HomeMy WebLinkAboutMin - Economic Development Corporation - 2024 - 02/21 - Regular ALLEN ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS REGULAR MEETING
WEDNESDAY,FEBRUARY 21,2024
Board Staff Guests
Kristina Holcomb Daniel Bowman Dave Cornette
Brent Berg Claire Benson Craig Ireland
Ben Patterson David Ellis Braxton Stewart
Emad Siddiqi—absent Eileen Gonzales Felicia Jackson
Baine Brooks Jan Jungmann Rick Rensi
Pete Smith Jorge Tiznado Vasquez
Monica Vargas
Logan Menocal
Eric McCullough
Call to Order and Announce a Quorum Present
With members Kristina Holcomb, Brent Berg,Ben Patterson, and Baine Brooks in attendance,,the
Regular Meeting of the Allen Economic Development Corporation(AEDC) Board of Directors was
called to order by President Holcomb at 6:00 p.m. on Wednesday, February 21, 2024 at the Allen
Economic Development Corporation office.
1. Election of Officers of the AEDC Board of Directors
On a motion by Brent Berg, seconded by Kristina Holcomb,the Board unanimously approved the
election of AEDC Board Officers as follows: Kristina Holcomb, President;Brent Berg,Vice
President; and Ben Patterson, Secretary/Treasurer.
2. Approval of Minutes of the Special Called AEDC Board Meeting on January 16, 2024
On a motion by Brent Berg, seconded by Kristina Holcomb,the Board unanimously approved the
minutes of the January 16, 2024 Special Called AEDC Board Meeting.
3. Review of AEDC Sales Tax Reports
Staff presented the AEDC Sales Tax Reports and answered questions regarding the reports.
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:
AEDC Meeting Minutes
February 21, 2024-Page 2
a. Consider Incentives for the Recruitment of Project Infrastructure
b. Consider Amendment to the Economic Development Agreement with Omnilife USA,Inc.
c. Consider Items Related to the Redevelopment of Sites in Downtown Allen
d. Consider the Purchase of Land in Downtown Allen
e. Consider Amendment to the Economic Development Agreement with Anora, LLC
f. Consider Purchase of Real Property to Support The Farm
The Board convened into closed session at 6:07 p.m.
Reconvene into Open Session
The Board reconvened into open session at 8:13 p.m.
5. Actions Resulting from Executive Session
On a motion by Kristina.Holcomb, seconded by Baine Brooks,the Board approved a motion to
authorize the AEDC Executive Director to negotiate and execute on behalf of AEDC an Incentive
Agreement with CEC Engineering as presented.
On a motion by Ben Patterson, seconded by Baine Brooks,the Board approved a motion to authorize
the AEDC Executive Director to negotiate and execute on behalf of AEDC an Amendment to the
Incentive Agreement by and between AEDC and Omnilife USA, Inc. as presented.
On a motion by Brent Berg, seconded by Baine Brooks,the Board approved a motion to authorize the
AEDC Executive Director to negotiate and execute on behalf of AEDC various professional services
agreements for civil engineering, landscape architecture, architectural MEP services and for related
studies,not to exceed$215,000.
On a motion by Brent Berg, seconded by Baine Brooks,the Board approved a motion to authorize the
AEDC Executive Director to negotiate and execute on behalf of AEDC the necessary agreements and
related instruments for the purchase of the real property located at 102 N. Anna Drive, Allen Texas.
On a motion by Baine Brooks, seconded by Brent Berg, the Board approved a motion to authorize the
AEDC Executive Director to negotiate and execute on behalf of AEDC an Amendment to the
Incentive Agreement by and between AEDC and Anora, LLC to amend the dates.
6. Presentation of the Results of the AEDC BRE and Small Business Grant Programs for 2023
AEDC Business Retention and Expansion(BRE) Manager Jan Jungmann presented the results of the
AEDC BRE and Small Business Grant Programs for 2023 and answered questions regarding the
programs.
AEDC Meeting Minutes
February 21,2024-Page 3
7. Review of AEDC Sponsorship Budget
AEDC Marketing Director Eileen Gonzales presented the AEDC Sponsorship Budget.
On a motion by Brent Berg, seconded by Baine Brooks,the Board approved the AEDC Sponsorship
Budget as presented.
8. Determine Next Regular Meeting Date
The next AEDC Board meeting was scheduled for Wednesday, March 20, 2024 at 6:00 p.m.
9. Discussion of Future Agenda Items
The Board requested discussion of a Small Business Grant Program for Restaurants.
10. Adjournment
On a motion by Baine Brooks, seconded by Brent Berg, the meeting was adjourned at 9:01 p.m.
These Minutes approved this 20th day of March 2024.
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Pir, n I corn► v dent Brent Berg,Vice President