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Minutes EDC 4B 01/10/2000MINUTES OF REGULAR SESSIONIPUBLIC HEARING ECONOMIC DEVELOPMENT CORPORATION TOWN OF TROPHY CLUB January 10, 2000 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation of the Town of Trophy Club, Texas, met in a Joint Public Hearing and Regular session January 10, 2000. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: Terry Christlieb President Paul Zigler Treasurer John Carter Director James Hicks Director David Garlitz Director Scott Smith Council Liaison DIRECTORS ABSENT: Pam Cates Vice -President STAFF AND GUEST(S) PRESENT: Jim Buxton Staff Liaison Renae Gonzales Recording Secretary REGULAR SESSION CALL TO ORDER AND ANNOUNCE A QUORUM: President Christlieb called the meeting to order and announced a quorum at 6:30 p.m. REVIEW AND APPROVE MINUTES: The following changes were made to the December 13, 1999 minutes: Maguire Thomas Partners changed to Maguire Partners; Director Carter seconded the motion to adjourn instead of Director Smith. Director Zigler made a motion to accept the minutes with corrections. Director Carter seconded. Motion passed unanimously. REVIEW AND APPROVE FINANCIAL REPORT: Director Carter made a motion to approve the financials. Director Smith seconded. Motion passed unanimously. DISCUSSION AND APPROPRIATE ACTION REGARDING A PROCLAMATION FOR THE CLOSURE OF T.W. KING: Chairman Christlieb presented a letter to be typed on EDC letterhead and distributed regarding EDC's position on the closure of T.W. King. Director Zigler made a motion to accept the letter and its distribution. Director Garlitz seconded. Motion passed unanimously. Page 2 ECONOMIC DEVELOPMENT CORP. January 1.0, 2000 PUBLIC HEARING CALL TO ORDER AND ANNOUNCE A QUORUM: President Christlieb called the meeting to order at 6:40 p.m. and announced a quorum. TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION TO CONDUCT A PUBLIC HEARING ON THE EXPENDITURE OF FUNDS FOR THE FOURTH OF JULY CELEBRATION IN THE AMOUNT OF $15,000.00: REGULAR SESSION DISCUSSION AND APPROPRIATE ACTION REGARDING THE PROPOSAL TO PROVIDE FUNDS FOR THE FOURTH OF JULY CELEBRATION: No action taken. See minutes for February 21, 2000 meeting. OTHER BUSINESS: Discussion ensued regarding a possible '/2 cent sales tax. ADJOURN: Director Garlitz made a motion to adjourn the meeting at 7:50 p.m. Director Zigler seconded; motion passed unanimously. Terry Christli6b President 02/17/00drg Pam Cates Vice -President