Minutes EDC 4B 06/10/2002MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
June 10, 2002
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 413 of the Town of Trophy Club, Texas, met in a
Workshop/Regular Session on June 10, 2002. The meeting was held within the boundaries of
the Town and was open to the public.
James Hicks
President
John Carter
Treasurer
Jonathan Witherspoon
Vice -President
Pam Cates
Director
Terry Christlieb
Director
DIRECTORS ABSENT:
Carol Cotton Secretary
STAFF AND GUEST(S) PRESENT:
Roger Unger Staff Liaison
Jan Woodruff Staff
Susan Edstrom Town Council Member
Beverly Foley Town Council Member
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM:
President Hicks stated a quorum was present at 6:38 p.m. and proceeded to the public hearing.
session.
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DISCUSSION AND APPROPRIATE ACTION TO REIMBURSE UP TO 25% OF THE 1.4
MILLION DOLLAR DEBT SERVICE FOR THE CONSTRUCTION OF THE POOL AND PHASE
2 AND PHASE 3 OF THE 10 -ACRE PARK.
There were no comments since no one attended the public hearing outside of the people listed
above.
DISCUSSION AND APPROPRIATE ACTION TO FUND THE OPERATIONS OF THE POOL
FOR THE FIRST FIVE YEARS, 100% FOR THE FIRST TWO YEARS, 80% FOR THE THIRD
YEAR, 50% FOR THE FOURTH YEAR, AND 20% FOR THE FIFTH YEAR.
No comments from public.
DISCUSSION AND APPROPRIATE ACTION TO FUND $20,000 OF THE 4T" OF JULY
CELEBRATION.
The disbursement will take place since it was in the EDCB original budget.
DISCUSSION AND APPROPRIATE ACTION TO FUND $7040 FOR THE TOWN OF TROPHY
CLUB'S PROFESSIONAL EXPENSES.
The disbursement will take place since it was in the EDCB original budget.
DISCUSSION AND APPROPRIATE ACTION FOR ADVERTISING IN FORT WORTH STAR
TELEGRAM VISITOR'S GUIDE.
No comments from public. It was requested that this be an agenda item for the next meeting.
PAGE 2 EDC 4B JUNE 10, 2002
MEETING MINUTES
ADJOURN PUBLIC HEARING:
Director Cates made a motion to adjourn the Public Hearing. Director Christlieb seconded the
motion. Motion passed unanimously.
REGULAR SESSION/PUBLIC HEARING
CALL TO ORDER AND ANNOUNCE A QUORUM:
President Hicks called the meeting to order and announced a quorum.
DEVELOPER REPORT:
No developer report.
DISCUSSION AND APPROPRIATE ACTION TO DEVELOP A BUDGET.
The budget was discussed in detail. It was tabled to next month.
DISCUSSION AND APPROPRIATE ACTION TO APPROVE THE ARTS COUNCIL EXPENSE.
Tabled until next month.
REVIEW AND APPROVE MINUTES:
Director Carter made a motion to accept the May 13th meeting minutes. Director Cates seconded
the motion and it passed unanimously. Director Christlieb abstained.
REVIEW AND APPROVE FINANCIAL REPORT:
Tabled until the next meeting.
DISCUSSION OF IMPACT OF NEW COMMITTEE HANDBOOK AND GUIDELINES:
Tabled until next meeting. There were objections to the wording of the handbook about the
expenditures being brought before Town Council. It was requested that the wording be changed
to present a budget annually to the Town Council of expenditures, with new expenditures not on
the budget being presented to the Town Council. Also, the EDC Board, not the Town Council,
elects the officers.
OTHER BUSINESS:
An update was given on the TEDSTA/Economic Development meeting held on June 6'" in
Mesquite/
There was discussion over the attendance of the EDC 4B members for the last year.
ADJOURN:
Director Carter made a motion to adjourn the meeting at 9:34 p. m. Director Christlieb seconded.
Motion passed unanimously.
4Jani Hicks Carol Cotton
President Secretary
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