Minutes TIRZ No. 1 10/03/2016 MINUTES OF REGULAR SESSION FOR THE
TAX INCREMENT REINVESTMENT ZONE (TIRZ) NO. 1 BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, October 3, 2016
6:30 p.m.
STATE OF TEXAS
COUNTY OF DENTON
The Tax Increment Reinvestment Zone (TIRZ) No. 1 Board of the Town of Trophy Club, Texas,
met in Regular Session on October 3, 2016. The meeting was held within the boundaries of the
Town and was open to the public.
TIRZ DIRECTOR(S) PRESENT:
David Brod Chairman
Angela Newell Vice Chairman
Eric Jensen Board Member
TIRZ DIRECTOR(S) ABSENT:
Cory McDonald Board Member
Rebecca Barksdale Board Member, Precinct Administrator, Tarrant County
STAFF AND GUEST(S) PRESENT:
Steven Glickman Assistant Town Manager
Robbie Killingsworth Recording Secretary
Call to order and announce a quorum at 6:30 p.m. by Chairman David Brod (3 members).
CITIZEN PRESENTATIONS
Citizens are allowed three (3) minutes to address the Commission regarding an item over which the
Commission has policy or oversight authority as provided by Texas law, the ethics order, or other policy
order.
Chairman David Brod asked if there were any public requests to speak. No public requests were
turned in.
REGULAR SESSION
1. Consider and take appropriate action by TIRZ No. 1 Board to appoint a Vice
Chairman.
Motion to appoint Angela Newell as Vice Chairman was made by Board Member Eric Jensen,
seconded by Board Member Angela Newell. The motion was approved unanimously. (3-0)
2. Discuss and take appropriate action regarding the August 24, 2016 Minutes.
Motion to approve the August 24, 2016 TIRZ No. 1 Board Minutes as presented was made
by Board Member Eric Jensen, seconded by Vice Chairman Angela Newell. The motion was
approved unanimously (3-0).
TIRZ No.1 Board October 3, 2016
EXECUTIVE SESSION
3. Pursuant to the following designated sections of the Texas Government Code,
Annotated, Chapter 551 (Texas Open Meetings Act), the Board will convene into
executive session to discuss the following:
Section 551.087 Deliberations regarding Economic Development
Negotiations 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 Projects and Incentives
CONVENE INTO EXECUTIVE SESSION -6:33 P.M.
EXECUTIVE SESSION - CLOSED - 6:37 P.M.
RECONVENE INTO REGULAR SESSION - 6:38 P.M.
REGULAR SESSION
4. Consider and take appropriate action regarding the Executive Session.
Motion to approve the ECONOMIC DEVELOPMENT AGREEMENT and the AMENDED
ECONOMIC DEVELOPMENT AGREEMENT as presented was made by Vice Chairman Angela
Newell, seconded by Board Member Eric Jensen. The motion was approved unanimously (3-0).
ADJOURN
Motion to adjourn the meeting was made by Vice Chairman Angela Newell, seconded by Board
Member Eric Jensen. The motion was approved unanimously (3-0). The meeting was adjourned
at 6:39 p.m.
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Davi Brod obbieAillingsworth
ki Chairman Recording Secretary
TIRZ No.1 Board October 3, 2016