Minutes EDC 4B 03/10/1997MINUTES OF REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION
TOWN OF TROPHY CLUB
MARCH 10, 1997
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation of the Town of Trophy Club, Texas met in a regular
session Monday, March 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
John Carter
President
Vice President
Secretary
Treasurer
Director (arrived at 7:12 p.m.)
Director
Director
TOWN STAFF AND GUEST(S) PRESENT:
Karen Sadri
Town Secretary
Hap Baggett
President, Synergy Properties, Inc.
John Harbin
Vice President, Beck Properties, Inc.
Gary Tomlin
Resident/Reporter
Jim Carter
Mayor, Town of Trophy Club
President Robert Bungs called the meeting to order and announced a quorum at 7:04 p.m.
President Burns asked to take the agenda out of order and to start with the presentation from the
developers.
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TCEDC
Regular Session
March 10, 1997
PRESENTATION FROM DEVELOPERS REGARDING FUTURE DEVELOPMENT IN
TROPHY CLUB:
HAP BAGGETT, SYNERGY PROPERTIES, INC.:
Mr. Baggett explained all 1997 projects:
■ The Villas: 44 lots; two sections 22 lots each; lots at $52,000; with homes/ price range
$230,000 to $395,000; six homes in progress; 4 more to start in next month; 20% pre -
sold; gated community; lifestyle type homes;
■ The Plaza: a true retail site; 24 acres; 5 story drop from top to Hwy. 114; 3 types of
products; Kroger store Sept. 1998; sit down restaurants; traffic to be contained to The
Plaza and not affect the residential area; constructing from 1997 to 1998;
■ The Commons: 4 acres next to the condominiums on Indian Creek; currently zoned
commercial, would like to see it change to residential;
■ The Parks: 14 acres that wraps CIA pool; a professional office site with medical facilities;
possibly start later this year; to be built in two phases;
■ The Villages: next to bank on Trophy Club Drive; Executive Suites; 80% leased;
■ The Cloisters: near Baseball fields; not in plans for this year; commercial retail;
■ Tetco/Mobil opens April 1, 1997; 50% Mobil Station; 50% fast food restaurant; not a
drive thru; will be on front cover of a petroleum industry magazine as most expensive
convenience store in United States; $2.2 million/1.8 acres
■ Approx. 18,000 sq/ft. Actual retail; approx. $225.00 per sq/ft. annual sales.
■ Construction to be completed by August 1, 1997
Mr. Baggett explained they are designing this to attract local traffic not to pull traffic off Hwy.
114. Mr. Baggett suggested passing another 1/2% sales tax hike within the next 6-8 months.
JOHN HARBIN, BECK PROPERTIES, INC.
Mr. Harbin explained to the Board that Beck Properties is mainly residential and has
approximately 1100 acres for residential development. Beck Properties expects to have about
15,000 people in residence at build out, which should take about 20 years.
Mr. Harbin stated that Beck Properties at this time had only concept plans for the rest of their
development.
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TCEDC
Regular Session
March 10, 1997
Beck Properties Concept Plans:
■ Parks to be connected by hiking trails.
■ The Knoll to start development in the Summer of `97.
■ Hogan's Glen to start development in the Fall of `97.
■ Willow Heights(concept only) will have raised front porches and no cars on their streets.
Mr. Harbin expects to build approximately 200 houses per year; there were 130 homes built last
year. He also stated that they are constructing the streets in the new developments for 50+ years
of use.
President Burns thanked both developers and invited them to come back in the late summer to
update the Board on their progress.
President Burns then recognized Mayor Carter.
Mayor Carter thanked the members of the Board for serving on the Corporation and noted the
impact it will have on all residents. He asked the Board to wisely spend, the monies in their
trust.
Mayor Carter related that the Needs Assessment that the Entities just concluded utilized the
figures of 13,500 residents at and 15 years until build out which differs from that of the
developers, but hinges on many differing factors.
Mayor Carter also addressed the issue of the streets. He stated that approximately 30 miles of the
existing streets were poorly constructed and the Town is currently looking into the street
problems and the necessary repairs (at a cost of $6.9 million).
Mayor Carter explained that the Town has a Park Land Dedication Ordinance in place for
developers to donate either land or money toward the development of parks throughout the
Town.
Mayor Carter moved on to address the problems the Texas Motor Speedway is going to generate,
such as; the noise, the pollution, the need for auto ID stickers, restricted traffic flow. The Mayor
sees the Speedway as having no benefits to the Town, only as being detrimental. He feels the
Speedway is the worst thing that has happened to our area.
President Burns thanked the Mayor for taking the time to attend and speak at this meeting.
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TCEDC
Regular Session
March 10, 1997
President Burns asked to take a five minute break at 8:30 p.m.
The meeting reconvened at 8:35 p.m. at which time President Burns returned to Agenda item 2.
APPROVE MINUTES OF FEBRUARY 10, 1997 MEETING:
Director Carter moved to accept the minutes as written. Director Heath seconded; motion passed
unanimously.
DISCUSSION AND APPROPRIATE ACTION REGARDING THE CORPORATION'S
MISSION STATEMENT:
Following discussion, Director Garlitz moved to accept the Mission Statement along with an
implementation plan. Director Carter seconded; motion passed unanimously.
DISCUSSION AND APPROPRIATE ACTION REGARDING JOINING THE
"COALITION FOR COMMUNITY AND ECONOMIC DEVELOPMENT":
Following discussion, Director Christlieb moved to spend the $600.00 necessary to join the
Coalition. Director Cates seconded; motion passed unanimously.
The appointment of the representative from the Corporation was tabled until the next meeting.
DISCUSSION AND APPROPRIATE ACTION REGARDING THE PROJECTS TO BE
CONSIDERED FOR FUNDING BY THE ECONOMIC DEVELOPMENT
CORPORATION:
This item was tabled until the next meeting.
OTHER BUSINESS:
President Burns asked that as a tentative item for the next meeting the Public Relations
Committee make a presentation on their brochure and how it is to be funded.
Karen Sadri asked that the Board consider creating a budget.
President Burns asked that requests for agenda items to be directed to either himself or Karen
Sadri.
President Burns asked for the next regular meeting to be held Monday, April 21, 1997.
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TCEDC
Regular Session
March 10, 1997
Director Heath moved to accept the meeting date. Director Christlieb seconded; motion passed
unanimously.
ADJOURN:
Director Garlitz moved to adjourn at 9:13 p.m. Director Christlieb seconded; motion passed
unanimously.
Robert Burns, President
Trophy Club Economic Development Corporation
(SEAL)
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DartHeath, Secretary
Trophy Club Economic Development Corporation
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