Min - Economic Development Corporation - 2016 - 02/03 - RegularALLEN ECONOMIC DEVELOPMENT CORPORATION (AEDC)
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY, FEBRUARY 3, 2016
Board
Scott Sutherland
Michael Schaeffer
Greg Kennedy
Joey Herald
Jeff Burkhardt
Peter Vargas
Staff
Daniel Bowman
David Ellis
Tracey Cline
Pete Smith
Call to Order_ and Announce a Quorum Present
Guests
Steve Coffinan
Steve Berger
Robert Vanman
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
6:02 p.m. on Wednesday, February 3, 2016, at the AEDC Office.
1. Approval of the Minutes of the January 6, 2016. Regular AEDC Board Meetine
On a motion by Greg Kennedy, seconded by Joey Herald, the Board unanimously approved the
Minutes of the January 6, 2016 Regular AEDC Board Meeting.
2. Presentation of AEDC Website Launch
Nichole Vance demonstrated the newly-Iaunched AEDC website for the 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 Following and Pursuant to Texas Local Government
Code, Section 551.072 Deliberation Regarding Real Property (the executive session for
deliberation for real property pertains to item 3(e)):
a. Consider Incentives for the Retention and Expansion of Project Grizzly
b. Consider Incentives for the Retention and Expansion of Project Timekeeper
c. Consider Incentives for the Expansion of Jack Henry & Associates and Support for
Company's Texas Enterprise Zone Application
d. Consider Incentives for the Recruitment of a Data Center to Area Near the Northwest
Quadrant of Stacy Road and US 75
e. Consider Development Strategy and Incentives for Watters Creek Office Park and the
Sale of Real Property Within the Park
The Board convened into closed session at 6:13 p.m.
AEDC Meeting Minutes
February 3, 2016 m Page 2
Reconvene into Open Session
The Board reconvened into regular session at 8:44 p.m.
4. Actions Resulting from Executive Session
None.
5. Approval of AEDC 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.
6. Report 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.
7. Determine Next Meeting Date-- February 29, 2016
The next AEDC Board meeting is scheduled for Monday, February 29, 2016, at 6:00 p.m.
8. Discussion of AEDC Board Retreat
On a motion by Greg Kenney, seconded by Joey Herald, the Board unanimously agreed that the
AEDC Board Retreat be scheduled on Saturday, February 27, 2016 at 8:00 a.m.
9. Discussion of Future Aizenda Items
None.
10. Adjournment
On a motion by Scott Sutherland, seconded by Joey Herald, the meeting was adjourned at
8:59 p.m.
AFDC Meeting Minutes
February 3, 2016 -Page
These Minutes approved this 291h day of February, 2016.
Scott Sutherland, President Michael Schaeffer Vice
�� President