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Minutes EDC 4B 08/11/1997MINUTES OF REGULAR ' August 11, 1997 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation of the Town of Trophy Club, Texas met in a regular session Monday, August 11, 1997, The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: Robert Burns Dan Heath Pam Cates Marshall Engelbeck DIRECTORS ABSENT: Terry Christlieb David Garlitz John Carter President Secretary Director Director ( arrived at 7:34 p.m.) Vice President Treasurer Director STAFF AND GUEST(S) PRESENT: Karen Sadri Asst. Secretary Billy Hughes Chairperson -Parks and Recreation Committee Bill Matthai Member -Parks and Recreation Committee President Robert Burns called the meeting to order and announced a quorum at 7:06 p.m. APPROVE MINUTES OF JULY 14, 1997 MEETING: Director Engelbeck moved to accept the minutes of the July 14, 1997 meeting as written. Director Cates seconded, motion passed unanimously. REVIEW TCEDC FINANCIAL STATEMENTS ENDING JULY 31,1997: Director Heath moved to approve the financial statements as written. Director Engelbeck seconded; motion passed unanimously. DISCUSS AND CREATE A BUDGET DRAFT: President Burns suggested that the Board freeze any spending until a better idea of how much revenue is going to be available to spend. Consensus was, not to create a budget at this time. Page 2 TCEDC Regular Session August 11, 1997 PRESENTATIONS FROM: PARKS AND RECREATION COATMITTEE: Director Burns introduced Mr. Billy Hughes, Chairperson of the Parks and Recreation Committee. Mr. Hughes passed out a handout that outlines the projects the Parks & Recreation Committee are currently working on. Discussion ensued. Mr. Bill Matthai, President, Trophy Club Soccer Association, spoke on the condition of the Soccer fields at both Harmony Park and the practice fields at Lakeview Elementary. He also addressed the parking lot situation at Harmony Park. Discussion ensued. Director Heath left the meeting at 8:15 p.m. Director Engelbeck moved to (1) allocate $10,000.00 toward improving the parking area of Harmony Park, and (2) to meet next Monday night(September 18, 1997) to discuss a plan for improving the playground equipment within Harmony Park, and (3) for the TCEDC allocate $3,000.00 for updating the Public Relations brochures for next year. Director Cates seconded; motion passed unanimously. OTHER BUSINESS: Director Cates updated the Board that the Coalition for Community and Economic Development is being discontinued and the Board will be reimbursed their dues. The next regular meeting will be Monday, September 8, 1997. ADJOURN: Director Cates moved to adjourn at 8:22 p.m. Director Engelbeck seconded; motion passed unanimously. �ry Robert Burns, President Trophy Club Economic Development Corporation (SEAL) Dan Heath, Secretary` Trophy Club Economic Development Corporation 09/02/97 kig