Minutes EDC 4B 10/05/2015 MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, October 5, 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 October 5, 2015. The meeting was held within the boundaries of the Town and was
open to the public.
EDC 4B DIRECTORS PRESENT:
Gregory Wilson President
Dave Brod Vice President
Eric Jensen Treasurer/Secretary
Sean Bone Director
Angela Newell Director
Michael Richmond Director
Henry Brandt Director
EDC 4B DIRECTORS ABSENT:
STAFF AND GUEST(S) PRESENT:
Rhylan Rowe Council Liaison
Stephen Seidel Town Manager
April Reiling Public Information Officer & Marketing Manager
John Zagurski Strategic Services Coordinator
President Gregory Wilson called the meeting to order and announced a quorum at 7:00
p.m.
CITIZEN PRESENTATIONS
REGULAR SESSION
1. Welcome and introduction of new EDC 4B Directors Angela Newell, Michael Richmond
and Henry Brandt.
New Directors Angela Newell, Michael (Mike) Richmond and Henry Brandt were welcomed and
provided a brief introduction to the Board.
2. Election of Officers:
- President
-Vice President
-Treasurer/Secretary
Motion by Treasurer/Secretary (current) Eric Jensen to name Greg Wilson as President. Motion
seconded by Director Sean Bone. Motion passed unanimously.
Motion by President Greg Wilson to name Treasurer/Secretary (current) Eric Jensen as Vice
President. Motion seconded by Vice President (current) Dave Brod. Motion passed
unanimously.
Motion by Director Sean Bone to name Director Angela Newell as Treasurer/Secretary. Motion
seconded by Director Dave Brod. Motion passed unanimously.
President— Greg Wilson
Vice President — Eric Jensen
Treasurer/Secretary —Angela Newell
3. Receive an update regarding the International Council of Shopping Centers (ICSC)
Conference & Deal Making event scheduled for November 4-6, 2015 in Dallas.
Strategic Services Coordinator John Zagurski provided an overview of the plan for the upcoming
ICSC Conference. The Chamber and partner cities will share a booth at the conference and each
municipality will have a table within the booth. The Town budgeted for three attendees and EDC 4B
Directors are invited to attend. Staff requested the Directors check their schedule and let Staff know
if they would like to attend.
4. Discuss and take appropriate action regarding the Old Town Development(OTD)
Developer's Agreement.
Town Manager Stephen Seidel presented the updated developer's agreement draft between EDC
4B and OTD and went through changes from the previous copy reviewed by the Board. The Board
asked various clarifying questions.
Motion by Vice President Eric Jensen to approve the Old Town Development Developer's
Agreement as presented. Motion seconded by Director Dave Brod. Motion passed 5-2 with
President Greg Wilson and Treasurer/Secretary Angela Newell opposed.
5. Discuss and take appropriate action regarding the July 6, 2015 Minutes.
Motion by Director Dave Brod to approve the July 6, 2015 Minutes as presented. Motion
seconded by Vice President Eric Jensen. Motion passed unanimously.
6. Discuss and take appropriate action regarding the August 25, 2015 Joint Session
Minutes.
Motion by Director Sean Bone to approve the August 25, 2015 Minutes as presented. Motion
seconded by Vice President Eric Jensen. Motion passed unanimously.
7. Discuss and take appropriate action regarding the June 2015 Financials.
Motion by Director Sean Bone to approve the June 2015 Financials as presented. Motion
seconded by Director Dave Brod. Motion passed unanimously.
8. Discuss and take appropriate action regarding the July 2015 Financials.
Motion by Vice President Eric Jensen to accept the July 2015 Financials as presented. Motion
seconded by Director Dave Brod. Motion passed unanimously.
9. Town Manager Update:
- Land purchase
- MEAT "U" ANYWHERE BBQ & Bread Winners
- PD-30
-The Village
-Wonderland Montessori School & Retail Center
- EDC Pool Bond Defeasance
Town Manager Stephen Seidel provided updates and answered questions related to the topics
above.
Adjourn
Director Sean Bone motioned to adjourn. Motion seconded by Vice President Eric Jensen.
Motion passed unani, ously. The Board adjourned at 7:56 p.m.
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Gregory gilson, President Angela Nell, TrO'surer/Secretary
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