Minutes EDC 4B 01/23/2017MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, January 23, 2017 at 6:30 P.M.
Svore Municipal Building Boardroom
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a Regular Session on
Monday, January 23, 2017. The meeting was held within the boundaries of the Town and was open to the public.
STATE OF TEXAS §
COUNTY OF DENTON §
ECONOMIC DEVELOPMENT CORPORATION 46 MEMBERS PRESENT:
Eric Jensen
Vice President
Angela Newell
Treasurer/Secretary
Sean Bone
Director
David Brod
Director
Cory McDonald
Director
Michael Richmond
Director
ECONOMIC DEVELOPMENT CORPORATION 4B ABSENT:
Gregory Wilson President
STAFF AND GUEST(S) PRESENT:
Rylan Rowe Town Council Liaison
Steven Glickman Assistant Town Manager/CFO
Shannon Montgomery Acting Town Secretary
Lisa Reich Town Planner
Levi Hooten Architect & Designer
Chris Gordon Old Town Development
Justin Springfield Old Town Development
Vice President Jenson announced the date of Monday, January 23, 2017, called the EDC4B Board to order and
announced a quorum at 7:00 p.m.
CITIZEN PRESENTATIONS
Citizens are allowed three (3) minutes to address the Board regarding an item over which the Board has policy or
oversight authority as provided by Texas law, the ethics order, or other policy order.
There were no Citizen Presentations made.
REGULAR SESSION
1. Consider and take appropriate action regarding the December 13, 2016 Joint Session with Town Council
meeting minutes.
Motion:
Motion made by Director Bone, seconded by Director Richmond, to approve the December 13, 2016 Joint Session
with Town Council meeting minutes as presented.
Motion passed unanimously.
2. Consider and take appropriate action regarding the October 2016 Financials.
Motion:
Motion made by Director Bone, seconded by Director Newell, to approve the October 2016 Financials as
presented.
Motion passed unanimously.
3. Receive Acting Town Manager's Update regarding the following; discussion and provide input regarding
same:
• Parking Lot Update
Assistant Town Manager Glickman updated the Board and addressed questions; no action was taken.
EXECUTIVE SESSION
4. Pursuant to the following designated section of the Texas Government Code, Annotated, Chapter 551 (Texas
Open Meetings Act), the EDC 413 Board will convene into executive session to discuss the following:
A) Section 551.087 Deliberations regarding Economic Development Negotiations under Subsection (2) 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:
Potential Joint Development Agreement
B) Section 551.072 Deliberation regarding Real Property to discuss or deliberate the purchase, exchange,
lease, or value of real property if deliberation in an open meeting would have a detrimental effect on the
position of the governmental body in negotiations with a third person:
Possible Purchase or Sale of Real Estate
CONVENED INTO EXECUTIVE SESSION AT 7:04 P.M.
RECONVENED INTO REGULAR SESSION AT 8:10 P.M.
RECONVENE INTO REGULAR SESSION
S. Consider and take appropriate action regarding the Executive Session.
No action was taken on this item.
ADJOURN
Motion made by Director Bone, seconded by Director McDonald, to adjourn. Meeting adjourned at 8:10 p.m.
Motion passed unanimously.
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EDC413 Regular Session Minutes January 23, 2017 Page 2 of 2