Min - Economic Development Corporation - 2010 - 02/17 - RegularI
ALLEN ECONOMIC DEVELOPMENT CORPORATION (AEDC)
BOARD OF DIRECTORS
REGULAR MEETING
WEDNESDAY, FEBRUARY 17, 2010
Board
Staff
Guests
Tim Wood
Robert Winningham
Kevin Laughlin
Susan Bartlemay
Daniel Bowman
Peter Vargas
Gary Caplinger
Joey Herald
Maxine Sweet
David Hicks
Car( Clemencich - Absent
Erie Buskness
Lee Battle
Call to Order and Announce a
Ouomm Present
With a quorum of the Board present, the Regular Meeting of the Allen Economic
Development Corporation (AEDC) was called to order by President Tim Wood at
6:08 p.m. on Wednesday, February 17, 2010 at the AEDC Office.
1. Approval of Minutes of the January 20, 2010 Regular Meeting
On a motion by Gary Caplinger, seconded by Maxine Sweet, the Board unanimously
approved the Minutes of the January 20, 2010 Regular Meeting as presented.
2. Approval of Economic Development Agreement with Riggs & Williams L.P., d/b/a Gary
Riggs Interiors, L.
Daniel Bowman presented the proposed changes to the Economic Development Agreement
with Riggs & Williams, L.P., d/b/a Gary Riggs Interiors, L.P, including the company's
request for a 3 -year termination option in its 5 -year lease agreement. The company would
still be required to remain in Allen for a 5 -year period
On a motion by Maxine Sweet, seconded by Susan Bartlemay, the Board unanimously
approved the Economic Development Agreement with Riggs & Williams, L.P., d/b/a Gary
Riggs Interiors, L P
3. Convene into Closed Executive Session:
The Board convened into closed executive session at 6:13 p.m. to deliberate real property,
commercial and financial information and economic incentives for the following.
Febi uary 17,1010 - Page 2
• Consider Purchase of Land Located on SH 121 in Allen, Texas
• Consider Extension of Option to Purchase Approximately 76.599 Acres of Land Out
of the Francis Dosser Survey, Abst. No. 280 and George Fitzhugh Survey, Abst. No.
321, City of Allen, Collin County, Texas
• Consider Incentives for the Recruitment of Project Winter
• Consider Incentives for the Recruitment of Project Quick
• Consider Incentives for the Recruitment of Project Twist -Off
• Consider Incentives for the Recruitment of Project RG
Reconvene in Open Session
The Board reconvened into regular session 7:20 p.m.
4. Actions Resulting from Executive Session
On a motion by Bartlemay, seconded by Caplinger, the AEDC Board unanimously approved
extending the option to purchase approximately 76.599 acres of land out of the Francis Dosser
Survey, Abst. No. 280 and George Fitzhugh Survey, Abst. No. 321, City of Allen, Collin
County, Texas, for a period of 60 days.
1 5. Approval of AEDC Financial Reports
Daniel Bowman presented the AEDC Financial Reports. On a motion by Caplinger, seconded
by Bartlemay, the Board unanimously approved the AEDC Financial Reports as presented.
6. Discuss Administrative and Marketing Activities of the AEDC and Upcoming Local
Events
Robert Winningham updated the Board on the administrative and marketing activities of the
AEDC, noting that the AEDC is receiving a CiCi Award from Trade & Industry Development
Magazine for the Cisco data center project. The Cisco project is one of 15 projects selected
from across North America.
The February AEDC broker event at the Allen Event Center was canceled due to inclement
weather. However, the AEDC is inviting the individuals that were planning to attend the
February event to instead attend the March event
AEDC staff worked with a graphic design firm to develop a new AEDC logo, which
incorporates the AEDC website, AlienTx.com. The logo now looks similar to the City of
Allen logo, and will be instrumental in driving people to the AEDC website. Staff is also
working on new AEDC print ads for Texas publications.
All AEDC Board members and Allen City Council members are invited to attend the
upcoming Dallas Business Journal Best Real Estate Awards Banquet. A bus will pick up
Board and Council members at City Hall to take them to this event. The Allen Event Center
and the Cisco Production Data Center have been nominated for awards
P
F
Febraary 17 1010 - Page 3
The AEDC has advertised its intern position and the posting will be closing shortly.
Winningham noted that the intern should start by April 1"
7 AEDC Executive Director's Report Regarding Office Industrial Data Center, and Retail
Projects, and Local Partnerships
Robert Winningham did not report on any additional projects.
8. Scheduling of Next AEDC Board of Directors Meeting
The next AEDC Board meeting was scheduled for Wednesday, March 10, 2010 at
6'00 p.m.
9 Adioum
The meeting was officially adjourned on a motion by Susan Bartlemay, seconded by Gary
Caplinger, at 7 45 p.m.
These minutes approved this 24" day of March 2010.
Tim Wood, President
Carl Clemencich, Secretary/Treasurer