Min - Community Development Corporation - 2016 - 06/20 - RegularBoard of Directors:
George Chrisman, President
Chris Schuhneister, Vice -President
Ron Alexander, Secretary
Tommy Baril
Ross Obermeyer
Stacy Gonzales (Absent)
Michael Freiberger
city Stag:
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
Guest Speakers:
David Gordon, Managing Director, Estrada Hincjosa
' Kristen Savant, Partner, Norton Rose Fulbright
1) Call to Order and Announce a Quorum is Present
With a quotum of the Community Development Corporation Board present, President Chrisman
called the Meeting to order at 7:01 p.m. on Monday, June 20, 2016, in the City Council Chambers.
2) Approve Minutes of the May 16, 2016, Meeting
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 approve the minutes from the
May 16, 2016, meeting. The motion carred.
3) Consider Assignment of Economic Development Incentive Agreement with Allen Premium
Outlets, L.P. now to Allen Premium Outlets Expansion, LLC.
Motion: Upon a motion by Board Member Alexander and a second by Board Member
Obenneyer, the Board voted six (6) for and none (0) opposed to approve the assignment of the
Economic Development Incentive Agreement as it relates to the Allen Premium Outlet Mall
Expansion. The motion carried.
1
ALLEN COMMUNITY DEVELOPMENT CORPORATION
BOARD MEETING
'
MINUTES
JUNE 20, 2016
Board of Directors:
George Chrisman, President
Chris Schuhneister, Vice -President
Ron Alexander, Secretary
Tommy Baril
Ross Obermeyer
Stacy Gonzales (Absent)
Michael Freiberger
city Stag:
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
Guest Speakers:
David Gordon, Managing Director, Estrada Hincjosa
' Kristen Savant, Partner, Norton Rose Fulbright
1) Call to Order and Announce a Quorum is Present
With a quotum of the Community Development Corporation Board present, President Chrisman
called the Meeting to order at 7:01 p.m. on Monday, June 20, 2016, in the City Council Chambers.
2) Approve Minutes of the May 16, 2016, Meeting
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 approve the minutes from the
May 16, 2016, meeting. The motion carred.
3) Consider Assignment of Economic Development Incentive Agreement with Allen Premium
Outlets, L.P. now to Allen Premium Outlets Expansion, LLC.
Motion: Upon a motion by Board Member Alexander and a second by Board Member
Obenneyer, the Board voted six (6) for and none (0) opposed to approve the assignment of the
Economic Development Incentive Agreement as it relates to the Allen Premium Outlet Mall
Expansion. The motion carried.
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Community Development Corporation Page 2
Board Meeting
June 20, 2016
' 4) Consider Issuance and Sale of "Allen Community Development Corporation Sales Tax Revenue
Refunding Bonds, Taxable Series 2016", and Adopt a Resolution Authorizing the Issuance of
Such Bonds, Establishing Parameters for the Sale and Issuance of Such Bonds and Delegating
Certain Matters to Authorized Officers of the Allen Community Development Corporation.
Motion: Upon a motion by Board Member Freiberger and a second by Board Member
Obermeyer, the Board voted six (6) for and none (0) opposed to adopt a resolution authorizing the
issuance of "Allen Community Development Corporation Sales Tax Revenue Refunding Bonds,
Taxable Series 2016," establishing parameters for the sale and issuance of such bonds and
delegating certain matters to authorized officers of the Allen Community Development
Corporation. The motion tamed.
5) Proposed CDC Projects List for FY2017
Proposed Project
Estimated Cost
Classification
Special Services Equipment
$203,500
Operating
Allen Station Park - Softball Scoreboard Upgrade
$105,400
Operating
Bolin Park— Baseball Field Upgrade
$16,000
Operating
Ford Park — Field Lighting Re-lamping
$22,000
Operating
Allen Event Center — Production Upgrade
$337,144
Operating
Dayspring Park—Decking
$13,000
1 Operating
Trail Construction and Repair
$800,000
Operating/CIP
Allen USA Celebration
$90,000
Operating
Allen Senior Recreation Center — Trail, Bridge and Amenities
$370,000
Operating/CIP
Don Rodenbaugh Natatorium— Leisure Pool Renovation
$188,000
Operating
Allen Event Center— South Garage Storage
$130,000
Operating
Demand Response/Paratransit Transportation
$150,000
Operating
Dog Park Development
$300,000
CIP
Green Park — Playground Replacement
$200,000
Operating
Heritage Village — Pavilion
$150,000
CIP
Train Depot — Locomotive
$150,000
CIP
Joe Farmer Recreation Center — Renovation(Re-Appropriation)
$74,600
Operating
Motion: Upon a motion by Board Member Bard and a second by Board Member
' Freiberger, the Board voted six (6) for and none (0) opposed to table the Dog Park Project
request. The motion carred.
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Community Development Corporation
Board Meeting
June 20, 2016
Page 3
Motion: Upon a motion by Board Member Bard and a second by Board Member
Freiberger, the Board voted six (6) for and none (0) opposed to approve the remaining Proposed
CDC Project List for FY2017 (less the Dog Park Project.) The motion carred.
6) Approve Adoption of Proposed FY 2016-2017 Budget
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 Expenditure Budget
of $2,999,644 for Fiscal Year 2017. The motion carried.
7) Other Business
a) Sales Tax Analysis
b) Discussion of Project Status Report
c) Discussion of Project Map
d) Motion to Cancel July Meeting
Motion: Upon a motion by Board Member Alexander and a second by Board Member
Freiberger, the Board voted six (6) for and none (0) opposed to cancel the July 18 meeting. The
motion carried.
e) Items of Interest [Board announcements regarding local civic and charitable events, meetings,
fundraisers, and mvards.J
• Community Calendar
• Next Meeting —August 15, 2016, 7:00 p.m.
• Allen USA Celebration— Jane 25,2016,4:00 p.m.
8) Adjourn
Motion: Upon a motion by Board Member Bard and a second by Board Member
Alexander, the Board voted six (6) for and none (0) opposed to adjourn the meeting at 8:35 p.m.
The motion carried.
These minutes approved on the 15" day of August, 2016. //
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eorg Chrisman, PRESIDENT Ron Alexander,SECRETARY