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Minutes EDC 4B 09/12/2005 MINUTES OF WORKSHOP/REGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION 4B TOWN OF TROPHY CLUB SEPTEMBER 12, 2005 6:30 P.M. STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a Workshop Session on September 12, 2005. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: James Hicks President Doyle Nicholson Vice-President Andy Hayes Secretary Ralph Scoggins Director Larry E. Crosser Director DIRECTORS ABSENT: Bill Devlin Treasurer Rebecca Shuman Director STAFF AND GUEST(S) PRESENT: Sharon Huppert EDC Clerk Roger Unger Staff Liaison Adam Adams Director, Parks and Recreation WORKSHOP SESSION 1. CALL TO ORDER AND ANNOUNCE A QUORUM. 2. DISCUSSION OF REGULAR AGENDA ITEMS. 3. ADJOURN WORKSHOP SESSION. REGULAR SESSION 1. CALL TO ORDER AND ANNOUNCE A QUORUM. President Hicks called the Workshop/Regular Session to order at 6:40 p.m., and announced that there was a quorum. 2. DEVELOPER'S REPORT. No report. 3. DARRYL GIRARD, CHANSON RECORDS, TO GIVE A PRESENTATION WITH RESPECT TO A PROMOTIONAL CD AND/OR DVD WHICH COULD PRESENT A VARIETY OF INFORMATION TO BOTH RESIDENTS, PROSPECTIVE RESIDENTS, BUSINESSES, AND SURROUNDING TOWNS. Mr. Girard gave a brief presentation to the Board in regards to producing an enhanced CD and/or DVD that would be distributed to current and potential residents and businesses. The Board requested Mr. Girard to put together his suggestions/ideas and return to them with a proposal. 4. PROJECT(S) UPDATES/STATUS. Secretary Hayes gave stated that Regency Property Management would pay for the bird electrical wire fencing around the Regency Center shops. 5. DISCUSSION IN REGARDS TO HARMONY PARK LIGHTING. Adam Adams gave a brief presentation in regards to suggestions for the park lighting issues; i.e., lighting monitored by a timer clock, keypads, etc. and offered ways to put controls in place for light usage at the park. Adam will return at a future meeting after the budget year closes with a seasonal recap. ECONOMIC DEVELOPMENT CORPORATION 4B SEPTEMBER 12, 2005 Page Two 6. DISCUSS AND TAKE APPROPRIATE ACTION WITH RESPECT TO INCENTIVE AGREEMENT IN REFERENCE TO THE 16-ACRE TRACT. After a lengthy discussion, President Hicks made a motion to un-table the agenda item. Director Crosser seconded; Secretary Hayes, Vice President Nicholson, Director Scoggins opposed; motion denied resolution remains tabled. 7. DISCUSSION AND APPROPRIATE ACTION FOR STRATEGIC PLANNING. None. 8. DISCUSSION OF UPDATES TO THE FOLLOWING FORMS 1) ACTION ITEMS LOG; 2) FUNDING REQUEST LOG; 3) ISSUE ITEMS LOG. Action Items-Larry Crosser will follow up with Lisa McMullen, Tarrant County Economic Development Corporation in Fort Worth. 9. APPROVAL OF FINANCIAL STATEMENTS. Vice President Nicholson made a motion to accept and approve the financial statements as presented. Director Crosser seconded the motion; motion carried unanimously. 10. APPROVAL OF MEETING MINUTES. Director Crosser made a motion to accept and approve the minutes with the correction of Director Scoggins incorrect spelling of name. Secretary Hayes seconded the motion; motion carried and passed unanimously. 11. OTHER BUSINESS. Secretary Hayes stated that he would submit his resignation with his last meeting date in November. 12. ADJOURN REGULAR SESSION. Director Scoggins made a motion to adjourn at 8:40 p.m. Secretary Hayes seconded the motion and it passed unanimously. James Hicks Andy Hayes President Secretary - 6-