Min - Economic Development Corporation - 2017 - 07/19 - RegularP,LLMI ECONOMIC DEVELOPMENT CORPORATION (AEDQ
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY, JULY 19,2017
Board
Michael Schaeffer
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Joey Herald
Chris Schulmeister
Tim Litinas - absent
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Staff
Daniel Bowman
David Ellis
Tracey Cline
Melissa Dixon
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Guests
Grace Chen
Anatoli Gorski
Annette Marrin
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With members Michael Schaeffer, Joey Herald and Chris Schulmeister in attendance, the Regular
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On a motion by Chris Schulmeister, seconded by Joey Herald, the Board unanimously approved the
Minutes of the June 21, 2017, Regular AEDC Board Meeting.
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Minutes of the Special Called AEDC Board Meeting on July 11, 2017.
On a motion by Chris Schulmeister, seconded by Joey Herald, the Board unanimously approved the
AEDC Quarterly Financial Reports for FY 2017.
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a. Consider Incentives for the Recruitment of Project Allow
b. Review and Discuss Plans for AEDC Land at SH121 and Stacy Road
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On a motion b, Joey Herald,
Director to negotiate and execute an amendment to the Incentive Agreement with IntelliEPIto
increase the first installment of the relocation grant to $200,000 and to eliminate the third installment
of the grant and to pay 50% of the road cost,not $240,000.
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Michael Schaeffer addressed the Board on the proposed agenda for the joint meetingi
City Council.
The . AEDC Board meeting is scheduled for Wednesday,1 11
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The Board would like to discuss the three acres of remaining AEDCboard -
Personnela of the Duties,, Performance,and
EmploAnent of the Executive Director:
AEDC,Ifeezing Alinwes
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Reconvene into Open Session
The Board reconvened into regular session at 10;12 p,tn,
13. Actions Resulting from Executive Session
On a motion by Joey Herald, seconded by Chris Schulmeister, the Board approved the increase oft
Executive Director's base salary to S 141,750, effective July 2, 2017.
14. A
ALoumment
On a motion by „Joey Herald, seconded by Chris Schuh-neister, the meeting was adjourned at 10:1
p.m.
These Minutes approved this 2V` day of September, 2017.
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Michael Schaeffer, President