Minutes EDC 4B 06/26/2019 TOWN OF TROPHY CLUB
ECONOMIC DEVELOPMENT CORPORATION 46 MINUTES
WEDNESDAY,JUNE 26,2019,6:00 P.M.
LOCATION: 1 TROPHY WOOD DRIVE,TROPHY CLUB,TEXAS
TRAINING/EOC ROOM
The Economic Development Corporation (EDC)4B of the Town of Trophy Club,Texas, met on Wednesday,June 26,
2019.The meeting was held within the boundaries of the Town and was open to the public.
EDC 4B MEMBERS PRESENT:
Michael Richmond President
Chris Whipple Director
Cory McDonald Vice President
Travis Inge Director (participated remotely using video conferencing through Skype)
Sean Bone Council Liaison
EDC 4B MEMBERS ABSENT:
John Nordberg Director
Jared Hall Director
STAFF PRESENT:
Jonathan Phillips Interim Town Manager
Wade Carroll Fire Chief
Julie Smestad Administrative Specialist/Recording Secretary
Mike Pastor Information Technology Manager
President Richmond announced the date of Wednesday, June 26, 2019, called the EDC 4B meeting to order and
announced a quorum at 6:03 p.m.
CITIZEN PRESENTATIONS
Citizens are allowed four(4)minutes to address the Corporation regarding on item over which the Corporation has
policy or oversight authority as provided by Texas law, the ethics order, or other policy order.
There were no citizen presentations.
REGULAR SESSION
1. Consider and take appropriate action regarding the appointment of the Secretary/Treasurer.
Motion:
Motion made by Vice President McDonald,seconded by President Richmond,to appoint Chris Whipple to serve as
the Secretary/Treasurer.
Motion carried 4-0-0.
2. Consider and take appropriate action regarding the EDC 4B minutes dated May 28,2019.
Motion:
Motion made by Vice President McDonald, seconded by Secretary/Treasurer Whipple, to approve the EDC 4B
minutes dated May 28, 2019.
Motion carried 4-0-0.
3. Consider and take appropriate action regarding the proposed EDC 413 Budget for Fiscal Year 2020.
Interim Town Manager Phillips advised that the Trophy Club Municipal Utility District (TCMUD) No. 1 was
scheduled to construct a waterline along the northern property line of Parcel 7, 2951 E. State Highway 114. Halff
Associates were representing the TCMUD No. 1 and offered $64,106 for Parcel 7, which was owned by the Trophy
Club EDC 4B. Staff and Teague, Nall,&Perkins have reviewed the appraised value and agree with the offer.
Motion:
Motion made by Director Inge, seconded by Vice President McDonald, to approve the EDC 4B Budget for Fiscal
Year2020.
Motion carried 4-0-0.
ADJOURN
President Richmond adjourned the meeting at 6:19 p.m.
ulie Smestad,Recording Secretary Michael Richmond, President
Town of Trophy Club,Texas Town of Trophy Club,Texas
EDC 4B Joint Minutes June 26,2019 Page 2 of 2