Minutes EDC 4A 01/27/2003MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4A
TOWN OF TROPHY CLUB
January 27, 2003
STATE OF TEXAS
The Economic Development Corporation 4A of the Town of Trophy Club, Texas, met in
a Regular Session on January 27, 2003. The meeting was held within the boundaries of
the Town and was open to the public.
DIRECTORS PRESENT:
J. D. Harvey
Neil Twomey
Gary Cantrell
Pete Reincke
Dwight Morrow
President
Secretary/Treasurer
Director
Vice -President
Director
STAFF AND GUEST (S) PRESENT:
Roger Unger Staff Liaison
Jan Woodruff Staff
Beverly Foley Town Councilmember
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM:
President Harvey called the meeting to order at 6:04 pm, announced a quorum, and
proceeded to the regular session.
REGULAR SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM:
UPDATE ON EDC FUNDING OF CONSTRUCTION OF 10 -ACRE PARK.
Roger Unger gave an update on the construction of the 10 -Acre Park. The approximate
cost to the EDCA will be $174,000. Hopefully the roof will be completed within the next
month. The bleachers for $6314.24 have been encumbered but are not here yet. No
action taken.
DISCUSSION AND APPROPRIATE ACTION ON EDC FUNDING FOR THE
SWIMMING POOL.
Roger Unger gave an update on the pool. The parking lot is complete. The guaranteed
maximum price is $1,301,604. The adding of the tent for construction was discussed. No
action was taken at this time.
DISCUSSION OF LOCAL OPTION ELECTION COMMITTEE EXPENDITURES.
Neil Twomey gave an update on the LOE Committee actions. They are hoping for a
September or November election.
PAGE 2 TROPHY CLUB EDC4A JANUARY 27, 2003
DISCUSSION AND APPROPRIATE ACTION FOR SUBMISSION OF THE ECONOMIC
DEVELOPMENT CORPORATION REPORT FOR THE FISCAL YEAR ENDING 2002
TO THE COMPTROLLER'S OFFICE.
The fiscal year needed to be added to the report. Gary Cantrell made a motion to accept
the Comptroller's report as amended. Neil Twomey seconded and the motion passed
unanimously.
REVIEW AND APPROVE MINUTES:
Director Twomey made a motion to approve the minutes for December 10, 2002.
Director Cantrell seconded the motion. The motion passed unanimously.
REVIEW AND APPROVE FINANCIAL STATEMENTS:
Director Cantrell made a motion to approve the financial statements for December 2002.
Director Twomey seconded the motion. The motion passed unanimously.
OTHER BUSINESS:
None
ADJOURN:
Director Ty.,QMey a motion to adjourn the meeting at 6:26 p.m. Director Cantrell
secondeotiqp passed unanimously.
J. D.Neil Twomey
PresiV� Secretary/Treasurer