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Minutes EDC 4B 01/24/2011MINUTES OF REGULAR SESSION FOR THE ECONOMIC DEVELOPMENT CORPORATION 413 BOARD LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS Monday, January 24, 2011 6:30 PM STATE OF TEXAS § COUNTY OF DENTON § The Economic Development Corporation 4B of the Town of Trophy Club, Texas, met in Regular Session on January 24, 2011. The meeting was held within the boundaries of the Town and was open to the public. EDC 4B DIRECTORS PRESENT: James Hicks President Dave Glaser Vice President Nick Sanders Director Rebecca Shuman Director Sean Weaver Director EDC 4B DIRECTORS ABSENT: Dean Murray Secretary/Treasurer Nicole Fontayne Director STAFF AND GUEST(S) PRESENT: Stephen Seidel Assistant Town Manager Shannon DePrater Town Secretary Glenn Strother Council Member Bill Rose Council Member Margi Cantrell Council Member Larry Hoover Council Member Call to order and announce a quorum. President Hicks, noting a quorum, called the regular session to order at 6:40 p.m. Council member Strother announced a quorum of Town Council. Citizen Presentations Citizens are allowed three (3) minutes to address the Board regarding an item over which the Board has policy or oversight authority as provided by Texas law, the ethics order, or other policy order. Jeanette Tiffany, 44 Cypress Court addressed the Board. REGULAR SESSION 1. Discuss and take appropriate action regarding a partnership with the Town of Westlake and City of Roanoke regarding contracting with SRA for a partnership to review Hwy 114 corridor enhancements. Assistant Town Manager Seidel addressed the Board and stated Town management met with the Town of Westlake and the City of Roanoke. The scope of the project consists of the master planning the beautification and enhancements along the Hwy 114 corridor. Primary design elements include items such as retaining walls, bridge improvements, landscaping, monument signage, and other site amenities. Seidel asked the Board for an expenditure of $5,000 from miscellaneous expense line to fund the Town's portion of the corridor enhancements project. Director Sanders motioned to approve the Scope of Services and to expense $5,000 from the EDC 46 miscellaneous expense line; Director Glaser seconded. Council member Strother asked for clarification that this does not tie the Town of Trophy Club into future projects and related costs. Seidel states that this does not obligate the Town. Motion failed 3-0; with Hicks, Glaser and Sanders voting for and Shuman abstaining. 2. Discuss and take appropriate action regarding Director training. - TEDC January 26, 2011 Webinar - Creating an Economic Development Plan for your Community - 2011 Economic Development Sales Tax Workshop - June 24, 2011 - Mesquite, Texas President Hicks and Director Shuman will attend the TEDC January 26, 2011 Webinar and staff will bring back the Economic Development Sales Tax Workshop at the next meeting. 3. Discuss and take appropriate action regarding registering for a booth at the 2011 Texas Deal Making ICSC Conference November 3-4,2011 in San Antonio. Director Sanders motioned to take appropriate action to register for a booth at the 2011 Texas Deal Making ICSC Conference; Director Glaser seconded. Motion carried unanimously. President Hicks recommended Community Development Director Carolyn Huggins be a part of the conference since she did such a great job at the 2010 Conference. 4. Receive Commercial Property update including current projects; discussion of same. Assistant Town Manager Seidel updated the board and answered questions. 5. Discuss and take appropriate action regarding the approval of the December 13, 2010 Regular Session Meeting Minutes. Director Sanders motioned to approve the December 13, 2010 Minutes as presented; Director Shuman seconded. Motion carried unanimously. EDC 4B January 24, 2011 Regular Session Minutes Page 2 of 3 C. Discuss and take appropriate action regarding the Monthly Financials Dated November 2010. Director Shuman motioned to approve the November 2010 as presented; Director Glaser seconded. Motion failed 3-1 with Directors Hicks, Shuman and Glaser voting for and Director Sanders voting against. Director Sanders made a motion to reconsider agenda item 1; Director Glaser seconded, motion carried unanimously. President Hicks moved back to agenda item 1 and called for a motion. Director Sanders moved to approve of the expenditure of $5,000 from Miscellaneous Projects; Director Glaser seconded; motion carried unanimously. Assistant Town Manager Seidel stated he will try to schedule a presentation for the corridor project. 7. Future Agenda Items. Director Shuman asked that a report on the Creating an Economic Development Plan for your Community Webinar be added to the next agenda. Director Sanders asked for a report on cost for TxDOT signage. Director Shuman asked for a Parks and Recreation Board update. The annual Parks and Recreation Update to the Town Council is scheduled for February, Staff has asked that this item be placed on the agenda in March. 8. Next meeting date: February 14, 2011. President Hicks announced February 14, 2011 as the next meeting date. Adjourn Director Shuman motioned to adjourn at 7:40 p.m.; Director Sanders seconded. Motion carried unanimously. ai�1- meicks, President Dean Murray, Treasurer/Secretary EDC 4B January 24, 2011 Regular Session Minutes Page 3 of 3