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Minutes EDC 4B 09/22/2005 - Special MINUTES OF SPECIAL SESSION ECONOMIC DEVELOPMENT CORPORATION 4B TOWN OF TROPHY CLUB SEPTEMBER 22, 2005 7:00 P.M. STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a Special Session on September 22, 2005. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: James Hicks President Andy Hayes Secretary Bill Devlin Treasurer Rebecca Shuman Director Ralph Scoggins Director Larry E. Crosser Director DIRECTORS ABSENT: Doyle Nicholson Vice-President STAFF AND GUEST(S) PRESENT: Roger Unger Staff Liaison SPECIAL SESSION 1. CALL TO ORDER AND ANNOUNCE A QUORUM. President Hicks called the Special Session to order at 7:05 p.m., and announced that there was a quorum. 2. DISCUSSION AND APPROPRIATE ACTION WITH RESPECT TO INCENTIVE AGREEMENT IN REFERENCE TO THE 16-ACRE TRACT. Director Crosser made a motion to remove the resolution from the table. Treasurer Devlin seconded; Secretary Hayes, Treasurer Devlin, Director Crosser and Director Shuman voted for and Director Scoggins voted against. Motion removed from table. Treasurer Devlin made a motion to adopt and substitute the resolution attached and exhibit as amended. Secretary Hayes seconded the motion and it passed unanimously. President Hicks, Secretary Devlin, Treasurer Hayes, Director Crosser voted for; Director Scoggins voted against and Director Shuman abstained. 3. ADJOURN SPECIAL SESSION. Treasurer Devlin made a motion to adjourn at 7:37 p.m. Secretary Hayes seconded the motion and it passed unanimously. James Hicks Andy Hayes President Secretary -7-