HomeMy WebLinkAboutMin - Economic Development Corporation - 2022 - 01/19 - Regular ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY,JANUARY 19,2022
Board Staff Guests
Michael Schaeffer Daniel Bowman Chris Landrum
Tim Litinas David Ellis Kate Meacham
Kristina Holcomb -absent Eileen Gonzales Buddy Cramer
Carl Clemencich Nicole Bywater Ben Ralston
Emad Siddiqi Christian Smith Zig Ziegler
Pete Smith Noah Dodge
Call to Order and Announce a Quorum Present
With members Michael Schaeffer, Tim Litinas, Carl Clemencich and Emad Siddiqi 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,January 19,2022 at the Allen
Economic Development Corporation office.
1. Approval of Minutes of the Regular AEDC Board Meeting on December 15,2021
On a motion by Tim Litinas, seconded by Emad Siddiqi,the Board unanimously approved the minutes
of the December 15, 2021 Regular AEDC Board Meeting.
2. Approval of AEDC Quarterly Financial Reports
City of Allen Assistant CFO Chris Landrum presented the AEDC Quarterly Financial Reports and
answered questions regarding the reports.
On a motion by Tim Litinas, seconded by Emad Siddiqi, the Board unanimously approved the
Quarterly Financial Reports as presented.
3. Presentation of Update to City of Allen Parks and Recreation Master Plan
City of Allen Parks and Recreation Director Kate Meacham presented the latest update to the City of
Allen Parks and Recreation Master Plan.
4. 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:
AEDC Meeting Minutes
January 19, 2022-Page 2
a. Consider Incentives for the Recruitment of a Destination Entertainment Project
b. Consider Incentives and the Sale of Land to Support a Mixed-Use Project at SH 121
and Stacy Road
c. Consider Incentives for the Recruitment of Project Stream
The Board convened into closed session at 6:39 p.m.
Reconvene into Open Session
The Board reconvened into open session at 8:11 p.m.
5. Actions Resulting from Executive Session
On a motion by Tim Litinas, seconded by Emad Siddiqi, the Board unanimously approved the Letter
of Intent with Katy Trail Ice House LP and authorized the AEDC Executive Director to negotiate and
execute incentive agreements with Katy Trail Ice House LP.
6. Determine Next Regular Meeting Date
The next Regular AEDC Board meeting was scheduled for Wednesday, February 16, 2022 at 6:00 p.m.
7. Discussion of Future Agenda Items
•
None.
8. Adjournment
On a motion by Tim Litinas, seconded by Emad Siddiqi, the meeting was adjourned at 8:13 p.m.
These Minutes approved this 16th day of February 2022.
Michael Schaeffer, President Emad Siddiqi, Secretary/Treasurer