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02.27.2025 EDC Agenda Packet TOWN OF TROPHY CLUB MEETING AGENDA ECONOMIC DEVELOPMENT CORPORATION 1 Trophy Wood Drive Trophy Club, Texas 76262 February 27, 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 February 13, 2025, Economic Development Corporation Meeting Minutes. 2. Discuss the Thrive Business Grant Program and recommended improvements for upcoming grant cycles. 3. Discuss 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. Page 1 of 42 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 20, at 9:55 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 42 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: February 27, 2025 FROM: Tammy Dixon, Town Secretary AGENDA ITEM: Consider approval of the February 13, 2025, Economic Development Corporation Meeting Minutes. BACKGROUND/SUMMARY: The Economic Development Corporation held a regular meeting on February 13, 2025. BOARD REVIEW/CITIZEN FEEDBACK: N/A FISCAL IMPACT: N/A LEGAL REVIEW: N/A ATTACHMENTS: 1. 02.13.2025 EDC Minutes ACTIONS/OPTIONS: Move to approve the February 13, 2025, Economic Development Corporation Meeting Minutes. Page 3 of 42 Town of Trophy Club Economic Development Corporation Meeting Minutes February 13, 2025, 6:00 p.m., Regular Meeting 1 Trophy Wood Drive, Trophy Club, Texas 76262 CALL TO ORDER Vice President Pedersen called the meeting to order at 6:00 p.m. EDC BOARD MEMBERS PRESENT Allan Pedersen, Vice President James Calaway, Secretary Greg Fox Scott Hinshaw Joseph Longo EDC BOARD MEMBERS ABSENT Teri Addington, President Garrett Wallace STAFF PRESENT Brandon Wright, Town Manager Tammy Dixon, Town Secretary Tamara Smith, Assistant to the Town Manager April Duvall, Director of Finance Matt Cox, Director of Community Development PUBLIC COMMENTS There were none. REGULAR ITEMS 1. Consider approval of the January 16, 2025, Economic Development Corporation Meeting Minutes. Director Longo moved to approve the January 16, 2025, meeting minutes. Director Fox seconded the motion. VOTE ON THE MOTION AYES: Fox, Pedersen, Longo, Hinshaw, Calaway NAYES: None ABSENT: Addington, Wallace VOTE: 5 -2 2. Presentation and discussion of consultant-developed options for the Small Area Plan project. Page 4 of 42 EDC Meeting Minutes – January 16, 2025 Page 2 Randi Rivera, Planning Director for McAdams, introduced the presentation alongside Planner Marisa Brewer and Director of Landscape Architects Jameson Pinson. She provided an overview of the Small Area Planning Project’s progress, noting that the process began with a kickoff meeting in July, followed by extensive community engagement, including stakeholder meetings, an online survey, and an open house. Rivera emphasized that the planning process was guided by community feedback to ensure the designs aligned with local needs and priorities. Key takeaways included the importance of integrated development, improved circulation, and enhancing the area’s vibrancy through entertainment, retail, and restaurant options. The gathered feedback has informed the two proposed concepts, which will be refined based on input from the EDC Board before being presented to the Town Council on the 24th. Ms. Brewer provided an overview of the community outreach efforts conducted as part of the Small Area Planning Project. The outreach included an online survey via SurveyMonkey, which received 595 responses (4.15% of the population), as well as an open house with two sessions attended by 23 residents. Survey participants expressed a strong desire for integrated development that enhances connectivity and creates a lively, accessible gathering space. The top priorities identified were improved infrastructure, additional retail and restaurant options, and entertainment venues with outdoor dining and seating. Concerns raised included traffic congestion along Highway 114 and potential noise impacts on nearby residential areas. While initial survey responses showed little support for office and flats, in-person discussions revealed openness to age-restricted or 55+ housing. The feedback gathered has informed the development concepts, which aim to balance growth while addressing community concerns. Mr. Pinson presented an overview of the two concept plans, highlighting key design strategies and proposed revisions based on community feedback. Concept 1 retains much of the existing infrastructure while introducing new developments, including a civic gathering space and restaurant-focused additions, with minimal disruption to traffic patterns. Concept 2 proposes a more intensive redevelopment approach, incorporating additional commercial space, structured parking, and realigning Trophy Wood Drive to enhance Town Hall’s visibility. Pinson detailed proposed changes to access points, circulation improvements, pedestrian connectivity enhancements, and parking solutions, ensuring adequate support for existing and future businesses. He emphasized that the plans are long-term visioning documents, subject to property owner participation and potential incentives for redevelopment. Board members discussed the proposed concepts, focusing on traffic flow, feasibility, and the viability of commercial and residential components. Concerns were raised about the impact of proposed redevelopment on existing businesses and accessibility, particularly for residents on the east side of Trophy Club. The board emphasized the importance of ensuring realistic market demand to avoid empty storefronts and suggested modifications, including removing Building 9 from Concept 2 to improve traffic flow while maintaining a balance between new development Page 5 of 42 EDC Meeting Minutes – January 16, 2025 Page 3 and preserving the community's character. There was general support for a hybrid approach combining elements of both concepts, with an emphasis on connectivity improvements, ensuring feasibility through an economic impact study, and considering an addition al east-side access point. The McAdams team will incorporate the Board’s feedback with the following for further discussion: • An economic feasibility study assessing the market demand for both concepts, including whether the proposed developments are viable and sustainable. • A comparison of advantages and disadvantages for each concept, outlining the trade-offs related to economic impact, traffic flow, and land use. • Revised conceptual plans that remove Building 9 from Concept 2 to maintain the existing Trophy Wood Drive alignment while still incorporating elements from Concept 2. • Evaluation of an additional east-side access point, including a potential connection via TW King Road and the feasibility of integrating it into the overall plan. • Clarification on existing versus new development areas, ensuring stakeholders can distinguish between proposed new structures and existing buildings. Revised options will be presented to the Town Council for further discussion prior to the next EDC meeting. ADOURN Vice President Pedersen adjourned the meeting at 7:36 p.m. _____________________________ Teri Addington, President ATTEST: ____________________________ Tammy Dixon, Town Secretary Page 6 of 42 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: February 27, 2025 FROM: Tamara Smith, MSL, Assistant to the Town Manager AGENDA ITEM: Discuss the Thrive Business Grant Program and recommended improvements for upcoming grant cycles. 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. On November 20, 2024, the EDC determined that seven projects met the requirements of the Thrive Business Grant. The Town Council approved six businesses and seven projects on December 9, 2024, with a total grant amount of $104,380.67. This leaves a remaining balance of $195,619.33 for the second cycle of grants. Page 7 of 42 This agenda item will provide updates on the first round of Thrive Business Grants and discuss plans and suggested changes for opening a second round of grants for the upcoming year. BOARD REVIEW/CITIZEN FEEDBACK: N/A 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. Total grant dollars expended are $104,380.67. This leaves a remaining balance of $195,619.33. LEGAL REVIEW: N/A ATTACHMENTS: 1. Presentation 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 8 of 42 EDC BOARD MEETING FEBRUARY 27, 2025 Page 9 of 42 Thrive Business Grant Page 10 of 42 Thrive Business Grant Process Grant Timeline Suggested Grant Program Changes Program Completion Next Grant Cycle Start Date Agenda Page 11 of 42 •Program Overview with EDC •Program launch •Online applications •Grant closing •Town review •EDC meeting to review grants •Letters Grant Process •Town Council meeting •Emails •Performance Agreements sent out •Start of project •Completion of project •Final inspection •Reimbursement Page 12 of 42 Grant Launched: July 2024 Grant Closed: October 2024 EDC Review/Approval: November 2024 Town Council Approval: December 2024 Performance Agreements Signed and Project Started: January 2025 Note: They have up to 6 months after project approval to begin the project, potentially by June 2025. Completion of Project: December 2025 The total duration from start to finish is 1.5 years. Grant Timeline Page 13 of 42 Equipment Purchased:Any equipment purchased must remain within the Town of Trophy Club for the entire duration of the business’s operational lifespan. Price/Grant Change Variable:The agreed-upon price or grant amount may be subject to a potential change of up to 10% to account for unforeseen circumstances or fluctuations in pricing. Performance Agreement (Exterior Painting Approval): The exterior painting, including color choices, must be submitted for approval by the Town of Trophy Club prior to implementation. Local Quote:Businesses must provide one local business quote, plus two additional quotes. Suggested Grant Program Changes Page 14 of 42 Incentives for Businesses Completing the Program: •Display a decal on the business window to signify program completion. •Feature a spotlight in the Town Weekly to recognize their achievement. Program Completion Page 15 of 42 Grant Launched: July 4, 2025 Grant Closed: October 3, 2025 *Gives 3 months to apply EDC Review: November 14, 2025 *Six weeks to review EDC Approval: November 20, 2025 *EDC meeting to review/approve Town Council Approval: December 8, 2025 Performance Agreements Signed By Business: January 9, 2026 Performance Agreements Signed By EDC: January 22, 2026 Project Started: January 22, 2026 Completion of Project: December 8, 2026 The total duration from start to finish is 1.5 years. Next Grant Cycle Start Date Page 16 of 42 Questions? Page 17 of 42 social media | email | website Page 18 of 42 ECONOMIC DEVELOPMENT CORPORATION COMMUNICATION MEETING DATE: February 27, 2025 FROM: Tamara Smith, MSL, Assistant to the Town Manager AGENDA ITEM: Discuss 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 presented to the EDC Board on February 13th offering an opportunity for feedback on two variations of plan scenarios. The presentation from that meeting is attached to this agenda item. On February 24th, McAdams will present it to the Town Council, and additional feedback will be incorporated into the plans. Tonight, the EDC will review all the changes made. BOARD REVIEW/CITIZEN FEEDBACK: The EDC has a subcommittee that meets bi-weekly with McAdams and provides monthly updates to the full EDC Board on progress. Attached to this agenda item is the meeting minutes from February 11th. The subcommittee offered feedback to McAdams during the January 28th meeting, as well as with the EDC Board on February 13th. Key components of the EDC's February 13th meeting with McAdams include: expanding building space to meet market demand, maintaining the current alignment of Trophy Wood Drive for the residents on the east side of Trophy Club, providing an entrance to T.W. King via a cut-through on the east side of Town Hall, and showing the community what is existing versus what will be redeveloped. 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 Page 19 of 42 ATTACHMENTS: 1. February 11th Meeting Minutes 2. February 13th McAdams Presentation 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 20 of 42 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: 2/11/2025 WORKING ON PPT. KEEP IT INTERACTIVE. WHEN TALKING ABOUT TRAFFIC DELAY - MENTION SAFETY IS BETTER WITH STOP SIGN AND CHANGE. ALAN ALSO MENTIONED THE COMMUNITY IS BUILT OUT. NEED TO SAVE TRANSCRIPTION FROM SCENARIO PRESENTATION TO THE CMTE OPTION A WE MAY NEED TO RECOMMEND DESIGN STANDARDS FOR GARAGES SO THEY'RE NOT SO OBTRUSIVE BRANDON LIKES THE MEDIAN - BC CAN DRAW THE BRAND OF THE GROVE WITH LANDSCAPING MAYBE INTERSECTION BECAUSE RAISED TABLE TO SLOW PEOPLE DOWN JOE RECOMMENDED HIGHLIGHTING CONNECTOR FOR WALKWAYS COULD THE TRAIL ON THE NORTH BE A GOLF CART PATH? JOE THINKS IT WILL ADD TO THIS BEING VIBRANT MEETING SPACE. JP SAID WE CAN MAKE IT 12'. MIXING MODES OF TRANSPORT ON TRAIL. THERE IS A ORD FOR NOT MOTORIZED TRAILS. JP SAID MOST CITIES ARE INCREASING THEIR TRAILS TO 12'. THINKS THAT WOULD BE ENOUGH ROOM. ALLAN SAID LANE MARKER IS EFFECTIVE. THE PATH BEHIND BUILDINGS 11 AND 12 CAN BE DESIGNED TO PREFER PEDESTRIAN/GOLF CART TRAFFIC AND WILL NEED TO REMOVE PARKING BUT MAY NEED TO KEEP IT FOR VEHICLES TO GET CIRCULATION TO GARAGE EGRESS WE NEED TO EMPHASIZE GOLF CART ROUTES JOE LIKES SENIOR LIVING ON 12, MAKE IT CONVENIENT FOR SENIORS TO WALK EAST OR WEST WITHOUT HAVING TO DODGE CARS. SHOW ALL THE WALKABLE PATHS IN THE PRESENTATION OPTION B Page 21 of 42 PROJECT STATUS MEETING > TROPHY CLUB SMALL AREA PLAN 4400 State Hwy 121, Suite 800, Lewisville, TX 75056 / 972. 436. 9712 creating experiences through experience BUILDING 3 IS PODIUM PARKING, 2 LEVELS, AND 2 LEVELS OF RESIDENTIAL ABOVE. RETAIL ON CORNER. CONCERNED WITH SHOWING REDEVELOPMENT ON WOODSPRINGS. JP MENTIONED MAYBE WE SHOW THEM ON OPTION A. THIS IS POLICY DOCUMENT FOR NEXT 20-30 Y EARS, IF THERE IS AHCANCE TO REDEVELOPMENT, THEN IT WILL CREATE MORE VALUE FOR THE OWNERSHIP. OTHER SIDE OF KIRKWOOD IS RETAIL AND RESTAURANTS ADD LEFT TURN LANE BEHIND HUTCHINS AND TAKE OUT THE DRIVE FOR HUTCHINS WILL HAVE A PRESENTATION WITH SLIDES ON IMAGES FOR CERTAIN KEY AREAS, PLANS WILL BE RENDERED AND LABEL, WE'LL GO THROUGH THOUGHT PROCESS AND USES AND NUMBERS. JOE ASKED ABOUT PHASING. TAMARA WANTS TO UPLOAD THE PRESENTATION. THINGS TO COORDINATE FOR EDC MEETING: 1. STREET SECTIONS 2. SLIDES 1. TRAILS 2. BUILDING USES 3. CIRCULATION 4. DEV PROGRAM 3. REPRESENTATIVE IMAGERY Page 22 of 42 Small Area PlanTown of Trophy Club Page 23 of 42 Project Timeline Planning Process 2 •2024- 03-15 Request for Proposal Posted •2024-04-15 Submitted Official Proposal •2024-05 -20 Executed Contract •2024-07-07 – Kick Off Meeting •2024-09-09 – Meeting with Stakeholders •2024-11-05– Online Survey Went Live •2024-11- 18 – Open House 20252024•2025- 01-14 Reviewed Survey Feedback •2025-01-14 Presented Concept Plan Scenarios •2025- 02-13 Economic Development Corporation Meeting •2025 – 02- 24 Town Council Work Session Page 24 of 42 Outreach Approach Community Engagement 3 Stakeholder Meeting When: September 2024 Where:: Town Hall Who: Property Owners Within The Small Area Online Survey Meeting Open House Meeting When: November 2024 Where: Online Where: Town Hall When: November 2024 Who: Open to Residents in Trophy Club Who: Open to Residents in Trophy Club How: One on One How: Monkey Survey How: In Person Page 25 of 42 Stakeholder Meeting 4 8 Stakeholders •Thoughtful and Integrated •Improve Circulation + Connectivity • Entertainment Space •Ideal Location + Access •Small Businesses Stakeholder Feedback Page 26 of 42 5 Online Survey 595 Responses Online Survey Feedback •Thoughtful and Integrated •Prioritize Market Demand •Ideal Location + Access •Improve Circulation + Connectivity •Community Gathering Spaces •Dining + Outdoor Seating Page 27 of 42 Open House 23 Attendees Open House Feedback •Improve Circulation + Connectivity •Strong Hospitality + Dining •Ideal Location •Community Gathering Spaces •Support 55+ Housing Page 28 of 42 7 Approach Project Phases Explore Envision Enact Execute Evaluate Page 29 of 42 8 Concept 1 11 1 7 6 5 4 8 2 3 G.2 10 9 1213 14.1 14.2 1516 17 18 G.4 G.3 G.1 11 Page 30 of 42 9 Concept 1 Land Use Building Summary Civic Space +/- 24,116 SF Urban Flats +/- 145 Units Assisted living +/- 105 Units Restaurant/ Retail/ Office +/- 71,472 SF Medical +/- 336,507 SF Hotel +/- 328 Rooms Age Restricted Living +/- 348 Units Ground Floor Retail/ Restaurant +/- 32,271 SF 1 7 5 4 8 2 3 10 9 1213 14.1 14.21516 17 18 G.4 G.3 11 6 G.1 G.2 Page 31 of 42 10 Concept 1 Mobility Network 6’ Sidewalks 12’ Multi Use Trails Page 32 of 42 11 Concept 1 Mobility Street Section Page 33 of 42 12 Concept 2 G.15 6 27 3.1 3.2 4 G.2 8 12 11 9 1 10 13 15.3 15.215.1 1416 17.1 17.21819 20 21 G.3 Page 34 of 42 13 Concept 2 Land Use Building Summary Civic Space +/- 24,116 SF Urban Flats +/- 137 Units Assisted living +/- 152 Units Restaurant/Retail +/- 86,308 SF Medical +/- 336,507 SF Hotel +/- 328 Rooms Office/ Retail +/-89,297 SF Age Restricted Living +/- 286 Units Ground Floor Retail/ Restaurant +/- 26,778 SF 6 27 3.1 3.24 8 12 11 9 1 10 13 15.3 15.215.1 1416 17.117.2 1819 20 21 5 Page 35 of 42 14 Concept 2 Mobility Network Golf Cart 12’ Multi Use Trails 6’ Sidewalks Page 36 of 42 15 Concept 2 Mobility Street Section Page 37 of 42 16 Envision Page 38 of 42 Questions Page 39 of 42 18 Old Option 1 Page 40 of 42 19 Old Option 2 Page 41 of 42 20 Market Demand •202,000 SF Of Inventory •Three Primary Centers •5.9% Vacancy Rate Or 12,000 SF •Annual Demand 14,800 SF Existing Today Page 42 of 42