2 Denton Business Chronicle
May. 2013
Career Advancements Danielle Shaw became the new Human Services Coordinator for the city of Denton Community Development Division. Prior to joining the commuShaw nity development division, she spent 12 years as executive director of the American Camp Association in Texoma. Shaw has more than 20 years of experience in human development programs for nonprofits, agencies and parks and recreation, according to the city of Denton’s Community Development March 2013 newsletter. Shaw holds a bachelor’s degree in exercise and fitness management from the University of Central Oklahoma. She is completing her Master of Library Science at Texas Woman’s University. I Catherine Shuler joined
Dallas-based Michael A. Burns and Associates as an account executive last fall. Shuler will support the Shuler agency’s media relations and social media campaigns. Her responsibilities range from building an online presence for clients to managing social media programs to generating press coverage for the agency’s hospitality and home-furnishings clients. She also supports special event initiatives and trade shows. Shuler graduated from the University of North Texas’ Mayborn School of Journalism with a bachelor’s degree in public relations and a minor in Spanish in 2012. Along with Shuler, MB&A also hired Rachel Kaufman, a graduate of the University of Missouri with a bachelor’s degree in political science and journalism, as a staff writer and Sidney Owallah, a graduate of the
University of Texas at Dallas with a bachelor’s degree in electrical engineering, as a Web engineer. Founded in 1989, Michael A. Burns & Associates Inc. is a strategic communications firm specializing in business-to-business, branding and creative services. For more information, visit www.mbapr.com . I Last month, Tony Robinson was sworn in as new FEMA Region 6 administrator. Robinson has been with FEMA since 1987. He previously served as Region 6 deputy administrator and as recovery division director. He was responsible for the administration of recovery programs in the five states that make up the region — Arkansas, Louisiana, New Mexico, Oklahoma and Texas. I DATCU President and CEO Dale Kimble was named Professional of the Year by the Texas Credit Union League.
The award was presented on April 3, during the league’s meeting and expo in Austin. The league recognizes leadKimble ers and professionals who are committed to the credit union industry and movement. “I am deeply humbled and attribute any successes that I have had to a great board of directors, dedicated management team and committed employees,” Kimble said in a news statement. “I am deeply passionate about how DATCU, as a credit union, helps our members and our community.” I University of North Texas student Thomas Pemberton was recently named Collegiate Marketer of the Year by the Dallas/Fort Worth American Marketing Association. Pemberton, 25, a junior studying marketing in UNT’s
College of Business, received the award at a gala April 11 in Dallas. He was nominated for Pemberton implementing a digital marketing strategy for Culinaire International. The project used emerging technology and social media to increase brand awareness, brand affinity and revenue for the Belo Mansion, according to a news release. While attending UNT, Pemberton works full-time as a project manager with Spych, a Dallas-based marketing research and strategy consulting firm. In addition, he owns an online business called Trending Global. He launched and continues to operate this business — with the help of his first hire, his mother — in the tech accessories market, a news release said. Pemberton plans to graduate from UNT in December.
Buffalo Gap Road, in Abilene. I
The Wash Factory is expected to open at the end of August 2013.
Monthly News Recaps I
4-3
Savings identified for new animal shelter
Denton county selects firm for collections
Denton city staff members have identified two pots of savings in the city budget that could be set aside for the new animal shelter, the last step needed before the building’s construction goes out for bid this month. The entire project, which included acquiring the land, was estimated to cost about $7 million, and the city had allocated about $4.4 million so far, Denton Police Capt. Scott Fletcher told the council. The Denton Animal Shelter Foundation has about $1.5 million in hand to help the city pay for the new building. But the foundation raised another $505,000 as in-kind donations, which the city cannot count until it is received, Fletcher said.
After hearing from Judge Beck Kerbow, who is the majority user of the collection services, commissioners voted 3-2 to have a one-year contract with an option for three years drawn up for the firm she has been using the past few years — McCreary, Veselka, Bragg & Allen PC. The firm has collected $221,000 in fines so far. 4-5
Endowment helps keep UNT program going A new $2 million endowment will allow significant funding for the University of North Texas to continue it’s popular teacher training program, college officials said. Half the money came from
private donations, and the second half came from a $1 million matching grant from the National Math and Science Initiative, funded by the Exxon Mobil Corp., the Bill & Melinda Gates Foundation and the Michael & Susan Dell Foundation. 4-7
Bookkeeper Girl opens new location in Abilene Kim Pollard, CEO of Bookkeeper Girl Inc., an online bookkeeping and payroll firm, opened her fourth business office this month. She started Bookkeeper Girl from her home in Ponder, and a month later had an office location in Denton inside the Texas Building in 2009. She also has a location in Austin and Dallas. The new office is at the First Financial Bank building, 4400
Golden Chick restaurant moves locations Gene Gumfory recently moved his Golden Chick restaurant from Denton on West University Drive to Aubrey at 26735 E. U.S. Highway 380. Gumfory said in a news statement that he saw the need to introduce Aubrey residents to the Golden Chick-type of chicken. Gumfory said that he looks forward to working with members of a developing town and helping fuel the local economy. I
Mann to open second car wash location Brad Mann’s second car wash location will open next door to Rocky’s on 1900 W. University Drive.
4-9
County $5 million less in debt now Denton County is $5 million less in debt thanks to some timely refinancing of bond debt. James Wells, the county’s auditor, said the refinancing cost the county nothing. Commissioners voted on the refinancing a few weeks ago and the process was completed in recent days. Bond refinancing is analogous to homeowners refinancing their mortgage to take advantage of better rates, Wells said. He said the county had bonds from 2005 to 2006 that were issued at a much higher rate. | CONTINUED ON PAGE 14
Contents |
May 2013
Calendar of Events Altrusa International Inc. of Denton meets for its monthly dinner and program at Vigne Wine Shop & Deli, 222 W. Hickory St. Cost is $10 per person. Call 940-387-5031 for reservations or visit www.altrusadenton.org.
Investment Perspective Seminar hosted by financial adviser Kathy R. Bauer of Edward Jones at 2925 Country Club Road, Suite 101A, in Denton. Coffee is complimentary. Call 940-482-0280
Tuesday, May 28, 6:30 p.m.
Thursday, June 20, 9 a.m.
Association of Business Contingency Planners, North Texas Chapter has its monthly luncheon at H5 Colo at 12712 Park Central in Dallas. Cost is $35 per person. For more information, visit http://northtx.acp-international. com/Meetings.htm.
Lake Cities Chamber of Commerce will have a mixer aboard the Chamonix II Dallas on Lewisville Lake. Hors d’oeuvres and drinks will be served on board. The pier is located at Pier 121, 1481 E. Hill Park Rd. Cost for members with RSVP, $30; members at the door, $35; and non-Members, $40. Space is limited so be sure to RSVP to 940-497-3097 or e-mail melissa@lakecities chamber.com.
SCORE, the Service Corps of Retired Executives offers free management counseling for prospective new business owners or existing businesses in trouble. Confidential, one-hour counseling sessions are available by appointment every Wednesday at South Branch Library, 3228 Teasley Lane. Call 940-3498752 to make an appointment.
Thursday, May 23, 7 p.m.
Wednesday, May 22, 9 a.m.
Tuesday, June 4, noon
Aubrey 380 Area Chamber of Commerce meets at the Prairie House Restaurant at 10001 U.S. Highway 380 in Cross Roads. Cost is $12 per person, reservations required. Call 940-3659781 or e-mail chamber@ aubreycoc.org. Wednesday, June 19, 11:30 a.m.
Index May 2013 | Vol. 9, No. 3 Publisher: Bill Patterson The contents of this free publication are copyrighted by Denton Publishing Company, 2008, a subsidiary of A.H. Belo Corp. (www.ahbelo.com, NYSE symbol: AHC), with all rights reserved. Reproduction or use, without permission, of editorial or graphic content in any manner is prohibited. Denton Business Chronicle is published monthly by Denton Publishing Company, 314 E. Hickory St., Denton, TX 76201. E-mail: drc@dentonrc.com
Jonathon Fite | 4 Other Enterprising Voices | 4, 6, 7 Mixers | 8, 10, 16, 18 Monthly News Recaps | 2 Career Advancements | 2 Vital Statistics | 18-23
On the cover: An employee handles the delicate produce at the new Target Distribution Center in Denton. Photo by Al Key
Who to contact Dawn Cobb Managing Editor 940-566-6879 | dcobb@dentonrc.com Sandra Hammond Advertising Director 940-566-6820 | shammond@dentonrc.com Shawn Reneau Advertising Manager 940-566-6843 | sreneau@dentonrc.com
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Denton Black Chamber of Commerce meets at the Denton Housing Authority, 1225 Wilson St. Tuesday, June 11, 6 p.m.
Thursday, May 16, 9 a.m.
Saturday, June 15, 9:30 a.m.
Thursday, May 23, 8 a.m. Thursday, May 30, 8 a.m. Thursday, June 13, 8 a.m.
Wednesday, May 22, 6:30 p.m. Wednesday, June 12, 6:30 p.m.
Wednesday, June 5, 9 a.m. Wednesday, June 12, 9 a.m.
Small Business Breakfast meeting sponsored by the North Central Texas College Small Business Development Center at the Denton Chamber of Commerce, 414 Parkway St. A light breakfast is provided. Call 940-3801849. Tuesday, June 11, 7:15 a.m.
Lake Dallas 4A Economic Development Corp. meets at Lake Dallas Municipal Complex, 212 Main St. Monday, June 3, 7 p.m.
Denton Planning and Zoning Commission meets in the council chambers at City Hall, 215 E. McKinney St.
Thursday, May 23, 11:15 a.m.
Wednesday, May 29, 9 a.m.
Lake Cities Netweavers business networking group meets at the IHOP restaurant off Interstate 35E in Hickory Creek. Cost is $12 and includes breakfast. For more information e-mail info@lcnetweavers.com.
Thursday, June 6, 8 a.m.
Denton League of United Latin American Citizens No. 4366 meets at the Denton Senior Center, 509 N. Bell Ave.
North Texas Society for Human Resource Management meets at Holiday Inn Hotel and Suites, 1434 Centre Place Drive in Denton. Cost to attend is $18 for members and first-time guests and $23 for returning nonmembers. Visit www.northtexas shrm.org.
Lake Dallas 4B Community Development Corp. meets at Lake Dallas Municipal Complex, 212 Main St.
Women Business Owners of Denton County will hold its monthly luncheon at Los Toreros, 2900 Wind River Lane. Tuesday, June 4, 11:30 a.m. Please tell us about your event or meeting by e-mailing Karina Ramírez
Monday, June 10, 7 p.m.
at kramirez@dentonrc.com; by fax at
NAACP, Denton County Chapter meets at the Denton Housing Authority, 1225 Wilson St.
Calendar, Denton Record-Chronicle, 314 E. Hickory St., Denton, TX 76201.
Thursday, June 13, 7 p.m.
6878.
940-566-6888; or by mail to DBC
Hickory Creek Planning and Zoning Commission meets at Hickory Creek Town Hall, 1075 Ronald Reagan Ave. Wednesday, June 5, 7 p.m.
Home Builders Association of Greater Dallas, Greater Denton Division has its monthly meeting and luncheon at Texas Land and Cattle, 8398 South Stemmons Freeway in Lewisville. Cost is $15 for associates and builders with reservations and $18 for walk-ins. Call 940-383-0853. Tuesday, May 28, 11:30 a.m.
Oakmont Women’s Club, a social organization dedicated to community service through fundraising events and activities, meets at St. Andrews Room at Oakmont Country Club, 1901 Oakmont Drive in Corinth. Annual membership is $25. For more information, call 940-3215599 or visit, http://oakmontwomensclub.org. Tuesday, June 11, 10 a.m.
She also can be reached at 940-566-
Denton Business Chronicle
May. 2013
4 Denton Business Chronicle
Enterprising Voices
Value investing as time arbitrage May. 2013
“In the short run, the market is a voting machine. But in the long run, it is a weighing machine.” – From The Intelligent Investor by Benjamin Graham
B
enjamin Graham (18941976) was one of the world’s great investing thinkers, and also a great teacher of investing principles. His students at Columbia University — Warren Buffett is the most famous — went on to become great long-term investors, and firmly established value investing as the most successful investing approach. One of Graham’s key lessons to his students was to liken short-term market movements to a “voting machine,” a popularity contest driven by waves of greed and fear. Market participants can be counted on to greedily chase a sexy story to
Jonathon FITE | unreasonable heights. At other times, they can fearfully overreact to temporary setbacks, and drive a stock price down to ridiculously low levels. Sometimes investors are so fickle that these emotional extremes can occur within a short time span for the same stock. Witness the transformation of Apple in the past year from an overpriced darling above $700 per share in mid-2012 to an undervalued opportunity recently below $400. But Graham also noted that
in the long run, the market becomes a “weighing machine” over which the fundamental “weight” of a company — its assets, earnings power and growth potential — is eventually understood by market participants. Value investors always keep in mind that a share is an ownership interest in a real business, not merely a ticker symbol with a fluctuating price. How long is the “long run?” Well, we have found that it typically takes two to three years for the market voting machine to turn into a weighing machine. That’s why we ask partners in our investment partnership to maintain an investing horizon of at least three years, preferably much longer. While some market participants fret about potential “draw down” risks — volatility in any particular day, month or quarter — we find these concerns irrelevant except
to the extent such volatility provides opportunities to buy stocks of good business at bargain prices or to exit stock holdings at their intrinsic value. The key is to understand the true drivers of a business’ value and to exploit the voting machine’s movements over time to your advantage. To see how Time Arbitrage works, let’s take the recent examples of Wal-Mart and Bank of America. In our May 2011 article “Quality is Cheap” we wrote extensively about how Wal-Mart shares were seriously undervalued, priced as if that dominant global retailer would shrink forever. Investors fixated on WalMart’s stagnant U.S. same-store sales. Investors were dumping Wal-Mart shares, oblivious to the fact that the company’s capable management team had a very credible turnaround plan to increase its product offerings
and continue its growth in emerging markets. Many naysayers noted that Wal-Mart’s share price had been “dead money” for a decade — perhaps not realizing that the company had tripled its profits in that period. Seeing an amazing bargain, our fund established a large position in Wal-Mart. As exiting shareholders stampeded out of the stock and drove it lower, we purchased more. How did this turn out? Fastforward two years, and WalMart shares have risen 60 percent, an astonishing gain for such a large and stable business, and much more than the overall market. An even more striking example of time arbitrage is Bank of America. During the housing crisis, BofA acquired Countrywide Financial, then one of the nation’s largest mortgage lenders. This proved to be one of the most damaging acquisitions in history as it FITE | CONTINUED ON PAGE 9
Buying property at foreclosure sales: a deal or a dud?
I
f you ever watch late-night television, then you have seen those infomercials touting the ability to make you an overnight millionaire by purchasing financially distressed real estate. There are many individuals and companies who have built successful lives and businesses through the acquisition of financially distressed real estate. However, unless the process is fully understood and the risks are knowingly accepted, the purchase of financially distressed property at a foreclosure sale is not necessarily for the cash rich novice. The following legal and practical issues should be considered prior to acquiring property at a non-judicial foreclosure sale held under a Texas deed of trust. A deed of trust is the document that a borrower gives to a lender to secure the repayment of a loan with real estate. In a
Scott ALAGOOD | typical Texas mortgage, the parties involved are the borrower, the lender, the trustee and the owner of the real estate pledged as collateral (“mortgagor”). The borrower is the party responsible for the repayment of the loan. The lender is the party who funded the loan and is the beneficiary of the pledged real estate. In Texas, a trustee performs the duties and responsibilities contained in the deed of trust when the borrower defaults on the loan. The mortgagor is the party pledging the
property as collateral for the loan. It should be noted that nonjudicial foreclosures in Texas are generally governed by Chapter 51 of the Texas Property Code and the documented agreements between the lender and borrower contained within the loan documents. Certain publicly filed documents which should be reviewed are the deed of trust, renewals/extensions of the deed of trust, Notice of Trustee’s/Substitute Trustee’s Sale, and any other document affecting title to a mortgaged property — such as easements, leases, liens, restrictions, covenants, estates and mineral interests, just to mention a few. Unless a purchaser is adept at researching property titles, it is advisable to purchase an abstractor’s certificate from a title company. There may be other issues
which will affect title to the property being foreclosed which do not appear in the public real property records. Some of these issues include encroachments, protrusions, overlapping improvements, set-backs, zoning, platting, building ordinances, flood zones, drainage, utilities, bankruptcy filings, lawsuits and probate records. Issues which are located on the ground can be addressed by ordering a current survey of the property. However, permission from the current owner must be obtained before legally entering the property to conduct a survey. This can be very difficult, if not impossible. Other issues may be addressed through inquiries of public officials and employees. While information obtained through governmental offices can be valuable, such information may not be completely reliable, and the persons supplying
it are typically not liable for inaccuracies. Except for warranties of title contained in the foreclosure Deed — from the mortgagor not the Trustee/Substitute Trustee — property purchased at a foreclosure sale is sold “as is” without any other warranties and at the purchaser’s own risk. The purchaser will acquire the property subject to all physical and title conditions which exist on the date of the foreclosure. Any tenants or occupants of the property on the date of the foreclosure sale may also have rights as parties in possession of the property. Even if the purchaser acquires a meaningful warranty in the foreclosure deed, enforcing such warranty may be impractical since the mortgagor is usually in dire financial straits. A foreclosure sale may be set ALAGOOD | CONTINUED ON PAGE 15
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ADVERTISER FOCUS: KOONSFULLER, P.C.
Historically, grandparents have played a vital role in the development, nurturing, and care-giving of their grandchildren. It is hoped they always will. Questions tend to arise, however, when the grandchild’s parents split up, divorce, pass away, become incarcerated, or are found to be otherwise unfit. When those questions arise and the water gets muddy, what are a grandparent’s rights? Oftentimes, grandparents are found in primary care-giving roles for their grandchild on a full-time basis when the grandchild’s parents are unable to provide for the child, or in cases of emergency or tragedy. Again, it is often a grandparent who acts as the child’s parent. On the other hand, there are times when grandparents find themselves excluded from having possession or access to their grandchild by one or both of the parents. “It can be a battle for grandparents who want to maintain relationships with their grandchildren, when something happens to the parents or when grandparents become estranged from the parents,” says Charla Bradshaw, Managing Partner of the Denton office of KoonsFuller, P.C., a law firm exclusively limited to the practice of family law. She notes that in 2000, the U.S. Supreme Court issued a decision in Troxel v. Granville that severely limited grandparents’ rights. The U.S. Supreme Court in Troxel held, “The Fourteenth Amendment protects the fundamental right of parents to make decisions concerning the care, custody,
Denton Business bond between the grandparent(s) and Chronicle
GRANDPARENTS RIGHTS
and control of their children.” Ms. Bradshaw contends “Grandparents must overcome the presumption that parents are acting in their child’s best interests as they make decisions related to their care, custody and control [as it relates to the grandparents].” She points out “The presumption is a rebuttable presumption, and grandparents that can make their case may very well prevail in their pursuit for conservatorship or possession and access.” There are two types of suits grandparents can attempt to pursue, those being: (1) a suit for conservatorship (custody) or (2) a suit for possession and access of a child. First and foremost, grandparents must establish that they have “standing” (the right) to bring the suit for conservatorship or possession and access of a child. The threshold associated with each respective suit differs and must be met in order to proceed for conservatorship or
possession and access by a grandparent. If grandparents have standing, the courts must then consider the “best interests” of the child when making decisions regarding grandparent rights. Courts throughout the state of Texas have looked at a multitude of factors in conjunction with the “best interests” standard and the Troxel decision, which should be considered in a grandparent suit for conservatorship or possession and access, including some of the following:
• Whether or not the denial of possession or access would significantly impair the child’s physical health or emotional well-being. • The parent’s care, custody and control of the child. • The safety and welfare of the child. • The capability of the parents and/or grandparents to meet the child’s needs. • The strength of the relationship and
grandchild. • The length of time that the child has been with the grandparent(s). • Evidence of abuse or neglect by the parent(s) or grandparent(s). • Evidence of substance abuse by the parent(s) or grandparent(s). • The ability of the parent(s) or grandparent(s) to provide love, affection, and contact with the child. • The physical distance between the child and the parent(s) or grandparent(s).
Bradshaw believes that if grandparents have a better understanding of grandparent rights, they can help ensure that their relationship with their grandchildren does not end when something happens to the parents or within the family unit. “Every case involves a unique set of facts,” she says. “Grandparents who suddenly find themselves cut off from their grandchildren should consult a lawyer with experience in this field to discuss the appropriate course of action.” The waters do not have to stay muddy. KoonsFuller attorneys deal with a wide array of resources that help you filter the waters and address questions and issues related to conservatorship, possession and access, and agreements benefitting grandparents and grandchildren.
(Pictured from left) Eric Navarrette, Neda Garrett, Sean Abeyta, and Charla H. Bradshaw
Denton 320 West Eagle Drive Suite 200 Denton, Texas 76201 (940) 442-6677
Dallas 1717 McKinney Avenue Suite 1500 Dallas, Texas 75202 (214) 871-2727
Southlake 181 Grand Ave Suite 225 Southlake, Texas 76092 (817) 481-2710
Plano 5700 West Plano Parkway Suite 2200 Plano, Texas 75093 (972) 769-2727
Houston 109 North Post Oak Lane Suite 425 Houston, Texas 77024 (713) 828-5090
May. 2013
KoonsFuller has experienced attorneys who have both the knowledge and resources to serve clients in matters including complex divorce litigation; property division of any size estate; marital agreements both before and after marriage; asset tracing, valuation and division; child custody, possession and access to children, child support and paternity; grandparent and third party rights to children; and, trial and appellate work, as well as offering litigation alternatives such as mediation, settlement conferences, arbitration and collaborative law, across Texas and the nation.
To learn more about the rights of grandparents in custody and visitation disputes, contact Charla Bradshaw at 940-4426677.
ABOUT KOONSFULLER KoonsFuller, P.C. is the largest Southwest-based family law firm in five Texas locations – Dallas, Southlake, Plano, Denton and Houston. For more information, visit www.koonsfuller.com
www.KoonsFuller.com
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6 Denton Business Chronicle
May. 2013
Enterprising Voices
Bringing back an old friend: R&D tax credits I remember back in the day, early in my economic development career, the state of Texas didn’t have many incentives that were effective in recruiting companies to Texas. However, there was a thing called Franchise Tax Credits for research and development (R&D), capital investment and job creation that was often of interest to companies we were trying to recruit. Besides that,
Karen DICKSON | and the defunct Smart Jobs program, that was about it as far as
state-level participation. Then, in the early 2000s, when the state implemented the margins tax for corporations, the franchise tax credits went away. Fast forward to today. In the current 83rd Legislature, a bill (HB 800) has been proposed to bring back franchise tax credits for research and development. According to the committee report, the purpose of the bill is “to make Texas economically
competitive in the field of research and development by establishing a tax credit for research and development and consequently encouraging new investments, promoting the creation of high-paying jobs, and complementing Texas’ manufacturing industries through innovation and efficiency.” This type of incentive is significantly more important in our current day in time than previously before as
research and development has come to the forefront of all levels of government and economic development as a high priority because research and development activity creates high-paying jobs that provide substantial benefit to the Texas economy and that is something that all cities care about. HB 800 “amends the Tax DICKSON | CONTINUED ON PAGE 15
The Hyundai Sonata was awarded “Most Dependable Midsize Car” in the just-released J.D. Power & Associates Vehicle Dependability Study.
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Enterprising Voices
Denton Chamber of Commerce offers programs
T
he 2013 Leadership Denton class graduation was held Friday, April 26 during the Chamber Quarterly Membership luncheon at Buffalo Valley Events Center. With the 17 participants in this class, the total number of individuals that have completed Leadership Denton is 488. Included among these graduates are the present Mayor Mark Burroughs, as well as his predecessor, Dr. Perry McNeill, plus, current City Council Member James King. Initiated by the chamber in 1985, this program offers a series of comprehensive training sessions designed to help make interested Denton area residents
Chuck CARPENTER | better aware of opportunities for community, philanthropic service and all levels of public office. Applications for the 2014 Leadership Denton class are now available online at www.leader shipdenton.com with a deadline of May 31. Interested individuals must be a citizen of the United
States, of voting age and have resided within the boundaries of the Denton Independent School District for at least one year as of September 1, 2013. All applicants will be required to participate in a personal interview. Sessions will begin August 16 and 17 with a team building retreat. Other topics include municipal government, cultural arts, opportunities in non-profit organizations, youth and education and an overnight trip to Austin focusing on state government. RED, WHITE & JAZZ: WILD ABOUT WINE! The second annual Women in
Commerce Red, White & Jazz networking event will be held Wednesday, June 12 at Wildwood Inn. Women in Commerce is a Denton Chamber initiative that began in 2010 with the goal of promoting and supporting women owned and operated businesses. The Denton Chamber invites all Chamber members and women business professionals in Denton County to participate in an evening of upscale fun. Guests will enjoy samples of fine wine, delectable food, an eclectic art gallery with pieces for purchase by local Denton artists, live jazz and a fabulous assortment of raffle items. Attendees are encour-
aged to attend in groups or with significant others for this enjoyable evening. Registration for this event is now open but space is limited. General admission is $50 per person and $35 for Chamber members. Special discounts are available for groups of five or more. Guests may contact the Denton Chamber of Commerce for questions about this event at 940-382-9693 and may RSVP at www.denton-chamber.org. CHUCK CARPENTER is president of the Denton Chamber of Commerce. He can be reached at dcoc@dentonchamber.org.
Check out the Denton Business Chronicle online at dentonrc.com/businesschronicle
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Denton Business Chronicle
May. 2013
8 Denton Business Chronicle
May. 2013
Business Mixers Oakmont Women’s Club Spring Tea On April 20 Oakmont Women’s Club of Corinth held its annual Spring Tea at the Oakmont Country Club. Tina Henderson and Connie Pendergast emceed the event. The tea was well attended and was made possible by corporate sponsors and the individuals and businesses who donated the door prizes. The tables were decorated by several club members and the roses courtesy of Janet Herbison. A four-course menu and tea were prepared and served by the club chef. Guests were entertained with soft background music provided by Frankie Rowswell with entertainment by the Teatotalers also known as Catherine Fritts, Debbie Hudson and Rachel Hudson.
Women fill the room where the event was held. Courtesy photos
Amy Elias, left, and Joyce Sinclair won Most Elegant and Most Creative Hats, respectively.
Emcees were Tina Henderson, left, and Connie Pendergast.
The Teatotalers, also known as, left to right, Debbie Hudson, Catherine Fritts and Rachel Hudson, perform.
Mix with us Tell about your event or send photos
E-mail photos (200 DPI or higher) to drc@dentonrc.com
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Enterprising Voices FITE | CONTINUED FROM PAGE 4
exposed the company to tens of billions of dollars of liabilities from dubious mortgage loans that Countrywide had packaged and sold during the housing bubble. In the single digits, BofA shares were trading at less than half of book value — the net assets of the business. Upon a closer analysis, we estimated that this discount was not warranted even in a worst-case scenario of mortgage losses. Furthermore, it was evident to us that under the leadership of new CEO Brian Moynihan, BofA was cleaning up its lending practices, selling non-core businesses and dramatically strengthening its balance sheet. We established a position in BofA in our fund in the summer of 2011. Time arbitrage worked again. Nearly two years later, Bank of
America shares are up more than 50 percent. But the BofA investment also showed what it takes to execute time arbitrage: the capacity to bear short-term pain and volatility while waiting for long-term gains. Shortly after we initiated our purchase, BofA’s shares plummeted nearly 50 percent as Eurozone fears flared up and several large shareholders dumped the stock. We took this opportunity to dramatically increase our fund’s BofA position. This also helps explain why the principles of value investing and time arbitrage are so rarely practiced, in spite of their phenomenal success. Time arbitrage requires patience and emotional resilience, as well as prudence. That’s why value investors often maintain ample cash reserves and avoid leverage so they can exploit volatile markets rather
than becoming their victims. The emerging field of behavioral finance has provided some interesting insights into investor behavior. Human nature tends to put too much emphasis on new information and tends to unwisely extrapolate short-term trends. This fallacy, known as “recency bias,” causes investors to think that a fast-growing company will rise to the moon, or that a company experiencing recent disappointment will forever disappoint. The more common reality is that every business has its ups and downs. A business’ profits can be lumpy, but tend to “revert to the mean” over time. Value investing requires us to look past the heat of the current moment. In addition to such cognitive biases, many fund managers also face other constraints that impede their ability to think long-term. Many managers are
measured and compensated based on how they performs compared to market indexes in a given month or quarter. Volatility in quarterly returns or short-term underperformance can be career-threatening. During the dot com bubble in the late 1990s several fund managers lost their jobs because they refused to jump on the bandwagon and invest in overvalued tech stocks. This creates perverse incentives to sacrifice longterm wealth creation at the altar of quarterly results. Over the past few months, once cheap, high-quality businesses have become pricey (note Hershey close to 30x earnings or Johnson & Johnson north of 23x). These great businesses may grow into these valuations over time, but the cheapness they offered just a few years ago no longer exists. By contrast, in recent weeks we have found
intriguing opportunities in the high-tech, energy, auto supplier, shipping and mining industries. These ideas may take a couple of years to bear fruit, and there may well be setbacks along the way. Fortunately, our fund has a group of Partners with a longterm perspective which is a crucial competitive advantage that enables us to exploit time arbitrage. JONATHON FITE is a managing partner of KMF Investments, a Texas-based hedge fund, and an adjunct professor with the College of Business at the University of North Texas and the University of Arkansas. This column is provided for general interest only and should not be construed as personal investment advice. Comments may be sent to Jonathon.Fite@ KMFInvestments.com.
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Denton Business Chronicle
May. 2013
10 Denton Business Chronicle
May. 2013
Business Mixers Acme Brick Company celebrates 122nd birthday Over 15 years ago, Acme Brick Company began celebrating the company’s April 17th birthday by giving each associate a present to honor the occasion. This year Acme associates received a roadside assistance kit that included a pair of jumper cables in addition to an emergency flashlight, rain poncho, and “help” sign. Acme Brick Company was founded April 17, 1891. During the ensuing 122 years, Acme Brick has grown to become the largest brick company in America and one of the few major brick companies that is American-owned. Courtesy photo
Dennis Knautz, President and CEO of Acme Brick Company puts the company's gift of jumper cables to good use on the Acme birthday cake.
Denton League of United Latin American Citizens No. 4366 Denton’s League of United Latin American Citizens No. 4366 granted scholarship awards to 22 students during the organization’s 32nd annual scholarship banquet at Denton Country Club on April 4.
• Secure, specialized Alzheimer’s/Dementia care • Medication assistance • Internet game room/Ice cream parlor • Wellness center/Physician visits • Housekeeping & laundry • Beautiful enclosed courtyard • Activities & social programs • Pets welcome • Concierge services available • RN and LVN on staff 5 days and on call 24/7
Experience the Difference Willow Bend Assisted Living
River Oaks Assisted Living
2125 Brinker Rd., Denton, TX 76208
1530 East Sandy Lake Rd., Coppell, TX 75019
and Memory Care Community
940-381-3000
Photo by Karina Ramírez
Students receiving scholarships from the Denton chapter of the League of United Latin American Citizens No. 4366 included, front row, left to right, Macarena Astorga, Ariana Rodriguez, Tatiana Hernández, Priscilla Sánchez, Taylor Gutierrez, Sandra Torres and Lyzandra Cedeno; and back row, left to right, Maira Carlos, Melia Peña Peña, Jessica Soberanes, Robert Champion, Theresa Mata, Saul Díaz, Benjamin Jimenez, Bruno Ponce, Raelynn Garcia, Stephanie Cadar, Jocelyn Almaraz and Cristal Benitez-Lopez.
License # 104946
and Memory Care Community
214-390-2450
License pending
Rosewood Assisted Living
Rock Ridge Assisted Living
4141 Long Prairie Rd., Flower Mound, TX 75028
720 East Ralph Hall Parkway, Rockwall, TX 75032
and Memory Care Community 972-829-2050
License # 105287
and Memory Care Community
469-757-8300
www.SignatureSeniorLiving.com
License Pending EO
Texas Health Presbyterian Hospital Denton Texas Health Presbyterian Hospital Denton donated $1,000 to North Central Texas College on behalf of the physicians on the medical staff. The hospital made the donation on March 30 as part of festivities for National Doctors’ Day to recognize the care the hospital’s physicians provide to patients.
Courtesy photo
Denton Chamber of Commerce Seventeen members graduated from Leadership Denton on April 26. The ceremony was part of the Denton Chamber of Commerce’s membership luncheon at Buffalo Valley Event Center. The Denton Chamber of Commerce program offers a series of comprehensive training sessions to help area residents learn about opportunities for community and philanthropic service, as well as all levels of public office.
Mix with us Tell about your event or send photos
Courtesy photo E-mail photos (200 DPI or higher) to drc@dentonrc.com
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11
Denton Business Chronicle
May. 2013
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12 Cover Story
Denton Business Chronicle
May. 2013
Distribution right on target By Karina Ramírez | Photography by Al Key
High traffic and movement began recently at the new Target Distribution Center in Denton. It has been just more than a month since the center first shipped produce to local stores. The staff at the 360,000square-foot building had been shipping only meat since March 8, the center’s official first day of operation. The Denton location at 3255 Airport Road is one of four food distribution centers for
Minnesota-based Target Corp. It is the first robotic food and perishable distribution center dedicated to organize and deliver better and fresher produce, as well as other grocery products, to approximately 235 stores throughout Texas, Arkansas, Kansas, Louisiana, Mississippi, Oklahoma and Tennessee. “It is the busiest we have been
since we opened,” said Steve Dembowski, the general manager. The center is a state-of-the art, energy-efficient and environmentally friendly ammonia refrigeration system composed of four chambers that at different temperatures will accommodate more than 5,500 different food products. It is the company’s most automated distribution center to date, Dembowski said. Before a recent tour of the new facility, employee Rodney Wilson spent a couple of min-
utes providing a short ammonia safety presentation, which he said was standard procedure for all guests and needed for safety reasons. The reception area contains art pieces displayed across different hallways. The pieces with vibrant colors were designed by art students from the College of Visual Arts and Design at the University of North Texas. The artwork was professionally framed and installed by American Fine Art, a company based in Dallas. “We partner with local univer-
The main building of the Target Distribution Center in Denton is a nine-story refrigerated warehouse where food is received, labeled, stocked, pulled and shipped by a fully automated distribution system. sities whenever we put in a facility and have an artist from the area produce artwork we purchase,” Dembowski said. Next to the reception area is a training room to one side and a cafeteria on the other. Guests are asked to wear an insulated jacket and gloves before they walk into the center’s coldest areas. “It seems to be pretty complicated, but it is a pretty simple process,” Dembowski said. “We induct everything to what we call our automation. Induction means we take it from a pallet
13 TARGET FACTS Nearly 50-acre site owned by Target 360,000-square-foot building, at its highest point is 125 feet tall Target’s third new construction dedicated food facility has four “chambers” set at different temperatures to accommodate over 5,500 different food products There are 20 banana ripening rooms with enough room to ripen approximately 850,000 pounds of bananas each week Banana rooms, 55 degree ambient room, 34 degree wet produce room, 28 degree meat room, 34 degree automated cooler, -15 degree automated freezer, -15 degree manual freezer Created 250 construction jobs and 140 permanent jobs Target’s most automated distribution center to date One of Target’s four food distribution centers nationwide Participates in the Art Program, where artwork made by art students from the College of Visual Arts and Design at the University of North Texas in Denton is purchased, professionally framed and installed by American Fine Art, based in Dallas
ABOUT THE BUILDING The total volume of the building is 19,900,000 cubic feet. Enough space to hold over 150,000,000 gallons of water. 40,000 cubic yards of concrete was used in the construction of the building. Enough concrete to pour a 4 foot sidewalk for 38 miles. The building is made of 1,800 tons of structural steel with over 1,100 tons of racking. Chambers (or rooms) are maintained at 55 degrees Fahrenheit, 34 degrees Fahrenheit, 28 degrees Fahrenheit, and -15 degrees Fahrenheit. Over 13 miles of pipe is needed to sustain the refrigeration system Occupancy sensors installed throughout the building manage electrical consumption by controlling lighting throughout the facility. Quantity (3) 1.5 MW generator’s deliver full building backup power.
The banana room is shown at the new Target Distribution Center in Denton.
rider and we put the pallet on a conveyor. It [a product] is stored, put away, pulled, palletized and wrapped all by automation.” The distribution center is divided into three chambers. The first, called the ambiance chamber, is 54 degrees and it houses produce like bananas, potatoes and other perishable items. It is the part of the process that does not need to be automated. “Anything that does not need to be chilled goes here,” he said. The ambiance chamber also contains 20 rooms that will ripen approximately 850,000 pounds of bananas each week. “Bananas are huge drivers of sales in the stores. If you mess up the bananas, you can lose a person,” Dembowski said. “After we receive bananas in, the team members store them into the yellow banana ripening rooms.” This is also where 25-year-old Justin Evans, the center’s fulltime banana ripener, spends his workday. Evans said the bananas stored in the rooms come mostly from Guatemala and Mexico. On April 12, the bananas mostly came from Honduras. “There is never a dull moment,” he said. “It is produce, so it is always changing. There is never a consistency with how things ripen or how things work.
IMAGINE THE SIZE
Products are labeled and palletized, then placed on an assembly line where they eventually end up on shelves to be pulled for orders at the new Target Distribution Center in Denton. So there is always a new challenge.” Dembowski said the bananas are fragile and that the goal is to keep them from graying or changing their color. “They will arrive at the store covered in a blanket,” Dembowski said. “The store will take the blanket off and place them in the area where the bananas will be sold.” After the ambiance chamber there is a wet produce location that houses produce like beans and carrots. Another chamber kept at 28 degrees contains chicken, turkey and ground beef. The automation process begins in a chamber kept at 34
degrees. “This is what we call a high bay warehouse,” Dembowski said. “All they [the employees] have to do is tell the system what they inducted; a conveyor takes it and puts it away into a nine-story-like building that has thousands of locations.” There is an automated cooler for items like apples, oranges and some precooked meat and another automated freezer for products needed to be stored at minus 15 degrees. The next step is called delayering, where full pallets are broken down to individual cartons
The building could hold over 132,000,000 footballs. The building could cover almost eight football fields under roof. You could fit 3,856 semi-trailers in this facility. The 6,300,000 cubic foot freezer can hold 47,500,000 gallons of ice cream at -15 degrees Fahrenheit. The 7,200,000 cubic foot cooler can hold 32,000,000 12-packs of soda at 34 degrees Fahrenheit. Source: Target Corporation
QUICK FACTS Target has 1,784 stores in the United States 24 stores in Canada 37 distribution centers 365,000 team members worldwide online business at target.com global locations in India and Canada Employees Median age of 40 Median household income of approx. $64,000 Approximately 43 percent have children at home About 57 percent have completed college Source: Target.com
TARGET | CONTINUED ON PAGE 14
Denton Business Chronicle
May. 2013
14 Denton Business Chronicle
May. 2013
Cover Story TARGET| CONTINUED FROM PAGE 13
that can be shipped to the stores. “Imagine thousands of pingpong balls creating the perfect suction to pick up one layer at a time off the pallet,” Dembowski said. “Think about it; there would normally be a person breaking down a pallet all by himself.” Before most grocery items get to a Target store, products are labeled and placed on pallets, then placed on an assembly line. Through computers managed by at least two technicians, pallets are organized according to stores’ needs. The automation in the facility includes seven nine-story pallet cranes for storage, 10 carton cranes, 10 machines for loading pallets and two pallet wrappers. For the automated product, aside from receivers and shippers in a dock area, the only people touching the cartons are associates with WITRON Logistik + Informatik GmbH, a Germanbased company that designed the distribution center’s automation system. The system is so precise that Dembowski said products seldom get crushed or broken. They can get to the stores at the right time and in the right sequence. “We have automation for accuracy and speed,” he said. “We can react to something going out of stock in the store that day if we need to. If there is product that ran out, we can reshelf it quickly.” Dembowski said that in 28 years of working at distribution centers, he had never seen such
BUY & SELL
COMMUNITY SUPPORT Education In 2010, Target Corporation announced plans to give $1 billion for education by the end of the 2015 fiscal year, with a significant portion helping more U.S. children read proficiently by the end of third grade. In 2011, the company donated $100 million for education, bringing the total giving to date to $679 million, according to its website. As of October 2012, Target reached a milestone with community giving totaling more than $4 million a week. Target team members live and work in nearly 30 countries around the world. To strengthen those communities, the company launched an International Giving Program in 2002, supporting quality accessible education for children and youth. In 2011, Target granted more than $2 million through the program and team members spent countless hours volunteering locally, its website said. For more information, visit https://corporate.target.com/ corporate-responsibility/education Sustainable Products Archer Farms Simply Balanced Baked Potato Crisps bag is now made with 25 percent renewable plant-based plastic. Target features natural and organic beauty aids that are paraben-, phthalate- and SLS-free and haven’t been tested on animals. The company offers more than 1,000 organic foods, low-flow shower heads, LED lights, non-toxic cleaning products and organic-cotton-fiber sheets and towels. Target offers biodegradable and naturally-derived ingredients from brands like Method, J.R. Watkins and Mrs. Meyers. As part of its private-label line of home furnishings, Room Essentials, Target offers wood derived from sustainably managed forests. For more information, visit https://corporate.target.com/ corporate-responsibility/environment/sustainable-products
The county has refinanced about seven times in the last few years and ordinarily saved $1 million or $2 million.
Fire damages Dish hangar DISH — A windsock waving
in the wind above an airplane hangar was the only thing left untouched by an early-morning fire in Dish that left the hangar and its contents burned. The hangar at Clark Airfield Airport was scorched, but still standing, and the smell of smoke lingered into the afternoon. The hangar belonged to former Mayor L.E. Clark, who
3110 Hartlee Field Road Denton, Texas 76208
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tion centers nationally catering to general merchandise, Internet shopping and food distribution, Dembowski said. Target officials are preparing a grand opening event June 3. KARINA RAMÍREZ can be reached at 940-566-6878 and via Twitter at @KarinaF Ramirez. Whatever you’re looking for, you’ll find it in
Monthly News Recaps | CONTINUED FROM PAGE 2
www.DentonRC.com
www.TheFrenchFig.com 214.587.3415
Discover what makes Denton County so unique
Source: Target.com
an automation system. Dembowski said there are three generators that can deliver full building backup power in case of electrical failure. The center employs 140 people - 35 to 40 are WITRON employees who help with maintenance and operation. There are a total of 37 distribu-
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founded the town formerly known as Clark. He served as its first mayor.
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Denton city manager gains new authority The Denton City Council
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15
Monthly News Recaps
| CONTINUED FROM PAGE 14
agreed to give the city manager broad new authority to buy land needed for public works projects, such as roads, power lines and other utility improvements. No matter the value of the land, Denton’s city manager now has the authority to make offers based on a certified appraisal, negotiate counter-offers within certain limits and close the deal on behalf of the city. 4-13
Discovery Park gets new CASA sensor
The University of North Texas now has a new weather radar sensor called CASA (Collaborative Adaptive Sensing of the Atmosphere) installed at Discovery Park. It will provide severe weather data and storm warnings to the North Texas region. The radar is one of four that
will be installed in the DallasFort Worth region by the end of the summer, said Blake Abbe, senior emergency management specialist with the Risk Management Services Department at UNT. 4-14
Van goes pink for breast cancer awareness On Monday, Andre J. “Frenchy” Rheault showed up at his Dallas Drive van corner, complete with his pink shirt, ’80s-themed glasses and a cowboy hat. He revealed the new pink bank would be used to post breast cancer awareness notices, and other news. The van was dedicated to his wife’s mother, Mary Downey. Downey passed away March 19, 2006, at the age of 76. For more information, visit http://www.frenchyslawns.com. I
Renovation to include UNT basketball facility
Denton Business Chronicle
Denton Record-Chronicle Depend on us daily as your local news source
May. 2013
Links Construction’s latest renovation project includes the University of North Texas’ new basketball practice facility on Bonnie Brae Street. The 9,550square-foot building will house both the men’s and women’s basketball programs. The company said in a news statement that work on the facility began in August. For more information, visit www.linksconstruction.biz.
ScottBrownGroup.net DQ
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4-20
County unemployment rate increases in March Unemployment increased by two-tenths of a percentage point in March for Denton County while it remained unchanged for the city of Denton, the Texas Workforce Commission | CONTINUED ON PAGE 17
Kathy Glasschroeder
Health, Life, Home, Auto and Business Insurance
Office: 940-382-5600 Fax 877.204.5791 KGlass@CoverageNTX.com 100 W Oak St • Suite G-100 Denton, Texas 76201
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Enterprising Voices ALAGOOD | CONTINUED FROM PAGE 4
aside for various reasons within four years of the date of the sale under state law and within two years under federal bankruptcy law. Any title insurance policy acquired by the purchaser will usually exclude any defects associated with the foreclosure process and any liens or encumbrances which were not removed by the foreclosure sale. A purchaser at a foreclosure sale is also
DICKSON | CONTINUED FROM PAGE 6
Code to exempt from the sales and use tax the sale, storage, or use of depreciable tangible personal property directly used in qualified research if the property is sold, leased, or rented to, or stored or used by a person who is engaged in qualified research and will not, as a taxable entity or as a member of a combined group that is a taxable entity,
not a “consumer” relating to the protections afforded by the Texas Deceptive Trade Practices — Consumer Protection Act. A purchaser should identify these issues, determine acceptability or cost to resolve, and calculate a purchase price accordingly. Resolving an unidentified issue post-purchase may cost tens of thousands of dollars. Purchasing distressed property at foreclosure typically requires a high degree of risk tolerance.
Anyone willing to accept those risks may also want to consider going to Vegas. At least in Vegas, the drinks are free.
claim a tax credit for research and development (R&D) activities on a franchise tax report for the period during which the sale, storage, or use occurs.” HB 800 was recently approved in the House. We will continue to track the progress of this bill as it is something that can be quite beneficial to us in economic development in Denton. With the presence of our two universities, this also
creates the potential for partnerships between the universities and private businesses to engage in R&D of future technologies and more job growth.
R. SCOTT ALAGOOD is a licensed Texas attorney and Board Certified by the Texas Board of Legal Specialization in both Residential and Commercial Real Estate Law and may be contacted by email at Alagood@dentonlaw.com or www.dentonlaw.com.
KAREN DICKSON is vice president of Economic Development for the Denton Chamber of Commerce. She can be reached at 940-382-7151 or via email vp@DentonEDP. com. FF
18 Denton Business Chronicle
Ribbon Cuttings
May. 2013
Jordan Health Services April 4, 2013
Lenny’s Sub Shop April 10, 2013
McDonald’s on Loop 288 April 10, 2013
Vital Statistics SALES TAX The following sales permits were issued by the State Comptroller’s Office for April. The list includes the owner, name of business and address within the area codes of 75034, 75065, 75068, 76201, 76205, 76207, 76208, 76209, 76210, 76226, 76227, 76234, 76249, 76258, 76259 and 76266. 75022 Willie Mae Page Willies Gift Shop, 1207 Porter Road Bartonville 75034 Jeffrey Blaine Coffelt, Gearup Promotions, 2831 Eldorado Parkway, Suite 103176, Little Elm
75065 2breal, 2breal, 322 Ashley Oak Lane, Lake Dallas Box Athletic Inc., Box Athletic Inc., 746 Cedar Leaf Circle, Lake Dallas Brian Mcanally, Anderson's Auto Repair, 600 Main St., Lake Dallas Carmelita Costillia, Olivarez The Frigid Frog of Lake Dallas, 120 E. Hundley Drive, Lake Dallas
Chardon Fitness LLC, Maximum Fitness of Texas, 1039 Hickory Creek Blvd., Hickory Creek Edward Palm Service Group LLC, Edward Palm Service Group LLC, 118 Harmony Lane, Hickory Creek Epic Falcons, Epic Falcons, 104 Swisher Road, Lake Dallas Kerri Leslie Hamilton, Pixalilllie: Natural Light Photography, 744 Thousand Oaks Drive, Lake Dallas Libby Sangalli, Pebbleston Gifts 722, Summers Lane, Lake Dallas Rani Groups LLC, Neal's Italian Restaurant, 721 E. Hundley Drive, Lake Dallas Theresa Ridinger, Theresa Ridinger-Origami Owl Independent Designer, 718 Thompson Drive, Lake Dallas Timothy J. Michel, Mr. Comptech, 155 W. Overly Drive,
Apt. 2103, Lake Dallas VJ Outlet LLC, Tobacco House, 303 Swisher Road, Suite 230, Lake Dallas 75068 Catch It Link Inc., Catch It Link Inc., 2329 Sunshine Drive, Little Elm Chic Cell LLC, Chic Cell LLC, 1465 Waterford Drive, Little Elm Coolwater Pools of Texas LLC, Coolwater Pools of Texas LLC, 14700 Eaglemont Drive, Little Elm Cornerstone Satellite LLC, Cornerstone Satellite, 1723 Preston On The Lake Blvd., Little Elm Cwyz LLC, Hong Kong Express, 2405 FM 423, Suite 200, Little Elm Daagi Yaw Willingham, Legendary Looks, 1404 Danielle
Creek Drive, Little Elm Henok Abay Fekadu, Waymore – Proxy, 3077 Morning Star Drive, Little Elm Integrated Avs LLC, Integrated Avs LLC, 2117 White Rock Lane, Little Elm Irrigators Supply Inc., Ittigators Supply, 1101 E. Eldorado Parkway, Little Elm Jolanda Weddle, Glitter and Dots, 416 Port O Conner Drive, Little Elm Kristin Dysart, Abounding In Blessings, 2664 Mariners Court, Little Elm Little Elm Church's LLC, Little Elm Churchs Chicken, 500 W. Eldorado Parkway, Little Elm Matt Wibbels, Matt Wibbels Photography, 3045 Lakefield Drive, Little Elm
| CONTINUED ON PAGE 20
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19
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Denton Business Chronicle
May. 2013
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20 Vital Statistics
Denton Business Chronicle
May. 2013
ASSUMED NAMES
SALES TAX
The following names (followed by DBA and address) were posted in April in the Denton County Clerk’s Office.
| CONTINUED FROM PAGE 18
NAME — DBA/ADDRESS
NAME — DBA/ADDRESS
Aghogho Evuarherhe, Eminent Kings and Queens Credle Restaurant, 1622 W. University Drive, Suite 100, Denton Alma R. Llames, Clean Visions Management, 1813 Marble Cove Lane, Denton Andrew J. Menge and Allen S. Fette, A and A Quality Cleaning, 401 Ame Drive, Apt. 2201, Denton Biggs Management Group, Affiliated Mortgage Lending, 211 Ft. Worth Drive, Suite A, Denton Brent Erskin, Voertmans, 1314 W. Hickory St., Denton Caleb Shafer, Shafer's Lawn and Landscape, 5001 Par Drive, No. 3211, Denton Carla Miller, Dust-N-Wipe, 2100 Spencer Road, Apt. 2710, Denton Christiane Bartee-Soto and Stella Nguyen, Red Mug Marketing, 33 Wellington Oaks Circle, Denton Christopher Jackway, Fabulous Finds of Denton, 8388 Teasley Lane, No. 1117, Denton Christopher Skellie, Flat Rock DWC Enterprises, 5505 Thistle Way, Denton Craig A. Stone, Veritas Signing Services, 3750 Rockrus Paige Road, No. 15, Dnton Demetrius J. Critendon, A.C. and A. Services, 7200 Livingston Drive, Denton Duglas and Claudia Benitez, Kimberly Housekeeping, 4937 Stuart Road, No. 213, Denton Eva Bradford and Mary Gehlsen, Eva's Properties, 2820 Wind River Lane Apt. 209, Denton Fern Richey, Fern's Custom Drapery, 1805 Buena Vista Drive, Denton Hillary G. Newman, Bikes For Tykes, 3128 Ottawa Lane, Denton James R. Phillips, One Thumb Up, 7301 Raintree Way, Denton Jane Upshaw, Darling Danger, 1919 Scripture St., Denton Jason Self, 3164 Lido Way, Clear View Safety, 3164 Lido Way, Denton John H. Grafa, 816 Emery St., Moonlight Wood Design, Denton Juan E. Sosa, Seithel Property management, 2916 Englefield Green, Denton Keely G. Briggs, Lucky Star Pie Co., 3108 Broken Bow St., Denton Kevin J. Patel, PetelTek Consulting, 110 N. I-35E, Suite C, Denton Lone Star Conversion Trailer Sales LLC, LSC Trailer Sales, 2710 Geesling Road, Denton Lone Star Conversion Trailer Sales LLC, LSC Trailer Sales, 2710 Geesling Road, Denton Lorne G. Thomas, Blue Troop, 924 Circle View Lane, Denton Maneerat Udnun, Nee's Photography, 1030 Dallas Drive, No. 322, Denton Marcos A. Trujillo, Kick-Door Records, 601 N. Bradshaw St., Denton Maria R. Campos, Red's Construction, 1310 Windstream St., Denton Marilyn Gibson, Bhakti Designs, 1203 Ave. A, Denton Masood Raja, Open Access World, 2301 Highland Park Road, Denton Michael Byers and Donovan Poe, Gregory Lee Printing, 1819 Westminster, No. 101, Denton Michael Linton and Robert Gonzales, Hook em Horns
Lawn Service, 2805 Anysa Lane, Denton Michael Obenshain, Vader Vapes, 6205 St. James Place, Denton Mustafa Duzha and Bukurie Facja, Cresood Associates, 2266 W. Oak St., Denton Otis White, Executive Arms, 1516 Hunters Ridge Circle, Denton Patricia J. Gates, Twisted Brand Designs, 6900 E. Sherman St., Denton Rhonda S. Collins, Collins Career Counseling, 2529 Hillview Court, Denton Rick Baria, Property Enhancement Planners, 5112 Edwards Road, Denton Ricky D. Lynn and Olivia Lynn, Snow2Go, 4221 Fiste Drive, Denton Robert J. Dunning Jr., Allgood Auto Repair and Service, 1032 Shady Oaks, Suite 201, Denton Roderick Byrd, TaxNet, 2512 Timber Trail, Denton Ryan Pafford, Possum Photo, 3717 Villenova Drive Ryan T. Crocker and Christina Trevino, Earthwise Produce, 728 N. Elm St., Suite 100, Denton Saundra and Stephen Densmore, Ranger Investigations and Security, 7100 S. I-35E, Denton Sherry Curry, Hope Hospice, 5800 N. I-35, Suite 200, Denton Simon H. Rivera, Rivera's Lawn Care Services, 514 Frame St., Denton Susan Pierce and Craig Dodson, Humms Studio, 2104 Crestmeadow, Denton Susan Pierce, Humms Studio, 2104 Crestmeadow, Denton Thais A. Richieri, Brazilliant Photography, 2100 Spencer Road, No. 3610, Denton Thomas P. Johnson, Rainbow International of Denton, 3737 Mingo, Suite 104, Denton Tina Stawski, Accounting 4 U, 1813 Tyler St., Denton William Flloyd, Allgood Auto Sales, 1032 Shady Oak, Suite 201, Denton
Michael Troy Rankin, Downrange Tactical Gear, 1409 Brandywine Lane, Little Elm Mike and Dana LLC, Mike and Dana LLC, 2718 High Meadow Drive, Little Elm Natalie K. Rogers, Blue Bird Gallery, 2661 Lake Ridge Drive, Little Elm Portia Andrette Ratcliff, Bona Terra, 2200 Tisbury Way, Little Elm Preston Byron Rowland, Double L Enterprises, 2601 Elderberry Lane, Little Elm Ruben Rodriguez, Alexander's Bro, 1563 Brandywine Lane, Little Elm Sarena Michaels, The Graphics Group, 416 Hummingbird Drive, Little Elm Suk Jo Kwon, Handyman 4 U, 2910 Aurora Mist Drive, Little Elm Tarmac Technical Services LLC, Tarmac Technical Services LLC, 2624 Redcedar Drive, Little Elm 76201 Cbstx Enterprises Inc, Voertmans, 1314 W. Hickory St., Denton Cellular Repair Store LLC, Fix It Fast Franchise, 728 Fort Worth Drive, Denton Jo-Ann Stores Inc., Jo-Ann Fabrics, 2640 W. University Drive, Denton Kellen Crawford, The Skin Spa Denton, 1414 N. Elm St., Denton Marilyn S. Gibson, Bhakti Designs, 1203 Ave. A, Denton Michael Adams, Adams Enterprises, 317 W. Mulberry St., Denton Mulberry Street Cantina Club, Mulberry Street Cantina Club, 110 W. Mulberry St., Denton Oso Studio LLC, Oso Studio LLC, 701 Fort Worth Drive, Denton Robert E. Moses, Elements of Design, 115 W. Hickory St., Denton Robert Kevin McCauley, Kevin's Automotive, 222 S. Elm St., Denton
BC I
Saibatu Kanu and Joseph Kanu, North Texas African Food Market, 508 S. Elm St., Denton Signco Enterprises LLC, Signco Enterprises LLC, 916 S. Ave. B, Denton The Merry Widows LLC, The Poppy Seed Cake Baking Co., 418 Magnolia St., Denton 76205 Aerial Steel Inc., Aerial Steel Inc., 525 S. Loop 288, Suite 105, Denton Cmb Den LLC, Old West Café, 1020 Dallas Drive, Denton Fang Qiu, DT Healthy, 1116 Indian Ridge Drive, Denton Global Horizons LLC, Global Horizons LLC, 28 Rolling Hills Circle, Denton GR Foods International LLC, GR Foods International LLC, 1707 S. Loop 288, Denton Loreth Enterprises LLC, Loreth Enterprises LLC, 1032 Shady Oaks Drive, Denton Mr. Steven Andrew Horn, Websentia Web Services, 1301 Deer Trail, Denton Patricia Gaskamp & Allan Gaskamp, I.D. Tags, 2436 S. I35E, No. 376103, Denton Rosa Adriana M. Noriega, Aranza' Crafts, 1116 Chapel Drive, Denton Sam White, 1836 Clothing, 1933 Highland Park Circle, Denton Straus-Frank Enterprises LLC, Carquest Parts Center No.87, 1117 Dallas Drive, Denton 76207 All Seasons Landscapes LP, All Seasons Landscapes, 2713 Westglen Drive, Denton Andrew Menge and Allen Fette, A and A Quality Cleaning, 401 Ame Drive, Denton Kathy Marrou, Kathy's Pastimes, 11116 Southerland Drive, Denton Matthew Gordon Sallack, 50 Extra Lives, 2113 Brooklake St., Denton Trinity Reserve Inc., Trinity Reserve Inc., 10009 Edmondson Drive, Denton
76208 Aja D. Geiger, Sisters and Me Catering Service, 2441 Stockbridge Road, Apt.14303, Denton Ashley Elizabeth Wallace, Recycled Treasures, 54 Hidden Valley Airpark, Shady Shores Couture Nails and Spa LLC, Couture Nails and Spa LLC, 3400 Corinth Parkway, Suite 100, Corinth Lincare Inc., Lincare Inc., 3701 E. McKinney St., Bldg. 1, Denton Melinda King, Texas Girl Treasures, 5213 Paulie Drive, Denton Michael Paul Cherry, Paul Cherry, 3900 Park Wood Drive, Corinth Phoebe Courtney Birt, Recycled Baubles, 100 Moonlit Path Drive, Shady Shores Ralph Haber, ZBR Enterprises, 44 Hidden Valley Airpark, Shady Shores Stephanie E. Brackeen, Pagan Realms, 5218 Edwards Road, Denton Sweeper King Inc., Sweeper King Inc., 6504 Daisy Drive, Denton 76209 Betty M. Cross, Cross Spring Cleaning, 532 E. Windsor Drive, Denton Bolivar Diaz, Delicious, 1201 E. University Drive, Denton Brownco Media LLC, Brownco Media LLC, 604 Coronado Drive, Denton Dario Borda, BD Equipment & Parts Sales, 2529 E. Windsor Drive, Denton Modern Technology Solutions LLC, Modern Technology Solutions LLC, 3911 Camelot St., Apt. A, Denton Nicolas Ramirez Nicolas Landscaping, 3820 Atlas Drive, Denton Rosemary Layoya Denson, Tattooed Mommy Designs, 3008 Terry Court, Denton Simeon Osoro Choi Sr., Soch Cleaning Services, 1021 Kings Row, Denton Sybil D. Shephard, House of Virture, 3924 Stuart Road, Denton 76210 Above All Garage Door Company LLC, Above All Garage
| CONTINUED ON PAGE 21
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21
Vital Statistics
Denton Business Chronicle
SALES TAX
| CONTINUED FROM PAGE 20 Door Company LLC, 6017 English Manor Road, Denton Brad Wilkinson, Wave Automation, 2604 Hereford Road, Denton Bradford Industries Inc., Artisan Engraving & Supply Co., 2308 Landwick Court, Corinth Elizabeth Kay Thompson, Lizzyquilts, 1700 Morning Glory Drive, Corinth Equine Body Shop, Equine Body Shop, 3811 Monte Carlo Lane, Denton Fern H. Richey, Fern's Custom Drapery, 1805 Buena Vista Drive, Denton Four Star Fitness Inc., Lady of America Corinth, 7650 S. I-35E, Corinth James Alva Houghton, Jim & Tracys Knives and Stuff, 4005 San Lorenzo Drive, Denton James Roche, Duck Recon, 3612 Longhorn Drive, Denton Kenneth W. Youngblood, 1 On 1 Nutrition, 1421 Hidden Oaks Circle, Corinth Lee & S. Company, Shogun Steakhouse & Sushi, 3606 S. I-35E, Suite 100, Denton Q's Greek Paraphernalia & More LLC, Q's Greek Paraphernalia & More LLC, 1523 Nightingale Lane, Corinth Scott Lynn Baird, Safety First Training, 4251 FM2181, Suite 230, Corinth Wendy Broyles, Swanky Chica, 2704 Norfolk Court, Denton 76226 2nd Son Classics LLC, Second Son Classic Autos, 4050 Trey Lane, Suite A, Argyle Amy List and Tara Tarrant, The Porch Swing, 328 Creekside Trail, Argyle Dynamic Color Images Inc., Game Guard, 8141 Gateway Drive, No.270, Argyle Mary Holzgraefe, Mary Holzgraefe, 235 Whispering Trails St., Argyle Michele McCracken Wetteland, MW Ent., 1229 Kentucky Derby Drive, Bartonville 76227 Cheryl L. Davis, Cheryl L. Davis, 921 Partridge, Aubrey K9 Duffywear LLC, K9 Duffywear LLC, 4391 Running Branch Road, Aubrey Life Vapors Inc., Life Vapors Inc., 701 S. Highway 377, Cross Roads Mario Portugal, Cruz Tire Shop No.2, 4391 FM720, Aubrey Mary E. Vargas, DM Construction Cleaning, 705 W. Sherman Drive, Aubrey Michael T. Sanders, Inkdock, 1738 Duck Cove Drive, Aubrey Precision Lending Inc., Elements Nursery, 8801 US Highway 380, Cross Roads 76234 Cheryl Lynn Webster, More Than Waxing, 110 E. Main St., Decatur Christi L. Clampitt, Mycloset, 704 S. Washburn St., Decatur Cindy Kay Davis, Yours Sincerely Cindy, 1111 County Road 4380, Decatur Dan Dimock, A Love Worth Sharing, 1806 S. College
Ave., Decatur Dempsey Swindle and Roland Ray, Ray and Swindle Investigations, 118 S. State St., Decatur Dnd Homeland Cycle LLC, Dnd Homeland Cycle LLC, 1111 County Road 4380, Decatur Lloyd Daniell Inc., Lloyd Daniell Inc., 11086 County Line Road, Decatur Paul Kim, Best Donuts, 1845 S. FM51, Unit A-3, Decatur Platinum Cleaning and Restoration LLC, Aspen Aire Carpet Care, 100 W. Walnut St., Decatur Shawn E. Compton, Accurate Custom Interiors, 660 County Road 4213, Decatur Silvano Goes, Goes Farm, 1331 Old Reunion Road, Decatur Skull Creek Corp., Skull Creek Corp., 601 N. Highway 287, Decatur Steven R. Schwarz and Eric Lemmon, Atomic Enterprises, 1646 E. Highway 380, Decatur Steven R. Schwarz and Eric Lemmon, Atomic Enterprises, 2620 S. Highway 287, Decatur 76249 Brad Allen Foster, Brad Foster Saddle & Boot Shop, 9830 Plainview Road, Krum Fairfield and Tara Reed, Triple Dazzle Jewels, 21 Rogers Circle, Krum Jason Bragg, JB Automotive Lift Repair, 10099 FM1173, Krum Rogers Rhinestone, Cowgirl Botique, 309 S. 1st St., Krum Scott D. Johnson, Loco Gringo Western Wear Exchange Consignment. 114 W. McCart St., Krum Soncerrae Stephanie, Pass The Tiptoe Fairy, 1211 Feather Crest Drive, Krum Steven R. Schwarz and Eric Lemmon, Atomic Enterprises, 16450 US Highway 380W, Krum Veterans Guns and Ammunition LLC, Veterans Guns and Ammunition LLC, 124 Thoroughbred Drive, Krum 76258 Maria Servin, Taqueria La Gran Senora, 108 S. Highway 377, Pilot Point Pilot Point I.S.D., Administration, 829 S. Harrison St., Pilot Point Pilot Point I.S.D., Elementary School, 829 S. Jefferson St., Pilot Point Pilot Point I.S.D., High School, 1300 N. Washington St., Pilot Point Pilot Point I.S.D., Intermediate School, 501 Carroll St., Pilot Point Pilot Point I.S.D., Middle School, 828 S Harrison St., Pilot Point Ronnie Eberts, Eberts Enterprises, 465 Emberson Ranch Road, Pilot Point 76266 Aida Marie Russell, The Splatter Shirt Company, 103 Southside Drive, Sanger Custom Landscapes Inc., Classic Landscapes, 12412 FM2450, Sanger Datcu, Datcu, 618 N. 10th St., Sanger Kandyce Lafleur, Studio 4 K, 55 Heron Drive, Sanger Lori D. Snider, It's Quilting Time, 318 Fall Meadow Drive, Sanger RCDD Inc., RCDD Inc., 203 W. Chapman Drive, Sanger
BUILDING PERMITS The following building permits were issued by the Denton Planning and Development department in April. Commercial alterations and commercial permits reflect the owner or tenant and the address of the business. Residential permits include the address and the total valuation of the home. CERTIFICATES OF OCCUPATION Exposition Mills of Texas, 5800 N. I-35, No. 301 Juwan Ferando, 1407 Fulton St. Sunset Village LLC, 813 Sunset St. ZB Eagle Partners LTD, 728 Fort Worth Drive
COMMERCIAL ALTERATION A Invest Inc., 508 S. Elm St., No. 111 ACGP Inc., 3923 Morse St., No. 109 Bert Morrison, 621 S. Mayhill Road Bobby Steward HD Supply, 2300 S. I-35W, No. 100 Campus Bookstore, 900 S. Ave. C City of Denton, 215 E. McKinney Denham, James Richard, 3737 Mingo Road, No. 103 Denton Independent Hamburger, 113 W. Hickory St. Denton Wood and Floors, 1109 Dallas Drive
May. 2013
East Side Social Club, 117 E. Oak St. Five Below, 2640 W. University Drive, No. 1260 Fuzzy’s Taco Shop, 2412 S. I-35E GJO and AM Investments Inc., 935 Fort Worth Drive Greater Denton/Wise County, 3805 W. University Drive GSA, 600 N. Loop 288, No. 350 Herrera’s Tex-Mex, 100 W. Oak St., No. 160 Hibbett Sports Relocation, 2201 I-35E, South S-5-A Irish Boozer, 508 S. Elm St., No. 105 Last Drop Inc., 508 S. Elm St., No. 101 Mark Martin, 521 S. Loop 288, No. 165 NTAS Inc., 508 S. Elm St., No. 110 Once Upon A Child, 2315 Colorado Blvd., No. 100 Peerless MFG, 5450 Dakota Lane Rusty Taco, 210 E. Hickory St.
| CONTINUED ON PAGE 22
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EO
22 Vital Statistics
Denton Business Chronicle
BUILDING PERMITS | CONTINUED FROM PAGE 21
May. 2013
Saratan, Corp. II, 508 S. Elm St., No. 108 Saratan, Corp. II, 508 S. Elm St., No. 109 Seven Mile Coffee, 529 Bolivar St., No. 109 Spray Booth Northwest, 2361 N. Masch Branch Road, No. 420-424 T-Mobile, 300 Massey St. Vizcarra Catering, 508 S. Elm St., No 104 COMMERCIAL HTA Aviation LP., 4910 Lockheed Lane Jim/Heritage LP., 2832 Geesling Road Northstar Bank of Texas, 1611 E McKinney St. Peerless Manufacturing, 5450 Dakota Lane
RESIDENTIAL Audra Oaks Home Builders, 2820 Dana Lane Beazer Homes, 3308 Glen Crest Lane Denton McKinney Square, 3404 Skelton St. DR Horton 3317 Sombrero Drive 3316 Sombrero Drive 3308 Sombrero Drive 3312 Sombrero Drive 3324 Sombrero Drive 4321 Hidden Meadows Trail 3125 Hornbeam St. 2808 Frontier Drive 3320 Estacado Drive
3325 Sombrero Drive 3308 Estacado Drive 3304 Estacado Drive 3300 Estacado Drive 3305 Estacado Drive 3313 Sombrero Drive 3320 Sombrero Drive 3301 Sombrero Drive 3309 Sombrero Drive 4325 Hidden Meadows Trail 3101 Hornbeam St. 3105 Hornbeam St. 3021 Hornbeam St. Forestar Real Estate Group 7805 Hinkley Oak Drive 4208 Autumn Path Road 3417 Glen Crest Lane 7352 Desert Willow Drive 3400 Glen Crest Lane History Maker Homes 6276 Sun Ray Drive 4721 Red Bud Drive 4724 Red Bud Drive 3900 Oceanview Drive 2320 Bray Village Drive 2304 Windsor Farms Drive 2300 Windsor Farms Drive 2224 Windsor Farms Drive
Robson Denton Dev. LP. 8816 Compton St. 11513 Parkcrest Drive 10112 Parkcrest Court 10104 Parkcrest Court Robson Ranch (GC) 11612 Parkcrest Drive Shepherd Place Homes 416 Water Oak Road 130 Springtree St. EO
Maple Leaf Homes 121 McKamy Blvd.
DR Horton Texas LTD
MIXED BEVERAGE TAX The following mixed beverage tax information was issued by the State Comptroller’s office for April. The list includes the name of the business, address, and reported tax. 119 Loophole Private Club, 119 W. Hickory St., Denton, $9,909.20 American Legion Post No.550, 905 N. Foundation, Pilot Point, $2,648.38 Andy's Private Club, 122 N. Locust St., Suite B, Denton, $12,985.98 Angelina's Mexican Restaurant, 1400 N. Corinth St., Suite 111, Corinth, $2,112.46 Applebee's Neighborhood Grill, 2672 FM423, Little Elm, $5,185.18 Applebee's Neighborhood Grill, 707 S. I-35E, Denton, $10,820.32 Aramark Educational Services, 303 Administration St., Denton, $262.78 Ashton Gardens, 2001 Ashton Gardens Lane, Corinth $3,771.74 B.P.O.E. Denton No.2446, 228 E. Oak St., Denton, $1,246.56 B.P.O.E. Denton No.2446, 228 E. Oak St., Denton, $1,254.26 Best Western Area Crown Chase, 2450 Brinker Road, Denton, $489.30 Black-Eyed Pea, 2420 S. I-35E, Denton, $313.88 Bono's Chop House & Saloon, 2025 N. Highway 287, Decatur, $4,881.24 Boomerjack Wings No.8, 407 W. University Drive, Denton, $1,591.38 Brunswick Zone Denton, 2200 San Jacinto Blvd., Denton, $4,149.32 Buffalo Wild Wings Grill & Bar, 1400 S. Loop 288, Suite 110, Denton, $7,674.10 Cabana Beverages, 1300 N. I-35E, Denton, $361.06 Casa Torres Mexican Restaurant, 2708 FM51, Decatur, $2,468.34 Chili's Grill & Bar, 600 S. Highway 287, Decatur, $5,983.18 Chili's Grill & Bar, 8394 S. Stemmons Freeway, Hickory Creek, $4,052.02 Chili's Grill& Bar, 2406 N. I-35S, Denton, $4,557.84 Chilitos Private Club Inc., 619-623 S. Denton Drive, Lake Dallas, $271.04 Chipotle Mexican Grill, 1224 W. Hickory St., Denton, $95.76 Chuy's, 3300 Wind River Lane, Denton, $14,290.08 Courtyard By Marriott, 2800 Colorado Blvd., Denton, $362.60 Crazy Horse Saloon and Dance Hall, 1982 E. Highway 380, Decatur, $763.00 Crossroads Bar, 1803 N. Elm St., Denton, $2,113.44 Dan's Silverleaf, 103 Industrial St., Denton, $9,091.60 Denton Side Bar, 109 Ave. A, Denton, $3,692.08 Don Jose Mexican Food & Cantina, 301 N. Highway 287,
Decatur, $0 El Fenix-Denton, 2229 S. I-35E, Denton, $2,057.86 El Guapo's, 419 S. Elm St., Denton, $2,917.18 Ernesto's Mexican Restaurant, 10279 FM455E, Suite 1, Pilot Point, $3,707.06 Frilly's, 1803 S. Highway 287, Decatur, $5,215.14 Fry Street Public House, 125 Ave. A, Denton, $12,023.62 Fry Street Tavern Club, 121 Ave. A, Denton, $9,895.62 Fuzzy's Taco Shop, 1044 Maple St., Suite 101, Sanger, $492.10 Fuzzy's Taco Shop, 109 N. State St., Decatur, $2,098.46 Genghis Grill The Mongolian, 2416 Lillian Miller Parkway, Denton, $619.92 Good Eats No.729, 5812 N. I35, Denton $0 Hailey's, 122 W. Mulberry St., Denton, $3,730.44 Hailey's, 122 W. Mulberry St., Denton, $5,274.78 Hannahs, 111 W. Mulberry St., Denton, $12,564.72 Hickory Street Lounge, 212 E. Hickory St., Denton, $5,049.66 Hilton Garden Inn Denton, 3110 Colorado Blvd., Denton, $1,344.14 Holiday Inn Denton, 1434 Centre Place Drive, Denton, $392.98 Hooligans Private Club, 104 N. Locust St., Denton, $13,008.38 Hooters of Denton, 985 S. I35E, Denton, $8,729.28 II Charlies Private Club, 809 Sunset St., Denton, $11,455.36 Jackie's, 201 Main St., Lake Dallas, $4,246.20 Jag Private Club Inc., 119 S. Elm St., Denton, $6,250.58 Joey's Ristorante Italiano, 26735 US Highway 380E, Little Elm, $1,124.06 Johnny Carino's Italian, 1516 Centre Place Drive, Denton, $2,102.38 Keiichi, 500 N. Elm St., Denton, $898.80 Kobe Sushi & Steak LLC, 2832 Eldorado Parkway, Suite 208, Little Elm, $476.14 La Milpa Mexican Restaurant, I820 S. I35E, Unit 1, Denton, $2,147.04 Lake Dallas Point Restaurant, 303 Swisher Road, No. 100, Lake Dallas, $4,687.90 Lake Ray Roberts Area Elks Lodge, 1601 Marina Circle, Sanger, $203.14 Los Charros, 2763 E. Eldorado Parkway, Suite 105, Little Elm, $1,220.10 Los Jalapenos Restaurant, 420 W. Eldorado Parkway, Little Elm, $157.50 Los Toreros Restaurant, 2900 Wind River Lane, Suite 134, Denton, $1,855.42
| CONTINUED ON PAGE 23
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23
Vital Statistics LIENS
OIL AND GAS LISTINGS
The following liens were posted in April at the Denton County Clerk’s office.
The following oil and gas reports for the month of April were posted by oilandgasreports.com LLC, P.O. Box 1540, Corpus Christi, TX 78403. For more information, visit www.oilandgasreports.com.
STATE TAX LIENS NAME/ADDRESS Bradley Jay Bell, 807 N 5th St., Sanger Kaycee R. Gillman and Abaya D. Kuruwitage, 505 S. Locust St., Denton Wireline Tool Supply LLC, 6335 FM1830, Argyle
TYPE Limited sales excise and use tax Limited sales excise and use tax Limited sales excise and use tax
AMOUNT $1,298.78 $565.91 $3,968.25
REC. DATE 04/03/2013 04/18/2013 04/03/2013
RELEASE OF STATE TAX LIENS NAME/ADDRESS James M. Engle, P.O. Box 2794, Denton Powerman Steam Professionals LLC, P.O. Box 52032, Denton Thaten Construction Inc., P.O. Box 909, Sanger
TYPE Limited sales excise and use tax Limited sales excise and use tax Limited sales excise and use tax
AMOUNT $1,685.30 $3,740.34 $2,923.39
REC. DATE 04/03/2013 04/03/2013 04/18/2013
TYPE 1040 941 1040 1040 1040 990 941 1040 1040 1040 1040 1040 1040 941 6721, 941 6721, 941 940, 941 1040 1040 1040
AMOUNT $11,668.52 $7,950.08 $7,482.57 $6,081.89 $40,575.12 $5,062.25 $11,545.65 $64.27 $33,440.12 $303.15 $75,656.41 $54,305.33 $974.45 $25,393.70 $9,177.81 $9,177.81 $6,050.68 $5,167.94 $154,740.69 $219,211.49
REC. DATE 04/25/2013 04/25/2013 04/09/2013 04/17/2013 04/19/2013 04/04/2013 04/17/2013 04/19/2013 04/19/2013 04/09/2013 04/04/2013 04/09/2013 04/09/2013 04/09/2013 04/09/2013 04/09/2013 04/17/2013 04/09/2013 04/09/2013 04/09/2013
TYPE 1040 940 941 941, 944 6672 1040 1040 1040 1040 1040 1040 943 1040 941
AMOUNT $75,220.13 $591.12 $12,023.37 $8,356.97 $10,037.34 $1,012.98 $19,835.66 $5,351.84 $10,253.43 $5,519.89 $5,904.34 $1,681.71 $9,651.09 $11,123.87
REC. DATE 04/09/2013 04/04/2013 04/09/2013 04/04/2013 04/25/2013 04/19/2013 04/19/2013 04/04/2013 04/04/2013 04/25/2013 04/09/2013 04/04/2013 04/19/2013 04/09/2013
FEDERAL TAX LIENS NAME/ADDRESS Danny H. Tyler, 2601 S. Mayhill Road, Denton Etep Free Inc., Lucky Lous, 1207 W. Hickory St., Denton Jerry B. and Sandra K. Hicks, 6626 Oarkridge Lane, Argyle Johnell M. Archer, 2904 Briercliff Drive, Denton Jose Ambrosio, 2029 Denison St., Denton Kappa Sigma Fraternity, 1009 Maple St., Denton Lee and S. Company, 3606 S. I-35E, No. 100, Denton Michael G. and Sharon E. Shellis, 1914 Kingswood Court, Denton Michael G. Shellis, 1914 Kingswood Court, Denton Michael L. Sainburg, P.O. Box 154, Argyle Michael T. Baker, 2703 Clark Drive, Corinth Robert E. Gravley and Julie C. Henry, 305 Cherokee Trail, Argyle Sandra K. and Jerry B. Hicks, 6626 Oarkridge Lane, Argyle Springbok Academy Inc., 1300 Fulton St. Suite 502, Denton Summit Stone and Masonry LLC, 11835 Hilltop Road, Argyle Summit Stone and Masonry LLC, Kenny D. Williams, 11835 Hilltop Road, Argyle Valentin G. Carmona La Mexicana, 213 Mounts Ave. Apt 3, Denton Veronica L. Sanchez, 601 N. Loop 288, No. 10, Denton Wesley A. and Valarie N. Howell, 3939 Hopkins Road, Krum William D. Lowery Jr., 422 S. Hardeman, Argyle
RELEASE OF FEDERAL TAX LIENS NAME/ADDRESS Catherine and Karl Lynch, 3505 Montecito Drive, Denton Cindy L. Pannell, 4851 S. I-35E, Suite 103, Corinth Donald J. Lovett, 2117 Mayfield Circle, Corinth Jon Birden Enterprises Inc., 519 N. I-35E, Denton Luis A. Sanchez, 2713 Valencia Lane, Denton Miguel A. and Veronica Elias, 425 S. Shady Shores No. 60, Denton Nathan S. Lanphere, 18 Christi Lane, Krum Richie L. and Katherine D. Dye, 1721 Crow St., Denton Robert G. Brosin, 1825 W. Jeter Road, Argyle Rogaciano Martinez, 2417 Charlotte St., Denton Sandra L. Erwin-Walters, 4152 Thousand Oaks Drive, Argyle Schertz Farms, 610 N. 2nd St., Sanger T. G. Davis and J. A. Diepenhorst, 301 Deer Run Drive, Denton Texas Casion Development, Sue K. Wingo, 1011 North Texas Blvd., Denton
MECHANICS LIENS NAME/ADDRESS Brand and Danielle Andrus, 526 W. Lake St., Krum Frank A. and Amber Castillo, 123 Petes Lane, Pondr Isidro and Angela Meraz, 620 Rose St., Denton Richard E. and Betty Cooper, 918 Bernard St., Denton Terry L. and Debra L. Roberts, 11981 Cartwright Trail, Ponder Thomas Stawicki and Beverley Bass, 516 Hearth Terrace, Argyle Vickie L. Armstrong, 11140 Lakecrest Drive, Sanger
CONTRACTOR Not Quite 4A Properties LP. Dwain Darnell Ameri-Mex Contractors Inc. Links Construction PPL LP. Noble Village Classics Everett L. Armstrong
MIXED BEVERAGE TAX | CONTINUED FROM PAGE 22 Lowbrows Beer and Wine Garden, 200 W. Washington St., Pilot Point, $603.54 Lucky Lous, 1207 W. Hickory St., Denton, $24,106.60 Mable Peabody's Beauty Parlor, 1125 E. University Drive, Suite 107, Denton, $3,755.50 Mellow Mushroom, 217 E. Hickory St., Denton, $5,644.94 Metzlers Food And Beverage, 1251 S. Bonnie Brae St., Denton, $61.18 Mi Taza Latin Tex-Mex Café, 5017 Teasley Lane, Suite 101, Denton $745.22 Miguelitos, 1412 N. Stemmons St., No. 178, Sanger, $2,097.62 Miguelito's, 1521 E. McCart St., Krum, $1,347.92
Norman Heitz Memorial Post 104, 501 Thompson, Lake Dallas, $2,409.40 Oak Street Drafthouse Club, 308 E. Oak St., Denton, $23,247.28 Oakmont Country Club, 1200 Clubhouse Drive, Corinth$3,459.54 Ollimac Company, 1400 Corinth Bend, Suite 103, Corinth, $1,183.98 On The Border, 2829 S. I-35E, Denton, $7,052.50 Outback Steakhouse, 300 S. I-35E, Denton, $5,678.54 Pei Wei Asian Diner, 1931 S. Loop 288, Suite 130, Denton, $213.08 Phil Miller Post No.2205 VFW of Denton, 909 Sunset St., Denton, $2,497.04 Pilot Point Columbus Club, 221 N. Prairie St., Pilot Point, $35.14
AMOUNT $325,035.00 $234,050.00 $99,000.00 $157,285.98 $410,246.75 $401,208.00 $262,400.00
REC. DATE 04/26/2013 04/08/2013 04/29/2013 04/11/2013 04/12/2013 04/04/2013 04/18/2013
Pilot Point Columbus Club, 221 N. Prairie St., Pilot Point, $22.68 Pizza Hut, 730 S. Highway 377S, Pilot Point, $52.22 Pourhouse Sports Grill, 3350 Unicorn Lake Blvd., Denton, $5,516.42 Prairie House Restaurant, 10001 Highway 380, Cross Roads, $2,089.08 Red Lobster No.6349, 2801 S. I-35E, Denton, $4,327.12 Riprock's, 1211 W. Hickory St., Denton, $13,568.38 Rockin' Rodeo, 1009 Ave. C, Denton, $14,544.60 Rocky's Sports Bar, 2000 W. University Drive, Denton, $5,496.54 Rooster's Roadhouse Decatur, 106 N. Trinity St., Decatur, $3,224.48 Rooster's Roadhouse, 113 Industrial St., Denton, $8,532.72 Rosa's Cafe & Tortilla Factory, 1275 S. Loop 288, Denton, $320.74 RT's Social Club Inc., 1100 Dallas Drive, Suite 124, Denton, $16,330.16 Rubber Gloves, 409 E. Sycamore St., Denton, $1,892.24
DENTON COUNTY Lease: Alliance TMS Unit Operator: Quicksilver Resources, Inc. Location: 708.79-acre lease, G. Cardinas, Survey, A-215; 2.8 Miles SE of Justin Field: Newark East (Barnett Shale) Total Depth: 9000' Lease: Alliance Tms Unit Operator: Quicksilver Resources, Inc. Location: 708.79-acre unit, G. Cardinas, Survey, A-215; 2.8 Miles SE of Justin Field: Newark East (Barnett Shale) Total Depth: 9000' Lease: Belcher Operator: Jerry Hess Operating Company Location: 419.77-acre unit, T. Carpenter, A-271; 10 Miles NW of Sanger Field: Wildcat Total Depth: 1999' Lease: Buckley Family Gas Unit Operator: Devon Energy Production Co. LP. Location: 623.53-acre unit, BBB&C RR Co., A-157; 2 Miles SW of Krum Field: Newark East (Barnett Shale) Total Depth: 9000' Lease: Buckley Family Gas Unit Operator: Devon Energy Production Co. LP. Location: 623.53-acre unit, BBB&C RR Co, A-157; 2 Miles SW of Krum Field: Newark East (Barnett Shale) Total Depth: 9000' Lease: Harris Ranch-Westgate Operator: Vantage Fort Worth Energy LLC Location: 671.17-acre lease, R. Whitlock, A-1403; 3.8 Miles NW of Denton Field: Newark East (Barnett Shale) Total Depth: 9000' Lease: Harris Ranch-Westgate (SA) Operator: Vantage Fort Worth Energy LLC Location: 671.17-acre lease, R. Whitlock, A-1403; 3.8 Miles NW of Denton Field: Newark East (Barnett Shale) Total Depth: 9000' Lease: Harris Ranch-Westgate (SA) Operator: Vantage Fort Worth Energy LLC Location: 671.18-acre lease, R. Whitlock, A-1403; 3.8 Miles NW of Denton Field: Newark, East (Barnett Shale) Total Depth: 9000' Lease: Harris Ranch-Westgate (SA) Operator: Vantage Fort Worth Energy LLC Location: 198.82-acre lease, BBB&C RR Co, A-141; 3.8 Miles NW of Denton Field: Newark East (Barnett Shale) Total Depth: 9000' Lease: John W. Porter Operator: Devon Energy Production Co. LP. Location: 690.154-acre unit, C. Manchaca Survey, A-789,
Ruby-Jeans Social Club Inc., 309 N. FM156, Ponder, $1,477.00 Schmitty's, 407 W. Eldorado Parkway, Suite 1, Little Elm, $540.12 Scooters Tavern, 6481 FM455W, Sanger, $3,382.54 Sushi Café, 1401 W. Oak St., Denton, $122.92 Sweetie Pie's Ribeyes, 201 W. Main St., Decatur, $713.30 Sweetwater Grill & Tavern, 115 S. Elm St., Denton, $8,675.52 Texas Land & Cattle Steak House, 8398 S. Stemmons Freeway, Hickory Creek, $3,110.38 Texas Roadhouse, 2817 S. I-35E, Denton, $8,101.80 The Aztec Club, 720 W. University Drive, Denton, $2,769.06 The Bears Den, 11670 Massey Road, Pilot Point, $0 The Bears Den, 11670 Massey Road, Pilot Point, $0 The Garage, 113 Ave. A, Denton, $8,443.54 The Green House, 600 N. Locust St., Denton, $5,284.58 The Labb Club, 218 W. Oak St., Denton, $7,381.50 The Lion's Den, 2700 E. Eldorado Parkway, Suite 250,
1.7 Miles E of Ponder Field: Newark East (Barnett Shale) Total Depth: 8443' Lease: Mayday-Mason Unit Operator: Eagleridge Operating, LLC Location: 212.2-acre unit, O.S. Brewster, A-56; 0 Miles Within Denton Field: Newark East (Barnett Shale) Total Depth: 8700' Lease: Nobles-Holley (Alloc) Operator: Devon Energy Production Co. LP. Location: 594.31-acre unit, BBB&C RR Co, A-191, 5 Miles NW of Krum Field: East Newark (Barnett Shale) Total Depth: 9000' Lease: Nobles-Holley (Alloc) Operator: Devon Energy Production Co. LP. Location: 770.44-acre unit, BBB&C RR Co, A-191, 5 Miles NW of Krum Field: East Newark (Barnett Shale) Total Depth: 9000' Lease: Porter-Nicholson (SA) Operator: Devon Energy Production Co. LP. Location: 1231.15-acre unit, Hrs C. Manchaca Survey, A789, 2.3 Miles E of Ponder Field: East Newark (Barnett Shale) Total Depth: 8370’ Lease: Rayzor West Gas Unit Operator: Eagleridge Operating, LLC Location: 411.3-acre lease, T. Toby, Survey, A-1285; 0 Miles Within Denton Field: East Newark (Barnett Shale) Total Depth: 8800' Lease: Rayzor West Gas Unit No. 5H Operator: Eagleridge Operating LLC Location: 411.3-acre lease, T. Toby, Survey, A-1285; 0 Miles Within Denton Field: East Newark (Barnett Shale) Total Depth: 8800' Lease: Rayzor West Gas Unit No. 7 Operator: Eagleridge Operating LLC Location: 411.3-acre lease, T. Toby, Survey, A-1285; 0 Miles Within Denton Field: East Newark (Barnett Shale) Total Depth: 8800' Lease: Riley-Little Brook (Sa) Operator: Vantage Fort Worth Energy LLC Location: 412.16-acre lease, S. Huizar, A-514; 0 Miles Within Denton Field: Newark East (Barnett Shale) Total Depth: 9500' Lease: Riley-Little Brook (Sa) Operator: Vantage Fort Worth Energy LLC Location: 412.16-acre lease, S. Huizar, A-514; 0 Miles Within Denton Field: Newark East, (Barnett Shale) Total Depth: 9000'
Little Elm, $1,381.52 The Olive Garden Italian Restaurant, 2809 S. I-35E, Denton, $4,786.04 Three Fins Seafood Grill, 2303 S. I-35E, Denton, $2,085.16 University Lanes, 1212 E. University Drive, Denton, $2,813.44 Verona Pizza Italian Restaurant, 201 Loop 81/287N, Decatur, $112.00 Villa Grande Mexican Restaurant, 12000 US Highway 380, Suite 100, Cross Roads, $3,128.86 Villa Grande Mexican Restaurant, 2530 W. University Drive, Suite 114, Denton, $2,559.48 Vitty's Club Inc., 1776 Teasley Lane, Suite 102, Denton, $5,817.56 Wild Horse Grill, 9400 Ed Robson Circle, Denton, $3,220.70 Wing Town, 4271 FM2181, No. C316, Corinth, $0
Denton Business Chronicle
May. 2013
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Denton Business Chronicle
May. 2013
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