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Minutes EDC 4A 10/22/2001MINUTES OF WORKSHOP/REGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION 4A TOWN OF TROPHY CLUB October 22, 2001 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation 4A of the Town of Trophy Chub, Texas, met in a Regular Session October 22, 2001. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: Matt Bullard Neil Twomey Pete Reincke David Neal J. D. Harvey DIRECTORS ABSENT: Barry Huizenga President Secretary/Treasurer Director Director Director Council/Liaison STAFF AND GUEST(S) PRESENT: Al Milligan Staff Liaison WORKSHOP SESSION CALL TO ORDER AND ANNOUNCE A QUORUM: President Bullard proceeded directly into regular session. DISCUSSION OF REGULAR AGENDA ITEMS: ADJOURN WORKSHOP SESSION: REGULAR SESSION CALL TO ORDER AND ANNOUNCE A QUORUM: President Bullard called the meeting to order and announced a quorum at 6:00 p.m. President Bullard stated that he would be resigning at the end of the EDC4A meeting. He is relocating out of Trophy Club. DISCUSSION AND APPROPRIATE ACTION REGARDING BANK RESOLUTION FOR NEW SIGNATURE CARDS ON THE TEXAS NATIONAL BANK ACCOUNT: Directors stated that a new resolution would need to be completed after the vacancy for President Bullard is tilled. No action taken. REVIEW AND APPROVE MINUTES: The September 24, 2001 minutes were not approved because J. D. Harvey was listed as abstaining on the approval of minutes when in fact he was absent. The correction will be made and presented at the next meeting in November. PAGE 2 TROPHY CLUB EDC4A OCTOBER 22, 2001 REVIEW AND APPROVE FINANCIAL STATEMENTS: The September financials were not approved because Al Milligan requested copies of the report for July sales tax received in September and copies of the invoices paid in September. Copies and financials will be presented at November's meeting. OTHER BUSINESS: None. ADJOURN: Director Reincke made a motion to adjourn the meeting at 6:45 p. m. Director Twomey seconded. Motion passed unanimously. Matt Bullard President 11/20/01 drg Neil Twomey Secretary/Treasurer