Minutes EDC 4B 07/11/2006NOTICE OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
JULY 11, 2006
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 July 11, 2006. The meeting was held within the boundaries of
the Town and was open to the public.
DIRECTORS PRESENT:
James Hicks
Doyle Nicholson
Damian Olthoff
Bill Devlin
Rebecca Shuman
Larry E. Crosser
DIRECTORS ABSENT:
STAFF AND GUEST (S) PRESENT:
Roger Unger
Adam Adams
Nick Sanders
Shannon DePrater
President
Vice -President
Secretary
Treasurer
Director
Director
Staff Liaison
Parks and Recreation Director
Mayor
Recording Clerk
REGULAR SESSION
1. Call to order and announce a quorum.
President Hicks called the meeting to order at 6:56 p.m., noting a quorum was present.
2. Open Public Hearing on FY 06-07 budget and advertising expense for Dallas
Business Journal in the amount of $6,150.
President Hicks opened the Public Hearing at 6:56 p.m. No public presentations.
3. Close Public Hearing.
President Hicks closed the Public Hearing at 6:57 p.m.
4. Discussion and action to extend incentive offer on Midwest Commercial Realty
Tract for another year.
Discussion ensued. Director Shuman made a motion upon termination date of incentive offer
not to renew. Director Crosser seconded; motion passed unanimously.
EDC 413
July 11, 2006 Regular Session
Page 2 of 2
5. EDC4B Board to take a field trip to Marshall Creek Park to observe the
contemplated improvements resulting from EDC4B participation in funding of
proposed grant.
President Hicks moved this item to the end of the meeting. All members toured, except for
Director Devlin.
6. Project(s) updates/status and action items; funding requests.
No projects to discuss.
7. Discuss and take action for strategic planning.
No discussion.
8. Approval of June 2006 financial statements.
Director Crosser moved to approve the June 2006 financial statements. Director Shuman
seconded; motion passed unanimously.
9. Approval of meeting minutes.
Director Devlin moved to approve the minutes
passed unanimously.
as written. Director Shuman seconded; motion
10. Other business.
President Hicks reported that the EDC 4A, EDC 4B and the Parks and Recreation Board will
have a joint meeting on Monday, August 28th to discusses Adam Adams' proposal for Marshall
Creek Park.
11. Adjourn regular session.
The meeting was adjourned at 9:00 p.m. from Marshall Creek Park.
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