Minutes EDC 4B 07/12/2010100 Muniipal Drive
Trophy Club Entities Trophy Club, cTxass 76262
Meeting Minutes
Economic Development Corporation 413
(EDC 413)
Monday, July 12, 2010 6:30 PM Svore Municipal Building Boardroom
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy Club,
Texas, met in Regular Session on July 12, 2010. The meeting was held within
the boundaries of the Town and was open to the public.
BOARD MEMBERS:
Present: 7 - President James Hicks, Director Dan Bishop, Director Zachary Jeffery, Vice
President Dave Glaser, Secretary/Treasurer Dean Murray, Director Nick
Sanders, and Director Rebecca Shuman
STAFF AND GUEST(S) PRESENT.-
Stephen
RESENT:Stephen Seidel, Assistant Town Manager
Shannon DePrater, Deputy Town SecretaryIRMO
Glenn Strother, EDC 48 Council Liaison
Carolyn Huggins, Planning & Zoning Manager
Bill Rose, Council Member
JD Stotts, Council Member
Steven Kohs, Resident
Call To Order and announce a quorum.
President Hicks, noting a quorum of EDC 4B, called the regular session to order at
6:36 p.m.
PUBLIC HEARING
1. 2010-309-T Public Hearing considering the expenditure of funds for the fiscal year 2010-2011 budget.
Attachments: PUBLIC HEARING NOTICE.odf
No citizens addressed the Board.
President Hicks closed public hearing at 6:37 p.m.
REGULAR SESSION
EDC 48 1 of 3 Meeting Date: July 12, 2010
Economic Development Corporation Meeting Minutes July 12, 2010
4B (EDC 413)
2. 2010-311-T Discuss and take appropriate action regarding FY2010-2011 Budget.
Attachments: 2010-201.1 Projected Budoet.odf
Acting Town Manager Stephen Seidel and the Board discussed the budget. Discussion
ensued regarding the title of the 26 Acre Design Charrette. President Hicks called for a
vote.
Director Shuman moved to approve the budget as written; Director Murray
seconded. The motion CARRIED by the following vote:
Aye: 7 - President Hicks, Director Bishop, Director Jeffery, Vice President Glaser,
SecretarytTreasurer Murray, Director Sanders, and Director Shuman
3. 2010.346-T Discuss and take appropriate action regarding the 2010 ICSC Conference.
Acting Town Manager Seidel shared that ICSC has billed the Board for the space. Staff
will work with the Gaylord regarding equipment needs. Seidel will also be working with
Catalyst and Director Murray to prepare items for this Conference.
Director Shuman asked for a time table/to-do list working back from the Conference Date
to current date.
No action taken.
4. 2010-347-T Receive Council update from Mayor Pro Tem Strother; discussion of same.
Mayor Pro Tem Strother updated the Board on the Town Council's budget process and
addressed the Board's questions.
Consensus of the Board was to present findings of the Branding Initiative to the Council
during next Fiscal Year.
No action taken.
5. 2010-348-T Receive Commercial Property update including current projects; discussion of same.
- Coupon Book Project
- 26 Acre Tract
- Regency Center
-Trophy Wood
Seidel updated the board regarding current commercial projects and addressed
questions from the Board.
Seidel mentioned that he was able to gain partnership with the Trophy Club Country Club
and expressed appreciation to Director Murray for his help with the project.
Director Murray suggested adding a Calendar of Events and Contact Information to either
the front or back cover of the coupon book.
Seidel suggested using a free entry to Trophy Club Park and have EDC 4B reimburse the
Town.
Steven Kohs, 18 Overhill Drive addressed the Board regarding businesses in Regency
Center and requested an agenda item to be placed on next month's agenda.
No action taken.
EDC 4B 2 of 3 Meeting Date: July 12, 2010
Economic Development Corporation Meeting Minutes July 12, 2010
4B (EDC 413)
6. 2010-349-T Discuss and take appropriate action regarding the approval of the June 14, 2010 Regular
Session Minutes.
Attachments: June 14 2010 Minutes.odf
Director Sanders moved to approve the June 14, 2010 Regular Session Minutes as
presented; Director Shuman seconded. The motion CARRIED by the following
vote:
Aye: 7 - President Hicks, Director Bishop, Director Jeffery, Vice President Glaser,
Secretary/Treasurer Murray, Director Sanders, and Director Shuman
7. 2010-350-T Discuss and take appropriate action regarding the approval of the May 2010 Financials.
Attachments: May 2010 Monthly Financial Statements.odf
Seidel shared that sales tax has continued to increase and the Town should meet
revenue expectations.
Director Sanders moved to approve the May 2010 Financials as presented; Director
Shuman seconded. The motion CARRIED by the following vote:
Aye: 7 - President Hicks, Director Bishop, Director Jeffery, Vice President Glaser,
Secretary/Treasurer Murray, Director Sanders, and Director Shuman
8. 2010.351-T Future Agenda Items.
Attachments: EDC 4B Future Agenda Items.odf
Nothing added.
No action taken.
9. 2010-352-T Next Meeting Date - August 9, 2010 at 6:30 p.m.
Adjourn
President Hicks announced the next Regular Session meeting is scheduled for August 9,
2010 at 6:30 p.m.
No action taken.
Director Murray motioned to adjourn; Director Bishop seconded. The motion
CARRIED by the following vote:
Aye: 7 - President Hicks, Director Bishop, Director Jeffery, Vice President Glaser,
Secretary/Treasurer Murray, Director Sanders, and Director Shuman
Meeti g adjourned at 7:56 p.m.
JarrZa ks, President
Dean Murray, Treasurer/Secretary
EDC 413 3 of 3 Meeting Dale: July 12, 2010