Minutes EDC 4B 07/17/2017 MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE,TROPHY CLUB,TEXAS
Monday,July 17,2017 at 7:00 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,July 17, 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 4B MEMBERS PRESENT:
Gregory Wilson President
Angela Newell Treasurer/Secretary
Cory McDonald Director
Michael Richmond Director
ECONOMIC DEVELOPMENT CORPORATION 4B ABSENT:
David Brod Director
Sean Bone Director
STAFF AND GUEST(S) PRESENT:
Rhylan Rowe Town Council Liaison
Thomas M.Class, Sr. Town Manager
Shannon Montgomery Operations Specialist
Amber Karkauskas Finance Director
Lisa Reich Town Planner
John Zagurski Budget Manager
President Wilson announced the date of Monday,July 17, 2017, called the EDC4B Board to order and announced a
quorum at 7:04 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.
CONSENT AGENDA
1. Consider and take appropriate action regarding the April 24, 2017 Meeting Minutes.
2. Consider and take appropriate action regarding the March 2017 Financials.
3. Consider and take appropriate action regarding the April 2017 Financials.
4. Consider and take appropriate action regarding the May 2017 Financials.
Motion:
Motion made by Director Newell, seconded by Director McDonald, to approve Consent Agenda Items 1 through 4
as presented.
Motion passed unanimously.
5. FY2017-2018 Budget:
a. Conduct a Public Hearing regarding the proposed EDC 4B Operating Budget for the Fiscal Year 2017-2018.
b. Consider and take appropriate action regarding the proposed EDC 4B Operating Budget for the Fiscal
Year 2017-2018.
President Wilson opened the Public Hearing at 7:06 p.m.
Budget Manager John Zagurski walked the Board through the proposed budget and answered questions from the
Board.
President Wilson closed the Public Hearing at 7:08 p.m.
Motion:
Motion made by Director Newell, seconded by Director Richmond, to approve the proposed EDC 46 Operating
Budget for the Fiscal Year 2017-2018.
Motion passed unanimously.
6. Development Updates:
• July 6 Planning&Zoning Commission Meeting Action
• PD-30 Final Plat Status
• Beck Elementary Site Plan Amendment
Town Planner Lisa Reich updated the Board and addressed questions; no action was taken.
EXECUTIVE SESSION
7. Pursuant to the following designated section of the Texas Government Code,Annotated, Chapter 551 (Texas
Open Meetings Act),the Council will convene into executive session to discuss the following:
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 and Section 551.087 Deliberation 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:
North of Highway 114,east of Trophy Club Drive
CONVENED INTO EXECUTIVE SESSION AT 7:17 P.M.
RECONVENED INTO REGULAR SESSION AT 8:15 P.M.
8. Consider and take appropriate action regarding the Executive Session.
Motion:
Motion made by Director Richmond, seconded by Director Newell, to reopen the Trophy Wood District RFP with
language that allows the Board to close it at any time.
Motion passed unanimously.
ADJOURN
Motion:
Motion made by Director Newell to adjourn. Meeting adjourned at 8:16 p.m.
Motion passed unanimously.
/ a �� / !� •
Shannon Montgomery,TRMC, Operations Specialist cuf, Greg ilson, President, EDC 4B
Town of Trophy Club,Texas Town of Trophy Club,Texas
EDC4B Regular Session Minutes July 17,2017 Page 2 of 2