Minutes EDC 4B 12/04/2017 MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION:1 TROPHY WOOD DRIVE,TROPHY CLUB,TEXAS
Monday,December 4,2017 at 7:00 P.M.
Town Hall Training/EOC Room
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a Regular Session on
Monday, December 4,2017.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:
David Brod President
Sean Bone Vice President
Michael Richmond Secretary/Treasurer
Steve Flynn Director
Travis Inge Director
Cory McDonald Director
Jared Hall Director
STAFF AND GUEST(S)PRESENT:
Philip Shoffner Town Council Liaison
Thomas M.Class,Sr. Town Manager
Lisa Reich Town Planner
Holly Fimbres Town Secretary
Anita Otterson Administrative Assistant
President David Brod announced the date of Monday, December 4, 2017, called the EDC 4B Board to order and
announced a quorum at 7:01 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 AGENDA
1. Consider and take appropriate action regarding the November 6,2017 Meeting Minutes.
Motion:
Motion made by Vice President Bone,seconded by Director McDonald,to approve the November 6,2017 meeting
minutes.
Motion passed unanimously(7-0).
2. Receive an update from Town Staff regarding the following Town developments:
• HG Sply
• Holiday Inn
Town Planner Lisa Reich provided an update to the Corporation and addressed questions; no action was taken.
EXECUTIVE SESSION
3. 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:
A) 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:
Old Town Development
CONVENED INTO EXECUTIVE SESSION AT 7:04 P.M
RECONVENED INTO REGULAR SESSION AT 8:32 P.M.
REGULAR SESSION
4. Consider and take appropriate action resulting from the Executive Session.
Motion:
Motion made by President Brod, seconded by Vice President Bone, to direct Town Staff to work with Old Town
Development as well as Town Council to move forward in outlining the terms of a development agreement with
Old Town Development for the Trophy Wood Phase Ill development as outlined and discussed during Executive
Session.
Motion passed unanimously(7-0).
ADJOURN
Motion:
Motion made by Vice President Bone,seconded by President Brod to adjourn the meeting at 8:34 p.m.
Motion passed unanimously(7-0).
d)ii °1L
Anita Otterson,Administrative Specialist David Brod,Presidknt, E 4B
Town of Trophy Club,Texas Town of Trophy Club,Texas
EDC 4B Regular Session Minutes December 4,2017 Page 2 of 2