[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6610081,"mediaKeyId","2904590-b02d520256876408d1d1f5b61323472d","parentId",2904590,"title","EDAC opens discussion on Trophy Signature Homes tax-sharing agreement; seeks developer presentation","audioSeconds",657,"startMs",2623000,"endMs",3280000,"viewUrl","/Search/View?dp=1&key=2904590-b02d520256876408d1d1f5b61323472d&start=2623&end=3280","thumbnailUrl","https://assets.pipeline.soar.com/2904590-b02d520256876408d1d1f5b61323472d/thumbnail_2623000.jpg","articleUrl","/articles/6610081/Lago-Vista/Travis-County/Texas/EDAC-opens-discussion-on-Trophy-Signature-Homes-tax-sharing-agreement-seeks-developer-presentation","mediaUrl","https://secure.pipeline.soar.com/6610081-9c88bc8f8408c63054ea7f037d47b3cc/orig.mp4?Expires=1771179409&Signature=FnTsp5~B~mqP6P2DavF3sFiN3fwCS8lvdBrnvKKgYRvblebmptoSqwEO6KUgB7PSBZR7tyOfTExSup1L8bYyPvOuI00S2I2l9n9AXg5gKOYsoqaH9Ob5EJU64yPXWWfUWh8G-iOA7QByB~O94fjx55lHWWQvprmFB9sNL~hk7lOnCIo2bfPR7PtVbCLWbKn0pz47NUVMi9jJHRC0L4tac6fyCCNmRuX5Y9mt2Yq3n9EtJJWWOpPXHC~rW0cOTzvkFrHvU7uS3gisGQMxtF96g5-xAF3E1mhMp5rQznH7E4ZKc0OzdGMekbao6AB5QHspC7NpwssPGMShzcWXRH2ziA__&Key-Pair-Id=KUT5TJCACFTXG","author","Lago Vista","date","2025-04-08T00:00:00Z","article","EDAC members discussed a proposed tax-sharing agreement between the city and Trophy Signature Homes and agreed to invite the company to present details at a future meeting, via Zoom or in person.

Committee members summarized the agreement as a revenue-sharing arrangement in which the city would issue grants equal to 50% of proven sales-tax revenue generated by the developer after the developer obtains a direct-payment permit and begins reporting taxable sales. As one member summarized, the structure \"only grants money if the business generates revenue first,\" meaning the city would not pay funds up front but would share a portion of taxes collected only after the revenue is realized.

Members asked whether 50% was the appropriate share and suggested staff check precedent in other Texas cities. They also discussed how any revenues would be routed and whether such revenue could be used to fund EDC activities. Several members recommended inviting the developer to provide a presentation and to explain which projects the agreement would apply to and how precedent cities had structured similar deals.

Council liaison and one EDAC member proposed arranging a Zoom presentation with Trophy Signature Homes and city staff to gather more specifics. EDAC did not take a formal vote; members said they will follow up with staff to schedule a developer presentation and gather comparative information about how other cities have used these agreements.","mediaType","Video","parentTitle","Lago Vista - Economic Development Advisory Committee - Apr 08, 2025","oneSentenceSummary","EDAC discussed a proposed sales-tax revenue sharing agreement with Trophy Signature Homes that would return 50% of proven sales-tax revenue to the developer over the life of the project, and agreed to invite the developer to present further details at a future EDAC meeting (in-person or by Zoom).","taxTitle","Lago Vista, Travis County, Texas","taxId",69620,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6610086,"EDAC discusses community identity project; suggests council briefing, wider outreach and art committee collaboration",240,2205000,2445000,"/Search/View?dp=1&key=2904590-b02d520256876408d1d1f5b61323472d&start=2205&end=2445","https://assets.pipeline.soar.com/2904590-b02d520256876408d1d1f5b61323472d/thumbnail_2205000.jpg","/articles/6610086/Lago-Vista/Travis-County/Texas/EDAC-discusses-community-identity-project-suggests-council-briefing-wider-outreach-and-art-committee-collaboration","https://secure.pipeline.soar.com/6610086-f41041ca710d31537e3ef334b4b4ddbd/orig.mp4?Expires=1771179409&Signature=WPD8pdOYLNvAO7EjE9nuI6wNwRVoP5uQb5tfxKAYgBzYggc8ozXs~r0cWJ7uDsXBU8AYgvQNWtQDpJ3-Clq3oPR24eD1GDXen238jH-yleZf-njRJqFob3z~F1VXTx0YDIgWBtrrPTcPmpGSRbtwaL7AqrBrefOoY-3fK9IJ1vmQ994dMLZ5IDJTHRjh0gXaULCrhdFSC9hcwgmnjd6zjbcDxbnm4NeTaq9RS1il-o7yAgcQIhW8z~3AvzkCx~j7fdBtOAWi44uGYgQENmCoE2nV~Uj1icTb2yELR8dTYcbssgm2DdMb3T~6aUWvTUCtW4evdAtJiLPbOhdrxVl2BQ__&Key-Pair-Id=KUT5TJCACFTXG","EDAC members reviewed progress on the community identity enhancement project and agreed to seek additional clarity from City Council and the city’s art/public-places group before moving to public polling or a mascot selection.

Members noted prior polling done for Parks and Recreation yielded several hundred responses on a pool question but did not fully address identity items. EDAC discussed engaging the city’s art/public-places committee (referred to in the meeting as \"KLVB\" or variants) for the artistic component and recommended inviting Councilmember Ben Affield to the next EDAC meeting to clarify the council’s expectations and define the core questions a survey should ask.

Justin and other members emphasized groundwork: \"we need that a good part of that has to do with our sort of developing a community identity before we can develop a mascot or anything like that,\" and EDAC agreed to email-circulate an invitation to the councilmember and include Eric on the copy. The committee also discussed possible joint meetings with the art committee and additional outreach options to ensure any survey produces useful and representative results.

No formal action was recorded; EDAC set a direction to invite Ben Affield and to follow up with the city's art committee and staff to scope next steps.","The EDAC discussed next steps for a community identity enhancement project — including polling, coordination with the city's art/public-places group, and inviting Councilmember Ben Affield to an EDAC meeting for clarification on goals and survey scope.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6610090,"EDAC recommends broader scope, new name for citizen bond oversight committee — proposes 'transparency' emphasis",231,1885000,2116000,"/Search/View?dp=1&key=2904590-b02d520256876408d1d1f5b61323472d&start=1885&end=2116","https://assets.pipeline.soar.com/2904590-b02d520256876408d1d1f5b61323472d/thumbnail_1885000.jpg","/articles/6610090/Lago-Vista/Travis-County/Texas/EDAC-recommends-broader-scope-new-name-for-citizen-bond-oversight-committee-proposes-transparency-emphasis","https://secure.pipeline.soar.com/6610090-f949d1eb0e22fae30b3c4fc423ecd2ef/orig.mp4?Expires=1771179409&Signature=bZJJ1hcgDWwkOsYyfrygRQST87uLE7cQbvlPWH~cUNiKN8FifYfA0lFMMy-pvi-gjqXwoe2nhTHN6~0PywQFSfuCYLd61NlQhDAgIQKOABe3uYn0tMDVs4XTrcj5pgEtorcTbjRcsuxmcxRODmzPJ3WtsKJEd8IbyADWo7hQVDH2E1VMy4Kqqhv4~gRXc4XdHSGS~8rdzWgrMomlSSda3ng9CzrSBIXMYPQDICtmNeL3I3InuMit4wkn-Z2iD16tuymAGJ-Vo-mlCn0UWoM0qKxNSYGLPZDYYJUxIuik93pysvtbNX47JguOqDvfCojZkaIoxvrN1NFIgkYRQCw2AA__&Key-Pair-Id=KUT5TJCACFTXG","EDAC members recommended expanding the scope of a proposed citizen bond oversight committee to include broader transparency and education functions and suggested a less formal name to encourage public engagement.

Members said the original, narrow \"bond oversight\" label could be misleading because the group would likely provide wider financial and project information to the public. One committee member proposed the name \"Transparency Committee\" and several members supported that suggestion, arguing the committee should focus on educating residents about where the city has been, where it is, and where it is going financially.

The committee discussed that the advisory body would be an advisory committee formed by City Council and that expanded responsibilities could include preparing digestible information for the public and highlighting aspects of city operations for citizen review. EDAC members agreed to finalize language edits by email and include the revised document in their recommendation packet to council.

No formal vote was taken; EDAC characterized the result as a recommendation to include the expanded scope and a less formal name when forwarding guidance to City Council.","Members of the Lago Vista EDAC discussed scope and naming for a proposed citizen bond oversight committee, recommending a broader role that would make financial and project information more digestible to residents and suggesting a less intimidating name such as a \"Transparency Committee.\"",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6610095,"EDAC finalizes recommended bylaws for Type B economic development corporation, plans council referral",1317,577000,1894000,"/Search/View?dp=1&key=2904590-b02d520256876408d1d1f5b61323472d&start=577&end=1894","https://assets.pipeline.soar.com/2904590-b02d520256876408d1d1f5b61323472d/thumbnail_577000.jpg","/articles/6610095/Lago-Vista/Travis-County/Texas/EDAC-finalizes-recommended-bylaws-for-Type-B-economic-development-corporation-plans-council-referral","https://secure.pipeline.soar.com/6610095-997b880f41fb481929ce619284a55f4d/orig.mp4?Expires=1771179409&Signature=kVUf~9-u1JUXFlxhrp4VL27G8-nr1A4Q77157fp6pnLaWU3-crhKR2HTuw0WmReCky72IJAcziruzWOrdK28uDhgkIV4p82JQaWjTUq25~03FspTNxsZy47tvnIRtDwQrjXEjc5gNfEpZEFCh7Z5jYQZ0YtvU0O9niGjCde2JNErB6EzX1Fe7ezTZzoX3O1MhsDjYshwlVYJrDLaRccw3FaMpz5dlArZtPSozldQxhbS4WDjAhL8UV1GWHvZ1AhS6uAWBh98bu7P2rzo6cOfN5G0Bvoy4SKvTq72xu6tK4KkT-eiiRcFgH4DFRDh8FaFevOw92Zuhf4LC7jR94wRVQ__&Key-Pair-Id=KUT5TJCACFTXG","The Lago Vista Economic Development Advisory Committee (EDAC) reviewed a consolidated draft of bylaws for forming a Type B economic development corporation and agreed to forward a recommendation to City Council for the council's first meeting in May.

EDAC members spent the bulk of the meeting working through a combined draft. Don, who prepared the consolidated document, told the committee he had proposed that the existing Economic Development Advisory Committee \"will cease to exist\" upon formation of the corporation and that the initial board should include the seven existing EDAC members plus two additional directors: the director of economic development and one city council member. Don said the authorized board size should be set at nine with a minimum of seven.

Committee members debated limits on council representation and on the corporation's relationship to city purchasing and contract approval. Norma, speaking as city staff during the discussion, said, \"I think, at least in the beginning as I understand it from state statute, the council has to have some oversight,\" noting initial costs such as insurance and startup expenses would likely come from city funds and therefore warrant council involvement.

Members discussed whether the city council should retain approval authority over contracts and program administration. Some EDAC members favored leaving explicit council approval language in the bylaws at least during the start-up phase; others said the corporation should have the ability to act more independently once established. The draft as discussed would: set director terms at two years (with removal allowed), allow up to two city council members on the board (but not more than two), include indemnification language and authorize directors-and-officers insurance, and require a supermajority (two-thirds) of the board to amend bylaws.

Because the committee did not have a quorum of its full membership present, members agreed to finalize edits via email and to copy the full EDAC for any responses before submitting the package to the council liaison. Justin summarized the next step: Don will update the draft, copy the committee, and staff will place the item on the City Council agenda for the first meeting in May provided the municipal deadline (10 days before the meeting) is met.

No formal vote of the committee was recorded at this meeting; EDAC members characterized the outcome as a recommendation to refer the consolidated bylaws to City Council for consideration and legal review.","Lago Vista Economic Development Advisory Committee reviewed and consolidated proposed bylaws for a Type B Economic Development Corporation, agreed on membership and governance changes, and will forward the recommendation to City Council for consideration at the first May meeting.","actionData","errors"]

Article not found

EDAC opens discussion on Trophy Signature Homes tax-sharing agreement; seeks developer presentation

EDAC discusses community identity project; suggests council briefing, wider outreach and art committee collaboration

EDAC recommends broader scope, new name for citizen bond oversight committee — proposes 'transparency' emphasis

EDAC finalizes recommended bylaws for Type B economic development corporation, plans council referral