Min - Economic Development Corporation - 2019 - 04/17 - Regular ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY,APRIL 17, 2019
Board Staff Guests
Michael Schaeffer Daniel Bowman Keith Jones
Jeff Burkhardt David Ellis Eric Cannon
Tim Litinas Tracey Cline Eric Ellwanger
Baine Brooks Eileen Gonzales Prashant Diggikar
Peter Vargas Wayne Emerson Aditi Diggikar
Nicole Bywater Brant Landry
Pete Smith Reid Caldwell
Call to Order and Announce a Ouorum Present
With members Michael Schaeffer,Jeff Burkhardt, Tim Litinas, and Baine Brooks in attendance, the
Regular Meeting of the Allen Economic Development Corporation (AEDC) Board of Directors was
called to order by President Schaeffer at 6:00 p.m. on Wednesday, April 17, 2019, at the Allen
Economic Development Corporation.
1. Approval of Minutes of the Regular AEDC Board Meeting on March 20 2019
On a motion by Tim Litinas, seconded by Baine Brooks, the Board unanimously approved the minutes
of the March 20, 2019 Regular AEDC Board Meeting.
2. Approval of Quarterly AEDC Financial Reports
Eric Cannon presented the Quarterly AEDC Financial reports.
On a motion by Baine Brooks, seconded by Jeff Burkhardt, the Board unanimously approved the
Quarterly AEDC Financial Reports as presented.
3. Consider Approval of Amendment to Economic Incentive Agreement with Brass Roots Holdings
LLC and Gillett Commercial Limited Liability Company.
Dan Bowman updated the Board on the agreement. On a motion by Baine Brooks, seconded by Tim
Litinas, the Board unanimously approved the Amendment to Economic Development Incentive
Agreement with Brass Roots Holdings LLC and Gillett Commercial Limited Liability Company as
presented.
AFDC Meeting Minutes
April 17, 2019-Page 2
4. 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 Re arding Real Property:
a. Consider Incentives for the Recruitment of Project Race Car
b. Consider Incentives to Support Local Company A
c. Consider Incentives to Support Local Company B
d. Consider Support for Office Development on SH 121
e. Consider Incentives for the Recruitment of Project Tower
The Board convened into closed session at 6:12 p.m.
A break was taken between 7:46 p.m. and 7:54 p.m.
Reconvene into Open Session
The Board reconvened into open session at 8:31 p.m.
5. Actions_Resulting from Executive Session
On a motion by Baine Brooks, seconded by Jeff Burkhardt, the Board unanimously approved
authorizing the Executive Director to negotiate and execute on behalf of the AEDC an Incentive
Agreement with Cytracom in the amount of$170,000, to be paid in two installments, and an additional
$2,500 per employment position above base employment positions, not to exceed $362,500.
On a motion by Tim Litinas, seconded by Baine Brooks, the Board unanimously approved authorizing
the Executive Director to negotiate and execute on behalf of the AEDC an Incentive Agreement with
JW Nutritional to provide an expansion grant of up to $40,000 to be paid based on $1,000 per
additional employment position above 120 employment positions over a three year term.
On a motion by Jeff Burkhardt, seconded by Baine Brooks, the Board unanimously approved
authorizing the Executive Director to negotiate and execute a professional services contract with Halff
Associates for an infrastructure study for$41,000.
6. Determine Next Regular Meeting Date
The next AEDC Board meeting was scheduled for Wednesday, May 15, 2019 at 6:00 p.m.
7. Discussion of Future Agenda Items
None.
AEDC AJeeting Afinutes
April 17, 2019-Page 3
8. Adjournment
On a motion by Baine Brooks, seconded by Tim Litinas, the meeting was adjourned at 8:35 p.m.
These Minutes approved this 15'h day of May 2019.
Michael Schaeffer, President Tim Litinas, Secretary/Treasurer