EDC-4B Minutes - April 12, 2021 TOWN OF TROPHY CLUB
ECONOMIC DEVELOPMENT CORPORATION-4B(EDC-46)
April 12,2021 Minutes
The Trophy Club EDC-413 met on Monday,April 12,2021 at Town Hall, 1 Trophy Wood Drive with the following
present:
EDC-413 MEMBERS:
Michael Richmond President
Chris Whipple Secretary/Treasurer
Michael Clarke Director
Travis Inge Director
Scott Haro Director(entered the meeting when recessed)
ABSENT:
Cory McDonald Director
TOWN COUNCIL MEMBERS PRESENT:
Alicia L. Fleury Mayor
Greg Lamont Mayor Pro Tem, Place 1
STAFF PRESENT:
Steve Norwood Town Manager
Leticia Vacek Town Secretary/RMO
David Dodd Town Attorney
ALSO PRESENT:
Kevin von Ehrenfried Restaurant Operator
CALL TO ORDER AND ANNOUCE A QUORUM
President Richmond called the meeting to order and noted a quorum of the EDC-46 Directors were present.
PUBLIC COMMENT
President Richmond asked if there were citizens that had registered to speak. Town Secretary Vacek confirmed that
none had registered.
1. Take appropriate action regarding the minutes of March 23,2021.(L.Vacek)
Director Inge moved to approve the minutes of March 23, 2021 as submitted. Director Whipple seconded the
motion. The motion carried unanimously as follows:
AYE: Richmond,Whipple,Clarke,and Inge.
ABSENT: McDonald,Haro
EXECUTIVE SESSION
2. Pursuant to the following designated section of the Texas Government Code,Annotated,Chapter 551(Texas
Open Meetings Act);the EDC 4B will recess into executive session to discuss the following:
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a) Section 551.087 Economic Development—Discussion of an Economic Development Agreement for a Loan
and Grant with Trophy Table Restaurant to be located at 3000 TX-114,Trophy Club,Texas(S.Norwood)
President Richmond recessed the meeting at 5:14 pm into executive session to address the foregoing item.
RECONVENE INTO REGULAR SESSION
President Richmond reconvened the meeting at 5:38 pm from executive session.
Director Inge moved to recommend the approval of an EDC-413 Grant of$100,000 and a Repayable Loan Agreement
of up to$200,000 to Trophy Table Restaurant with the addition and attachment of the Loan Amortization Schedule,
subject to approval by Town Council. Director Haro seconded the motion. The motion carried as follows:
AYE: Richmond,Whipple, Inge, and Haro
NAY: Clarke
ABSENT: McDonald
ADJOURNMENT
President Richmond ad'ourned the meeting at 5:39 pm.
J
Le cia Vacek,TRMC/CMC/MMC Michael Richmond, EDC-413 President
Town Secretary/RMO Town of Trophy Club,Texas
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