Agenda Packet EDC 4B 01/23/2017Economic Development Corporation 4B
(EDC 4B)
Town of Trophy Club
Meeting Agenda
100 Municipal Drive
Trophy Club, Texas 76262
Svore Municipal Building Boardroom6:30 PMMonday, January 23, 2017
CALL TO ORDER AND ANNOUNCE A QUORUM
CITIZEN PRESENTATIONS
Citizens are allowed three (3) minutes to address the Board regarding an item over
which the Board has policy or oversight authority as provided by Texas law, the ethics
order, or other policy order.
REGULAR SESSION
1.2017-31-T Consider and take appropriate action regarding the December 13, 2016 Joint Session
with Town Council meeting minutes.
Draft Joint Session Minutes December 13, 2016.pdfAttachments:
2.2017-32-T Consider and take appropriate action regarding the October 2016 Financials.
EDC October Financial Report.pdfAttachments:
3.2017-33-T Receive Acting Town Manager’s Update regarding the following; discussion and
provide input regarding same:
·Parking Lot Update
EXECUTIVE SESSION
4.2017-34-T Pursuant to the following designated section of the Texas Government Code,
Annotated, Chapter 551 (Texas Open Meetings Act), the EDC 4B Board will convene
into executive session to discuss the following:
A) Section 551.087 Deliberations regarding Economic Development Negotiations
under Subsection (2) to discuss or deliberate the offer of financial or other
incentives to a business prospect that the Town seeks to have locate within the
territory of the Town:
Potential Joint Development Agreement
B) Section 551.072 Deliberation regarding Real Property to discuss or deliberate the
purchase, exchange, lease, or value of real property if deliberation in an open
meeting would have a detrimental effect on the position of the governmental body
in negotiations with a third person:
Possible Purchase or Sale of Real Estate
EDC4B Page 1 of 14 Meeting Date: Monday, January 23, 2017
January 23, 2017Economic Development
Corporation 4B (EDC 4B)
Meeting Agenda
RECONVENE INTO REGULAR SESSION
5.2017-35-T Consider and take appropriate action regarding the Executive Session.
ADJOURN
*THE BOARD MAY CONVENE INTO EXECUTIVE SESSION TO DISCUSS POSTED
ITEMS AS ALLOWED BY THE TEXAS OPEN MEETINGS ACT, TEXAS LOCAL
GOVERNMENT CODE 551.071.
Notice is hereby given that a quorum of the Town Council may be in attendance at
this meeting.
CERTIFICATION
I certify that the above notice was posted on the front window of the Svore Municipal
Building, 100 Municipal Drive, Trophy Club, Texas, on Friday, January 20, 2017 by
5:00 P.M. in accordance with Chapter 551, Texas Government Code.
Shannon Montgomery, TRMC
Executive Secretary / Records Analyst
If you plan to attend this public meeting and have a disability that requires special
needs, please contact the Town Secretary’s Office at 682-831-4600, 48 hours in
advance and reasonable accommodations will be made to assist you.
I certify that the attached notice and agenda of items to be considered by this Board
was removed by me from the front window of the Svore Municipal Building, 100
Municipal Drive, Trophy Club, Texas, on the __________ day of
______________________, 2017.
________________________________, Title: ___________________________
EDC4B Page 2 of 14 Meeting Date: Monday, January 23, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-31-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/20/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/23/2017
Title:Consider and take appropriate action regarding the December 13, 2016 Joint Session with Town
Council meeting minutes.
Attachments:Draft Joint Session Minutes December 13, 2016.pdf
Action ByDate Action ResultVer.
Consider and take appropriate action regarding the December 13, 2016 Joint Session with Town Council meeting
minutes.
EDC4B Page 3 of 14 Meeting Date: Monday, January 23, 2017
MINUTES FROM JOINT SESSION
FOR THE TOWN OF TROPHY CLUB
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Tuesday, December 13, 2016 at 6:00 P.M.
Svore Municipal Building Boardroom
The Town Council and Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a Joint
Session on Tuesday, December 13, 2016. The meeting was held within the boundaries of the Town and was open
to the public.
STATE OF TEXAS §
COUNTY OF DENTON §
ECONOMIC DEVELOPMENT CORPORATION 4B MEMBERS PRESENT:
Gregory Wilson President (attended via Skype)
Eric Jensen Vice President
Angela Newell Treasurer/Secretary arrived at 6:56 p.m.
Sean Bone Director
David Brod Director
Cory McDonald Director
Michael Richmond Director
TOWN COUNCIL MEMBERS PRESENT:
C. Nick Sanders Mayor
Greg Lamont Mayor Pro Tem, Place 5
Jim Parrow Council Member, Place 1
Garrett Reed Council Member, Place 2
Rhylan Rowe Council Member, Place 3
Tim Kurtz Council Member, Place 4
Philip Shoffner Council Member, Place 6
STAFF AND GUEST(S) PRESENT:
Patrick Arata Acting Town Manager
Steven Glickman Assistant Town Manager/CFO
David Dodd Town Attorney
Shannon Montgomery Acting Town Secretary
President Wilson turned the meeting over to Vice President Jensen. Vice President Jensen announced the date of
Tuesday, December 13, 2016, called the EDC 4B Board to order and announced a quorum at 6:32 p.m. Jensen
stated that Director Newell was absent and that President Wilson was attending the meeting via Skype.
Mayor Sanders announced the date of Tuesday, December 13, 2016, called the Town Council to order and
announced a quorum at 6:32 p.m.
JOINT SESSION WITH TROPHY CLUB TOWN COUNCIL
1. Consider and take appropriate action regarding parking solutions for area in the northeast corner of Plaza
Drive and Trophy Wood Drive.
Mayor Sanders thanked everyone for coming together on short notice to discuss and read Agenda Item No. 1 and
stated that both Council and EDC 4B may discuss, but it really is an EDC4B decision to make.
Acting Town Manager Patrick Arata stated that Staff is working on a gravel lot to provide 50 to 100 parking spots,
across the street from Bread Winners on Plaza Drive at the intersection of Plaza Drive and Trophy Wood Drive.
EDC4B Page 4 of 14 Meeting Date: Monday, January 23, 2017
EDC4B Joint Session Minutes December 13, 2016 Page 2 of 4
The lot would be constructed of roadbed with a cut curb with an apron to drive into the lot. Staff is recommending
to put the apron directly across from the current access to Bread Winners so as customers pull in, they can drive
straight in and turn left or right to park and then walk straight to the restaurant. It is the hope to limit people
crossing the road at any other area than at this specific location. Arata stated that they are expecting the project
to take seven to ten days; the Town would rent the equipment and utilize in-house Staff to complete the project.
Staff would add parking bumpers to designate parking spaces. The project would start the first week of January,
after the steel for the new Town Hall facility is moved from that location.
Motion:
Motion made by Director Jensen, seconded by Director Bone, to authorize Acting Town Manager Arata to spend a
maximum of $30,000 for building and maintaining the lot as he deems necessary.
Director Bone requested clarification of the placement of the parking lot. Arata stated that the lot would be in
between Bread Winners and Town Hall. The spot is currently being used as construction storage for Town Hall and
once the steel is removed, construction on the lot can commence.
Acting Town Manager Arata requested that EDC4B place a time limit on how long the lot can stay.
Development Services Manager Pat Cooke clarified the lot would be constructed of flexbase with a depth of
approximately six inches, and is similar to what was placed at Harmony Park and requires little maintenance.
Director Bone asked what time frame Staff is recommending for the lot. Arata stated before Staff would have to
come back to Council and EDC4B for continued approval would be 18 months. Bone then asked what the price
difference would be to place gravel instead of flexbase. Cooke stated that gravel for that amount of space could
run approximately $60,000-$70,000.
Vice President Jensen stated that the temporary lot gets the cars off Plaza Drive, allows the Town Hall facility to be
completed, which will allow for permanent parking spaces that the restaurants can utilize. EDC4B recognizes that
the restaurants have the ability to serve more than they can park at this point, so if EDC4B can provide better
parking, those people will be served at the restaurant, which will have a direct impact economically which is what
the Board does.
Director Bone asked if this was considered a site improvement, in which TIRZ could pay for. Assistant Town
Manager Glickman stated yes; however, TIRZ does not have the available funds. Mayor Sanders added that this is
a temporary structure, which TIRZ would not be able to fund.
Vice President Jensen stated that this is temporary, which allows the Board time to consider what they want to do
long-term.
Discussion ensued regarding the length of time needed to include in the motion. Town Attorney David Dodd
stated that it would be for a maximum of 18 months.
Vice President Jensen changed his motion to include temporary parking for a maximum of 18 months and asked
Director Bone if this was acceptable. Director Bone accepted the change of the motion.
Motion passed unanimously.
2. Consider and take appropriate action regarding pursuing ownership of Plaza Drive.
Mayor Sanders explained the process needed to allow for the change of ownership in regards to platting, surveys,
and expenses on part of the landowners and gave a brief update of the street construction.
Council Member Rowe asked if anyone had done research to see who exactly owns the land. Denton County
Appraisal District lists the owners as the Holiday Inn Operator and Old Time Development (“OTD”) and those two
EDC4B Page 5 of 14 Meeting Date: Monday, January 23, 2017
EDC4B Joint Session Minutes December 13, 2016 Page 3 of 4
pieces are separate parcels already platted along the 25-foot Right of Way along the street. Rowe continued by
recommending that EDC4B should take action indicating their intention as landowners of that street.
Mayor Sanders reiterated that this item was placed on the Agenda to openly discuss the issue that has been in
existence since 2000. In the early days, there was no construction and no one worried about it. Now, that
construction started happening, the Town knew there was a problem. OTD knew about this when they purchased
the land and planned to dedicate the street to the Town.
EDC4B President Wilson hopes that Bread Winners will reduce their staff as training is completed and with the
addition of the temporary lot, that the parking issue will be reduced. Wilson does not believe that the parking
issue will go away, but be significantly better than what it currently is.
Council Member Rowe stated, in his opinion, that the primary issue is visibility at the corner of Trophy Wood and
given that OTD owns the curb, including a fire hydrant that they need to maintain, he would ask OTD if they could
paint a portion of the curb red, to help alleviate a portion of the visibility issue.
Council Member Shoffner asked for clarification - is the Town sure that OTD has not already dedicated the land on
paper. Development Services Manager Cooke stated that Staff has not found a record of any dedication.
Council Member Rowe stated that the Tarrant County Appraisal website states the portion of Plaza Drive from
Plaza Branch through to Trophy Wood at this point does show that the Trophy Club Economic Development
Corporation owns it, so the dedication may have occurred and turned over to EDC4B rather than the Town.
Motion:
Motion made by Director Jensen seconded by Director Bone, that all EDC4B owned land being Plaza Drive,
including the curb, be deeded, quick claimed, or transferred to the Town of Trophy Club.
Motion passed unanimously.
Vice President Jensen announced the arrival of Director Newell at 6:56 p.m.
EXECUTIVE SESSION
3. Pursuant to the following designated sections of the Texas Government Code, Annotated, Chapter 551 (Texas
Open Meetings Act), the Town Council and EDC 4B Board will convene into Executive Session to discuss the
following: Pursuant to the following designated sections of the Texas Government Code, Annotated,
Chapter 551 (Texas Open Meetings Act), the Town Council and EDC 4B Board will convene into Executive
Session to discuss the following:
Section 551.071 Consultation with Attorney under Subsection (2) on a matter in which the duty of the
attorney to the Governmental Body under the Texas Disciplinary Rules of Professional Conduct of the
State Bar of Texas clearly conflict with the Open Meetings Act; Section 551.087 Deliberations
regarding Economic Development Negotiations under Subsection (2) to discuss or deliberate the offer of
financial or other incentives to a business prospect; and Section 551.072 Deliberation regarding Real
Property to deliberate the purchase, exchange, lease, or value of real property if deliberation in an open
meeting would have a detrimental effect on the position of the governmental body in negotiations with a
third person:
Economic Development in the area and possible real estate transactions and receive legal advice
Mayor Sanders asked that future Town Manager Tom Class be in attendance; Council and EDC 4B approved the
attendance of Mr. Class.
CONVENED INTO EXECUTIVE SESSION - START TIME – 7:00 P.M.
RECONVENED INTO JOINT SESSION - START TIME 7:44 P.M.
EDC4B Page 6 of 14 Meeting Date: Monday, January 23, 2017
EDC4B Joint Session Minutes December 13, 2016 Page 4 of 4
RECONVENE INTO JOINT SESSION
4. Consider and take appropriate action regarding the Executive Session.
Motion:
Motion made by Director Brod, seconded by Director Jensen, to direct Staff to create a Request for Information
(“RFI”) for the development of EDC4B owned property in the Trophy Wood Development for review at the next
EDC4B meeting as discussed in Executive Session.
Motion passed unanimously.
EDC 4B TO ADJOURN
Motion made by Director Jensen, seconded by Director Bone, to adjourn the Joint Session at 7:45 p.m.
Motion passed unanimously.
_____________________________________________ ___________________________________
Shannon Montgomery, TRMC, Acting Town Secretary Gregory Wilson, President
Town of Trophy Club, Texas Town of Trophy Club, Texas
EDC4B Page 7 of 14 Meeting Date: Monday, January 23, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-32-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/20/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/23/2017
Title:Consider and take appropriate action regarding the October 2016 Financials.
Attachments:EDC October Financial Report.pdf
Action ByDate Action ResultVer.
Consider and take appropriate action regarding the October 2016 Financials.
EDC4B Page 8 of 14 Meeting Date: Monday, January 23, 2017
Monthly Financial Statement
October 2016
Photo Credit:
Mayor Pro Tem Lamont 2016
EDC4B Page 9 of 14 Meeting Date: Monday, January 23, 2017
TOWN OF TROPHY CLUB
OCTOBER 2016 FINANCIAL REPORT
ECONOMIC DEVELOPMENT COPORATION 4B
Year‐to‐Date October 2016 8%
Revenue Original
Budget
Revised
Budget Year‐to‐Date Variance % Received
Sales Tax 447,509$ 447,509$ 32,294$ 415,215$ 7%
Interest Income 1,500 1,500 154 1,346 10%
Total Revenue 449,009$ 449,009$ 32,448$ 416,561$ 7%
Expenses Original
Budget
Revised
Budget Year‐to‐Date Variance % Used
Professional Outside Services 2,000$ 2,000$ ‐$ 2,000$ 0%
Auditing 1,000 1,000 ‐ 1,000 0%
Advertising 4,200 4,200 ‐ 4,200 0%
Printing 250 250 ‐ 250 0%
Schools & Training 1,000 1,000 ‐ 1,000 0%
Dues & Membership 1,050 1,050 ‐ 1,050 0%
Travel & Per Diem 422 422 ‐ 422 0%
Office Supplies 250 250 ‐ 250 0%
Miscellaneous Expense 3,500 3,500 3,500 ‐ 100%
EDC Projects 15,950 15,950 ‐ 15,950 0%
Incentive Programs 206,820 206,820 11,731 195,089 6%
Paying Agent Fee 400 400 ‐ 400 0%
Debt Service 202,423 202,423 ‐ 202,423 0%
Total Expenses 439,265$ 439,265$ 15,231$ 424,034$ 3%
Working Capital Original
Budget
Revised
Budget Year‐to‐Date Operating
Days
Beginning Working Capital 544,191$ 544,191$ 544,191$ 446
+Net Increase (Decrease)9,744 9,744 17,217 14
Ending Working Capital 553,935$ 553,935$ 561,408$ 460$
Percent of Budget Year Transpired:
EDC4B Page 10 of 14 Meeting Date: Monday, January 23, 2017
TOWN OF TROPHY CLUB
OCTOBER 2016 FINANCIAL REPORT
FY 2016 FY 2017
OCT 30,471$ 32,294$
NOV 39,522$
DEC 28,273$
JAN 32,390$
FEB 41,534$
MAR 28,162$
APR 26,920$
MAY 31,562$
JUN 30,272$
JUL 32,667$
AUG 36,701$
SEP 35,256$ 0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
EDC 4B Sales Tax Comparative
FY 2016
FY 2017
EDC4B Page 11 of 14 Meeting Date: Monday, January 23, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-33-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/20/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/23/2017
Title:Receive Acting Town Manager’s Update regarding the following; discussion and provide input
regarding same:
·Parking Lot Update
Attachments:
Action ByDate Action ResultVer.
Receive Acting Town Manager’s Update regarding the following; discussion and provide input regarding same:
·Parking Lot Update
EDC4B Page 12 of 14 Meeting Date: Monday, January 23, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-34-T Name:
Status:Type:Agenda Item Executive Session
File created:In control:1/20/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/23/2017
Title:Pursuant to the following designated section of the Texas Government Code, Annotated, Chapter 551
(Texas Open Meetings Act), the EDC 4B Board will convene into executive session to discuss the
following:
A) Section 551.087 Deliberations regarding Economic Development Negotiations under
Subsection (2) to discuss or deliberate the offer of financial or other incentives to a business prospect
that the Town seeks to have locate within the territory of the Town:
Potential Joint Development Agreement
B) Section 551.072 Deliberation regarding Real Property to discuss or deliberate the purchase,
exchange, lease, or value of real property if deliberation in an open meeting would have a detrimental
effect on the position of the governmental body in negotiations with a third person:
Possible Purchase or Sale of Real Estate
Attachments:
Action ByDate Action ResultVer.
Pursuant to the following designated section of the Texas Government Code, Annotated, Chapter 551 (Texas Open
Meetings Act), the EDC 4B Board will convene into executive session to discuss the following:
A) Section 551.087 Deliberations regarding Economic Development Negotiations under Subsection (2) to discuss or
deliberate the offer of financial or other incentives to a business prospect that the Town seeks to have locate within
the territory of the Town:
Potential Joint Development Agreement
B) Section 551.072 Deliberation regarding Real Property to discuss or deliberate the purchase, exchange, lease, or
value of real property if deliberation in an open meeting would have a detrimental effect on the position of the
governmental body in negotiations with a third person:
Possible Purchase or Sale of Real Estate
EDC4B Page 13 of 14 Meeting Date: Monday, January 23, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-35-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/20/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/24/2017
Title:Consider and take appropriate action regarding the Executive Session.
Attachments:
Action ByDate Action ResultVer.
Consider and take appropriate action regarding the Executive Session.
EDC4B Page 14 of 14 Meeting Date: Monday, January 23, 2017