.png) |
MINUTES
Thursday, November 21, 2024
Thursday, November 21, 2024
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on Thursday, November 21, 2024, 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.
In accordance with provisions of the Texas Open Meetings Act, Chapter 551, Texas Government Code notice is hereby given that a Possible Quorum of the governing body of the City of Schertz, Texas may take place at this meeting.
In accordance with provisions of the Texas Open Meetings Act, Chapter 551, Texas Government Code notice is hereby given that a Possible Quorum of the governing body of the City of Schertz, Texas may take place at this meeting.
Call to Order
1.
Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and public participation.
Board President Sammi Morrill presided over the meeting and called it to order at 6:15 p.m.
Board President Sammi Morrill presided over the meeting and called it to order at 6:15 p.m.
| Board of Directors Present: | Staff Present: |
| Sammi Morrill, Board President | Scott Wayman, Executive Director |
| William "Bill" Dixon, Board Vice President | Amy Madison, Deputy Director |
| Henry Hayes, Board Secretary-arrived at 6:42 p.m. | Ashley Ritchey, Business Engagement Manager |
| Mark Moody, Board Member | Tracy Miller, Administrative Assistant |
| Eryn McElroy, Board Member | Brian James, Deputy City Manager |
| Board of Directors Absent: | Others Present: |
| Donna Steward, Board Treasurer | Allison Heyward, Councilmember City Council EDC Liaison |
| Reynaldo "Ray" Chavez, 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 signed up to speak. No comments were made.
No residents signed up to speak. No comments were made.
Minutes
3.
Approval of the minutes for the Board of Directors Regular Monthly Meeting held Thursday, October 24, 2024. (T.Miller)
Board President Sammi Morrill asked for a motion to approve the Minutes of the Board of Directors Regular Monthly Meeting held Thursday, October 24, 2024.
Moved by Board Member Eryn McElroy, seconded by Board Vice President Bill Dixon.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Member Mark Moody, Board Member Eryn McElroy.
Unanimous affirmative vote - Motion carries.
Board President Sammi Morrill asked for a motion to approve the Minutes of the Board of Directors Regular Monthly Meeting held Thursday, October 24, 2024.
Moved by Board Member Eryn McElroy, seconded by Board Vice President Bill Dixon.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Member Mark Moody, Board Member Eryn McElroy.
Unanimous affirmative vote - Motion carries.
Presentations
4.
Staff briefing on SEDC monthly financial statement for the month of October 2024. (S.Wayman)
Scott Wayman, Executive Director gave a brief overview of the SEDC Financial Statement for October 2024.
October 2024 sales tax received was $511,724.88, expenses were $675,792.56, a 13% decrease over the year prior. The 12-month rolling average is 1.3% still trending up. Notable expenditures include an incentive payment to Kellum Real Estate LLC, a payment to City of Schertz for semi-annual services, payments to Greater SATX and Schertz Chamber of Commerce for annual membership dues and a payment to TML Intergovernmental Risk Pool for insurance. Total Cash & Investments figure at the end of October was $39.1 million.
Board President Sammi Morrill recessed Open Session to Close Session at 6:21 p.m.
Scott Wayman, Executive Director gave a brief overview of the SEDC Financial Statement for October 2024.
October 2024 sales tax received was $511,724.88, expenses were $675,792.56, a 13% decrease over the year prior. The 12-month rolling average is 1.3% still trending up. Notable expenditures include an incentive payment to Kellum Real Estate LLC, a payment to City of Schertz for semi-annual services, payments to Greater SATX and Schertz Chamber of Commerce for annual membership dues and a payment to TML Intergovernmental Risk Pool for insurance. Total Cash & Investments figure at the end of October was $39.1 million.
Board President Sammi Morrill recessed Open Session to Close Session at 6:21 p.m.
Closed Session
5.
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) to deliberate the offer of a financial or other incentive to a business prospect.
End time: 6:59 p.m.
Board President Sammi Morrill reconvened to Open Session at 7:00 p.m.
- Project E-99
End time: 6:59 p.m.
Board President Sammi Morrill reconvened to Open Session at 7:00 p.m.
Reconvene to Regular Session
6.
Take any actions based on discussion held in closed session under Agenda Item No. 5.
No action taken based on discussion in Closed Session.
No action taken based on discussion in Closed Session.
Requests and Announcements
- Announcements by staff:
- Offices Closed November 28-29, 2024 - Thanksgiving Holiday
- Next Regular Board Meeting - December 12, 2024
- Holiday Dinner - December 12, 2024, RSVP by December 2, 2024
- Requests by Board Members to place items on a future SEDC Board Meeting agenda.
- No comments were made.
Adjournment
Board President Sammi Morrill asked for a motion to adjourn the meeting.
Board President Sammi Morrill asked for a motion to adjourn the meeting.
Moved by Board Secretary Henry Hayes.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Henry Hayes, Board Member Mark Moody, Board Member Eryn McElroy.
Unanimous affirmative vote - Motion carries.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Henry Hayes, Board Member Mark Moody, Board Member Eryn McElroy.
Unanimous affirmative vote - Motion carries.
Board President Sammi Morrill adjourned the meeting at 7:02 p.m.
MINUTES PASSED AND APPROVED THIS _____ DAY __________________ 2025.
____________________ Sammi Morrill Board President |
___________________ Donna Steward Board Treasurer |