Min - Community Development Corporation - 2013 - 02/18 - Regular® ALLEN COMMUNITY DEVELOPMENT CORPORATION
BOARD MEETING
MINUTES
FEBRUARY 18, 2013
Board of Directors:
George Chrisman, President
Richard Kessler, Vice -President
Chris Schulmeister, Secretary
Ross Obermeyer
Lonnie Simmons (A)
Tommy Baril
Rebecca Tudor (Arrived at 7:11 p.m.)
City Statf:
Peter H. Vargas, City Manager
Kevin H.vnmeke, Chief Finance Officer, Finance Department
Brian Bristow, Assistant Director, Parks and Recreation Department
Donna Ludwig, Senior Administrative Assistant, City Manager's Office
1) Call to Order and Announce a Quorum is Present
With a quorum of the Community Development Corporation Board present, President
Chrisman called the 4iecting to order at 7:00 p.m. on Monday, February 1& 2013, in the
Council Conterence Room.
2) Approve Minutes of the January 21, 2013, Meeting
Motion: Upon a motion by Board Member Schulmeister and a second by Board Member
Kessler, the Board voted five (5) for and none (0) opposed to approve the minutes from the
January 21, 2013, meeting. The motion carried.
Board Member Tudor took her seat at the Board table
3) Seemed Amended and Restated Project Reimbursement Agreement ("Agreement') made
by and between the Allen Community Development Corporation ("ACDC") and Watters
Creek Owner, GLC, a Delaware limited company Successor to Coventry 11
DDR/Trademark and Montgomery Farm L.P., a Texas limited partnership ("Watters
Creek")
Motion: Upon a motion by Board Member Obermeycr and a second by Board Member
Haril, the Board voted six (6) for and none (0) opposed to approve the Second Amended and
Restated Project Reimbursement Agreement. The motion carried.
Community Development Corporation
Board Meeting
February 18, 2013
1 4) Other Business
a) Sales Tax Analysis
b) Balance Sheet
c) Discussion of Completed Approved Project Status Report
d) Discussion of Active Project Status Report
e) Discussion of Project Status Report
• Update by Brian Bristow, Assistant Director of Parks and Recreation
o Allen Heritage Village
o Status on The Courses at Watters Creek
t) Discussion of Project Map
Page 2
g) Items of Interest [Board announcements regarding local civic and charitable events, meetings,
fundraisers, and aa,ar& ]
• Community Calendar
• Next Meeting— March 18,2013,7 00 p.m. —Town Hall Meeting
• Tour of Projects — May 20, 2013, 6:00 p.m.
5) Adjourn
Motion: Upon a motion by Board Member Bari] and a second by Board Member Kessler,
the Board voted six (6) for and none (0) opposed to adjourn the meeting at 8:22
p.m. The motion carried.
These minutes approved on the 18th day of March, 2013.
Geo ge Chrisman, PRESIDENT Chris Schu isteq SECRETARY