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HomeMy WebLinkAboutMin - Community Development Corporation - 2022 - 07/18 - Regular ALLEN COMMUNITY DEVELOPMENT CORPORATION REGULAR MEETING MINUTES JULY 18,2022 Board of Directors: Tommy Baril,President Antoinette Vincent,Vice-President Shahmeen Khan, Secretary Matthew Foster Ron Alexander Stacy Gonzales Ben Trahan City Staff: Tim Dentler,Assistant City Manager Pete Phillis, Chief Financial Officer Kate Meacham,Director of Parks and Recreation Rocio Gonzalez,Deputy City Secretary Kyle Benedict,Assistant Director,Parks and Recreation Teresa Thomason,Assistant Director,Parks and Recreation Eric Strong,Deputy City Manager Rebecca Vice,Assistant City Manager Bill Herman, CUTX Event Center General Manager Michael Martin,CUTX Event Center Assistant General Manager Ross Girouard, CUTX Event Center Assistant General Manager 1) Call to Order and Announce a Quorum is Present. With a quorum of the Allen Community Development Corporation Board present, President Baril called the Meeting to order at 6:04 p.m. on Monday, July 18, 2022, in the Meeting Room of Credit Union of Texas Event Center,200 East Stacy Road,Allen,Texas. 2) Receive an Overview of Credit Union of Texas Event Center Operations and Facility Tour. 3) Consider an Amendment to the Proposed FY 2022-23 Budget of the Community Development Corporation. Motion: Board Member Foster made a motion to amend the FY2022-23 Community Development Corporation Budget to include funding 100% of the Operating Costs of the Allen Community Ice Rink, not to exceed.$1,000,977, for FY2023. Motion died due to lack of a Second. Motion: Upon a motion by Board Member Alexander and a second by Board President Baril the Board voted five (5) for and two (2) opposed, with Vice President Vincent and Board Member Trahan casting the opposing votes, to amend the FY2022-23 Community Development Corporation Budget to include funding 33% of the Operating Loss of the CUTX Event Center in FY2023. The motion carried. Community Development Corporation Page 2 Regular Board Meeting July 18,2022 Note: The Board made a request that Mayor and Council explore establishing an Ad Hoc Committee to explore the long-term economic sustainability of the CUTX Event Center and that the CDC benefit from the 380 Agreement once it expires. 4) Adjourn Motion: Upon a motion by Board Member Gonzales and a second by Board Member Alexander, the Board voted seven (7) for and none (0) opposed to adjourn the meeting at 9:27 p.m. The motion carried. These minutes approved on the 15'day of August 2022. mmy Baril,PRL:SIDE T ha meen Khan,SECRE