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.
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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
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