HomeMy WebLinkAboutMin - Economic Development Corporation - 2023 - 02/15 - Regular ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY,FEBRUARY 15,2023
Board Staff Guests
Michael Schaeffer Daniel Bowman Dave Corneae
Carl Clemencich-Absent Nicole Bywater Gerry Renauld
Kristina Holcomb David Ellis Chris Schulmeister
Emad Siddiqi Eric Ellwanger Harold Thompson
Brent Berg Eileen Gonzales Ben Trahan
Jan`Jungmann LaSheila Yates
Christian Smith Jared White
Pete Smith
Pete Phillis
Call to Order and Announce a Quorum Present
With members Michael Schaeffer,Kristina Holcomb, Emad Siddiqi and Brent Berg 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,February 15,2023 at the Allen
Economic Development Corporation office.
1. Approval of Minutes of the Regular AEDC Board Meeting on December 21, 2022
On a motion by Kristiana Holcomb,seconded by Emad Siddiqi,the Board unanimously approved the
minutes of the December 21,2022 Regular AEDC Board Meeting.
2. Approval of AEDC Quarterly Financial Reports
City of Allen CFO Pete Phillis presented the AEDC Quarterly Financial Reports and answered
questions regarding the reports.
On a motion by Emad Siddiqi, seconded by Brent Berg,the Board unanimously approved the
Quarterly Financial Reports as presented.
3. 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 Recruitment of Prospects and Redevelopment in Downtown Allen and Agreements
Related Thereto
b. Update on Proposed Infrastructure Incentives to Support Sloan Corners
The Board convened into closed session at 6:15 p.m.
AFDC Meeting Minutes
February 15,2023-Page 2
Reconvene into Open Session
The Board reconvened into open session at 7:21 p.m.
4. Actions Resulting from Executive Session
On a motion by Kristina Holcomb, seconded by Brent Berg,the Board unanimously approved a
motion to authorize the AEDC Executive Director to negotiate and execute an agreement with Perkins
Eastman.
5. Determine Next Regular Meeting Date
The next AEDC Board meeting was scheduled for Wednesday,March 15,2023 at 6:00 p.m.
6. Discussion of Future Agenda Items
Emad Siddiqi requested a report regarding compliance benchmarks for existing AEDC agreements. It
was noted that the AEDC Vacancy and Absorption Reports will be presented in April.
7. Adjournment
On a motion by Emad Siddiqi, seconded by Kristina Holcomb,the meeting was adjourned at 7:25 p.m.
These Minutes approved this 15th day of March 2023.
Michael Schaeffer,President Emad Siddiqi, Set, tary/Treasurer