Minutes EDC 4A 11/27/2006MINUTES OF A REGULAR ECONOMIC DEVELOPMENT CORPORATION 4A
FOR THE
TOWN OF TROPHY CLUB
LOCATION:100 MUNICIPAL DRIVE,TROPHY CLUB,TEXAS
MONDAY,NOVEMBER 27,2006
6:30 P.M.
STATE OF TEXAS
COUNTY OF DENTON
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The Economic Development Corporation 4A of the Town of Trophy Club,Texas,met in
a Regular Session on Monday,November 27,2006 at 6:30 p.m.The meeting was held
within the boundaries of the Town and was open to the public.
DIRECTORS PRESENT
DWight Morrow
Neil Twomey
Leland Wilhelm
DIRECTORS ABSENT
JD Harvey
STAFF AND GUEST(S)PRESENT
Brandon Emmons
Adam Adams
Sakura Moten-Dedrick
Mindy Herring
Vice-President
Secretary/Treasurer
Board Member
President
Town Manager
Staff Liaison/Parks and Recreation Director
Finance Director
Recreation Supervisor
A.1 The Economic Development Corporation 4A Secretary Neil Twomey called the
Regular Session to order at 6:30 p.m.noting a quorum was present.
A.2 Citizen Presentations:this is an opportunity for citizens to address the Economic
Development Corporation 4A on any matter whether or not it is posted on the
agenda.The Board is not permitted to take action on or discuss any
presentations made to the Board at this time concerning an item not listed on the
agenda.The Board will hear presentations on specific agenda items prior to the
Board addressing those items.
No citizen presentations.
A.3 EDC4A to enter into a JOINT DISCUSSION with Ways &Means and take
appropriate action on the scheduling of future meetings and possible operational
changes.
Finance Director Dedrick spoke concerning possible operational changes such
as cost allocations budgeting and Town Manager Emmons further explained the
cost accounting system.Director Twomey wants to see revenue and expense in
one blended comparison to better identify true cost.
Town Manager Emmons recognized that Councilman Greg Lamont would like to
speak about cost allocation specifically in reference to Marshall Creek Park.
Director Twomey wants Way &Means agenda sent out separately from the
EDC4A agenda.
Councilman Lamont spoke on a report produced by Roger Unger on a cost
accounting analysis on Marshall Creek Park.Councilman Lamont went over the
report in comparison to his own numbers.Director Twomey stated that after
indirectly talking to the Fire &Police Department he asked what would change if
Marshall Creek Park did not belong to the Town,he was told nothing would
change because due to mutual aid the Town would still have to patrol the park.
Director Morrow supports Town Manager Emmons true cost allocation method
for Marshall Creek Park.
Ben Brewster,222 Fresh Meadow Drive spoke.
Director Morrow would like to talk about the internal controls of the Town at a
future meeting.Director Twomey would further like to discuss internal control
weaknesses with the Court.Finance Director stated that the FBI investigation
has currently been resolved and she could get sorne more information to the
members.
It was agreed that Ways &Means would meet immediately following the EDC4A
meeting that is currently held on the fourth Monday of the month at 6:30p.m.
In the future,Parks and Recreation Director Adam Adams will be bringing a
submittal for Master Park Planning.
A.4 Staff update and discussion regarding project updates as listed below:There will
be no action taken on any individual project posted under this item and
discussion will be limited.If extensive discussion is required,the item may be
placed on a future agenda.
a.Harmony Park -Parks and Recreation Director Adams discussed the
Harmony Park improvement timeline concerning both financing and
im plernentation.
A.5 Discuss and take action on changing the signature cards for TexPool and First
Financial.
Director Morrow made a motion to approve changing the signature cards for
TexPool and First Financial.Director Wilhelm seconded.Motion passes
unanimously.
A.6 Review and approve changes from the July and September meetings.
Director Morrow reviewed these meeting minutes and asked that they be revised.
A.7 Review and approve minutes for October.
Neil Twomey
Secretary/Treasurer
Director Morrow reviewed these meeting minutes and asked that they be revised.
A.8 Schedule future agenda items:
Future planning with sport associations included on future funding discussions
Comprehensive Use Plan -Master Park Plan
A.9 Adjourn.
qirector Morrow moved to adjourn at 7:10 p.m.Seconded by Wilhelm.
Motion passes unanimously.I i /'/'/f{J:L1ik~~(
Dwight Morrow ,;/
Vice President