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02.13.2025 EDC Agenda Packet TOWN OF TROPHY CLUB MEETING AGENDA ECONOMIC DEVELOPMENT CORPORATION 1 Trophy Wood Drive Trophy Club, Texas 76262 February 13, 2025 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. Consider approval of the January 16, 2025, Economic Development Corporation Meeting Minutes. 2. Presentation and discussion of consultant-developed options for the Small Area Plan project. 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. 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: February 7, 2025, at 8:45 a.m., and said Page 1 of 11 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 11 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: February 13, 2025 FROM: Tammy Dixon, Town Secretary AGENDA ITEM: Consider approval of the January 16, 2025, Economic Development Corporation Meeting Minutes. BACKGROUND/SUMMARY: The Economic Development Corporation held a regular meeting on January 16, 2025. BOARD REVIEW/CITIZEN FEEDBACK: N/A FISCAL IMPACT: N/A LEGAL REVIEW: N/A ATTACHMENTS: 1. 01.16.2025 EDC Minutes ACTIONS/OPTIONS: Move to approve the January 16, 2025, Economic Development Corporation Meeting Minutes. Page 3 of 11 Town of Trophy Club Economic Development Corporation Meeting Minutes January 16, 2025, 6:00 p.m., Regular Meeting 1 Trophy Wood Drive, Trophy Club, Texas 76262 CALL TO ORDER Vice President Addington called the meetfng to order at 6:00 p.m. EDC BOARD MEMBERS PRESENT Teri Addington, Vice President James Calaway, Secretary Scott Hinshaw Joseph Longo Allan Pedersen EDC BOARD MEMBERS ABSENT Garrett Wallace STAFF PRESENT Brandon Wright, Town Manager Tamara Smith, Assistant to the Town Manager April Duvall, Director of Finance Matt Cox, Director of Community Development Maggie McCormick-Krukowski, Records Analyst PUBLIC COMMENTS There were none. REGULAR ITEMS 1. Consider approval of the November 20, 2024, Economic Development Corporatfon Regular Meetfng Minutes. Director Longo moved to approve the November 20, 2024, meetfng minutes. Director Pedersen seconded the motfon. VOTE ON THE MOTION AYES: Pedersen, Addison, Longo, Hinshaw, Calaway NAYES: None ABSENT: Wallace VOTE: 5-0-1 2. Consider the appointment of the Economic Development Corporatfon Board President; and if needed, appointments of Vice President, and Secretary as necessary. Page 4 of 11 EDC Meeting Minutes – January 16, 2025 Page 2 Director Longo moved to nominate Terri Addington as President. Director Pedersen seconded the nominatfon. There were no further nominatfons. VOTE ON THE NOMINATION OF PRESIDENT AYES: Pedersen, Addison, Longo, Hinshaw, Calaway NAYES: None ABSENT: Wallace VOTE: 5-0-1 Director Longo moved to nominate James Calaway as Vice President. Director Calaway, who currently serves as Secretary, declined the nominatfon. Director Pedersen nominated himself as Vice President. Director Longo seconded the nominatfon. There were no further nominatfons. VOTE ON THE NOMINATION OF VICE PRESIDENT AYES: Pedersen, Addison, Longo, Hinshaw, Calaway NAYES: None ABSENT: Wallace VOTE: 5-0-1 3. Discuss updates from the small area plan meetfng held on January 14, 2025. Assistant to the Town Manager, Tamara Smith, provided an update on the Small Area Plan, statfng that the process is in the envision phase, with community engagement completed in November. The plan scenarios will be presented to the Small Area Plan Committee by January 28, 2025, and reviewed at a dedicated Economic Development Corporatfon (EDC) meetfng on February 13, 2025, before being presented to the Town Council in a work session on February 24, 2025. The scenarios will then be discussed at the EDC meetfng on February 27, 2025, and presented to the Park Board for additfonal input. A marketfng campaign will be launched to inform the community. Town Manager Wright shared the results of a survey and open house, which received a strong response with 595 survey submissions. The findings indicated a preference for thoughtiul and integrated development with a focus on market-driven business growth. Residents expressed a strong desire for restaurants, entertainment, and retail optfons, along with a high demand for connectfvity and accessibility, with walking being the preferred mode of access. There was limited interest in residentfal housing and office space. The next steps in the process include presentfng two development scenarios for community feedback before bringing them to the Town Council in February. Page 5 of 11 EDC Meeting Minutes – January 16, 2025 Page 3 5. Discuss updates of the Thrive Business Grant Program. Ms. Smith provided an update on the performance agreements for the seven projects and six businesses approved by the Town Council on December 9th. The agreements were sent out in late December with a January 10th deadline, and all but one business has submitted their signed agreement. Once finalized, the agreements will be reviewed and signed by the Town Manager before being returned to the businesses, which must begin their projects by June 9th. The Town will conduct periodic inspections, and businesses will be reimbursed after project completion and submission of receipts. Ms. Smith advised the Thrive Business Grant program is preparing for Cycle 2, with a review session scheduled for the February 27th EDC meeting to evaluate and refine the program. Ms. Smith noted that businesses have not reported issues with the application process and are enthusiastic about the program’s impact. ADOURN President Addington adjourned the meetfng at 6:20 p.m. _____________________________ Teri Addington, President ATTEST: ____________________________ Tammy Dixon, Town Secretary Page 6 of 11 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: February 13, 2025 FROM: Tamara Smith, MSL, Assistant to the Town Manager AGENDA ITEM: Presentation and discussion of consultant-developed options for the Small Area Plan project. BACKGROUND/SUMMARY: In 2024, the Town Council approved six business goals for Fiscal Year 2025. Under the Support Business Focus Area, one objective was to redevelop and create successful business areas fostering a unique sense of place. The initiative for this objective is to continue the redevelopment strategies and themes along the SH114 corridor and other key commercial areas. To address this Council business goal, the town issued a Request for Proposals (RFP) in March 2024 for a small area plan. 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. McAdams divided the project into five phases: Explore, Evaluate, Envision, Enact, and Execute. The first two phases have been completed, and the community engagement portion of the Envision phase concluded in November 2024. The Town is currently in the second half of the Envision phase. McAdams will give a presentation on this agenda item and offer the EDC Board an opportunity to provide input on two variations of plan scenarios referred to as the community-driven plan and the market- driven plan. 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. Community Driven Plan 2. Market Driven Plan 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 7 of 11 Page 8 of 11 ”’ ’’’COMMUNITY DRIVENZ:\ZDrive\Projects\TTC\TTC24002\04-Production\Planning and Design\Area Plan Report\05 - Concept Plan Scenarios\Sketches\CAD\2025-01-28 Sketches Scaled.dwg, 1/28/2025 8:45:35 AM, Marisa BrewerTEXA S S T A T E H W Y 1 1 4 TROPHY WOOD DRT W KING RDPLAZA DR INDIA N C R E E K D R 1 2 3 4 5 6 7 8 9 10 11 1213 14 1516 17 18 EXISTING BUILDINGS 01 HOLIDAY INN HOTEL 04 DENTIST OFFICE 07 TOWN HALL 08 HUTCHINS 09 HG SUPPLY 10 HAMPTON INN & SUITES 13 HOMEWOOD SUITES 14 BAYLOR SCOTT AND WHITE TTC24002 01. 28. 2025 01 PREPARED FOR: TROPHY CLUB COMMUNITY DRIVENTROPHY CLUB, TEXASSCALE: 1” = 1’ 1’’1’ Page 9 of 11 ”’ ’’’MARKET DRIVENZ:\ZDrive\Projects\TTC\TTC24002\04-Production\Planning and Design\Area Plan Report\05 - Concept Plan Scenarios\Sketches\CAD\2025-01-28 Sketches Scaled.dwg, 1/28/2025 8:48:09 AM, Marisa BrewerTEXA S S T A T E H W Y 1 1 4 TROPHY WOOD DRT W KING RDPLAZA DR INDIA N C R E E K D R 1 2 34 5 6 7 8 9 10 11 12 13 14 15 1617 19 18 20 21 22 EXISTING BUILDINGS 02 HOLIDAY INN HOTEL 06 TOWN HALL 08 HUTCHINS BBQ 11 HG SUPPLY 10 HAMPTON INN & SUITES 17 HOMEWOOD SUITES 18 BAYLOR SCOTT AND WHITE TTC24002 01. 28. 2025 01 PREPARED FOR: TROPHY CLUB MARKET DRIVENTROPHY CLUB, TEXASSCALE: 1” = 1’ 1’’1’ Page 10 of 11 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 11 of 11