Minutes EDC 4A 05/31/2011INUTES OF A REGULAR ECONOMIC DEVELOPMENT CORPORATION 4A
FOR THE TOWN OF TROPHY CLUB
100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
TUESDAY, MAY 31, 2011
7:00 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 Tuesday, May 315t at 7:00 p.m. The meeting was held within the boundaries of the Town
and was open to the public.
DIRECTORS PRESENT
JD Harvey
President
Richard Bell
Secretary
Neil Twomey
Director
Bob Fair
Director
DIRECTORS ABSENT
Director Dwight Morrow was not in attendance but turned in his resignation prior to the meeting
STAFF AND GUEST(S) PRESENT
Adam Adams Parks and Recreation Director
Margie Cantrell Council Liaison
Michael Aguilera Interim Finance Director
1 Discuss and take appropriate action on the approval of the January 31, 2011 minutes.
President Harvey called the regular session to order at 7:07 p.m.., noting a quorum was
present.
2 Discuss and provide input concerning a discussion of EDC4A finances and budget by
Town staff.
Michael Aguilera, interim Director of Finance, was introduced. Mr. Aguilera reviewed EDC 4a's
balances, transfers and budget.
For tracking purposes, the board would like future transfers from the "EDC 4A" budget to the
"Town" budget to be submitted on the "Application for Funds" form so that they can ensure
money is available when it is needed.
The Board also requested that funds to be transferred remain in the EDC budget up to such
time they are required.
3 Staff updates and discussion of same for the following items:
a. Trophy Club Park
Director Adams let the board know that video system installed at Trophy Club Park is
working perfectly. In the future, a similar system might be considered for the
Community Pool.
b. PID projects
Freedom Park is on target to be completed before PetFest on September 241n
c. Bond projects
C!
Independence East in on track to be finished in mid September.
Freedom Park is on target to be completed before PetFest on September 24th
The Harmony Park softball fields will be converted to new soccer fields. Town Council
will discuss the Spray Pad for Harmony Park at their next meeting. The Corps has
given the "green light" on the majority of the "concept" plan for Trophy Club Park.
Items for future agendas:
approve finance package
5 Schedule next meeting.
Adjourn
Director Twomey made a motion
passed unanimously.
JD
p.m. Seconded by Director Fair. Motion
7(g
ident