Minutes EDC 4B 01/14/2002MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
January 14, 2002
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a
Workshop/Regular Session on January 14, 2002. The meeting was held within the boundaries of the Town
and was open to the public.
DIRECTORS PRESENT:
James Hicks
Jonathan Witherspoon
John Carter
Pam Cates
Susan Edstrom
DIRECTORS ABSENT:
Carol Cotton
Terry Christlieb
STAFF AND GUEST(S) PRESENT:
Roger Unger
Renae Gonzales
Jan Woodruff
President
Vice -President
Treasurer
Director
Director/Council Liaison
Secretary
Director
Staff Liaison
Recording Secretary
Staff Financial Analyst
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM:
President Hicks stated a quorum was present and proceeded to the regular session.
DISCUSSION OF REGULAR AGENDA ITEMS:
ADJOURN WORKSHOP SESSION:
REGULAR SESSION/PUBLIC HEARING
CALL TO ORDER AND ANNOUNCE A QUORUM:
President Hicks called the meeting to order and announced a quorum at 6:31 p.m.
DEVELOPER REPORT:
No developer report.
DISCUSSION AND APPROPRIATE ACTION REGARDING UPDATING THE WEBSITE:
Jonathan Witherspoon stated that website changes had been given to Beth Ann Gregory. Changes to the
website will be made as staff time permits.
DISCUSSION AND APPROPRIATE ACTION REGARDING STRATEGY PLAN:
Discussion ensued regarding the strategy plan. Final approval will be made at February meeting and will
present to Town Council on February 18, 2002. Susan Edstrom to invite developer Cy Holley to EDC's
February meeting.
DISCUSSION AND APPROPRIATE ACTION REGARDING REQUIRED COMPLETION OF
ANNUAL REPORT TO THE TEXAS COMPTROLLER OF PUBLIC ACCOUNTS CAUSED BY
THE PASSING OF HOUSE BILL 1410 IN THE 75T`'' LEGISLATURE:
Roger Unger stated that staff would complete the form that is due on February 1, 2002.
Page 2 ECONOMIC DEVELOPMENT CORP 4B January 14, 2002
DISCUSSION AND APPROPRIATE ACTION REGARDING COST SHARING OF RTCW
CHAMBER OF COMMERCE RENT:
Tabled to next meeting. Susan Edstrom asked Roger Unger to discuss with legal counsel.
REVIEW AND APPROVE MINUTES:
Director Edstrom made a motion to accept the minutes as written. Director Carter seconded.
Motion passed unanimously.
REVIEW AND APPROVE FINANCIAL REPORT:
Director Witherspoon made a motion to accept the financial report as written. Director Edstrom seconded.
Motion passed unanimously.
OTHER BUSINESS:
Discussion of House bill 3178 — Economic Development. It requires the executive director of a 4A or a 413
corporation and either the city attorney, city administrator or the city clerk to attend training on laws
governing 4A and 413 corporations at least one time in a 24 -month period. A person must present a
certificate of completion to the State Comptroller for each person required to attend training. Failure to
present proof can subject the corporation to an administrative penalty not to exceed $1,000 for each
violation. Corporate revenue may be used to pay the costs of attending the seminar required by this bill.
ADJOURN:
Director Carter made a motion to adjourn the meeting at 7:32 p. m. Director Edstrom seconded. Motion
passed unanimously.
L
James Hicks
President
1/15/02drg
Carol Cotton
Secretary