Agenda Packet EDC 4B 06/09/2014Economic Development Corporation 4B
(EDC 4B)
Trophy Club Entities
Meeting Agenda
100 Municipal Drive
Trophy Club, Texas 76262
Svore Municipal Building Boardroom7:00 PMMonday, June 9, 2014
CALL TO ORDER AND ANNOUNCE A QUORUM
CITIZEN PRESENTATIONS
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.
PUBLIC HEARING
1.2014-1204-T Public Hearing considering the expenditure of funds for the fiscal year
2014-15 budget.
REGULAR SESSION
2.2014-1205-T Discuss and take appropriate action regarding the April 2014 Financials.
April Budget Report 2014.pdfAttachments:
3.2014-1206-T Discuss and take appropriate action regarding the May 12, 2014 Minutes.
005 May 12 2014 Minutes.pdfAttachments:
4.2014-1207-T Introduction of new Town Council Liaison.
5.2014-1208-T Recognition of current and future Business Spotlight partner.
June 2014 Business Spotlight Article.pdfAttachments:
6.2014-1209-T Recognition of the Trophy Club EDC-4B Board as a Texas Economic
Development Council (TEDC) Economic Excellence Award recipient.
7.2014-1210-T Discuss and take appropriate action regarding the fiscal year 2014-15
EDC-4B budget.
8.2014-1211-T Discuss and take appropriate action regarding future Focus on Business
events.
EDC 4B Board Page 1 of 20 Monday, June 9, 2014
June 9, 2014Economic Development
Corporation 4B (EDC 4B)
Meeting Agenda
9.2014-1215-T Discuss and take appropriate action regarding the International Council of
Shopping Centers 2014 Deal Making Conference on November 12-14.
10.2014-1212-T Discussion of Texas Department of Transportation blue highway signage.
11.2014-1213-T Discuss and take appropriate action regarding monthly meeting date.
12.2014-1214-T Assistant Town Manager update:
- Trophy Wood
- Trophy Club Town Center
- The Village
ADJOURN
*THE BOARD MAY CONVENE INTO EXECUTIVE SESSION TO DISCUSS POSTED
ITEMS AS ALLOWED BY THE TEXAS OPEN MEETINGS ACT, TEXAS LOCAL
GOVERNMENT CODE 551.071.
Notice is hereby given that a quorum of the Town Council may be in attendance at
this meeting.
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 Friday, June 6, 2014 by 5:00
P.M. in accordance with Chapter 551, Texas Government Code.
____________________________________________________
Alora Wachholz
Economic Development & Marketing Coordinator
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
______________________, 2014.
________________________________, Title: ___________________________
EDC 4B Board Page 2 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1204-T Name:
Status:Type:Agenda Item Public Hearing
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Public Hearing considering the expenditure of funds for the fiscal year 2014-15 budget.
Attachments:
Action ByDate Action ResultVer.
Public Hearing considering the expenditure of funds for the fiscal year 2014-15 budget.
EDC 4B Board Page 3 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:22014-1205-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Discuss and take appropriate action regarding the April 2014 Financials.
Attachments:April Budget Report 2014.pdf
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding the April 2014 Financials.
EDC 4B Board Page 4 of 20 Monday, June 9, 2014
TOWN OF TROPHY CLUB
MID-YEAR FINANCIAL REPORT
YEAR TO DATE APRIL 58%
Revenue Original
Budget
Revised
Budget Year to Date Variance % Received
Sales Tax 305,000$ 305,000$ 168,504$ 136,496$ 55%
Interest Income 100 100 - 100 0%
Miscellaneous - - 3,938 (3,938) 100%
Total Revenue 305,100$ 305,100$ 172,441$ 132,659$ 57%
Expenditures Original
Budget Revised Budget Year to Date Variance % Used
Auditing 1,000$ 1,000$ 1,000$ -$ 100%
Advertising 16,500 16,500 250 16,250 2%
Printing 1,000 1,000 90 910 9%
Schools & Training 2,320 2,320 1,430 890 62%
Dues & Membership 600 600 550 50 92%
Travel & Per diem 3,226 3,226 52 3,174 2%
Office Supplies 1,000 1,000 220 780 22%
Miscellaneous Expense 6,750 6,750 3,600 3,150 53%
Capital EDC Projects 50,744 50,744 28,333 22,411 56%
Total Expenditures 83,140$ 83,140$ 35,525$ 47,615$ 43%
Other Uses Original
Budget
Revised
Budget Year to Date Variance % Used
Transfer to General Fund 71,996$ 71,996$ 39,473$ 32,523$ 55%
Transfer to Debt Service 54,964 54,964 27,482 27,482 50%
Total Other Uses 126,960$ 126,960$ 66,955$ 60,005$ 53%
Fund Balance Original
Budget
Revised
Budget Year to Date
Beginning Fund Balance 167,530$ 167,530$ 188,704$
+Net Increase (Decrease)95,000 95,000 69,961
Ending Fund Balance 262,530$ 262,530$ 258,665$
Percent of Budget Year Transpired
ECONOMIC DEVELOPMENT COPORATION 4B
Notable Expenditures
Auditing- The annual Audit was conducted and payed out. This is the only item in this line item.
Dues & Membership - The annual membership and award application were both paid for out of this line
item
From FY 2013 CAFR
EDC 4B Board Page 5 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1206-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Discuss and take appropriate action regarding the May 12, 2014 Minutes.
Attachments:005 May 12 2014 Minutes.pdf
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding the May 12, 2014 Minutes.
EDC 4B Board Page 6 of 20 Monday, June 9, 2014
MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, May 12, 2014
7:00 p.m.
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in Regular
Session on May 12, 2014. The meeting was held within the boundaries of the Town and was
open to the public.
EDC 4B DIRECTORS PRESENT:
James Hicks President
Rebecca Shuman Vice President
Dean Murray Treasurer/Secretary
Greg Wilson Director
Sean Weaver Director Arrived at 7:10p.m.
STAFF AND GUEST(S) PRESENT:
Stephen Seidel Assistant Town Manager
April Reiling Public Information Officer
Alora Wachholz Economic Development & Marketing Coordinator
Tiffany Stamness Branch Manager for Trophy Club DATCU
Yousef Ismail Assistant Branch Manager for Trophy Club DATCU
Call to order and announce a quorum at 7:04 p.m.
CITIZEN PRESENTATIONS
REGULAR SESSION
1. Discuss and take appropriate action regarding the March 2014 Financials.
The Board acknowledged and praised the new financial report format. President Hicks
requested that future reports define specific expenditures for better clarification. Director
Shuman requested input from Assistant Town Manager Stephen Seidel as to the value added
through the partially-funded position of Economic Development & Marketing Coordinator to the
economic development initiatives in Trophy Club. Seidel spoke about the various projects and
initiatives undertaken by the Economic Development & Marketing Coordinator position and the
Board agreed that this was a position that they were in support of continuing to fund. Director
Shuman made a motion to approve the Financials as presented and Director Wilson seconded.
The motion passed unanimously.
2. Discuss and take appropriate action regarding the April 14, 2014 Minutes.
President Hicks requested that the title of Director Dean Murray be changed in the “EDC 4B
Directors Present” section of the Minutes from, “Director” to “Treasurer/Secretary.” Director
Shuman made a motion to approve the April 14, 2014 Minutes with the correction and Director
Murray seconded. The motion passed unanimously.
3. Recognition of current Business Spotlight partner.
EDC 4B Board Page 7 of 20 Monday, June 9, 2014
Assistant Town Manager Stephen Seidel and Economic Development & Marketing Coordinator
Alora Wachholz provided a brief summary of the Business Spotlight process and introduced
representatives from the May 2014 featured business partner, DATCU. Branch Manager Tiffany
Stamness and Assistant Branch Manager Yousef Ismail were in attendance and gave a brief
overview of the services DATCU provides to the community and then responded to questions by
the Board.
4. Discuss and take appropriate action regarding the upcoming Focus on Business
event.
Assistant Town Manager Seidel gave an overview of the schedule for the May 14, 2014 Focus
on Business event and then requested that the Board begin to look ahead to determine what
they would like these events to become. Seidel posed an idea to begin bringing in speakers to
these events in an effort to help assist and educate local business owners and managers in
topics that are meaningful to them and President Jim Hicks said he might be able to assist with
this initiative. Director Murray recommended that future events and event speakers be tailored
to the attendance rate of the event. Director Weaver recommended that future event dates be
set on days that are best suited for attendees and based on a general poll.
5. Discuss FY15 budget initiatives and projects.
Assistant Town Manager Seidel asked the Board to begin consideration of the events and
initiatives that they wish to fund and/or pursue in fiscal year 2015, as the budget process is now
underway and Board input is beneficial to determining budget items.
6. Assistant Town Manager Update:
- Trophy Wood
- Trophy Club Town Center
- The Plaza
- Village Centre
- The Village
- Shop Local Programs
- Blue Highway Signs
- Business Spotlight
Assistant Town Manager Stephen Seidel and Economic Development & Marketing Coordinator
Alora Wachholz provided updates and answered questions related to the topics above.
*THE BOARD MAY CONVENE INTO EXECUTIVE SESSION TO DISCUSS POSTED ITEMS
AS ALLOWED BY THE TEXAS OPEN MEETINGS ACT, TEXAS LOCAL GOVERNMENT
CODE 551.071.
Adjourn
Director Murray made a motion to adjourn at 8:12 p.m. and Director Shuman seconded. The
motion passed unanimously.
______________________________ _______________________________
James Hicks, President Dean Murray, Treasurer/Secretary
EDC 4B Board Page 8 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1207-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Introduction of new Town Council Liaison.
Attachments:
Action ByDate Action ResultVer.
Introduction of new Town Council Liaison.
EDC 4B Board Page 9 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1208-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Recognition of current and future Business Spotlight partner.
Attachments:June 2014 Business Spotlight Article.pdf
Action ByDate Action ResultVer.
Recognition of current and future Business Spotlight partner.
EDC 4B Board Page 10 of 20 Monday, June 9, 2014
Business Spotlight: Bella Vita Dentistry
Posted by Alora Wachholz on Jun 02, 2014
It has been said that, “A smile is the universal welcome” (Max Eastman), and
what better way to welcome Trophy Club’s newest dental practice to Town,
than with big, shining smiles! Bella Vita Dentistry opened in April of this year
in The Commons center, located just off the roundabout at 925 Trophy Club
Drive. Dr. Joshua Foreman, DDS, and his staff provide a full range of dentistry
services, including:
• Cosmetic dentistry • Extractions • Preventative care
• Same day crowns • Root canal therapy • Implants
• Dentures & partials • Laser dentistry • Sedation dentistry
At Bella Vita Dentistry, residents are provided quality service at affordable prices for the entire family, no matter the
need. With more than six years’ experience as a Doctor of Dental Surgery and a passion to provide people with beautiful
and confident smiles, Dr. Foreman is ready to embrace the Trophy Club community that he, himself, calls home, and
become a staple in residents’ oral health. This local business truly cares about your family's satisfaction and is ready to
meet you.
About the Doctor
After growing up in nearby Euless, Texas and then going into the Air Force after high school
to serve for five years in communications, Dr. Joshua Foreman then began a career in
telecommunications before going to the University of Texas Health Science Center in San
Antonio to fulfill his dream of becoming a dentist. He then returned to his hometown and
opened Westpark Dental Care of Euless, a state-of-the-art office offering a comfortable
patient experience. Upon having much success there, the doctor has now decided to bring his
practice closer to his own home, and open Bella Vita Dentistry.
When he isn't hard at work building his new practice in Trophy club, Dr. Foreman enjoys
spending time with his lovely wife, Michelle, and their five children.
A Beautiful Place to 'Experience Your Smile'
What you can expect when you go to Bella Vita Dentistry is supreme service in a luxurious setting from a thoughtful and
experienced doctor who prides himself on being up-to-date with the latest treatments and technology in the field. Enjoy
your next trip to the dentist!
EDC 4B Board Page 11 of 20 Monday, June 9, 2014
The Community Dental Plan
This new and modern practice is also committed to providing you and your family with exceptional service without
breaking the bank. Bella Vita Dentistry offers a great affordable option for families wishing to save money on dental care
while still receiving quality local service- The Community Dental Plan. Participating individuals will receive:
• Two routine cleanings
• Two routine exams
• Two sets of diagnostic X-rays
• Teeth whitening (choice of bleach trays or fluoride treatments)
• 15% off all other dental treatments
• 25% off all dental products
All for one annual fee of $330! Don't miss out on this great opportunity, call and enroll today. (817) 668-4000
More Special Offers for Residents
In honor of their recent grand opening, Bella Vita Dentistry is offering a very special promotion for new customers. As
part of the New Practice, New Smile, New You Contest, the first 100 new patients to schedule an appointment and
complete a contest coupon will be entered in a chance to be one of five lucky people to win a Complete Smile
Makeover! This is an opportunity like none other, valued at up to $10,000 per person. If you are ready for the smile of
your dreams, come see Dr. Joshua Foreman at Bella Vita Dentistry today!
Additionally, for all new patients who call to schedule their first appointment, Bella Vita Dentistry is offering FREE teeth
whitening! Call today to take advantage of these outstanding offers from Trophy Club's newest community dental
practice: (817) 668-4000.
Bella Vita Dentistry
925 Trophy Club Drive
Phone: (817) 668-4000
Email: Info@BellaVitaDentistry.com
Website: www.BellaVitaDentistry.com
Facebook: www.facebook.com/BellaTrophyClub
Google+: www.plus.google.com/+BellaVitaDentistryTrophyClub
EDC 4B Board Page 12 of 20 Monday, June 9, 2014
Hours of Operation:
Monday - Thursday 8:00 a.m. to 5:00 p.m.
Friday 8:00 a.m. to noon
Saturday & Sunday CLOSED
If you would like your business featured in the Business Spotlight, please email Alora Wachholz, Economic
Development & Marketing Coordinator to find out more!
EDC 4B Board Page 13 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1209-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Recognition of the Trophy Club EDC-4B Board as a Texas Economic Development Council (TEDC)
Economic Excellence Award recipient.
Attachments:
Action ByDate Action ResultVer.
Recognition of the Trophy Club EDC-4B Board as a Texas Economic Development Council (TEDC)
Economic Excellence Award recipient.
EDC 4B Board Page 14 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1210-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Discuss and take appropriate action regarding the fiscal year 2014-15 EDC-4B budget.
Attachments:
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding the fiscal year 2014-15 EDC-4B budget.
EDC 4B Board Page 15 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1211-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Discuss and take appropriate action regarding future Focus on Business events.
Attachments:
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding future Focus on Business events.
EDC 4B Board Page 16 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1215-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Discuss and take appropriate action regarding the International Council of Shopping Centers 2014
Deal Making Conference on November 12-14.
Attachments:
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding the International Council of Shopping Centers 2014 Deal
Making Conference on November 12-14.
EDC 4B Board Page 17 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1212-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Discussion of Texas Department of Transportation blue highway signage.
Attachments:
Action ByDate Action ResultVer.
Discussion of Texas Department of Transportation blue highway signage.
EDC 4B Board Page 18 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1213-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Discuss and take appropriate action regarding monthly meeting date.
Attachments:
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding monthly meeting date.
EDC 4B Board Page 19 of 20 Monday, June 9, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1214-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/6/2014 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:6/9/2014
Title:Assistant Town Manager update:
- Trophy Wood
- Trophy Club Town Center
- The Village
Attachments:
Action ByDate Action ResultVer.
Assistant Town Manager update:
- Trophy Wood
- Trophy Club Town Center
- The Village
EDC 4B Board Page 20 of 20 Monday, June 9, 2014