Min - Community Development Corporation - 2015 - 04/20 - RegularAGENDA
ALLEN COMMUNITY DEVELOPMENT CORPORATION
BOARD MEETING
APRIL 20, 2015 - 7:00 P.M.
ALLEN CITY HALL
COUNCIL CONFERENCE ROOM
305 CENTURY PARKWAY
ALLEN, TEXAS 75013
Board of Directors:
George Chrisman, President
Chris Schulmeister, Vice -President
Ron Alexander, Secretary
Ross Obermeyer
Libby Jones
Michael Freiberger
Tommy Baril (Absent)
Citv Staff:
Peter H. Vargas, City Manager
Rebecca Vice, Assistant to the City Manager
Kevin Hammeke, Chief Finance Officer, Finance Department
(t! Brian Bristow, Assistant Director, 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, April 20, 2015, at the City
Council Conference Room
2) Approve Minutes of the March 16, 2015, Meeting
Motion: Upon a motion by Board Member Schulmeister and a second by Board Member
Alexander, the Board voted six (6) for and none (0) opposed to approve the minutes from the
March 16, 2015, meeting. The motion carried.
3) Authorize the City Manager to Execute an Economic Development Incentive Agreement
and Civic Center Agreement with TCH Altera AHCC, L.P., for the Development,
Construction and Operation of a Full -Service Hotel Conference Center
Motion: Upon a motion by Board Member Freiberger and a second by Board Member
Jones, the Board voted six (6) for and none (0) opposed to authorize the City Manager to
execute an Economic Development Incentive Agreement and Civic Center Agreement with
TCH Altes, AHCC, L.P., for the development, construction and operation of a full-service
hotel conference center. The motion carried.
Community Development Corporation
Board Meeting
April 20, 2015
4) Receive Staff Requests for Project Funding
Page 2
Package # Project Title Amount
Requested
1 Trail Development $700,000
2 Allen USA Celebration $90,000
3 Demand Response/Pamtransit Transportation $150,000
4 Share the Road $50,000
5 Ford Pool Redevelopment $2,860,000
Totals $3,850,000
5) Other Business
a) Sales Tax Analysis
b) Balance Sheet
c) Discussion of Active Project Funding Status Report
d) Discussion of Project Status Report
i Update by Brian Bristow, Assistant Director of Parks and Recreation
• Allen Heritage Village
e) Discussion of Project Map
f) Items of Interest [Board announcements regarding local civic and charitable events, meetings,
fundraisers, and i nvards J
• Community Calendar
• Next Meeting— Tour of Projects — May 18, 2015, 6:00 p.m. at the Allen Event Center
• Allen USA —June 27, 2015
6) Adjourn
Motion: Upon a motion by Board Member Alexander and a second by Board Member
Jones, the Board voted six (6) for and none (0) opposed to adjourn the meeting at
8:23 p.m. The motion carried.
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Community Development Corporation
Board Meeting
April 20, 2015
These minutes approved on the 18" day of May, 2015
George Chrisman, PRESIDENT
Ron Alexander, SVCRETARY
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