Minutes EDC 4A 01/26/2004MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4A
TOWN OF TROPHY CLUB
JANUARY 26, 2004
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4A of the Town of Trophy Club, Texas, met in a Regular
Session on January 26, 2004.
The meeting was held within the boundaries of the Town and was
open to the public.
DIRECTORS PRESENT:
J. D. Harvey
President
Dwight Morrow
Vice President
Neil Twomey
Secretary/Treasurer
Gary Cantrell
Director
Bob Fair
Director
DIRECTORS ABSENT:
STAFF AND GUEST (S) PRESENT:
Roger Unger Staff Liaison
Jan Woodruff Staff
WORKSHOP SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM:
President Harvey called the meeting to order at 6:10 pm, announced a quorum, and proceeded to
the regular session.
REGULAR SESSION
CALL TO ORDER AND ANNOUNCE A QUORUM:
DISCUSSION AND APPROPRIATE ACTION TO NAME A VICE-PRESIDENT.
It was noted that the agenda should say EDCA not EDCB on this agenda item. Director Twomey
made a motion to approve Dwight Morrow as Vice President. Director Cantrell seconded the motion
and it passed unanimously.
DISCUSSION AND APPROPRIATE ACTION TO CHANGE SIGNATURE AUTHORITY ON THE
BANK ACCOUNT.
It was the consensus of the Board to continue to require two signatures for all checks over $2,000
and one should be a Board Director. Director Twomey made a motion to give signature authority to
J. D. Harvey, Neil Twomey, Dwight Morrow, Gary Cantrell, Bob Fair, Donna Welsh, Roger Unger,
and Diane Cockrell. Director Morrow seconded the motion and it passed unanimously.
DISCUSSION AND APPROPRIATE ACTION TO APPROVE THE FY2003 ECONOMIC
DEVELOPMENT REPORT FOR THE COMPTROLLER'S OFFICE.
Director Cantrell made a motion to approve the report with the change from Marketing and
Promotion to the Administration line. Director Twomey seconded the motion and it passed
unanimously.
REVIEW AND APPROVE MINUTES:
Director Cantrell made a motion to adopt the minutes for October 27, 2003 as submitted. Director
Morrow seconded the motion. The motion passed unanimously.
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EDC-A January 26, 2004 Meeting
REVIEW AND APPROVE FINANCIAL STATEMENTS:
It was requested that at the next meeting, a copy of the schedule of repayment of Sales Tax be given
to the Board Directors. Director Morrow made a motion to accept the financial statements as
submitted for October, November, and December 2003. Director Fair seconded the motion. The
motion passed unanimously.
OTHER BUSINESS:
President Harvey recognized and welcomed Bob Fair, a new member of EDCA.
ADJOURN:
Director Morrow rfiade'a motion to adjourn the meeting. Director Cantrell seconded the motion and it
passed unaniry(ously. The Meeting was adjourned the meeting at 6:28 p.m.
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J. D. Harv, -_.e. Ne I Twomey
President -' Secretary/Treasurer