Minutes EDC 4B 11/10/1997MINUTES OF REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION
TOWN OF TROPHY CLUB
November 10, 1997
COUNTY OF DENTON
The Economic Development Corporation of the Town of Trophy Club, Texas met in a regular
session November 10, 1997 The meeting was held within the boundaries of the Town and was
open to the public.
DIRECTORS PRESENT:
Robert Burns
President
Terry Christlieb
Vice President
Dan Heath
Secretary
Marshall Engelbeck
Director
Pam Cates
Director
DIRECTORS ABSENT:
John Carter Director
STAFF AND GUEST(S) PRESENT:
Greg Guillaume Senior Accountant/ Staff Liaison
President Robert Burns called the meeting to order and announced a quorum at 7:02 p.m.
APPROVE MINUTES OF SEPTEMBER 8, 1997 MEETING:
Director Heath moved to accept the minutes of the September 8, 1997 meeting as written.
Director Christlieb seconded; motion passed, with Directors Christlieb and Heath voting for and
Director Cates abstaining.
REVIEW TCEDC FINANCIAL STATEMENTS ENDING SEPTEMBER 30, 1997 &
OCTOBER 31,1997:
Director Cates moved to accept the financials as presented. Director Christlieb seconded; motion
passed unanimously.
DISCUSS CURRENT DIRECTOR VACANCY AND INTERVIEW CANDIDATES:
The Board interviewed Scott Smith and Paul Zigler. Candidate Penny Wilson was not in
attendance.
Following the interviews and discussion Director Heath nominated Paul Zigler to fill the vacant
Director's position. Director Christlieb seconded; motion passed, with Directors Christlieb,
Engelbeck and Heath voting for and Director Cates abstaining.
Page 2 TCEDC Regular Session
November 10, 1997
DISCUSS AND COMPLETE THE BUDGET FOR THE 1996-1997 FISCAL YEAR FOR AUDIT
PREPARATION:
Following discussion, Director Christlieb moved to accept the 1996-1997 budget. Director
Heath seconded; motion passed unanimously.
DISCUSS FUNDING FOR THE PARKS AND RECREATION COMMITTEE, PLAYGROUND
EQUIPMENT PROJECT:
Following discussion, no action taken.
OTHER BUSINESS:
A. ELECTION OF NEW TREASURER:
Following discussion Director Heath moved to nominate Paul Zigler. Director Cates seconded;
motion passed unanimously.
B. CANCELLATION OF DECEMBER AND JANUARY MEETINGS:
By consensus the Board has canceled the December and January meetings.
ADJOURN:
Director Heath moved to adjourn at 8:05 p.m
unanimously.
Director Engelbeck seconded; motion passed
Robert Burns, President
Trophy Club Economic Development Corporation
Trophy Club Economic Development Corporation
12/08/97 klm
(SEAL)