Agenda Packet EDC 4B 07/17/2017Economic Development Corporation 4B
(EDC 4B)
Town of Trophy Club
Meeting Agenda
100 Municipal Drive
Trophy Club, Texas 76262
Svore Municipal Building Boardroom7:00 PMMonday, July 17, 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.
CONSENT AGENDA
1.2017-314-T Consider and take appropriate action regarding the April 24, 2017 Meeting Minutes.
DRAFT - Regular Session Minutes April 24, 2017.pdfAttachments:
2.2017-315-T Consider and take appropriate action regarding the March 2017 Financials.
3.17 Financial Report FY17 EDC4B.pdfAttachments:
3.2017-316-T Consider and take appropriate action regarding the April 2017 Financials.
4.17 Financial Report FY17 EDC4B.pdfAttachments:
4.2017-317-T Consider and take appropriate action regarding the May 2017 Financials.
5.17 Financial Report FY17 EDC4B.pdfAttachments:
REGULAR SESSION
5.2017-318-T FY2017-2018 Budget:
a. Conduct a Public Hearing regarding the proposed EDC 4B Operating Budget for
the Fiscal Year 2017-2018.
b. Consider and take appropriate action regarding the proposed EDC 4B Operating
Budget for the Fiscal Year 2017-2018.
Proposed EDC4B Budget 07-13-17.pdfAttachments:
6.2017-320-T Development Updates:
·July 6 Planning & Zoning Commission Meeting Action
·PD-30 Final Plat Status
·Beck Elementary Site Plan Amendment
Economic Development Corporation 4B Page 1 of 21 Meeting Date: Monday, July 17, 2017
July 17, 2017Economic Development
Corporation 4B (EDC 4B)
Meeting Agenda
EXECUTIVE SESSION
7.2017-319-T Pursuant to the following designated section of the Texas Government Code,
Annotated, Chapter 551 (Texas Open Meetings Act), the Board will convene into
executive session to discuss the following:
Section 551.072 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 and Section 551.087 Deliberation 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:
North of Highway 114, east of Trophy Club Drive
REGULAR SESSION
8.2017-322-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.
Economic Development Corporation 4B Page 2 of 21 Meeting Date: Monday, July 17, 2017
July 17, 2017Economic Development
Corporation 4B (EDC 4B)
Meeting Agenda
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 Thursday, July 13, 2017 by 5:00
P.M. in accordance with Chapter 551, Texas Government Code.
Shannon Montgomery, TRMC
Operations Specialist
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: ___________________________
Economic Development Corporation 4B Page 3 of 21 Meeting Date: Monday, July 17, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-314-T Name:
Status:Type:Agenda Item Consent Agenda
File created:In control:7/13/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:7/17/2017
Title:Consider and take appropriate action regarding the April 24, 2017 Meeting Minutes.
Attachments:DRAFT - Regular Session Minutes April 24, 2017.pdf
Action ByDate Action ResultVer.
Consider and take appropriate action regarding the April 24, 2017 Meeting Minutes.
Economic Development Corporation 4B Page 4 of 21 Meeting Date: Monday, July 17, 2017
MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, April 24, 2017 at 7:00 P.M.
Svore Municipal Building Boardroom
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a Regular Session on
Monday, April 24, 2017. 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
Eric Jensen Vice President
Sean Bone Director
David Brod Director
Cory McDonald Director
Michael Richmond Director
ECONOMIC DEVELOPMENT CORPORATION 4B ABSENT:
Angela Newell Treasurer/Secretary
STAFF AND GUEST(S) PRESENT:
Rylan Rowe Town Council Liaison
Thomas M. Class, Sr. Town Manager
Shannon Montgomery Operations Specialist
Lisa Reich Town Planner
John Zagurski Budget Manager
President Wilson announced the date of Monday, April 24, 2017, called the EDC4B Board to order and announced
a quorum at 7:00 p.m.
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.
There were no Citizen Presentations made.
REGULAR SESSION
1. Consider and take appropriate action regarding the November 14, 2016 Meeting Minutes.
Motion:
Motion made by Director Brod, seconded by Director Bone, to approve the November 14, 2016 meeting minutes
as presented.
Motion passed unanimously.
Economic Development Corporation 4B Page 5 of 21 Meeting Date: Monday, July 17, 2017
EDC4B Regular Session Minutes April 24, 2017 Page 2 of 2
2. Consider and take appropriate action regarding the January 23, 2017 Meeting Minutes.
3. Consider and take appropriate action regarding the November 2016 Financials.
4. Consider and take appropriate action regarding the December 2016 Financials.
5. Consider and take appropriate action regarding the January 2017 Financials.
6. Consider and take appropriate action regarding the February 2017 Financials.
Motion:
Motion made by Director Bone, seconded by Director Jensen, to approve items 2 through 6 as presented.
Motion passed unanimously.
7. Review and provide direction to Staff regarding the Trophy Wood District Request for Proposal.
Budget Manager John Zagurski presented the Board with the draft Proposal. The Directors gave Staff a few
changes. The Board then discussed possible deadlines for submittals.
The consensus of the Board was to have the deadline of Friday, June 16 and see what submittals they receive and
decide closer to the deadline if they need to extend the deadline.
8. Development Updates:
• HG Sply
Town Planner Lisa Reich updated the Board and addressed questions; no action was taken.
9. Town Manager Updates:
• Annual Volunteer Reception - Friday, May 19, 2017
Town Manager Class invited the Directors to the Annual Volunteer Reception and updated the Board that the
event date has changed to Friday, June 2, 2017.
No action was taken on this item.
ADJOURN
Motion made by Director Bone, seconded by Director Brod, to adjourn. Meeting adjourned at 7:27 p.m.
Motion passed unanimously.
_____________________________________________ ___________________________________
Shannon Montgomery, TRMC, Operations Specialist Greg Wilson, President, EDC 4B
Town of Trophy Club, Texas Town of Trophy Club, Texas
Economic Development Corporation 4B Page 6 of 21 Meeting Date: Monday, July 17, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-315-T Name:
Status:Type:Agenda Item Consent Agenda
File created:In control:7/13/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:7/17/2017
Title:Consider and take appropriate action regarding the March 2017 Financials.
Attachments:3.17 Financial Report FY17 EDC4B.pdf
Action ByDate Action ResultVer.
Consider and take appropriate action regarding the March 2017 Financials.
Economic Development Corporation 4B Page 7 of 21 Meeting Date: Monday, July 17, 2017
Monthly Financial Statement
March 2017
Photo Credit:
Mayor Pro Tem Lamont 2016
Economic Development Corporation 4B Page 8 of 21 Meeting Date: Monday, July 17, 2017
TOWN OF TROPHY CLUB
MARCH 2017 FINANCIAL REPORT
ECONOMIC DEVELOPMENT COPORATION 4B
Year-to-Date March 2017 50%
Revenue Original
Budget
Revised
Budget Year-to-Date Variance % Received
Sales Tax 447,509$ 447,509$ 225,773$ 221,736$ 50%
Interest Income 1,500 1,500 1,322 178 88%
Total Revenue 449,009$ 449,009$ 227,095$ 221,914$ 51%
Expenses Original
Budget
Revised
Budget Year-to-Date Variance % Used
Professional Outside Services 2,000$ 2,000$ 500$ 1,500$ 25%
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 30 220 12%
Miscellaneous Expense 3,500 3,500 3,500 - 100%
EDC Projects 15,950 15,950 17,018 (1,068) 107%
Incentive Programs 206,820 206,820 70,386 136,434 34%
Paying Agent Fee 400 400 200 200 50%
Debt Service 202,423 202,423 - 202,423 0%
Total Expenses 439,265$ 439,265$ 91,634$ 347,631$ 21%
Working Capital Original
Budget
Revised
Budget Year-to-Date Operating
Days
Beginning Working Capital 544,191$ 544,191$ 561,247$ 460
+Net Increase (Decrease)9,744 9,744 135,461 111
Ending Working Capital 553,935$ 553,935$ 696,708$ 571$
As of preliminary audit of FY15-16 CAFR.
Percent of Budget Year Transpired:
Debris clean-up near Hampton Inn.
Temporary parking lot.
Economic Development Corporation 4B Page 9 of 21 Meeting Date: Monday, July 17, 2017
TOWN OF TROPHY CLUB
MARCH 2017 FINANCIAL REPORT
FY 2016 FY 2017
OCT 30,471$ 32,294$
NOV 39,522$ 44,588$
DEC 28,273$ 33,146$
JAN 32,390$ 33,122$
FEB 41,534$ 46,461$
MAR 28,162$ 36,160$
APR 26,920$
MAY 31,562$
JUN 30,272$
JUL 32,667$
AUG 36,701$
SEP 35,256$ 0
10,000
20,000
30,000
40,000
50,000
EDC 4B Sales Tax Comparative
FY 2016
FY 2017
Economic Development Corporation 4B Page 10 of 21 Meeting Date: Monday, July 17, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-316-T Name:
Status:Type:Agenda Item Consent Agenda
File created:In control:7/13/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:7/17/2017
Title:Consider and take appropriate action regarding the April 2017 Financials.
Attachments:4.17 Financial Report FY17 EDC4B.pdf
Action ByDate Action ResultVer.
Consider and take appropriate action regarding the April 2017 Financials.
Economic Development Corporation 4B Page 11 of 21 Meeting Date: Monday, July 17, 2017
TOWN OF TROPHY CLUB
APRIL 2017 FINANCIAL REPORT
ECONOMIC DEVELOPMENT COPORATION 4B
Year-to-Date April 2017 58%
Revenue Original
Budget
Revised
Budget Year-to-Date Variance % Received
Sales Tax 447,509$ 447,509$ 255,579$ 255,579$ 57%
Interest Income 1,500 1,500 1,637 1,637 109%
Total Revenue 449,009$ 449,009$ 257,215$ 257,215$ 57%
Expenses Original
Budget
Revised
Budget Year-to-Date Variance % Used
Professional Outside Services 2,000$ 2,000$ 500$ 1,500$ 25%
Auditing 1,000 1,000 1,000 - 100%
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 30 220 12%
Miscellaneous Expense 3,500 3,500 3,535 (35) 101%
EDC Projects 15,950 15,950 17,018 (1,068) 107%
Incentive Programs 206,820 206,820 82,118 124,702 40%
Paying Agent Fee 400 400 200 200 50%
Debt Service 202,423 202,423 - 202,423 0%
Total Expenses 439,265$ 439,265$ 104,400$ 334,865$ 24%
Working Capital Original
Budget
Revised
Budget Year-to-Date Operating
Days
Beginning Working Capital 544,191$ 544,191$ 561,247$ 460
+Net Increase (Decrease)9,744 9,744 152,815 125
Ending Working Capital 553,935$ 553,935$ 714,062$ 585$
As of preliminary audit of FY15-16 CAFR.
Percent of Budget Year Transpired:
Debris clean-up near Hampton Inn.
Temporary parking lot.
Economic Development Corporation 4B Page 12 of 21 Meeting Date: Monday, July 17, 2017
TOWN OF TROPHY CLUB
APRIL 2017 FINANCIAL REPORT
FY 2016 FY 2017
OCT 30,471$ 32,294$
NOV 39,522$ 44,588$
DEC 28,273$ 33,146$
JAN 32,390$ 33,122$
FEB 41,534$ 46,461$
MAR 28,162$ 36,160$
APR 26,920$ 29,806$
MAY 31,562$
JUN 30,272$
JUL 32,667$
AUG 36,701$
SEP 35,256$
0
10,000
20,000
30,000
40,000
50,000
EDC 4B Sales Tax Comparative
FY 2016
FY 2017
Economic Development Corporation 4B Page 13 of 21 Meeting Date: Monday, July 17, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-317-T Name:
Status:Type:Agenda Item Consent Agenda
File created:In control:7/13/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:7/17/2017
Title:Consider and take appropriate action regarding the May 2017 Financials.
Attachments:5.17 Financial Report FY17 EDC4B.pdf
Action ByDate Action ResultVer.
Consider and take appropriate action regarding the May 2017 Financials.
Economic Development Corporation 4B Page 14 of 21 Meeting Date: Monday, July 17, 2017
TOWN OF TROPHY CLUB
MAY 2017 FINANCIAL REPORT
ECONOMIC DEVELOPMENT COPORATION 4B
Year-to-Date May 2017 67%
Revenue Original
Budget
Revised
Budget Year-to-Date Variance % Received
Sales Tax 447,509$ 447,509$ 293,644$ 255,579$ 66%
Interest Income 1,500 1,500 2,035 1,637 136%
Total Revenue 449,009$ 449,009$ 295,680$ 257,215$ 66%
Expenses Original
Budget
Revised
Budget Year-to-Date Variance % Used
Professional Outside Services 2,000$ 2,000$ 500$ 1,500$ 25%
Auditing 1,000 1,000 1,000 - 100%
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 30 220 12%
Miscellaneous Expense 3,500 3,500 3,535 (35) 101%
EDC Projects 15,950 15,950 17,018 (1,068) 107%
Incentive Programs 206,820 206,820 93,849 112,971 45%
Paying Agent Fee 400 400 200 200 50%
Debt Service 202,423 202,423 - 202,423 0%
Total Expenses 439,265$ 439,265$ 116,131$ 323,134$ 26%
Working Capital Original
Budget
Revised
Budget Year-to-Date Operating
Days
Beginning Working Capital 544,191$ 544,191$ 561,247$ 460
+Net Increase (Decrease)9,744 9,744 179,548 147
Ending Working Capital 553,935$ 553,935$ 740,795$ 607$
As of preliminary audit of FY15-16 CAFR.
Percent of Budget Year Transpired:
Debris clean-up near Hampton Inn.
Temporary parking lot.
Economic Development Corporation 4B Page 15 of 21 Meeting Date: Monday, July 17, 2017
TOWN OF TROPHY CLUB
MAY 2017 FINANCIAL REPORT
FY 2016 FY 2017
OCT 30,471$ 32,294$
NOV 39,522$ 44,588$
DEC 28,273$ 33,146$
JAN 32,390$ 33,122$
FEB 41,534$ 46,461$
MAR 28,162$ 36,160$
APR 26,920$ 29,806$
MAY 31,562$ 38,066$
JUN 30,272$
JUL 32,667$
AUG 36,701$
SEP 35,256$ 0
10,000
20,000
30,000
40,000
50,000
EDC 4B Sales Tax Comparative
FY 2016
FY 2017
Economic Development Corporation 4B Page 16 of 21 Meeting Date: Monday, July 17, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-318-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:7/13/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:7/17/2017
Title:FY2017-2018 Budget:
a. Conduct a Public Hearing regarding the proposed EDC 4B Operating Budget for the Fiscal
Year 2017-2018.
b. Consider and take appropriate action regarding the proposed EDC 4B Operating Budget for
the Fiscal Year 2017-2018.
Attachments:Proposed EDC4B Budget 07-13-17.pdf
Action ByDate Action ResultVer.
FY2017-2018 Budget:
a. Conduct a Public Hearing regarding the proposed EDC 4B Operating Budget for the Fiscal Year 2017-2018.
b. Consider and take appropriate action regarding the proposed EDC 4B Operating Budget for the Fiscal Year 2017
-2018.
Economic Development Corporation 4B Page 17 of 21 Meeting Date: Monday, July 17, 2017
-Budget-
Financial Summary FY 2014
ACTUAL
FY 2015
ACTUAL
FY 2016
ACTUAL
FY 2017
BUDGET
FY 2017
ESTIMATE
FY 2018
PROPOSED
Beginning Working Capital $ 188,703 $ 339,714 $ 406,524 $ 544,191 $ 561,246 $ 642,163
Revenues 326,901 366,302 401,910 449,009 453,625 467,501
Expenses (175,890) (299,492) (247,188) (439,265) (372,708) (417,968)
Net Increase (Decrease) 151,011 66,809 154,722 9,744 80,917 49,533
Ending Working Capital $ 339,714 $ 406,524 $ 561,246 $ 553,935 $ 642,163 $ 691,696
EDC 4B FY 2014
ACTUAL
FY 2015
ACTUAL
FY 2016
ACTUAL
FY 2017
BUDGET
FY 2017
ESTIMATE
FY 2018
PROPOSED
FY 2019
PROJECTED
FY 2020
PROJECTED
Beginning Working Capital 188,703$ 339,714$ 406,524$ 544,191$ 561,246$ 642,163$ 691,696$ 767,335$
Revenue
Sales Tax - General 322,784$ 365,764$ 400,621$ 447,509$ 451,625$ 465,501$ 494,807$ 510,531$
NTX Magazine Revenue 3,938 - - - - - - -
Interest Income 179 537 1,289 1,500 2,000 2,000 2,000 2,000
Total Revenue 326,901$ 366,302$ 401,910$ 449,009$ 453,625$ 467,501$ 496,807$ 512,531$
Expenses
Professional Outside Services -$ -$ -$ 2,000$ 2,000$ 2,000$ 2,000$ 2,000$
Auditing 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Election - - - - - - - -
Advertising 7,704 2,780 95 4,200 1,000 - - -
Printing 1,000 450 - 250 - 200 200 200
Discover Trophy Club Magazine - - - - - - - -
Schools & Training 1,430 270 345 1,000 500 1,000 1,000 1,000
Dues & Membership 650 270 - 1,050 1,050 1,150 1,150 1,200
Travel & Per Diem 132 30 30 422 392 422 422 422
Office Supplies 220 15 - 250 100 250 250 250
Community Events - - - - - - - -
Miscellaneous Expense 6,059 7,641 2,500 3,500 6,050 3,000 3,000 3,000
EDC Projects 36,133 3,590 3,500 15,950 17,020 1,950 1,950 1,950
Incentive Programs - 93,849 140,773 206,820 140,773 205,773 205,773 205,773
Transfer to General Fund 66,597 89,964 - - - - - -
Transfer to Debt Service 54,964 - - 202,423 202,423 200,823 204,023 201,555
Bond Interest - 1,883 98,745 - - - - -
Debt Issue Cost - 97,351 - - - - - -
Paying Agent Fees - 400 200 400 400 400 400 400
Total Expenses 175,890$ 299,492$ 247,188$ 439,265$ 372,708$ 417,968$ 421,168$ 418,750$
Net Increase (Decrease)151,011$ 66,809$ 154,722$ 9,744$ 80,917$ 49,533$ 75,639$ 93,781$
Ending Working Capital 339,714$ 406,524$ 561,246$ 553,935$ 642,163$ 691,696$ 767,335$ 861,116$
EDC 4B Fund
% Change
(Bud. Vs. Pro.)
18%
4%
-5%
408%
25%
----------------Past---------------------Projected Year-----
Economic Development Corporation 4B Page 18 of 21 Meeting Date: Monday, July 17, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-320-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:7/13/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:7/17/2017
Title:Development Updates:
· July 6 Planning & Zoning Commission Meeting Action
· PD-30 Final Plat Status
·Beck Elementary Site Plan Amendment
Attachments:
Action ByDate Action ResultVer.
Development Updates:
·July 6 Planning & Zoning Commission Meeting Action
·PD-30 Final Plat Status
·Beck Elementary Site Plan Amendment
Economic Development Corporation 4B Page 19 of 21 Meeting Date: Monday, July 17, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-319-T Name:
Status:Type:Agenda Item Executive Session
File created:In control:7/13/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:7/17/2017
Title:Pursuant to the following designated section of the Texas Government Code, Annotated, Chapter 551
(Texas Open Meetings Act), the Board will convene into executive session to discuss the following:
Section 551.072 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 and Section
551.087 Deliberation 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:
North of Highway 114, east of Trophy Club Drive
Attachments:
Action ByDate Action ResultVer.
Pursuant to the following designated section of the Texas Government Code, Annotated, Chapter 551 (Texas Open
Meetings Act), the Board will convene into executive session to discuss the following:
Section 551.072 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 and Section 551.087 Deliberation 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:
North of Highway 114, east of Trophy Club Drive
Economic Development Corporation 4B Page 20 of 21 Meeting Date: Monday, July 17, 2017
100 Municipal Drive
Trophy Club, Texas 76262Town of Trophy Club
Legislation Details (With Text)
File #: Version:12017-322-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:7/13/2017 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:7/17/2017
Title:Consider and take appropriate action regarding the Executive Session.
Attachments:
Action ByDate Action ResultVer.
Consider and take appropriate action regarding the Executive Session.
Economic Development Corporation 4B Page 21 of 21 Meeting Date: Monday, July 17, 2017