Minutes EDC 4B 10/12/2009MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, October 12, 2009
6.30 PM
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in Regular
Session on October 12, 2009. The meeting was held within the boundaries of the Town and was
open to the public.
EDC 413 DIRECTORS PRESENT;
James Hicks
President
Dave Glaser
Vice President left at 7:50 p.m.
Dan Bishop
Director
Dean Murray
Director
Nick Sanders
Director
Rebecca Shuman
Director
Glenn Strother
EDC 4B Council Liaison
EDC 4B DIRECTORS ABSENT:
Zachary Jeffery Director
STAFF AND GUEST(S) PRESENT:
Stephen Seidel Assistant Town Manager
Shannon DePrater Deputy Town Secretary 1 RMO
Jason Claunch Catalyst Commercial
Call to order and announce a quorum.
President Hicks, noting a quorum of EDC 4B, called the regular session to order at 635 p.m.
President Hicks welcomed Nick Sanders and Dean Murray to the Board.
REGULAR SESSION
1. Update presentation from Jason Claunch from Catalyst Commercial.
Jason Claunch addressed the Board and gave an update on the samplings collected. Catalyst
Commercial has reviewed all retail for the surrounding cities and is now able to better analyze
who would be the optimum retailers for the Town. Claunch mentioned there are 454 possible
prospects for the Regency Center and 485 possible prospects for the Larry Stewart Tract.
Stephen Seidel gave a brief project update for the new directors.
Discussion ensued regarding the inclusion of updated demographics.
President Nicks moved agenda item #3 forwvard:
3. Update from Director Glaser regarding activities and plans for Trophy Club Park.
Director Glaser gave an update on Trophy Club Park projects. The Parks & Recreation Board is
working on creating a new concept plan for Trophy Club Park to take to the Corps of Engineers.
Glaser asked the Board to be aware of the Parks & Recreation Board projects. Glaser asked if
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October 12, 2009 Regular Session
the Board wanted to include any of these projects in the material for ISCS. Seidel said that the
information could be included on the thumb drive that will be handed out at the Conference.
2. Commercial Property Update:
a. Trophy Club Commons
b. Village Center
c. 26 -Acre Tract
d. Trophy Wood Business Center
Seidel updated the Board on the Commercial Property within the Town of Trophy Club and
answered questions from the Board.
4. Take appropriate action on the nomination and appointment of the following
Officer positions:
a. President
b. Vice -President
c. Treasurer
d. Secretary
Director Sanders nominated Director Hicks as President. Director Shuman called for the vote;
nomination carried unanimously.
Director Shuman nominated Director Glaser as Vice -President; nomination carried unanimously.
Director Shuman asked to combine Treasurer and Secretary.
Director Sanders nominated Director Murray as Treasurer; nomination carried unanimously.
Director Shuman nominated Director Murray as Secretary; nomination carried unanimously.
5. Discuss Director attendance at the November ICSC Convention.
President Hicks and Director Sanders will be attending. Director Murray will check his schedule;
if he cannot attend, Council member Strother will attend.
6. Discuss and take appropriate action regarding the attendance of 2009 Economic
Development Sales Tax Seminars.
President Hicks would like to have Director Jeffery attend. Director Shuman would like to attend
a refresher course. Director Murray will check his schedule.
This agenda item will be brought back at the January 2010 meeting.
7. Discuss and take appropriate action regarding EDC 4B Existing Business
Stimulus Project.
Stephen Seidel updated the Board on Staffs progress of initializing this project. Seidel also
updated the new Board members on this project.
Director Murray will work with Staff on the coupon project.
8. Discuss and take appropriate action to approve the September 14, 2009 Regular
Session Minutes.
Director Shuman moved to approve the September 14, 2009 Regular Session Minutes as
presented. Director Bishop seconded; motion carried unanimously.
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October 12, 2009 Regular Session
9. Discuss and take appropriate action to approve monthly Financials:
a. July 2009
b. August 2009
c. September 2009
Director Sanders moved to approve the Financials as presented. Director Shuman seconded;
motion carried unanimously.
Director Sanders asked for a yearly/monthly comparison report.
10. Future Agenda Items.
Director Sanders asked that a discussion and recommendation to council item be added
regarding an amendment to the PD that includes the Village. Director Sanders would like to
include drive-thru restaurants and asked the Board to request an amendment be made so that
drive-thru restaurants could be approved with specific regulations. Seidel mentioned that an
amendment is already being discussed.
Director Sanders asked for details on TxDOT signage and costs be added.
Director Shuman asked about inviting Council or having a "President's Council" to meet with
Ron Holifield so the Board/Commission Presidents/Chairs can get to know each other and also
to discussion current projects of each board.
Director Shuman would like to discuss branding again including the Clock Tower and
maintenance there of.
Director Shuman requested an update from Council Liaison Strother on the Council's Master
Plan.
Adjourn
Director Sanders moved to adjourn at 9:12 p.m. Director Shuman seconded; motion carried.
James Oicks, President
EDC4B
October 12, 2009 Regular Session
Dean Murray, Treasurer/Secretary
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