Minutes EDC 4A 10/28/2002 - Special SessionMINUTES OF JOINT SPECIAL SESSION FOR THE
ECONOMIC DEVELOP CORPORATION B AND ECONOMIC DEVELOP CORPORATION A
FOR THE TOWN OF TROPHY CLUB
OCTOBER 28, 2002
The Economic Development Corporation 4A and Economic Development Corporation 4B ofthe Town of Trophy
C|ub, mat in Special Session on K1onday. October 28, 2082. The meeting was held within the boundaries of the
Town and was open hzthe public.
JOINT SPECIAL SESSION
ECONOMIC DEVELOPMENT CORPORATION AMEMBERS PRESENT:
Dwight Morrow
Nai|Twomey
Pete Rainoke
J D. Harvey
ECONOMIC DEVVELOPK8ENTCORPORATION AMEMBERS ABSENT:
Gary Cantrell
ECONOMIC DEVELOPMENT CORPORATION BMEMBERS PRESENT:
Pam Cates
Jim Hicks
John Carter
TenyChhstlieb
Doyle Nicholson
ECONOMIC DEVELOPMENT CORPORATION BMEMBERS ABSENT:
Jonathan Witherspoon
STAFF AND GUESTS PRESENT:
Roger Unger
Jan Woodruff
HapBaggott
David Cunningham
Jay Marsh
Roger Williams
Beverly Foley
Staff Liaison
Staff
Synergy Group
Midwest Commercial Realty
Pate Engineering
Town Council member
Town Council member
CALL MEETING TOORDER
President Harvey stated aquorum was present for the EDCAat7:22p.rn. and proceeded hothe special session.
President Hicks stated oquorum was present for the EDCBat7:22p.m and proceeded tothe special session.
DISCUSSION AND APPROPRIATE ACTION ABOUT FUNDING OFTHE 1O-ACREPARK AND THE POOL
PROJECT FOR F`/2UO2-2DO3.
The EDCB requested EDCA to pay the 1 St year of bond payments if they decide to repay a portion of the
developer's cost for the Trophy Wood road extension, David Cunningham and Hap Baggett made a presentation
about the proposed Plaza development including hoha|s, medical faci|itioo, and restaurants and the incentives
they are requesting from EOCB and the Town of Trophy Club. EDCA indicated that they would pay the bund
payments if the project were approved.
President Hicks adjourned the EDCB meeting at 8:48. EDCAvvent into their regularly scheduled Workshop and
Regular Session.
EOCAMeeting
Page
10/28/02
BDCAWORKSHOP SESSION
President Harvey announced there was a quorum and proceeded to the Regular Session.
REGULAR SESSION
DISCUSSION AND APPROPRIATE ACTION REGARDING ADDITIONAL CAPITAL IMPROVEMENTS TO THE
POOL.
EDCAisreceptive tohelping the town ofuncommitted funds uptn$1O0.0UU.
DISCUSSION {]FTEOCSALES TAX TRAINING SEMINAR C}NAUGUST 23, 2002.
Jan Woodruff led the discussion of the recap of the mandatory EDC training.
REVIEW AND APPROVE MINUTES.
Director Twomey made a motion to approve the September 23, 2002 minutes.Director Morrow seconded the
motion and itpassed unanimously.
REVIEW AND APPROVE FINANCIAL STATEMENTS.
This item was tabled until the next meeting.
OTHER BUSINESS
Because ofthe holidays, iiwas decided not tuhave the November 25 m nneedmngortheOenembar23 meetings.
The next meeting will bescheduled for Tuesday, December 1UmatS:0Op.m.
ADJOURN
DinactorT do odon to adjourn at 9:35 p.m. Director Morrow seconded the motion and it passed
J. D. Ha NeilTwomey
ry
Presidenf, Secretary/Treasurer
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