Minutes EDC 4B 03/11/2013MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, March 11, 2013
7:00 PM
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 413 of the Town of Trophy Club, Texas, met in Regular
Session on March 11, 2013. The meeting was held within the boundaries of the Town and was
open to the public.
EDC 413 DIRECTORS PRESENT;
James Hicks
President
Rebecca Shuman
Vice President (arrived at 7:27 p.m
Sean Weaver
Director
Larry Mundy
Director
Dave Brod
Director
STAFF AND GUEST(S) PRESENT:
Stephen Seidel Assistant Town Manager
April Reiling Public Information Officer/Marketing Manager
Glenn Strother Council Member
Call to order and announce a quorum.
President Hicks, noting a quorum of EDC 4B, called the regular session to order at 7.06 p.m.
REGULAR SESSION
Discuss and take appropriate action regarding approving a contract with
Catalyst Commercial.
Assistant Town Manager Stephen Seidel provided an overview of the recent discussions
regarding the Catalyst Commercial Contract, merchandising update and compensation.
Assistant Town Manager Seidel informed the board that the audio from the last meeting is
unclear regarding the performance based fees and staff is looking for a confirmed direction from
the board. The contract was reviewed again and directors asked Assistant Town Manager
Seidel clarifying questions.
Director Dave Brod made a motion to approve the professional services agreement for retail
recruitment from Catalyst Commercial with the attached outlined edits made to Section 2. Fees
— second paragraph, by Director Larry Mundy. The change in the second paragraph is as
follows; "Additionally, EDC -413 agrees to pay Consultant a one-time fee ("Performance Fee") of
10% of an implied yearly sales tax for retailers identified by Consultant and committing to locate
in the Town of Trophy Club during the Term." The motion with changes was seconded by
Director Larry Mundy. The motion passed unanimously.
2. Update regarding the Alliance Development Forum (ADF) event.
Assistant Town Manager Seidel provided an update regarding the Alliance Development Forum
event coming up on April 5, 2013 from 11.00 a.m. to 1:00 p.m. The invitations have been sent
out and thus far response has been positive and RSVP's are coming in steadily.
3. Update regarding Town website and logo.
Public Information Officer April Reiling and Assistant Town Manager Seidel provided an update
regarding the website and logo. The board received a sneak peak of the website and indicated
that they want an action item regarding the logo on next month's agenda.
4. Update regarding the 2013 Texas ICSC Conference.
Assistant Town Manager Seidel provided an LSCS Conference update and indicated that
planning for another six -city, Northwest Metroport Corridor (Trophy Club, Westlake, Roanoke,
Haslet, Justin & Northlake) booth is currently underway.
5. Discuss and take appropriate action regarding the January 14, 2013
M i n utes.
Director Rebecca Shuman moved to approve the January 14, 2013 Minutes. Director Sean
Weaver seconded. The motion passed unanimously.
6. Discuss and take appropriate action regarding the 'December 2012 and
January 2013 Financials.
Assistant Town Manager Seidel explained the financials and answered questions from the
Board. Director Rebecca Shuman moved to approve the October 2012 and November 2012
financials. Director Dave Brod seconded. The motion passed unanimously.
7. Assistant Town Manager Update:
- Shops at Trophy Club
- Trophy Wood
- Village Center
- The Plaza
- The Commons
Assistant Town Manager Seidel provided the Board updates and answered questions related to
economic development activities at various locations.
8. Next meeting scheduled for April 15, 2013.
Adjourn
Director Larry Mundy moved to adjourn at 8:58 p.m. Director Dave Brod seconded. The motion
passed unanimously.
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