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Minutes EDC 4B 08/22/2012MINUTES OF REGULAR SESSION FOR THE ECONOMIC DEVELOPMENT CORPORATION 4B BOARD LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS Wednesday, August 22, 2012 6:30 PM STATE OF TEXAS§ COUNTY OF DENTON§ The Economic Development Corporation 413 of the Town of Trophy Club, Texas, met in Regular Session on August 22, 2012. The meeting was held within the boundaries of the Town and was open to the public. EDC 413 DIRECTORS PRESENT: James Hicks, President Rebecca Shuman, Vice President (arrived at 7:19 p.m.) Dean Murray, Secretary Sean Weaver, Director Larry Mundy, Director Randall Conn, Director STAFF AND GUEST(S) PRESENT: Mike Siye, Town Manager April Reiling, PIOIMarketing Manager Call to order and announce a quorum. President James Hicks, noting a quorum, called the regular session to order a- 6:45 p.m. 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, of other policy order PUBLIC HEARING 1.Public Hearing considering the expenditure of funds for the FY 2012-2013 budget. President Hicks opened the public hearing at 6:47. No public comment made. The public hearing closed at 6:46 p.m. REGULAR SESSION 2.13oard interviews. Shirlee Geer— Interviewed at 6:49 p.m. David Brod — Interviewed at 7:05 p.m. Doyle Anderson — Interviewed at 7:.39 p.m. 3.Discuss and take appropriate action regarding a recommendation to Town Council for EDC 4B board positions. The board discussed the applicants and qualifications. dice President Dean Murray made a motion (slate vote) to recommend President Hicks and Director Sean Weaver for two open seats on the EDC 4B Board to the Town Council. Motion seconded by Larry Mundy. Motion passed unanimously. Director Rebecca Shuman made a motion to recommend David Brod for the third EDC 4B Board position to the Town Council. Motion seconded by Director Weaver. Motion passed unanimously. Director Randall Conn made a motion to recommend Shirlee Geer as the primary alternate and Larry Hoover as the secondary alternate for recommendation to the EDC 4B Board. Director Larry Mundy seconded. Motion passed unanimously, 4.Discuss and take appropriate action regarding FY 2012-2013 budget. Town Manager Slye updated the board regarding the changes in the proposed budget. Director Mundy moved to adopt the budget as presented. The motion was seconded by Secretary Murray. Motion passed unanimously. 5. Assistant Town Manager update: - ICSC - Shops at Trophy Club - Trophy Wood - Plaza - Logo/Website Town Manager Slye provided an update and answered questions from the board. 6. Adjourn. Adjourned at 8:45 p.m. Director Weaver made a motion to adjourn. Director Shuman seconded. Motion passed unanimously. T711 Ja s-Bkks, President Dean Murray, 'treasurer/Secretary