Minutes EDC 4B 02/13/2012MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, February 13, 2012
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 February 13, 2012. The meeting was held within the boundaries of the Town and was open
to the public.
EDC 4B DIRECTORS PRESENT:
James Hicks, President
Rebecca Shuman, Vice President
Sean Weaver, Director
Larry Mundy, Director
STAFF AND GUEST(S) PRESENT:
Stephen Seidel, Assistant Town Manager
April Reiling, PIO/Marketing Manager
Larry Hoover, Council Member/Mayor Pro Tem
Bill Rose, Council Member
Call to order and announce a quorum.
President Hicks, noting a quorum, called the regular session to order at 6:35 p.m.
Citizen Presentations
Citizens are allowed three (3) minutes to address the Board regarding an item over which the Board
has policy or oversight authority as provided by Texas law, the ethics order, or other policy order.
REGULAR SESSION
1. Update on CFAB recommendation to Council regarding 1 % sales tax allocation.
Assistant Town Manager Stephen Seidel provided an overview regarding the CFAB
recommendation. Assistant Town Manager Seidel advised that the CFAB committee did not reach a
recommendation but he will keep the board updated on future action.
2. Update and discussion regarding Logo\Website.
Assistant Town Manager Seidel updated the board regarding the logo and website progress.
Assistant Town Manager Seidel advised that he anticipates holding a joint EDC 4B/Council meeting
in March.
3. Update and discussion regarding Developer Luncheon.
Assistant Town Manager Seidel provided an update regarding the six -city Developer Luncheon.
Date set for April 13, which includes a feature speaker, panel of speakers and a moderator.
Additionally, the Developer's Luncheon committee is working to create a video and website for the
project in order to maintain momentum from the event.
4. Discuss and take appropriate action regarding the approval of the January 5, 2012 Regular Session
meeting minutes.
Director Rebecca Shuman felt the personal statement made by Director Fontayne was inconsistent
with the EDC 4B board minutes. Director Shuman made a motion to keep the spelling correction but
remove the personal statement made by Director Fontayne. The motion was seconded by Director
Weaver. In discussion Director Weaver also corrected a spelling error on page three, as well. Board
approved unanimously.
5. Discuss and take appropriate action regarding the approval of the December 2011 Monthly
Financials.
Assistant Town Manager Seidel updated the board regarding the financials. Director Shuman made
a motion to approve the financials as presented. Director Larry Mundy seconded the motion. The
motion carried unanimously.
6. Assistant Town Manager Update:
- PD -30
- Regency
- Trophy Wood
- Commons
Assistant Town Manager Seidel provided an overview regarding each commercial property listed
above.
7. Future Agenda Items.
EDC 4B Directors went through the Future Agenda Items list and removed several items (Item 1, 3,
5 & 9), modified a couple and added a few items to the list.
Director Weaver — What can this board do to help the PD -30 project become a successful
development?
Director Shuman — Paralleling TC Strategy Map (add to #7)
Director Shuman - #10 change to "events that bring an economic development impact" and remove
Wounded Warrior
Director Shuman — Develop a composite list of activities and opportunities.
8. Next meeting date: March 12, 2012.
Director Shuman adjourned and Director Weaver seconded. Motion to adjourn carried unanimously.
Meeting adjourned at 8:37 p.m.
n
Ja`�ne Hicks, President Dean M ay, Treasurer%Secretary