Min EDC 11/21/2019cibolo*tx
�COMOMIC 1t Y�LO�M�NT C O R R
200 South Main Street, P.O. Boz 826, Cibolo, Texas 78108
Phone: (210) 658-9900 Fax: (210) 658-1687
v .cibobtcgov
Regular Call Meeting
Cibolo Economic Development Corporation
200 South Main, Cibolo, Texas 78108
Thursday, November 21, 2019
6:00 P.M.
MINUTES
1. Call to Order —Meeting was called to order by President Mr. Petersen at 6:02 pm.
2. Roll Call and Excused Absences — Members Present: Ms. Pedde, Ms. Walker, Mr. Petersen, Mr.
Gardner and Mr. Montegue; Members Absent: Mr. Thies and Mr. Chard. Mr. Montegue made
the motion to excuse the absence of both members. Motion was seconded by Mr. Gardner. For:
All; Against: None. Motion carried 4 to 0.
3. Invocation —Moment of Silence —Mr. Petersen requested a Moment of Silence.
4. Pledge of Allegiance —All in attendance recited the Pledge of Allegiance.
5. Citizens to be Heard (limit remarks to 3 minutes)
This is the opportunity for visitors and guests to address the Board of Directors on an issue that is
relevant to the mission and purpose of the Economic Development Corporation. The Board of
Directors may not debate any non -agenda issue, nor may any action be taken on any non -agenda
issue at this time, however, the Board of Director's may present any factual response to items
brought up by citizens. (Texas Attorney General Opinion —JC -0169) (Limit of three minutes each)
OTHER THAN A PUBLIC HEARING THIS IS THE ONLY OPPORTUNITY A CITIZEN CAN BE HEARD
DURING THIS MEETING.
No individuals signed up to speak.
6. Consent Agenda. All of the following items may be acted upon by one motion. No separate
discussion or action on any of the items is necessary unless desired by a Board Member.
A.) Approval of Minutes for October 16, 2019 Board Meeting.
B.) Presentation of Sales Tax Reports for September 2019.
C.) Presentation of Quarterly Investment Report Ending September, 2019.
Mr. Montegue made the motion to approve the consent agenda as presented. Motion was
seconded by Ms. Pedde. For: All; Against: None. Motion carried 4 to 0.
7. Presentation and discussion on the fourth quarter metrics report for FY 2018/2019.
Ms. Lee presented the fourth quarter metrics to the board. Ms. Lee will go over the entire report
in the next item.
8. Discussion and direction regarding the subcommittee's progress to the Board of Directors on new
business growth and its impacts relating to the metrics.
Ms. Lee briefed the Metrics covering the period of October 1, 2018 to September 20, 2019. A
definition of "business" was added to the Overview page. Mixed Beverage tax was added to the
charts on pages 6, 10 and 11 as it is a direct result of commercial activity. Ms. Lee briefed that
the fourth quarter saw a substantial increase (9 new businesses) opening compared to the third
quarter (2 new businesses). There was also an increase in prospect contracts for the fourth
quarter. This increase is attributed to EDC Staff attending trade shows and the completed hotel
feasibility study. The members all agreed they liked the format. Mr. Gardner would like to add
forecast to where ROI is listed on the charts.
9. Select items presented to the Board of Directors:
A.) Staff request from Board Members if they would be in attendance of a workshop
proposed on January 17, 2020 with executive staff and City Council Members on a
briefing by the Cibolo Economic Development Corporation.
The Board agreed that Mr. Chard and Mr. Thies would represent the EDB Board at this workshop.
10. Set a Date and Time for next Meeting—January 16, 2020, at 6:00 pm.
11. Adjournment
Mr. Montegue made the motion to adjourn the meeting at 6:25 pm. Motion was seconded by
Ms. Walker. For: All; Against: None. Motion carried 4 to 0.
PASSED AND APPROVED THIS 16'" DAY OF JANUARY 2020.
Pe
Lel-t.+
Lesley P
Secretary
EDC Corporation