Minutes EDC 4B 05/10/2004MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
MAY 10, 2004
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 May 10, 2004. The meeting was held within the boundaries of the
Town and was open to the public.
DIRECTORS PRESENT:
Doyle Nicholson
Vice -President
Pam Cates
Treasurer
Tim Meredith
Director
Bill Devlin
Director
DIRECTORS ABSENT:
James Hicks President
Andy Hayes Secretary
Rebecca Shuman Director
STAFF AND GUEST (S) PRESENT:
Roger Unger Staff Liaison
Jan Woodruff EDC Clerk
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM.
Vice -President Nicholson called the meeting to order at 6:41 p.m., announced that there was a
quorum, and proceeded to the Regular session.
REGULAR SESSION
DEVELOPER'S REPORT:
No developers were present.
DISCUSSION AND APPROPRIATE ACTION FOR UPDATING THE TOWN OF TROPHY CLUB
WEBSITE FOR THE ECONOMIC DEVELOPMENT CORPORATION B SITE:
It was agreed that the site looks much better. No action was taken.
DISCUSSION AND APPROPRIATE ACTION FOR STRATEGIC PLANNING:
No action was taken.
DISCUSSION AND APPROPRIATE ACTION FOR DEVELOPING THE FY2004-05 BUDGET:
The opening of the new hospital and the impact of sales taxes were discussed. The 60 days
period started on April 23, 2004 when the notice was published in the Trophy Club Times. The
Public Hearing will be June 14, 2004. The possible costs of the Westlake lawsuit were discussed
since EDCB could be considered an "interested party'.
REVIEW AND APPROVE MINUTES:
Director Devlin made a motion to approve the April 12, 2004 meeting minutes. Director Cates
seconded the motion and it passed unanimously.
Page 2
EDCB May 10, 2004 Meeting Minutes
REVIEW AND APPROVE FINANCIAL REPORT:
Director Meredith made a motion to approve the April 2004 financials. Director Cates seconded
the motion and it passed unanimously.
OTHER BUSINESS:
Roger Unger talked to the Board about the Town looking for ways to convert the entrance signs
to electric. The signs would scroll. There will be a request at the next meeting for up to 50% of the
costs.
Jan Woodruff indicated that the trophies have been ordered for former directors. Roger Unger
suggested that the trophies be handed out at the Volunteer Appreciation that the Council was
going to have soon.
ADJOURN:
Director Cates made a motion to adjourn at 7:37 p.m. Director Meredith seconded�he motion and
it passed unanimously.
j
D cl oI on Pam Cates
Vic -President Treasurer