04.22.2026 EDC Agenda Packet
TOWN OF TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION
MEETING AGENDA
April 22, 2026
6:00 PM
Council Chambers
1 Trophy Wood Drive
Trophy Club, Texas 76262
CALL TO ORDER AND ANNOUNCE A QUORUM
PUBLIC COMMENT(S)
This is an opportunity for citizens to address the Board/Commission on any matter pursuant to Texas
Government Code Sec. 551.007. The Board/Commission is not permitted to discuss or take action on any
presentations made concerning matters that are not listed on the agenda. Presentations are limited to
matters over which the Board/Commission has authority. Speakers have up to three (3) minutes or the
time limit determined by the Presiding Officer. Each speaker must have submitted their request to speak
by completing the Speaker’s Form or may email tdixon@trophyclub.org
REGULAR ITEMS
1. Consider approval of the February 25, 2026, Economic Development Corporation Meeting Minutes.
(Tammy Dixon, Town Secretary)
2. Discuss the Thrive Business Grant Program. (Tamara Smith, Assistant Town Manager)
3. Discussion and presentation by Catalyst Commercial on the Grove at TC development project. (Tamara
Smith, Assistant Town Manager)
ADJOURN
The Board/Commission may convene into executive session to discuss posted items as allowed by Texas Government Code Sections
551.071 through 551.076 and Section 551.087.
Notice is hereby given that a quorum of the Town of Trophy Club Town Council may be in attendance at this meeting. The Town
Council will not deliberate or take any action.
CERTIFICATION
I do hereby certify that the Notice of Meeting was posted on the official bulletin board at the Town Hall for the Town of Trophy Club,
Texas, in a place convenient and readily accessible to the general public at all times on the following date and time: April 14, 2026, at
10:15 a.m., and said Notice of Meeting was also posted concurrently on the Town’s website in accordance with Texas Government
Code Ch. 551 of the Texas Government Code.
/s/ Tammy Dixon
Tammy Dixon, Town Secretary
If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at
682-237-2900, 48 hours in advance, and reasonable accommodations will be made to assist you.
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ECONOMIC DEVELOPMENT CORPORATION
COMMUNICATION
MEETING DATE: April 22, 2026
FROM: Tammy Dixon, Town Secretary
AGENDA ITEM: Consider approval of the February 25, 2026, Economic Development
Corporation Meeting Minutes. (Tammy Dixon, Town Secretary)
BACKGROUND/SUMMARY: The Economic Develoment Corporation Board held a meeting on
February 25, 2026.
BOARD REVIEW/CITIZEN FEEDBACK: N/A
FISCAL IMPACT: N/A
LEGAL REVIEW: N/A
ATTACHMENTS:
1. 02.25.2026 EDC Minutes
ACTIONS/OPTIONS:
Move to approved the February 25, 2026 Economic Development Corporation meeting
minutes.
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Town of Trophy Club Economic Development Corporation Meeting Minutes
February 25, 2026, 6:00 p.m., Regular Meeting
1 Trophy Wood Drive, Trophy Club, Texas 76262
CALL TO ORDER
Vice President Pedersen called the meeting to order at 6:00 p.m.
EDC BOARD MEMBERS PRESENT
Allan Pedersen, Vice President
James Calaway, Secretary
Joseph Longo
Greg Fox
Garrett Wallace
EDC BOARD MEMBERS ABSENT
Teri Addington, President
Scott Hinshaw
STAFF PRESENT
Tamara Smith, Assistant Town Manager
Tammy Dixon, Town Secretary
April Duvall, Director of Finance
PUBLIC COMMENTS
There were none.
REGULAR ITEMS
1. Consider approval of the December 9, 2025, Economic Development Corporation meeting
minutes.
Secretary Calaway moved to approve the December 9, 2025, Economic Development
Corporation meeting minutes. Director Wallace seconded the motion.
VOTE ON THE MOTION
AYES: Addison, Pedersen, Longo, Fox, Wallace, Hinshaw, Calaway
NAYES: None
ABSENT: Addington, Hinshaw
VOTE: 5-0-2
2. Discuss state-compliant incentive programs for commercial projects.
Tamara Smith, Assistant Town Manager, presented an update regarding the Town Council’s
direction from the January Council retreat related to economic development incentives. She
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EDC Meeting Minutes – February 25, 2026 Page 2
stated that Council directed to prioritize the development of the undeveloped land within the
Small Area Plan. Catalyst Commercial will provide advisory services and market the available sites
to potential developers and will provide monthly executive reports identifying outreach efforts
and any prospective development interest. Due to the confidential nature of potential
development discussions, updates will be provided to the EDC Board in executive session.
Ms. Smith explained that available incentive funding could support potential development
agreements, including Chapter 380 agreements, land acquisition assistance, or sales tax
incentives, as determined appropriate by the Board. She also clarified that Catalyst’s role is
limited to the Small Area Plan properties, while the EDC may consider incentives to address vacant
commercial spaces and support existing businesses with programs such as the Thrive Business
Grant program.
3. Discuss the Thrive Business Grant Program
Ms. Smith, presented an update on the Thrive Business Program and asked the EDC Board
to provide direction on whether to proceed with a third application cycle. She reported that the
program was originally funded with $300,000, with $76,521.21 reimbursed in Cycle One and
$25,775.05 approved in Cycle Two, leaving approximately $200,000 remaining. She also advised
that the program has a sunset date of fiscal year 2028.
Ms. Smith reviewed participation in previous cycles and explained that some applications
in Cycle Two were not approved because they involved operational expenses rather than
improvements consistent with the program’s intent. Board members discussed the level of
interest from local businesses, outreach efforts, and ways to improve communication about the
program’s eligibility requirements.
The Board members expressed support for continuing the program and suggested
increased outreach to commercial areas and clearer guidance for applicants. Ms. Smith indicated
staff would prepare updated informational materials, coordinate outreach with Board members,
and develop a proposed schedule for a Cycle Three application period beginning in April with
potential approvals in June.
ADOURN
Vice President Pedersen adjourned the meeting at 6:16 p.m.
_____________________________
Teri Addington, President
ATTEST:
____________________________
Tammy Dixon, Town Secretary
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ECONOMIC DEVELOPMENT CORPORATION
COMMUNICATION
MEETING DATE: April 22, 2026
FROM: Tamara Smith, MSL, Assistant Town Manager
AGENDA ITEM: Discuss the Thrive Business Grant Program. (Tamara Smith, Assistant Town
Manager)
BACKGROUND/SUMMARY: On July 11, 2023, the Economic Development Corporation (EDC)
discussed and considered a grant program tailored to benefit businesses within the Trophy
Club community. The EDC deliberated and expressed the desire to support projects
encompassing exterior and interior enhancements, equipment, and signage upgrades. The
Board has also advocated for a nominal contribution from businesses in the form of matching
funds, which will foster a sense of mutual accountability.
The Board allocated $300,000 to the grant program for FY 2023-2024. The program is an
annual application with an evaluation and presentation to the EDC. Formal agreements are
developed for each award recipient with progress reporting, final inspections, and performance
requirements.
The Thrive Business Grant program offers reimbursable matching grants (75%) of up to $20,000
to support facade enhancements, sign improvements, interior renovations, equipment
upgrades, and other critical investments. Under the terms of the grant, work must begin within
six months from the date of the award. Grantees are required to submit regular progress
reports, including financial statements, photos, and updates on project milestones. Failure to
meet specified performance requirements as set forth in each agreement requires 100%
repayment of the grant dollars received.
On October 11, 2023, staff presented a draft of the grant program to the EDC for review. The
proposal was then discussed and approved by the EDC Board during its meeting on February
27, 2024. Following this, the Thrive Business Grant received Town Council approval on May 28,
2024. The grant program was officially opened to the public on July 8, 2024.
During the first round of Thrive Business Grant application, the Economic Development
Corporation and Town Council approved six businesses and seven projects for a total grant
amount of $104,380.67, leaving a remaining balance of $195,619.33 for the second cycle of
grants.
The EDC met on February 27, 2025, to discuss continuing the Thrive Business Grant for another
year. During the meeting, the EDC Board made recommendations for amendments to the
program. The EDC met on April 3, 2025, to approve amendments to the second cycle of the
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Thrive Business Grant program. These proposed changes were approved by the Town Council
at its April 14, 2025, meeting. The amendments address several areas, including grant
requirements, monitoring and accountability, and the addition of a new timeline section.
Key revisions included:
• Any equipment purchased with grant funds must remain in Trophy Club for the duration
of the business’s operational life.
• Grant awards may be adjusted by up to 10%, with a maximum grant amount of
$20,000.
• Businesses must demonstrate efforts to obtain local quotes when available and submit
three quotes in total, including at least one from a local vendor.
• International shipping and customs fees are not reimbursable, and all shipping costs
must be itemized.
• Town approval is required for any exterior modifications to the business premises.
Cycle 2 opened on April 15, 2025, and two businesses were awarded funding totaling
$25,775.05.
In February 2026, the EDC approved moving forward with the third cycle of the Thrive Business
Grant. The timeline for this cycle is outlined below.
Thrive Business Grant Timeline – Fiscal Year 2026-2027
• Grant Launch: April 13, 2026
• Grant Application Deadline: June 15, 2026
• EDC Review: July 2026
• EDC Approval: July 2026
• Town Council Approval: August 2026
• Performance Agreements Signed by Business: September 2026
• Performance Agreements Signed by EDC: October 2026
• Project Start: October 2026
• Project Completion Deadline: October 2027
This agenda item requests guidance from the EDC on whether to hold a Town Hall meeting for
business owners to review key information, the application timeline, eligible project types, and
to address any questions regarding the third cycle of the Thrive Business Grant.
BOARD REVIEW/CITIZEN FEEDBACK: N/A
FISCAL IMPACT: The Board allocated $300,000 from the EDC 4B Fund for the Fiscal Year 2023-
2024 grant program. In FY 2025, a total of $104,380.67 in grant funds was awarded, with one
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$20,000 grant subsequently rescinded. Cycle 1 reimbursement totaled $76,521.21. Cycle 2
awarded a total of $25,775.05. The total available grant amount remaining is $197,703.75.
LEGAL REVIEW: N/A
ATTACHMENTS:
1. Thrive Business Grant Packet
2. Infographic
ACTIONS/OPTIONS:
This agenda item is being presented for discussion and feedback purposes only. No action will
be taken by the Economic Development Corporation Board regarding this agenda item.
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Thrive Business Grant
FY 26-27
Guidelines and Application
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Page 9 of 30
The Thrive Business Grant (TBG) is an initiative aimed at supporting local
businesses within the Town by providing reimbursable matching grants for
various improvement projects. The program seeks to enhance the visual appeal
and improve overall competitiveness of businesses, ultimately driving economic
growth and community prosperity.INTRODUCTIONPage 10 of 30
The Trophy Club Economic Development Corporation
(EDC) is dedicated to driving economic progress within the
Town. Its core mission is to actively foster employment
opportunities and enhance the overall well-being of the
community by spearheading, developing, facilitating, and
financing projects in accordance with the Economic
Development Act.
In 2023, the EDC Board earmarked $300,000 to kickstart the TBG . This program
is designed with the aim of fostering enhancements both externally and internally,
as well as furnishing essential equipment to facilitate expansion and operational
efficiency. The overarching objective is to maintain our Small Town Charm and
stimulate customer growth within the Town.
The EDC places significant emphasis on thorough deliberation, ensuring that all
grants align with the best interests of the community and that the projected
benefits are effectively realized.
Each applicant will be viewed on a case-by-case bases to help businesses achieve
success in Trophy Club.BACKGROUNDPage 11 of 30
The TBG is a dynamic initiative aimed at fortifying local
businesses within the town. This program offers reimbursable
(75%) matching grants of up to $20,000 to support facade
enhancements, sign improvements, interior renovations,
equipment upgrades, and other critical investments. By
empowering businesses to make these vital improvements, the
EDC aims to bolster the Town's economic vitality, create a
more appealing business environment, and foster community
prosperity.
The program aims to facilitate well-thought-out improvements that harmoniously
incorporate essential storefront elements into a appealing identity, potentially
including provisions for establishing an accessible public entrance if necessary.
Additionally, it supports interior enhancements aimed at improving the overall
customer experience and the enhancement of existing signage or the construction
of new signage approved by the Town. While Town staff will offer guidance on
acceptable improvements, applicants are responsible for collaborating with
licensed architects and contractors to refine the conceptual design according to
the scope of work.OVERVIEWPage 12 of 30
While the Town will review all TBG applications that align
with the eligibility criteria, it places particular emphasis on
backing projects poised to yield a substantial positive influence
on both the Town and its economic landscape.
This includes generating increased business activity, making
significant financial investments, facilitating revitalization
efforts, and ensuring the retention or expansion of existing
employers.
Prior to participating in the program, applicants must ensure they are current
with all municipal tax obligations;
Applicants are required to have no Town liens recorded against any property
owned by them, encompassing, but not limited to, liens for weed control,
demolition, board-up/open structure, and outstanding payments;
Eligibility Criteria:ELIGIBILITY CRITERIAEligible applicants must either be property owners or tenants
situated within the Town of Trophy Club;
Tenants must obtain written approval from property owners
in order to participate in the program;
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Eligibility Criteria:
All applicants have to be located within Trophy Club;
All applicants are required to adhere to both state and local laws and
regulations governing licensing, permits, building codes, and zoning
requirements;
Excluded from consideration are government offices, residential properties,
home-based enterprises, religious organization, churches, as well as
establishments dealing in sexually-oriented or smoking paraphernalia
products; and
Applicants must demonstrate financial stability and a clear plan for the
project's completion.ELIGIBILITY CRITERIAPage 14 of 30
Interior Renovations: Funding can be allocated for interior renovations, such as;
Remodeling enhancements that improve the customer experience,
General maintenance such as HVAC, plumbing, electrical, etc.
Equipment Purchases: Grants can cover the cost of purchasing new equipment
or upgrading existing machinery to increase operational efficiency and
productivity.
Signage: Grants can cover the cost of purchasing signage off site to promote and
market their business.
Applications must be made prior to work beginning. No grants will be awarded
for work that has already started, in progress, or completed.ELIGIBILITY PROJECTSFaçade Improvements: Grants may be used to enhance the
exterior appearance of businesses, including;
Improvements to an existing exterior structure,
Improvements to public facing façade(s)
Signage
Seating, and
General building/property beautification including
landscape.
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Any deviation from the approved grant project may result in the total or partial
withdrawal of the grant.
Grants are awarded as a single payment to the applicant, excluding sales tax. The
Town will not reimburse any sales tax on items purchased.
If an applicant is awarded a grant for any work performed pursuant to this
program and the work is altered for any reason within one year from the date of
construction, the applicant may be required to reimburse the Town of Trophy
Club immediately for the full amount of the grant.
Further, if a property is listed for sale and/or leased to a tenant for a purpose not
originally intended by the grant application within one year of reimbursement,
the applicant may be required to reimburse the Town of Trophy Club
immediately for the full amount of the grant.GRANT REQUIREMENTSWork must begin within six months from the date of the
award.
Grant funds are paid out on a reimbursement basis once
completed work has been verified by Town staff as compliant
with the plans proposed in the approved application.
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If a local quote or any of the three required quotes cannot be obtained, the
business must document its efforts to secure them, including the steps taken and
the reasons the quotes could not be acquired.The EDC Board will consider this
effort in its evaluation.
The grant does not reimburse international shipping or customs fees for items
purchased overseas. These costs must be covered by the business owner.
Additionally, shipping costs must be itemized on the submitted quote.GRANT REQUIREMENTSAny equipment purchased using grant funds must remain
within the Town of Trophy Club for the entire operational
lifespan of the business.
The agreed-upon price or grant amount may be adjusted by up
to 10% to account for unforeseen circumstances or price
fluctuations, with a maximum grant amount of $20,000.
All exterior work, including but not limited to painting
(including color selections), building additions, and any
changes to the exterior appearance, must be submitted to the
Town of Trophy Club for approval before implementation.
Businesses must obtain and submit a minimum of three
quotes:
One quote from a local business (a business with a
registered address in Trophy Club or owned by a Trophy
Club resident).
Two additional quotes from other vendors.
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Each TBG application will be processed in accordance with
the following standards and procedures.
One of the prerequisites is furnishing documentation
confirming the absence of any outstanding property tax
payments for the property.
Applicants undertaking projects that encompass the
refurbishment of one or more existing structures must furnish a
comprehensive plan along with quotes and cost projections for
the renovations.
Furthermore, if a project is not approved for the intended fiscal
year, the application will be retained for consideration for up to
one year.
Interested businesses will complete and submit a application form, including
property owner written approval (if applicable) project details,
comprehensive plan, project cost, three quotes (if applicable), and a timeline
for completion.
The EDC will review applications and may approve applications based on
eligibility criteria and alignment with program goals.
The approved applications will then be reviewed by the Town Manager
before being submitted to the Town Council.
The application review process will take up to 60 days.
Selected businesses will be notified of their grant award and will receive
instructions on reimbursement procedures.
Approved businesses will sign a performance agreement, and will
be instructed on when to begin their proposed projects and
may seek reimbursement upon completion.
Application Process:APPLICATION PROCESSThe TBG will announce specific periods when
applications will be accepted from eligible businesses.
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Progress Reporting: Grantees will be required to submit regular progress
reports, including financial statements, photos, and updates on project
milestones.
Final Inspection: Upon project completion, a final inspection will be
conducted to ensure that the work meets the program's standards.
Reimbursement Process: Grantees will submit documentation for eligible
expenses, and reimbursement will be issued in accordance with the program's
guidelines.
Performance Requirements: Grantees will be required to fulfill performance
requirements set forth in the performance agreement, failure to meet the specific
requirements in the agreement will mean repayment of 100% of grant dollars
received. If the performance agreement is not signed within 60 days of receipt,
the grant will be rescinded, and you will need to reapply in the next grant cycle.
Monitoring & Accountability
Process:MONITORING & ACCOUNTABILITYPage 19 of 30
As part of the consideration for any incentives, the Town will have the right to
review and verify the applicant’s financial statements and records related to the
project and the amount of any incentives that may be payable in any given year;
and conduct an on-site inspection of the project in order to verify compliance with
the terms and conditions of the TBG.
The Town Council retains sole authority to approve or deny
any TBG application and is under no obligation to approve
any application.
The Town retains the authority to reject an application while
offering suggestions for improvements that could lead to
future acceptance.
The Town of Trophy Club has the right to terminate any
agreement under the TBG if a participant is found to be in
violation of any conditions set forth in these guidelines.
The Town reserves the right to make adjustments regarding
conditions and parameters outlined in these guidelines.
Prioritization is given to established businesses over those
operational for a year or less.
The possibility exists to approve multiple projects for
businesses if additional funding remains available.ADDITIONAL INFORMATIONPage 20 of 30
Thrive Business Grant Timeline – Fiscal Year 2026-2027
The following timeline outlines the key dates for the Thrive
Business Grant. Please note that dates are subject to change.
For up-to-date information, visit our website or contact us
directly.
Grant Launch: April 13, 2026
Grant Application Deadline: June 15, 2026
EDC Review: June 2026
EDC Approval: July 2026
Town Council Approval: August 2026
Performance Agreements Signed by Business: August-
October 2026
Performance Agreements Signed by EDC: October 2026
Project Start: August - December 2026
Project Completion Deadline: October 2027
The total duration of the grant process, from application launch
to project completion, is approximately 1.5 years.TIMELINEPage 21 of 30
ELIGIBLE AREATown of Trophy Club
Boundary Map
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APPLICATIONApplicant Name
Business Name
Business Address
Mailing
Address
Thrive Business Grant (TBG)
Application
Contact Number
E-mail Address
Building Owner
Name
Building
Name
Project Information
Project Site/
Address
Project
Type
Project
Description
Page 23 of 30
APPLICATIONHow will this
project benefit the
community?
How will this
project benefit your
business?
Project Expenditures Expenditure Total Total Grant Dollars
Requested for Expenditure
Project Cost
Thrive Business Grant (TBG)
Application
Page 24 of 30
APPLICATIONTotal Cost of
Project
Total Grant Dollars
Requesting
*25% of total cost of project is the responsibility of the applicant.
Number of
Employees
Number of Years in
Trophy Club
Business Information
Annual Revenue
Please ensure that the final project scope of work, along with accompanying pictures, drawings, and
any relevant documentation, is attached. This comprehensive package will play a crucial role in
conveying a cohesive narrative that will aid the EDC and Town staff in comprehending your vision
for the allocation of grant funds.
By signing this document, you affirm that you possess the requisite authority to seek funding for the
mentioned business, you will abide by the program guidelines, and that the information furnished is
true and accurate to the best of your knowledge.
Signature: _________________________________________________________________________
Printed Name: _____________________________________________________________________
Title: _____________________________________________________________________________
Date: ________________________________
Will this project create or retain jobs?Yes No
Thrive Business Grant (TBG)
Application
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Page 26 of 30
In-Person:
Town of Trophy Club
1 Trophy Wood Drive
Trophy Club, TX 76262
Via E-mail:
thrive@trophyclub.org
Online Application:
Please Return To:
Page 27 of 30
THRIVETHRIVE BUSINESS GRANTBUSINESS GRANTTHRIVE BUSINESS GRANT
Matching
Funding
75%
Town
25%
Business
682-237-2903
www.trophyclub.org/thrive
Application Material:
D U E D A T E
JUNE 15, 2026
ApplicationProperty Owner Written Approval Project Details/Comprehensive PlanProject CostTwo Quotes Plus One Local QuoteTimeline
Projects that will not be approved are:Operational and/or maintenance costAir conditioning unitsRoofs
APPLY ONLINE
T R O P H Y CLUBUp to
$20,000
For:
Façade
Interior
Equipment
Signage
Projects
IN-PERSON 1 Trophy Wood Dr. Trophy Club, TX 76262
E-MAIL thrive@trophyclub.org
For More
Information:
Page 28 of 30
ECONOMIC DEVELOPMENT CORPORATION
COMMUNICATION
MEETING DATE: April 22, 2026
FROM: Tamara Smith, MSL, Assistant Town Manager
AGENDA ITEM: Discussion and presentation by Catalyst Commercial on the Grove at TC
development project. (Tamara Smith, Assistant Town Manager)
BACKGROUND/SUMMARY:
The Town Council’s Business Goal number 5 calls for creating and implementing incentive
strategies that support development of projects identified in the final Small Area Plan, known
as the Grove at TC, and for promoting these opportunities through targeted outreach to
prospective developers. To advance this goal, the Town proposes engaging Catalyst
Commercial, Inc., which collaborated with McAdams during development of the Small Area
Plan and is well positioned to provide the services necessary to fulfill this objective.
Catalyst will support the Town of Trophy Club Economic Development Corporation (TCEDC)
through two primary service categories: Advisory Services and Brokerage Services. Advisory
Services include developing economic activation strategies, analyzing commercial development
opportunities, recommending development partners and incentive packages, and providing
other related economic development support. Brokerage Services include marketing TCEDC-
owned properties, identifying marketable assets within the Small Area Plan area, and
negotiating sale prices, excluding closing services.
The EDC approved the professional service agreement with Catalyst Commercial, Inc. on
December 9, 2025, and Town Council approved the final Resolution on January 12, 2026.
Catalyst will provide a presentation to the EDC on the project’s progress to date. Moving
forward, Catalyst will provide updates on a quarterly basis or as requested by the Town
Manager’s Office for specific development discussions.
BOARD REVIEW/CITIZEN FEEDBACK: N/A
FISCAL IMPACT: The total cost for Advisory Services is anticipated to not exceed $77,000,
based on a maximum of $5,500 per month over a 14-month period. In addition, should the
Town of Trophy Club sell or otherwise dispose of property, Catalyst will receive a four percent
(4%) fee for Brokerage Services, excluding closing services, which will be provided by the Town
Attorney. Funding for this contract is available in the FY 2026 Budget in the Economic
Development Corporation Fund.
Page 29 of 30
LEGAL REVIEW: N/A
ATTACHMENTS:
None
ACTIONS/OPTIONS:
This agenda item is being presented for discussion and feedback purposes only. No action will
be taken by the Economic Development Corporation Board regarding this agenda item.
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