Minutes TC 11/30/2007 - Special SessionMINUTES OF SPECIAL TOWN COUNCIL MEETING FOR THE
TOWN OF TROPHY CLUB
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Friday, November 30,2007
5:00 P.M.
STATE OF TEXAS 5
COUNTY OF DENTON 5
The Town Council of the Town of Trophy Club, Texas, met in a Special Session on Friday,
November 30,2007. The meeting was held within the boundaries of the Town and was open to
the public.
TOWN COUNCIL MEMBERS PRESENT:
Nick Sanders Mayor
Susan Edstrom Mayor Pro Tem
Pam Cates Council Member
Jim Moss Council Member
Kathleen Wilson Council Member
TOWN COUNCIL MEMBERS ABSENT:
Philip Sterling Council Member
STAFF AND GUEST(S) PRESENT:
Brandon Emmons Town Manager
Stephen Seidel Assistant Town Manager
Lisa Ramsey Town Secretary
Shannon DePrater Deputy Town Secretary
Patricia Adams Town Attorney
Mike Pastor IS Director
A.1 Mayor Sanders called the Special Session to order at 5:00 p.m. noting a quorum was
present.
A.2 Discuss and take appropriate action regarding a Resolution concerning the amendment
of the Service and Assessment Plan for The Town of Trophy Club Public Improvement
District No. 1 adopted by Ordinance 2007-29; setting a date for a public hearing;
authorizing the publication of notice; and enacting other provisions relating thereto
Motion made by Edstrom; seconded by Cates to approve.
Town Manager Emmons said the meeting is scheduled for December 13'~ at 7:00 PM in the
Public Service Conference room. The Resolution is to approve the amendments to the
Service and Assessment Plan (SAP) which Council passed on May 7,2007. The amendments
are needed as the original SAP had a 6.25% interest rate, with a 7.25% cap for fluctuation.
Because the market has increased the cap needs to be adjusted to 8.00% with the
assessment bond sale calculated at a 7.25%. The project list will remain the same.
Motion passed unanimously without further discussion.
Council member Cates requested the December 17'~ Agenda include a presentation by
Captain Climato.
A.3 Adjourn.
Motion made by Edstrom, seconded by Cates to adjourn.
Motion passed unanimously without any discussion.
Meeting adjourned at 5:10 p.m.
E&$m#
Nick Sanders. Mayor
Town of ~ro~h~ ~iub, Texas