Minutes EDC 4A 07/29/2002MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4A
TOWN OF TROPHY CLUB
July 29, 2002
STATE OF TEXAS
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The Economic Development Corporation 4A of the Town of Trophy Club, Texas, met in
a Regular Session on July 29, 2002. The meeting was held within the boundaries of the
Town and was open to the public.
DIRECTORS PRESENT:
J. D. Harvey
Pete Reincke
Dwight Morrow
Neil Twomey
Gary Cantrell
DIRECTORS ABSENT:
STAFF AND GUEST(S) PRESENT:
Roger Unger
Jan Woodruff
President
Vice -President
Director
Secretary/Treasurer
Director
Staff Liaison
Recording Secretary
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM:
President Harvey called the meeting to order at 6:02 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 ON PAYMENT OF 10 -ACRE PARK
BILLS INCLUDING THE CONCESSION STAND, ETC.
The concession stand walls are standing but the roof has not been added A document
of all costs with backup invoices should be submitted to EDCA for a lump sum
reimbursement payment to the Town of Trophy Club. $175,000 has been committed for
the concession stand. No action taken.
DISCUSSION AND APPROPRIATE ACTION TO INCLUDE THE EDC 4A IN THE
ENGAGEMENT LETTER TO THE AUDITORS.
This has been tabled at this time because of the estimate being high from the auditor. It
was asked that Roger call Martin Turner and ask him for an estimate.
PAGE 2 TROPHY CLUB EDC4A JULY 29, 2002
DISCUSSION AND APPROPRIATE ACTION TO DEVELOP A BUDGET FOR FY2003:
Director Reincke made a motion to submit the fiscal year 2003 EDCA budget to the
Town Council. Director Twomey seconded and the motion passed unanimously.
DISCUSSION AND APPROPRIATE ACTION TO ATTEND A TRAINING SESSION
FOR HB 3178 FOR ECONOMIC DEVELOPMENT:
J.D. Harvey will be attending the training on August 23, 2002.
REVIEW AND APPROVE MINUTES:
Director Cantrell made a motion to approve the minutes with corrections for June 25,
2002. Director Twomey seconded the motion. The motion passed unanimously.
REVIEW AND APPROVE FINANCIAL STATEMENTS:
Director Twomey made a motion to approve the financial statement for the month of
June 2002. Director Morrow seconded the motion. The motion passed unanimously.
ADJOURN:
Director,C40trell made a motion to adjourn the meeting at 6:48 p.m. Director Twomey
secondbd.,,,,K4ption passed unanimously.
�Harvey.----' Neil Twomey
Pfesident'-- Secretary/Treasurer
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