Minutes EDC 4B 09/08/2003 MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
September 8, 2003
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a
Workshop/Regular Session on September 8, 2003. The meeting was held within the boundaries
of the Town and was open to the public.
DIRECTORS PRESENT:
James Hicks President
Pam Cates Director
Rebecca Shuman Director
Tim Meredith Director
John Carter Treasurer
(RECTORS ABSENT:
Andy Hayes Secretary
Doyle Nicholson Vice President
STAFF AND GUEST (S) PRESENT:
Roger Unger Staff Liaison
Jan Woodruff EDC Clerk
PUBLIC HEARING SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM.
President Hicks called the meeting to order at 6:48 p.m., announced that there was a quorum,
and proceeded to the Regular Session since there was no one at the Public Hearing.
REGULAR SESSION
DEVELOPER'S REPORT.
There were no developers present.
DISCUSSION AND APPROPRIATE ACTION FOR APPROVING ADDITIONAL POOL
OPERATING NEEDS FOR FISCAL YEAR 02-03.
DISCUSSION AND APPROPRIATE ACTION FOR APPROVING ADDITIONAL POOL
OPERATING NEEDS FOR FISCAL YEAR 03-04.
The application for additional funding is not necessary since the public hearing notice on May 13,
2002, and the minutes of the March 11, 2002, meeting both indicated 100%for the first two years
and did not designate a specific dollar amount. The expenses at the pool were discussed as well
as issues such as freeze factors and seasonal buying of pool chemicals. No action was
necessary. The Board would like for professional staff to come back with a freeze report.
DISCUSSION AND APPROPRIATE ACTION FOR APPROVING THE FISCAL YEAR 03-04
BUDGET.
Director Cates made a motion to raise Pool Operations to $111,350 and lower Large Project
Reserves to $23,055. Director Meredith seconded the motion and it passed unanimously.
Page 2 EDCB September 8, 2003 Meeting
DISCUSSION AND APPROPRIATE ACTION TO AMEND CHECKING ACCOUNT SIGNATURE
CARD.
Director Cates made a motion to have James Hicks, John Carter, Roger Unger, Doyle Nicholson,
and Andy Hayes on the checking account. Director Carter seconded the motion and it passed
unanimously.
REVIEW AND APPROVE MINUTES.
Director Carter made a motion to adopt the July 14, 2003 minutes. Director Cates seconded the
motion. The motion passed unanimously.
Director Cates made a motion to adopt the September 2, 2003 minutes. Director Carter seconded
the motion. The motion passed unanimously.
REVIEW AND APPROVE FINANCIAL REPORT:
Director Cates made a motion to approve the July and August 2003 financial statements. Director
Carter seconded the motion and the motion passed unanimously.
OTHER BUSINESS.
ADJOURN.
Director Carter made a motion to adjourn at 8:28 p.m. Director Cates seconded the motion and it
passed unanimously.
Ja es Hicks Pam Cates
President Director