Min - Community Development Corporation - 2017 - 01/16 - Regular' ALLEN COMMUNITY DEVELOPMENT CORPORATION
BOARD MEETING
MINUTES
JANUARY 16, 2017
Board of Directors:
George Chrisman
Ron Alexander
Tommy Bari]
Ross Obermeyer
Stacy Gonzales
Michael Fretberger (Absent)
Kristina Brevard
City Staff:
Peter H. Vargas, City Manager
Eric Cannon, Chief Finance Officer, Finance Department
Brian Bristow, Assistant Director, Parks and Recreation Department
Rebecca Vice, Assistant to the City Manager
Matt McComb, Landscape Architect, Parks and Recreation Department
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, January 16, 2017, in the City Council Chambers.
2) Approve Minutes of the November 21, 2016, Meeting
Motion: Upon a motion by Board Member Brevard and a second by Board Member Baril,
the Board voted six (6) for and none (0) opposed to approve the minutes from the November 21,
2016, meeting. The motion carried.
3) Consider Motion to Authorize the City Manager to Negotiate and Execute a Joint Agreement
by and among the Allen Community Development Corporation, Allen Economic Development
Corporation and TCH Altera AHCC, L.P., for NOP (Net of Profit) Fund Grant.
Motion: Upon a motion by Board Member Alexander and a second by Board Member Gonzales,
the Board voted five (5) for and one (1) opposed to authorize the City Manager to negotiate and
execute ajoint agreement by and among the Allen Community Development Corporation, Allen
Economic Development Corporation and TCH Altera for NOP Fund Grant. The motion carried.
4) Consider Motion to Authorize the City Manager to Negotiate and Execute a Third Amendment
to the Economic Development Incentive Agreement with TCH Altera AHCC, L.P., Amending
the Construction Schedule for the Hotel and Convention Center Project.
' Motion: Upon a motion by Board Member Baril and a second by Board Member Brevard, the
Board voted six (6) for and none (0) opposed to authorize the City Manager to negotiate and
execute a third amendment to the economic development incentive agreement with TCH Altera
Community Development Corporation
Board Meeting
January 16, 2017
Page 2
amending the construction schedule for the hotel and convention center project. The motion
carried.
5) Other Business
a) Sales Tax Analysis
b) Balance Sheet
c) Statement of Revenues and Expenditures
d) Discussion of Project Status Report
o Update by Brian Bristow, Assistant Director of Parks and Recreation
• Development of Watters Branch Community Park
• Park land acquisition
e) Discussion of Project Map
f) Items of Interest [Board announcements regarding local civic and charitable events, meetings,
fundraisers, and awards.]
• Community Calendar
• Next Meeting — February 20, 2017, 7:00 p.m.
6) Adjourn
Motion: Upon a motion by Board Member Baril and a second by Board Member
Alexander, the Board voted six (6) for and none (0) opposed to adjourn the meeting at 8:27 p.m.
The motion carried.
These minutes approved on the 201h day of February, 2017.
Georie Chrisman, PRESIDENT Stacy Gonzales, S � TA
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