Min - Downtown Steering Committee - 2021 - 7/12 - Regular DOWNTOWN'STEERING COMMITTEE
Finance and Economic Development Subcommittee
Minutes
July 12,2021
ATTENDANCE:
Committee Members:
Tommy Baril,DSC Committee Member
Stacey Greer,DSC Committee Member
Janet Sherlip,DSC Committee Member
City Staff Present:
Peter Phillis,CFO
Dan Bowman,EDC
1. Call to Order and Announce a Quorum Is Present.
With a quorum present, Tommy Baril called the meeting to order at 4:39 p.m. in the City Hall
Conference Room at Allen City Hall,305 Century Parkway,Allen,Texas,75013.
2. Introductions.
3. Discuss Funding Options for Future Expenses.
• Ms. Greer highlighted recent conversations she had with Plano downtown officials about
funding sources.
• Ms. Sherlip highlighted initial research she had completed on looking for grants. Mr. Phillis
recommended Ms.Sherlip save the documents she showed the team to MS Teams.This would
assist City Staff in searching for grants once the effort reaches the latter stages of Phase 2 and
Phase 3.
• The group also discussed the following funding resources:
o Tax Increment Financing(TIF)resources
o Economic Development Corporation(EDC)funds
o Community Development Corporation(CDC)funds
o 2015 Capital Investment Program(CIP)funds
o Rebates, including 380 agreements and 381 agreements
o Regional resources, including the North Central Texas Council of Governments
(NCTCOG)
o Hotel Occupancy Tax(HOT)funds. It was noted that these funds have been"spoken for"
for the next 5 years.
4. Discuss Plan of Action.
The group assigned the following actions:
• Mr.Baril:will include`Discuss CDC and Downtown Steering Committee' agenda item to the
August CDC meeting—both Ms.Greer and MS. Sherlip are invited to learn about CDC at that
meeting.
Finance and Economic Development Subcommittee
Minutes
July 12,2021
Page 2
• Ms.Greer:Will think of funding information/questions that we would want the`Learning from
Others subcommittee' to include as part of their question sets to selected communities.
• Ms. Sherlip: Will download grant information she collected into MS Teams,will reach out to
Ms. Kristina Holcomb to learn more about potential NCTCOG resources that we could
potentially leverage for this project.
• Mr.Phillis:will reach back with staff to find the Project Plan associated with the TIF resources,
provide a list of approved 2015 CIP projects with remaining balance for each project, and
identify examples of rebates and tax abatements.
• Mr.Bowman:Will schedule a`Discuss EDC and Downtown Steering Committee'agenda item
for the July 27th EDC meeting,and will check on whether there would be value for Committee
members to sit down with the County Commissioner Court.
5. Discuss Coordination with Other Subcommittees.
Ms. Greer will contact Mary Vail-Grube to let her know about current outreach efforts with Plano
and share the funding inquiries we would like the`Learning from Others'subcommittee'to conduct
as part of their already-planned outreach efforts.
6. Discuss Communications Strategy and Microsoft Teams interface
Some of the Committee members indicated challenge in connecting with MS Teams. Mr. Phillis
encouraged everyone having troubles to let him know and he'll have someone from the city's IT
staff contact them to troubleshoot the issue.
7. Discuss Next Steps.
This was discussed during agenda item#4.
8. Adjourn.
Mr.Baril adjourned the meeting at 6:11 p.m.