Minutes EDC 4B 06/14/2010rr Trophy Club Entities
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Meeting Minutes
Economic Development Corporation
4B (EDC 4B)
Monday, June 14, 2010
100 Municipal Drive
Trophy Club, Texas 76262
6:30 PM Svore Municipal Building Boardroom
BOARD MEMBERS:
Present: 6 - President James Hicks, Director Dan Bishop, Director Zachary Jeffery,
Secretary/Treasurer Dean Murray, Director Nick Sanders, and Director
Rebecca Shuman
Absent: 1 - Vice President Dave Glaser
STAFFAND GUEST(S) PRESENT.
Stephen Seidel, Assistant Town Manager
Shannon De Prater, Deputy Town Secretary /RMO
Carolyn Huggins, Community Development Director
Call To Order and announce a quorum.
President Hicks, noting a quorum of EDC 4B, called the regular session to
order at 6:42 p.m.
PUBLIC HEARING
1. 2010-309-T Public Hearing considering the expenditure of funds for the fiscal year 2010-2011 budget.
Attachmeets: PUBLIC HEARING NOTICE.odf
No citizens addressed the Board.
President Hicks continued the public hearing to the July 12, 2009 meeting.
REGULAR SESSION
2. 2010-311-T Discuss and take appropriate action regarding FV2010-2011 Budget.
Attachments: 2010-2011 Projected Budeetndf
Seidel and the Board discussed the budget. This item will be brought forward at the
next meeting. Seidel and the Board discussed the budget. This item will be brought
forward at the next meeting.
EDC 4B 1 of 3 Meeting Date: June 14, 2010
Economic Development Meeting Minutes June 14, 2010
Corporation 4B (EDC 4B)
This Item will be brought forward at the next meeting.
3. 2010.313•T Discuss and take appropriate action regarding the 2010 ICSC Conference.
Seidel updated the Board as to Staff reserving a booth space for the 2010 Texas
ICSC Deal Making conference. Staff will work with the Gaylord Texan for furniture
and equipment.
Discussion only - No action taken
4. 2010-314-T Receive Council update from Mayor Pro Tem Strother: discussion of same.
No report given, Mayor Pro Tem Strother was not in attendance.
Discussion only • No action taken
5. 2010-315-T Receive Commemial Property update including current projects; discussion of same.
-Coupon Book Project
- 26 Acre Tract
- Regency Center
Director Murray updated the Board regarding the Coupon Book Project. Seidel
updated the board regarding current commercial projects and addressed questions
from the Board.
Discussion only - No action taken
6. 2010-316-T Discuss and take appropriate action regarding the approval of the May 10, 2010 Regular
Session Minutes,
Attachments: May 10 2010 Minutes poll
Director Sanders moved to approve the May 10, 2010 Regular Session Minutes
as presented; Director Shuman seconded. The motion CARRIED by the
following vote:
Aye: 6- President Hicks, Director Bishop, Director Jeffery, Secretary/Treasurer
Murray, Director Sanders, and Director Shuman
7. 2010317.T Discuss and take appropriate action regarding the approval of the April 2010 Financials.
Attachments: April 2009 Monthly Financial Report -EDC 46. Pat
April 2009 Monthly Financial Report Explanation of Variances 4B.odf
Director Shuman complimented the Board and Staff for their professionalism
regarding the budget.
Director Shuman moved to approve the March 2010 Financials as presented;
Director Bishop seconded. The motion CARRIED by the following vote:
Aye: 6. President Hicks, Director Bishop, Director Jeffery, Secretaryrrreasurer
Murray, Director Sanders, and Director Shuman
8. 2010318-T Future Agenda Items,
Attachments: EDC 413 Future Agenda Items.pdf
Possible coordination with Byron Nelson High School regarding Homecoming
decorations
Partnering with area associations regarding EDC 4B projects
EDC 4B 2 of 3 Meeting Date: June 14, 2010
Economic Development Meeting Minutes June 14, 2010
Corporation 4B (EDC 4B)
Discussion only - No action taken
2010-319-T Next Meeting Date - July 12, 2010 at 6:30 p.m.
Adjourn
President Hicks announced the nest Regular Session meeting is scheduled for July
12, 2010 at 6:30 p.m.
Discussion only - No action taken
Director Bishop moved to adjourn at 7:47 p.m.; Director Jeffery seconded. The
motion CARRIED by the following vote:
Aye: 6- President Hicks, Director Bishop, Director Jeffery, Secretary/Treasurer
Murray, Director Sanders, and Director Shuman
James icks, President
Dean Murrey, Treasurer/Secretary
EDC 49 3 of 3 Meeting Date: June 14, 2010