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Minutes EDC 4B 08/14/2000MINUTES OF REGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION TOWN OF TROPHY CLUB August 14, 2000 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation of the Town of Trophy Club, Texas, met in a Regular Session August 14, 2000. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: David Garlitz President James Hicks Vice -President Paul Zigler Secretary John Carter Treasurer Pam Cates Director Terry Christlieb Director Scott Smith Council Liaison DIRECTORS ABSENT: STAFF AND GUEST(S) PRESENT: Renae Gonz.-Iles Recording Secretary Jodi Ashby Public Relations Committee Carol Brown Public Relations Committee REGULAR SESSION CALL TO ORDER AND ANNOUNCE A QUORUM: President Garlitz called the meeting to order and announced a quorum at 6:04 p.m. FOLLOWUP BY JODI ASHBY ON THE 4TH OF JULY CELEBRATION: Ms. Ashby stated that expenses were greater than revenues by $3,683.55 but shirts, hats and license plates are still being sold. Also the Public Relations Committee is making a donation from their budget. REVIEW AND APPROVE MINUTES: Director Smith made a motion to accept the minutes as written. Director Christlieb seconded. Motion passed unanimously with Directors Cates and Zigler abstaining. REVIEW AND APPROVE FINANCIAL REPORT: Director Smith made a motion to accept the financial statements as written. Director Cates seconded. Motion passed unanimously. DISCUSS BUDGET FOR FISCAL 2000-2001: Discussion ensued. No action taken. Page 2 ECONOMIC DEVELOPMENT CORP. August 14, 2000 DISCUSSION AND APPROPRIATE ACTION REGARDING DIRECT INVOLVEMENT/ROLE IN DISTRIBUTING PUBLIC RELATIONS TAPES/BROCHURES. DISCUSS CONTACT LIST PUT TOGETHER BY PAUL ZIGLER: Director Zigler stated there is no list. He has spoken to the Builder's Association. They have a list they sell for approximately $13,000. Discussion concerning the distribution of tapes/brochures was tabled to the next meeting. DISCUSSION AND APPROPRIATE ACTION REGARDING APPLICATIONS FOR FUNDS: The Public Relations Committee requested funds of $20,000 for next year's 4`" of July Celebration. Director Garlitz made a motion to fund up to $12,500 specifically for fireworks. He also made a motion to match dollar for dollar up to $4,000 for new advertisers for celebration exclusive of prior year donors. Director Zigler seconded. Motion passed unanimously. The Public Relations Committee requested funds of $8,000 for advertising in D Magazine, Real Estate Magazines, Chamber Booklet and Kaleidoscope of Homes. Discussion ensued. The request was tabled with the Public Relations Committee to return with a specific plan. DISCUSSION AND APPROPRIATE ACTION REGARDING PROPOSED CONTRIBUTION TO TOWN FOR BASEBALL FIELDS GRANT: The Town Parks and Ree Committee requested that EDC remove the contingency of the Town receiving the grant award in order to fund the $20,000 contribution. Director Zigler made a motion to revise the restriction of receiving the grant and make available to Parks and Rec the $20,000 for only that project. Director Carter seconded. Motion failed with Directors Carter, Smith and Zigler voting for and Directors Christlieb, Hicks, Cates and Garlitz voting against. OTHER BUSINESS: No discussion. ADJOURN: Director Christlieb made a motion to adjourn the meeting at 9:02 p. in. Director Zigler seconded. Motion passed unanimously. "� 6 d�- � IV '1� David Garll z President 08/17/00drg , a Ja e Mcks Vice -President