Min EDC 09/19/2019cibolo*tx
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200 South Main Street, P.O. Box 826, Cibolo, Texas 78108
Phone: (210) 658-0900 Fax: (210) 658-1687
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Regular Call Meeting
Cibolo Economic Development Corporation
200 South Main, Cibolo, Texas 78108
Thursday, September 19, 2019
6:00 P.M.
1. Call to Order— Meeting was called to order by President Petersen at 6:00 p.m.
2. Roll Call and Excused Absences— Members Present: Mr. Petersen, Ms. Pedde, Mr. Thies, Mr.
Chard, Mr. Gardner and Mr. Montegue; Members Absent: Ms. Walker. Mr. Thies made the
motion to excuse Ms. Walker. Motion was seconded by Mr. Chard. For: All; Against: None.
Motion carried 5 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.
All remarks shall be addressed to the Board of Directors as a body, and not to any individual
member thereof. Public criticism of the Board of Directors or any action, policy program or service
provided by the City is not prohibited. However, any person making personal, impertinent, or
slanderous remarks to individual members of the Board while addressing the Board may be
requested to leave the meeting.
No individuals signed up to be heard.
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 August 15, 2019 Board Meeting.
B.) Presentation of the Financial Reports for June 2019.
C.) Presentation of Sales Tax Reports for June 2019.
D.) Presentation of Quarterly Investment Report Ending June 30, 2019.
Mr. Thies made the motion to approve the consent agenda. Motion was seconded by Mr.
Gardner. For: All; Against: None. Motion carried 5 to 0.
Presentation, discussion and appropriate action on the evaluation and findings of the Hotel
Feasibility Study by Hospitality Marketers International, Inc., and consideration for further action
by the Cibolo Economic Development Corporation Board of Directors resulting from said Hotel
Feasibility Study.
Mr. Michael Hool from the Hospitality Marketers International, Inc. gave a Cibolo Hotel Feasibility
Study to the Economic Development Corporation. Mr. Hool went over the goal of the project
which was to determine the feasibility of developing a midscale to upscale limited service style
hotel at two sites in Cibolo — Cibolo Commons and Cibolo Crossing. Research of the project
consisted of two focus groups including local business owners and local officials. He spoke on
both a Limited Service style hotel and a select service style hotel. Recommendations from the
study showed a Limited Service style hotel could be built at either site location Cibolo Crossing
(IH -35) or Cibolo Commons (FM -78). Select Service style hotel was recommended for the Cibolo
Crossing site on IH -35. Mr. Hool also spoke on a third alternative which was to develop a slightly
larger hotel at the IH -35 site which would be a mix of both styles.
8. Discussion and appropriate possible action regarding the subcommittee's progress to the Board
of Directors on new business growth and its impacts relating to the metrics.
Mr. Chard stated that the sub -committee (Mr. Chard, Mr. Thies and Mr. Gardner) have met twice
and have another meeting scheduled for next week. Mr. Chard stated that they will complete
their review and bring a report back to the EDC at the next meeting scheduled for October.
9. Review and Approval of a Resolution of the Board of Directors of the Cibolo Economic
Development Corporation, Reviewing, and Approving the Investment Policy: Providing a
Repealing Clause; Providing a Severability Clause; and Providing for an Effective Date.
Mr. Thies made the motion to approve a Resolution of the Board of Directors of the Cibolo
Economic Development Corporation, Reviewing, and Approving the Investment Policy: Providing
a Repealing Clause; Providing a Severability Clause; and providing for an Effective Date. Motion
was seconded by Mr. Montegue. For: All; Against: None. Motion carried 5 to 0.
10. Select items presented to the Board of Directors:
A.) Reminder of Texas Economic Development Council (TEDC) September 20, 2019 Sales
Tax Training Workshop
Mr. Luft the Economic Development Director reminded all the members of the Texas
Economic Development Council (TEDC) September 20, 2019 Sales Tax Training
Workshop. All members except one will be attending.
11. Set a Date and Time for next Meeting — October 17, 2019, at 6:00 pm.
12. Adjournment - President Petersen adjourned the meeting at 7:26 p.m.
PASSED AND APPROVED THIS 16TH DAY OF OCTOBER, 2019.
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David Petersen
President