Minutes EDC 4B 10/03/2016MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, October 3, 2016
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 3, 2016. The meeting was held within the boundaries of the Town and was
open to the public.
CALL TO ORDER AND ANNOUNCE A QUORUM
President Greg Wilson called the October 3, 2016, EDC 4B meeting to order at 7:00 p.m. and
announced a quorum present (5 members).
EDC 4B DIRECTOR(S) PRESENT:
Gregory Wilson
President
Eric Jensen
Vice President
Angela Newell
Treasurer/Secretary
David Brod
Director
Sean Bone
Director arrived late (7:04 pm)
Michael Richmond
Director
EDC 4B DIRECTOR(S) ABSENT:
Cory McDonald Director
STAFF AND GUEST(S) PRESENT:
Steven Glickman Assistant Town Manager
Robbie Killingsworth Recording Secretary
Rhylan Rowe Town Council
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.
President Greg Wilson asked if there were any public requests to speak. No public requests
were turned in.
REGULAR SESSION
1. 2016-670-T Consider and take appropriate action by Economic Development
Corporation 4B (EDC 413) to appoint a President.
President Greg Wilson asked for a motion.
Motion by Director David Brod, seconded by Director Eric Jensen to reappoint President Greg
Wilson as President of Economic Development Corporation 4B (EDC 4B).
President Greg Wilson asked for comments or questions from the directors.
President Greg Wilson asked for a vote.
Motion passed unanimously (5-0).
2. 2016-571-T Consider and take appropriate action by Economic Development
Corporation 4B (EDC 4B) to appoint a Vice President.
President Greg Wilson asked for a motion.
Motion by Director David Brod, seconded by Director Michael Richmond to appoint Director Eric
Jensen as Vice President of Economic Development Corporation 4B (EDC 4B).
President Greg Wilson asked for comments or questions from the directors.
President Greg Wilson asked for a vote.
Motion passed unanimously (5-0).
3. 2016-572-T Consider and take appropriate action regarding the July 18, 2016
Economic Development Corporation 4B (EDC 4B) minutes.
President Greg Wilson asked for a motion.
Motion by Director Angela Newell, seconded by Director David Brod to approve the July 18,
2016 Economic Development Corporation 4B (EDC 4B) minutes as presented.
President Greg Wilson asked for comments or questions from the directors.
President Greg Wilson asked for a vote.
Motion passed unanimously (6-0).
4. 2016-573-T Discuss and take appropriate action regarding the June 2016
Financials.
Motion by Director Sean Bone, seconded by Vice President Eric Jensen to approve the
following as presented:
• June 2016 Financials.
• July 2016 Financials.
President Greg Wilson asked for comments or questions from the directors.
Vice President Jensen asked Assistant Town Manager, Steven Glickman for an update.
Update was given by Steven Glickman, Assistant Town Manager.
President Greg Wilson asked for any further comments or questions from the directors.
President Greg Wilson asked for a vote.
October 3, 2016 EDC 4B Minutes Page 2 of 4
Motion passed unanimously (6-0).
5. 2016-574-T Discuss and take appropriate action regarding the July 2016
Financials.
(Action handled in Agenda Item 4).
EXECUTIVE SESSION
6. 2016-575-T Pursuant to the following designated sections of the Texas
Government Code, Annotated, Chapter 551 (Texas Open Meetings Act),
the Board will convene into executive session to discuss the following:
Section 551.087 Deliberations regarding Economic Development
Negotiations 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 Projects and Incentives
CONVENE INTO EXECUTIVE SESSION - 7:06 P.M.
EXECUTIVE SESSION - CLOSED - 7:42 P.M.
RECONVENE INTO REGULAR SESSION - 7:43 P.M.
REGULAR SESSION
7. 2016-576-T Consider and take appropriate action regarding the Executive
Session.
President Greg Wilson asked for a motion.
Motion by Director David Brod, seconded by Director Sean Bone to approve the ECONOMIC
DEVELOPMENT AGREEMENT and the AMENDED ECONOMIC DEVELOPMENT
AGREEMENT as presented.
President Greg Wilson asked for comments or questions from the directors.
President Greg Wilson asked for a vote.
Motion passed unanimously (6-0).
October 3, 2016 EDC 413 Minutes Page 3 of 4
8. 2016-577-T Assistant Town Manager Update:
Sales Tax Projection
Meat U Anywhere
OTD
PD -30
Bread Winner's
Assistant Town Manager Steven Glickman provided updates and answered questions related to
the topics above.
ADJOURN
Motion by Director Sean Bone, seconded by Vice President Eric Jensen to adjourn. Motion
passed unanimously (6-0).
The Board adjourned at 7:45 P.M.
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Gregory W1 , President
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Angela Newell, T asurer/Secretary
October 3, 2016 EDC 4B Minutes Page 4 of 4