Minutes EDC 4B 06/12/2006MINUTES OF WORKSHOP/REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
JUNE 12, 2006
6:30 P.M.
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 June 12, 2006. The meeting was held within the boundaries of the Town and was open to the public.
DIRECTORS PRESENT:
James Hicks
Doyle Nicholson 7:25 p.m.
Damian Olthoff
Bill Devlin
Rebecca Shuman
Larry E. Crosser
DIRECTORS ABSENT:
STAFF AND GUEST (S) PRESENT.-
Roger
RESENT:Roger Unger
Renae Gonzales
Adam Adams
Nick Sanders
Steven Kohs
President
Vice -President
Secretary
Treasurer
Director
Director
Staff Liaison
Recording Clerk
Parks and Recreation Director
Mayor
Resident
WORKSHOP SESSION
1. Call to order and announce a quorum.
2. Discussion of regular agenda items.
3. Adjourn workshop session.
REGULAR SESSION
1. CALL TO ORDER AND ANNOUNCE A QUORUM.
President Hicks called the Workshop/Regular Session to order at 6:55 p.m., and announced that there
was a quorum.
2. DISCUSSION AND APPROPRIATE ACTION REGARDING 2006-07 PRELIMINARY
BUDGET:
Director Nicholson made a motion to accept the proposed budget. Director Devlin seconded. Motion
passed unanimously.
3. DISCUSSION AND APPROPRIATE ACTION REGARDING OPENING PUBLIC HEARING ON
EDC46 BUDGET:
Director Crosser made a motion to open the public hearing on the EDC4B budget. Director Devlin
seconded. Motioned passed unanimously.
ECONOMIC DEVELOPMENT CORPORATION 4B
JUNE 12, 2006
Page Two
4. DISCUSSION AND APPROPRIATE ACTION TO FUND AN AD IN THE HIGHWAY 114
CORRIDOR PULLOUT IN THE DALLAS BUSINESS JOURNAL AND AUTHORIZE THE
NECESSARY PUBLIC HEARING TO EXPEND APPROXIMATELY $6,150:
Director Crosser made a motion to approve the ad in the September 22, 2006 issue of the Dallas
Business Journal. Director Shuman seconded. Motion passed unanimously.
5. DISCUSSION AND APPROPRIATE ACTION REGARDING ADDING BRANDON EMMONS
TO NEW SIGNATURE CARDS AT FIRST FINANCIAL BANK AND TEXPOOL:
Director Devlin made a motion to add Brandon Emmons, new Town Manager, to the signature cards on
EDC413 accounts. Director Olthoff seconded. Motion passed unanimously.
6. DISCUSSION AND APPROPRIATE ACTION REGARDING EXPENDING OF FUNDS ON A
GRANT PROJECT, INCLUDING ASSOCIATED COSTS FOR MARSHALL CREEK PARK.
PRESENTATION BY ADAM ADAMS:
Parks Director, Adam Adams, asked EDC4B to contribute 20% of matching funds for a $210,000 grant.
This grant is to improve motorized trails, new directional signage, parking lots, youth trail, picnic tables
bike racks and demolish and replace restrooms to include showers,. EDC413 directors requested a
report from Adam Adams regarding revenue streams and return on the investment at the next meeting.
Directors also requested a tour of Marshall Creek Park at the next meeting to be held Tuesday, July 11,
2006. Director Shuman made a motion to table item until next meeting. Director Devlin seconded.
Motion passed unanimously.
7. PROJECT(S) UPDATES/STATUS AND ACTION ITEMS; FUNDING REQUESTS:
No action taken.
8. DISCUSSION AND APPROPRIATE ACTION REGARDING STRATEGIC PLANNING:
Director Shuman made a motion to table item until next meeting. Director Devlin seconded. Motion
passed unanimously.
9. DISCUSSION AND APPROPRIATE ACTION REGARDING APPROVAL OF APRIL AND MAY
2006 FINANCIAL STATEMENTS:
Director Shuman made a motion to accept the financial statements. Director Devlin seconded. Motion
passed unanimously.
10. DISCUSSION AND APPROPRIATE ACTION REGARDING APPROVAL OF MEETING
MINUTES:
Director Shuman made a motion to accept the meeting minutes as written. Director Crosser seconded.
Motion passed unanimously with Director Devlin abstaining.
11. OTHER BUSINESS:
The next meeting was scheduled for July 11, 2006 in the Public Services conference room at 6:30 p.m.
12. ADJOURN REGULAR SESSION:
Director Devlin made a motion to adjourn at 8:40 p.m. Director Crosser seconded. Motion passed
unanimously.
Jim Hicks Damian Olthoff