Min - Economic Development Corporation - 2016 - 09/12 - RegularALLEN ECONOMIC DEVELOPMENT CORPORATION (AEDC)
BOARD OF DIRECTORS REGULAR MEETING
MONDAY, SEPTEMBER 12, 2016
Board
Scott Sutherland
Michael Schaeffer
Greg Kennedy - Absent
Joey Herald
Jeff Burkhardt
Peter Vargas
Staff
Daniel Bowman
David Ellis
Melissa Dixon
Tracey Cline
Pete Smith
Call to Order and Announce a Quorum Present
Guests
Chris Curtis
Chuck Daniels
Brian Doherty
Roger Frazier
With a quorum of the Board present with members Scott Sutherland, Michael Schaeffer, Joey Herald
and Jeff Burkhardt in attendance, the Regular Meeting of the Allen Economic Development
Corporation (AEDC) Board of Directors was called to order by President Sutherland at 6:00 p.m. on
Monday, September 12, 2016, at the AEDC Office.
1. Approval of the Minutes of the August 3, 2016, Regular AEDC Board Meetins
On a motion by Joey Herald, seconded by Jeff Burkhardt, the Board unanimously approved the
Minutes of the August 3, 2016, Regular AEDC Board Meeting.
2. Approval of the Minutes of the August 17, 2016, Special Called AEDC Board Meeting
On a motion by Michael Schaeffer, seconded by Joey Herald, the Board unanimously approved the
Minutes of the August I7, 2016, Special Called AEDC Board Meeting.
3. Convene into Closed Executive Session: Pursuant to Texas Government Code, Section 551.087,
Deliberation of Economic Development Negotiations, To Deliberate Commercial and Financial
Information and Economic Incentives for the Following and Pursuant to Texas Local Government
Code, Section 551.072 Deliberation Regarding Real Property (The Executive Session for
Deliberation for Real Property Pertains to Item 3(c)):
a. Consider Incentives for the Recruitment of Project Goldfinger
b. Consider Incentives for the Retention and Expansion of Local Business
c. Consider Purchase of Property and Other Support for Project Service
The Board convened into closed session at 6:02 p.m.
Reconvene into Oven Session
The Board reconvened into regular session at 7:17 p.m.
AFDC Meeting Minutes
September 12, 2016 - Page 2
4. Actions Resulting from Executive Session
On a motion by Joey Herald, seconded by Michael Schaeffer, the Board unanimously authorized the
AEDC Executive Director to negotiate and execute a purchase and sale agreement with Allen
Community Outreach (ACO) for the purchase of 301 West Boyd, Allen, TX and for a lease back of
the property to the ACO, and any related documents.
Sn a motion by Joey Herald, seconded by Jeff Burkhardt, the Board approved the AEDC Financiai
I' p/ as presented.
6. Report on AEDC Office, Industrial, Data Center, Retail, and Business Retention Proiects and
U12date on the Status of Marketing Activities
Bowman also announced to the Board that Nichole Vance had resigned her position at the AEDC as
Marketing Manager and had accepted a position at the Round Rock Chamber of Commerce as
Director of Business Attraction.
7. Determine Next Meeting Date - October 5, 2016
WITIT-3
WE a motion y 'coft —utfieriand, seconded by JeA-13M.tiardt, the meeting was adjourned at
7:35 p.m.
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Michael Schaeffer, President
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Ch Schulmeister, Vice President