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HomeMy WebLinkAboutMin - Economic Development Corporation - 2021 - 09/30 - Special Called ALLEN ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS SPECIAL CALLED MEETING THURSDAY, SEPTEMBER 30,2021 Board Staff Guests Michael Schaeffer-absent Daniel Bowman Todd Doshier Tim Litinas Lupita Castilleja Kristina Holcomb Christian Smith Carl Clemencich Pete Smith Emad Siddiqi Call to Order and Announce a Quorum Present With members Tim Litinas, Kristina Holcomb, Carl Clemencich and Emad Siddiqi in attendance, the Special Called Meeting of the Allen Economic Development Corporation(AEDC) Board of Directors was called to order by Vice President Litinas at 7:33 a.m. on Thursday, September 30, 2021 at the Allen Economic Development Corporation. 1. 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 Real Estate to Support the Recruitment of Project Defender The Board convened into closed session at 7:34 a.m. • Reconvene into Open Session The Board reconvened into open session at 8:30 a.m. 2. Actions Resulting from Executive Session On a motion by Kristina Holcomb, seconded by Emad Siddiqi, the Board unanimously approved the Letter of Intent between AEDC and Strike Photonics, Inc. and authorized the Executive Director to negotiate and execute an incentive'agreement with Strike Photonics, Inc. 3. Adjournment On a motion by Kristina Holcomb, seconded by Emad Siddiqi,the meeting was adjourned at 8:31 a.m. AEDC Meeting Minutes September 30, 2021-Page 2 These Minutes approved this 20th day of October 2021. ice. Michael Schaeffer,Pr 'dent Tric mb " ecre . /Treasurer •