Minutes EDC 4B 10/08/2007MINUTES OF REGULAR SESSION
ECONOMIC DEVELOPMENT CORPORATION 4B
TOWN OF TROPHY CLUB
October 8, 2007
6:30 P.M,
STATE OF TEXAS
COUNTY OF DENTON
The Economic Development Corporation 413 of the Town of Trophy Club, Texas, met in a
Regular Session on October 8, 2007. The meeting was held within the boundaries of the
Town and was open to the public.
101 CC1*117-fl _: N4►ff.
James Hicks
President
Doyle Nicholson
Vice -President
Larry E. Crosser
Treasurer
Rebecca Shuman
Director
Glenn Strother
Director
Philip Sterling
Council Liaison
DIRECTORS ABSENT:
Damian Olthoff Secretary
STAFF AND GUEST(S) PRESENT:
Brandon Emmons Town Manager
Shannon DePrater Staff Liaison
REGULAR SESSION
Call to order and announce a quorum.
President Hicks, noting a quorum of EDC 4B, called the regular session to order at 6:35
p,m.
Town Manager Updates:
A. ICSC Conference
B. Buxton Report Update
Town Manager Emmons updated the Board and answered questions from the
Directors.
Discuss and provide input and/or direction for staff to move forward to prepare for the
December 17, 2007 Strategic Planning Session.
The Board discussed what they would like to see happen at the Strategic Planning
Session. The consensus was to use the December 17th meeting to evaluate the mission,
historical data, budget and comptroller's office document.
The questions that the Board would like to answer during this session include:
What is guiding the Board?
• Where does the Board currently stand?
• Where is the Board going?
• Does the Town have a list of future projects that they would EDC 46 to pay for?
• Exactly what projects is the Board allowed to pay for?
No action taken, input only.
B.1 Discuss and take appropriate action regarding the approval of September 10,
2007 Regular Session Minutes.
Director Strother made a motion to approve minutes as amended. Director Crosser
seconded; motion carried unanimously.
Amendments included:
• Change date of minutes to September 10, 2007
• Changing agenda item from August 13, 2007 minutes from one to five expired
seats on EDC 4B.
B.2 Other Business:
A. Arts Advisory Group Plan Update - Director Shuman
Director Shuman updated the Board on the Arts Advisory Group Action Plan progress.
B.3 Items for Future Agendas:
A. Strategic Planning Session - December 17, 2007
B. Incentives for Retailers - November 12, 2007
Shannon DePrater shared that Assistant Town Manager Stephen Seidel would like the
Board to consider incentives for retailers and bring their thoughts to the November
meeting. Mr. Seidel would like to be able to go to prospective developerslretallers with
a clear picture of what he can offer.
The Board discussed they are more comfortable with abatements and questioned the
legalities of incentives. Item will be brought forward for discussion at their November
meeting.
B.4 Next Meeting scheduled for November 12, 2007 at 6:30 p.m.
The Board set their next meeting for November 12, 2007 at 6:30 p.m.
C.1 Adjourn regular session.
Director Shuman made a motion to adjourn at 8:20 p.m. Director Strother seconded;
motion carried unanimously.
_r
Jim Hic s, President Damla thoff, Secreta
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