Minutes EDC 4B 02/10/1997MINUTES OF REGULAR ECONOMIC DEVELOPMENT CORPORATION
TOWN OF • '
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STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation of the Town of Trophy Club, Texas met in a regular
session on Monday, February 10, 1997. The meeting was held within the boundaries of the
Town and was open to the public.
DIRECTORS PRESENT:
Robert Burns
Terry Christlieb
Dan Heath
David Garlitz
Pam Cates
Marshall Engelbeck
DIRECTORS ABSENT:
John Carter
President
Vice President
Secretary
Treasurer (arrived at 7:30 p.m.)
Director
Director
Director
TOWN STAFF AND GUEST(S) PRESENT:
Karen Sadri
John Hill
Town Secretary
Town Attorney
President Robert Burns called the meeting to order and announced a quorum at 7:00 p.m.
President Burns asked to take the agenda out of order and to start with item #7.
OTHER BUSINESS:
President Burns explained that both he and Karen Sadri were contacted by Charles Cross,
Economic Director for Heritage Publishing, Inc. Mr. Cross asked to make a short presentation to
the Board.
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Regular Session
February 10, 1997
Mr. Cross explained he was in our area developing marketing tools for economic development in
the form of informational books. These books include pictures, history of the area and any other
marketable information. At this point he is working with John Harbin, Vice President of Beck
Properties and DFW International Airport.
In response to the cost question. Mr. Cross explained 15-16 pages in the "Texas" book, specific
to Trophy Club, would be $30.00 per copy with a standard order of 500 copies.
It was suggested by the Board for Mr. Cross to contact the Trophy Club Womens Club.
Mr. Cross left 3 books for the Board to review.
APPROVE MINUTES OF JANUARY 27, 1997 MEETING:
President Burns asked that the minutes always to be the first item on the agenda.
Director Engelbeck moved to accept the minutes as written. Director Christlieb seconded;
motion passed unanimously.
REVIEW DOCUMENTS NECESSARY TO OPEN BANK ACCOUNT:
Karen Sadri, Town Secretary explained the steps necessary to open the bank account. All that is
now required is to, by motion, accept the Corporate Authorization Resolution, that was provided
by Texas National Bank. A signature card will be issued after the completed resolution is
returned to the bank. It was also ascertained that an alternate on the signature card had not been
appointed by the Board.
Director Christlieb moved to appoint John Carter as alternate on the signature card. Director
Engelbeck seconded; motion passed unanimously.
Director Heath moved to accept the Corporate Authorization Resolution as written. Director
Cates seconded; motion passed unanimously.
DISCUSS AND CREATE A MISSION STATEMENT:
Following discussion, President Burns requested that Director Engelbeck and Director Carter
create a mission statement with input from all the other Directors. This mission statement should
include an explanation of what the Corporation is to do and where the Corporation is going.
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TCEDC
Regular Session
February 10, 1997
DISCUSS AND PRIORITIZE PROJECTS:
Discussion rendered the following ideas:
< plans for Corporation including tax projections
< an intensive study similar to the study provided to us by "The Colony"
< set short term goals to accomplish "now"
< wait until know how money flows before setting long term goals
< look into spending towards sports fields and parks and recreation areas.
The Directors would like to hold a joint meeting with the Finance Committee, Dan Boutwell,
Town Planner, Hap Baggett and John Harbin, area developers, to discuss growth projections.
Director Christlieb moved to invite the Finance Committee, Dan Boutwell, Hap Baggett and
John Harbin to the March 10, 1997 meeting to discuss growth projections. Director Cates
seconded; motion passed unanimously. Director Engelbeck was asked to call and invite the
above-mentioned parties.
Karen Sadri mentioned that the Town Manager, Donna Welsh, would like the Board to consider
setting aside a certain amount annually to help defray the cost to update and provide a current PR
brochure for newcomers and potential residents.
REPORTS FROM DIRECTORS CATES AND ENGELBECK REGARDING THE
COALITION FOR COMMUNITY AND ECONOMIC DEVELOPMENT:
Director Cates informed the Corporation that current legislation before the Senate would require
samller Towns , under the 4a and 4b sales tax groups, to report how their sales tax dollars were
spent. If, upon review, the State Comptroller's office did not approve of the projects, it would
withold future sales tax revenues to those cities. The legislation also included the use of tax
abatements and charging sales tax to the involved cities.
The coalition of 81 cities has hired a lobbyist with 30 years experience to help them.
Director Cates encouraged the Corporation to join the coalition at the cost of $600.00.
OTHER BUSINESS:
Following discussion Director Engelbeck moved to maintain a balance of $3000.00 in the
account at Texas National Bank, and that anything above that, rounded to the nearest $1000.00,
be transferred to our account with TEXPOOL each month.
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TCEDC
Regular Session
February 10, 1997
Director Heath seconded; motion passed unanimously. Attorney John Hill informed the Board
that they needed to pass a resolution to participate in TEXPOOL. Director Engelbeck moved to
participate in TEXPOOL. Director Heath seconded; motion passed unanimously.
ADJOURN:
Director Garlitz moved to adjourn at 8:33 p.m. Director Cates seconded; motion passed
unanimously.
a � r
President,
Trophy Club Economic Development Corporation
(SEAL)
Secretary,
Trophy Club Economic Development Corporation
2/28/97 kig