Agenda Packet EDC 4B 05/28/2019
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EDC 4B Corporation2 of 13Meeting Date: Tuesday, May 28, 2019
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EDC 4B Corporation3 of 13Meeting Date: Tuesday, May 28, 2019
1 Trophy Wood Drive
Town of Trophy Club
Trophy Club, Texas 76262
Legislation Details (With Text)
File #: Version:Name:
2019-245-T1
Type:Status:
Agenda ItemRegular Session
File created:In control:
5/22/2019Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:
5/28/2019
Title:
Consider and take appropriate action regarding the appointment of the President.
Attachments:
Staff Report - EDC4B Members.pdf
DateVer.Action ByActionResult
Consider and take appropriate action regarding the appointment of the President.
EDC 4B Corporation4 of 13Meeting Date: Tuesday, May 28, 2019
To: Economic Development Corporation 4B
From: Jonathan Phillips, Interim Town Manager
CC: Julie Smestad, Administrative Specialist
Re: EDC4B Members
EDC4B Meeting, May 28, 2019
Agenda Item:
Consider and take appropriate action regarding the appointment of the President.
Explanation:
Below represents the current members of the EDC4B:
Economic Development Corporation 4B
1.
Vacant Position (2019) 5. Jared Hall (2020) – Director
2.
John Nordberg (2019) – Director 6. Chris Whipple (2020) – Director
3.
Travis Inge (2019) – Director 7. Cory McDonald (2020) – Vice President
4.
Michael Richmond (2019) –
Secretary/Treasurer
Council Liaison: Mayor Pro Tem Eric Jensen
EDC 4B Corporation5 of 13Meeting Date: Tuesday, May 28, 2019
1 Trophy Wood Drive
Town of Trophy Club
Trophy Club, Texas 76262
Legislation Details (With Text)
File #: Version:Name:
2019-229-T1
Type:Status:
Agenda ItemRegular Session
File created:In control:
5/21/2019Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:
5/28/2019
Title:
Consider and take appropriate action regarding the EDC 4B minutes dated January 29, 2019
Attachments:
DRAFT Joint Session Minutes 01.29.2019.pdf
DateVer.Action ByActionResult
Consider and take appropriate action regarding the EDC 4B minutes dated January 29, 2019
EDC 4B Corporation6 of 13Meeting Date: Tuesday, May 28, 2019
TOWN OF TROPHY CLUB
ECONOMIC DEVELOPMENT CORPORATION 4B & TAX INCREMENTAL REINVESTMENT ZONE NO. 1
JOINT SESSION MINUTES
TUESDAY, JANUARY 29, 2019, 6:00 P.M.
LOCATION: 1 TROPHY WOOD DRIVE, TROPHY CLUB, TEXAS
COUNCIL CHAMBERS
The Economic Development Corporation (EDC) 4B and the Tax Increment Reinvestment Zone No. 1(TIRZ) of the
Town of Trophy Club, Texas, met in a Joint Session on Tuesday, January 29, 2019. 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
John Nordberg Director
Travis Inge Director
Chris Whipple Director
EDC 4B MEMBERS ABSENT:
Jared Hall Director
STAFF PRESENT:
Thomas Class Town Manager
Jonathan Phillips Director of Administrative & Financial Services
John Zagurski Finance Manager
Julie Smestad Recording Secretary
TAX INCREMENT REINVESTMENT ZONE (TIRZ) NO. 1 PRESENT:
Travis Inge Chairperson
Cory McDonald Director
Michael Richmond Director
Rebecca Barksdale Tarrant County Official
TIRZ NO. 1 ABSENT:
Jared Hall Vice Chairperson
STAFF PRESENT:
Thomas Class Town Manager
Jonathan Phillips Director of Administrative & Financial Services
John Zagurski Finance Manager
Julie Smestad Recording Secretary
President Bone and Chairperson Inge announced the date of Tuesday, January 29, 2019, called the joint EDC 4B
and TIRZ Board Regular Session meeting to order and announced a quorum at 6:02 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.
Brian Brennan, 2748 Chatswood Dr., Trophy Club spoke about ethics and stated if any kind of relationship exists
between OTD and/or OTD ownership with board or council members, it should be reported.
EDC 4B Corporation7 of 13Meeting Date: Tuesday, May 28, 2019
REGULAR (JOINT) SESSION
1.Consider and take appropriate action regarding the TIRZ minutes dated June 12, 2018.
Motion:
Motion made by Director Richmond, seconded by Chairperson Inge, to approve the June 12, 2018 TIRZ minutes.
Motion carried 4-0-0 (TIRZ)
2.Fiscal Year 2019 Budget:
A)Consider and take appropriate action to amend an economic development agreement with OTD TC, LLC.
Staff made a presentation of the agreement and it was followed by discussion by Board Members. Resident
(Mayor) Nick Sanders spoke providing historical data about the agreement dates. Chairperson Inge made a
motion to recommend approval of the amended agreement with OTD TC, LLC to obtain the certificate of
occupancy with an amended date of 05/31/2019. Original agreement required obtaining the certificate(s) of
occupancy by the date of December 31, 2019 and the motion amended that date to May 31, 2019. Motion
was seconded by Director Richmond.
Motion carried 4-0-0 (TIRZ)
3.Consider and take appropriate action regarding the EDC 4B minutes dated December 18, 2018.
Motion:
Motion made by Secretary/Treasurer Richmond, seconded by Director Inge, to approve the December 18, 2018
EDC 4B minutes.
Motion carried 7-0-0 (EDC 4B)
4.Fiscal Year 2019 Budget:
A)Consider and take appropriate action to amend an economic development agreement with OTD TC, LLC.
EDC President Bone made a motion to recommend approval of the amended agreement with OTD TC, LLC to
obtain the certificate of occupancy with an amended date of 05/31/2019. Original agreement required
obtaining the certificate(s) of occupancy by the date of December 31, 2019 and the motion amended that date
to May 31, 2019. Motion was seconded by Director Whipple.
Motion carried 7-0-0 (EDC 4B)
ADJOURN
Motion:
Motion made by Director Inge (TIRZ), seconded by Vice President McDonald (EDC 4B), to adjourn the meeting at
6:21 p.m.
Motion carried 7-0-0.
___________________________________ ___________________________________
Julie Smestad, Administrative Specialist Sean Bone, President
Town of Trophy Club, Texas Town of Trophy Club, Texas
EDC 4B Corporation8 of 13Meeting Date: Tuesday, May 28, 2019
1 Trophy Wood Drive
Town of Trophy Club
Trophy Club, Texas 76262
Legislation Details (With Text)
File #: Version:Name:
2019-244-T1
Type:Status:
Agenda ItemRegular Session
File created:In control:
5/22/2019Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:
5/28/2019
Title:
Consider and take appropriate action regarding granting Trophy Club Municipal Utility District No. 1
easement for a water line across a portion of Trophy Club Economic Development Corporation 4B-
owned property described as Joseph Henry Survey, Abstract 528 - Denton County, Abstract 742 -
Tarrant County, Tract 1E in exchange for the financial considerations within, declaring that such
easement is necessary for use by the public; authorizing the EDC President to execute the easement
dedication document.
Attachments:
Staff Report - MUD Waterline Easement Appraisals.pdf
DateVer.Action ByActionResult
ConsiderandtakeappropriateactionregardinggrantingTrophyClubMunicipalUtilityDistrictNo.1easementforawater
lineacrossaportionofTrophyClubEconomicDevelopmentCorporation4B-ownedpropertydescribedasJosephHenry
Survey,Abstract528-DentonCounty,Abstract742-TarrantCounty,Tract1Einexchangeforthefinancial
considerationswithin,declaringthatsucheasementisnecessaryforusebythepublic;authorizingtheEDCPresidentto
execute the easement dedication document.
EDC 4B Corporation9 of 13Meeting Date: Tuesday, May 28, 2019
To: Mayor and Town Council
From:Tommy Uzee, Director of Community Development
CC: Jonathan Philips, Interim Town Manager
Holly Fimbres, Town Secretary/RMO
Re: Trophy Club MUD Waterline Easements (Parcels 7 & 8)
Town Council Meeting, May 28, 2019
Agenda Item:
Consider and take appropriate action regarding granting Trophy Club Municipal Utility District
No. 1 easements for a water line across a portion of Town-owned property described as Lot 4,
Block B of Trophy Wood Business Center addition and across a portion of Trophy Club Economic
Development Corporation 4B-owned property described as Joseph Henry Survey, Abstract 528
– Denton County, Abstract 742 – Tarrant County, Tract 1E in exchange for the financial
considerations within, declaring that such easements are necessary for use by the public;
authorizing the Mayor to execute the easement dedication documents (J. Phillips).
Strategic Link:
Infrastructure & Development – Maintain and improve all Town infrastructure; Collaborate
effectively with other governmental entities.
Background and Explanation:
The Trophy Club Municipal Utility District No. 1 is scheduled to construct a waterline along the
northern property line of Parcel 7, Legal Description: Joseph Henry Survey, Abstract 528 –
Denton County, Abstract 742 – Tarrant County, Tract 1E (2951 E. State Hwy 114) and the
western property line of Parcel 8, Legal Description: Lot 4, Block B, Trophy Wood Business
Center (1 Trophy Wood Drive) as part of a larger project and is currently acquiring easements
for that placement of the proposed work.
Appraisals for the easements are attached and a full review for the market value has been
verified by Teague, Nall, & Perkins (TNP) right-of-way team for the opinion of compensation
value of the properties.
EDC 4B Corporation10 of 13Meeting Date: Tuesday, May 28, 2019
Financial Considerations:
The offers for the properties are as follows:
Parcel 7, Trophy Club Economic Development Corporation 4B (2951 E. State Hwy 114) -
$64,106.00
Parcel 8, Town of Trophy Club (1 Trophy Wood Drive) - $5,096.00
Legal Review:
The Town Attorney has reviewed this item and concurs with the Staff recommendation.
Planning & Zoning Commission Recommendation:
Not Applicable.
Staff Recommendation:
Staff recommends acceptance of the proposed offers.
Attachments:
Parcel 7 Acquisition Documents
Parcel 8 Acquisition Documents
EDC 4B Corporation11 of 13Meeting Date: Tuesday, May 28, 2019
1 Trophy Wood Drive
Town of Trophy Club
Trophy Club, Texas 76262
Legislation Details (With Text)
File #: Version:Name:
2019-230-T1
Type:Status:
Agenda ItemRegular Session
File created:In control:
5/21/2019Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:
5/28/2019
Title:
Pursuant to the following designated sections of the Texas Government Code, Annotated, Chapter
551 (Texas Open Meetings Act), the Corporation 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:
1)Agreements with OTD
Attachments:
DateVer.Action ByActionResult
PursuanttothefollowingdesignatedsectionsoftheTexasGovernmentCode,Annotated,Chapter551(TexasOpen
Meetings Act), the Corporation will convene into executive session to discuss the following:
A)Section551.087DeliberationregardingEconomicDevelopmentNegotiationsunderSubsection(1)todiscussor
deliberateregardingcommercialorfinancialinformationthatthegovernmentalbodyhasreceivedfromabusiness
prospectthatthegovernmentalbodyseekstohavelocate,stay,orexpandinorneartheterritoryofthegovernmental
bodyandwithwhichthegovernmentalbodyisconductingeconomicdevelopmentnegotiationsandSubsection(2)to
deliberatetheofferofafinancialorotherincentivetoabusinessprospectthattheTownseekstohavelocatewithin
the territory of the Town:
1)Agreements with OTD
EDC 4B Corporation12 of 13Meeting Date: Tuesday, May 28, 2019
1 Trophy Wood Drive
Town of Trophy Club
Trophy Club, Texas 76262
Legislation Details (With Text)
File #: Version:Name:
2019-231-T1
Type:Status:
Agenda ItemRegular Session
File created:In control:
5/21/2019Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:
5/28/2019
Title:
Consider and take appropriate action regarding the Executive Session.
Attachments:
DateVer.Action ByActionResult
Consider and take appropriate action regarding the Executive Session.
EDC 4B Corporation13 of 13Meeting Date: Tuesday, May 28, 2019