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Minutes EDC 4B 12/13/2004MINUTES OF WORKSHOP/REGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION 4B TOWN OF TROPHY CLUB DECEMBER 13, 2004 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 December 13, 2004. The meeting was held within the boundaries of the Town and was open to the public. DIRECTORS PRESENT James Hicks 'President Doyle Nicholson Vice -President Bill Devlin Treasurer Rebecca Shuman Director Tim Meredith Director DIRECTORS ABSENT.- Jenne BSENT:Jenne Allen Director Andy Hayes Secretary STAFF AND GUEST (S) PRESENT: Roger Unger Staff Liaison Sharon Huppert EDC Clerk WORKSHOP SESSION CALL TO ORDER AND ANNOUNCE A QUORUM. President Hicks called the meeting to order at 6:42 p.m., announced that there was a quorum, and proceeded to the Regular session_ REGULAR SESSION DEVELOPER'S REPORT: No developers were present. Roger Unger stated that David Cunningham has reportedly sold to Co America Bank property located at the southeast corner of Trophy Wood Drive. Roger further stated that homebuilders are discussing opening additional land with the Town and two other gas wells will be drilled within the near future. DISCUSSION AND APPROPRIATE ACTION FOR STRATEGIC PLANNING: Director Shuman reported the Board was awaiting a report from the Parks and Recreation Department. The Board requested that Adam Adams attend the next meeting to discuss and give a report on long-term planning for the Town's parks. Roger Unger suggested that a workshop with the Council and EDC A, EDC B, and the Ways and Means Committee should be scheduled to discuss future Capital Improvements. No action was taken. MINUTES OF WORKSHOP/REGULAR SESSION ECONOMIC DEVELOPMENT CORPORATION 4B DECEMBER 13, 2004 Page Two REVIEW AND APPROVE FINANCIAL REPORT: Treasurer Devlin made a motion to accept and approve the August, September, and October, 2004 financials. Director Shuman seconded the motion and it passed unanimously. OTHER BUSINESS: Director Shuman stated that the Board was awaiting an invitation to attend a meeting with the NISD Task Force. Roger Unger will investigate when the next meeting is scheduled and inform Director Shuman. A reception for the former long-term members will be held at the January meeting. ADJOURN: Treasurer Devlin made a motion to adjourn at 7:40 p.m. Director Nicholson seconded the motion and it passed unanimously. Jim f ks Andy Hayes President Secretary