EDC Minutes 07/11/2023 Town of Trophy Club
Economic Development Corporation-4B
Tuesday, July 11, 2023; 7:00 PM
The Town of Trophy Club Economic Development Corporation-4B Board met in a Special Meeting on
Tuesday, July 11, 2023. The meeting was held at Town Hall, 1 Trophy Wood Dr, Trophy Club, TX 76262.
EDC-4B MEMBERS PRESENT:
Travis Inge Vice-Chair
Teri Addington Director
Andrew Borgan Director
Michael Clarke Director
John Mann Director
Joseph Longo Director
EDC-4B MEMBERS ABSENT:
Scott Haro Chair
STAFF PRESENT:
Patrick Arata Interim Town Manager
Terri Johnson Interim Town Secretary
Tamara Smith Assistant to Town Manager
Matt Cox Community Development Director
Ernest Gillespie Senior Accountant
CALL TO ORDER AND ANNOUNCE A QUORUM
Economic Development Corporation 4B Chair Scott Haro was absent and Vice Chair Travis Inge
presided over the meeting. He called the meeting to order at 7:00 pm and announced a quorum
present.
PUBLIC COMMENTS
Mayor Jeannette Tiffany was present and addressed the EDC-4B Board. She expressed the
Town's appreciation for their volunteering for the Economic Development Corporation — 4B
Board of Directors. She also expressed thanks to Town Staff for their support of this Board.
CONSENT AGENDA
1. Consider and take appropriate action to approve the EDC-4B meeting minutes dated
March 28, 2023
A motion was made by Board Member Teri Addington to approve the meeting minutes from
March 28, 2023. The motion was seconded by John Mann. The motion passed unanimously.
REGULAR SESSION
2. Consider and take appropriate action to approve the Fiscal Year 2023-2024 Budget
Interim Town Manager Patrick Arata reviewed the proposed budget for FY 2023-2024 and
stated that the proposal included $300,000 for a grant program.
Vice Chair Inge suggested moving to Item #3 before acting on the proposed budget.
3. Discuss and consider a grant program
Arata explained a possible grant program that could assist established businesses with
matching funds for improvements. He suggested that businesses might be categorized
according to the years in existence, i.e. 20 years, 10 years, 5 years.
Possible facade grants were discussed with Community Development Director Matt Cox
explaining a program he helped get started in a neighboring community.
After discussion by the Board, it was agreed that a grant program should be developed
and brought back to the EDC-4B Board for approval.
At this time, Vice Chair Inge re-introduced Item #2 for action.
2. Consider and take appropriate action to approve the Fiscal Year 2023-2024 Budget
Board Member Joseph Longo made the motion to approve the proposed Fiscal Year 2023-
2024 Budget as presented. The motion was seconded by Board Member Michael Clarke
and carried with a unanimous vote.
Vice Chair Inge recessed the EDC-4B Board meeting at 7:20 pm in order to go into Executive
Session.
EXECUTIVE SESSION
Vice Chair Inge announced that EDC-4B Board would be convening into executive session at 7:21
pm.
3. Pursuant to the following designated section of the Texas Governmental Code,
Annotated, Chapter 551, the EDC 4B will recess into executive session to discuss the
following:
a. Section 551.087 Deliberate Economic Development Negotiations regarding a
commercial prospect within the Town of Trophy Club
b. Section 551.071 Attorney-Client Privilege - Consultation with Town Attorney
regarding a real estate and economic development opportunity.
RECONVENE INTO REGULAR SESSION
The EDC-4B Board reconvened into regular session at 8:14 pm. It was announced that Town
Staff was directed to proceed with negotiations regarding a commercial prospect within the
Town of Trophy Club.
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ADJOURN
With no further business at hand, the meeting was adjourned by Vice Chair Inge at 8:14 pm.
Attest:
iD Vr
EDC 4 Secretary B President
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