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Minutes EDC 4A 03/27/2006MINUTES OF WORKSHOPIREGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION 4A TOWN OF TROPHY CLUB MARCH 27,2006 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 27,2006. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: J. D. Harvey Dwight Morrow Neil Twomey Gary Cantrell Matthew Graham President Vice President Secretaryrrreasurer Director Director DIRECTORS ABSENT: STAFF AND GUEST (S) PRESENT: Roger Unger Staff Liaison Sakura Moten-Dedrick Staff Renae Gonzales Staff Adam Adams Staff Bob Radder Resident WORKSHOP SESSION CALL TO ORDER AND ANNOUNCE A QUORUM: President Harvey called the meeting to order at 6:33 pm, announced a quorum, and proceeded to the regular session. REGULAR SESSION CALL TO ORDER AND ANNOUNCE A QUORUM: DISCUSSION AND APPROPRIATE ACTION REGARDING FUNDING REQUESTS FROM PARKS AND RECREKI'ION FOR MISCELLANEOUS POOL EQUIPMENT: Parks Director Adam Adams stated that Admiral had the better quality of products and was the best option. Director Twomey made a motion to fund option # 1 in the amount of $5,523.75 for five chaise lounges, 40 chairs, and ten tables contingent on: 1) an application being presented, 2) approval from the Town Council, 3) Validation of qualified project from Town Attorney, Patricia Adams. Director Graham seconded. Motion passed unanimously. DISCUSSION AND APPROPRIATE ACTION REGARDING FISCAL YEAR 2006-2007 BUDGET: Directors reviewed the preliminary budget and requested to review again at the May meeting after elections and voting on the street referendum. REVIEW AND APPROVE MINUTES: Director Cantrell made a motion to approve the meeting minutes for February 27, 2006. Director Morrow seconded. The motion passed unanimously. REVIEW AND APPROVE FINANCIAL STATEMENTS: Director Morrow made a motion to approve the February 2006 financials. Director Graham seconded. The motion passed unanimously. EDC4A MINUTES MARCH 27,2006 OTHER: otion to adjourn the meeting. was adjourned at 7:05 p.m.