Economic Development Corporation

CITY OF NEW BRAUNFELS, TEXAS NEW BRAUNFELS ECONOMIC DEVELOPMENT CORPORATION MEETING CITY HALL - COUNCIL CHAMBERS 550 LANDA STREET THURSDAY, MARCH 31, 2022 at 4:00 PM 1. CALL TO ORDER 2. ROLL CALL 3. APPROVAL OF MINUTES A) Approval of minutes of the February 17, 2022 regular 22-246 meeting of the board. 4. CITIZEN'S COMMUNICATIONS This time is for citizens to address the Board on issues and items of concerns not on this agenda. There will be no Board action at this time. 5. TREASURER'S REPORT 6. ADVISORY TEAM REPORT 7. EDC-SUPPORTED PROJECTS UPDATE A) Das Rec Update 22-303 Jeff Jewell, Director, Economic and Community Development 8. DISCUSSION AND ACTION A) Public hearing, discussion, and possible approval of a 22-143 project expenditure of up to $550,000 to Texas Tito’s for an expansion project to promote business enterprises that create or retain primary jobs. Jeff Jewell, Director B) Public hearing, discussion and possible approval of up 22-179 to $1,500,000 to the Headwaters at the Comal for a capital project to construct a facility to house meeting and conference spaces and educational exhibits and improve site visibility and access. Jeff Jewell, Economic and Community Development Director C) Public hearing, discussion and possible action approving 22-272 an expenditure of up to $2,184,315.50 for engineering, design and related professional service and acquisition costs of approximately 3.62 acres of Union Pacific City of New Braunfels, Texas Page 1 Posted On: 3/24/2022 4:21:42PM  New Braunfels Economic Development Corporation A March 31, 2022 property in downtown New Braunfels. The project is authorized by the EDC Board of Directors pursuant to Section 501.103, as such expenditures are required or suitable infrastructure necessary to promote or develop new or expanded business enterprises, which may include streets and roads, water and sewer utilities, electric utilities, or gas utilities, drainage, site improvements, and related improvements, and telecommunications and internet improvements Jeff Jewell, Director, Economic and Community Development 9. EXECUTIVE SESSION In accordance with the Texas Government Code, Section 551.071, the Board reserves the right to retire into executive session concerning the items listed on this agenda to consult with its attorney. In addition, the Board may convene in executive session on any of the following items, with any final action being taken in open session: A) Deliberate the purchase, exchange, lease or value of 22-284 real estate in accordance with Section 551.072 of the Texas Government Code. 1. Lot - Gruene 16, Block 1, Lots 1-3 B) Deliberate Issues Regarding Economic Development 22-292 Negotiations in accordance with Section 551.087 of the Texas Government Code. 1. PNC Economic Development Agreement CERTIFICATION I hereby certify the above Notice of Meeting was posted on the bulletin board at the New Braunfels City Hall. _____________________________________ Board Liaison NOTE: Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services such as interpreters for persons who are deaf or hearing impaired, readers, or large print, are requested to contact the City Secretary’s Office at 221-4010 at least two (2) work days prior to the meeting so that appropriate arrangements can be made. City of New Braunfels, Texas Page 2 Posted On: 3/24/2022 4:21:42PM