Minutes EDC 4B 06/09/2003MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
June 9, 2003
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 9, 2003. The meeting was held within the boundaries of the
Town and was open to the public.
DIRECTORS PRESENT:
James Hicks
President
Pam Cates
Director
Doyle Nicholson
Director
John Carter
Treasurer
Andy Hayes
Secretary
Terry Christlieb
Director
DIRECTORS ABSENT:
Jonathan Witherspoon Vice -President
STAFF AND GUEST (S) PRESENT:
Roger Unger Staff Liaison
Jan Woodruff Staff
Susan Edstrom Town Councilmember
WORKSHOP SESSION
Arrived 6:45 p.m.
CALL TO ORDER AND ANNOUNCE A QUORUM.
President Hicks called the meeting to order at 6:37 p.m., announced that there was a quorum,
and proceeded to the Regular session.
REGULAR SESSION
DEVELOPER'S REPORT.
There were no developers present.
DISCUSSION AND APPROPRIATE ACTION FOR DEVELOPING FACT SHEET.
Different suggestions were made to update the FACT sheet to include EDC information and
information for prospective developers. Pam Cates will meet with the Public Relations Committee
at their regular meeting for their input. This agenda item was tabled until the next meeting.
DISCUSSION OF FISCAL YEAR 03-04 BUDGET.
The budget was discussed and completed for submission to the Town Council for approval. The
60 -day public hearing notice will be started after the joint meeting with the Town Council that may
be scheduled for June 23`d at 7:00 p.m.
REVIEW AND APPROVE MINUTES.
Director Carter made a motion to adopt the May 12, 2003 minutes. Director Hayes seconded the
motion. The motion passed unanimously. Director Christlieb abstained since he did not attend the
May 12'h meeting.
REVIEW AND APPROVE FINANCIAL REPORT:
Director Cates made a motion to approve the May 2003 financial statements. Director Carter
seconded the motion and the motion passed unanimously.
Page 2
EDCB June 9, 2003 Meeting Minutes
OTHER BUSINESS.
President Hicks announced that Director Witherspoon will be leaving the EDCB after his term is
up because of increased hours at work.
The Kaleidoscope of Homes will not happen until the spring of 2004.
Income that may be generated if gas wells are erected in Trophy Club was discussed.
ADJOURN.
Director Carter made a motion to adjourn at 8:42 p.m. Director Nicholson d-f� seconded the
motion and it passed unanimously.
Ja es Hicks Andy Hayes
President Secretary