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Minutes EDC 4B 06/01/2015 - Joint SessionMINUTES FROM JOINT SESSION TOWN OF TROPHY CLUB TOWN COUNCIL AND ECONOMIC DEVELOPMENT CORPORATION 4B LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS Monday, June 1, 2015 at 7:00 P.M. Svore Municipal Building Boardroom The Town Council of the Town of Trophy Club, Texas, and the Economic Development Corporation 4B (EDC 4B), met in a Joint Session on Monday, June 1, 2015, at 7:00 p.m. The meeting was held within the boundaries of the Town and was open to the public. STATE OF TEXAS § COUNTY OF DENTON § COUNTY OF TARRANT § TOWN COUNCIL MEMBERS PRESENT: C. Nick Sanders Mayor Greg Lamont Mayor Pro Tem, Place 5 Jim Farrow Council Member, Place 1 Rhylan Rowe Council Member, Place 3 arrived at 7:06 p.m. Tim Kurtz Council Member, Place 4 Philip Shoffner Council Member, Place 6 TOWN COUNCIL MEMBERS ABSENT: Garrett Reed Council Member, Place 2 STAFF AND GUEST(S) PRESENT: Stephen Seidel Town Manager Patricia Adams Town Attorney Steven Glickman Assistant Town Manager/CFO Holly Fimbres Town Secretary/RMO ECONOMIC DEVELOPMENT CORPORATION 4B MEMBERS PRESENT: Gregory Wilson President David Brod Vice President Gerald Rapp Secretary/Treasurer Sean Weaver Director Eric Jensen Director Sean Bone Director ECONOMIC DEVELOPMENT CORPORATION 4B MEMBERS ABSENT: Rebecca Shuman Director Mayor Sanders and Economic Development Corporation (EDC) 4B President Wilson announced the date of Monday, June 1, 2015, called the Joint Session to order and announced a quorum at 7:04 p.m. CONVENE INTO JOINT SESSION - START TIME — 7:04 P.M. CITIZEN PRESENTATIONS This is an opportunity for citizens to address the Council and EDC 4B on any matter whether or not it is posted on the agenda. The Council and EDC 4B is not permitted to take action on or discuss any presentations made to the Council and EDC 4B at this time concerning an item not listed on the agenda. The Council and EDC 4B will hear presentations on specific agenda items prior to the Council and EDC 4B addressing those items. You may speak up Town Council Joint Minutes June 1, 2015 Page 1 of 3 to four (4) minutes or the time limit determined by the Mayor and EDC 48 President or presiding officer. To speak during this item you must complete the Speaker's form that includes the topic(s) of your statement. Topics of presentation should be limited to matters over which the Council and EDC 48 has authority. There were no citizen presentations. EXECUTIVE SESSION 1. Pursuant to the following designated sections of the Texas Local Government Code, Annotated, Chapter 551, the Economic Development Corporation 4B (EDC 413) Board will convene into closed executive session with the Town Council to discuss the following: A. Texas Government Code Section 551.087 Deliberation 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. (1) Potential Projects in the Trophy Wood Drive area CONVENE INTO EXECUTIVE SESSION - START TIME — 7:06 P.M. RECONVENE INTO REGULAR SESSION - START TIME —7:53 P.M. RECONVENE INTO JOINT SESSION - START TIME — 7:53 P.M. (Town Secretary Note: Agenda Item No. 3 was presented before Agenda Item No. 2) 2. Discussion regarding the EDC 4B budget for Fiscal Year 2015-2016. Town Manager Seidel stated that contingent upon the outcome of the action taken after the Executive Session, will determine the EDC 4B budget for Fiscal Year 2015-2016, which will be presented later for review and discussion. No action was taken on this item. 3. Consider and take appropriate action regarding the Executive Session. Motion: Motion made by EDC 4B President Wilson, seconded by EDC 4B Director Jenson, to authorize the Town Manager to proceed in deliberations for acquisition of property for the purpose of economic development as discussed in Executive Session. Motion passed unanimously. ADJOURN Motion made by EDC 4B Vice President Brod, seconded by EDC 4B Director Weaver, to adjourn. Motion carried uyfpnimously. MeetinUdjoy(ned at 7:56 p.m. Gregory WIkon, EDC 4B President Gerald Rapp, EDC 4B Secretary/Treasurer Town Council Joint Minutes June 1, 2015 Page 2 of 3 Mayor Sanders adjourned the meeting at 7:57 p.m. "- D Q—M �4A0-� 6� IV, — 1", 1 �-7 1� � � Holly Fimbres Town Secretary/RMO C. Nick Sanders, Mayor Town of Trophy Club, Texas Town of Trophy Club, Texas