Agenda Packet EDC 4B 04/09/2012 - Joint SessionEconomic Development Corporation 4B
(EDC 4B)
Trophy Club Entities
Meeting Agenda
100 Municipal Drive
Trophy Club, Texas 76262
Svore Municipal Building Boardroom6:30 PMMonday, April 9, 2012
Joint Session Between EDC 4B and Town Council
Call To Order and announce a quorum.
Citizen Presentation
Citizens are allowed three (3) minutes to address the Board regarding an item over
which the Board has policy or oversight authority as provided by Texas law, the ethics
order, or other policy order.
JOINT SESSION
1.2012-161-T Discuss and take appropriate action regarding a new Trophy Club logo.
Logo Concepts.pdfAttachments:
2.2012-162-T Discussion regarding debt restructure and sales tax reallocation of EDC 4A and EDC
4B.
CFAB Recommendation.pdfAttachments:
3.2012-163-T Update regarding the Alliance Development Forum (ADF).
Adjourn
Notice is hereby given that a quorum of the Town Council may be in attendance at
this meeting.
Economic Development Corporation 4B 1 of 15 April 9, 2012
April 9, 2012Economic Development
Corporation 4B (EDC 4B)
Meeting Agenda
CERTIFICATION
I certify that the above notice was posted on the front window of the Svore Municipal
Building, 100 Municipal Drive, Trophy Club, Texas, on April 5, 2012 by 5:00 P.M. in
accordance with Chapter 551, Texas Government Code.
_____________________________
April Reiling
PIO/Marketing Manager
If you plan to attend this public meeting and have a disability that requires special
needs, please contact the Town Secretary’s Office at 682-831-4600, 48 hours in
advance and reasonable accommodations will be made to assist you.
I certify that the attached notice and agenda of items to be considered by this Board
was removed by me from the front window of the Svore Municipal Building, 100
Municipal Drive, Trophy Club, Texas, on the __________ day of
______________________, 2012.
________________________________, Title: ___________________________
Economic Development Corporation 4B 2 of 15 April 9, 2012
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12012-161-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:4/5/2012 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:4/9/2012
Title:Discuss and take appropriate action regarding a new Trophy Club logo.
Attachments:Logo Concepts.pdf
Action ByDate Action ResultVer.
Title
Discuss and take appropriate action regarding a new Trophy Club logo.
Economic Development Corporation 4B 3 of 15 April 9, 2012
THE TOWN OF
TROPHY CLUB
THE TOWN OF
TROPHY CLUB
1
Economic Development Corporation 4B 4 of 15 April 9, 2012
THE TOWN OF
TROPHY CLUB
THE TOWN OF
TROPHY CLUB
1
Economic Development Corporation 4B 5 of 15 April 9, 2012
THE TOWN OF
TROPHY CLUB
THE TOWN OF
TROPHY CLUB
2
Economic Development Corporation 4B 6 of 15 April 9, 2012
THE TOWN OF
TROPHY CLUB
THE TOWN OF
TROPHY CLUB
2
Economic Development Corporation 4B 7 of 15 April 9, 2012
THE TOWN OFTROPHY CLUB THE TOWN OFTROPHY CLUBEst. 1985
THE TOWN OFTROPHY CLUB THE TOWN OFTROPHY CLUBEst. 1985
3
Economic Development Corporation 4B 8 of 15 April 9, 2012
THE TOWN OFTROPHY CLUB THE TOWN OFTROPHY CLUBEst. 1985
THE TOWN OFTROPHY CLUB THE TOWN OFTROPHY CLUBEst. 1985
3a
Economic Development Corporation 4B 9 of 15 April 9, 2012
THE TOWN OFTROPHY CLUB THE TOWN OFTROPHY CLUBEst. 1985
THE TOWN OFTROPHY CLUB THE TOWN OFTROPHY CLUBEst. 1985
3b
Economic Development Corporation 4B 10 of 15 April 9, 2012
THE TOWN OFTROPHY CLUB THE TOWN OFTROPHY CLUBEst. 1985
THE TOWN OFTROPHY CLUB THE TOWN OFTROPHY CLUBEst. 1985
3c
Economic Development Corporation 4B 11 of 15 April 9, 2012
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12012-162-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:4/5/2012 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:4/9/2012
Title:Discussion regarding debt restructure and sales tax reallocation of EDC 4A and EDC 4B.
Attachments:CFAB Recommendation.pdf
Action ByDate Action ResultVer.
Title
Discussion regarding debt restructure and sales tax reallocation of EDC 4A and EDC 4B.
Economic Development Corporation 4B 12 of 15 April 9, 2012
CFAB Recommendation
1. Freeze the purchasing ability of the Economic Development Corporation 4A, upon Town
Manager’s approval (once all fiscal year 2012 operating expense commitments have been met).
This would allow the EDC 4A to satisfy its debt obligations before the maturity dates. Also, the
committee would like for all excess EDC 4A monies to be assigned for debt services obligations.
2. Maintain current structure until EDC 4A has the reserves to satisfy all existing debt obligations.
Once the funds needed to dissolve the debt are obtained, the committee recommends that
Council start the process of implementing the future strategy set forth as stated in item 4.
3. Maintain the Street Maintenance Fund and EDC 4B, which currently receives a quarter of a cent
each from sales tax dollars.
4. The committee recommends to Council that when the EDC 4A dissolves its existing debt
obligations, there would be a benefit to the citizenry by restructuring the local sales tax funded
organizations. These changes could include the following:
• The creation of a Crime Control and Prevention District with a quarter of a cent allocation.
• Increasing the funding of the EDC 4B from a quarter of a cent to half of a cent.
• Dissolve the EDC 4A.
• Maintain Street Maintenance Fund.
Depending on the passage of time, the committee’s recommendation to council is to appoint
another group of citizens to review the options at that time.
These recommendations are prioritized in order.
Economic Development Corporation 4B 13 of 15 April 9, 2012
Principal Interest Total Principal Interest Total Principal Interest Total
2012 48,750$ 15,800$ 64,550$ 2012 -$ 3,937$ 3,937$ 2012 42,000$ 5,838$ 47,838$
2013 52,500$ 29,284$ 81,784$ 2013 52,796$ 7,684$ 60,480$ 2013 44,000$ 9,912$ 53,912$
2014 52,500$ 27,184$ 79,684$ 2014 52,584$ 6,052$ 58,636$ 2014 45,000$ 8,064$ 53,064$
2015 56,250$ 25,084$ 81,334$ 2015 56,717$ 3,920$ 60,637$ 2015 47,000$ 6,174$ 53,174$
2016 60,000$ 22,778$ 82,778$ 2016 26,281$ 1,934$ 28,215$ 2016 49,000$ 4,200$ 53,200$
2017 63,750$ 20,258$ 84,008$ 2017 26,281$ 658$ 26,939$ 2017 51,000$ 2,142$ 53,142$
2018 67,500$ 17,516$ 85,016$
2019 71,250$ 14,546$ 85,796$
2020 75,000$ 11,340$ 86,340$
2021 78,750$ 7,740$ 86,490$
2022 82,500$ 3,960$ 86,460$
Principal Interest Total
2012 90,750$ 25,575$ 116,325$
2013 149,296$ 46,880$ 196,176$
2014 150,084$ 41,300$ 191,384$
2015 159,967$ 35,178$ 195,145$
2016 135,281$ 28,912$ 164,193$
2017 141,031$ 23,058$ 164,089$
2018 67,500$ 17,516$ 85,016$
2019 71,250$ 14,546$ 85,796$
2020 75,000$ 11,340$ 86,340$
2021 78,750$ 7,740$ 86,490$
2022 82,500$ 3,960$ 86,460$
GO BONDS SERIES 2002-A - $1,400,000 CO BONDS 2007 - $474,000TAX NOTES - $560,000
TOTAL EDC 4A DEBT PAYMENTS
$-
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total EDC 4A Scheduled Debt Payments
Interest
Principal
Economic Development Corporation 4B 14 of 15 April 9, 2012
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12012-163-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:4/5/2012 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:4/9/2012
Title:Update regarding the Alliance Development Forum (ADF).
Attachments:
Action ByDate Action ResultVer.
Title
Update regarding the Alliance Development Forum (ADF).
Economic Development Corporation 4B 15 of 15 April 9, 2012