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Minutes EDC 4A 03/24/2003MINUTES OF WORKSHOP/REGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION 4A TOWN OF TROPHY CLUB MARCH 24, 2003 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation 4A of the Town of Trophy Club, Texas, met in a Regular Session on March 24, 2003. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: Neil Twomey Secretary/Treasurer Gary Cantrell Director Dwight Morrow Director DIRECTORS ABSENT: Pete Reincke Vice -President J. D. Harvey President STAFF AND GUEST (S) PRESENT: Roger Unger Staff Liaison Jan Woodruff Staff Donna Welsh Town Manager WORKSHOP SESSION CLL 1"01 ORDER AND ANNOUNCE A QUORUM: Director Twomey called the meeting to order at 6:01 pm, announced a quorum, and proceeded to the regular session. REGULAR SESSION CALL TO ORDER AND ANNOUNCE A QUORUM: UPDATE ON EDC FUNDING OF CONSTRUCTION OF 10 -ACRE PARK. Roger Unger gave an update on the construction of the 10 -Acre Park. DISCUSSION AND APPROPRIATE ACTION ON EDC FUNDING FOR THE SWIMMING POOL. Roger Unger gave an update on the pool. No action was taken at this time. DISCUSSION AND APPROPRIATE ACTON FOR PAYMENT OF NEIL TWOMEY'S TRAVEL EXPENSES. Director Cantrell made a motion to pay Neil Twomey's travel expenses to Austin. Director Morrow seconded the motion and it passed unanimously. DISCUSSION AND APPROPRIATE ACTION FOR THE REIMBURSEMENT TO THE TOWN OF TROPHY CLUB CONSTRUCTION ACCOUNT FOR BLEACHERS. Director Morrow made a motion to pay the invoice for $6,314.20 for the bleachers. Director Cantrell seconded the motion and it passed unanimously. REVIEW AND APPROVE MINUTES: Director Cantrell made a motion to adopt the minutes for February 18, 2003 as submitted. Director Morrow seconded the motion. The motion passed unanimously. REVIEW AND APPROVE FINANCIAL STATEMENTS: Director Cantrell made a motion to adopt the financial statements as submitted for February 2003. Director Morrow seconded the motion. The motion passed unanimously. PAGE 2 OTHER BUSINESS: None ADJOURN: Director Twomey adjourned the meeting at 6:28 Dwight Director EDCA 4A MEETING MARCH 24, 2003 p.m. Neil Twomey Secretary/Treasurer