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ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY,MARCH 15,2023
Board Staff Guests
Michael Schaeffer Daniel Bowman Dave Comette
Carl Clemencich Nicole Bywater Craig Ireland
Kristina Holcomb David Ellis Braxton Stewart
Emad Siddiqi Eileen Gonzales Lisa Marie Gala
Brent Berg Jan Jungmann Joe McIvor
Christian Smith Crystella McIvor
Pete Smith
Call to Order and Announce a Ouorum Present
With members Michael Schaeffer,Kristina Holcomb,Carl Clemencich,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,March 15,2023 at the
Allen Economic Development Corporation office.
1. Approval of Minutes of the Regular AEDC Board Meeting on February 15,2023
On a motion by Brent Berg, seconded by Kristina Holcomb,the Board unanimously approved the
minutes of the February 15,2023 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 the 2022 Texas Economic Development Council (TEDC) Economic Excellence
Recognition Award
Staff presented the 2022 Texas Economic Development Council(TEDC)Economic Excellence
Recognition Award.
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 Incentives for the Recruitment of Project Infrastructure
b. Consider Incentives Under the Small Business Grant Program to Support the Expansion of Project
Custom
AEDC Meeting Minutes
March 15, 2023-Page 2
The Board convened into closed session at 6:05 p.m. •
Reconvene into Open Session
The Board reconvened into open session at 7:33 p.m.
5. 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 CEC
for their regional office.
On a motion by Brent Berg,seconded by Emad Siddiqi,the Board unanimously approved a motion to
authorize the AEDC Executive Director to negotiate and execute a Small Business Grant Program
agreement with Vital Services.
6. Consider Amending the Economic Development Incentive Agreement with Longhorn Creek,LTD.
No action was taken.
7. Determine Next Regular Meeting Date
The next AEDC Board meeting was scheduled for Wednesday,April 19,2023 at 6:00 p.m.
8. Discussion of Future Agenda Items
None.
9. Adjournment
On a motion by Kristina Holcomb, seconded by Brent Berg,the meeting was adjourned at 7:51 p.m.
These Minutes approved this 19th day of April 2023.
Michael Schaeffer,President r
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