HomeMy WebLinkAboutMin - Economic Development Corporation - 2023 - 11/15 - Regular ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY,NOVEMBER 15,2023
Board Staff Guests
Michael Schaeffer Daniel Bowman Tommy Baril
Baine Brooks Claire Benson David Hicks
Kristina Holcomb Nicole Bywater Eric Braun
Emad Siddiqi David Ellis Jim Lake
Brent Berg Eileen Gonzales Amanda Moreno-Lake
Jan Jungmann Wendy Nguyen
Pete Smith • Mark LaVoy
Tara Green
Jacob Cox
Danny Wilson
JR Munoz
Call to Order and Announce a Quorum Present
With members Michael Schaeffer,Baine Brooks,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,November 15,2023 at
the Allen Economic Development Corporation office.
1. Approval of Minutes of the Regular AEDC Board Meeting on October 18,2023
On a motion by Emad Siddiqi,seconded by Brent Berg,the Board unanimously approved the minutes
of the October 18,2023 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 Review of the AEDC Compliance Program
AEDC Specialist Nicole Bywater presented the Review of the AEDC Compliance Program and
answered questions regarding the program.
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 Redevelopment of Sites in Downtown Allen
b. Consider Incentives for the Expansion and Relocation of Project Supply
c.Consider a Small Business Incentive to Support the Expansion of Project Launch
AEDC Meeting Minutes
November 15,2023-Page 2
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The Board convened into closed session at 6:01 p.m.
Reconvene into Open Session.
The Board reconvened into open session at 8:35 p.m.
5. Actions Resulting from Executive Session
On a motion by Kristina Holcomb,seconded by Emad Siddiqi,the Board approved a motion to
authorize the AEDC Executive Director to negotiate and execute on behalf of AEDC an Incentive
Agreement for the Relocation of Project Supply.
On a motion by Brent Berg,seconded by Kristina Holcomb,the Board approved a motion to authorize
the AEDC Executive Director to negotiate and execute a Small Business Grant Program agreement for
Project Launch.
6. Determine Next Regular Meeting Date
The Board decided to cancel the Regular AEDC Board meeting for the month of December.
7. Discussion of Future Agenda Items
None.
8. Adjournment
On a motion by Kristina Holcomb,seconded by Emad Sidiqi,the meeting was adjourned at 8:55 p.m.
These Minutes approved this 16th day of January 2024.
Michael Schaeffer,President Emad Siddiqi,Secretary/Treasurer