Min - Economic Development Corporation - 2016 - 08/03 - RegularALLEN ECONOMIC DEVELOPMENT CORPORATION (AEDC)
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY, AUGUST 3, 2016
Board
Scott Sutherland - Absent
Michael Schaeffer
Greg Kennedy
Joey Herald
Jeff Burkhardt
Peter Vargas
Staff
Daniel Bowman
David Ellis
Melissa Dixon
Tracey Cline
Pete Smith
Call to Order and Announce a Ouorum Present
Guests
Brian Doherty
Maulik Shah
Amy Jones
Kathy Litinas
Tim Litinas
Dr. Maroba Zoeller
Frank Poradish
Joe Lundgren
Joe Valent
Roger Frazier
With a quorum of the Board present with members 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 Vice President Schaeffer at 6:00 p.m.
on Wednesday, August 3, 2016, at the AEDC Office.
1. Approval of the Minutes of the July I3 2016 Regular AEDC Board Meeting
On a motion by Joey Herald, seconded by Jeff Burkhardt, the Board unanimously approved the
Minutes of the July 13, 2016, Regular AEDC Board Meeting.
2. Report on AEDC Office Industrial Data Center Retail and Business Retention Projects and
Update on the Status of Marketing Activities
Dan Bowman updated the Board on the status of current and upcoming projects.
3. Approval of AEDC Financial Reports
Greg Kennedy provided a brief summary of the financial reports to the Board.
On a motion by Jeff Burkhardt, seconded by Joey Herald, the Board approved the AEDC Financial
Reports as presented.
AFDC Meeting Minutes
August 3, 2016 - Page 2
4. 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:
a. Consider Incentives for the Recruitment of a Data Center to Area Near the Northwest
Quadrant of Stacy Road and US 75
The Board convened into closed session at 6:09 p.m.
Reconvene into Open Session
The Board reconvened into regular session at 6:45 p.m.
5. Actions Resulting from Executive Session
None.
6. Determine Next Meeting Date --r- September 7, 2016
The next AEDC Board meeting is scheduled for Wednesday, September 7, 2016, at 6:00 p.m.
7. Discussion of Future Agenda Items
None.
8. Adiournment
On a motion by Greg Kennedy, seconded by Joey Herald, the meeting was adjourned at
6:50 p.m.
These Minutes approved this 12`h day of September, 2016.
Scott Sutherland, President Michael Schaeffer, Vice President