Min - Community Development Corporation - 2019 - 09/16 - Regular ALLEN COMMUNITY DEVELOPMENT CORPORATION
REGULAR BOARD MEETING
MINUTES
SEPTEMBER 16,2019
Board of Directors:
Kristina Holcomb
George Chrisman
Antoinette Vincent
Ron Alexander
Stacy Gonzales
Tommy Bari!
Robin Sedlacek
City Staff:
Tim Dentler,Assistant City Manager
Eric Cannon,Chief Financial Officer
Brian Bristow,Assistant Director of Parks and Recreation
Rocio Gonzalez,Executive Assistant to the City Manager
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, September 16, 2019, at Allen City Hall, 305
Century Parkway, Allen,Texas 75013.
2) Approve Minutes of the August 19,2019,Meeting
Motion: Upon a motion by Board Member Baril and a second by Board Member Gonzales the
Board voted seven (7) for and none (0) opposed to approve the minutes from the August 19, 2019,
meeting. The motion carried.
3) Update on Allen Community Development Corporation Incentive Agreements
The Board was recapped on terms and conditions in the agreement with TCH Altera AHCC, LP on
the obligation to repay the NOP Fund Grant an amount not to exceed$2.5 Million.
4) Other Business
a.) Sales Tax Analysis
b.) Discussion of Project Status Report
c.) Discussion of Project Map
Community Development Corporation Page 2
Board Meeting
September 16,2019
d.) Distribution of FY2019-2020 Budget
Chief Financial Officer Eric Cannon presented the budget as approved by the Allen City
Council. With approval from the Board, Mr. Cannon is providing financials at the next
scheduled meeting reflecting amendments to the FY2020 CDC budget for carry-over
projects not completed at the end of FY2019 and restriction of Hotel/Conference Center
incentive dollars.
e.) Items of Interest [Board announcements regarding local civic and charitable events, meetings,
fundraisers, and awards.]
• Community Calendar
• Next Meeting—October 21, 2019, 7:00 p.m.
5) Adjourn
Motion: Upon a motion by Board Member Alexander and a second by Board Member Holcomb,
the Board voted seven (7) for and none (0) opposed to adjourn the meeting at 7:58 p.m.
The motion carried.
These minutes approved on the 21'day of October 2019.
George hrisman,PRESIDENT Stacy Gonz