Arts of Collin County - 2010 - 03/04ARTS OF COLLIN COUNTY COMMISSION, INC.
BOARD OF DIRECTORS
SPECIAL CALLED MEETING
March 4, 2010 — 8:30 AM
Board of Directors:
Present:
Bobby Baggett, President
Betty Bell Muns, Fite President
Charles Nies, Secretary
Jim nhnvard, Director
Craig Sundell, Director
Absent:
Nick Batretta, Treasurer
Sandra Yancey, Director
ACCC Staff:
E. Michael Simpson, Executive Director
Mary Fail -Grube, Administrative Director
Jennifer Kirby, Sr. Administrative Assistant
Tom Brandt, ACCC Attorney
Owner City Staff:
Frank Turner, City of Plano
Henry Hill, Cite of Frisco
Call to Order and Announce a Quorum is Present
With a 9uonun of the Board of Directors present, the Special Called Meeting of the Arts of Collin
County Commission, Inc. was called to order by President Baggett at 8:30 a.m. on Thursday, March 4,
2010 in the Council Conference Room at Allen City Hall, 305 Century Parkway, Allen, Texas
Consent
There were no items on the consent agenda.
Executive Session
In accordance with the Texas Government Code, the Arts of Collin County Commission convened into
Executive Session at 8:36 a.m. on Thursday, March 4, 2010, in the Council Conference Room, 305
Century Parkway, Allen, Texas, in order to discuss matters pertaining to:
ISection 551 071 — Legal — Bid Negotiations and Contract Negotiations
The Executive Session adjourned at 9:20 a.m. on Thursday, March 4, 2010.
ARTS OF COLLIN COUN'T'Y COMMISSION, INC.
SPECIAL CALLED MEETING
March 4, 2010 Page 2 of 3
1. Reconvene and Consider Action on Items Discussed during Executive Session.
The Board of Directors reconvened into regular session at 9:23 a.m. on Thursday, March 4, 2010,
in the Council Conference Room of the Allen Ciry Hall.
There was no action taken on items discussed during Executive Session.
2. Authorize the Executive Director to enter into an Agreement for the City of Allen to
Provide a Guarantee of a Construction Line of Credit to the Arts of Collin County
Commission, Inc. through a financial institution, in an amount not to exceed $5 million.
(Mike Simpson, Executive Director)
MOTION: Upon a motion made by Director Mmyard, and a second by Vice President Mans, the
Board of Directors voted five (5) for and none (0) opposed to Authorize the Executive
Director to enter into an Agreement for the City of Allen to Provide a Guarantee of a
Construction Line of Credit to the Arts of Collin County Commission, Inc. through a
financial institution, in an amount not to exceed $5 million. The motion earned.
1 3. Authorize the Executive Director to enter into an agreement with a financial institution to
secure a construction line of credit, guaranteed by the City of Allen, in an amount not to
exceed $5 million as approved by legal counsel. (Mike Simpson, Executive Director)
MOTION: tTpon a motion made by Vice President Muns, and a second by Secretary Nies, the
Board of Directors voted five (5) for and none (0) opposed to Authorize the Executive
Director to enter into an agreement with a financial institution to secure a construction
line of credit, guaranteed he the City of Allen, in an amount not to exceed $5 million as
approved by legal counsel The motion carried.
Public Comment
4. General Discussion.
There were no comments.
MOTION: Upon a motion made by Director Mmyard, and a second by Secretary Nies, the Board of
Directors voted five (5) for and none (0) opposed to adloum the Special Called Meeting
of the Arts of Collin County Commission, Inc. at 9:30 a.m. on'I'hursday, March 4, 2010.
The motion carried.
ARTS OF COLLIN COUNTY COMMISSION, INC.
SPECIAL CALLED MEETING
Match 4, 2010 Page 3 of 3
These minutes approved on this 2day of tNO, f �� , 2010.
ATTEST:
l `�IC_�•a.�. 1L'h__
Charles Nies, SECRETARY
P
APPROVED:
Bobby B .11y,PREr1DFAT