Agenda No. 6.
SEDC MEMORANDUM
| SEDC Board Meeting: | 07/24/2025 |
| Department: | Economic Development Corporation |
| Subject: | Resolution 2025-4 - Discussion, public hearing and possible action on authorizing the Executive Director of the Schertz Economic Development Corporation to enter into a contract regarding a feasibility study for possible local hotel and amenities. (S.Wayman/A.Madison) |
BACKGROUND
Over the past several months, the SEDC staff have been researching land sites for a hotel in the City of Schertz. We have also discussed the potential project with hotel – conference center developers to learn more about the requirements for this type of hotel with amenities and meeting space. Our intent was to consider a new classification of hotel for visitors and to be more competitive in the recruitment of both foreign and domestic companies who require hotel and conference space in proximity of Schertz. Throughout the course of discussions with hoteliers including Marriott, Hyatt, Hilton, IHG and developers specializing in hotel and conference centers, it became apparent that there are many factors that go into the readiness of Schertz to support an enhanced hotel concept within the region.
We are requesting authorization from the Board to expend funds for a feasibility study based on Texas Local Government Code Section 505.152. We are considering a contract with one of the three consulting firms and will provide our recommendation to the board. All firms have completed studies and have successful projects in the state of Texas.
We are requesting authorization from the Board to expend funds for a feasibility study based on Texas Local Government Code Section 505.152. We are considering a contract with one of the three consulting firms and will provide our recommendation to the board. All firms have completed studies and have successful projects in the state of Texas.
COMMUNITY BENEFIT
The feasibility study will provide the necessary information to explore a hotel with amenities and meeting space in the City of Schertz and to provide important information for recruiting potential developers.
FISCAL IMPACT
Staff is requesting approval to enter into a contract not to exceed $17,000 with one of three firms for purposes of conducting a feasibility study for a hotel – conference center. The cost of the contract will be charged to the Consultant Services line item.
SUMMARY OF RECOMMENDED ACTION
Staff recommend approval of SEDC Resolution 2025-4.