Minutes EDC 4B 06/12/2018 TOWN OF TROPHY CLUB
ECONOMIC DEVELOPMENT CORPORATION 4B JOINT SESSION MINUTES
TUESDAY,JUNE 12,2018,6:45 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,June 12,2018.The meeting was held within the boundaries of the Town and was open to the public.
EDC 4B MEMBERS PRESENT:
Sean Bone President
Cory McDonald Vice President
Michael Richmond Secretary/Treasurer
Travis Inge Director
Jared Hall Director
Chris Whipple Director
EDC 4B MEMBERS ABSENT:
Steve Flynn Director
TOWN COUNCIL MEMBERS PRESENT:
C.Nick Sanders Mayor
Philip Shoffner Mayor Pro Tem, Place 6
Alicia L.Fleury Council Member, Place 1
Eric Jensen Council Member, Place 2
Rhylan Rowe Council Member, Place 3
Tim Kurtz Council Member, Place 4
Greg Lamont Council Member, Place 5
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 Lisa Payne Town Planner
Patrick Arata Police Chief Jonathan Phillips Director of Administrative Services
Wade Carroll Fire Chief Tommy Uzee Director of Community Development
Tony Jaramillo Director of Parks and Recreation Steve Woodard Police Captain
Amber Karkauskas Director of Finance John Zagurski Budget Manager
Jill Lind Communications&Marketing Manager Steve Zieverink Information Technology Specialist
President Bone announced the date of Tuesday,June 12, 2018, called the EDC 4B Joint Session meeting to order and
announced a quorum at 6:46 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.
There were no citizen presentations.
JOINT SESSION
1. Consider and take appropriate action regarding the EDC 4B minutes dated March 27,2018.
Motion:
Motion made by Director Inge, seconded by Vice President McDonald, to approve the EDC 4B minutes dated March
27,2018.
Motion carried 6-0-0.
EXECUTIVE SESSION
2. Pursuant to the following designated section of the Texas Government Code, Annotated, Chapter 551 (Texas
Open Meetings Act),the EDC 4B convened 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:
Possible amendments to OTD Agreements
CONVENED INTO EXECUTIVE SESSION-START TIME—6:48 P.M.
RECONVENED INTO REGULAR SESSION-START TIME—7:12 P.M.
RECONVENED INTO JOINT SESSION
3. Consider and take appropriate action regarding the Executive Session.
Motion:
Motion made by President Bone, seconded by Secretary/Treasurer Richmond, to approve the Amended Economic
Development Agreement between the Town of Trophy Club, TIRZ No. 1, EDC 4B, and OTD TC, LLC for the Bread
Winners property as presented with the following amendments: on page 3, in Article II, Definitions, to replace 3.88
acres with the appropriate acreage of 2.0517 within the Property definition; and on page 6, in Article IV, EDC
Obligations,within Section 4.1(a)to replace"Developer's debt"with"EDC's obligation"..
Motion carried 6-0-0.
Motion:
Motion made by President Bone, seconded by Director Hall, to approve the Amended Economic Development
Agreement between the Town of Trophy Club, TIRZ No. 1, EDC 4B, and OTD TC, LLC for the HG Sply property as
presented with the following amendments: on page 3, in Article II, Definitions, to replace 3.88 acres with the
appropriate acreage of 1.8331 within the Property definition; and on page 6, in Article IV, EDC Obligations, within
Section 4.1(a)to replace"Developer's debt"with"EDC's obligation".
Motion carried 6-0-0.
ADJOURN
Motion:
Motion made by President Bone,seconded by Vice President McDonald,to adjourn the meeting at 7:16 p.m.
Motion carried 6-0-0.
Anita Otterson, 'dministrative Specialist Sean Bone, resident
Town of Trophy Club,Texas Town of Trophy Club,Texas
EDC 4B Joint Minutes June 12,2018 Page 2 of 2