Min - Economic Development Corporation - 2017 - 03/27 - Special CalledALLEN ECONOMIC DEVELOPMENT CORPORATION (AEDC)
BOARD OF DIRECTORS SPECIAL CALLED MEETING
MONDAY, MARCH 27, 2017
Board
Michael Schaeffer
Chris Schulmeister
Jeff Burkhardt - absent
Joey Herald
Tim Litinas
Peter Vargas
Staff
Daniel Bowman
David Ellis
Tracey Cline
Pete Smith
Call to Order and Announce a Ouorum Present
Guests
With a quorum of the Board present with members Michael Schaeffer, Chris Schulmeister, Joey
Herald and Tim Litinas in attendance, the Special Called Meeting of the Allen Economic Development
Corporation (AEDC) Board of Directors was called to order by President Schaeffer at 6:00 p.m. on
Monday, March 27, 2017, at the AEDC Office.
1. 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 Government Code
Section 551.072; Deliberation Regarding Real Property:
The Board convened into closed session at 6:01 p.m.
a. Consider Incentives to Support the Recruitment of Project Kathryn
Reconvene into Oven Session
The Board reconvened into regular session at 6:24 p.m.
2. Actions Resulting from Executive Session
On a motion by Joey Herald, seconded by Tim Litinas, the Board unanimously authorized the AEDC
Executive Director to negotiate and execute an incentive agreement with NetScout for a site located at
Montgomery Boulevard and US 75.
3. Adjournment
On a motion by Joey Herald, seconded by Tim Litinas, the meeting was adjourned at 6:25 p.m.
AEDC Meeting Minutes
March 27, 2017 - Page,
These Minutes approved this 19'h day of April, 2017.
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Michael Schaeffer, President