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Minutes EDC 4B 02/11/2002MINUTES OF WORKSHOP/REGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION 4B TOWN OF TROPHY CLUB February 11, 2002 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in a Workshop/Regular Session on February 11, 2002. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT: James Hicks Jonathan Witherspoon John Carter Pam Cates Susan Edstrom Carol Cotton Terry Christlieb 1911 N X" 0] Z4:9-11 President Vice -President Treasurer Director Director/Council Liaison Secretary Director 6:45 pm STAFF AND GUEST(S) PRESENT: Roger Unger Staff Liaison Jan Woodruff Recording Secretary Barbara Tweedie Public Relations Committee Chairman WORKSHOP SESSION CALL TO ORDER AND ANNOUNCE A QUORUM: President Hicks proceeded to the regular session. DISCUSSION OF REGULAR AGENDA ITEMS: ADJOURN WORKSHOP SESSION: REGULAR SESSION/PUBLIC HEARING CALL TO ORDER AND ANNOUNCE A QUORUM: President Hicks state a quorum was present at 6:38 PM. Page 2 ECONOMIC DEVELOPMENT CORP 413 February 11, 2002 DISCUSSION AND APPROPRIATE ACTION REGARDING REQUEST BY PUBLIC RELATIONS COMMITTEE FOR PAYMENT OF ADVERTISING EXPENSES: A request for $3,334 was presented by Barb Tweedie from the Public Relations Committee. This included an ad in the Star Telegram Visitor's Guide for $1484, a brochure map completed by Black's Guide for $500, a future brochure for $500 with Tree City, and an ad in Next Stop for $850. Director Carter made a motion to approve payment of the advertising. Director Cates seconded the motion. The vote was unanimous with the exception that Director Witherspoon had not arrived yet. A public hearing is set for March 11th at the Regular Meeting. DISCUSSION AND APPROPRIATE ACTION REGARDING COST SHARING OF ROANOKE- TROPHY CLUB-WESTLAKE CHAMBER OF COMMERCE RENT. No action was taken. Jan Woodruff had contacted Patricia Adams for a legal opinion and she indicated that EDC -B could not pay rent. It was requested by Director Cates that the EDC -B Directors meet with the attorney at a future meeting. DISCUSSION AND APPROPRIATE ACTION TO DEVELOP A BUDGET FOR FY 2002-2003: Tabled to next meeting. Roger Unger stated that the budget needed to be in place no later than July. 1 1� Director Edstrom made a motion to approve the January 2002 meeting minutes. Director Carter seconded the motion. Directors Christlieb and Cotton abstained. The vote was unanimous. REVIEW AND APPROVE FINANCIAL REPORT: Director Cotton made a motion to approve the January 2002 minutes. Director Witherspoon seconded the motion. The vote was unanimous. There was discussion regarding the refund of sales tax requested by the Comptroller's Office. Roger Unger is pursuing getting a more detailed explanation from the Comptroller's Office including whether interest was accrued. ADJOURN: Director Carter made a motion to adjourn at 8:02. Director Cotton seconded the motion. The vote was unanimous. Ja, es Hicks President 2/21/02 j I w ;> r, Carol Cotton Secretary