Minutes EDC 4A 08/28/2006 - Joint WorkshopNOTICE OF JOINT WORKSHOPIREGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4A
TOWN OF TROPHY CLUB
AUGUST 28,2006
7:00 P.M.
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4A of the Town of Trophy Club, Texas, met in a Joint
Workshop/Regular Session on August 28, 2006. The meeting was held within the boundaries of
the Town and was open to the public.
DIRECTORS PRESENT:
JD Harvey
Dwight Morrow
Neil Twomey
Gary Cantrell
STAFF AND GUEST (S) PRESENT:
Roger Unger
Adam Adams
Mindy Herring
Shannon DePrater
James Hicks
Doyle Nicholson
Damian Olthoff
Larry E. Crosser
Rebecca Shuman (left at 8:10 pm)
Steve Gregory
Wendy Hill
Steven Kohs
David Glasser
Chris McCollister
Steve Skeen
Matthew Graham
Kathleen Wilson
Susan Edstrom
Greg Lamont
Leland Wilhelm
President
Vice-President
Secretaryfrreasurer
Director
ACM / Finance Director
Parks and Recreation Director
Recreation Supervisor
Recording Clerk
President
Vice-President
Secretary
Director
Director
Parks & Recreation Vice Chairman
Parks & Recreation Board Member
Parks & Recreation Board Member
Parks & Recreation Board Member
Parks & Recreation Board Member
Parks & Recreation Board Member
Parks & Recreation Board Member
Parks & Recreation Board Member
Council Member
Council Member
Resident, EDC 4A Applicant
REGULAR SESSION
Call to order and announce a quorum.
President Harvey called the meeting to order, noting a quorum was present at 6:30 p.m.
Interview candidates for two (2) expired seats and one (1) vacant position:
a. 6:30 p.m. - JD Harvey
b. immediately following previous applicant - Neil Twomey
c. immediately following previous applicant - Leland Wilhelm
The directors interviewed Mr. Wilhelm
President Harvey moved the following items forward:
Trophy Club EDC4A August 28,2006
Take appropriate action to submit a recommendation to the Town Council of candidates
for two (2) expired seats and one (1) vacant position on the EDC4A.
Director Cantrell made a motion to nominate all three applicants, JD Harvey, Neil Twomey and
Leland Wilhelm to EDC 4A. Director Morrow seconded; motion carried unanimously.
Review and approve minutes.
Director Cantrell made a motion to approve the minutes as written. Director Morrow seconded;
motion carried, with Director Twomey abstaining.
Review and approve financial statements for June 2006 and July 2006.
Director Morrow made a motion to approve the June 2006 and July 2006 financial statements.
Director Cantrell seconded; motion carried unanimously.
Other business.
No other business was discussed.
President Hicks called a five minute break.
ECONOMIC DEVELOPMENT CORPORATION 4A
TO CONVENE INTO JOINT WORKSHOP SESSION
JOINT WORKSHOP SESSION
Economic Development Corporation 46 call to order.
President Hicks called EDC 4B to order, noting a quorum, at 7:02 p.m.
Parks and Recreation Board call to order.
Vice President Gregory called the Parks and Recreation Board to order, noting a quorum at
7:02 pm.
Discuss Park Funding and Operations.
Discussions ensued between EDC 4A, EDC 4B and the Parks and Recreation Board
concerning the Economic Development Corporations' submissions.
Economic Development Corporation 4A to close joint workshop.
President Harvey closed the EDC 4A joint workshop at 8:48 p.m.
Economic Development Corporation 4B to close joint workshop.
President Hicks closed the EDC 48 joint workshop at 8:48 p.m.
Parks and Recreation Board to close joint workshop.
Vice Chairman Gregory closed the EDC 48 joint workshop at 8:48 p.m.
ECONOMIC DEVELOPMENT CORPORATION 4A
TO RECONVENE INTO REGULAR SESSION
REGULAR SESSION
Take appropriate action concerning the funding improvements at Harmony Park and
Independence Park.
Director Cantrell made a motion, if acceptable to the Council and Parks & Recreation Board, to
allocate $60,000 cash payment and allocate a $60,000 annual payment which would fund in
Trophy Club EDC4A August 28,2006
excess of $450,000 based on a 5.25% rate for projects to be decided upon by the Town Council
and Parks and Recreation Board for Harmony Park. Dwight Morrow seconded; motion carried
unanimously.
Discussion and appropriate action regarding funding of bond payment on Pool and Park
Bond in the amount of $26,358.13 for fiscal year 06-07.
Director Morrow made a motion to approve the funding in the amount of $26,358.13 for fiscal
year 06-07 with added provisions with any future requests for Council to reconsider funding
options concerning the Econorr~ic Development Corporations. Director Cantrell seconded;
motion carried unanimously.
Discussion and appropriate action regarding fiscal 06-07 budget.
Director Morrow made a motion to approve the budget based on the actions tonight. Director
Twomey seconded; motion carried. Budget to include the $26,358.13 for park and pool bond
and to allocate $60,000 cash payment and allocate a $60,000 annual payment which would
fund in excess of $450,000 based on a 5.25% rate for projects to be decided upon by the Town
Council and Parks and Recreation Board for Harmony Park.
Adjourn.
Director Twomey made a motion to adjourn at 855 p.m. Director Cantrell seconded; motion