Minutes EDC 4B 01/13/2003MINUTES QFVUORKSHOP8REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OFTROPHY CLUB
January 13'2DU3
STATE QFTEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy C|ub. Texas, met in a
Workshop/Regular Session onJanuary 13.2UO3. The meeting was held within the boundaries of
the Town and was open 0zthe public.
DIRECTORS PRESENT
James Hicks
President
Jonathan Witherspoon
Vice -President
TerryChhst|ieb
Director
Doyle Nicholson
Director
Andy Hayes
Secretary
DIRECTORS ABSENT
John Carter Treasurer
Pam Cates Director
STAFF AND GUEST(S) PRESENT
Roger Unger Staff Liaison
Nei|Tvvomey Local Option Election Committee Co -Chairman
Jan Woodruff Staff
Hap Baggett Synergy
PUBLIC HEARING
CALL PUBLIC HEARING T0ORDER.
President Hicks stated a quorum was present at 6:40 p.m.
DISCUSSION AND APPROPRIATE ACTION FOR THE FUNDING QFTHE LOCAL OPTION
ELECTION COMMITTEE EXPENSES NOT TQEXCEED $5OOO.
There was no one from the public that wanted to speak.
ADJOURN PUBLIC HEARING.
Director ChhsMiebmade amotion toadjourn the public hearing. Director Witherspoon seconded
the motion. The public hearing was unanimously adjourned atG:41 p.m
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM.
President Hicks proceeded to the Regular session.
REGULAR SESSION
DEVELOPER'S REPORT.
Hap 8aggettgave the Board an update on the 16 -acre tract. The property closed 12-20-02. The
engineering has started. They anticipate the roadway will becompleted byJuly. The medical
facility onthis property will close 3Odays after the road iacompleted.
PAGE 2 EDC 4B JANUARY 13, 2003
DISCUSSION AND APPROPRIATE ACTION REGARDING PRESENTATION AND REQUEST
FROM DEVELOPER ON 16 -ACRE COMMERCIAL TRACT FRONTING HIGHWAY 114.
Roger Unger worked with the EDCB Board to go over and make changes to the proposed
Resolution and Exhibit A to go before the Town Council for approval. Director Christlieb made a
motion to approve the Resolution and Exhibit A with changes for the incentive agreement with
Midwest Commercial Realty. Director Nicholson seconded the motion and it passed unanimously.
DISCUSSION AND APPROPRIATE ACTION TO PROVIDE FUNDING FOR THE LOCAL
OPTION COMMITTEE EXPENSES NOT TO EXCEED $5000.
Neil Twomey talked to the EDCB Committee. He said that Jan Woodruff checked with Bob
Bearden with the Comptroller's Office and Jeff Moore with the Attorney General's Office and the
funding of the Local Option Committee expenses could not be considered a project. Jeff Moore
said that individual members of the EDCB Board could get their expenses reimbursed through
EDC Administration if the person is also a member of the Local Option Committee. Director
Nicholson made a motion to table this for a later date to investigate. Director Christlieb seconded
the motion and it passed unanimously.
DISCUSSION AND APPROPRIATE ACTION TO APPROVE THE ECONOMIC DEVELOPMENT
CORPORATION REPORT TO THE COMPTROLLER'S OFFICE FOR FISCAL YEAR 2003.
Director Christlieb made a motion to accept the report. Director Witherspoon seconded the
motion and it passed unanimously.
REVIEW AND APPROVE MINUTES.
Director Nicholson made a motion to adopt the December 9, 2002 minutes as amended. Director
Witherspoon seconded the motion. The motion passed unanimously.
REVIEW AND APPROVE FINANCIAL REPORT:
Director Christlieb made a motion to approve the December 2002 financial statements. Director
Hayes seconded the motion and the motion passed unanimously.
OTHER BUSINESS.
The Shop Trophy Club First/EDC informational pamphlet was sent with the water bill this month.
ADJOURN.
Director Witherspoon made a motion to adjourn at 8:36 p.m. Director Christlieb seconded the
motion and it passed unanimously.
_.._s. Andy Hayes
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President Secretary