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Minutes EDC 4B 05/18/1998REGULARMINUTES OF SESSION May 18, 1998 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation of the Town of Trophy Club, Texas met in a regular session May 18, 1998 The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: Robert Burns Terry Christlieb Paul Zigler John Carter Pam Cates Marshall Engelbeck President Vice President ( arrived 7:45 p.m.) Treasurer Director Director Director DIRECTORS ABSENT: Dan Heath Secretary STAFF AND GUEST(S) PRESENT: Greg Guillaume Senior Accountant/Staff Liaison Kay Pratt Council Member Ben Brewster Council Member Bill LeGrand Director of Public Works, Town of Trophy Club Billy Hughes Chairman, Parks and Recreation Committee President Robert Burns called the meeting to order and announced a quorum at 7:08 p.m. APPROVE MINUTES OF APRIL 13, 1998 MEETING: Director Christlieb moved to accept the minutes as written. Director Zigler seconded; motion passed with Director Engelbeck abstaining. REVIEW TCEDC FINANCIAL STATEMENTS FOR PERIOD ENDING APRIL 30,1998: Director Engelbeck moved to accept the financials as presented. Director Carter seconded; motion passed unanimously. Page 2 TCEDC Regular Session May 18, 1998 DISCUSSION AND APPROPRIATE ACTION REGARDING DEVELOPMENT OF THE TROPHY CLUB WEB -SITE: General discussion of the ongoing development of the web -site. President Burns signed a $100.00 (one hundred dollar) honorarium check payable to Webmaster Chambers and requested staff to invite Webmaster Chambers to the Corporation's next meeting. DISCUSSION AND APPROPRIATE ACTION REGARDING BANK SIGNATURE CARD: Director's Burns, Zigler and Carter signed the bank signature card. DISCUSSION AND APPROPRIATE ACTION REGARDING A RESOLUTION AMENDING THE AUTHORIZED REPRESENTATIVES OF "TEXPOOL": Staff liaison Guilluame discussed the need for a resolution amending the Corporation's authorized representatives at "TEXPOOL". Director Carter moved to adopt the proposed resolution. Director Engelbeck seconded; motion passed unanimously. DISCUSSION AND APPROPRIATE ACTION REGARDING PARK EQUIPMENT: Billy Hughes, Chairman of the Parks and Recreation committee updated the Board on the status of PAR's park equipment purchase recommendation. General discussion followed. Director Christlieb moved for a June 8, 1998, 7 p.m. Public Hearing. Director Zigler seconded; motion passed unanimously. DISCUSSION AND APPROPRIATE ACTION REGARDING FUTURE PROJECTS: Discussion on future projects was deferred. No action taken. ADJOURN: There being no further business for immediate consideration, Director Carter moved to adjourn at 9:15 p.m. Director Cates seconded; motion passed unanimously. Robert Burns, President Trophy Club Economic Development Corporation (SEAL) Dan Heath, Secretary Trophy Club Economic Development Corporation 06/01/98 klm