[{"_1":2,"_99":-5,"_100":-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],{"_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",6226872,"mediaKeyId","3503225-c2b3042a802ccee534d9c75199c94295","parentId",3503225,"title","Trophy Club EDC reviews draft FY2025-26 budget, directs staff to adjust grant and incentive lines","audioSeconds",855,"startMs",1046000,"endMs",1901000,"viewUrl","/Search/View?dp=1&key=3503225-c2b3042a802ccee534d9c75199c94295&start=1046&end=1901","thumbnailUrl","https://assets.pipeline.soar.com/3503225-c2b3042a802ccee534d9c75199c94295/thumbnail_1046000.jpg","articleUrl","/articles/6226872/Trophy-Club/Denton-County/Texas/Trophy-Club-EDC-reviews-draft-FY2025-26-budget-directs-staff-to-adjust-grant-and-incentive-lines","mediaUrl","https://secure.pipeline.soar.com/6226872-1a861cf93b360df893270c64a95f5cfd/orig.mp4?Expires=1771027021&Signature=GFZwlVa4dnEPQObm2~OaUPQ6URnhO7i1pc~E9qSsJ3SV1xb9XTOXuryG1LZuX7rVm4DsmZGoCIfM5lEHT1e2RyfS6rfBzgJBfQfatrnG2cnF8aI0fUQLrQT23iAZjH~E3IzeLyfq4rgMj84XFB91m9xxcpvaZfcGTtYlOWnPty2rNZbiP~fUrTXxgWDbBpmrYIEpWSgl5TAG17022CODWyUJi5smT4lNT2B48wmpjWYBKwRTsQR1COYp4U-FRqLrQhOcqnrm7LBsr4EjqbEvX79QJTu~MzY-YN4myAHxECT2hqLU5TCXQrTfwlKn4XR58Z~L0D8KeuWyTMxAtUwqFg__&Key-Pair-Id=KUT5TJCACFTXG","author","Town of Trophy Club, TX","date","2025-05-25T05:34:58.85Z","article","The Economic Development Corporation reviewed its draft fiscal year 2025-26 budget and directed staff to update the draft to reflect a $150,000 allocation for the Thrive Business Grant and to retain $150,000 for incentive programs, with a final budget to be presented for approval in June.

EDC staff explained the revenue estimate and proposed expenditures: total revenues were shown as $776,250 and proposed expenditures as $741,763, reflecting a roughly 13% increase from the current year. Staff said the revenue projection reflects stronger sales-tax receipts compared with recent fiscal years and that prior budgets had been conservative. \"If you look at fiscal year '22, '23, and '24, we're well above 700,000. So we felt that around 776 I mean 750,000 was an appropriate amount to, propose,\" the staff member said.

Budget line items discussed included increasing the Thrive Business Grant to fully fund prior-year remaining amounts (a previously budgeted $150,000 of $300,000), a proposed $150,000 incentive bucket for new programs, professional services tied to McAdams for the small-area plan, and a transfer to the general fund shown as roughly $80,007.52. Staff noted legal-services expenses were reduced by $10,000 following completion of litigation last year.

Board members discussed whether to keep the Thrive allocation at $195,000 (the draft) or reduce it to $150,000 to preserve incentive funds; several members favored retaining the Thrive program at $150,000 and continuing it for another cycle while keeping an incentive bucket for attracting new businesses. One board member said: \"My position would be do the 1 50 instead of the 1 95. I personally, I think once this gets out into the public... I think we're gonna see additional applications.\" Staff said leftover Thrive funds from prior years and current fund balance (approximately $2,500,000) provide flexibility for larger initiatives.

No final budget adoption occurred at the meeting. Staff will update the draft per the board's direction and return the budget for formal approval in June; the budget must be approved by July 1.","mediaType","Video","parentTitle","Economic Development Corporation Meeting May 22, 2025","oneSentenceSummary","The EDC reviewed a draft FY2025-26 budget proposing $776,250 in revenues and $741,763 in expenditures, discussed revenue assumptions, grant funding levels for the Thrive program, an incentive fund, and available fund balance; the board directed staff to revise Thrive to $150,000 and to bring the final budget back for approval in June.","taxTitle","Trophy Club, Denton County, Texas","taxId",69462,"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},6226877,"EDC requests edits to Grove at Trophy Club small-area plan before council review",451,554000,1005000,"/Search/View?dp=1&key=3503225-c2b3042a802ccee534d9c75199c94295&start=554&end=1005","https://assets.pipeline.soar.com/3503225-c2b3042a802ccee534d9c75199c94295/thumbnail_554000.jpg","/articles/6226877/Trophy-Club/Denton-County/Texas/EDC-requests-edits-to-Grove-at-Trophy-Club-small-area-plan-before-council-review","https://secure.pipeline.soar.com/6226877-03ee4bab3e02c861e89f32f5a04b1f32/orig.mp4?Expires=1771027021&Signature=SwXh~WCpfoBzBQQzd3dneoNhh-dUKTFvOEmDyHvxKiHWv~CaFfGDNUg6FN0QvvdPY08x4dYqP26QrJNWCSFuBi8TKTaX36rBYo6lO9-LegCD6vML4J9XmoWW6HHzeq99GfcFR7SZedIlTVdC4BKLWO6akc446N294cAw3E0vqODjIarJFroK3rKsLlG060~HSEnZ5KcOihGrKYMSnHAY2rjGn6HkHI4IWYc4ty2DmoApbGbmCJoS7G21afg42P-uWbiJGz4rN0my~8fU5FL-PTHEa1y0nvcxMIV9NJhWgiYsxFVU77DyBs5cPv1jl~hvucguhjISc4v9AaxHOM1otw__&Key-Pair-Id=KUT5TJCACFTXG","The Economic Development Corporation reviewed the draft final Grove at Trophy Club Small Area Plan and directed staff to consolidate the EDC's edits and return a revised final to town council following EDC approval.

EDC staff said the draft, provided to board members on May 6, needs visual and stylistic improvements, factual clarifications in the market analysis, clearer timelines and an action matrix, and a reduced emphasis on hiring consultants to align with town council preferences: \"We currently it it currently players like bland and lacks a little bit of professional appearance... De emphasize the hiring consultants. If, you remember talking with town council, they, didn't wanna be told that they needed additional, hiring of consultants.\" Board members agreed on grammar and readability fixes and asked for local imagery and a more concise executive summary.

Specific edits requested included fixing grammatical errors; improving figure readability; replacing non-Trophy Club photos with local businesses; updating maps so existing on- and off-ramps appear as current conditions rather than proposed; clarifying numbers of homes and market-analysis figures; and adding time frames and an action plan matrix. One board member suggested that section headings and the definition of a small-area plan be made clearer for readers.

EDC staff said the consolidated comments will be sent to McAdams for revision. The EDC expects to take final action on the plan at its June meeting, after which staff anticipates presenting the plan to the Town Council in July. Board members were invited to submit additional comments to staff before the Monday following the meeting so they could be included in the materials sent to McAdams.

No formal adoption occurred at this meeting; the board provided feedback and directed staff to produce a revised final for the EDC's June meeting.","EDC members reviewed the draft final Grove at Trophy Club Small Area Plan, recommending edits on visual design, grammar, market analysis accuracy, and reduced emphasis on hiring consultants; staff will send consolidated comments to McAdams for a revised final prior to town council review in July.",{"_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},6226882,"Trophy Club EDC reports progress on Thrive business grants; one application rescinded",195,341000,536000,"/Search/View?dp=1&key=3503225-c2b3042a802ccee534d9c75199c94295&start=341&end=536","https://assets.pipeline.soar.com/3503225-c2b3042a802ccee534d9c75199c94295/thumbnail_341000.jpg","/articles/6226882/Trophy-Club/Denton-County/Texas/Trophy-Club-EDC-reports-progress-on-Thrive-business-grants-one-application-rescinded","https://secure.pipeline.soar.com/6226882-44fa4bbdff7d1f8367d6e21180f6d831/orig.mp4?Expires=1771027021&Signature=FMHiW2~jwZLJWOcyGr6oQyRdtiUMht61r4vWP~jUIkZbp7bjtFNIFfTAKKl24e2-kkNDJTq84K~~OGJ2LVVfiww2mDp1MwfR-Z8Hhd7-RQ8wvlr4WW4AmZs~FCzVYgufj7v3zekAjwfvtTb8hBBKG-HeI1GfN-YH0Cs~i3U8bmx6wKH6Ezse6phakGOKa7EIBCjsLQ4PfLK-8LxacbP0cbDSWXlg0IOrdYMPgWLa1tA~sGhTBfN-pXQKWxEejn0KlRIwyzlA4H0RI5KEAA5UxjMIKuiIMu8jEiTT4fYyD-aZtTFRcwW3Ig~MTsGE~k-0JH02UXKuZx5TXspSOWNEAg__&Key-Pair-Id=KUT5TJCACFTXG","The Economic Development Corporation (EDC) of Trophy Club heard an update on the Thrive Business Grant program at its meeting, where staff said Cycle 1 is underway with four projects and one award rescinded for failure to provide required paperwork.

EDC staff told the board that four Cycle 1 projects are underway and that staff inspected one business, Jolley, and approved the work. The staff member said the business will submit receipts and finance will perform the final review before reimbursement: \"They'll provide their receipts to us and then we'll send it over to finance. And finance will do the last review and make sure that we can reimburse them for their amount.\" The staff member added that one Cycle 1 application was rescinded after the applicant failed to provide a performance agreement by the stated deadline and may reapply for Cycle 2.

The update also covered Cycle 2 outreach. The staff member said the EDC has run a four-week banner campaign through June 9, placed notices in the town newspaper and social media, and secured a slot with Metroport's Chamber Latte event. The staff member reported direct outreach to commercial areas \"by the golf course\" and the \"Bobcat area,\" and said several businesses indicated they would apply.

Board members asked procedural questions about inspections and documentation. When asked whether a written inspection record was needed, the staff member confirmed it would be documented for the record. The staff member also brought sample materials — applications, flyers, a QR code and business cards — and asked that board members distribute them to local businesses.

Next steps outlined by staff: continue Cycle 2 outreach, accept new applications, inspect work completed under Cycle 1, collect receipts, and forward reimbursements to finance. No formal vote was recorded on program changes at the meeting.

The EDC will consider any Cycle 2 applications as they arrive; applicants who missed Cycle 1 requirements were instructed to reapply for Cycle 2.","EDC staff told the Economic Development Corporation that Cycle 1 of the Thrive Business Grant is underway with four projects (one inspected and approved), one Cycle 1 award was rescinded for missing paperwork, and outreach for Cycle 2 is under way with marketing and one new application submitted.","actionData","errors"]

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Trophy Club EDC reviews draft FY2025-26 budget, directs staff to adjust grant and incentive lines

EDC requests edits to Grove at Trophy Club small-area plan before council review

Trophy Club EDC reports progress on Thrive business grants; one application rescinded