Minutes EDC 4B 03/06/2000MINUTES OF REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION
TOWN OF TROPHY CLUB
March 6, 2000
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation of the Town of Trophy Club, Texas, met in a
Regular Session March 6, 2000. The meeting was held within the boundaries of the Town and
was open to the public.
DIRECTORS PRESENT:
David Garlitz
President
James Hicks
Vice -President
John Carter
Treasurer
Scott Smith
Council Liaison
Pam Cates
Director
DIRECTORS ABSENT:
Terry Christlieb Director
Paul Zigler Secretary
STAFF AND GUEST(S) PRESENT:
Jim Buxton Staff Liaison
Renae Gonzales Recording Secretary
Barbara Tweedie Council
REGULAR SESSION
6:37 p.m.
6:45 p.m.
CALL TO ORDER AND ANNOUNCE A QUORUM:
President Garlitz called the meeting to order and announced a quorum at 6:38 p.m.
REVIEW AND APPROVE MINUTES:
Director Carter made a motion to accept the minutes as written. Director Hicks
seconded. Motion passed unanimously.
REVIEW AND APPROVE FINANCIAL REPORT:
Director Smith made a motion to accept the financial statements as written. Director Carter
seconded. Motion passed unanimously.
DISCUSSION AND APPROPRIATE ACTION REGARDING SETTING DATE FOR
PUBLIC HEARING FOR FUNDING OF BASEBALL FIELDS/PARKS AT MEDLIN AND
BECK SCHOOLS:
Directors determined a Public Hearing would not be held until the grant was approved. Directors
requested that approved, unfunded projects be designated separately on the balance sheet.
Director Garlitz made a motion to accept. Director Hicks seconded. Motion passed
unanimously.
Page 2 ECONOMIC DEVELOPMENT CORP. March 6, 2000
DISCUSSION AND APPROPRIATE ACTION REGARDING CHANGING OF
DIRECTOR TERMS OF OFFICE:
Directors drew one and two year terms through a random drawing. David Garlitz, Paul Zigler,
and Jim Hicks drew one year terms through May 2001. John Carter, Pam Cates, and Terry
Christlieb drew two year terms through May 2002. Director Garlitz made a motion to reset terms
through May of 2001 and 2002. Director Cates seconded. Motion passed unanimously.
DISCUSSION AND APPROPRIATE ACTION REGARDING BUSINESS PLAN:
President Garlitz will devise a cover letter and rough draft for application of fund requests. He
will bring to discuss at the next meeting. Directors determined that 20% of monthly sales tax
would be set aside in reserves for future special projects beginning with March 2000. Director
Cates made a motion to accept. Director Smith seconded. Motion passed unanimously.
OTHER BUSINESS:
No action taken.
ADJOURN:
Director Carter made a motion to adjourn the meeting at 7:45. Director Garlitz seconded.
Motion passed unanimously.
Iia ar f
President
04/03/00drg
--Janes Hicks
Vice -President