Min - Economic Development Corporation - 2015 - 11/04 - RegularBoard
Scott Sutherland
Michael Schaeffer
Greg Kennedy
Joey Herald
Jeff Burkhardt
Peter Vargas
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY, NOVEMBER 4,2015
Staff
Daniel Bowman
David Ellis
Melissa Reecer
Nichole Vance
Pete Smith
Call to..Ordcr and Announce a Quorum Present
Guests
Chris Curtis
With a quorum of the Board present with members Scott Sutherland, Michael Schaeffer, Greg
Kennedy, Joey Herald and Jeff Burkhardt in attendance, the Regular Meeting of the Allen Economic
Development Corporation (AEDC) Board, of Directors was, called to order by President Sutherland at
6:03 p.m. on Wednesday, November 4, 2015, at the AED�C Office.
ME =-romnown I #-
On a motion by Joey Herald, seconded by Michael Sichaleffer, the Board unanimously approved the
Minutes of the October 7, 2015 Regular AEDC Board Meeting.
2. Overview of AEDC Marketing Strategy fFY 20116
Nichole Vance gave a presentation on the Marketing strategy for FY 2,0116 and the focus of the AEDC
onstrategic positioning in the coming fiscal year.
3. Apmo—yatpf First Amendment to Economic Development Agreement with TCH Altera AH C' P1
Dan Bowman requested that the Board approve the amendment to the Economic Development
Agreement with TCH Altera. The amendment reflects timeline revisions for the project.
On a motion by Greg Kennedy, seconded by Michael'Schaeffer, the Board unanimously approved the
First Amendment to the Economic Development Agreement with TCH Altera AHCC LP.
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David Ellis requested that the Board approve the Economic Development Agreement with
Championship Sports Group, Inc. This agreement was drafted based on terms, previously reviewed by
the AEDC Board and will assist the: Texas Revolution, indoor football team in locating their office to
Allen.
AEDC Meeting Minaws
November 4.2'015 - Page 2
On a motion by Joey Herald, seconded by Jeff Burkhardt, the Board unanimously approved the
Economic Development Agreement with Championship Sports Group,, Inc.
5. Q
avenelased Executive Session. Pursuant to Texas Governmcnt Code, Section 551.087.•
.-g.J.,t
Deliberation of Economic Develol2ment Negotiations; To Deliberate Commercial and Financial
Information and Economic Incentives for the Following:
a. Consider Incentives to Recruit Project Goldfinger to a Location on the US 75 Corridor
b., Consider Incentives to Recruit Project Moonraker to a Location on the US 75 Corridor
c. Consider Development Strategy and Incentives for Watters Creek Office Park
d. Consider Incentives for the Expansion of a Local, Business,
I
The Board reconvened into regular session at 8:08 p.m.
6, Actions Resulting from Executive Session
RM
7. Approval of AEDC Financial Reports
Greg Kennedy presented the financial reports 'to the Board. Sales tax revenue for the month of
September was 2% under budget. Sales tax revenue for October was 3% under budget. Kennedy
discussed the status of upcoming, grant payments.
On a motion by Joey Herald, seconded by Jeff Burkhardt, the Board unanimously approved the ,EDC
Financial Reports as presented.,
8. Raort on AEDC Office, Industrial, Data Center, Retail, and Business Retention Proiects and
Update on the $to of AEDC, Marketing Acti vities
Dan Bowman updated the Board on the status of current and upcoming projects.
9. Determine Next Meeting Date - December 2, 20 15
The next AEDC Board meeting is scheduled for Wednesday, December 2, 2015, at 6:00 p.m.
AEDC Meethig Minuies
Noveniber 4, 2015 - Page 3
10. Discussion of Future Agenda Items
Scott Sutherland requested that a closed session related to the discussion of personnel be added to the
December Agenda.
11. Adjournment
On a motion by Scott Sutherland, seconded by Greg Kennedy, the meeting was adjourned at
8:20 p.m.
These Minutes approved this 2'a of December, 20,15.
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Scott Sutherland, President Michael Schaeffer, Vice President