Minutes EDC 4B 09/16/2013MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, September 16, 2013
7:00 PM
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The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in Regular
Session on September 16, 2013. 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 — arrived at 7:20 p.m.
Dean Murray Secretary/Treasurer
Dave Brod Director
Sean Weaver Director
Randall Conn Director
STAFF AND GUEST(S) PRESENT:
Stephen Seidel Assistant Town Manager
April Reiling PIO/Marketing Manager
Call to order and announce a quorum.
President Hicks, noting a quorum of EDC 4B, called the regular session to order at 7:05 p.m.
Discuss and take appropriate action regarding the EDC 4B FY14 Budget.
Assistant Town Manager Stephen Seidel provided an overview of the FY14 budget, including
how the TIRZ #1 and TIRZ # 2 will impact this budget, and next year's budget. The Board
discussed the new ED/Marketing person's responsibilities and scope.
Motion by Director Dave Brod to approve the EDC 4B FY14 budget with amendment regarding
website fees. Seconded by Director Dean Murray. Motion passed 5-1, with Director Sean
Weaver voting against.
2. Discuss and take appropriate action regarding the appointment of one (1) EDC 4B
Director to the Trophy Club TIRZ No. I Board, providing for a subsequent
recommendation to the Town Council.
Motion by Director Murray to nominate Director Brod for the EDC 4B seat on the TIRZ No. 1
Board. Seconded by Director Weaver. Motion passed unanimously.
3. Discuss and take appropriate action regarding Financials dated July 2013 and
August 2013.
Assistant Town Manager Seidel reported an uptick in sales tax revenue last month. The largest
expenditure in July was for SH 114 bridge painting and in August the largest expense was for
the creation of the TIRZ No. 1.
Motion by Director Murray to accept July 2013 and August 2013 Financials as presented.
Seconded by Director Randall Conn. Motion passed unanimously.
4. Discuss and take appropriate action regarding the Minutes dated July 29, 2013
and August 12, 2013.
Motion by Director Rebecca Shuman to accept the July 29, 2013 and August 12, 2013 Minutes
as presented. Motion seconded by Director Weaver. Motion passed unanimously.
5. Discuss and take appropriate action regarding Strategic Planning.
No action taken. Board tabled item to a later meeting date.
6. Assistant Town Manager Update:
- Trophy Club Town Center
- The Plaza
- Trophy Wood
- ICSC
- ADF
- Local Business Meet and Greet
Assistant Town Manager Seidel provided the Board updates and answered questions related to
economic development activities at various locations.
EXECUTIVE SESSION
7. Pursuant to Texas Government Code, Annotated, Subchapter 551, EDC 413 will
convene into closed executive session as authorized by:
Section 551.087 Deliberation Regarding Economic Development Negotiations to
discuss or deliberate the offer of financial or other incentives to a business
prospect that the Town seeks to have locate within the territory of the Town.
The EDC 4B Board convened into Executive Session at 8:08 p.m.
RECONVENE INTO REGULAR SESSION
8. Consider and take appropriate action regarding Executive Session.
The EDC 4B Board reconvened in Regular Session at 9:36 p.m.
Motion made by Director Shuman to authorize the Board President, Town Manager and
Assistant Town Manager to pursue an incentive package as discussed in Executive Session.
Motion seconded by Director Brod. Motion passed unanimously.
Adjourn
Director Brod moved to adjourn at 9:38 p.m. Director Weaver seconded. The motion passed
unanimously.
Ja s Hicks, President Dean Murray, TreasurerlSecretary