Economic Development Corporation

FINAL - MINUTES OF THE NEW BRAUNFELS ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING OF TUESDAY, NOVEMBER 14, 2023 SPECIAL-CALLED MEETING AGENDA 1. CALL TO ORDER President Kathy Meurin called the meeting to order at 5:19 PM. 2. ROLL CALL Present: Kathy Meurin, Kristen Carden, Larry Hammonds, Don Austin, and Stuart Hansmann Absent: Brian Cox and Shane Hines 3. PRESENTATIONS A) Presentation of awards recognizing the dedication and service of Brian Cox and Stuart Hansmann to the New Braunfels Economic Development Corporation President Meurin introduced this item. Jeff Jewell, Economic and Community Development Director, presented Stuart Hansmann an award after 10 years of service to the New Braunfels Economic Development Corporation (NBEDC). The award commemorates his service, participation, and contribution throughout the past decade. President Meurin provided closing comments celebrating Stuart's dedication and understanding. A photograph was taken to commemorate the award. B) Presentation of commemorative shovels marking the groundbreaking of the Zipp Family Sports Complex on October 25, 2023 President Meurin introduced this item. Jordan Matney, Deputy City Manager, presented two commemorative shovels marking the groundbreaking of the Zipp Family Sports Complex on October 25, 2023. Ms. Matney awarded the NBEDC Board and the New Braunfels Chamber of Commerce each a shovel to celebrate their continued support for the project. President Meurin provided closing comments celebrating the teamwork shared between Tuesday, November 14, 2023 New Braunfels Economic Development Corporation Regular Meeting  multiple groups dedicated to the Sports Complex project. A photograph was taken to commemorate the award. 4. APPROVAL OF MINUTES A) Approval of the October 19, 2023 regular meeting minutes President Meurin introduced this item. Director Austin motioned to approve the October 19, 2023 regular meeting minutes. Director Carden seconded the motion which was approved unanimously. 5. CITIZENS' 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. None. 6. TREASURER'S REPORT A) Presentation and discussion of the November 2023 Treasurer’s Report President Meurin introduced this item. Jared Werner, Assistant City Manager, presented a Powerpoint addressing the November 2023 Treasurer's Report. Mr. Werner identified a 2.2% growth for the sales tax collections for the month of September; once the adjustments and audits were removed, the net increase comparing September 2022 and September 2023 was up by 2.4%. September is the last month of the 2023 fiscal year and overall collections were down 1.4%. Mr. Werner shared additional graphs and data to show projected revenues, current commitment projections, the projected capacity for additional expenditures, and the proposed ending fund balance to FY2025. 7. DISCUSSION AND ACTION 8. 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: Tuesday, November 14, 2023 New Braunfels Economic Development Corporation Regular Meeting  A) Deliberate issues regarding economic development negotiations in accordance with Section 551.087 of the Texas Government Code: 1. Project Care Package 2. Project Camp Unicorn 3. Project Viper 4. Project Lark 5. Project Lion Deliberate the pending/contemplated litigation, settlement offer(s), and matters concerning privileged and unprivileged client information deemed confidential by Rule 1.05 of the Texas Disciplinary Rules of Professional Conduct in accordance with Section 551.071 of the Texas Local Government Code: 1. Project Lion President Meurin introduced this item. Section two number 1 "Project Lion" was not read. The Board entered Executive Session at 5:31 PM. Items were discussed in the order of their appearance on the agenda. Section two number 1 "Project Lion" was not discussed. No action was taken. The Board returned to open session at 5:56 PM. 9. ADJOURNMENT President Meurin adjourned the meeting at 5:56 PM. By: ______________________________ KATHY MEURIN, PRESIDENT Tuesday, November 14, 2023 New Braunfels Economic Development Corporation Regular Meeting