Minutes EDC 4B 05/12/2014MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, May 12, 2014
7:00 p.m.
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development
Corporation 4B of the Town of Trophy Club, Texas, met in Regular
Session on May 12, 2014.
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
Dean Murray
Treasurer/Secretary
Greg Wilson
Director
Sean Weaver
Director Arrived at 7:10p.m.
STAFF AND GUEST(S) PRESENT:
Stephen Seidel
Assistant Town Manager
April Reiling
Public Information Officer
Alora Wachholz
Economic Development & Marketing Coordinator
Tiffany Stamness
Branch Manager for Trophy Club DATCU
Yousef Ismail
Assistant Branch Manager for Trophy Club DATCU
Call to order and announce a quorum at 7:04 p.m
CITIZEN PRESENTATIONS
REGULAR SESSION
1. Discuss and take appropriate action regarding the March 2014 Financials.
The Board acknowledged and praised the new financial report format. President Hicks
requested that future reports define specific expenditures for better clarification. Director
Shuman requested input from Assistant Town Manager Stephen Seidel as to the value added
through the partially -funded position of Economic Development & Marketing Coordinator to the
economic development initiatives in Trophy Club. Seidel spoke about the various projects and
initiatives undertaken by the Economic Development & Marketing Coordinator position and the
Board agreed that this was a position that they were in support of continuing to fund. Director
Shuman made a motion to approve the Financials as presented and Director Wilson seconded.
The motion passed unanimously.
2. Discuss and take appropriate action regarding the April 14, 2014 Minutes.
President Hicks requested that the title of Director Dean Murray be changed in the "EDC 4B
Directors Present' section of the Minutes from, "Director" to "Treasurer/Secretary." Director
Shuman made a motion to approve the April 14, 2014 Minutes with the correction and Director
Murray seconded. The motion passed unanimously.
3. Recognition of current Business Spotlight partner.
EDC 4B Board Page 7 of 20 Monday, June 9, 2014
Assistant Town Manager Stephen Seidel and Economic Development & Marketing Coordinator
Alora Wachholz provided a brief summary of the Business Spotlight process and introduced
representatives from the May 2014 featured business partner, DATCU. Branch Manager Tiffany
Stamness and Assistant Branch Manager Yousef Ismail were in attendance and gave a brief
overview of the services DATCU provides to the community and then responded to questions by
the Board.
4. Discuss and take appropriate action regarding the upcoming Focus on Business
event.
Assistant Town Manager Seidel gave an overview of the schedule for the May 14, 2014 Focus
on Business event and then requested that the Board begin to look ahead to determine what
they would like these events to become. Seidel posed an idea to begin bringing in speakers to
these events in an effort to help assist and educate local business owners and managers in
topics that are meaningful to them and President Jim Hicks said he might be able to assist with
this initiative. Director Murray recommended that future events and event speakers be tailored
to the attendance rate of the event. Director Weaver recommended that future event dates be
set on days that are best suited for attendees and based on a general poll.
5. Discuss FYI budget initiatives and projects.
Assistant Town Manager Seidel asked the Board to begin consideration of the events and
initiatives that they wish to fund and/or pursue in fiscal year 2015, as the budget process is now
underway and Board input is beneficial to determining budget items.
6. Assistant Town Manager Update:
- Trophy Wood
- Trophy Club Town Center
- The Plaza
- Village Centre
- The Village
- Shop Local Programs
- Blue Highway Signs
- Business Spotlight
Assistant Town Manager Stephen Seidel and Economic Development & Marketing Coordinator
Alora Wachholz provided updates and answered questions related to the topics above.
*THE BOARD MAY CONVENE INTO EXECUTIVE SESSION TO DISCUSS POSTED ITEMS
AS ALLOWED BY THE TEXAS OPEN MEETINGS ACT, TEXAS LOCAL GOVERNMENT
CODE 551.071.
Adjourn
Director Murray made a motion to adjourn at 8:12 p.m. and Director Shuman seconded. The
motion passed unanimously.
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Jame Hicks, President
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Dea rray, Treasurer/Secretary
EDC 4B Board Page 8 of 20 Monday, June 9, 2014