HomeMy WebLinkAboutMin - Economic Development Corporation - 2018 - 01/17 - RegularALLEN ECONOMIC DEVELOPMENT CORPORATION (AEDC)
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY, JANUARY 17, 2018
Board Staff Guests
Michael Schaeffer Daniel Bowman Victoria Fennewald
Chris Schulmeister David Ellis Chris Landrum
Jeff Burkhardt Tracey Cline Kane Dosset
Joey Herald Eileen Gonzales Rosalind Booker
Tim Litinas — Not Present Pete Smith
Call to Order and Announce a Quorum Present
With a quorum of the Board present with members Michael Schaeffer, Chris Schulmeister, Jeff
Burkhardt and Joey Herald in attendance, the Regular Meeting of the Allen Economic Development
Corporation (AEDC) Board of Directors was called to order by President Schaeffer at 6:00 p.m. on
Wednesday, January 17, 2018 at the AEDC Office.
1. Approval of the Minutes of the Regular AEDC Board Meeting on November 15 2017
On a motion by Joey Herald, seconded by Chris Schulmeister, the Board unanimously approved the
Minutes of the November 15, 2017 Regular AEDC Board Meeting.
2. Amiroval of the Minutes of the S ecial Called AEDC Board Meeting on December 12 2017
On a motion by Chris Schulmeister, seconded by Jeff Burkhardt, the Board unanimously approved the
Minutes of the December I2, 2017 Special Called AEDC Board Meeting.
3. Presentation and Approval of AEDC Quarterly Financial Reports
Chris Landrum updated the Board on the AEDC financial reports for the first quarter of Fiscal Year
2018. On motion by Chris Schulmeister, seconded by Jeff Burkhardt, the Board unanimously
approved the AEDC financial reports as presented.
4. Update on New AEDC Office Space at One Bethany Buildin
Eileen Gonzales and Victoria Fennewald presented the updated plans and budget for the DC's new
office space at One Bethany.
5. 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 Incentives and the Sale of Land for the Recruitment of Project Jurassic
!. Consider Amendmentof • Development Agreement with Finisar Corporation
Considerc. Project
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Daniel Bowman ! ! the Board on a potential reorganization! d
responsibilities.
On a motion by Jeff Burkhardt, seconded by Chris Schulmeister, the meeting was adjourned at 7:42 p.m.
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Michael Schaeffer, President Tim Litinas, Secretary/ Treasurer