Min - Economic Development Corporation - 2016 - 01/06 - RegularALLEN ECONOMIC DEVELOPMENT CORPORATION (AEDC)
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY, JANUARY 6, 2016
Board
Scott Sutherland
Michael Schaeffer
Greg Kennedy
Joey Herald
Jeff Burkhardt
Peter Vargas
Staff
Daniel Bowman
David Ellis
Melissa Reecer
Pete Smith
Call to Order and Announce a Quorum Present
Guests
Nick Summerville
Keith Van Arsdale
Derrick Evers
Lee White
Don Powell
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
6:00 p.m. on Wednesday, January 6, 2016, at the AEDC Office.
1. Approval of the Minutes of the December 2. 2015, RegularAEDC Board Meeting
On a motion by Joey Herald, seconded by Greg Kennedy, the Board unanimously approved the
Minutes of the December 2, 2015 Regular AEDC Board Meeting.
2. Approval of the Economic Development Agreement with Affiliated Physicians Holdings, LP
David Ellis presented the terms of agreement with Affiliated Physicians Holdings, LP (OrthoTexas)
for the medical office/surgery center.
Michael Schaeffer excused himself from discussion due to a conflict of interest.
On a motion by Joey Herald, seconded by Scott Sutherland, the Board unanimously authorized the
Executive Director to execute the economic development agreement with Affiliated Physicians
Holdings, LP as presented to the AEDC Board.
3. 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 Followin&.
a. Consider Development Strategy and Incentives for Watters Creek Office Park
The Board convened into closed session at 6:05 p.m.
AFDC Meeting Minutes
January 6. 2016 - Page 2
Reconvene into Open Session
The Board reconvened into regular session at 8:20 p.m.
4. Actions Resulting from Executive Session
None.
5. Overview of Proposed Allen Business Incubator
Dan Bowman and Ken Koo with The Bridge Alliance provided an introduction to a proposed small-
business incubator operation in Allen. The purpose would be to bring startup businesses into Allen
while exposing those businesses to a Iarger corporation, university resources and other services.
The Board appointed Joey Herald and Jeff Burkhardt to a sub -committee to review items related to the
incubator proposal.
6. Approval of AFDC Financial Reports
Greg Kennedy provided a brief summary of the financial reports to the Board.
On a motion by Joey Herald, seconded by Jeff Burkhardt, the Board unanimously approved the AEDC
Financial Reports as presented.
7. Re ort on AEDC Business Attraction and Business Retention Projects and Update on the Status of
AEDC Marketing Activities
Dan Bowman updated the Board on the status of current and upcoming projects.
8. Determine Next Meeting Date Februga 3 2016
The next AEDC Board meeting is scheduled for Wednesday, February 3, 2016, at 6:00 p.m.
9. Discussion of AEDC Board Retreat
Dan Bowman presented a list of dates and topics for the Board to consider in regard to an AEDC
Board Retreat for early 2016. The Board discussed potential dates for the retreat.
10. Discussion of Future Agenda Items
None.
AE'DC Meeting Minutes
January 6, 2016 - Page 3
11. Adjournment
On a motion by Scott Sutherland, seconded by Joey Herald, the meeting was adjourned at
9:07 p.m.
These Minutes approved this 3" day of February, 2016.
Scott Sutherland, President Michael Schaeffer, Vice President