Minutes EDC 4B 09/25/2006NOTICE OF REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
SEPTEMBER 25, 2006
7:00 P.M.
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a
Regular Session on September 25, 2006. The meeting was held within the boundaries of the
Town and was open to the public.
DIRECTORS PRESENT:
James Hicks
Doyle Nicholson
Larry E. Crosser
Rebecca Shuman
DIRECTORS ABSENT:
Damian Olthoff
Bill Devlin
STAFF AND GUEST(S) PRESENT:
Roger Unger
Shannon DePrater
Phillip Sterling
Cyrus Holley
Dwight Morrow
Bob Radder
President
Vice -President
Director
Director
Secretary
Treasurer
ACM / Finance Director
Recording Clerk
Council Member/New EDC B Director
New EDC B Director
EDC A Director
Resident, 1 Lee Court
REGULAR SESSION
Economic Development Corporation 4B call to order.
President Hicks called EDC 4B to order, noting a quorum, at 7:02 p.m.
President Hicks announced and welcomed the two new members. Roger Unger discussed the
voting status of Council Member Sterling.
Project(s) updates/status and action items; funding requests.
Roger Unger updated the Board that we have begun the steps of a Public Hearing process to
expend the $30,000 for matching funds regarding the Marshall Creek Park grant for capital
improvements. This expenditure will go to the Council for authorization at their October 2, 2006
meeting.
Roger Unger passed out the Dallas Business Journal to the Board, showing the Town of Trophy
Club ad and thanked the Board for contributing.
Approval of financial statements.
Director Shuman made a motion to approve as written. Vice -President Nicholson seconded;
motion carried unanimously.
EDC 413
September 25, 2006 Regular Session
Page 2 of 2
Approval of meeting minutes.
August 14, 2006 Regular Session
August 28, 2006 Joint / Special Session
Director Shuman made a motion to approve the August 14, 2006 minutes as written. Vice -
President Nicholson seconded; motion carried unanimously.
Director Crosser made a motion to approve the August 28, 2006 minutes as written. Director
Shuman seconded; motion carried unanimously.
Other business.
Director Shuman asked that the strategic planning packet be given to the new members. It was
stated that this item will be on the next agenda.
Director Crosser posed the question to the Board of utilizing the excess funds in the coming
years. Discussion ensued.
Gas well revenue and pool operations were discussed by the Board.
Council Member Sterling explained the appointment of a Council Member to the EDC 4B Board
is to enhance the communication between the board and Council.
Adjourn.
Director Shuman made a motion to adjourn at 7:37 p.m. Director Nicholson seconded; motion
carried unanimously.
On A "
4,
Jim Wicks Damian Olthoff