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Minutes EDC 4B 09/08/2014MINUTES OF REGULAR SESSION FOR THE ECONOMIC DEVELOPMENT CORPORATION 413 BOARD LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS Monday, September 8, 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 September 8, 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 Arrived at 7:10 p.m. Dean Murray Treasurer/Secretary Arrived at 7:29 p.m. Greg Wilson Director Sean Weaver Director Randall Conn Director EDC 413 DIRECTORS ABSENT: David Brod Director STAFF AND GUEST(S) PRESENT: Stephen Seidel Assistant Town Manager April Reiling Public Information Officer & Marketing Manager President Hicks called the meeting to order and announced a quorum at 7:04 p.m. CITIZEN PRESENTATIONS REGULAR SESSION 1. Recognition of September Business Spotlight Partner: Hampton Inn & Suites Trophy Club The EDC 4B Board reviewed the September Business Spotlight partner, Trophy Club Hampton Inn & Suites. Representatives were not available to present to the EDC 4B Board. 2. Interview EDC 4B Board Applicants and take appropriate action regarding a recommendation to the Town Council to appoint three (3) Director positions. - Dave Brod - Sean Weaver - Jim Hicks - Gerald Rapp - Eric Jensen Director Rebecca Sherman provided an overview of the EDC 4B responsibilities and duties. The Board interviewed applicant Gerald (Gerry) Rapp and asked various questions. Motion by Director Dean Murray to keep current EDC 4B Board members (Jim Hicks, Sean Weaver and Dave Brod) in place. Motion seconded by Director Rebecca Shuman. Motion passed unanimously (5-1) with Director Sean Weaver abstaining. 3. Discuss and take appropriate action regarding the FY15 Budget. Assistant Town Manager Stephen Seidel updated the Board regarding the Town Council decision to not fund 50% of the Economic Development & Marketing Coordinator position. A draft budget was provided to the Board that included the fully -funded position for review, with funding for the position effective October 1, 2014. Staff discussed the various aspects of the organization that would be impacted if the position was not funded or partially funded, and the Board asked questions. Motion by Director Dean Murray to approve the EDC 4B FY15 budget as presented, with the understanding that the job description and scope of the ED & Marketing Coordinator position will be discussed at the October meeting. Motion seconded by Director Randall Conn. Motion passed 5-1 with Director Sean Weaver voting against. 4. Discuss and take appropriate action regarding the August 2014 Minutes. Staff answered questions from the Board regarding the August 2014 Minutes. Motion by Director Gregory Wilson to adopt the Minutes as presented. Motion seconded by Director Sean Weaver. Motion passed unanimously. 5. Discuss and take appropriate action regarding the July 2014 Financials. Staff provided an overview of the July 2014 Financials. Motion by Director Randall Conn to adopt the July 2014 Financials as presented. Motion seconded by Director Gregory Wilson. Motion passed unanimously. 6. Assistant Town Manager Update: September Focus on Business event - PetFest - September 20 - Trophy Wood - Trophy Club Town Center - The Plaza - Village Centre - The Village Assistant Town Manager Stephen Seidel and Public Information Officer (PIO) & Marketing Manager April Reiling provided updates and answered questions related to the topics above. Adjourn Director Rebecca Shuman motioned to adjourn at 8:55 p.m. Motion seconded by Director Sean Weaver. Motion passed unanimously. /c James H' ks, President Dean Murray, Treasur / ecretary