11.20.2025 EDC MinutesTown of Trophy Club Economic Development Corporation Meeting Minutes
November 20, 20252 6:00 p.m., Regular Meeting
1 Trophy Wood Drive, Trophy Club, Texas 76262
CALL TO ORDER
President Addington called the meeting to order at 6:01 p.m.
EDC BOARD MEMBERS PRESENT
Teri Addington, President
Allan Pedersen, Vice President
Joseph Longo
James Calaway, Secretary
Scott Hinshaw
EDC BOARD MEMBERS ABSENT
G reg Fox
Garrett Wallace
STAFF PRESENT
Brandon Wright, Town Manager
Tamara Smith, Assistant to the Town Manager
PUBLIC COMMENTS
There were none.
REGULAR ITEMS
1. Consider approval of the September 22, 2025, Joint Town Council/Economic Development
Corporation meeting minutes and the October 15, 2025, Economic Development
Corporation meeting minutes.
Director Longo moved to approve the September 22, 2025, Joint Town Council/Economic
Development Corporation meeting minutes and the October 15, 2025, Economic Development
Corporation meeting minutes. Secretary Calaway seconded the motion.
VOTE ON THE MOTION
AYES:
Addison, Pedersen, Longo, Hinshaw, Calaway
NAPES:
None
ABSENT:
Fox, Wallace
VOTE:
5-0-2
2. Discuss the Economic Development Corporation Board's roles and responsibilities.
Tamara Smith provided an overview of the Board's roles and responsibilities.
EDC Meeting Minutes —(November 20, 2025 Page 2
3. Discuss and consider the appointment of an EDC Board president, vice president,
secretary, treasurer, and assistant secretary.
President: Director Longo nominated Teri Addington. Secretary Calaway seconded the
nomination.
VOTE ON NOMINATION
AYES:
Addison, Pedersen, Longo, Hinshaw, Calaway
NAPES:
None
ABSENT:
Fox, Wallace
VOTE:
5-0-2
Vice President: Director Longo nominated Alan Pedersen. Secretary Calaway seconded
the nomination.
VOTE ON NOMINATION
AYES:
Addison, Pedersen, Longo, Hinshaw, Calaway
NAYES:
None
ABSENT:
Fox, Wallace
VOTE:
5-0-2
Secretary: Director Hinshaw nominated James Calaway. Director Longo seconded the
nomination.
VOTE ON NOMINATION
AYES:
Addison, Pedersen, Longo, Hinshaw, Calaway
NAYES:
None
ABSENT:
Fox, Wallace
VOTE:
5-0-2
Treasurer: Director Hinshaw nominated the Town Finance Director. Director Longo
seconded the nomination
VOTE ON NOMINATION
AYES:
Addison, Pedersen, Longo, Hinshaw, Calaway
NAYES:
None
ABSENT:
Fox, Wallace
VOTE:
5-0-2
Assistant Secretary: President Addington nominated the Town Secretary. Director
Hinshaw seconded the nomination
EDC Meeting Minutes — November 20, 2025 Page 3
VOTE ON NOMINATION
AYES:
Addison, Pedersen, Longo, Hinshaw, Calaway
NAPES:
None
ABSENT:
Fox, Wallace
VOTE:
5-0-2
4. Discuss the Economic Development Corporation members' role as the TIRZ Board.
Tamara Smith, Assistant to the Town Manager and Town Manager Wright provided an
overview of the Town's Tax Increment Reinvestment Zone (TIRZ) and the EDC Board's new role as
the TIRZ Board which included:
• The history and creation of the TIRZ, originally established in 2007 and formally
adopted by ordinance in 2013.
• An explanation of how the tax increment is generated and used to fund public
improvements and developer incentives within the zone.
• Background on past developer agreements, all of which were fully paid off in
December 2024, leaving a current fund balance of approximately $70,000.
• Clarification that the EDC now also serves as the TIRZ Board, meeting separately in
an advisory capacity and forwarding recommendations to Town Council for final
a pprova 1.
• Eligible uses of TIRZ funds, including infrastructure, incentives, and administrative
costs, as well as limitations such as the board not issuing bonds or exercising
eminent domain.
• Confirm ation that Ta rra nt County pa rtici pates i n the TI RZ a nd that SB 2 ca ps do not
limit TIRZ incentive amounts.
• A review of the TIRZ's expiration date of December 31, 2034, with the possibility
of extension if future development agreements require it.
5. Discuss state -compliant incentive programs for commercial projects.
Ms. Smith provided an overview of economic development incentive tools availableto the
Economic Development Corporation (EDC) and the statutory requirements that govern their use.
She explained the definition of a "primary job" under Texas law and noted its importance when
evaluating eligibility for incentives.
She reviewed several categories of incentives, including:
EDC Meeting Minutes — November 20, 2025
Page 4
• Grant Incentives under Local Government Code Chapters 501 and 505, such as the Town's
existing Thrive Business Grant, which supports equipment, building improvements, or job
creation and must include a performance agreement and recapture provisions.
• Infrastructure Incentives that allow the EDC to fund public improvements supporting
commercial businesses —such as drainage, site work, or access improvements —in
coordination with property owners.
• Tax -Related Incentives, including Chapter 380 agreements and Chapter 381 county
partnerships, which may provide rebates, grants, or fee assistance for qualifying projects.
She noted that 381 agreements require county participation and are less common for
small towns.
• Tax Increment Reinvestment Zone (TIRZ) Incentives, which use captured property value
increases within the zone to fund developer agreements, infrastructure, and other
improvements, with the current zone active through December 31, 2034.
Ms. Smith emphasized compliance requirements for all incentives, including state law
adherence, performance agreements, Town Council approval, auditing, and transparency through
the Comptroller's database.
She invited board discussion on potential incentive programs for both existing commercial
areas and future development projects, offering to conduct outreach and bring back data,
including sales tax trends, at a future meeting. She noted that customized incentive packages can
be crafted once a specific developer or project is identified. The item will be brought at a future
date for discussion.
KO
President Addington adjourned the meeting at 6:44 .m.
1
Teri Addington, President
ATTEST:
Tammy Dixon, To n ecreta