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10.24.2024 EDC Agenda Packet TOWN OF TROPHY CLUB MEETING AGENDA ECONOMIC DEVELOPMENT CORPORATION 1 Trophy Wood Drive Trophy Club, Texas 76262 October 24, 2024 6:00 PM Council Chambers CALL TO ORDER AND ANNOUNCE A QUORUM PUBLIC COMMENT(S) This is an opportunity for citizens to address the Board/Commission on any matter pursuant to Texas Government Code Sec. 551.007. The Board/Commission is not permitted to discuss or take action on any presentations made concerning matters that are not listed on the agenda. Presentations are limited to matters over which the Board/Commission has authority. Speakers have up to three (3) minutes or the time limit determined by the Presiding Officer. Each speaker must have submitted their request to speak by completing the Speaker’s Form or may email tdixon@trophyclub.org REGULAR ITEMS 1. Board Training (Brandon Wright, Town Manager, and Tammy Dixon, Town Secretary) 1. Introduction of Members 2. Board Training and Economic Development Corporation Board's Roles and Responsibilities. 2. Discuss and consider the appointment of an EDC Board president, vice president, secretary, treasurer, and assistant secretary. 3. Consider approval of the September 19, 2024, Economic Development Corporation Regular Meeting Minutes. 4. Discuss updates from the small area plan meetings held on October 1, 2024, and October 15, 2024. 5. Discuss updates of the Thrive Business Grant Program. ADJOURN The Board/Commission may convene into executive session to discuss posted items as allowed by Texas Government Code Sections 551.071 through 551.076 and Section 551.087. Page 1 of 68 Notice is hereby given that a quorum of the Town of Trophy Club Town Council may be in attendance at this meeting. The Town Council will not deliberate or take any action. CERTIFICATION I do hereby certify that the Notice of Meeting was posted on the bulletin board at the Town Hall for the Town of Trophy Club, Texas, in a place convenient and readily accessible to the general public at all times on the following date and time: October 18, 2024 at 9:00 a.m., and said Notice of Meeting was also posted concurrently on the Town’s website in accordance with Texas Government Code Ch. 551 at least 72 hours prior to the scheduled time of said meeting. /s/ Tammy Dixon Tammy Dixon, Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at 6822372900, 48 hours in advance, and reasonable accommodations will be made to assist you. Page 2 of 68 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: October 24, 2024 FROM: Brandon Wright, Town Manager AGENDA ITEM: Board Training (Brandon Wright, Town Manager, and Tammy Dixon, Town Secretary) 1. Introduction of Members 2. Board Training and Economic Development Corporation Board's Roles and Responsibilities. BACKGROUND/SUMMARY: The mission of the Trophy Club Economic Development Corporation (EDC) is to promote economic development within the Town and the State of Texas in order to eliminate unemployment and underemployment, and to promote and encourage employment and the public welfare of, for, and on behalf of the town by undertaking, developing, providing, and financing projects under the Economic Development Act and as defined in Section 4B of the Act. The EDC is responsible for designing a strategy each year for the expenditure of the 1/2 cent sales and use tax receipts received by Trophy Club. These funds may be used for the purposes defined in the Development Corporation Act. The Texas Comptroller provides a few Economic Development Corporations webinars at the web addresses below. Economic Development Corporation (EDCs) Webinar: https://youtu.be/HPgZEfb5RGw Economic Development Sales Tax Video Tutorial: https://youtu.be/xm54VPIc-Qs BOARD REVIEW/CITIZEN FEEDBACK: N/A FISCAL IMPACT: N/A LEGAL REVIEW: N/A ATTACHMENTS: 1. TC Board Training 2024 EDC ACTIONS/OPTIONS: This agenda item is being presented for discussion purposes only. No action will be taken by the Economic Development Corporation Board. Page 3 of 68 Board & Commission Orientation/Training FY 2024-2025 Page 4 of 68 Purpose/Overview To provide new and existing members with information to help them perform professionally and effectively. ✓Roles ✓Meetings/Agendas ✓Rules/Parliamentary Procedures ✓Attendance ✓Conflict of Interest General Session Topics to be Covered: (Some information may not be applicable to the board you serve on) ✓External Training ✓Town Email ✓Boards & Commissions Manual ✓Questions Page 5 of 68 Roles Staff Liaison ✓Town Manager assigns staff liaisons ✓Board Members may not direct or manage staff ✓Prepare and distribute meeting calendars, agendas, etc. ✓Ensure board activities adhere to Texas Open Meetings Act. ✓Support staff takes meeting minutes ✓Boards may request staff assistance, but significant work must be approved by the Town Manager Page 6 of 68 Roles Chair/Vice Chair ✓The Town Council appoints chair and in some instances vice chair for certain boards. ✓All other chair/vice chair elected by the board. ✓Appointed/Elected each October for one year. ✓Chair presides over meetings and may vote. ✓Vice Chair presides in the absence of chair. ✓If both Chair and Vice Chair are absent, the board shall appoint one of its members to act as the presiding officer. Page 7 of 68 Roles Alternates ✓Alternates serve as voting members when a regular member is absent. ✓The selection of an alternate is based on their place number. ✓If alternate member #1 is unable to serve, alternate member #2 will take their place, and so on. Page 8 of 68 Roles ✓Representation ✓Avoidance of Contacts & Individual Discussions ✓Authority of Board Members Responsibilities Page 9 of 68 Roles ✓Be prepared ✓Ask Questions ✓Know the law ✓Maintain focus ✓Be courteous ✓Be punctual ✓Active participation ✓Watch/Listen Being an Effective Board Member Page 10 of 68 Meetings/Agendas •Meeting: The Texas Open Meetings act defines a “meeting” as any deliberation between a quorum of members of a governmental body at which any public business or public policy is discussed. •Notice of Meeting •Notice of each meeting must be posted 72 hours prior to the meeting. •Each agenda must state time, place and provide “full and adequate notice” of the subjects to be considered •Agenda •Call to Order •Public Comment (required on all agendas) •Law only allows Board to make a factual comment, recite an existing policy, or advise that subject will be placed on agenda at a later date. Page 11 of 68 Meetings/Agendas •Regular Items •Executive Session •All boards, commissions, committees and corporations must consult with the Town Attorney’s Office prior to scheduling a closed session. •Closed meetings are authorized under the Texas Open Meetings Act only under certain cases •Adjourn Page 12 of 68 Rules/ Parliamentary Procedure Point of privilegeParliamentary Procedure is a set of rules for conduct at meetings, that allows everyone to be heard & to make decisions without confusion. The Town uses Robert’s Rules as a “guide”. Page 13 of 68 Attendance Your attendance at meetings is very important and is documented by your staff liaison. A report is provided to Town Council during the annual appointment/ reappointment process for review & consideration. Applicable to all members – regular or alternate positions. Page 14 of 68 Conflict of Interest Members must carefully review the City Code of Ethics upon appointment. If a Member has a conflict of interest regarding any item that is presented or required to be presented to the body for discussion or approval, the Member must (1)file a written statement to disclose the conflict of interest to the Chair and remaining Members; (2)abstain from any discussion on the matter with City staff or any other Members; and (3)recuse themselves from the meeting when the item is being discussed or considered by the body Page 15 of 68 External Training Opportunities Periodically, and if funds are available in the budget, the staff liaison and/or the Town Secretary’s Office will make you aware of local training opportunities that would be beneficial in your role as a board member that you may want to take advantage of. Page 16 of 68 Media Relations & Social Media Postings Word of Caution: Be cautious when communicating with the media or posting information on social media sites using your title so it doesn’t give the impression you are making a statement or opinion that is representative of the entire board or commission you serve on. Page 17 of 68 All board members receive a town e-mail. •Use of Town Email for Official Business •Compliance with Texas Public Information Act. •Texas Open Meetings Act Considerations •Requests for Information Town Email Page 18 of 68 A new manual has been drafted and will be distributed to each board member following Town Council approval. BOARD & COMMISSION MANUAL Page 19 of 68 Questions Page 20 of 68 Economic Development Corporation Page 21 of 68 General Roles and Responsibilities Page 22 of 68 General Roles and Responsibilities of EDC •EDC is appointed by the Town Council. •EDC Board members serve 2-year staggered terms. •EDC acts in an advisory capacity to the Town Council. •EDC’s purpose is laid out in the Bylaws and is to promote economic development within the Town to eliminate unemployment and underemployment. •The EDC budget is developed at least 90 days before the commencement of each fiscal year the Board adopts a proposed budget. The budget is not effective until it has been approved by the Town Council. •EDC is a nonprofit development corporation created to finance new and expanded business enterprises. Page 23 of 68 General Roles and Responsibilities of EDC •The Town allocates 1/2 cent of sales and use tax to EDC. (+/-$750,000 annually) •EDC projects must be approved by the Council before starting. •EDC Type B corporations may pay for land, buildings, equipment, facilities, targeted infrastructure, and improvements. •EDC Type B corporations created by cities with a population of 20,000 or less and those classified as landlocked communities may use sales tax revenue to fund projects that promote new or expanded business development that do not create or retain primary jobs. Page 24 of 68 General Roles and Responsibilities of EDC •Type B Projects •Development, retention, or expansion of •Manufacturing and industrial facilities •Research and development facilities •Military facilities •Recycling facilities •Distribution centers •Small warehouse facilities •Primary job training facilities for use by institutions of higher education •Regional or national corporate headquarters facilities Page 25 of 68 General Roles and Responsibilities of EDC •Type B Projects •Infrastructure improvements that promote or develop business enterprises •Maintenance and operating costs associated with projects and job training •Quality of life improvement projects •Professional and amateur sports and athletics facilities •Tourism and entertainment facilities •Parking and transportation facilities •Promotional expenses (10% max). Must advertise or publicize the city for the purpose of developing new and expanded business enterprises. Page 26 of 68 General Roles and Responsibilities of EDC •Type B Projects •A Type B corporation in a city with a population of 20,000 or less may provide land, building, equipment, facilities, expenditures, targeted infrastructure, and improvements found by the board of directors to promote new or expanded business development provided that, for projects which require an expenditure of more than $10,000, the city council adopts a resolution authorizing the project after giving the resolution at least two (2) separate readings. •Must “publish” the project at least 60 days prior to undertaking a project. Page 27 of 68 General Roles and Responsibilities of EDC •President •Chief executive officer of the corporation. Subject to the authority of the Board, the President is in charge of the properties and affairs of the corporation, presides at Board Meetings, and signs and executes documents. •Vice President •Power and duties prescribed by the Board and exercise the powers of the President during that officer’s absence or inability to act. Page 28 of 68 General Roles and Responsibilities of EDC •Treasurer •Responsibility for all funds and securities of the corporation. Endorse and sign for collection or issuance, checks, and other bank obligations. See to the entry of full and accurate accounts of all monies received and paid on behalf of the corporation. •Secretary •Keep minutes of Board Meetings. Give and serve all notices. Sign with the President in the name of the corporation, and/or attest to the signature of the President. Charge of corporate books, records, documents, and instruments. Page 29 of 68 General Roles and Responsibilities of EDC •What are the responsibilities of a Board Member? •If directed by the Town Council, research, develop, prepare, finance, and implement a recreational facilities development plan. •Exercise all rights and powers granted under the “Act” with the objective and for the purpose of developing and diversifying the economy of the State of Texas and the Town, eliminating unemployment and underemployment, and expanding commerce within the State. •Submit reports to the Town Council with the status of its activities with respect to each project undertaken by the Corporation. •Adopt a proposed budget at least 90 days prior to the start of each fiscal year. Page 30 of 68 General Roles and Responsibilities of EDC •What are the responsibilities of a Board Member? •Brandon’s Version…. •Utilize the sales tax dedicated by Trophy Club citizens to fund projects that will promote new or expanded businesses in Trophy Club. •Set vision for what the desired amount of new or expanded business in Trophy Club needs to be. •Identify projects that will promote a “sense of place” where businesses can be successful. •Develop and fund plans that create a clear picture of public sector investments and entitlements that help existing business owners and new developers lower/eliminate risk when investing in Trophy Club. Page 31 of 68 General Roles and Responsibilities of EDC •Avoiding common mistakes •The Town and EDC do not decide which companies open business in Trophy Club. •So long as the use is allowed by zoning, any company with that use is allowed by right to locate there. •The power and authority of Trophy Club’s Economic Development Corporation rests with the Board acting as a body. •No individual member of the Board has any authority. •Businesses want to see structure and commitment to feel comfortable investing in a particular location. How do they fit into the larger picture? •A shot-gun approach to asking businesses to come is not very effective. •EDC’s role is to “set the table.” •Business capital investment planning and funding is often being developed for the next 1-3 year time horizon. •Economic development is about being consistent with a transparent, long-term strategy. Page 32 of 68 Town Council Business Plan Goal #6 Page 33 of 68 FY 2025 Business Plan Page 34 of 68 FY 2025-2030 Strategic Plan •Available Online: Strategic Plan 2025 - 2029 | Trophy Club, TX •Other Identified Initiatives: •Collaborate with the EDC to promote state-compliant incentive programs for commercial projects and establish clear business area standards. (FY 2026) •Prioritize and enhance business code enforcement programs for commercial areas. (FY 2026) •Review business policies on renovation, signage, parking, and drainage to bolster business support. (FY 2026-FY 2027) •Incorporate commercial areas into the wayfinding and signage plan. (FY 2025) •Reevaluate the Explore Trophy Club program for potential enhancements and recommendations. (FY 2025) •Identify local business groups and explore shared goals between the Town and businesses. (FY 2027) Page 35 of 68 THANK YOU! Page 36 of 68 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: October 24, 2024 FROM: Brandon Wright, Town Manager AGENDA ITEM: Discuss and consider the appointment of an EDC Board president, vice president, secretary, treasurer, and assistant secretary. BACKGROUND/SUMMARY: According to Article III, Section 1 of the Bylaws of the Trophy Club Economic Development Corporation, "The Officers of the Corporation shall be a president, vice president, and secretary and a treasurer, and such other officers as the Board may, from time to time, elect or appoint." Section 6, which pertains to the naming of Board members, specifies: "The president, each vice president, and the secretary shall be named from among the members of the Board. The treasurer and any assistant secretaries may, at the option of the Board, be persons other than members of the Board, but they may be employees of the Town." The EDC 4B meeting scheduled for October 24, 2024, marks the inaugural gathering following the Council's appointment of the new board members. During this meeting, the board will take on the task of selecting a board member to serve as the president, vice-president, treasurer, secretary, and assistant secretary for the term spanning from October 1, 2024, to September 30, 2025. BOARD REVIEW/CITIZEN FEEDBACK: N/A FISCAL IMPACT: N/A LEGAL REVIEW: N/A ATTACHMENTS: 1. EDC Incorporation ACTIONS/OPTIONS: Appoint an EDC Board president, vice president, and secretary from among the Board members. Additionally, staff recommends the Board nominate the Town Manager and/or his designee as Treasurer and nominate the Town Secretary and/or her designee as Assistant Secretary. Page 37 of 68 Page 38 of 68 Page 39 of 68 Page 40 of 68 Page 41 of 68 Page 42 of 68 Page 43 of 68 Page 44 of 68 Page 45 of 68 Page 46 of 68 Page 47 of 68 Page 48 of 68 Page 49 of 68 Page 50 of 68 Page 51 of 68 Page 52 of 68 Page 53 of 68 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: October 24, 2024 FROM: Tammy Dixon, Town Secretary AGENDA ITEM: Consider approval of the September 19, 2024, Economic Development Corporation Regular Meeting Minutes. BACKGROUND/SUMMARY: The Economic Development Corporation held a regular meeting on September 19, 2024. BOARD REVIEW/CITIZEN FEEDBACK: N/A FISCAL IMPACT: N/A LEGAL REVIEW: N/A ATTACHMENTS: 1. 09.19.2024 EDC draft minutes ACTIONS/OPTIONS: Move to approve the September 19, 2024, Economic Development Corporation Regular Meeting Minutes. Page 54 of 68 Town of Trophy Club Economic Development Corporation Meeting Minutes September 19, 2024, 5:30 p.m., Regular Meeting 1 Trophy Wood Drive, Trophy Club, Texas 76262 CALL TO ORDER President Mann called the meeting to order at 6:15 p.m. EDC BOARD MEMBERS PRESENT John Mann, President Teri Addington, Vice President John Rybeck, Secretary Scott Hinshaw EDC DIRECTORS ABSENT Andrew Borgan Joseph Longo James Calaway STAFF PRESENT Brandon Wright, Town Manager Tamara Smith, Assistant to the Town Manager April Duvall, Director of Finance Matt Cox, Director of Community Development Tammy Dixon, Town Secretary PUBLIC COMMENTS There were none. REGULAR ITEMS 1. Consider approval of the August 22, 2024, Economic Development Corporation Meeting Minutes. Vice President Addington moved to approve the August 22, 2024, meeting minutes. Director Rybeck seconded the motion. VOTE ON THE MOTION AYES: Rybeck, Addington, Mann, Hinshaw NAYES: None ABSENT: Borgan, Longo, Calaway VOTE: 4-0-3 Page 55 of 68 EDC Meeting Minutes – September 19, 2024 Page 2 2. Discuss updates from the small area plan meetings held on August 20, 2024, and September 3, 2024. Secretary Rybeck reported that the committee has held productive meetings with HD Supply, the Vineyards, Indian Creek Townhomes, Hampton Inn, and Homewood Suites. Businesses raised concerns about the negative impact of the ongoing Highway 114 construction and emphasized the need for attractions to draw more visitors to the area. To engage stakeholders, signage with QR codes could be placed around voting locations during early voting, with the possibility of staffing a station on Election Day to promote the Q&A session. Additionally, marketing videos and promotional content are being developed to further encourage stakeholder participation. Meetings with Baylor Scott & White are scheduled, and video development is nearly complete, with a preview expected at the next subcommittee meeting. The market study by Catalyst Commercial is expected to be completed by mid-October, with results potentially presented to the board in November. Interviews and community engagement are ongoing, with the drawing phase expected to begin in mid-November to outline potential development ideas. Questions were asked and answered by board members during the report. 3. Discuss updates of the Thrive Business Grant. Tamara Smith, Assistant to the Town Manager, provided an update on the Thrive Business Grant Program. She reported that six applications were received, though one has since withdrawn. Ms. Smith is following up to determine whether the withdrawal was due to capacity issues or other concerns. She noted that nearly all commercial walks have been completed, with only one remaining. To give businesses more time to apply, Ms. Smith proposed extending the application deadline into October. Additionally, she suggested hosting an open house or meeting next year to provide businesses with information earlier in the process. Ms. Smith also explained that some businesses were encountering difficulties in submitting completed applications due to challenges in obtaining quotes, with only two applications currently complete. The review process is expected to take 60 days, potentia lly extending into November or December. She outlined how the application review process would be conducted prior to full Board consideration. Board members asked questions about the deadline extension, budget considerations, and the application process, which Ms. Smith addressed. The Board agreed to extend the deadline without requiring an official vote. Ms. Smith will provide another update nex t month. ADOURN President Mann adjourned the meeting at 6:31 p.m. Page 56 of 68 EDC Meeting Minutes – September 19, 2024 Page 3 _____________________________ John Mann, President ____________________________ John Rybeck, Secretary Page 57 of 68 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: October 24, 2024 FROM: Brandon Wright, Town Manager AGENDA ITEM: Discuss updates from the small area plan meetings held on October 1, 2024, and October 15, 2024. BACKGROUND/SUMMARY: The Economic Development Corporation (EDC) is undertaking a comprehensive small area plan for properties adjacent to State Highway 114 Frontage Road and Trophy Wood Drive. The aim is to redefine the property layout with a focus on various priorities, including enhancing economic resilience, fostering service-based employment, improving overall quality of life, promoting sustainability, enhancing pedestrian safety and walkability, facilitating future development, and addressing area parking needs. In May 2024, the EDC and Town Council both approved a professional services contract with McAdams to undertake the small area plan process. The kick-off meeting was conducted on July 8, 2024. Meetings are anticipated to be conducted every two weeks, and minutes will be made available for the EDC to review and discuss during future meetings. The meeting minutes from October 1, 2024, and October 15, 2024, are attached for informational purposes. BOARD REVIEW/CITIZEN FEEDBACK: N/A FISCAL IMPACT: The total amount for the Small Area Plan is $89,437, which will be expended from the Economic Development Corporation Fund. LEGAL REVIEW: N/A ATTACHMENTS: 1. Meeting Minutes for October 1, 2024 2. Meeting Minutes for October 15, 2024 3. Small Area Plan Schedule ACTIONS/OPTIONS: This agenda item is being presented for discussion and feedback purposes only. No action will be taken by the Economic Development Corporation Board for this agenda item. Page 58 of 68 PROJECT STATUS MEETING > TROPHY CLUB SMALL AREA PLAN 4400 State Hwy 121, Suite 800, Lewisville, TX 75056 / 972. 436. 9712 creating experiences through experience MEETING DATE: 10/01/2024 ATTENDEES: TOWN STAFF > Tamara Smith > Brandon Wright > Joseph Longo > John Ryback > Matt Cox > April Duvall > James Calaway > Kelly Martinez DESIGN TEAM > Jameson Pinson > Randi Rivera > Marisa Brewer SUBCONSULTANTS > Chris Branham > Jason Claunch AGENDA: 1. UPDATE ON ACTION ITEMS ACTION ITEMS – TOWN OF TROPHY CLUB ITEM STATUS COMMENTS Coord availability of stakeholders for meeting Nearly Complete Tamara visiting businesses that have not responded. Determine Online Engagement Survey Timing In Progress Oct. 21st – marketing begins Nov. 5th – hard launch – survey goes live Nov. 18th - In person engagement target Marketing Video In Progress Add details of survey and open house event Review style guide and authorize McA In Progress New Items Determine dates for completing 114 In Progress ACTION ITEMS – MCADAMS Page 59 of 68 PROJECT STATUS MEETING > TROPHY CLUB SMALL AREA PLAN 4400 State Hwy 121, Suite 800, Lewisville, TX 75056 / 972. 436. 9712 creating experiences through experience Prepare stations for Open House In Progress Send content and questions for survey by 10/21 New Items ACTION ITEMS – CATALYST Draft Market Study In Progress Will update draft once do programming. New Items 3. STAKEHOLDER AND PUBLIC ENGAGEMENT SITE MAPS • Existing Land Use • Property Owner ID Map • Mobility Map • Site Constraints Map • Base Map 4. COMMUNITY ENGAGEMENT STRATEGY a. Date – Team agreed on 11/18 as target date for open house meeting. Offer two sessions: 1) 12-2pm and 2) 6-8pm b. In-Person Open House with Input Boards c. Online Input – TC determine Survey Monkey is preferred platform. i. Input boards for online input ii. Host on town’s website, social media, and council pages and news letter. Potential intro video. 2 min. iii. Open online survey first. Hold in-person session afterwards. iv. Length of time 1. May start during early voting (oct. 21) – board for advertising on site during early voting. 2. Town Secretary has an e-mail in to election board to see if informational boards can be set up during early voting. 3. 11/5/24 Survey goes live – stays up through 11/19. d. McA to send maps to Jill to use on website. Doing 2 videos. i. Drone, lifestyle shots (representative of where we want to take it). Getting quote by 9/3. 5. STAKEHOLDER FEEDBACK Meetings Held: Page 60 of 68 PROJECT STATUS MEETING > TROPHY CLUB SMALL AREA PLAN 4400 State Hwy 121, Suite 800, Lewisville, TX 75056 / 972. 436. 9712 creating experiences through experience 1 9/9/24 Hampton Inn Raj Chudasama 2 9/10/24 Homewood Suites Erin Jamieson 3 9/17/24 HG Supply Leiland Harte 4 9/19/24 Indian Creek Townhomes David Hudnow 5 9/19/24 Dr. Crumpton Dr. Crumpton 6 9/20/24 Baylor Scott and White Brandon Bays 7 9/25/24 The Vineyards Doug Sharp Still need to hear from Hutchins, Woodsprings, and Holiday Inn. Brandon wants to keep trying to get in front of Hutchins. Holiday Inn doesn’t seem to be open to talking to the Town. Was directed by Woodsprings to someone else, but haven’t heard back. McAdams can try calling. Common Themes: A. Vision a. Uses that draw in destination traffic like leisure, sports, entertainment. b. Connectivity (pedestrian and vehicular) c. Golf cart parking and access d. Would love to see more retail, something kid friendly e. Shared parking f. Senior housing, independent living g. Generally supportive of density B. Strengths a. Disposable income (older residents) b. Safe community c. Venue in HG Supply d. Solid market for business travelers e. Great schools f. Good proximity to jobs g. Great visibility C. Weaknesses a. Not walkable b. Not a lot of family activities c. Access/circulation D. Place/Destination a. Trails b. Coffee shop, retail, some more foot traffic c. Local hang out spot Page 61 of 68 PROJECT STATUS MEETING > TROPHY CLUB SMALL AREA PLAN 4400 State Hwy 121, Suite 800, Lewisville, TX 75056 / 972. 436. 9712 creating experiences through experience d. Town center with live music, outdoor space, festivals, farmers market e. Bagels, deli, and other locally owned shops 6. OTHER ITEMS Page 62 of 68 PROJECT STATUS MEETING > TROPHY CLUB SMALL AREA PLAN 4400 State Hwy 121, Suite 800, Lewisville, TX 75056 / 972. 436. 9712 creating experiences through experience MEETING DATE: 10/15/2024 ATTENDEES: TOWN STAFF > Tamara Smith > Brandon Wright > Joseph Longo > John Ryback > Matt Cox > Jill Lind > James Calaway DESIGN TEAM > Jameson Pinson > Randi Rivera SUBCONSULTANTS > Chris Branham > Jason Claunch AGENDA: 1. UPDATE ON ACTION ITEMS ACTION ITEMS – TOWN OF TROPHY CLUB ITEM STATUS COMMENTS Coord availability of stakeholders for meeting Nearly Complete Tamara visiting businesses that have not responded. McAdams also reached out last week. Hutchins, Holiday Inn, Wood Springs (contact Provident). Determine Online Engagement Survey Timing In Progress Oct. 21st – marketing begins Nov. 5th – hard launch – survey goes live Nov. 18th - In person engagement target Marketing Video In Progress To add details of survey and open house Review style guide and authorize McA Completed Communications sent TC styles for document ; including logo for the small area plan. Determine dates for completing 114 In Progress On schedule for end of year Page 63 of 68 PROJECT STATUS MEETING > TROPHY CLUB SMALL AREA PLAN 4400 State Hwy 121, Suite 800, Lewisville, TX 75056 / 972. 436. 9712 creating experiences through experience New Items ACTION ITEMS – MCADAMS Prepare stations for Open House In Progress Send content and questions for survey by 10/21. Discuss Boards/Station outline (see below). New Items ACTION ITEMS – CATALYST Draft Market Study In Progress Will update draft once do programming New Items 3. COMMUNITY ENGAGEMENT STRATEGY a. Date – Team agreed on 11/18 as target date for open house meeting. Offer two sessions: 1) 12-2pm and 2) 6-8pm (located in council chambers) b. In-Person Open House with Input Boards c. Online Input – TC determine Survey Monkey is preferred platform. i. Input boards for online input ii. Host on town’s website, social media, and council pages and news letter. Potential intro video. 2 min. iii. Open online survey first. Hold in-person session afterwards. iv. Length of time 1. May start during early voting (oct. 21) – board for advertising on site during early voting. 2. Town Secretary has an e-mail in to election board to see if informational boards can be set up during early voting. 3. 11/5/24 Survey goes live – stays up through 11/19. 4. OPEN HOUSE BOARDS/STATIONS OUTLINE 1. What is a small area plan a. Provide details about what a small area plan is, the vision for the area, and how this plan will help vision the future of the area 2. Vision Statement and Guiding Principle a. This board will have the vision statement and images that correspond with the guiding principle Page 64 of 68 PROJECT STATUS MEETING > TROPHY CLUB SMALL AREA PLAN 4400 State Hwy 121, Suite 800, Lewisville, TX 75056 / 972. 436. 9712 creating experiences through experience b. People will be asked to place three dots on what the values that resonate with them for this area. 3. Demographic Board a. This will have a demographic analysis break down. This will show generational distribution, population, household income by range, Race/Ethnicity, Household characteristics, Market demand 4. Land Use Definition and what each use looks like a. On this board we will have a couple different land use types with a definition for each. Mixed Use with upper level lofts, retail, office, entertainment, 5. What is working/ what is not working – use red dot for ‘not working’ and green dot for ‘working’ a. Split the constraints map in half (East and West) to enlarge b. Have an additional board to add comments 6. Transportation to the area (How would you prefer to get to this area from your house) a. This board will have a couple of columns for Bike, Walk, Golf Cart Path, Vehicle. People will put a dot in the column of how they would prefer to access this area. 7. Place making board with common amenities a. This board we would have a 3d image showing an area of what place making looks like and have call out and people will have the opportunity to put a dot in a row of which things within the picture they like or don’t like Comments: • Catch all Board for additional feedback. Example – services, parking ect. • Split east and west boards – should have a combined board to understand the total improvement area. One unified boundary. • Add images from the video. • Concerns related to traffic patterns – pedestrian vs. vehicular. o Transportation board could be used to point out concerns. o Label traffic direction and pedestrian circulation areas. o Ready to address off-ramp concerns 5. OTHER ITEMS Page 65 of 68 Project ScheduleJuneMayAprilMarchFeb.Jan.Dec.Nov.Oct.Sept.Aug.JulyProject Program + KickoffStakeholder FeedbackInventory + AnalysisMarket StudyCommunity EngagementPlan ScenariosPreferred Concept PlanAdoptionImplementationKick-off + Site VisitDraft ScenariosScenario Council WorkshopMarket StudyOpen House or WorkshopDetermine StrategiesPresent Concept + Document DraftCollect DataCouncil Meeting + Final DocumentMonthly Meeting's with Project Team + StaffInterviews + SummaryEXPLOREEXPLOREEVALUATEEVALUATEConstraints MapENVISIONENVISIONSummary of FindingsENACTENACTEXECUTEEXECUTERecommendations + On-going Implementation1.Completed 7/1/242.Property owner letter sent week of 8/263.Targeting meetings 9/2-9/6 or 9/8-9/144.Completed 8/30/245.Draft sent 8/29; to be finalized by 9/306.Confirmed open house and dates 8/267.Met with Social Pinpoint for online option 8/22 8.Confirmed Survey Monkey for online option 8/279.Marketing for open house begins 10/2110.Hard launch for online option11/4 11.In person open house 11/1821367845Page 66 of 68 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: October 24, 2024 FROM: Tamara Smith, MSL, Assistant to the Town Manager AGENDA ITEM: Discuss updates of the Thrive Business Grant Program. BACKGROUND/SUMMARY: On July 11, 2023, the Economic Development Corporation (EDC) discussed and considered a grant program tailored to benefit businesses within the Trophy Club community. The EDC deliberated and expressed the desire to support projects encompassing exterior and interior enhancements, equipment, and signage upgrades. Moreover, the Board has advocated for a nominal contribution from businesses in the form of matching funds, which will foster a sense of mutual accountability. The Board allocated $300,000 to the grant program for FY 2023-2024. The proposed program would be a yearly application with an evaluation and presentation to the EDC. A formal agreement will follow with progress reporting, final inspections, and performance requirements. The Thrive Business Grant program offers reimbursable matching grants (75%) of up to $20,000 to support facade enhancements, sign improvements, interior renovations, equipment upgrades, and other critical investments. Under the terms of the grant, work must begin within six months from the date of the award. Grantees will be required to submit regular progress reports, including financial statements, photos, and updates on project milestones. Failure to meet specified performance requirements as set forth in each agreement will require 100% repayment of the grant dollars received. On October 11, 2023, staff presented a draft of the grant program to the Economic Development Corporation (EDC) for review. The proposal was then discussed and approved by the EDC Board during its meeting on February 27, 2024. Following this, the Thrive Business Grant received Town Council approval on May 28, 2024. The grant program was officially opened to the public on July 8, 2024. Since the program's launch, the Town Manager, Communications Director, and Assistant to the Town Manager have conducted site visits to businesses located along Trophy Club Drive, Highway 114 Frontage Road, PD 30, Trophy Club Commons, and Trophy Club Plaza. As of today, staff has received seven applications, with the deadline for submissions set for October 18, 2024. Staff will continue to monitor and provide updates on the grant program’s progress. BOARD REVIEW/CITIZEN FEEDBACK: N/A Page 67 of 68 FISCAL IMPACT: The Board allocated $300,000 from the EDC 4B Fund for the Fiscal Year 2023- 2024 grant program. For the Fiscal Year 2024-2025, the budget includes a cap of $150,000 for the Thrive Grant Program. This arrangement ensures that the remaining $150,000 will be available for the grant program in subsequent years. LEGAL REVIEW: N/A ATTACHMENTS: None ACTIONS/OPTIONS: This agenda item is being presented for discussion only. No action will be taken by the Economic Development Corporation Board for this agenda item. Page 68 of 68