06.26.2025 EDC MinutesTown of Trophy Club Economic Development Corporation Meeting Minutes
June 26, 2025, 6:00 p.m., Regular Meeting
1 Trophy Wood Drive, Trophy Club, Texas 76262
CALL TO ORDER
President Addington and Vice President Pedersen were absent. Joseph Long was selected by the
members to act as the Presiding Officer.
Director Long called the meeting to order at 7:00 p.m.
EDC BOARD MEMBERS PRESENT
James Calaway, Secretary
Joseph Longo
Garrett Wallace
Scott Hinshaw
EDC BOARD MEMBERS ABSENT
Teri Addington, President
Allan Pedersen, Vice President
Greg Fox
STAFF PRESENT
Brandon Wright, Town Manager
Tamara Smith, Assistant to the Town Manager
Ernest Gillespie, Chief Financial Analyst
PUBLIC COMMENTS
There were none.
REGULAR ITEMS
1. Consider approval of the May 22, 2025, Economic Development Corporation Meeting
M i n utes.
Secretary Calaway moved to approve the May 22, 2025, meeting minutes. Director
Wallace seconded the motion.
VOTE ON THE MOTION
AYES: Wallace, Longo, Hinshaw, Calaway
NAPES: None
ABSENT: Addington, Pedersen, Fox
VOTE: 4-0-3
EDC Meeting Minutes —June 26, 2025 Page 2
2. Consider approval of the Economic Development Corporation FY 2025-2026 Budget.
Tamara Smith, Assistant to the Town Manager, presented an update on the FY 2026
budget. She noted that there were no changes to projected revenues, which remain at $776,000.
The only adjustment was on the expenditure side, specifically a reduction in the Thrive Business
Grant allocation to $150,000, reflecting a new grant cycle. No other changes were made to the
budget.
Secretary Calaway moved to approve the Economic Development Corporation FY 2025-
2026 Budget. Director Wallace seconded the motion.
VOTE ON THE MOTION
AYES: Wallace, Longo, Hinshaw, Calaway
NAYES: None
ABSENT: Addington, Pedersen, Fox
VOTE: 4-0-3
3. Discuss the Thrive Business Grant Program. (Tamara Smith, Assistant to the Town
Manager)
Ms. Smith provided an update on the Thrive Business Grant Program and responded to
board questions.
® Cycle One and Two Updates:
o Mathnasuim is still working on both of their approved grant projects.
o Trophy Club Vision Care and Fish and Knife have completed inspections, submitted
vendor packets, and are expected to be reimbursed within the next one to two
weeks.
o Grace Development was partially complete at the time of inspection and will be
re -inspected once all work is finished.
o Jolley has completed their project and received reimbursement.
o Envision was rescinded from the program after failing to submit a performance
agreement.
Ms. Smith confirmed that inspections are conducted in person by herself or EDC members
using an inspection sheet, though photos are not currently included in the documentation. A
board member suggested before -and -after photos might be helpful for future reporting.
Ms. Smith agreed to consider incorporating photos during inspections for future grant
cycles.
EDC Meeting Minutes —June 26, 2025
Page 3
Regarding Grace Development, Ms. Smith noted that they are an out-of-state company
with operations in Trophy Club. Their project includes painting, power washing, and restriping
their parking lot, which was partially incomplete during the initial inspection.
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Director Long adjourned the meeting at 7:06 p.m.
Teri Addington, President
ATTEST:
Tammy Dixon, wn Secretary