Minutes EDC 4B 07/06/2015MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, July 6, 2015
7:00 p.m.
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in Regular
Session on July 6, 2015. The meeting was held within the boundaries of the Town and was
open to the public.
EDC 413 DIRECTORS PRESENT:
Gregory Wilson
President
Eric Jensen
Director
Sean Bone
Director
Rebecca Shuman
Director
EDC 4B DIRECTORS ABSENT:
Gerald Rapp Secretary/Treasurer
Dave Brod Vice President
Sean Weaver Director
STAFF AND GUEST(S) PRESENT:
Rhylan Rowe Council Liaison
Stephen Seidel Town Manager
April Reiling Public Information Officer & Marketing Manager
President Gregory Wilson called the meeting to order and announced a quorum at 7:04
p.m.
CITIZEN PRESENTATIONS
PUBLIC HEARING
1. Public Hearing considering the expenditure of funds for the fiscal year 2015-2016
budget.
President Greg Wilson opened the Public Hearing at 7:05 p.m. No public input received.
2. Public Hearing to receive public comment and input regarding the potential
undertaking of a project and the expenditure of Corporation sales tax revenues for
the purchase of approximately 7.441 total acres of land consisting of two parcels
located generally at the northeast corner of Trophy Wood Drive and Plaza Drive
and at Lot 2, Block 1 Solana Land Addition located generally north of State
Highway 114 and west of Trophy Wood Drive within the Town of Trophy Club for
the purpose of promoting new or expanded business development in accordance
with authorized purposes under Chapter 505, Texas Local Government Code, as
amended. (The sixty (60) day period during which the public may submit a petition
with any objection(s) to the project commenced on June 19, 2015.)
Public Hearing continued, no public input received. Public Hearing closed at 7:07 p.m.
REGULAR SESSION
3. Discuss and take appropriate action authorizing the Town Manager to execute any
and all necessary documents for purchases associated with approved projects.
This item authorizes the Town Manager to enter into necessary contracts or agreements to acquire
property as discussed at the June 1, 2015 Joint meeting with Town Council.
Director Eric Jensen made a motion to give Town Manager Stephen Seidel authorization to execute
all necessary documents related to purchases associated with approved projects. Motion seconded
by President Greg Wilson. Motion passed unanimously.
4. Discuss and take appropriate action regarding the fiscal year 2015-2016 EDC 413
budget.
The majority of EDC 4B's Fiscal Year 2015-2016 proposed budget is currently devoted to the
OTD incentive agreement and the impending land acquisition project at Trophy Wood. The
Board discussed making a request to Town Council for a pool defeasance waiver and removing
funds previously allocated for staff salary. The Board asked various questions related to the
proposed budget.
Director Eric Jensen made a motion remove the $10k salary for Town Staff from the proposed
FY15-16 EDC 4B budget. Motion seconded by Director Sean Bone. President Greg Wilson
amended the motion to also request that Council permanently waive the pool bond defeasance.
Motion to amend seconded by Director Eric Jensen. Motion to amend passed unanimously. The
amended motion passed unanimously.
5. Discuss and take appropriate action regarding the April 2015 Financials.
Motion by President Greg Wilson to accept the April 2015 and May 2015 Financials as
presented. Motion seconded by Director Sean Bone. Motion passed unanimously.
6. Discuss and take appropriate action regarding the May 2015 Financials.
Motion handled in previous item.
7. Discuss and take appropriate action regarding the May 4, 2015 Minutes.
Motion by Director Rebecca Shuman to accept the May 4, 2015 Minutes as presented. Motion
seconded by Director Eric Jensen. Motion passed unanimously.
8. Discuss and take appropriate action regarding the June 1, 2015 Minutes from the Joint
Session with Town Council.
Motion by Director Eric Jensen to approve the June 1, 2015 Minutes as presented. Motion seconded
by Director Sean Bone. Motion passed unanimously.
9. Town Manager Update:
- The Village
- PD -30
- MEAT "U" ANYWHERE
Town Manager Stephen Seidel provided updates and answered questions related to the topics
above.
Adjourn
Director Sean Bone motioned Jo adjourn. Motion seconded by Director Eric Jensen. Motion
passed unanimously. The Bo4KA adjourned at 7:34 p.m.
11
Gregoryils n, President Eric Jensen, Tre rer/Secretary