HomeMy WebLinkAboutMin - Economic Development Corporation - 2023 - 08/23 - Special Called ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS SPECIAL CALLED MEETING
WEDNESDAY, AUGUST 23,2023
Board Staff Guests
Michael Schaeffer Daniel Bowman Dave Comette
Daren Meis Nicole Bywater Bruce Heller
Kristina Holcomb David Ellis Jason Sifford
Emad Siddiqi Eileen Gonzales Orlando Margo
Brent Berg Jan Jungmann Kent Smith
Kevin Laughlin Kim Brooks
Holly Armstrong
Call to Order and Announce a Quorum Present
With members Michael Schaeffer,Kristina Holcomb, Daren Meis,Emad Siddiqi and Brent Berg in
attendance,the Special Called 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 23,
2023 at the Allen Economic Development Corporation office.
1. Approval of Minutes of the Regular AEDC Board Meeting on July 19,2023
On a motion by Kristina Holcomb, seconded by Emad Siddiqi,the Board unanimously approved the
minutes of the July 19, 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. Consider Items Related to the Economic Development Agreement with Boss Fight Entertainment,
Inc.
On a motion by Kristina Holcomb, seconded by Emad Siddiqi,the Board unanimously approved
waiving the employment count requirement for Boss Fight Entertainment, Inc. for 2023 and
reevaluating the requirement at the company's anniversary in July of 2024.
4. Consider Items Related to the Economic Development Agreement with Keynote Technologies,LLC
This item was tabled.
.AEDC Meeting illinntes
.august 23. 2023-Page 2
5. Consider Approval of Advertising Agreement with Multiview. Inc. for Digital Marketing Services
for FY 2023-2024
AEDC Marketing Director Eileen Gonzales presented the AEDC Advertising Agreement with
Multiview,Inc. for Digital Marketing Services for FY 2023-2024.
On a motion by Darren Meis, seconded by Brent Berg,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 $96,000 for FY 2023-2024.
6. 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. Update on The Farm in Allen
b. Consider Incentives for the Recruitment of Project Security
c. Consider a Small Business Incentive to Support the Expansion of Project Falcon
d. Update on Redevelopment of Retail Shopping Centers
e. Consider Items Related to Project Prime on SH 121
The Board convened into closed session at 6:39 p.m.
AEDC Board President Michael Schaeffer departed at 8:44 pm.
Reconvene into Open Session
The Board reconvened into open session at 8:53 p.m.
7. Actions Resulting from Executive Session
On a motion by Brent Berg, seconded by Emad Siddiqi, the Board approved a motion to authorize the
AEDC Executive Director to negotiate and execute an Incentive Agreement with Infonaligy Partners,
Inc. Michael Schaeffer did not participate in the vote.
On a motion by Emad Siddiqi, seconded by Brent Berg,the Board approved a motion to authorize the
AEDC Executive Director to negotiate and execute a Small Business Grant Program agreement with
White Hawk Engineering, LLC. Michael Schaeffer did not participate in the vote.
8. Determine Next Regular Meeting Date
The next AEDC Board meeting was scheduled for Wednesday, September 20,2023 at 6:00 p.m.
.-I EDC Meeii ig Minutes
.august 23, 2023-Page 3
9. Discussion of Future Agenda Items
None.
10. Adjournment
On a motion by Emad Siddiqi, seconded by Brent Berg, the meeting was adjourned at 8:55 p.m.
These Minutes approved this 20`h day of September 2023.
,President r
J •