Minutes EDC 4B 03/12/2007MINUTES OF REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
March 12, 2007
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 Regular Session on March 12, 2007. The meeting was held within the boundaries of
the Town and was open to the public.
DIRECTORS PRESENT:
James Hicks
President
Doyle Nicholson
Vice -President
Damian Olthoff
Secretary
Larry E. Crosser
Director
Cy Holley
Director
Rebecca Shuman
Director
Philip Sterling
Council Liaison
DIRECTORS ABSENT:
Glenn Strother Director
STAFF AND GUEST(S) PRESENT:
Beth Ann Gregory Community Development Director
Shannon DePrater Recording Secretary
REGULAR SESSION
Call to order and announce a quorum.
President Hicks, noting a quorum, called the workshop to order at 6:38 p.m.
Open Public Hearing
President Hicks opened the public hearing at 6:40 p.m.
No citizen input.
Close Public Hearing
President Hicks closed the public hearing at 6:40 p.m.
Discuss Buxton Group proposal and the implementation plan.
a. Final presentation to the Town Council on Monday March 19
b. Address delegation of EDCB responsibilities for the implementation plan
Beth Ann Gregory stated that the implementation plan will go before the Town Council
on March 5th, 2007.
EDC B
March 12, 2007 Regular Session
Page 2 of 3
Beth Ann Gregory recapped the events of the last Town Council meeting, where it was
said that the Council wanted to know which EDC 4B Director would be doing which
phase of the implementation plan.
President Hicks shared that the Council wants to make sure that the Board is fully
committed to this project.
Discussion ensued as to who would be doing what. The Board decided to collectively
propose as a designee for each item with the understanding that all members will be
doing what needs to be done. President Hicks will be the point person for this project.
He will then make sure to get involvement from each Board Director as to which phase
of the implementation plan they would like to work on.
President Hicks asked the Board to review the implementation plan and at the next
meeting, the Board will list each Director to individual items.
The Board asked Director Olthoff to review the contract with Town Attorney, Patricia
Adams with regard to questions and/or comments.
Discuss the formation of a sub -committee to develop an online retail survey for
the residents of Trophy Club.
The Board discussed what the survey's purpose will be and began discussing what
questions may be included.
Director Shuman will create an article to be placed on the Town's website to educate
the residents about the purpose of the survey,
The consensus of the Board is to have Director Crosser, Director Nicholson and Beth
Ann Gregory work with Dave Glaser to create the survey,
Discuss requesting the participation of Municipal Utility District 1 & 2 with the
Town in property tax abatements.
President Hicks stated that he went to the March 8, 2007 Master District meeting and
spoke to the Board. The Master District agreed to place tax abatements on the next
MUD 1 and MUD 2 Board meeting agendas to discuss their possible participation in
property tax abatements.
President Hicks mentioned that he would like each EDC 4B Board Member to go to their
respective MUD meeting.
Director Holley asked Beth Ann Gregory to send a bulleted script to all members with
the main points to make sure they get made at the MUD meetings.
Discuss and take appropriate action regarding possible amendments to the
2006/07 fiscal year economic development budget to provide financial support for
our economic development initiatives and the scheduling of the required public
hearings.
EDC B
March 12, 2007 Regular Session
Page 3 of 3
Beth Ann Gregory explained that the information that will be going in front of the Town
Council at their March 19, 2007 meeting and asked for the Board's insights.
The Board asked that the asterisk (*) adjacent to pool operations be removed, but
otherwise no changes were requested. The Board gave consensus to forward the
changes as presented.
Staff Updates:
a. Regency Center
b. Trophy Wood Center
c. Aerial Marketing Maps
Beth Ann Gregory updated the Board; Regency has agreed to power wash the
walkways and re -stripe the parking lot of the Plaza Center. In addition, two 15 -minute
parking spaces will be designated in front of the Cleaners and Donut shop to aid in
parking congestion.
The Value Place has begun construction and is scheduled to open fall 2007.
Beth Ann Gregory showed several aerial marketing maps including Northlake's and
discussed how if funding were approved in the budget amendment that these would be
a valuable tool to market Trophy Club to developers.
Approval of Meeting Minutes:
a. February 12, 2007
Director Olthoff asked that the word objection be changed to objective under the
Implementation Plan section of the minutes.
Director Olthoff moved to approve the minutes as amended. Director Holley seconded;
motion carried unanimously.
Approval of Financials
a. January 2007
Director Shuman moved to approve the January 2007 financials. Director Crosser
seconded; motion carried unanimously.
Other business.
a. Next meeting scheduled for April 9, 2007 at 6:30 p.m.
No discussion.
Adjourn regular session.
Director Shuman made a motion to adjourn at 8:10 p.m. Director Olthoff seconded;
motion carried unanimously.
F
Jim Hicks Damian Olthoff