HomeMy WebLinkAboutMin - Economic Development Corporation - 2018 - 02/21 - RegularALLEN ECONOMIC DEVELOPMENT CORPORATION (AEDC)
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY, FEBUARY 21, 2018
Board Staff Guests
Michael Schaeffer Daniel Bowman Cole Henley
Jeff Burkhardt David Ellis Mark Bulmash
Joey Herald Tracey Cline
Chris Schulmeister Eileen Gonzales
Tim Litinas Pete Smith
Peter Vargas
Call to Order and Announce a Quorum Present
With members Michael Schaeffer, Chris Schulmeister, Jeff Burkhardt, Joey Herald and Tim Litinas in
attendance, the Regular Meeting of the Allen Economic Development Corporation (AEDC) Board of
Directors was called to order by President Schaeffer at 6:02 p.m. on Wednesday, February 21, 2018, at
the AEDC Office.
1. Approval of the Minutes of the Regular AEDC Board Meeting on January �17. 2018
On a motion by Joey Herald, seconded by Jeff Burkhardt, the Board unanimously approved the
minutes of the January 17, 2018, Regular AEDC Board Meeting.
2. 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:
The Board convened into closed session at 6:04 p.m.
a. Update and Discussion of Development of Land at SH 121 and US 75
b. Consider Incentives for the Retention and Expansion of Project Programmer
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The Board reconvened into open session at 7:00 p.m.
3. Actions Resulting from Executive Session
On a motion by Joey Herald, seconded by Chris Schulmeister, with Tim Litinas recusing himself, the
Board approved authorizing the AEDC Executive Director/CEO to negotiate and execute on behalf of
AEDC an Incentive Agreement with Bonus XP in accordance with terms discussed in executive
session.
Tim Litinas presented the AEDC Financial Reports for the month of January 2018.
Sin a motion by Chris Schulmeister, seconded by Jeff Burkhardt, the Board unanimously approved tffl
AEDC Financial Reports as presented.
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8. Convene into Close Executive Session: Pursuant to Texas Government Code, Section 551.074 for
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Personnel Matters: Discussion of the Duties, Responsibilities, Performance, Evaluation and
Emplovment of the Executive Director
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On a motion by Joey Herald, seconded by Tim Litinas, the Board unanimously approved the AEDC
Purchasing Policy as presented.
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These Minutes approved this 21S' day of March, 2018.
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Michael Schaeffer, President �� � im Litinas, Secretary 1 Treasurer