Min - Economic Development Corporation - 2019 - 07/30 - Special CalledC
Board
Michael Schaeffer
Jeff Burkhardt
Tim Litinas
Baine Brooks
ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS SPECIAL CALLED MEETING
TUESDAY, JULY 30, 2019
Staff
Daniel Bowman
David Ellis
Nicole Bywater
Kevin Laughlin
Call to Order and Announce a Quorum Present
Guests
Eric Ellwanger
Melanie Hughes
With members Michael Schaeffer, Jeff Burkhardt, Tim Litinas, and Baine Brooks in attendance, the
Special Called Meeting of the Allen Economic Development Corporation (AEDQ Board of Directors
was called to order by President Schaeffer at 8:00 a.m. on Tuesday, July 30, 2019, at the Allen
Economic Development Corporation.
1. Convene into Closed Executive Session: Pursuant to Texas Government Code. Section 551.087,
Deliberation of Economic Development Negotiations; To Deliberate Commercial and Financial
Information and Economic Incentives for the Following and Pursuant to Texas Government Code.
Section 551.072 Deliberation Regarding.Real..Property:
a. Consider Purchase of Real Estate from the United States Postal Service
b. Consider Sale of Real Estate to the [United States Postal Service
The Board convened into closed session at 8:01 a.m.
Reconvene into Open Session
The Board reconvened into open session at 8:11 a.m.
2. Actions Resulting from Executive Session
On a motion by Tim Litinas, seconded by Baine Brooks, the Board unanimously approved authorizing
the Executive Director to negotiate and execute an agreement with the United States Postal Service to
purchase the property located at 304 W Boyd Street in accordance with the terms presented and to sign
such other documents as necessary to close on said purchase.
On a motion by Baine Brooks, seconded by Tim Litinas, the Board unanimously approved authorizing
the Executive Director to sell to the United States Postal Service the property described as Lot 4R,
Block 3, Millennium Business Park pursuant to the agreement presented to the Board at this meeting
and to sign such other documents as necessary to close on the sale of such property.
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AEDC Meeting Minutes
July 30, 2019 - Page 2
3. Consider Approval of First Supplementary Declaration of Protective Covenants for Allen Central
Business Park
Daniel Bowman updated the Board on the Protective Covenants for Allen Central Business Park. On a
motion by Tim Litinas, seconded by Baine Brooks, the Board unanimously approved authorizing the
Executive Director to execute and record such documents as may be necessary to act on behalf of
AEDC as Declarant to de -annex the property described as Lots 3R and 4R, Block 3, Millennium
Business Park, an Addition to the City of Allen, Collin County, Texas, from the Declaration of
Protective Covenants relating to Allen Central Business Park.
4. Adjournment
On a motion by Baine Brooks, seconded by Tim Litinas, the meeting was adjourned at 8:16 a.m.
These Minutes approved this 14'h day of August 2019.
Michael Schae er, President
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Tim Litinas, Secretary / Treasurer