Minutes EDC 4B 06/11/2012MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, June 11, 2012
6:30 PM
STATE OF TEXAS§
COUNTY OF DENTON§
The Economic Development Corporation 46 of the Town of Trophy Club, Texas, met in Regular
Session on June 11, 2012. The meeting was held within the boundaries of the Town and was open to
the public.
EDC 413 DIRECTORS PRESENT:
Rebecca Shuman, Vice President
Dean Murray, Secretary/Treasurer
Larry Mundy, Director
Randall Conn, Director
STAFF AND GUEST(S) PRESENT:
Stephen Seidel, Assistant Town Manager
Bill Rose, Council Member
Call to order and announce a quorum.
Vice President Shuman, noting a quorum, called the regular session to order at 6:55 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 and discussion regarding the website and logo.
Assistant Town Manager Seidel provided the Board with an update regarding the website progress.
Staff is currently mapping the website design with each department and working on the content. The
logo discussion and selection will be made later this fall after the conclusion of the Vision Trophy Club
committee and website completion.
2. Budget overview and discussion.
Assistant Town Manager Seidel provided the Board a preliminary budget for review and comment. The
most significant change from previous years is the staff reimbursement. The Board discussed
contributing more to the Town for staff reimbursement due to more staff time being specifically devoted
to economic development initiatives, which will likely continue to increase. The budget public hearings
will be held in July and August, with an August budget adoption.
3. Magazine update.
Assistant Town Manager Seidel updated the Board on the magazine progress and printing deadline.
The magazine should be completed and to the printer no later than the end of June for a July
distribution.
4. Discuss and take appropriate action regarding the approval of the March 12, 2012 Regular Session
meeting Minutes.
Director Murray made a motion to accept the Minutes as presented. The motion was seconded by
Director Mundy. Motion passed unanimously.
5. Discuss and take appropriate action regarding the approval of the April 9, 2012 Joint Town
Council/EDC-4B meeting Minutes.
Director Murray made a motion to accept the Minutes as presented. The motion was seconded by
Director Mundy. Motion passed unanimously.
6. Discuss and take appropriate action regarding the approval of the following Monthly Financials:
- March 2012
- April 2012
Director Conn made a motion to accept both sets of Financials as presented. The motion was
seconded by Director Mundy. Motion passed unanimously.
Assistant Town Manager Update:
- The Shops at Trophy Club
- Plaza
- Village
- Trophy Wood
- Commons
Assistant Town Manager Seidel updated the Board on the various commercial properties and
associated projects.
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Director Mundy motioned to adjourn. Director Conn seconded. Motion to adjourn carried unanimously.
Meeting adjourned at 8:25 p.m.
1
J m icks, President
Dean Murray, Treasurer/Secretary