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Minutes EDC 4B 05/12/2003MINUTES OF WORKSHOP/REGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION 4B TOWN OF TROPHY CLUB May 12, 2003 STATE OF TEXAS COUNTY OF DENTON The Economic Development Corporation 413 of the Town of Trophy Club, Texas, met in a Workshop/Regular Session on May 12, 2003. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT James Hicks President Pam Cates Director Doyle Nicholson Director John Carter Treasurer Andy Hayes Secretary DIRECTORS ABSENT: Terry Christlieb Director Jonathan Witherspoon Vice -President STAFF AND GUEST (S) PRESENT: Roger Unger Staff Liaison WORKSHOP SESSION CALL TO ORDER AND ANNOUNCE A QUORUM. President Hicks called the meeting to order at 6:50 p.m., announced that there was a quorum, and proceeded to the Regular session. REGULAR SESSION DEVELOPER'S REPORT. There were no developers present. DISCUSSION AND APPROPRIATE ACTION FOR DEVELOPING FACT SHEET. This agenda item was tabled until the next meeting. DISCUSSION OF FISCAL YEAR 03-04 BUDGET. This agenda item was tabled until the next meeting. REVIEW AND APPROVE MINUTES. Director Hayes made a motion to adopt the March 10, 2003 minutes. Director Carter seconded the motion. The motion passed unanimously. REVIEW AND APPROVE FINANCIAL REPORT: Director Carter made a motion to approve the March and April 2003 financial statements. Director Cates seconded the motion and the motion passed unanimously. OTHER BUSINESS. There was a discussion of the progress of the Local Option Election. EOCBMay 12'2UU3Meeting Minutes ADJOURN. Oix*okor Carter made a motion to adjourn at 7:57 p.m. President Hicks seconded the motion and dpassed unanimously. . President ` Andy Hayes Secretary