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HomeMy WebLinkAboutMin - Community Development Corporation - 2013 - 03/18 - RegularBoard of Directors: George Christman, President Richard Kessler, Vice -President Chris Schulmeister, Secretary Ross Obermeyer Lonnie Simmons Tommy Bari] Rebecca Tudor (Arrived at 7.16 p m.) City Staff: Peter H Vargas, City Manager Kevin Hammeke, Chief Finance Officer, Finance Department Brian Bristow, Assistant Director, Parks and Recreation Department Donna Ludwig, Senior Administrative Assistant, City Manager's Office 1) Call to Order and Announce a Quorum is Present With a quorum of the Community Development Corporation Board present, President Chrisman called the Meeting to order at 7:00 p.m on Monday, Much 18, 2013, in the Council Chambers. 2) Introduction to the Allen Community Development Corporation Brian Bristow, Assistant Director of Parks and Recreation 3) Town Hall Meeting: Receive Applications by Citizens Concerning Projects for 4B Sales Tax Proceeds Paula Ross, on behalf of the Allen Heritage Guild, gave an overview of what the Guild is involved in and the Allen Heritage Village has accomplished. They thanked the CDC Board for their contributions throughout he years 4) Approve Minutes of the February 18, 2013, Meeting Motion: Upon a motion by Board Member Baril and a second by Board Member Simmons the Board voted seven (7) for and none (0) opposed to approve the minutes from the February 18, 2013, meeting The motion carried. ALLEN COMMUNITY DEVELOPMENT CORPORATION BOARD MEETING MINUTES MARCH 18, 2013 Board of Directors: George Christman, President Richard Kessler, Vice -President Chris Schulmeister, Secretary Ross Obermeyer Lonnie Simmons Tommy Bari] Rebecca Tudor (Arrived at 7.16 p m.) City Staff: Peter H Vargas, City Manager Kevin Hammeke, Chief Finance Officer, Finance Department Brian Bristow, Assistant Director, Parks and Recreation Department Donna Ludwig, Senior Administrative Assistant, City Manager's Office 1) Call to Order and Announce a Quorum is Present With a quorum of the Community Development Corporation Board present, President Chrisman called the Meeting to order at 7:00 p.m on Monday, Much 18, 2013, in the Council Chambers. 2) Introduction to the Allen Community Development Corporation Brian Bristow, Assistant Director of Parks and Recreation 3) Town Hall Meeting: Receive Applications by Citizens Concerning Projects for 4B Sales Tax Proceeds Paula Ross, on behalf of the Allen Heritage Guild, gave an overview of what the Guild is involved in and the Allen Heritage Village has accomplished. They thanked the CDC Board for their contributions throughout he years 4) Approve Minutes of the February 18, 2013, Meeting Motion: Upon a motion by Board Member Baril and a second by Board Member Simmons the Board voted seven (7) for and none (0) opposed to approve the minutes from the February 18, 2013, meeting The motion carried. U H Community Development Corporation Board Meeting March 18, 2013 Page 2 5) Second Amended and Restated Project Reimbursement Agreement ("Agreement') made by and between the Allen Community Development Corporation ("ACDC") and Watters Creek Owner, LLC, a Delaware limited company Successor to Coventry D DDR/Trademark and Montgomery Farm L.P., a Texas limited partnership ("Watters Creek") Motion: Upon a motion by Board Member Bari] and a second by Board Member Simmons, the Board voted seven (7) for and none (0) opposed to approve the Second Amended and Restated Project Reimbursement Agreement. The motion carried. 6) Other Business a) Sales Tax Analysis b) Balance Sheet c) Discussion of Completed Approved Project Status Report d) Discussion of Active Project Status Report e) Discussion of Project Status Report f) Discussion of Project Map g) Items of Interest [Board announcements regarding local cove and charitable events, meetings, fundraisers, and aivards] • Community Calendar • Next Meeting — April 15, 2013, at 7:00 p.m. • Tour of Projects — May 20, 2013, 6:00 p.m — Chase Oaks Golf Course 7) Adjourn Motion: Upon a motion by Board Member Schulmeister and a second by Board Member Simmons the Board voted seven (7) for and none (0) opposed to adjourn the meeting at 742 p.m. The motion carried. These minutes approved on the 15th day of April, 2013. 4brztli— c.rgc isman, PRESIDENT Chris c I ister, SECRETARY