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Minutes EDC 4B 06/08/1998MINUTES OF WORKSHOP/ REGULAR SESSION/PUBLIC HEARING OF THE ECONOMIC DEVELOPMENT CORPORATION TOWN OF TROPHY CLUB June 8, 1998 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation of the Town of Trophy Club, Texas met in a workshop session June 8, 1998 The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: Robert Bums President Terry Christlich Vice President Dan Heath Secretary Paul Zigler Treasurer John Carter Director Pam Cates Director Marshall Engelbeck Director STAFF AND GUEST(S) PRESENT: Greg Guillaume Senior Accountant/Staff Liaison Billy Hughes Chairman, Parks and Recreation Committee Bill Matthai Member, Park and Recreation Committee Dennis Sims Ken Hearth WORKSHOP SESSION President Robert Bums called the workshop to order and announced a quorum at 6:45 p.m. DISCUSSION OF REGULAR AGENDA ITEMS: There was general discussion of the regular agenda items. ITEMS OF INTEREST TO THE CORPORATION: No discussion. Director Zi -ler moved to adjourn workshop session at 6:53 p.m. Director Engelbeck seconded; motion passed unanimously. Page 2 TCEDC Workshop/Regular Session/Public Hearing June 8, 1998 REGULAR SESSION President Burns called the regular session to order and announced a quorum at 7:00 p.m. TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION TO RECEIVE A PRESENTATION FROM THE PARKS AND RECREATION COMMITTEE CONCERNING THE PROPOSED PARK PLAYGROUND EQUIPMENT: Chairperson Hughes and Committee Member Matthai gave a presentation on playground equipment. Director Zigler moved to recess the regular session. Director Engelbeck seconded; motion passed unanimously. PUBLIC HEARING Director Engelbeck moved to open the Public Hearing. Director Cates seconded; motion passed unanimously. TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION TO CONDUCT A PUBLIC HEARING ON A PROPOSED PROJECT INCLUDING A PROPOSAL TO EXPEND NO MORE THAT $100,000.00 ( ONE HUNDRED THOUSAND DOLLARS) OF CAPITAL EXPENSE ON PARK PLAYGROUND EQUIPMENT: The following residents of Trophy Club spoke in favor of the proposed playground equipment: Rick Gilliland Bill Matthai Barbara Bankston Susan McCabe Dawn Seay Eric Ransleben Barry Huizenga Lori King Kelly O'Donnell Eli Bernard Wayne Frena Pete Reincke No one spoke in opposition to the playground equipment. TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION TO ADJOURN PUBLIC HEARING AND CONVENE INTO REGULAR SESSION: There being no one else requesting to address the Board. Director Engelbeck moved to close the Public Hearing. Director Heath seconded; motion passed unanimously. REGULAR SESSION The Board reconvened into regular session at 8:08 p.m. DISCUSSION AND APPROPRIATE ACTION REGARDING THE PROPOSED EXPENDITURE FOR PARK PLAYGROUND EQUIPMENT: Following discussion, Director Zigler moved to rescind the Boards 9/8/97 action on the proposed playground equipment and approve the 1998 Park Equipment Project for the corporate expenditure on no more than $ 1 00,000.00(one hundred thousand dollars) and request this matter be placed on the July 21, 1998, Town Council agenda for final disposition. Director Cates seconded; motion passed unanimously. Page 3 TCEDC Regular Session June 8, 1998 • There being no further business for immediate consideration, Director Engelbeck moved to adjourn, at 8:45 p.m. Director Zigler seconded; motion passed unanimously. Robert Bums, President Trophy Club Economic Development Corporation (SEAL) Dan Heath, Secretary Trophy Club Economic Development Corporation 06/01/98 k1m