Minutes EDC 4A 01/28/2008MINUTES OF A REGULAR ECONOMIC DEVELOPMENT CORPORATION 4A
FOR THE TOWN OF TROPHY CLUB
100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
MONDAY, JANUARY 28, 2008
6:30 P.M.
STATE OF TEXAS §
COUNTY OF DENTON §
The Economic Development Corporation 4A of the Town of Trophy Club, Texas, met in a Regular
Session on Monday, January 28,2008 at 6:30 p.m. The meeting was held within the boundaries of
the Town and was open to the public.
DIRECTORS PRESENT
Richard Bell Board Member
Dwight Morrow Vice-President
Neil Twomey Secretary/Treasurer
DIRECTORS ABSENT
JD Harvey President
Leland Wilhelm Board Member
STAFF AND GUEST(S) PRESENT
Jim Moss Council Liaison
Adam Adams Staff LiaisonlParks and Recreation Director
Jasmine Lee Recreation Supervisor
A.1 Director Twomey called the regular session to order at 6:32p.m., noting a quorum was present.
The Board took a recess at 6:33p.m. and reconvened at 7:05p.m.
A.2 Discuss and take appropriate action to approve a resolution amending authorized
representatives on First Financial Bank and Texpool signature accounts.
Director Adams will get a signature from Director Bell to add to the accounts.
A.3 Discuss and take appropriate action regarding the sharing of the future debt service of the $1.4
million pool bond with EDC 4B and determine what monies Illay be leveraged in the future for
the creation of capital improvements.
Director Adams or Director Twomey will go to EDC 4B and present EDC 4A's plan to use
some of its money on other capital park projects to allow EDC 4B to consider the information
prior to a joint meeting.
A.4 Discuss and take appropriate action concerning the Town's need for the funding of effluent
water to Harmony Park in fiscal year 07/08.
The Board is unable to act without an application for funds.
A.5 Discuss and approve Financials
A. July 2007
B. August 2007
C. September 2007
D. October 2007
E. November 2007
Vice President Morrow made the motion to approve the July, August, September, October, and
November 2007 financials. Director Bell seconded. The motion passed unanimously.
A.6 EDC4A to discuss and take appropriate action on the eligibility requirements to serve on the
Board.
The Board was presented with a letter from the Town Attorney concerning eligibility
requirements as an exhibit for future reference. Vice President Morrow made a motion to
include the letter in the record. Director Bell seconded. The motion passed unanimously.
A. 7 Staff to discuss and update the Board on current park projects.
Director Adams updated the Board on the status of Beck Park. He will try to increase parking
at Harmony Park. Trophy Club Park will open to fishing on February 1, 2008. There will be a
grand opening on March 15,2008.
A.8 Review and approve October 22,2007 minutes.
Director Adams to check if Mindy Herring was present., and will add Council Liaison Jim Moss
to the attendance. Director Bell made a motion to approve the October 22, 2007 minutes.
Vice President Morrow seconded. The motion passed unanimously.
A.8 Adjourn.
Vice President Morrow made the motion to adjourn at 8:04p.m. Director Bell seconded. The
motion passed unanimou~Jy. . .
~ Ight Morrow
vte President