HomeMy WebLinkAboutMin - Economic Development Corporation - 2018 - 10/17 - RegularALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY, OCTOBER 17, 2018
Board Staff Guests
Michael Schaeffer Daniel Bowman Carl Clemencich
Chris Schulmeister Eileen Gonzales Eric Cannon
Jeff Burkhardt Tracey Cline
Steve Terrell Nicole Bywater
Tim Litinas Pete Smith
Peter Vargas
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, October 17, 2018,
at the Allen Economic Development Corporation.
1. Approval of Minutes of the Special Called AEDC Board Retreat on September 15, 2018
On a motion by Tim Litinas, seconded by Chris Schulmeister, the Board unanimously approved the
minutes of the September 15, 2018 AEDC Board Retreat Meeting.
2. Approval of Minutes of the Regular AEDC Board Meeting on September 19, 2018
On a motion by Jeff Burkhardt, seconded by Tim Litinas, the Board unanimously approved the
minutes of the September 19, 2018 Regular AEDC Board Meeting.
3. Ap oval of Quarterly AEDC Financial Reports
Eric Cannon presented the AEDC Quarterly Financial Reports. Review and approval of the Quarterly
AEDC Financial Reports was postponed until the November AEDC Board meeting.
4. Report on AEDC Projects and Marketing Activities
AEDC staff updated the Board on the status of current and upcoming projects.
5. Authorization of AEDC Internship Program
On a motion by Jeff Burkhardt, seconded by Tim Litinas, the Board unanimously approved
authorizing the AEDC Executive Director to proceed with hiring an Intern for the AEDC Internship
Program.
AFDC Meeting Minutes
October 17, 2018 - Page 2
6. Election of AEDC Board Officers
On a motion by Steve Terrell, seconded by Chris Schulmeister, the Board unanimously approved the
AEDC Board Officers as follows: Michael Schaefer, President; Jeff Burkhardt, Vice President; and
Tim Litinas, Secretary/Treasurer.
7. Approval of Amended and Restated Economic Development Agreement with Affiliated Physicians
Holdings, LF
On a motion by Tim Litinas, seconded by Jeff Burkhardt, the Board unanimously approved the
Amended and Restated Economic Development Agreement with Affiliated Physicians Holdings, LP.
8. 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. Approval of Amended and Restated Economic Development Agreement with
Credit Union of Texas
b. Consider Incentives and the Sale of Land to Support Office Construction in
Watters Creek Office Park
c. Consider Incentives and the Sale of Land for the Recruitment of Project Jurassic
d. Update on Projects on SH 121 in Allen
The Board convened into closed session at 7:08 p.m.
Reconvene into Open Session
The Board reconvened into open session at 8:24 p.m.
9. Actions Resulting from Executive Session
On a motion by Tim Litinas, seconded by Chris Schulmeister, the Board unanimously approved the
Amended and Restated Economic Development Agreement with Credit Union of Texas.
10. Consider Improvements to AEDC Land in AllenPlace Office Center.
Dan Bowman updated the Board on improvements to AEDC Land in AllenPIace Office Center. The
Board provided direction on infrastructure improvements in the business park. No action was taken.
11. Determine Next Regular Meeting Date
The next AEDC Board meeting is scheduled for Wednesday, November 14, 20I8, at 6:00 p.m.
AFDC Meeting Minutes
October 17, 2018 - Page 3
12. Discussion of Future Agenda Items
The Board would like to discuss the AEDC Quarterly Financial Reports at the November meeting.
13. Adjournment
On a motion by Jeff Burkhardt, seconded by Tim Litinas, the meeting was adjourned at 8:44 p.m.
These Minutes approved this 14a' day of November 2018.
Michael Schaeffer, President Tim Litinas, Secretary / Treasurer