Minutes EDC 4B 11/08/2010MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, November 8, 2010
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 November 8, 2010. The meeting was held within the boundaries of
the Town and was open to the public.
EDC 4B DIRECTORS PRESENT:
James Hicks
President
Dave Glaser
Vice President
Dean Murray
Secretary/Treasurer
Nicole Fontayne
Director
Nick Sanders
Director
Rebecca Shuman
Director arrived at 6:47 p.m.
EDC 4B DIRECTORS ABSENT:
Sean Weaver Director
STAFF AND GUEST(S) PRESENT:
Mike Slye
Town Manager
Stephen Seidel
Assistant Town Manager
Shannon DePrater
Interim Town Secretary
Carolyn Huggins
Community Development Director
Glenn Strother
Council Member arrived at 7.•30 p.m.
Bill Rose
Council Member
Marg! Cantrell
Council Member left at 725 p.m.
JD Stotts
Council Member
Call to order and announce a quorum.
President Hicks, noting a quorum, called the regular session to order at 6:36 p.m.
REGULAR SESSION
1. Assistant Town Manager Stephen Seidel to introduce Town Manager Mike Slye.
Assistant Town Manager Seidel introduced Town Manager Slye to the EDC 4B Board.
Seidel expressed he is looking forward to working with Town Manager Slye.
President Hicks welcomed Town Manager Slye.
Each Director introduced themselves and provided a little background.
2. Receive Commercial Property update including current projects; discussion of
same.
26 Acre Tract
- Regency Center
Assistant Town Manager Seidel updated the Board on the 26 Acre Tract and Regency
Center.
Seidel shared that the Town and Beck's attorney are still having discussions, but not as
frequently due to disagreement regarding the proposed PD document. Seidel has
suggested that the project be placed on -hold until there is a willingness to compromise
on several important issues.
The Regency Center has two new tenants, due to the Catalyst Report; a few possible
tenants have also looked into the Regency Center.
Seidel is still in contact with Trophy Wood and has a few prospects.
3. Discuss and take appropriate action regarding an update on the Coupon Book
Project.
Director Murray shared that he met with Parks & Recreation Director Adam Adams and
Adams has agreed to place two coupons into the book; one for free admission up to
four individuals to the Splash Park and the other coupon would probably be a few
dollars off a season pass.
Murray shared he is waiting for a couple more coupon approvals and a few more
pictures are still needed. He also suggested that the Board only print 5000 books now
and see if any coupons need to be revised before printing the remaining books.
President Hicks and Assistant Town Manager Seidel both expressed their appreciation
to Director Murray for his due diligence with this project.
4. Discuss and take appropriate action regarding the 2010 ICSC Conference.
Assistant Town Manager Seidel reminded the Board of the Conference dates and
shared that the information has been finalized and printing has begun.
Director Murray passed around a markup of the new banner for the conference.
Seidel announced that the Board is ready to attend the Conference and thanked all the
Directors for taking the time to help attend the booth.
5. Future Agenda Items.
Director Shuman would like to discuss our Bond payment and see the possibility of
giving the bond payment back. Shuman also requested Item # 10 be added to the
December agenda and to include the other developers to Item # 11 and keep on the list
as a reminder.
Director Shuman thanked Shannon DePrater for her help getting the conference items
organized and for keeping the Board organized. She also expressed her thoughts that
the Board needs to be more focused on its projects and help Staff.
Director Fontayne asked about the Beck Property Signage along State Highway 114
and would like Strategic Planning be brought forward and have Town Manager Slye
come back and address the Board.
Director Glaser requested that an ICSC Conference Recap be added to the December
meeting agenda.
Council member Strother questioned if the Board could and would be willing to apply for
a variance to PD -21 to allow restaurants to stay open until 2:00 a.m.
Director Sanders suggested adding a "PD101" to a future agenda item. Seidel stated
that he would include on the December agenda.
G. Next Meeting Date - December 13, 2010 at 6:30 p.m.
President Hicks announced the date of December 13, 2010.
Adjourn
Director Murray motioned to adjourn at 7:42 p.m.; Director Shuman seconded. Motion
carried unanimously.
L
s Hicks, President Dean Murray, Treasurer/Secretary