Minutes EDC 4B 11/11/2002MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 413
TOWN OF TROPHY CLUB
November 11, 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 November 11, 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
Terry Christlieb
Doyle Nicholson
DIRECTORS ABSENT:
President
Vice -President
Treasurer
Director
Director
Director
STAFF AND GUEST(S) PRESENT:
Roger Unger Staff Liaison
Susan Edstrom Town Councilmember
John Taber Resident
PUBLIC HEARING
CALL PUBLIC HEARING TO ORDER.
President Hicks stated a quorum was present at 6:38 p.m.
DISCUSSION AND APPROPRIATE ACTION FOR THE PURPOSE OF EXPENDITURE OF
FUNDS FOR CONSTRUCTION OF AND INCENTIVES FOR THE TROPHY WOOD DRIVE
EXTENSION AND THE PLAZA PROJECTS FOR COMMERCIAL DEVELOPMENT PER THE
REQUEST OF THE SYNERGY GROUP.
The EDCB discussed possible performance based incentives. Roger Unger will try to have a
rough draft of the contract by the next meeting. He will submit it to the attorney for review and
revision after the real estate closing on the property. The contract will be between the EDCB and
the Developer.
ADJOURN PUBLIC HEARING.
The public hearing was unanimously adjourned at 7:38 p.m.
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM.
President Hicks proceeded to the Regular session.
REGULAR SESSION
DEVELOPER'S REPORT.
There was no developer present.
DISCUSSION AND APPROPRIATE ACTION TO FILL SECRETARY'S POSITION ON THE
EDCB BOARD.
This was tabled until the next meeting.
PAGE 2 EDC 4B NOVEMBER 11, 2002
DISCUSSION AND APPROPRIATE ACTION REGARDING PRESENTATION AND REQUEST
FROM DEVELOPER ON 16 -ACRE COMMERCIAL TRACT FRONTING HIGHWAY 114.
No further discussion at this time, tabled until next meeting.
DISCUSSION AND APPROVAL OF THE RESOLUTION AMENDING AUTHORIZED
REPRESENTATIVES FOR THE TEXPOOL ACCOUNT.
Director Cates made a motion to approve the resolution amending authorized representatives to,
James Hicks, John Carter, Roger Unger, Donna Welsh, and Diane Cockrell for the Texpool
Account. Director Nicholson seconded and the motion passed unanimously.
REVIEW AND APPROVE MINUTES.
Director Carter made a motion to adopt the October 14 and October 28, 2002, minutes as
amended. Director Nicholson seconded the motion. The motion passed unanimously with
Director Witherspoon abstaining.
REVIEW AND APPROVE FINANCIAL REPORT:
Director Witherspoon made a motion to approve the October 2002 financial statements. Director
Carter seconded the motion and the motion passed unanimously.
OTHER BUSINESS.
There was a discussion about the 4'" of July budgeted funds and the carryover from last fiscal
year.
Director Cates gave an update on the Local Option Election Committee and also said the
committee would be coming to the EDCB for a request for funding.
ADJOURN.
Director Carter made a motion to adjourn at 8:02 p.m. Director Cates seconded the motion and it
passed unanimously.
J� es Hicks Jonathan Witherspogn
P' sident Vice -President