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Minutes EDC 4B 03/27/2018 TOWN OF TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION 4B JOINT SESSION MINUTES TUESDAY,MARCH 27,2018,7:00 P.M. LOCATION:1 TROPHY WOOD DRIVE,TROPHY CLUB,TEXAS COUNCIL CHAMBERS The Economic Development Corporation (EDC) 4B of the Town of Trophy Club, Texas, met in a Joint Session on Tuesday, March 27,2018.The meeting was held within the boundaries of the Town and was open to the public. EDC 4B MEMBERS PRESENT: Sean Bone President Michael Richmond Secretary/Treasurer Travis Inge Director Jared Hall Director Steve Flynn Director Cory McDonald Director EDC 4B MEMBERS ABSENT: Chris Whipple Director TOWN COUNCIL MEMBERS PRESENT: C. Nick Sanders Mayor Rhylan Rowe Mayor Pro Tem, Place 3 Alicia L. Fleury Council Member, Place 1 Eric Jensen Council Member, Place 2 Tim Kurtz Council Member, Place 4 Greg Lamont Council Member, Place 5 Philip Shoffner Council Member, Place 6 TAX INCREMENT REINVESTMENT ZONE(TIRZ)NO.1 PRESENT: Sean Bone Chairperson Jared Hall Vice Chairperson Travis Inge Board Member Cory McDonald Board Member TIRZ NO.1 ABSENT: Rebecca Barksdale Board Member,Tarrant County Official STAFF PRESENT: Tom Class Town Manager Anita Otterson Administrative Assistant David Dodd Town Attorney Mike Pastor Information Technology Manager Holly Fimbres Town Secretary/RMO Jonathan Phillips Director of Administrative Services Wade Carroll Fire Chief Tommy Uzee Director of Community Development Tony Jaramillo Director of Parks and Recreation John Zagurski Budget Manager Amber Karkauskas Director of Finance Steve Zieverink Information Technology Specialist President Bone announced the date of Tuesday, March 27, 2018,called the EDC 4B Joint Session meeting to order and announced a quorum at 7:03 p.m. CITIZEN PRESENTATIONS Citizens are allowed four(4)minutes to address the Corporation regarding an item over which the Corporation has policy or oversight authority as provided by Texas law, the ethics order,or other policy order. Jim Carter, 1005 Roadrunner Road, Bartonville, Texas, advised that he was running for Denton County Commissioner Precinct 4 and announced that early voting would be from May 14th through May 18th for the Primary Runoff with Election Day voting on May 22nd. JOINT SESSION 1. Consider and take appropriate action regarding the appointment of the Vice President. Motion: Motion made by President Bone, seconded by Director Inge, to appoint Cory McDonald to serve as the Vice President. Motion carried 5-1-0, with President Bone, Secretary/Treasurer Richmond, and Directors Inge, Hall, and Flynn voting for and Director McDonald abstaining. 2. Consider and take appropriate action regarding the EDC 4B minutes dated January 18,2018. Motion: Motion made by President Bone, seconded by Director Flynn, to approve the EDC 4B minutes dated January 18, 2018. Motion carried 6-0-0. EXECUTIVE SESSION 3. Pursuant to the following designated section of the Texas Government Code, Annotated, Chapter 551 (Texas Open Meetings Act),the Council will convene into executive session to discuss the following: A) Section 551.087 Deliberation regarding Economic Development Negotiations under Subsection (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate,stay,or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations and Subsection (2)to deliberate the offer of a financial or other incentive to a business prospect that the Town seeks to have locate within the territory of the Town: Potential Projects and Incentives CONVENED INTO EXECUTIVE SESSION-START TIME—7:23 P.M. RECONVENED INTO REGULAR SESSION-START TIME—7:51 P.M. RECONVENED INTO JOINT SESSION 4. Consider and take appropriate action regarding the Executive Session. No action was taken on this item. ADJOURN Motion: Motion made by President Bone,seconded by Secretary/Treasurer Richmond,to adjourn the meeting at 7:52 p.m. Motion carried 6-0-0. 4"6a--ca-ar(s<.21 e;16,- Anita Otterson,Administrative Specialist Sean Bone, President Town of Trophy Club,Texas Town of Trophy Club,Texas EDC 4B Joint Minutes March 27,2018 Page 2 of 2