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EDC-4B - Minutes November 29, 2021TOWN OF TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION-413 (EDC-4B) November 29, 2021 Minutes The Trophy Club EDC-4B met on Monday, November 29, 2021. The meeting was held at Town Hall, 1 Trophy Wood Drive at 6 pm with the following present: MEMBERS: Michael Clarke Director Scott Haro Director Teri Addington Director Joseph Longo Director Michael Thomas Director MEMBERS ABSENT: Travis Inge Director John Mann Director STAFF PRESENT: Wade Carroll Town Manager David Dodd Town Attorney Mike Erwin Finance Manager PUBLIC COMMENTS No one attended to speak under Public Comments CALL TO ORDER Director Clarke called the meeting to order at 6:15 pm and noted a quorum was present. EXECUTIVE SESSION The EDC 4B recessed into Executive Session at 6:15 pm. 2. Pursuant to the following designated sections of the Texas Government Code, Annotated, Chapter 551 (Texas Open Meetings Act), the ED 4B will convene into executive session to discuss the following: Section S51.087 — Deliberate the Economic Development Negotiations regarding a commercial prospect within the Trophy Wood District - Potential Projects and Incentives RECONVENE INTO REGULAR SESSION The EDC 4B reconvened into Regular Session at 8:55 pm from Executive Session. Director Clarke moved to instruct Town Staff to negotiate a Memorandum of Understanding with conditions as discussed in Executive Session, and to start the process for a Feasibility Study, and to schedule a Joint Meeting with the Town Council. Director Addington seconded the motion. The motion carried as follows: AYE: Clarke, Addington, Longo, and Thomas NAY: Haro ABSENT: Inge, Mann 1. Take appropriate action to a pprove the minutes dated July 7, 2021. (L. Vacek) Director Longo moved to approve the minutes as submitted for July 7, 2021. Director Addington seconded the motion. The motion carried as follows: November 29, 2021 Page 1 of 2 AYE: Clarke, Haro, Addington, Longo, and Thomas NAY: None ABSENT: Inge, Mann ADJOURNMENT The meeting was adjourned by Director Clarke at 8:56 pm. Wade Carroll, Town Manager Town of Trophy Club Michael Clarke, Director EDC-4B November 29, 2021 Page 2 of 2