HomeMy WebLinkAboutMin - Economic Development Corporation - 2022 - 06/15 - Regular ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY,JUNE 15,2022
Board Staff Guests
Michael Schaeffer Daniel Bowman Dave Corneae
Tim Litinas David Ellis Brent Berg
Kristina Holcomb absent Eileen Gonzales Lucy Billingsley
Carl Clemencich Jan Jungmann LaSheila Yates
Emad Siddiqi Christian Smith Ben Trahan
Pete Smith
Eric Ellwanger
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,June 15, 2022 at the Allen Economic
Development Corporation office.
1. Approval of Minutes of the Regular AEDC Board Meeting on May 18,2022
On a motion by Tim Litinas, seconded by Emad Siddiqi,the Board unanimously approved the minutes
of the May 18,2022 Regular AEDC Board Meeting.
2. Review of AEDC Sales Tax Reports
Staff presented the AEDC Sales Tax Reports and answered questions regarding the reports.
3. Presentation of Guidelines for the AEDC Small Business Grant Program(Pilot Program)
The AEDC BRE Manager and AEDC Executive Director presented the Guidelines for the AEDC
Small Business Grant Program(Pilot Program).
On a motion by Tim Litinas,seconded by Emad Siddiqi,the Board unanimously approved the
Guidelines for the AEDC Small Business Grant Program(Pilot Program)as presented and directed
staff to proceed with obtaining applications for the program.
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
June 15, 2022-Page 2
a. Consider Development Plans and Incentives to Support Phase One of Sloan Corners at
SH 121/US 75
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b. Consider Incentives to Support the Expansion of a Local Business
The Board convened into closed session at 6:33 p.m.
Reconvene into Open Session
The Board reconvened into open session at 7:23 p.m.
5. Actions Resulting from Executive Session
None.
6. Determine Next Regular Meeting Date
The next AEDC Board meeting was scheduled for Wednesday,July 20, 2022 at 6:00 p.m.
7. Discussion of Future Agenda Items
E` l An update on SH 121 mixed-use projects and the Allen Office Market Update and.Vacancy Report
were requested.
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8. 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 7:26 p.m.
9. Reconvene into Open Session
The Board reconvened into open session at 8:1 2 p.m.
10. Actions Resulting from Executive Session
On a motion by Tim Litinas, seconded by Emad Siddiqi,the Board moved to increase the Base Salary
of the AEDC Executive Director by $13,700 effective July 1,2022 and to authorize the Board
President to negotiate and execute an amendment to his employment agreement.
AEDC Meeting Minutes
June 15,2022-Page 3
11. Adjournment
On a motion by Tim Litinas, seconded by Emad Siddiqi, the meeting was adjourned at 8:13 p.m.
These Minutes approved this 20th day of July 2022.
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Michael Schaeffer, President Emad Siddiqi, Secretary/Treasurer