Agenda Packet EDC 4B 01/05/2015Economic Development Corporation 4B
(EDC 4B)
Trophy Club Entities
Meeting Agenda
100 Municipal Drive
Trophy Club, Texas 76262
Svore Municipal Building Boardroom7:00 PMMonday, January 5, 2015
CALL TO ORDER AND ANNOUNCE A QUORUM
CITIZEN PRESENTATIONS
Citizens are allowed three (3) minutes to address the Board regarding an item over
which the Board has policy or oversight authority as provided by Texas law, the ethics
order, or other policy order.
REGULAR SESSION
1.2014-1697-T Interview EDC 4B Board Applicants and take appropriate action regarding a
recommendation to the Town Council to appoint one (1) Director position.
- Robert McEwan
- Sean Bone
Robert McEwan (R).pdf
Sean Bone (R).pdf
Attachments:
2.2014-1698-T Receive an ICSC update regarding the recent conference and discussion of
the same.
3.2014-1699-T Old Town Development (OTD) update and discussion of the same.
4.2014-1700-T Discuss and take appropriate action regarding the October 2014 Financials.
EDC4B October Financial Report FY 2015.pdfAttachments:
5.2014-1701-T Discuss and take appropriate action regarding the November 3, 2014
Minutes.
011 November 3 2014 Minutes.pdfAttachments:
6.2014-1702-T Assistant Town Manager Update:
- Discover Trophy Club Magazine
- The Plaza
- The Village
- Village Centre
- The Commons
- Trophy Wood
EDC4B Meeting Agenda 1 of 13 01052015
January 5, 2015Economic Development
Corporation 4B (EDC 4B)
Meeting Agenda
ADJOURN
*THE BOARD MAY CONVENE INTO EXECUTIVE SESSION TO DISCUSS POSTED
ITEMS AS ALLOWED BY THE TEXAS OPEN MEETINGS ACT, TEXAS LOCAL
GOVERNMENT CODE 551.071.
Notice is hereby given that a quorum of the Town Council may be in attendance at
this meeting.
CERTIFICATION
I certify that the above notice was posted on the front window of the Svore Municipal
Building, 100 Municipal Drive, Trophy Club, Texas, on Friday, January 2, 2015 by 5:00
P.M. in accordance with Chapter 551, Texas Government Code.
_________________________
Stephen Seidel
Assistant Town Manager
If you plan to attend this public meeting and have a disability that requires special
needs, please contact the Town Secretary’s Office at 682-831-4600, 48 hours in
advance and reasonable accommodations will be made to assist you.
I certify that the attached notice and agenda of items to be considered by this Board
was removed by me from the front window of the Svore Municipal Building, 100
Municipal Drive, Trophy Club, Texas, on the __________ day of
______________________, 2014.
________________________________, Title: ___________________________
EDC4B Meeting Agenda 2 of 13 01052015
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1697-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/2/2015 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/5/2015
Title:Interview EDC 4B Board Applicants and take appropriate action regarding a recommendation to the
Town Council to appoint one (1) Director position.
- Robert McEwan
- Sean Bone
Attachments:Robert McEwan (R).pdf
Sean Bone (R).pdf
Action ByDate Action ResultVer.
Interview EDC 4B Board Applicants and take appropriate action regarding a recommendation to the Town Council
to appoint one (1) Director position.
- Robert McEwan
- Sean Bone
EDC4B Meeting Agenda 3 of 13 01052015
E
D
C
4
B
M
e
e
t
i
n
g
A
g
e
n
d
a
4
o
f
1
3
0
1
0
5
2
0
1
5
E
D
C
4
B
M
e
e
t
i
n
g
A
g
e
n
d
a
5
o
f
1
3
0
1
0
5
2
0
1
5
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1698-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/2/2015 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/5/2015
Title:Receive an ICSC update regarding the recent conference and discussion of the same.
Attachments:
Action ByDate Action ResultVer.
Receive an ICSC update regarding the recent conference and discussion of the same.
EDC4B Meeting Agenda 6 of 13 01052015
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1699-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/2/2015 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/5/2015
Title:Old Town Development (OTD) update and discussion of the same.
Attachments:
Action ByDate Action ResultVer.
Old Town Development (OTD) update and discussion of the same.
EDC4B Meeting Agenda 7 of 13 01052015
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1700-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/2/2015 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/5/2015
Title:Discuss and take appropriate action regarding the October 2014 Financials.
Attachments:EDC4B October Financial Report FY 2015.pdf
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding the October 2014 Financials.
EDC4B Meeting Agenda 8 of 13 01052015
TOWN OF TROPHY CLUB
OCTOBER 2014 FINANCIAL REPORT
ECONOMIC DEVELOPMENT COPORATION 4B
YEAR TO DATE OCTOBER 8%
Revenue Original
Budget
Revised
Budget Year to Date Variance % Received
Sales Tax 327,272$ 327,272$ 27,691$ 299,581$ 8%
Interest Income 300 300 50 250 17%
Miscellaneous - - 1,000 (1,000) 100%
Total Revenue 327,572$ 327,572$ 28,741$ 298,831$ 9%
Expenditures Original
Budget
Revised
Budget Year to Date Variance % Used
Auditing 1,000$ 1,000$ -$ 1,000$ 0%
Advertising 3,000 3,000 6,000 (3,000) 200%
Printing 500 500 - 500 0%
Schools & Training 2,120 2,120 - 2,120 0%
Dues & Membership 1,050 1,050 - 1,050 0%
Travel & Per Diem 1,533 1,533 - 1,533 0%
Office Supplies 400 400 - 400 0%
Miscellaneous Expense 7,100 7,100 - 7,100 0%
Capital EDC Projects 11,850 11,850 - 11,850 0%
Incentive Programs 140,773 140,773 - 140,773 0%
Total Expenditures 169,326$ 169,326$ 6,000$ 163,326$ 4%
Other Uses Original
Budget
Revised
Budget Year to Date Variance % Used
Transfer to General Fund 155,634$ 155,634$ -$ 155,634$ 0%
Total Other Uses 155,634$ 155,634$ -$ 155,634$ 0%
Fund Balance Original
Budget
Revised
Budget Year to Date
Beginning Fund Balance 167,530$ 167,530$ 167,530$
+Net Increase (Decrease)2,612 2,612 22,741
Ending Fund Balance 170,142$ 170,142$ 190,271$
Percent of Budget Year Transpired
Advertising is $3,000 over budget, this is due to $6,000 expense for Trophy Club Magazine. This expense
is off set by the prior years advertising revenue for the magazine of $6,300
From FY 2015 Budget
EDC4B Meeting Agenda 9 of 13 01052015
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1701-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/2/2015 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/5/2015
Title:Discuss and take appropriate action regarding the November 3, 2014 Minutes.
Attachments:011 November 3 2014 Minutes.pdf
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding the November 3, 2014 Minutes.
EDC4B Meeting Agenda 10 of 13 01052015
MINUTES OF REGULAR SESSION FOR THE
ECONOMIC DEVELOPMENT CORPORATION 4B BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, November 3, 2014
7:00 p.m.
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in Regular
Session on November 3, 2014. The meeting was held within the boundaries of the Town and
was open to the public.
EDC 4B DIRECTORS PRESENT:
Rebecca Shuman Vice President
Greg Wilson Director
Sean Weaver Director
Eric Jensen Director
Gerald Rapp Director
EDC 4B DIRECTORS ABSENT:
Randall Conn Director
David Brod Director
STAFF AND GUEST(S) PRESENT:
Stephen Seidel Assistant Town Manager
April Reiling Public Information Officer & Marketing Manager
Interim President Gregory Wilson called the meeting to order and announced a quorum
at 7:00 p.m.
CITIZEN PRESENTATIONS
REGULAR SESSION
1. Election of Officers:
- President
- Vice President
- Treasurer/Secretary
Motion by Director Eric Jensen to name Gregory Wilson as President, Dave Brod as Vice
President and Gerald Rapp as Treasurer/Secretary. Motion seconded by Director Gerald Rapp.
Motion passed unanimously.
2. Discuss and take appropriate action regarding the Economic Development &
Marketing Coordinator position.
Assistant Town Manager Stephen Seidel provided an update regarding the position. The Board
discussed the position and various pros/cons to funding or not funding the position.
Motion by Treasurer/Secretary Gerald Rapp to not fund the position at this time. Motion
seconded by Director Eric Jensen. Motion passed 4-1 with Vice President Rebecca Shuman
opposed.
3. Discuss and take appropriate action regarding the October 6, 2014 Minutes.
EDC4B Meeting Agenda 11 of 13 01052015
Director Sean Weaver asked about the Council Liaison and felt it was helpful for the liaison to
attend in order to ensure the Board worked toward a common goal and receive Council
feedback through discussion.
Motion by Director Sean Weaver to approve the Minutes as presented. Motion seconded by
Vice President Rebecca Shuman. Motion passed unanimously.
4. Discuss and take appropriate action regarding the September 2014 Financials.
Assistant Town Manager Stephen Seidel provided an overview of the Financials and answered
questions from the Board.
Motion by Presidents Gregory Wilson to approve the Financials as presented. Motion seconded
by Vice President Rebecca Shuman. Motion passed unanimously.
5. Assistant Town Manager Update:
- Trophy Wood
- The Plaza
- The Village
- Village Centre
- Trophy Club Town Center
- ICSC
Assistant Town Manager Stephen Seidel provided updates and answered questions related to
the topics above.
Adjourn
President Gregory Wilson motioned to adjourn at 7:43 p.m. Motion seconded by
Treasurer/Secretary Gerald Rapp. Motion passed unanimously.
______________________________ __________________________
Gregory Wilson, President Gerald Rapp, Secretary/Treasurer
EDC4B Meeting Agenda 12 of 13 01052015
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1702-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:1/2/2015 Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:1/5/2015
Title:Assistant Town Manager Update:
- Discover Trophy Club Magazine
- The Plaza
- The Village
- Village Centre
- The Commons
- Trophy Wood
Attachments:
Action ByDate Action ResultVer.
Assistant Town Manager Update:
-Discover Trophy Club Magazine
- The Plaza
- The Village
- Village Centre
- The Commons
- Trophy Wood
EDC4B Meeting Agenda 13 of 13 01052015