Minutes EDC 4B 09/13/2004MINUTES OFWORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN []FTROPHY CLUB
SEPTEMBER 13,2004
STATE DFTEXAS
COUNTY {JFOENTON
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a Public
Hnarino/VVorkshoo/Regu|orSession onSeptember 13,2O04. The meeting was held within the
boundaries nfthe Town and was open tothe public.
DIRECTORS PRESENT:
James Hicks
Doyle Nicholson
Andy Hayes
Bill Devlin
Jenne Allen
DIRECTORS ABSENT:
Rebecca Shuman
Tim Meredith
President
Vice -President
Secretary
Treasurer arrived at7:O5 p.m.
Director
Director
Director
STAFF AND GUEST (S)PRESENT:
Roger Unger Staff Liaison
Jan Woodruff EDC Clerk
WORKSHOP SESSION
CALL TOORDER AND ANNOUNCE AQUORUM.
President Hicks called the meeting to order at 6:46 p.m., announced that there was a quorum, and
proceeded to the Regular session. He welcomed Jenne Allen to the EDCB board.
REGULAR SESSION
DEVELOPER'S REPORT:
No developers were present.
DISCUSSION AND APPROPRIATE ACTION FOR NAMING ATREASURER FOR THEEDCB:
Director Nicholson made amotion 1oname Director Devlin as the new Treasurer. Director Hayes
seconded the motion and itpassed unanimously.
DISCUSSION AND APPROPRIATE ACTION TO CHANGE SIGNATURE AUTHORITY FOR THE
FIRST FINANCIAL BANK ACCOUNT:
Director Nicholson made a motion to allow James Hicks, Doyle Nicholson, Andrew Hayes, William
Devlin, Diane Cockrell, Donna Welsh, and Roger Unger to have signature authority for the First
Financial Bank account. Director Hayes seconded the motion and it passed unanimously.
DISCUSSION AND APPROPRIATE ACTION FOR TOCHANGE S|NGATUREAUTHORITY FOR
THE TEXPOOLACCOUNT:
Director Allen made a motion to allow James Hicks, Doyle Nicholson, Andrew Hayes, William Devlin,
Diane Cockrell, Donna Welsh, and Roger Unger to have signature authority for the Texpool account.
Director Hayes seconded the motion and itpassed unanimously.
Page 2
EDCB Meeting September 13, 2004
DISCUSSION AND APPROPRIATE ACTION FOR STRATEGIC PLANNING:
It was requested by the Directors that they receive a copy of the 3 -year plan for Parks and
Recreation. It was also requested that a copy of the 16 -acre incentive be provided in the next packet.
Jan Woodruff handed out the timeline document that Director Shuman prepared. Jan Woodruff also
handed out the new Economic Development Handbook copies. No action was taken.
REVIEW AND APPROVE MINUTES:
Director Devlin made a motion to approve the July 12, 2004 meeting minutes. Director Hayes
seconded the motion and it passed unanimously as amended. Director Allen abstained.
REVIEW AND APPROVE FINANCIAL REPORT:
There was a discussion about fees at the pool and the possibility of a third pool. Director Devlin made
a motion to approve the July and August 2004financials. Director Nicholson seconded the motion and
it passed unanimously.
OTHER BUSINESS:
A reception for the former long-term members will be held at a future meeting. Jan Woodruff needs to
order a plaque for Pam Cates.
ADJOURN:
Director Devlin made a motion to adjourn at 7:46 p.m. Director Allen seconded the motion and it
passed unanimously.
Ji Hicks Andy Hayes
President Secretary