Minutes EDC 4B 05/09/2005NOTICE OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
MAY 9, 2005
6:30 P.M.
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a Workshop/Regular
Session on May 9, 2005. The meeting was held within the boundaries of the Town and was open to the
public.
DIRECTORS PRESENT:
James Hicks
Andy Hayes
Rebecca Shuman
Amanda Foust
Ralph Scoggins
DIRECTORS ABSENT:
Doyle Nicholson,
Bill Devlin
STAFF AND GUEST (S) PRESENT:
Sharon Huppert
Roger Unger
Jan Woodruff
President
Secretary — Departed approx 7:30pm
Director
Director
Director
Vice -President
Treasurer
EDC Clerk
Staff Liaison
Former EDC Clerk
WORKSHOP SESSION
1. CALL TO ORDER AND ANNOUNCE A QUORUM.
2. DISCUSSION OF REGULAR AGENDA ITEMS.
3. ADJOURN WORKSHOP SESSION.
REGULAR SESSION
1. CALL TO ORDER AND ANNOUNCE A QUORUM.
President Hicks called the Regular Session to order at 6:50 p.m., and announced that there was a quorum.
2. RECOGNITION OF FORMER EDC 4B CLERK, JAN WOODRUFF.
President Hicks recognized and awarded a plaque to Jan Woodruff for her dedication and involvement.
3. DEVELOPER'S REPORT.
Roger Unger gave a report on an inquiry the Town received from a hotel in reference to preliminary incentives
and construction on the 16 acres at Trophy Wood.
4. DISCUSSION REGARDING 2005-06 PRELIMINARY BUDGET PRESENTED TO TOWN COUNCIL
AND ADMINISTRATIVE STAFF.
Roger Unger led a discussion.
5. DISCUSSION REGARDING SALES TAX FORECAST AND MODEL USED.
Roger Unger informed the Board of the sales tax projection for the current year; i.e., alcohol, rooftops, and
medical center diagnostic equipment.
6. DISCUSSION REGARDING THE POSSIBLE MISALIGNMENT OF THE TOWN'S RESOLUTIONS
FOR EDC 4A AND EDC 4B.
Director Shuman questioned Roger Unger in reference to Town creating resolutions to match up with law. The
question was posed as to limited effectiveness. A discussion was held and clarification communicated. It was
suggested that the Task Force request to placed on the Council's agenda any long range planning and
evaluation of where the EDCs stand.
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May 9, 2005
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7. DISCUSSION AND APPROPRIATE ACTION FOR STRATEGIC PLANNING.
Director Shuman expressed concerns in reference to the Task Force and the committee's guidance of
developing solutions to essential questions about the Town's future appearance/package; i.e. demographic
information, a survey to solicit input from the residents. The Board agreed to analyze the DR Horton plan in
conjunction with the collected demographics. EDC 4B along with the Task Force would have interest in
submitting a proposal for the Council.
8. DISCUSSION OF UPDATES TO FORM "ACTION ITEMS LOG".
Tabled until next meeting.
9. DISCUSSION OF UPDATES TO FORM "FUNDING REQUEST LOG".
Tabled until next meeting.
10. DISCUSSION OF UPDATES TO FORM "ISSUE ITEMS LOG".
Tabled until next meeting.
11. APPROVAL OF MEETING MINUTES.
Director Shuman made a motion to approve the April 11, 2005 meeting minutes. Director Scoggins seconded
the motion and it passed unanimously.
12. APPROVAL OF FINANCIAL STATEMENTS.
March 2005 financials tabled until next meeting.
13. OTHER BUSINESS.
Director Foust will send a communication to the Board in reference to a Task Force update.
14. ADJOURN REGULAR SESSION.
Director Scoggins made a motion to adjourn at 8:10 p.m. Director Shuman seconded the motion and it passed
unanimously.
James Hicks
President
Andy Hayes
Secretary