Min - Economic Development Corporation - 2015 - 02/20 - Special CalledMichael Schaeffer
Greg Kennedy
Joey Herald
Jeff Burkhardt
Peter Vargas
VELOPM ENT CORPORATION (AEDC)
BOARD OF DIRECTORS SPECIAL CALLED MEETING
FRIDAY, FEBRUARY 20,2015
Staff
Dan Bowman
David Ellis
Melissa Reecer
Kevin Lau_gLU
"10111 1 r, r" I I =.1
Cr'v'q 1' "Wer L)J: 14:
on Friday, February 20, 2015, at the AEDC Office.
Guests
Chris Flanigan
I , Consider Incentives to Support .Sentinel Canital LLC. with the Development of AllenPlace
office2cgmplex
Daniel Bowman opened the discussion by sharing that Sentinel Capital has requested a number of
changes to the original plans for AllenPlace Office Complex. These changes include alterations to the:
steel elements on the office building, industrial building, and test tower, as well as the concrete panels
and loan wal Is.
Joey Herald inquired about the landscaping and how far back the property is set from MilIcnium
Drive. Peter Vargas and Chris Flanigan stated that it sits back. 25 feet from the road and the project
will be incorporating a masked pavement surface called "grass-crete," Flanigan said that the
developer has not requested changes to the landscaping plan,
It was indicated that the Board could consider incentivizing Sentinel with an allowance to reimburse
the developer for, costs incurred to add several architectural elements back into the, plans. The funds
provided could be for adding LED lights, form liners to the back of the buildings and facing Century
Parkway, and increasing the cap size at the top of the test tower from 91 inches to 14 inches for
prominence. Peter Vargas added that the City Council's primary concem is that the elevator test -
tower be attractive.
ft was stated that Sentinel has agreed that if the plan revisions are accepted, the project would be
under construction within 30 days,. The City Council could be amenable to having fewer architectural
features if that is what it takes fbr the project to procced. Chris Flanigan added that they are trying t�o
get the new plans back to the original plans as closely as possible.
It was indicated that Sentinel Capital has not requested any additional funding, from the AEDC; at the
request of the city, the AEDC is proactively consider an incentive, to help improve the attractiveness
of the buildings.
AEDC Ali eling Minutes
F�,bnoaq 20, 2015 - Page 2
Bownian added that Sentinel Capd him that they have eliminated their development
imp I 1 4
On a motion from Joey Herald, seconded by Greg Kennedy, the Bioard approved, with a vote of,3 in
favor and I opposed, to, authogotiate and execute with Sentinel
On a motion by Greg Kennedy, seconded by Joey Herald, the meeting was adjoumed at
4:49 p.m.
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cott Sutherland, President Michael, Schaeffer, Vice President