Minutes EDC 4A 04/22/2002MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4A
TOWN OF TROPHY CLUB
April 22, 2002
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4A of the Town of Trophy Club, Texas, met in a
Regular Session on April 22, 2002. The meeting was held within the boundaries of the Town and
was open to the public.
DIRECTORS PRESENT:
J. D. Harvey
Neil Twomey
Pete Reincke
Barry Huizenga
DIRECTORS ABSENT:
David Neal
President
Secretary/Treasurer
Vice -President
Council/Liaison
STAFF AND GUEST(S) PRESENT:
Donna Welsh Staff Liaison
Jan Woodruff Recording Secretary
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM:
President Harvey called the meeting to order at 6:06 pm, announced a quorum, and
proceeded to the regular session.
DISCUSSION OF REGULAR AGENDA ITEMS:
ADJOURN WORKSHOP SESSION:
REGULAR SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM:
DISCUSSION AND APPROPRIATE ACTION TO REMOVE AL MILLIGAN AND
MATTHEW BULLARD FROM THE CHECKING ACCOUNT AT FIRST FINANCIAL
BANK AND ADD ROGER UNGER AND PETE REINCKE FOR SIGNATURE
AUTHORITY:
Director Twomey made a motion to remove Al Milligan and Matthew Bullard from the checking
account at First Financial Bank and add Roger Unger. He also included in the motion that there
will be two signatures if the check is over $2000. Director Reincke seconded. The motion passed
unanimously.
PAGE 2 TROPHY CLUB EDC4A APRIL 22, 2002
REVIEW AND APPROVE MINUTES:
Director Reincke made a motion for the minutes for March 25, 2002, to be approved. Director
Twomey seconded the motion. The motion passed unanimously.
REVIEW AND APPROVE FINANCIAL STATEMENTS:
Director Reincke made a motion to approve the financial statement for the month of March 2002.
Director Huizenga seconded the motion. The motion passed unanimously.
OTHER BUSINESS:
It was asked that there be an item on the next agenda to include the 75% in the schedule for
proposed service contract between the Town of Trophy Club and the Trophy Club Economic
Development Corporation 4A. This is contingent on the passing of the bond on the May 4t1i
election.
It was also asked that there be an item on the next agenda to establish a procedure on changing
the bank account when members or staff change that are on the signature card.
A third agenda item for the next meeting is that the EDC 4A be included in the engagement letter
for the annual audit.
The Directors all thanked Barry Huizenga in serving with the EDC 4A as the Council Liaison
since he is resigning from the Council. They encouraged Barry to join them on the committee as a
director.
The Directors gave a general consensus to recommend to the Town Council to accept the
reappointment of J. D. Harvey and Neil Twomey on the EDC 4A Board.
ADJOURN:
Director Rneke made a motion to adjourn the meeting at 6:30 p.m. Director Twomey seconded.
Motion as d�unany uously.
J. Da
Pree deij
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Neil Twomey
Secretary/Treasurer