brown, Mayor Pro -Tem, City Council Liaison
Allison Heyward, Councilmember, City Council Liaison
Ray Chavez, Schertz Citizen
Dana Eldridge, Schertz Citizen
Hearing of Residents
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 tip to speak.
No resident signed up to speak.
Minutes
3. Approval of the minutes for the Board of Directors Regular Monthly Meeting held on Thursday, June 29, 2023. (T.
Miller /S. Wayman)
Board President Paul Macaluso asked for a motion to approve the Minutes of the Board of Directors Regular
Monthly Meeting held Thursday, June 29, 2023.
Motion by Board Member Roy Richard, seconded by Vice President Jesse Hamilton.
AYE: Board President Paul Macaluso, Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board
Member Roy Richard, Board Member Mark Moody
Presentations
4. Staff briefing on SEDC monthly financial statements for the months of June and July, 2023. (S. Wayman/J. Walters)
Scott Wayman, Executive Director provided a summary and overview on the SEDC Financials for the month of
June, 2023.
June, 2023 sales tax received was $567,015, a 17.0% increase over the year prior. The 12 -month rolling average is
9.5% still trending up. Notable expenditures include OnPeak- Conrad Hotel, Catherine Collier -Snow Cone Event,
RWLV - Conrad Hotel and Hilton Grand Vacations -ICSC. Total Cash & Investments figure at the end of June was
$29.8 million.
Scott Wayman, Executive Director provided a summary and overview of the SEDC Financials for July, 2023.
July, 2023 sales tax received was $513,175, a 7.6% increase over the year prior. The 12 -month rolling average is
9.4% still treading up. Notable expenditures include Licenses for Guru Prof -GIS Webtech, Marketing
Services - Retail Coach, Annual License -Jobs EQ and Doubletree Chicago -Team Texas Road Show. Total Cash &
Investments figure at the end of July was $30.4 million.
Discussion Items
5. Resolution 2023 -9 - Briefing and possible action on recommending approval by the City Council for the proposed
Schertz Economic Development Corporation FY 2023 -24 Budget and Reserves. (S. Wayman)
Holly Malish, Deputy Director presented an overview of the fiscal year 2023 -24 proposed budget. Total revenue
estimated at $8.4 million, growth rate 6 %, total project costs for SEDC contractual obligations is estimated $3
million including Schertz 312, Ace Mart, Sysco, Caterpillar, Kellum and Medical Office Building (MOB). $8.6
million has been allocated for the Lookout Road Project and Main Street Project sewer upsize and signalization.
Operational costs are budgeted at $1.3 million for Marketing and Professional Services Contract including $200,000
for the Small Business Grant Fund. Total cost comes out to $12.9 million. $4.5 million will be pulled from the
reserve fund leaving a balance of $27.8 million.
Significant updates to the budget include increasing budget for marketing and promotion. TXDOT NEX Signage
approval at $145,000 and the remainder of Retail Coach contract at $19,000. Recruitment Engagements remain the
same and Computer Licenses /Software increased $4,000. Staff payroll increased by 8% part of which is City
Councils 4.7% cost of living increase.
Board President Paul Macaluso asked for a motion to approve SEDC Resolution 2023 -9 recommending approval by
the City Council for the proposed Schertz Economic Development Corporation FY 2023 -2024 Budget and Reserves.
Motion by Board Secretary Sammi Morrill, seconded by Vice President Jesse Hamilton.
AYE: Board President Paul Macaluso, Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board
Member Roy Richard, Board Member Mark Moody
6. Discussion and possible action to appoint a new SEDC Board Treasurer. (S. Wayman)
Scott Wayman, Executive Director discussed with the Board of Directors the resignation of Board Treasurer Bryan
Snowden and appointing a replacement. Board President Paul Macaluso requested Board Secretary Sammi
Morrill to take on duel roles and be the new Board Treasurer as well as continuing to be Board Secretary and asked
for a motion.
A motion to elect Board Secretary Sammi Morrill to also be Board Treasurer was made by Board Member
Roy Richard, seconded by Vice President Jesse Hamilton.
AYE: Board President Paul Macaluso, Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board
Member Roy Richard, Board Member Mark Moody
Resolution 2023 -6 - Discussion and possible action on authorizing the funding for I -35 NEX Project: Schertz
Parkway Bridge Signage. (S. Wayman)
Scott Wayman, Executive Director provided the history of the project. This item was brought to the Board for
discussion in December 2022 in preparation for the 2023 budget. The estimated cost was $40,000 and the cost of
the project is more expensive than anticipated. Mr. Wayman discussed staffs recommendation on the bridge
signage. TXDOT has agreed in writing to waive the 10% for the cost of lane closure and SEDC staff is asking for
an amount not to exceed $145,000. SEDC staff requested that SEDC will be the funding authority for this project.
Board President Paul Macaluso asked for a motion.
Motion by Board Member Roy Richard, seconded by Board Member Mark Moody
AYE: Board President Paul Macaluso, Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board
Member Roy Richard, Board Member Mark Moody.
Board President Paul Macaluso recessed Open Session to Closed Session at 6:25 p.m.
Closed Session
8. 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 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.
• E -038 • E -80 • E -81 • E -92
• E -051 • E -84 • E -91 • E -93
Start time: 6:25 p.m.
End time: 7:24 p.m.
Board President Paul Macaluso reconvened to Open Session at 7:25 p.m.
Reconvene to regular session
9. Take any action based on discussion held in closed session under Agenda Item No. 8.
No action was taken based on discussion in closed session.
10. Resolution 2023 -7 - Discussion and action on authorizing an amendment to the Performance Agreement Schertz
312 Phase 1, Titan, Schertz 35 Business Park, located on Tejas Way south of Doerr Ln. (S. Wayman)
Board President Paul Macaluso asked what changes were made in the amendment. Scott Wayman, Executive
Director gave an overview of the changes in the amendment. After discussion the item was tabled. Mr.
Wayman will discuss with Schertz 312 amendments requested by the Board. Not more than two 500,000 square
foot buildings on the site to equal a million square foot and the street credits will be reserved only for those two
structures that are on that site.
Agenda item 10 was tabled to the next meeting for more discussion.
11 Resolution 2023 -8 - Discussion and action on authorizing the amendment and restatement of the Performance
Agreement Schertz 312 Phase Ii, Titan, Schertz 35 Business Parkway, located on Tejas Way south of Doerr Ln. (S.
Wayman)
Scott Wayman, Executive Director gave a brief summary of the amendments to the Performance Agreement Schertz
312 Phase Il, Titan, Schertz 35 Business Parkway. The bridge infrastructure will be deleted from the agreement.
Also, discussed the money for the secondary access point they have already spent for the managed entrance off of
Doerr Ln. Board President Paul Macaluso asked for a motion.
Moved by Board Member Roy Richard, seconded by Vice President Jesse Hamilton.
AYE: Board President Paul Macaluso, Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board
Member Roy Richard, Board Member Mark Moody
12. Resolution 2023 -10 - Discussion and action authorizing the Executive Director of the Schertz Economic
Development Corporation to enter into a Performance Agreement with Boomerang - Lovett. (S. Wayman)
Scott Wayman, Executive Director gave a brief overview and asked for approval to enter into
a Performance Agreement with Boomerang - Lovett. Board President Paul Macaluso asked for a motion.
Motion by Board Secretary Sammi Morrill, seconded by Board Member Mark Moody.
AYE: Board President Paul Macaluso, Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board
Member Roy Richard, Board Member Mark Moody.
13. Resolution 2023 -11 - Discussion and action authorizing the Executive Director of the Schertz Economic
Development Corporation to enter into a Performance Agreement with Core5 Industrial Partners. (S. Wayman)
Scott Wayman, Executive Director gave a brief overview. If approved the city will begin to work with them to
allow them to start putting in channels to help with water clarity and help manage drainage channels on that
development. Once they get a Certificate of Occupancy (C of O) for one of the four buildings they will be paid the
reimbursement money for the pilot channel.
Moved to approve by Board Member Roy Richard, seconded by Board Member Mark Moody.
AYE: Board President Paul Macaluso, Vice President Jesse Hamilton, Board Secretary Sammi Morrill, Board
Member Roy Richard, Board Member Mark Moody.
Requests and Announcements
Announcements by staff.
• Office closed for Labor Day - September 4, 2023
• Recommending Special Meeting - September 14, 2023
• Next Board Meeting - September 28, 2023
• Lauren Shrum, Parks and Recreation Director, will present September 2023
Request by Board Members to place items on a future SEDC Board Meeting agenda.
• Board President Paul Macaluso called a Special Meeting on September 14, 2023 at 6:00 p.m.
Adjournment
Board President Paul Macaluso adjourned the meeting at 7:42 p.m.
MINUTES PASSED AND APPROVED THIS DAY 023.
Paul Macaluso �ammi Morrill
Board President Board Secretary