HomeMy WebLinkAboutMin - Economic Development Corporation - 2022 - 08/17 - Regular ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY,AUGUST 17,2022
Board Staff Guests
Michael Schaeffer Daniel Bowman Xi Breeding
Carl Clemencich Nicole Bywater Randy Breeding
Kristina Holcomb David Ellis Dave Corvette
Tim Litinas Eileen Gonzales Ted Gould
Emad Siddiqi Jan Jungmann Alina Lam
Christian Smith Manita Moran
Pete Smith Todd Price
Ben Trahan
Call to Order and Announce a Quorum Present
With members Michael Schaeffer,Tim Litinas, Kristina Holcomb,and 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,August 17,
2022 at the Allen Economic Development Corporation office.
j 1. Approval of Minutes of the Regular AEDC Board Meeting on July 20,2022
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On a motion by Kristiana Holcomb, seconded by Tim Litinas,the Board unanimously approved the
minutes of the July 20,2022 Regular AEDC Board Meeting.
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2. Review of AEDC Sales Tax Reports
Staff presented the AEDC Sales Tax Reports and answered questions regarding the reports.
3. Consider Approval of Advertising Agreement with Multiview,Inc. for Digital Marketing Services
for FY 2022-2023
AEDC Marketing Director Eileen Gonzales presented the AEDC's Advertising Agreement with
Multiview,Inc. for Digital Marketing Services for FY 2022-2023.
On a motion by Tim Litinas,seconded by Emad Siddiqi,the Board unanimously authorized the AEDC
Marketing Director to Negotiate and Execute the Advertising Agreement with Multiview,Inc. for
Digital Marketing Services in an amount not to exceed$66,000 for FY 2022-2023.
AEDC Meeting Minutes
August 17,2022-Page 2
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:
a. Consider the Sale of Land to Support a Mixed-Use Project at Stacy Road and SH 121
b. Update and Input on Mixed-Use Projects on SH 121 in Allen
The Board convened into closed session at 6:55 p.m.
Reconvene into Open Session •
The Board reconvened into open session at 7:26 p.m.
5. Actions Resulting from Executive Session
No actions were taken.
6. Consider Items Related to the Economic Development Agreement with NetScout Systems, Inc.
On a motion by Kristina Holcomb, seconded by Tim Litinas,the Board unanimously approved
waiving the employment count requirement for NetScout Systems,Inc. for 2022 and reevaluating the
_( requirement at the company's anniversary in July of 2023.
7. Consider Items Related to the Economic Development Agreement with Boss Fight Entertainment,
Inc.
On a motion by Kristina Holcomb,seconded by Tim Litinas,,the Board unanimously approved
waiving the employment count requirement for Boss Fight Entertainment, Inc. for 2022 and
reevaluating the requirement at the company's anniversary in July of 2023.
8. Determine Next Regular Meeting Date
The next AEDC Board meeting was scheduled for Wednesday, September 21,2022 at 6:00 p.m.
9. Discussion of Future Agenda Items
None.
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10. Adjournment
On a motion by Kristina Holcomb, seconded by Tim Litinas,the meeting was adjourned at 7:47 p.m.
AEDC Meeting Minutes
August 17,2022-Page 3
These Minutes approved this 21'day of September 2022.
Michael Schaeffer,President Emad Siddiqi, Secretary/Treasurer
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