Min - Economic Development Corporation - 2014 - 02/20 - Special CalledALLEN ECO NOM ICDEVELOPM ENT CORPORATION (AFDC").
BOARD OF DIRECTORS SPECIAL CALLED MEE'll"ING
THIMSDAY,FEBRUARY 20, 2014
Board Staff Guests
Scott Sutherland Dan Bowman Bo Bass
Michael Schaeffer John Scrivell Lee Battle
Greg Kennedy Pete Smith Don Powell,
Joey Herald Murl Richardson
Jeff Burkhardt Jason Hanson
Joseph Hilliard
Karen Cromwell
Dale Ray
Jeff Wood
Cornell I-Iolmes
Call oto Order and Annoigice a_Quormn Present
With aquonirn of the Board present with menibers, Scott Sutherland, Michael Schaeffer and Greg
Kennedy in attendance, the Special Called Meeting of the Allen Economic 1` evc1opment Corporation
(A C) Board of Directors was called to order by President Scott Sutherland at 3!07 p.m. on
Thursday, Fcbruary 20, 2014 at the AEDC Office. Joey Herald arrived at 4:06 PM and,Je�ff
Burkhardt arrived at 5:07 PM.
1. Reiresentatives of Real Estate Advisors will make a Presentation and Conduct
1 _1jgn
Chargttgfortheev to rrrertl crf A1lc ra C.q!itial Park ---- P�Li ici rat lntacrductlQnq
Introductions were niadc with participation from the Al DC Board, furl Richardson, DaIeRay arid
jeff Wood with Peloton Real Estate Advisors, Don, Powell, Joseph Hilliard and Jason. Hanson with
Boka Powell Architects, Coniell Holmes with Trademark Property Company, AEDC Attorney Pete
Smith, Bo Bass and Lee Battle with the City of Allen, Karen Crornwell with Ihe Allen Convention
an(] Visitors BurCaLl and Dan Bowman and John Scriven with the AL C.
2. Over -view of Charette Q!jectjyes
Don Powel.] and Murl Richardson presented the history and overview of the development plans for
Allen Central Park. The purpose of the charette is to determine a collective vision and establish as
priority list of goals and obJectives for the project.
I Site Overview — Entitlements and Influences
rhis area of Al len is zoned PD -55 which includes 109 acres and a] lows (br office, retail, light
industrial, hospital and commercial, Regarding the AE DC -owned ],and, about 14 acres are located
west of Central Park Avenue with as little less than 10 acres on the cast side. Cornniercial office
zoning on this property zdlo,wsfor office, retail and hotel with a special use permit.
AEDC'Specicil Called ilkeling Minutes
Feb�'war-y 20, 2014 - Page 2
4. Proposed Land Uses — Height and agLILsily
Setbacks for the property were presented by Joseph Hilliard, Building height is limited to 80 feet or
about 6 stories with lot coverage of 50 -percent.
It is assumed that zoning could change to allow for taller buildings, Dan Bowman indicated that the
City of Allen would be willing to consider changing the cun'eilt zoning to allow for higher buildings
that fit the AEDC's strategic vision for the property.
5. Inspiration and Current Master Plan
Don Powell shared that the current master plan has evolved over several, years of planning efforts. A
site design option with a hotel and conference center and five office buildings has been prov ided for
Board consideration.
The frontage along US 75 would be utilized to maximize the identity of as full-service hotel that
would serve as a significant architectural component of the park, Phase I plans could includean
8 -story of building that would optimize exposure for the office building from the freeway.
6, Charette Work Session, A:
• Explore impact of the Conference Center size on Master Plan
• Explore connectivity between Central Park and Watters Creek
• Explore supplemental transportation options
Recap Work Session A findings:
Don Powell mentioned that the ballroom could be built oil top of the parking garage tea allow for more
density. The Board should balance the need for density in the park with the desire to create an
attractive destination with adequatc green space to attract people to the park.
'rho concept of connecting Walters Creek to Allen Central Park was discussed. The Board
considered options for partnerships between the City of Alen, SEDC and Watters Creek that could
facilitate the construction of a pedestrian connection across Bethany Drive.
7. Charette Work Session .-B-
• Explore Sky Bridge was Tunnel connection to Watters Creek
• Explore Walters Creek Enhancements to strerigthen pedestrian link
• Explore supplemeiitail'tt-ati,spoi-tatioii options
AEDCSpecial ( ' 'alledWcWcy
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February 20, 2014 - Pagu 3
Recap Work Session B findings:
I
There are several options for connecting Allen Central Park to Watters, Creek, Connecting, the two
parks with an underground tunnel would be cheaper, but could cause a security issue and have
perceived concerns, The Board preferred building a sky bridge over Bethany, since the bridge could
serve as a showpiece. Establishing trolley service between the two parks Would be another option;
bike Ian" should also be considered.
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8. C,onvcnc into Llosed Executive Session: Pursuant toTcxas Government Code, Section 551.071
For the Purpose of Seeking Confidential L" -al Advice froni.AEDCs General Counsel on an
enda Iter Listed: Seek Confidential Legal Advice from AEDCs General Counsel regarding
Development and Option Purchase Agreement with Peloton Real Advisors, Inc:
The Board convened into closed executive session at 3:46 p.m.
Reconvene into Open Session
The Board reconvened into regular session at 4:16 p.m,
9. Actions Resulting from Executive Session
No action taken
1.0. kA�d'qurnment
On a motion by Greg Kennedy, seconded by Joey Herald, the meeting was adjourned at
6:03 p,ni-
These Minutes approved this 12"' day of March, 2014.
Scott Sutherland, President Michael Schaeffer, Vice President