Min - Economic Development Corporation - 2015 - 09/09 - RegularFa
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY, SEPTEMBER9,21015
Board
iScott Sutherland
�Mi�chael --S-6z0f&-r
Greg Kennedy
Joey Herald
Jeff Burkhardt
Peter Vargas
54MEME1110111 12MMI
INN -9 M-OrTiM
David Ellis
Melissa Reecer
Pete Smith
Guests
Gene Babb
Fred Hazel
&&��l
11 1108 11mgm III ma;mLymm
On a motion by Joey Herald, seconded by Jeff Burkhardt, the Board unanimously approved the
Minutes of the August 5, 2015, Regrular AEDC Board Meeting.
On a motion by Joey Herald, seconded by Jeff Burkhardt, the Board unanimously approved the
Minutes of the August 18, 2015, Special-Callie,d AEDC Board Meetin&
3. Consider Releasing. Andrews Distributing Company from the Terms of the Restriction i... f.
Covering Lot 3. Block & Allen Station Business Park, Phase III
Daniel Bowman updated the Board on the status Restri cti�on Agreement covering plortions of Allen
Station Business, Park that restricts multifamily development in the area.
unuff 1114.11)AII.&J ---- -------
INNIS11 [WI1 0#11.11,1101141 1 oil 1 I III
AEDC Afeeting Minwes
September 9, 2015 - Aige 2
Board members inqui 'red about how current AEDC impact measurements compare to local competing
cities and, past AEDC Performance. They also inquired about the differences in impact among
various types of industries. Morris and AEDiC staff indicated that they would investigate these tolpics
further.
5. Convene into Closed Executive Session: Pursuant to Texas Government Code—Section 55 1.0
Deliberation of E�c ' onornic Development Negotiations; To, Deliberate Commercial and Financial
Information and Economic Incentives for the Following.
119�IKAQIIIII 11 [go WMIrg &It I I IN I I In I WN I UNTMIN UI will I I I t -4m I it' ['W'!jM*jL4M ME
,MIR I I
The Board convened into closed session at 6:i42 p.m.
R=
Greg Kennedy presented the firrancials to the Board for the! mo�nth o�f July. Sales, tax revenue for the
month of July was below budget by 611"0.
III FIRMER 1! 1111111g�
0 11 ��. I I■Q 1 11 AI M17111111iIiiiI saru Inantmo
AEDC Financial Reports as presented.
UMIII NOMML4MMArMEWTIn M
P -1110M, RIMI&M,
ME
I=! = tt 11
The next AEDC Board meeting is scheduled for Wednesday, October 7, 2015, at 61,:001 p.m.
RM,
On a motion by Joey Herald, seconded by Greg Kennedy, the meeting was adjourned at
8:2 0 p.m.
..... . . ............ ... . .. . ........ . ...... ............ ..
Scott Sutherland, President ent