Minutes EDC 4B 07/14/2003MINUTES OFWORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OFTROPHY CLUB
July 14,O003
STATE OFTEXAS
COUNTY OFOENTON
The Economic Development Corporation 413 of the Town of Trophy Club, Texas, met in a
Workshop/Regular Session onJuly 14'2003. The meeting was held within the boundaries ofthe
Town and was open tothe public.
DIRECTORS PRESENT:
James Hicks
Pam Cates
Doyle Nicholson
Andy Hayes
TerryChhaMiab
DIRECTORS ABSENT:
John Carter
STAFF AND GUEST (S) PRESENT:
Roger Unger
President
Director
Director
Secretary
Director
Treasurer
Staff Liaison
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE QUORUM.
President Hicks called the meeting to order at 6:40 p.m., announced that there was a quorum,
and proceeded tothe Regular session.
REGULAR SESSION
DEVELOPER'S REPORT.
There were no developers present.
DISCUSSION AND APPROPRIATE ACTION FOR ELECTION OFOFFICERS.
The vote was unanimous toname the slate ofofficers uo
James Hicks, President
Doyle Nicholson, Vice President
John Carter, Treasurer
Andy Hayes, Secretary
DISCUSSION OFCHANGES OFEDC LAWS.
It was requested that Roger Unger have an attorney to review Section 6.413(a)(2). It was decided
that there is no impact to EDCB as a result of the changes in HP2912 because it gives a broader
DISCUSSION OF FISCAL YEAR O3-04BUDGET.
Director Christlieb made a motion to adopt the budget with the change to the Chamber of
Commerce. Director Cates seconded the motion and itpassed unanimously.
DISCUSSION AND UPDATE FOR DEVELOPING FACT SHEET.
EDCB 07/14/03 Meeting Minutes
DISCUSSION AND APPROPRIATE ACTION TOAMEND CHECKING ACCOUNT SIGNATURE
CARD.
Pam Cates made a motion to remove Jonathan Witherspoon and add Doyle Nicholson. This
Andy Hayes seconded the motion and itpassed unanimously.
REVIEW AND APPROVE MINUTES.
Director Nicholson made a motion to adopt the June 9, 2003 minutes. Director Christlieb
seconded the motion. The motion passed unanimously.
REVIEW AND APPROVE FINANCIAL REPORT:
Director Cates made a motion to approve the May 2003 financial statements. Director Nicholson
seconded the motion and the motion passed unanimously.
OTHER BUSINESS.
The gas drilling and the impact onthe community were discussed.
ADJOURN.
Director Cates made a motion to adjourn at 8:08 p.m. Director Nicholson seconded the motion
and itpassed unanimously.
NL
President Secretary