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Minutes EDC 4A 05/24/2004MINUTES OF WORKSHOP/REGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION 4A TOWN OF TROPHY CLUB MAY 24,2004 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation 4A of the Town of Trophy Club,Texas,met in a Regular Session on May 24,2004.The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: Dwight Morrow Neil Twomey Gary Cantrell Bob Fair Vice President SecretaryfTreasurer Director Director DIRECTORS ABSENT: J.D.Harvey President STAFF AND GUEST (S)PRESENT: Roger Unger Jan Woodruff Adam Adams Staff Liaison Staff Parks and Rec Manager WORKSHOP SESSION ., CAll TO ORDER AND ANNOUNCE A QUORUM: Director Twomey called the meeting to order at 6:12 pm,announced a quorum,and proceeded to the regular session. REGULAR SESSION CAll TO ORDER AND ANNOUNCE A QUORUM: DISCUSSION AND APPROPRIATE ACTION TO APPROVE THE LIGHTING OF THE SOCCER FIELDS. Adam Adams stated that the Trophy Club/Roanoke Soccer Association wants approximately $110,000 for lighting with 4-5 electrical poles of practice fields at Lakeview.This would be a joint use agreement with Northwest ISD.Director Cantrell suggested that Northwest ISD do a resolution to recognize that the lights belong to the Town of Trophy Club.Director Fair asked about any anticipated objections from the homeowners near the lights.Director Morrow asked about the costs for maintenance of the lights.Adam Adams will come back and bring a better estimate of costs including maintenance and operational costs.There would be some irrigation of the fields when the soccer fields are redrawn.Director Morrow made a motion to table the approval.Director Fair seconded the motion and it passed unanimously. DISCUSSION AND APPROPRIATE ACTION TO APPROVE THE FY 2004-2005 BUDGET. The unusually high sales tax received this month and about the activity of the 16-acre commercial park was discussed.Director Cantrell made a motion to adopt the FY 2004-2005 budget.Director Morrow seconded the motion and it passed unanimously. REVIEW AND APPROVE MINUTES: Director Cantrell made a motion to approve the April 26th meeting minutes.Director Fair seconded the motion and it passed unanimously. Page 2 EDCA Meeting,May 24,2004 REVIEW AND APPROVE FINANCIAL STATEMENTS: Director Morrow made a motion to approve the April 2004 financial statements.Director Cantrell seconded the motion and it passed unanimously. OTHER BUSINESS: None ade a motion to adjourn the meeting.Director Cantrell seconded the motion and it mouslv.J'l"hemee..tingwas adjourned the meeting at 6:47 p.m.- -~~J~ N Secretaryrrreasurer