HomeMy WebLinkAboutMin - Economic Development Corporation - 2018 - 07/18 - Regular ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY,JULY 18,2018
Board Staff Guests
Michael Schaeffer Daniel Bowman Carl Clemencich
Chris Schulmeister Eileen Gonzales Baine Brooks
Jeff Burkhardt Tracey Cline Lauren Doherty
Steve Terrell Nicole Bywater Eric Cannon
Tim Litinas Kevin Laughlin Matt Canavan
Peter Vargas Chris Curtis
Call to Order and Announce a Quorum Present
With members Michael Schaeffer, Chris Schulmeister, Jeff Burkhardt, Steve Terrell 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 6:00 p.m. on Wednesday, July 18, 2018, at
the Allen Economic Development Corporation.
1. Approval of the Minutes of the Regular AEDC Board Meeting on June 20, 2018
On a motion by Tim Litinas, seconded by Chris Schulmeister, the Board unanimously approved the
minutes of the June 20, 2018 Regular AEDC Board Meeting.
2. Presentation and Approval of Quarterly AEDC Financial Reports
Eric Cannon presented the Quarterly AEDC Financial reports.
On a motion by Jeff Burkhardt, seconded by Tim Litinas, the Board unanimously approved the
Quarterly AEDC Financial Reports as presented.
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 Government Code,
Section 551.072 Deliberation Regarding Real Property:
a. Consider Incentives for the Recruitment of Project Community
b. Consider the Sale of Land and Incentives for a Development Near SH 121 and Stacy Road
c. Consider Incentives for the Support and Retention of Project Red,White and Blue
d. Update and Discussion of Mixed-Use Developments on SH 121
The Board convened into closed session at 6:16 p.m.
Reconvene into Open Session
The Board reconvened into open session at 8:31 p.m.
AEDC Meeting Minutes
July 18,2018-Page 2
4. Actions Resulting from Executive Session
On a motion by Jeff Burkhardt, seconded by Chris Schulmeister, the Board voted unanimously to
authorize the Executive Director to negotiate and execute on behalf of the AEDC an Economic
Development Agreement with the Allen Americans in the amount of$25,000 per year, for four years,
subject to continuing to lease and operate in the Allen Event Center during the term of the agreement.
On a motion by Tim Litinas, seconded by Chris Schulmeister, the Board voted 4-1,with Jeff
Burkhardt in opposition, to authorize the Executive Director to negotiate and execute on behalf of the
AEDC an Economic Development Agreement with Curtis Investments in the amount of$1.5 million,
subject to the construction of infrastructure and closing on all parcels in the proposed development.
On a motion by Tim Litinas, seconded by Steve Terrell, the Board voted unanimously to authorize the
Executive Director to negotiate and execute on behalf of the AEDC an Economic Development
Agreement for Project Community for$5,000 per job,up to $1.2 million, subject to entering a 15-year
lease for the company's corporate headquarters at One Bethany.
5. Review and Approval of Advertising Campaign Agreement with Multiview Inc.
Eileen Gonzales provided an overview of the Advertising Campaign Agreement with Multiview. On a
motion by Tim Litinas, seconded by Jeff Burkhardt, the Board unanimously approved the AEDC
Advertising Campaign Agreement with Multiview Inc.
6. Report on AEDC Projects and Marketing Activities
Daniel Bowman updated the Board on the status of current and upcoming projects.
7. Determine Next Regular Meeting Date—August 15, 2018
The next AEDC Board meeting is scheduled for Wednesday, August 15, 2018, at 6:00 p.m.
8. Discussion of Future Agenda Items
None.
9. Convene into Closed Executive Session: Pursuant to Texas Government Code, Section 551.074 for
Personnel Matters: Discussion of the Duties, Responsibilities, Performance, Evaluation and
Employment of the Executive Director
The Board convened into closed session at 8:45 p.m.
Reconvene into Open Session
The Board reconvened into open session at 9:43 p.m.
AEDC Meeting Minutes
July 18, 2018-Page 3
10. Actions Resulting from Executive Session
On a motion by Jeff Burkhardt, seconded by Tim Litinas, the Board voted unanimously that the base
salary of the Executive Director be increased by 5%effective July 2, 2018.
11. Adjournment
On a motion by Tim Litinas, seconded by Chris Schulmeister, the meeting was adjourned at 9:45 p.m.
These Minutes approved this 19th day of October 2018.
Michael Schaeffer, President Tim Litinas, Secretary/Treasurer