Minutes EDC 4A 07/25/2005MINUTES OF WORKSHOPIREGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4A
TOWN OF TROPHY CLUB
JULY 25,2005
STATE OF TEXAS
COUNTY OF DENTON
'The Economic Development Corporation 4A of the Town of Trophy Club, Texas, met in a Regular
Session on July 25, 2005. The meeting was held within the boundaries of the Town and was open to
the public.
DIRECTORS PRESENT:
J. D. Harvey President
Dwight Morrow Vice President
Gary Cantrell Director
Matthew Graham Director
DIRECTORS ABSENT:
Neil Twomey Secretarynreasurer
STAFF AND GUEST (S) PRESENT:
Roger Unger Staff Liaison
WORKSHOP SESSION
Call to order and announce a quorum:
President Harvey called the meeting to order at 6:38 pm, announced a quorum, and proceeded to
the regular session.
REGULAR SESSION
Call to order and announce a quorum:
Discussion and appropriate action regarding funding applications from the Town of Trophy
Club and Trophy Club EDC4B:
a. EDC4B-$25,642.50 to fund additional 25% of PoolIPark Debt Service for FY05-06
b. Town-$30,700.00 for funding Operational Expenses at Harmony Park
A motion to fund the additional 25% of PoolIPark Debt Service for FY05-06 was made by Director
Cantrell, seconded by Director Morrow. Motion passed unanimously.
A motion to fund $30,700 for operational expenses was made by Director Cantrell dependent on
amending the application from "Harmony Park" to "Independence Park", seconded by Director
Morrow. Motion passed unanimously.
Discussion and appropriate action regarding budget for FY05-06:
A request was made to strike the reference to Marshall Creek Road in the STW budget detail.
A motion was made by Director Cantrell to adopt the budget as presented with any funds for auditing
to be expended only on requirement of Town Council, seconded by Director Morrow. Motion passed
unanimously.
Review and approve minutes:
Director Cantrell made a motion to accept the minutes as written, seconded by Director Morrow.
Motion passed unanimously.
EDC 4A Meeting Minutes July 25, 2005
Review and approve financial statements:
Director Morrow made a motion to accept the June financials, seconded by Director Cantrell. Motion
passed unanimously.
OTHER:
ADJOURN:
Director Cantrell made a motion to adjourn the
passed unanimously. The meeting was adjourne
Neil Twomey j
Secretaryrrreasurer