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MINUTES
Thursday, June 29, 2023
Thursday, June 29, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on Thursday, June 29, 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 6:00 p.m.
Board President Paul Macaluso presided over the meeting and called it to order at 6:00 p.m.
| Board of Directors Present: | Staff Present: |
| Paul Macaluso, Board President | Scott Wayman, Executive Director |
| Sammi Morrill, Board Secretary | Ashley Ritchey, Business Engagement Manager |
| Bryan Snowden, Treasurer | Tracy Miller, Administrative Assistant |
| Roy Richard, Board Member | Brian James, Deputy City Manager |
| Bill Dixon, Board Member | John Nowak, Engineer |
| Board of Directors Absent: | Others Present: |
| Jesse Hamilton, Vice Present | Tim Brown, Mayor Pro-Tem, City Council Liaison |
| Mark Moody, Board Member |
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 up to speak.
No residents were present.
No residents were present.
Minutes
3.
Approval of the minutes for the Board of Directors Regular Monthly Meetings held on Thursday, May 25, 2023. (T.Miller/S.Wayman)
Board President Macaluso asked for a motion to approve the Minutes of the Board of Directors Regular Monthly Meeting held on Thursday, May 25, 2023.
Moved by Board Member Roy Richard, seconded by Board Member Bill Dixon.
AYE: Board President Paul Macaluso, Board Secretary Sammi Morrill, Treasurer Bryan Snowden, Board Member Bill Dixon, Board Member Roy Richard.
Board President Macaluso asked for a motion to approve the Minutes of the Board of Directors Regular Monthly Meeting held on Thursday, May 25, 2023.
Moved by Board Member Roy Richard, seconded by Board Member Bill Dixon.
AYE: Board President Paul Macaluso, Board Secretary Sammi Morrill, Treasurer Bryan Snowden, Board Member Bill Dixon, Board Member Roy Richard.
Presentations
4.
Staff briefing on SEDC monthly financial statement for the month of May 2023. (J. Walters/S. Wayman)
Mr. Wayman provided an update on the financials for the month. May sales tax received was $587,554, a 7.7% increase over the year prior. The 12-month rolling average is 10.3% still trending up. Notable expenditures include Town Creek Sewer Capacity and TxEDC Patron Investor. Total Cash & Investments figure at the end of May was $29.1 million.
Mr. Wayman provided an update on the financials for the month. May sales tax received was $587,554, a 7.7% increase over the year prior. The 12-month rolling average is 10.3% still trending up. Notable expenditures include Town Creek Sewer Capacity and TxEDC Patron Investor. Total Cash & Investments figure at the end of May was $29.1 million.
Discussion Items
5.
Discussion and direction concerning SEDC Res.No.2022-7 and Lookout Rd. design and engineering. (S. Wayman)
Mr. Wayman provided the history of SEDC Res. No. 2022-7 authorizing and approving up to $770,000 for the design of the Lookout Road project. Mr. Wayman wanted to affirm the action that was taken by the Board at the September 2022 meeting to approve the design work.
The Board approved to go forward the project.
Board President Paul Macaluso recessed Open Session to Closed Session at 6:11 p.m.
Mr. Wayman provided the history of SEDC Res. No. 2022-7 authorizing and approving up to $770,000 for the design of the Lookout Road project. Mr. Wayman wanted to affirm the action that was taken by the Board at the September 2022 meeting to approve the design work.
The Board approved to go forward the project.
Board President Paul Macaluso recessed Open Session to Closed Session at 6:11 p.m.
Closed Session
6.
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.
End time: 6:38 p.m.
Board President Paul Macaluso reconvened to open session at 6:38 p.m.
- E-80
- E-81
- E-84
End time: 6:38 p.m.
Board President Paul Macaluso reconvened to open session at 6:38 p.m.
Reconvene to regular session
No action was taken based on discussion in closed session.
No action was taken based on discussion in closed session.
7.
Take any actions based on discussion held in closed session under Agenda Item No.6
No action was taken based on discussion in closed session.
No action was taken based on discussion in closed session.
Requests and Announcements
- Announcements by staff:
- Set date for Board Workshop - No date was set for Board Workshop
- Ashley Ritchey update on Chicago Mission Trip with Team Texas - Ashley Ritchey gave an update on Team Texas trip.
- Update on Breakfast Club presentation - Scott Wayman gave an update on the Breakfast Club meeting
- Offices closed for 4th of July - July 3-4, 2023
- Next Board Meeting - July 27, 2023
- Requests by Board Members to place items on a future SEDC Board Meeting agenda.
- No request were made.
Adjournment
Board President Paul Macaluso adjourned the meeting at 6:43 p.m.
Board President Paul Macaluso adjourned the meeting at 6:43 p.m.
MINUTES PASSED AND APPROVED THIS ___ DAY _____ 2023.
____________________ Paul Macaluso Board President |
___________________ Sammi Morrill Board Secretary |