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Minutes EDC 4B 04/12/1999TOWN OF i'.. K/111i`IE �`Ll1 ! 1�i7 i►i The Economic Development Corporation of the Town of Trophy Club, Texas met in a Joint Public Hearing and Regular session April 12, 1999. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: Terry Christlieb Paul Zigler Marshall Engelbeck Jon Livers DIRECTORS ABSENT: John Carter James Hicks Pam Cates STAFF AND GUEST(S) PRESENT: James L Buxton Renae Gonzales Barbara Allen Barb Tweedie Bob Petrach Ben Brewster Donna Krauss Susan Edstrom Linda Mills Darren Klauser Ronnie Engelbeck David Burgher John Brooks President Treasurer Director Director Director Director Director Staff Liaison Recording Secretary Trophy Club Court/Resident PR Committee PR Committee PR Committee/Council PR Committee PR Committee Resident Resident Resident Trophy Investments NISD Superintendent/Resident REGULAR SESSION CALL TO ORDER AND ANNOUNCE A QUORUM: President Christlieb called the Regular Session to order and announced a quorum at 6:31 p.m. REVIEW AND APPROVE MINUTES: Director Engelbeck made a motion to accept the minutes of the March 8, 1999 meeting. Director Zigler seconded; motion passed unanimously. REVIEW AND APPROVE DISBURSEMENTS: Director Engelbeck made a motion to accept the financial statements. Director Livers seconded; motion passed unanimously. Page 2 TCEDC Regular Session April 12, 1999 PRESENTATION BY DAVID BURGHER REGARDING DEVELOPMENT OF COMMERCIAL/OFFICE SITE: David Burgher, Trophy Investments, reported that to date two dentists, one European Spa Salon, and two restaurants have made commitments in the new strip center. He is hoping for at least two more eating establishments. PRESENTATION BY BARBARA ALLEN, TOWN COURT ADMINISTRATOR, REQUESTING FUNDS FOR SCHOOL CROSSING LIGHTS: Mrs. Allen presented an update and requested funds for school crossing lights for all three schools in Trophy Club. Each light costs $2,450-$2850. Eight lights are needed to cover the three schools. No action taken. PUBLIC HEARING President Christlieb called the Public Hearing to order at 7:14 p.m. and announced a quorum. TROPHY CLYTB ECONOMIC DEVELOPMENT CORPORATION TO CONDUCT A PUBLIC HEARING ON THE EXPENDITURE OF FUNDS FOR A PROPOSED PROJECT TO HELP PROVIDE NEW PLAYGROUND EQUIPMENT FOR LAKEVIEW ELEMENTARY SCHOOL IN THE NISD: Darren Klauser, on behalf of Lakeview Elementary, requested $9,000 for playground equipment. TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION TO CONDUCT A PUBLIC HEARING ON THE EXPENDITURE OF FUNDS FOR A PROPOSED PROJECT TO HELP WITH THE BEAUTIFICATION OF THE ENTRANCES AT TROPHY LAKE DRIVE AND TROPHY CLUB DRIVE: Barb Tweedie and Ben Brewster on behalf of the Public Relations Committee requested $30,000 for beautification. TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION TO CONDUCT A PUBLIC HEARING ON THE ADDITIONAL EXPENDITURE OF FUNDS TO THE TOWN PUBLIC RELATIONS COMMITTEE FOR THE TOWN PROMOTIONAL VIDEO: Barb Tweedie stated that of the $40,000 already allocated by TCEDC, the video will cost $20,000 - $25,000. They will use aerials and existing pictures from Beck Properties. Brochures will cost $10,000 and the remaining $5,000 will be used for miscellaneous promotional. They do not need any additional funding. ADJOURN: The Public Hearing adjourned at 7:53 p.m. and reconvened back to the Regular Session. REGULAR SESSION DISCUSSION AND APPROPRIATE ACTION REGARDING THE PROPOSED PROJECT TO HELP PROVIDE NEW PLAYGROUND EQUIPMENT FOR LAKEVIEW ELEMENTARY SCHOOL IN THE NISD: Director Engelbeck made a motion to support up to $10,000 for playground equipment contingent on findings from the NISD. Director Zigler seconded; motion passed unanimously. Page 3 TCEDC Regular Session April 12, 1999 DISCUSSION AND APPROPRIATE ACTION REGARDING THE PROPOSED PROJECT TO HELP WITH THE BEAUTIFICATION OF THE ENTRANCES AT TROPHY LAKE DRIVE AND TROPHY CLUB DRIVE: Director Zigler made a motion to provide up to $30,000 to be used for beautification for all three entrances and to be paid by end of this fiscal year. Director Livers seconded; motion passed unanimously. DISCUSSION AND APPROPRIATE ACTION REGARDING THE PROPOSAL TO PROVIDE ADDITIONAL FUNDS TO THE TOWN PUBLIC RELATIONS COMMITTEE FOR PROMOTIONAL VIDEO: Director Engelbeck made a motion to drop this agenda item. $40,000 already allocated and no additional funds requested. Director Zigler seconded; motion passed unanimously. DISCUSSION OF POSSIBLE EDC INVOLVEMENT IN PROMOTION OF COMMERCIAL DEVELOPMENT THROUGH BUSINESS INCENTIVES OR CONSTRUCTION OF RETAIL SPACE: Directors discussed alternative forms of stimulating economic growth in Trophy Club. Director Zigler made a motion to place a moratorium on spending. There will be no additional capital expenditures this fiscal year. Director Engelbeck seconded; motion passed unanimously. PRESENTATION FROM BOARD MEMBERS: No action taken. OTHER BUSINESS: No action taken. The meeting on May 10, 1999 will be held at 6:00 p.m. • _P Director Zigler made a motion to adjourn at 8:50 p.m. Director Livers seconded; motion passed unanimously. Terry Christlieb President 5/4/99 drg Pam Cates Vice -President