September Denton Business Chronicle 2014 by Denton Media Company

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2 Denton Business Chronicle

Monthly News Recap Business on the move

donation to her medical expenses. The story shared how she and her family are coping with the help of the community and God. She was hospitalized with a punctured lung and broken bones in her legs, foot, hand, arms and ribs Aug. 14.

September What’s opened, 2014 what’s closed Viet Bites’ second location, at the corner of West Hickory Street and Welch Street, is now open. This is the second location for the popular Vietnamese restaurant. The first restaurant opened in 2013 on South Elm Street, where the owners heard from customers that they wished it was closer to the University of North Texas. The new location is a fast casual concept with late hours to meet local demand. Popular Dallas doughnut shop Hypnotic Donuts opened a Denton location at the beginning of the month. The store specializes in kooky doughnuts and chicken biscuits. It joined forces with Cultivar Coffee, a specialty coffee shop that has a counter inside Hypnotic on West Hickory. Classic of Denton opened a Ram facility in August that specializes in commercial and fleet vehicles. After the company added a used car lot earlier this year, it now has the space to meet the demand for more commercial and fleet trucks. Compost Denton launched last month, collecting organic waste from homes and businesses. The business gives users a compost bin for scraps, and company representatives pick up the buckets once a week. After months of renovation, Sweetwater Grill & Tavern reopened with new ownership. The restaurant still features staples like a bar and jazz music, but has an updated look and menu that pay homage to the original site. The first Sephora makeup store in Denton opened in late August inside J.C. Penney Co. at Golden Triangle Mall. Customers lined up before the opening to be eligible for gift cards and gift bags. The store features nearly 50 brands of makeup, skincare lines and perfumes. BJ’s Restaurant and Brewhouse opened in September at Unicorn Lake. The restaurant specializes in producing beer and deep-dish pizzas and is a national chain.

Man convicted of plotting to have wife murdered John Franklin Howard of Ponder was sentenced to life in prison after a jury found him guilty of attempting to commit capital murder. The trial spanned almost three weeks and captivated Denton Record-Chronicle readers daily, until the sentence was issued Aug. 19. It took jurors two hours to find Howard guilty. Howard was on trial for paying numerous people to kill his wife, Nancy Howard. In August 2012, she was robbed and shot outside of her Carrollton home, suffering serious injuries. She testified at the trial.

Diaz quintuplets from Keller move in at UNT The Diaz quintuplets all started school this fall at the University of North Texas, after a somewhat chaotic move-in day. All five siblings received financial aid and scholarships to attend UNT, and chose to stay in the same residence hall. Girls RECAP | CONTINUED ON PAGE 10

Courtesy photo

Hypnotic Donuts’ menu includes the Canadian Healthcare, a yeast-raised long john topped with maple icing, a full strip of bacon and syrup. Two restaurants in town recently closed — Gold Mine Barbecue and Last Drop Tavern. Both businesses posted about their closures on Facebook. Gold Mine will continue selling sauce online, and Last Drop posted that it hopes to reopen closer to the Square.

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Denton teacher faces long recovery from crash After her first in-service day preparing to teach family and consumer science at Denton High School, Loressa Pecoraro

was in a car crash that left her hospitalized. Pecoraro was not able to start the school year as planned, which would have been her first as a full-time teacher. Even though she was only at the school for a day, her co-workers have started a fund to make a

September 2014 | Vol. 10, No. 7 Publisher: Bill Patterson The contents of this free publication are copyrighted by Denton Publishing Company, 2014, 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

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3 Contents |

September 2014

Calendar of Events Altrusa International Inc. of Denton meets for its monthly dinner and program at Cartwright’s Ranch House, 111 N. Elm St. Cost is $12 per person. Call 940-387-5031 for reservations. Tuesday, Sept. 23, 6:30 p.m.

Association of Business Contingency Planners, North Texas Chapter has its monthly meeting at the Boy Scouts of America headquarters, 1325 W. Walnut Hill Lane in Irving. For more information, visit http:// northtx.acp-international.com/ index.php/events.

Home Builders Association of Greater Dallas, Greater Denton Division has its monthly meeting and luncheon at Lantana Golf Club, 800 Golf Club Drive. Cost is $18 for associates and builders with reservations and $20 for walk-ins. Call 940-3830853.

Networking for Careers brings hiring managers from Denton companies to help the unemployed find jobs locally. Meetings are free to attend and held at Denton’s South Branch Library, 3228 Teasley Lane. For more information, call 940-382-2051. Wednesday, Oct. 1, 11 a.m.

Tuesday, Sept. 23, 11:30 a.m.

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, Oct. 7, noon

Thursday, Oct. 16, 9 a.m.

Aubrey 380 Area Chamber of Commerce meets at the Prairie House restaurant, 10001 E. U.S. Highway 380 in Cross Roads. Cost is $12 per person, and reservations are required. Call 940365-9781 or email chamber@ aubreycoc.org.

Krum Chamber of Commerce hosts its monthly meeting at Northstar Bank, 1101 E. McCart St. in Krum. Call 940-482-6093.

North Texas Society for Human Resources Management meets at Holiday Inn Hotel & Suites, 1434 Centre Place Drive. Cost to attend is $18 for members and first-time guests and $23 for returning nonmembers. Visit www.northtexasshrm.org. Friday, Sept. 26, 11:30 a.m.

Wednesday, Oct. 15, 11:30 a.m.

Features

Index

4 | Health choice CVS stops selling tobacco products, changes corporate name.

6 | Moving along Rapidly rising new-vehicle sales may soon flatten to slower growth numbers. 18 | Mailing it in Frisco homeowners back winner in CoServ board runoff.

On the cover: College-age customers shop for watches at Zumiez at Golden Triangle Mall. Photo by David Minton

Who to contact Scott K. Parks Managing Editor 940-566-6879 | sparks@dentonrc.com Jenna Duncan Business Editor 940-566-6889 | jduncan@dentonrc.com Sandra Hammond Advertising Director 940-566-6820 | shammond@dentonrc.com Shawn Reneau Advertising 940-566-6843 | sreneau@dentonrc.com

Denton Black Chamber of Commerce meets at the Denton Housing Authority, 1225 Wilson St. Tuesday, Oct. 21, 6 p.m.

Denton Hispanic Chamber of Commerce meets at Quality Inn & Suites, 1500 Dallas Drive. Friday, Oct. 10, 7:30 a.m.

Denton League of United Latin American Citizens No. 4366 meets at the Denton Senior Center, 509 N. Bell Ave. Saturday, Sept. 20, 9:30 a.m.

Denton Planning and Zoning Commission meets in the council chambers at City Hall, 215 E. McKinney St. Wednesday, Oct. 1, 6:30 p.m. Wednesday, Oct. 15, 6:30 p.m..

Electronics recycling will take place at The Cupboard Natural Foods and Café, 200 W. Congress St. Drop off any computer-related equipment. Fees may apply for certain items. For a list of accepted items and for more information, visit http://computer crusher.com. Saturday, Oct. 11, 8 a.m.

Hickory Creek Planning and Zoning Commission meets at Hickory Creek Town Hall, 1075 Ronald Reagan Ave. Wednesday, Oct. 1, 7 p.m.

Thursday, Oct. 2, 6:30 p.m.

Lake Cities Chamber of Commerce meets for coffee at Corinth City Hall, 3300 Corinth Parkway, and at Re/Max Lake Cities, 3960 FM2181, Suite 100 in Hickory Creek. Wednesday, Sept. 24, 7:15 a.m. in Corinth Wednesday, Oct. 1, 7:15 a.m. at Re/Max Wednesday, Oct. 8, 7:15 a.m. in Corinth Wednesday, Oct. 15, 7:15 a.m. at Re/Max

Lake Cities Netweavers business networking group meets at Sidewalk Bistro, 2900 Wind River Lane. For more information, email info@lcnetweavers. com. Thursday, Sept. 25, 8 a.m. Thursday, Oct. 2, 8 a.m. Thursday, Oct. 9, 8 a.m. Thursday, Oct. 16, 8 a.m.

Lake Dallas 4A Economic Development Corp. meets at the Lake Dallas Municipal Complex. Monday, Oct. 6, 7 p.m.

Lake Dallas 4B Community Development Corp. meets at the Lake Dallas Municipal Complex. Monday, Oct. 13, 7 p.m.

NAACP, Denton County Chapter meets at the Denton Housing Authority, 1225 Wilson St. Thursday, Oct. 9, 7 p.m.

Oakmont Women’s Club meets in the St. Andrews Room at Oakmont Country Club in Corinth. Annual membership is $25. For more information, call 940321-5599 or visit http://oakmont womensclub.org. Tuesday, Oct. 14, 10 a.m.

SCORE, the Service Corps of Retired Executives, offers free management counseling for prospective new business owners or existing business in trouble. Confidential, one-hour counseling sessions are available by appointment every Wednesday at Denton’s South Branch Library, 3228 Teasley Lane. Call 940-349-8752 to make an appointment. Wednesday, Sept. 24, 9 a.m. Wednesday, Oct. 1, 9 a.m. Wednesday, Oct. 8, 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 W. Parkway St. A light breakfast is provided. Call 940-3801849. Tuesday, Oct. 14, 7:15 a.m.

Women Business Owners of Denton County will hold its monthly luncheon at Sapphire’s Café & Catering, 1165 S. Interstate 35E, Suite 128 in Lewisville. Tuesday, Oct. 7, 11:30 a.m.

Please tell us about your event or meeting by emailing Jenna Duncan at jduncan@dentonrc.com; by fax at 940-566-6888; or by mail to DBC Calendar, Denton Record-Chronicle, 314 E. Hickory St., Denton, TX 76201. She also can be reached at 940-566-6889.

Denton Business Chronicle

September 2014

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4 Denton Business Chronicle

Business Spotlight

September 2014

Photo by Andrew Burton/Getty Images

CVS announced it had completed removing tobacco products from its stores a month before its Oct. 1 deadline by “putting out” a 50-foot cigarette Sept. 3 in New York. The company also wants to be known as CVS Health.

CVS snuffs out its sale of cigarettes The Associated Press

As CVS sharpens its focus on customer health, the nation’s second-largest drugstore chain will tweak its corporate name and stopped the sale of tobacco nearly a month sooner than planned. CVS Caremark said early this month that it will now be known as CVS Health, effective immediately. The signs on its roughly 7,700 drugstores won’t change, so the change may not register with shoppers. However, those customers will see a big change when they check out. The cigars and cigarettes that used to fill the shelves behind store cash registers have been replaced with nicotine gum and signs urging visitors to kick

the tobacco habit. All tobacco products were removed from stores nationwide over Labor Day weekend, said Michael DeAngelis, a CVS spokesman. That includes the Denton locations on Teasley Lane and West University Drive, he said. The company doesn’t break out revenue information for store locations, DeAngelis said, so the economic impact to local stores isn’t known. A store in downtown Indianapolis stocked free tobacco quit packs where cigarettes used to sit. The red-and-white boxes, nearly the size of a cigarette pack, contain coupons, a card showing how much a smoker can save by quitting and a booklet with

Sudoku and other games to distract someone fighting the urge to smoke. CVS and other drugstores have delved deeper into customer health in recent years, in part to serve the aging baby boom generation and the millions of uninsured people who are expected to gain coverage under the federal health insurance overhaul. While competitors Walgreen Co. and Rite Aid Corp. still sell tobacco, they’ve all started offering more health care products and added walk-in clinics to their stores while expanding the care they provide. Drugstores now offer an array of vaccinations and flu shots, and many of their clinics can help

monitor chronic illnesses like diabetes or high blood pressure. “We’re doing more and more to extend the front lines of health care,” CVS CEO Larry Merlo said. CVS still stocks its shelves with sugary snacks and other foods that are considered unhealthy. But company executives have been quick to point out that while chocolate bars in moderation pose little health risk, no amount of tobacco is considered safe. The CVS corporate name change reflects the health push while removing a reference to the company’s biggest revenue producer, its Caremark pharmacy benefits management. The name Caremark, however, had never really registered with

the average person, according to Laura Ries, president of brand consulting firm Ries & Ries. CVS, which is ranked 12th in the 2014 Fortune 500, announced in February that it would phase out tobacco sales by Oct. 1 because it could no longer sell smokes in a setting where health care is offered. The CEO at CVS has said that the company expects to lose about $2 billion in revenue annually after pulling tobacco from its shelves, but executives believe they can counter that loss at least in part through growth the company may get from health care. Merlo declined estimate how much of a benefit CVS expects.

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Family Law Gymnastics of the Mind, Body and Soul Family law cases, in my opinion, are a gymnastics routine of the mind, body and soul, which I have termed “family law gymnastics.” Gymnastics is a sport based on mental feats or other exercises of skill where the body and mind are placed in unusual circumstances. I cannot think of a more fitting description of what one endures in a family law case. Further, a family law case may be the gymnastics routine of one’s life, putting each family member’s mind, body and soul to the ultimate test. This article is based on my 21 years of experience practicing family law, and what I see parties, and children, go through in any family law case (such as divorce, modification, paternity/ parentage, grandparent cases, etc.) There are many articles written on advising those in a family law case to eat right, get plenty of rest and exercise, etc... These are certainly things to do, but there is much more to it than that. This article is about the things any person going through a family law case really needs to do to come out of the case as mentally and physically healthy as possible. The first realization a party in a family law case must have is that the other party is going to be the same person during the family law case as they have always been. Therefore, the other party is not going to be different during the case. This leads us to the second realization: that a party to a family law case is going to react to the family law case/process the same as they have always dealt with stress or life’s problems. The reason these two realizations are important is so that one party does not put undue stress and energy into the actions of the other party, and that they keep their focus self-directed and on any children that may be involved. This undue stress and energy is often evident when a party to a family law case says for example “I cannot believe he/she did _________”, when the behavior of the other party is very typical of how that person has always behaved. For a divorcing spouse, the first thing one should ask is “How do I want myself (and my children) to come out of the divorce?” The answer will certainly never be “stressed, unhealthy, problematic children, miserable, lost, and financially unstable.” The answer would look more like this: “Healthy both physically and mentally, for my children and myself to be as at peace and as content as possible with the new circumstances, and as financially stable as possible.” A party

to any family law case should ask oneself similar questions. If the later answer above sets out the goals of a divorcing spouse, or are similar for any party to a family law case, then what I am about to say is absolutely vital to reaching those goals. The recipe for good mental health and good decision making, in any family law case, is for a party to make business decisions, not emotional decisions. Decisions made out of emotion are never good decisions and should be avoided at all costs. However, business decisions are those that will have everlasting positive effects all the way around for one’s future, even with regard to children. For example, being financially insecure coming out of a divorce can create significant stress and fear, which can lead to significant mental health issues such as deep depression, and living in anger and hate, which leads to more problems all the way around. It takes more energy to hate and be angry than to live free of both. Those spouses who live in anger and hate are only teaching their children to do the same, which can create numerous mental health issues for the children. Attorneys have their client’s best interest in mind, and they advise their family law clients from a business standpoint, based on the overall facts and circumstances of the case. Attorneys do not advise their family law client’s from an emotional standpoint. Those in family law cases who make

decisions out of emotion are making their own decisions and not decisions based upon attorney advice. For example, a party may seek “justice” in their family law case, when the attorney knows that such “justice” can never be obtained. Therefore, for a person to continue to focus on such “justice” is only detrimental to that person’s health, both mentally, physically and emotionally. The guidance here is for those in family law cases to trust their attorney and their attorney’s advice. Counseling may be helpful (with attorney approval of course) for those in a family law case, but it is important that the counselor be suited to the needs of those attending. It is best for parties to get a referral from their attorney, if counseling is sought during a family law case. In a divorce, it is not uncommon for divorcing spouses to send their children to counseling when the real problems lie with the parents. I know this is a hard statement, but it is often true. The hardest questions a divorcing spouse must ask of oneself is, for example, “What responsibility do I take for the failure in the marriage?”, “What could I have done differently?” and, “What will be best for the entire family when the divorce is over?” These are hard questions and often create discomfort, but it is almost never true that a failed marriage is only one spouse’s fault. The key here is that the focus be on oneself because a spouse cannot change the other

spouse. If a divorcing spouse focuses on the faults of the other spouse, this is wasted energy that will create anxiety, stress, and possibly anger, causing that spouse’s daily focus to be on the other spouse, and not on oneself, and any children. This is the most important mental feat during family law involving a divorce. For a spouse to concentrate on themselves, and their own faults, rather than concentrating on the other spouse and their faults, will lead to better overall health both mentally and physically. In addition, I must say that arguing is not only draining and time-consuming, but it is probably the most counter-productive exercise during any family law case. If parties to a family law case cannot communicate in a truly productive manner, then communication should be avoided, upon the attorney advice. We all know it takes more than one person to have an argument. Therefore, those participating in an argument are choosing to participate in the argument. The simple solution is not to participate. Choosing not to participate in an argument empowers that person, and creates peace of mind, body and soul. “Exercise” for the mind, body and soul during family law gymnastics is vital to all involved, and may mean something different to each person. Some examples are prayer, meditation, and full body physical exercise (for example yoga). Such “exercise” for the body, mind and soul is important for any children, with the primary mental health “exercise” being administered by each parent by each parent reassuring the children that both parents are there for them and love them. Unless children get these assurances from both parents at all times, mental health issues may arise. A nonparticipating parent is acting purely to the detriment of their own child’s mental health, hands down. A content and at peace child leads to easier parenting and less stress for everyone. Making plans for the future after any family law case, and keeping one’s focus on the future, is vital to peace of mind and good decision making. The past is historical and cannot be changed: we learn from it, but the past is a place we must leave, not live within. Living in the past causes one to ignore the future, and to miss out on creating new memories and enjoying daily life. As unsettling as any family law case can be, there is hope for those enduring the exercise of family law gymnastics.

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Denton Business Chronicle

September 2014

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6 Denton Business Chronicle

September 2014

Business Spotlight

New cars going to more ‘want’ buyers By Terry Box / The Dallas Morning News

The shiny wheels that helped keep the U.S. economy rolling for the last five years may finally be slowing. Rapidly rising new-vehicle sales provided much of the shove that got the economy moving again in 2009. And those sales stayed strong in August, increasing 6 percent from a year ago while probably headed for 4.5 percent overall growth this year. But over the next several years, growth probably will linger between flat and 2 percent annually, keeping sales in the 16 million to 17 million range. While national sales of that level would be a high plateau, some industry observers worry that automakers may slide back into overproduction as they struggle to keep quarterly earnings up. “I think 2014 will be the beginning of a plateau,” said Alec Gutierrez, senior market analyst for Kelley Blue Book. “We see sales growth remaining flat for the next three to five years.” Moreover, the new-vehicle market seems to have shifted from primarily “need” buyers looking to replace old cars to more volatile “want” buyers. “When most of your buyers don’t need a new car, you’ve got to sell the sizzle,” said Jesse Toprak, chief analyst at Cars.com. “You may have to work to get them into the showroom.” None of the analysts anticipates a decrease in sales. Most, in fact, believe the business will remain robust. But there are worrisome signs. Incentives are up 5 to 10 percent over last year, Toprak said, with some segments relying more heavily on spiffs than others. Honda, for example, spent an average of $2,013 in incentives per Accord sold in August, three times what it did a year ago, according to The Associated Press. Also, manufacturers have returned to occasional interestfree 72-month financing to spur

Photo courtesy of Ford Motor Co./AP

The 2015 model year brings major changes to the Ford F-150, which has been the country’s best-selling vehicle for more than 30 years. The body will be 97 percent aluminum, shaving 700 pounds off the truck’s weight. sales — a measure that virtually guarantees buyers won’t have any equity in their vehicles for years. “I think we’re in a great spot right now and have a lot going for us,” said Ray Huffines, chief executive of Plano-based Huffines Auto Group, which includes Hyundai, Chevrolet, Subaru, Chrysler, Jeep, Dodge and Ram franchises. “But 72-month financing just takes people out of the market too long.” Meanwhile, used-car values have slipped for the last three months while the average price that consumers pay for new vehicles remains high — $32,495 in August, according to Kelley Blue Book. The result is a growing gap that some buyers try to close with longer-term loans, some running seven years or more. “I do worry about the increasing lengths of loans — including some six- and eightyear leases,” said Toprak of Cars.com. “It just takes too long to get those buyers back into the market.” LONG-TERM LOANS The average new-car loan is 66 months, and nearly a third of

the loans are for 72 months or more, up from 18 percent in 2008, according to data from LMC Automotive. Consumers still want and need new cars, said Chaz Gilmore, managing partner of Grapevine Ford and Grapevine Lincoln. “But they want them at the best price they can find,” he said. Gilmore figures the rising incentives are temporary, the result of high inventories. Dealers still have 2014 models on their lots and are getting shipments of 2015 vehicles. “There is so much competition in the marketplace, and inventory levels are so high, that some manufacturers see an opportunity to gain share,” he said. Inventories could be subjected to more pressure. Automakers tend to look at steady — sometimes dazzling — growth and set their production for “500,000 more [vehicles] than they had planned,” said John Eagle, owner of the Dallasbased John Eagle Group, which includes Acura, Honda, Mazda and Toyota stores as well as several luxury brands.

“They are in the business to sell cars,” Eagle said. “But at some point, that will catch up with you. Bad habits are made in good times.” While he still sees strength in the new-vehicle market, he watches the increasing incentives and deals with some concern. “The only way to get quarterly results is to move more iron,” he said. “Is it as bad as it once was? I can’t say that. But it could get that way.” Meanwhile, luxury brands like BMW continue to see growing leasing rates — above 50 percent at many dealerships — as consumers try to get as much vehicle as they possibly can for their money. “I think the big difference between the last [downturn] episode and now is we have a consumer much more focused on money and getting the best value they can,” said Eric Maas, president of Classic BMW in Plano. SIGNS OF SOFTENING While consumers are smart to take advantage of incentives, low interest rates and lease deals, their growing presence suggests that the demand for new cars

and trucks may be softening. “I would say there is more risk of volatility,” said Gutierrez of Kelley Blue Book. “Discretionary buyers can shut down as quickly as they pop up.” The shift from “need” to “want” buyers could provide Ford dealers with some opportunities later this year. Ford will launch new 2015 models of its two most important vehicles — the Mustang, followed by the Ford F-150 pickup. “Everyone is looking for deals, so it will be interesting to see how that plays out with the arrival of the Mustang and F-150,” said Brian Huth, general manager of Five Star Ford in Plano. “We are working more with ‘want’ buyers now, and those will be two of the hottest vehicles we’ve had in years.” Auto industry pessimists are overlooking some substantial positives — such as job growth in the U.S. and the fact that some need buyers are still left in the new-car market, said George Magliano, senior economist at IHS Automotive. “Our forecast is we’ll continue to grow,” Magliano said — at least through 2017.

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7 Enterprising Voices Chamber out to keep prestigious status very five years, the Denton Chamber of Commerce board agrees to conduct an extensive, internal organizational review and evaluation in order to retain its accreditation through the U.S. Chamber of Commerce. The stated purpose of the U.S. chamber’s accreditation program is to facilitate continuing excellence in the chamber industry and to foster a pro-business environment across America. During its Aug. 21 regular meeting, the Denton chamber board approved its 2014 reac-

Chuck CARPENTER | creditation application, representing a detailed assessment of the organization through nine segments. Headed by past board

chairman Perry McNeill, the process began in early April and involved nearly 40 officers, directors, key volunteers and staff members. The board approval ultimately included 12 new policy items, adding updates to the chamber’s financial procedures, employee handbook and crisis plan, as well as expanded criteria for evaluating the performance of officers and directors and usage standards for the recently trademarked logo. The reaccreditation packet has been sent to the U.S. cham-

ber headquarters in Washington, D.C., where it will be assigned to a professional organization management consultant for review. The consultant will determine whether the Denton chamber should be recommended to the National Accreditation Board for certification renewal. Depending on the chamber’s responses to various essay questions, combined with demonstrated innovation in programs, services and specific exhibits, supplemental points may be earned. The Denton chamber was designated as a three-star organization based on its 2009 application. The highest ranking a local chamber

can earn is five stars. There are 21 accredited chambers of commerce in Texas, and just over 200 out of nearly 7,000 local chambers across the country have achieved and continuously retained the prestigious certification. The Denton chamber has been accredited since 1975. The National Accreditation Board will consider the Denton chamber’s application and consultant recommendations in mid-November. CHUCK CARPENTER is president of the Denton Chamber of Commerce. He can be reached at dcoc@ denton-chamber.org.

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Denton Business Chronicle

September 2014

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8 Denton Business Chronicle

September 2014

Enterprising Voices

Investing in an uncertain world

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CCaring ompassionate, Services with Dignity

“Face up to two unpleasant facts: the future is never clear and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values.” — Warren Buffett s we pen this article, U.S. stock market indices are near all-time highs. After a brief swoon in late July, the market went on to register its best August in 14 years. In our investment partnership, key holdings, including world dominators such as Intel and Apple, rocketed toward their intrinsic values. But the mood is far from jubilant. For every cheery talking head on CNBC projecting further gains, you see a prophet of doom warning about another crisis worse than 2008. Disgusted and confused by the incessant blather, investors have simply tuned out. The ratings of financial media outlets like CNBC — even its consummate entertainer Jim Cramer — have crashed to record lows. Giddy 1999 this isn’t. Investors are paralyzed by uncertainty. We must be friends with uncertainty to prosper, as Warren Buffett wisely advises us. In this column, we will explore three drivers of anxiety, beginning with one of the key sources of uncertainty today — interest rates. To put it bluntly, interest rates are rigged. Central banks of developed countries set interest rates to nearly zero during the financial crisis. This zero-rate policy has successfully bailed out banks and borrowers, by reducing their interest costs and buoying the value of their troubled assets. But this policy also has deprived prudent savers of an adequate return on their bank deposits, even as inflation eats away at their true value. Unwittingly, many savers now are rolling the dice with risky

Jonathon FITE | investments such as junk-bond funds or leveraged exchangetraded funds, just to scratch out some yield. Recent fund flows show that investors continue to pile into these instruments, buying questionable paper priced significantly above par and yielding next to nothing. This is a recipe for disaster, or as Buffett has said, “this amounts to picking up pennies in front of a steamroller.” Many observers are calling for these investors to get crushed, as interest rates inevitably race higher from here (resulting in a dramatic fall in the price of those bonds). With the Fed about to end its latest round of quantitative easing, is a dramatic increase in interest rates imminent? Perhaps ... but not necessarily. For one, the national debt is approaching $20 trillion. Even a “normal” 5 percent average interest rate would result in an interest expense of $1 trillion. That would eat up the bulk of income tax revenue, leaving little to actually perform government functions. This gives the government and the Federal Reserve a big incentive to keep rigging interest rates at rock-bottom levels. Also, U.S. rates actually appear juicy relative to other developed countries. Countries like Japan (10-year rate of 0.5 percent) and Spain (2.1) with far worse finances than America are able to borrow more cheaply than the U.S. government (2.3). This makes U.S. bonds attractive FITE | CONTINUED ON PAGE 9

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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

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9 Denton Business Chronicle

Denton Chiropractic Center North Texas and the University of Arkansas. This column is provided for general interest only and should not be construed as a solicitation or personal investment advice. Comments may be sent to email@KMFInvestments.com.

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to yield-starved foreign investors. Japanese pension funds, for example, are pouring money into U.S. Treasury bonds. So while interest rates ought to rise, there are lots of reasons why the path forward is highly uncertain. Rather than predict specific outcomes, we prefer to prepare for a wide range of scenarios. In our fund, we have dedicated a portion of our portfolio to “interest rate plays” that will thrive if interest rates rise. But importantly, these undervalued stocks should fare fine even if rates stay put. Now let’s turn to a second source of uncertainty — geopolitical unrest. If the Russia-Ukraine conflict escalates or if ISIS causes Iraq to explode, many short-term traders may flee (or sell off) the market. But our portfolio is chock-full of undervalued oil and gas stocks and a gold miner that will continue to benefit from geopolitical unrest, just as they have in recent months. Yet, given how undervalued they are, even if these tensions subside, we believe our companies’ operational performance will help close the intrinsic value-market price gap. Finally, the biggest source of anxiety for investors may come from the market itself. Many of the indices are at or near all-time highs. The management teams of many companies seem to be feeling the “animal spirits” as one new merger deal is announced after another. Silicon Valley startups with no revenue seem to be fetching multi-billion valuations. In the past, events like these have signaled that we might be close to a top. If the Fed wanted higher asset prices, we have definitely seen them in the stock and bond markets! So are we due for a major swoon? Who knows. The nature of the markets today is how

uncertain they seem to be. But even if things are uncertain, you can still manage a portfolio deftly to exploit opportunities. First, we have to understand that true inflation is likely to persist, and at much higher levels than those officially reported. So, maintaining exposure to undervalued stocks with good management teams is one key way to combat this risk. The latter part of the previous point is key: One of our most important techniques for navigating uncertainty is finding undervalued companies with capable and wellaligned managers. Smart managers allocate capital wisely in uncertain environments. Several of our portfolio companies are buying back their undervalued shares, making each share more valuable. Another is on the prowl for distressed assets being dumped by troubled European banks at bargain prices. Good managers help you exploit uncertainty to your advantage. Second, avoid overvalued stocks and bonds like the plague. It is not 2009. Buying “the market” won’t work. You need to place your bets where the few values still remain. Third, hold some cash. Don’t stuff the mattress, but save a little for a rainy day. Even during the run of the past five years, the sun did not shine brightly every day. There were lots of times when a little cash could buy lots of great bargains at even cheaper prices. This is what we are doing in our partnership. Rather than despairingly hiding our heads in the sand, we believe investors can profit from uncertainty.

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Enterprising Voices FITE | CONTINUED FROM PAGE 8

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10 Denton Business Chronicle

Monthly News Recap RECAP | CONTINUED FROM PAGE 2

September Maria and Enna are sharing one while Emilio, George and 2014 room, John share another across the building. The family from Keller managed to pack its van to make just one trip for move-in day Aug. 17. Mom Enna Diaz said she was excited that they would all be in one place and would be able to look out for each other during their first year of college.

West Nile spotted toward end of summer It took until Aug. 28 for Denton to find a mosquito testing positive for West Nile virus. The mosquito was found in a trap near Unicorn Lake in southeastern Denton, according to Ken Banks, the city’s director of environmental services. South of Denton, other parts of the county found infected mosquitoes earlier in the year, such as in Flower Mound and Highland Village.

After the detection in Denton, officials increased efforts to combat the bugs and inform the public about how to help prevent mosquitoes by doing things like clearing standing water.

Corinth council votes against Buc-ee’s The Corinth City Council decided a Buc-ee’s travel center didn’t fit with the city’s master plan, after months of talks and planning for the center. After hours of public testimony, a council meeting lasted into the next morning with a final vote of 3-2 against the store. The proposed travel center would have brought 96 gas pumps and a large retail store, and would have been the largest ever for the chain. Those against the development said it would be too close to a neighborhood and bring too much traffic, and others said it wasn’t reasonable to give the company 15 years of sales tax rebates.

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11 Enterprising Voices

Why some get sued and others don’t ur economy has changed a great deal over the past several decades, and today most people work in a service industry. These businesses deliver services to customers or clients with whom they create and maintain relationships. In those relationships, the business usually solves some problem for the customer. When a business’s essential function is solving problems, you would expect those businesses that are the least effective problem solvers to be the ones that get sued. However, failing to solve a customer’s problem is only one of the ingredients that leads to a lawsuit. Surprisingly, error rate alone is not a very good indicator of which businesses are likely to get sued and which are not. When people get sued, they almost always ask themselves,

Sam BURKE | “Why did this happen to me?” There are many reasons lawsuits get filed. The person who has been sued may not have been able to control the circumstances that led to the suit. However, a significant cause of litigation may be easily controllable. In his book Blink, Malcolm Gladwell writes about the observations of Alice Burkin, a medical malpractice lawyer. Burkin is quoted as saying, “In all the years I have been in business, I’ve never had a potential client walk

in and say, ‘I really like this doctor and I feel terrible about doing it, but I want to sue them.’” In fact, Burkin’s clients had flatly refused to sue doctors they liked even when confronted with evidence that their injuries were that doctor’s fault. Most lawsuits start with a call to a lawyer’s office. What precedes most of those calls is a relationship that is no longer working. A study of medical malpractice suits showed that the difference between doctors who had never been sued and those that had been sued multiple times was roughly 3 1/2 minutes. That’s the difference in the amount of time the doctors who had never been sued (18.3 minutes per visit on average) spent with their patients versus the amount of time the doctors who had been sued on multiple occasions had spent with their pa-

tients (15 minutes per visit). What was happening during that extra time? According to the study, not much related to health care. Instead, the physicians were using that time to set expectations and to build a personal relationship with the patient. For example, the physicians who had not been sued used orienting comments like “first I’ll examine you then we’ll talk about your problem” or “I’ll leave time for your questions.” Also, the physicians who had not been sued laughed often and made small talk with their patients. As part of your business’s risk management strategy, you should consider the following:  Set clear expectations with customers or clients when starting a communication;  Make time to ensure that you have answered all of their questions (even ones that may have occurred to them during

the call or meeting); and  Take time to talk to customers about how they are, and laugh and joke with them when appropriate. Show some interest in their personal lives and not just the commercial transaction in which you are involved. If you do these things, your customers will probably like you (or like you more). In general, people don’t sue people they like. Everyone makes mistakes. Sometimes those mistakes don’t hurt anyone. But when they do, the difference between a lawsuit being filed against you or not could be as little as 3 1/2 minutes. SAMUEL B. BURKE is board-certified in civil trial law by the Texas Board of Legal Specialization. He can be reached at sburke@ dentonlaw.com.

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Denton Business Chronicle

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12 Denton Business Chronicle

Cover Story

September 2014

Students steady economy

A young woman shops for LPs at Recycled Books Records CDs on Sept. 9 in Denton.

By Jenna Duncan | Photography by David Minton

Every fall, thousands of fresh-faced freshmen head to Denton to start college at the University of North Texas and Texas Woman’s University. As both schools continue to grow and house more students on campus and in the city, their nearly 50,000 enrolled students are having a growing impact on Denton’s economy. What used to just be a boost to the Fry Street area has spread to downtown businesses, Golden Triangle Mall and other shopping areas, said Aimee Bissett, economic development director for the city.

“When students come back to town, all of the retail sees an increase in business — there’s no question about that,” Bissett said. While sales tax data remain pretty consistent throughout the year, students help retailers and

restaurants avoid offseason slumps. SPENDING POWER Many students go to college with the spending power of their parents, Bissett said. While that

is a big advantage for the city, it causes some statistical problems. Students living off campus without relatives frequently are placed into the “poverty” category because the statistic is based on of their individual income, according to the U.S. Census Bureau. When students are counted in the poverty rate for Denton, the rate is above state and national averages at 20.6 percent. However, when students aren’t factored in the rate, it drops to 13.9 percent, below the state and national rates. This problem was highlighted

in an American Community Survey that took place from 2009 to 2011, looking at how off-campus students skew city poverty rates. The national report listed Denton the 10th most affected U.S. city with a population over 100,000. That becomes a complication when recruiting retail and restaurant business to the area, Bissett said. “Generally, students come with the expendable income of their parents, so from a retail perspective a lot of retailers will look at hard numbers and demographics, and they might think

our spending power it is because it shows the poverty rate,” she The city now has show students have ing power than they for, and attention to helped the city conti

IMPACT ON RETA After a $30 milli tion of Golden Trian property continues t retailers to its lineup adds include more c cused stores, like Bu Zumiez. “The students bei school will definitely said Matt Ludemann manager. “Just being

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13 Denton Business Chronicle

September 2014

Josey Alquicira, right, helps customers looking for shoes at the new Zumiez store at Golden Triangle Mall. our spending power is less than it is because it shows students in the poverty rate,” she said. The city now has data that show students have more spending power than they get credit for, and attention to the issue has helped the city continue to grow. IMPACT ON RETAIL After a $30 million renovation of Golden Triangle Mall, the property continues to add new retailers to its lineup. Recent adds include more college-focused stores, like Buckle and Zumiez. “The students being back in school will definitely help sales,” said Matt Ludemann, the mall manager. “Just being on site and

talking to retailers, you notice that a lot of UNT students go home during the summer, so then you see more high school students and you see the age of the people in the mall and the shopping patterns change slightly.” By partnering with UNT and TWU on events and adding moreattractive retailers, the 18-25 demographic is becoming increasingly important for the mall. “They have a huge impact, and as we add new retailers it will make even more of an impact as we get the stores they want to shop at,” Ludemann said. “A few years ago, we didn’t have a lot of options.” On-site traffic also has picked up at Rayzor Ranch Marketplace,

a cluster of shops on West University Drive that include Walmart, Starbucks and GameStop. “Having a healthy population of college students is a driving factor of the retail and dining market,” said Stephanie Whitlow, director of marketing and communications for RED Development LLC, the project’s developer. LOCAL SHOPPING The students are spending more at locally owned stores throughout the city, Bissett said. “College students for a long time I think stayed in the Fry Street area for both local shopping and eating, but they’ve been drawn to downtown and Indus-

trial Street,” she said. “We definitely see a lot of college students living downtown and going downtown more so than a few years ago.” While the level of business doesn’t necessarily increase, it helps keep traffic steady throughout the year at Lone Star Attitude Burger Co., a restaurant and music venue on the downtown Square, said Sparky Peterson, one of the restaurant owners. “As certain groups of customers are going back to school, and kids are getting into sports and activities, the bucket is filled back up with students and those people visiting them,” Peterson STUDENTS | CONTINUED ON PAGE 14

2013 DENTON SALES TAX January: $2,057,056 February: $1,956,814 March: $2,400,409 April: $2,045,776 May: $2,064,445 June: $2,373,051 July: $2,102,603 August: $2,270,669 September: $2,708,156 October: $2,009,384 November: $1,904,062 December: $2,785,405

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14 Denton Business Chronicle

Cover Story STUDENTS | CONTINUED FROM PAGE 13

September said. “It’s interesting — our are so funny from 2014 demographics summer to fall.” Summer tends to be busy on the Square, said Chris Garver, a longtime manager at Recycled Books Records CDs. While September tends to be more quiet, new customers slowly start coming in with pages from a coupon book that’s distributed around campus, he said. The store also gets flooded with calls about textbooks — which it doesn’t carry — but tries to keep other books that are required reading to get students in the store. “We love students here,” he said. “Everybody does. It’s kind of the lifeblood of this town.” JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @JennaF Duncan.

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15 Denton Business Chronicle

September 2014

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17 Business Mixers

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Denton Business Chronicle

Aubrey, Corinth, Denton, Flower Mound, Highland Village, Justin, Krum, Lewisville, Little Elm, Northlake, Oak Point, Pilot Point, Roaanoke, Sanger and Denton County.

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18 Denton Business Chronicle

September 2014

Business Spotlight

Homeowners’ candidate voted to CoServ board By Valerie Wigglesworth / DMN

A challenger backed by a coalition of west Frisco homeowners opposed to high-voltage transmission lines in their neighborhood has won a seat on the CoServ Electric board of directors. Clint Bedsole won a runoff election conducted by mail. He takes over the District 4 seat held by incumbent Jerry Cobb since 1990. Both men are from Frisco. The results Bedsole of the runoff election were announced at a special board meeting at CoServ’s headquarters in Corinth. Bedsole, who employed yard signs and recorded phone messages in his campaign, won by a vote of 3,137-2,065. Alternatives to the proposed routes in Frisco have been in the works for months, though details have not been released. As one member on the seven-member board, Bedsole will have little power to make changes on his own. His campaign called for better transparency in the process. The runoff came after neither candidate received more than 50 percent of the vote in the June mail-in election. Both Bedsole and Cobb each received about 44 percent of the vote. A third candidate, Bob Breeden, took 12 percent. Bedsole is a retired U.S. Army reservist and owner of a bacteria and odor removal company. He volunteers as a member of the city of Frisco’s Comprehensive Plan Advisory Committee. Residents with the West Frisco Homeowners Coalition recruited him to run. They were opposed to proposals announced last year to route high-voltage transmission lines through their densely populated neighborhoods. The two routes initially proposed by Brazos Electric Power Cooperative Inc. followed along Main Street or Stonebrook Parkway. The city of Frisco also opposed the proposed routes.

DMN file photo

CoServ lineman Andrew Pierce rescues stranded cat Garland from a tree in Flower Mound. CoServ gets its wholesale power from Brazos. The two entities have been working since last year on alternatives. Brazos officials could not say when they would release revised proposals. Cobb said officials are headed toward a solution that should make residents happy. He’s just sorry he became a victim in the process. “They didn’t believe I was looking for alternative routes,” said Cobb, a retired farmer and businessman. Bedsole said he’s excited about serving on the board. “I know that the power lines are important to everybody, and yes, they’re important to me because I don’t want them down Main and down Stonebrook either,” he said. Cobb referred to his tenure on the board as “a great ride.” He said Bedsole has a big job ahead in learning the business of electric cooperatives. Cobb also had advice for Bedsole: “He’s representing all the membership and just not west Frisco.” Bedsole said he’s interested in

Photo by Courtney Perry/The Dallas Morning News

Cars turn onto Stonebrook Parkway at the Dallas North Tollway in west Frisco. Some residents of areas along West Stonebrook and West Main Street want CoServ Electric and Brazos Electric Power Cooperative Inc. to find alternatives to proposed routes for high-voltage transmission lines. hearing from constituents. “I understand the responsibility and the burden by being elected in this position and what my constituents feel that I need to accomplish,” he said. CoServ board members are

elected at large from the cooperative’s more than 153,000 members in six counties. Bedsole took his seat just days after the board announced a new president and chief executive to lead the electric cooperative.

Donnie Clary, a 24-year veteran of CoServ, was named to the job after most recently serving as senior vice president and chief financial officer. He replaces Mike Dreyspring, who resigned in January.

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19 Business Mixers Ribbon-cuttings

Denton Business Chronicle

The Denton Chamber of Commerce celebrated the openings of several businesses with ribbon-cutting ceremonies.

September 2014

DT Media Systems Meridian Bank Texas

Texas Sunset Family Chiropractic

Your New Neighborhood

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20 Denton Business Chronicle

September 2014

Vital Statistics ASSUMED NAMES The following names (followed by DBA and address) were posted in August at the Denton County Clerk’s Office.

NAME — DBA/ADDRESS

Amber Kuntz, Amber Kuntz Psychiatry, 604 N. Bell Ave., Denton Amber McCormack, The Little Black Dog, 4104 Colina Ave., Denton Angel G. Martinez, M.T.C. Services, 314 Campbell Lane, Denton Annemarie Aldrich, Stonehill Center Merchant Society, 5800 N. I-35E, Suite 508, Denton Bryan Ellis Swanson, Morph Speakers, 4216 Dogwood Drive, Denton CAJMAC LLC, Hickory & Fry, 1206 W. Hickory St., Denton Caleb Crane, Caleb Crane Enterprise, 3008 Montclair Place, Denton Camille Green, C. Green Artwork, 1416 Knight St., Denton Can Doers Services Unlimited Inc., Polished Concrete Specialists, 9100 Teasley Lane, No. 1A, Denton Cecilia Gloria, Innovative Building Maintenance and Janitorial, 2220 Lake Haven, Denton Chase Michael Burgher, AAA Bail Bonds, 103 S. Woodrow, Suite 7, Denton Chris Skelli, Flat Rock Drywall Co., 5505 Thistle Way, Denton David Beaster, Homestead Services LLC, 6101Photinia Ave., Denton Edmar and Diana Jimenez, Jimenez Plumbing Northern Branch, 933 Springcreek Drive, Denton Elda and Ken R. Green, KG’s Air Conditioning and Heat LLC, 2001 Lamprey Circle, Denton Cody Deck, Cody Deck Insurance, 3800 Drexel Drive, Denton Dana M. Laitinen Jr., Lightning Jiu-Jitsu, 508 S. Elm St., No. 108, Denton David Beaster, Homestead Services LLC, 6101Photinia Ave., Denton Edmar and Diana Jimenez, Jimenez Plumbing Northern Branch, 933 Springcreek Drive, Denton Elda and Ken R. Green, KG’s Air Conditioning and Heat LLC, 2001 Lamprey Circle, Denton Emilie Douglas, Cookies by Design, 260 S. I-35E, Suite 100, Denton Gary Phillips, Texas Impound Service, 627 S. Mayhill Road, No. 101-1, Denton Ivan Puga, Ivan’s Car Detailing and Power Washing, 415 Uland St., Denton

James Earp, James Earp and Associates, 934 N. Locust St., Denton Jimmy Mereith, Pond Maintenance Services, 603 Parkway, Denton John C. Cartwright, Parallax Digital Media, 1112 Ridgecrest Circle, Denton Joy and Frank Silmon, For The Love of Denton, 3309 DePaul Drive, Denton Libby Properties Series D, Knee Deep Plumbing, 2313 Caddo Circle, Denton Kelly Peace and Derek King, REMAX Legacy, 301 Dallas Drive, No. 121, Denton Luis Triana Moran, Luis Moran, 1213 Piping Rock Lane, Denton Lynene Michele Miles, Stomp Around Town, 3101 Lipizzan Drive, Denton Mary Horn, Denton County Historical Park, 317 W. Mulberry St., Denton Michael Lee, Greenworks Lawn and Landscape Services, 1670 Oak Ridge Drive, Denton Miguel Flores, Unique Precision RV Center, 1425 S. Trinity Road, Denton Patrick H. Waddle, Shoestring Photography, 801 Mack Drive, Denton Rick Grenwood, Geneva Post Audio, 2400 Denison St., Denton Robert Thomas Wrobel, Exclusive Reflections, 5301 E. McKinney St., No. 124, Denton Roger Little, Little’s Band Acessories, 4 Highview Court, Denton Salvador A. Gonzalez, Wow Wash, 2301 Belmont Park Drive, Denton Salvador Rios Jr., Grid House, 2730 Bolivar St., Denton Scott Piekarski, Denton OCC, 1139 Bent Oaks, Denton Sergio Gonzalez, La Indita Meat Market, 404 W. Sherman Drive, Denton Steven E. and Cindy D. Jacobson, Edan Properties, 112 Bellemead Drive, Denton Whitney Waler, Wanderlust Wares, 2700 Mill Pond Road, Denton William E. Johnson Jr., Cooper’s Woodworks, 2225 Northway, Denton Zahir Chaudhary and Manzoor Main, Millenium Shell No. 1, 801 E. Sherman Drive, Denton

Healthy hearts look good on you, Denton.

SALES TAX The following sales permits were issued by the state comptroller’s office for August. The list includes the owner, name of business and address within the area codes of 77034, 75065, 75068, 76201, 76205, 76207, 76208, 76209, 76210, 76226, 76227, 76234, 76249, 76258, 76259 and 76266. 75034 BSP Motorsports LLC, BSP Motorsports, 15222 King Road, Suite 203, Little Elm 75068 Amazon Rain Sprinkler Service LLC, Amazon Rain Sprinkler Service LLC, 2780 Crescent Lake Drive, Little Elm Autozone Parts Inc., Autozone No. 0575, 2783 E. Eldorado Parkway, Little Elm Magan Yvonne Kasper, Thriving Magan, 2114 Sundown Drive, Little Elm Micah R. Johnson, Lola Roux, 1412 Toucan Drive, Little Elm Minute Clinic LLC, Minute Clinic LLC, 2591 FM423, Little Elm Rodney L. Michel, Northwest Art and Collectibles, 3529 Pinnacle Bay Point, Little Elm Teresa Rodriguez, Tere Luna Décor, 2633 Misty Harbor Drive, Little Elm Torco Investments Corporation, Sudz Wash N Go, 1000 E. Eldorado Parkway, Little Elm 76201 212 Private Club Inc., Hailey's 122 W. Mulberry St., Denton Autozone Parts Inc., Autozone No. 1345, 511 W. University Drive, Denton Bernard S. Pierson, Knee Deep Plumbing, 313 Egan St., Denton Gary Haack & Amanda Haack, The Bicycle Path, 219 Fort Worth Drive, Denton GMBG2 Operating LLC, Shots & Crafts, 102 Ave. A, Denton Hanin Lube Center Inc., Hanin Lube Center, 421 Eagle Drive, Denton Hickory & Fry Club, Hickory & Fry, 1206 W. Hickory St., Denton Lessek Enterprises LLC, Lessek Enterprises, 721 S. Elm St., Suite 109, Denton

Macfall Enterprises LLC, Macfall Enterprises LLC, 1114 Anna St., Denton Shots and Crafts Hospitality Inc., Shots & Crafts, 103 Ave. A, Denton Slow Coffee 2 LLC, Slow Coffee 2 LLC, 235 W. Hickory St., Denton 76205 Aleisha Sanchez, Owlsome Designs, 1814 Teasley Lane, Apt. 1008, Denton Autozone Parts Inc., Autozone No. 1568, 225 Dallas Drive, Denton Cheapscapes LLC, Cheapscapes LLC, 4 Highview Circle, Denton Denton County Laser Centers LLC, Premiere Laser Centre, 2430 S. I-35E, Denton Emilie Douglas, Cookies By Design, 260 S. I-35E, Denton Fitness World Inc., Fitness World Inc., 1712 Lynhurst Lane, Denton Genevieve A. McGregor, Gem Enterprises, 1020 Hopkins Drive, Denton Hot Topic Inc., Torrid No. 5408, 2201 S. I-35E, Denton Jacob Oyervidez, Tire Express, 2408 Roselawn Drive, Denton Michelle S. Hassell, Dark Wolf Crochet, 1804 Teasley Lane, Apt. 313, Denton Noel I. Hernandez, Iksa Tools, 2104 Azalea St., Denton Pollo Tropical Beverages LLC, Pollo Tropical Beverages LLC, 2220 S. Loop 288, Denton Sipo D. Thao, Sprockets Bicycle Shop, 1207 Knight St., Denton 76208 Charles Kent Smith, Trashporter, 3433 Farris Road, Denton

SALES | CONTINUED ON PAGE 21

A new Heart Health Center in Denton At Texas Health Presbyterian Hospital Denton, we want you to take your health to heart — literally. That’s why we’re proud to announce our new Heart Health Center, right here in Denton. People who have taken our heart health risk assessment and are at risk for heart disease can come in for a screening where we’ll tailor a care plan for their specific needs. And if care is needed beyond prevention planning, we offer procedures ranging from vascular treatments to open-heart surgery. As an accredited chest pain center, our patients receive advanced cardiovascular care. Find out if you’re at risk for heart disease by taking our risk assessment at TexasHealth.org/Denton-Heart.

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21 Vital Statistics VEHICLE SALES

SALES TAX

The following sales information for Denton County was issued in the Freeman Autoplex Recap by Freeman Publishers.

The following sales permits were issued by the state comptroller’s office for August. The list includes the owner, name of business and address within the area codes of 76208, 76209, 76210, 76226 and 76227.

DOMESTIC CARS

SALES | CONTINUED FROM PAGE 20

MAKE Acura Buick Cadillac Chevrolet Chrysler Dodge Fiat Ford GMC Honda Jeep Lexus Lincoln Mazda Mercedes-Benz Mitsubishi Nissan Ram Subaru Toyota Volkswagen Total

JULY SALES 0 10 12 73 16 71 0 173 2 204 0 0 0 5 0 0 122 1 4 92 89 874

DOMESTIC TRUCKS YEAR TO DATE 5 59 97 536 108 398 1 1,088 14 1,033 3 0 0 12 0 1 996 9 21 573 453 5,407

IMPORTED CARS MAKE Acura Aston Martin Audi BMW Bentley Buick Chevrolet Dodge Ferrari Fiat Ford GEM Honda Hyundai Infiniti Jaguar Kia Lamborghini Land Rover Lexus Lincoln Maserati Mazda Mclaren Mercedes-Benz Mini Mitsubishi Nissan Porsche Rolls Royce Smart Subaru Tesla Toyota Volkswagen Volvo Others Total

JULY SALES 0 0 0 0 0 2 5 1 0 0 2 0 28 64 0 0 100 0 0 2 0 0 44 0 3 0 20 6 0 0 0 36 3 104 9 0 2 431

YEAR TO DATE 3 0 3 6 0 12 44 1 1 0 7 0 215 408 0 0 483 1 0 8 0 0 312 0 15 3 145 151 1 0 0 168 19 590 68 0 7 2,671

MAKE Acura Buick Cadillac Chevrolet Chrysler Dodge Ferrari Ford Freightliner GMC Honda International Jeep Kensworth Lexus Lincoln Mack Mercedes-Benz Mitsubishi Nissan Peterbilt Ram Subaru Toyota Volkswagen Volvo Others Total

JULY SALES 0 0 29 170 0 32 0 458 1 123 34 0 117 0 0 0 0 1 12 19 1 134 27 34 0 0 4 1,196

YEAR TO DATE 0 0 147 1,078 5 139 0 2,502 9 579 222 3 783 1 2 0 0 2 127 130 12 586 109 178 1 0 5 6,620

Gay Lynn Langham, Sierra Oaks Farm, 3991 Blagg Road, Denton Karen Rice and Tina Morgan, Morgan & Rice, 4100 Pine Glen Road, Corinth Master Services Inc., Master Services Inc., 621 S. Mayhill Road, Suite D, Denton Picture Bungalow LLC, Picture Bungalow, 3923 Morse St., Suite 112, Denton 76209 Carla Kennedy, Carla Kennedy, 2809 Joshua St., Denton Laura Boulton, The Eccentric Rabbit, 2019 N. Bell Ave., Apt. B, Denton Pizza Hut Of America Inc., Pizza Hut No. 317143, 400 N. Loop 228, Suite 110, Denton Robert Lee Berend, R&G Accents, 1621 Churchill Dr., Denton Sharon G. Arnold, Light The Wick, 2425 Kayewood Drive, Denton Sid's Market LLC, Sid's Market, 500 N. Bell Ave., Suite 109, Denton

Should Entrepreneurs Invest Differently?

IMPORTED TRUCKS MAKE Acura Aston Martin Audi BMW Buick Fiat Ford Freightliner Hino Honda Hyundai Infiniti Isuzu Kia Land Rover Lexus Lincoln Mazda Mercedes-Benz Mini Mitsubishi Nissan Porsche Subaru Tesla Toyota Volkswagen Volvo Western Star Others Total TOTAL VEHICLE SALES

JULY SALES 1 0 0 0 15 0 11 0 0 53 18 0 2 89 0 0 0 29 0 0 8 71 0 33 0 75 11 0 0 0 416 2,917

Depend On Us Daily Denton Record-Chronicle 940-387-7755 800-275-1722

YEAR TO DATE 23 0 1 7 81 0 43 0 0 303 140 1 19 506 1 3 0 201 1 0 67 573 1 175 0 573 57 0 2 0 2,778 17,476

By Jeffery D. Price An entrepreneur’s personal wealth is typically concentrated in a single asset: his company. Business owners devote themselves to assessing and taking risks in order to grow their enterprises. But too often they don’t apply that same focus to their personal assets. In fact, some of the attributes that make for a successful entrepreneur can be diametrically opposed to the imperatives of wealth preservation. Entrepreneurs should begin by considering their personal wealth objectives. Many business owners may want to take an even more disciplined approach to portfolio construction than other types of investors. This is partly because they may have more to lose, but also because many of the elements of a solid financial strategy can require additional care when there are significant assets tied up in a business endeavor. It’s important for entrepreneurs to ensure that their portfolio is tailored not only to their particular circumstances but also to the type of business they own. Understanding your investment personality. Getting a better handle on your financial tendencies can help you invest in a way that’s better aligned with your goals. You may consider yourself a risk taker generally, but risk taking in an investment context isn’t the same as it is in business. When you invest cash in your company, your decision is based on careful analysis of a market you know well. However, financial decision making in your portfolio is more in the market’s control. An investment strategy aligned with your investment personality may help you stay invested when the markets zigzag. One way to help address the issue is to engage in an exercise akin to stress-testing a portfolio against a range of possible scenarios. By somewhat preparing investors for potential market turbulence, stress tests can help guard against counterproductive behavior which can reduce long-term returns.

76210 Amy Proff Lyons, APL Creations, 3701 Palmetto Court, Denton Autozone Parts Inc., Autozone No. 4223, 5012 Teasley Lane, Denton Kelly Adams Massey, Re-Creations, 3804 Miramar Drive, Denton Libby Properties LLC, Knee Deep Plumbing, 2313 Caddo Circle, Denton Mark W. Tribble, Metro Events, 3939 Teasley Lane, Lot 231, Denton Mark W. Tribble, White Decorating Service, 3939 Teasley Lane, Lot 231, Denton Michael David Brewer, Michael David Brewer, 3804 Black Butte Drive, Denton Minuteclinic LLC, Minuteclinic LLC, 3200 Teasley, Denton Primary Health Inc., Carenow, 3751 S. I-35E, Denton Quality Licensing Corp., Quality Licensing Corp. No. 4104, 3930 Teasley Lane, Denton Thomas Dewitt Light, TDL Handyman Services, 2105 Fairmount Park Drive, Denton 76210 Autozone Parts Inc., Autozone No. 3540, 4171 FM2181, Corinth

Prioritizing your goals. What are your short- and long-term financial and life goals? When do you anticipate retiring, selling your company or turning it over for someone else to run? Consider your personal goals separately from your business objectives. Business owners often reinvest substantial sums in their companies. But if you plan to pay for your children’s college education, for instance, and you know what it will take to reach that goal, you can consciously siphon off cash from your monthly income to allocate to a tax-advantaged college savings program. Creating an investment strategy. The process often starts with a bit of mental accounting. Conceive of your wealth in terms of two distinct buckets. The first bucket is your entrepreneurial capital—your stake in your businesses. The second is a diversified portfolio that includes assets designed to compensate for the risk inherent in your businesses. It’s important to make sure your portfolio contains enough liquidity to serve as a cushion against recessions, industry down cycles, or any rough business patch. Because that first entrepreneurial bucket is likely highly illiquid (as it’s tied up in your company), entrepreneurs may want to build as much as twice the liquidity into their personal portfolios as non-business-owner investors. Suitable liquid assets generally include a combination of cash, intermediate-term bonds and a line of credit that serves as a form of insurance against potential business pitfalls. It’s a good idea to apply for a line of credit before you need it. A credit line can give you the ability to take advantage of opportunities that crop up suddenly. Lastly, business owners shouldn’t overlook disability insurance. An inability to work could end up reducing not only your family’s income but also the value of your business. Choosing a retirement plan that serves your goals. Some tax-qualified plans offer noteworthy benefits for business owners, allowing you to put away considerable sums while also helping retain employees via profit sharing. If your business has 100 or fewer employees, a SIMPLE (savings incentive match plan for employees) IRA is a relatively inexpensive option, offering most of the benefits of a 401(k) while imposing fewer IRS reporting require-

Denton Business Chronicle

Beans Fork Group LLC, Beans Fork Group LLC, 3004 Clay Trail, Corinth Core Karting LLC, Core Karting LLC, 1607 N. Haven Drive, Corinth Donald Thomas Braun, Donald Braun, 2312 Benwick Drive, Corinth Ejuicetastic LLC, Ejuicetastic, 2108 Brazos Drive, Corinth 76226 Burt Bland, Extreme Sales, 911 Stonecrest Road, Argyle Innovative Structures LLC, Innovative Structures, 306 Redbud St., Argyle Keep Exploring LLC, Keep Exploring LLC, 415 Canyon Oaks Drive, Argyle KK Argyle Management LLC, Kwik Kar Of Argyle, 800 Highway 377N, Argyle The Hamel Spot LLC, The Peddler's Emporium and Squarewright's Gallery, 409 Highway 377S, Argyle 76227 Five15 Inc. (Five15 Catering Inc.), Five15 Inc., 5541 Bridle Path, Aubrey JS Phillips Family Investments Ltd., McDonald's No. 37186, 11201 US Highway 380, Cross Roads Judy L. Sanders, Mountainninny Gifts & More, 1893 FM1385, Aubrey Leigh Jacobs Salon LLC, Leigh Jacobs Salon LLC, 11350 US Highway 380, Suite 150, Cross Roads

SALES | CONTINUED ON PAGE 23

ments. Because participation is voluntary, employees can choose whether and how much of their pre-tax wages to contribute. Employers then match up to 3% of annual compensation, which they can deduct as a business expense. Or they can choose to contribute a flat 2% of compensation for all employees, regardless of whether they contribute. Reviewing and updating your strategies. Be prepared to connect with your Merrill Lynch Financial Advisor regularly—at least a few times a year—to go over how you’re making progress toward your goals. As business conditions change and life goals evolve, entrepreneurs may need to modify their portfolios from time to time in order to stay on course. For an entrepreneur, maybe the most important impetus for having a disciplined, diversified wealth management strategy in place is a very simple one. It can help protect your assets by letting you do what you do best: take smart risks. Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) and other subsidiaries of Bank of America Corporation (“BAC”). “Merrill Lynch” refers to any company in the Merrill Lynch & Co., Inc., group of companies, which are wholly owned by Bank of America Corporation. Bank of America Corporation (“Bank of America”) is a financial holding company that, through its subsidiaries and affiliated companies, provides banking and nonbanking financial services. Investment products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Neither Merrill Lynch nor its financial advisors provide tax, accounting or legal advice. Clients should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with their personal professional advisors Diversification does not assure a profit or protect against a loss in declining markets.

For more information, contact Merrill Lynch Wealth Management Advisor Jeffery D. Price of the Southlake, Texas office at 817-410-4940 or jeffery_price@ml.com. IQ

September 2014

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22 Denton Business Chronicle

September 2014

Vital Statistics MIXED BEVERAGE TAX The following mixed beverage tax information was issued by the state comptroller’s office for August. The list includes the name of the business, address and reported tax.

119 Loophole Private Club, 119 W. Hickory St., Denton, $3,153.42 American Legion Post No. 550, 905 N. Foundation, Pilot Point, $975.05 Andy's Private Club, 122 N. Locust St., Suite B, Denton, $7,603.29 Angelina's Mexican Restaurant, 1400 N. Corinth St., Suite 111, Corinth, $830.73 Applebee's Neighborhood Grill, 707 S. I-35E, Denton, $3,411.37 Applebee's Neighborhood Grill, 2672 FM423, Little Elm, $2,557.79 Aramark Educational Services, 303 Administration St., Denton, $115.57 Ashton Gardens, 2001 Ashton Gardens Lane, Corinth, $2,401.01 B.P.O.E. Denton No. 2446, 228 E. Oak St., Denton, $745.24 Best Western Area Crown Chase, 2450 Brinker Road, Denton, $456.13 BJ's Restaurant & Brewery, 3250 S. I-35E, Denton, $0 Black-Eyed Pea, 2420 S. I-35E, Denton, $111.55 Bono's Chop House & Saloon, 2025 N. Highway 287, Decatur, $1,505.42 Boomerjack Wings No. 8, 407 W. University Drive, Denton, $859.61 Bosses Pizza & Sandwiches, 420 E. McKinney St., Suite 100, Denton, $117.51 Brunswick Zone Denton, 2200 San Jacinto Blvd., Denton, $805.34 Buffalo Wild Wings Grill & Bar, 1400 S. Loop 288, Suite 110, Denton, $2,674.90 Cabana Beverages, 1300 N. I-35E, Denton, $165.75 Casa Torres Mexican Restaurant, 2708 FM51, Decatur, $1,123.79 Chili's Grill & Bar, 600 S Highway 287, Decatur, $2,805.08 Chili's Grill & Bar No. 759, 8394 S. I-35E, Hickory Creek, $2,085.37 Chili's Grill& Bar, 2406 N. I-35E, Denton, $2,247.64 Chilitos Private Club Inc., 619-623 S. Denton Drive, Lake Dallas, $262.17 Chipotle Mexican Grill, 1224 W. Hickory St., Denton, $41.54 Chuy's Denton, 3300 Wind River Lane, Denton, $5,359.59 Cool Beans, 1210 W. Hickory St., Denton, $3,295.39 Courtyard By Marriott, 2800 Colorado Blvd., Denton, $246.69 Crossroads Bar, 1803 N. Elm St., Denton, $716.56 Dan's Silverleaf, 103 Industrial St., Denton, $2,435.98 Denton Country Club, 1213 Country Club Road, Argyle, $3,029.40 Denton Side Bar, 109 Ave. A, Denton, $1,677.01 Denton Side Bar, 109 Ave. A, Denton, $1,156.88 East Side Social Club, 117 E. Oak St., Denton, $10,213.94 El Fenix-Denton Texas, 2229 S. I-35E, Denton, $650.30 El Guapo's, 419 S. Elm St., Denton, $918.90 Ernesto's Mexican Restaurant, 10279 FM455E, Suite 1, Pilot Point, $1,850.94 Frilly's, 1803 S. Highway 287, Decatur, $1,766.25 Fry Street Public House, 125 Ave. A, Denton, $3,790.45 Fry Street Tavern Club, 121 Ave. A, Denton, $3,558.83 Fuzzy's Taco Shop, 109 N. State St., Decatur $1,000.10 Fuzzy's Taco Shop, 2412 S I-35 E # Sou Denton $1,132.03 Fuzzy's Taco Shop, 1044 Maple St., Suite 101 Sanger $282.53 Fuzzys Taco Shop, 421 Highway 377S, Argyle, $778.74 Genghis Grill The Mongolian, 2416 Lillian Miller Parkway, Denton, $163.34 Good Eats No. 729, 5812 N. I-35, Denton, $0 Good Eats No. 729, 5812 N. I-35, Denton, $0 Hannahs, 111 W. Mulberry St., Denton, $4,117.75 Herrera's Tex-Mex Restaurant, 100 W. Oak St., Suite 160, Denton, $730.30 Hickory Street Lounge, 212 E. Hickory St., Denton, $2,108.75 Hilton Garden Inn Denton, 3110 Colorado Blvd., Denton, $521.12 HNC Lions Den Private Club Inc., 2700 E. Eldorado Parkway, Suite 250, Little Elm, $0 Holiday Inn Denton, 1434 Centre Place Drive, Denton, $246.62 Hooligans Private Club, 104 N. Locust St., Denton, $4,503.80 Hooters of Denton, 985 S. I-35E, Denton, $3,699.80 Horny Toad Cafe & Bar, 5812 N. I-35, Denton, $716.63 II Charlies Private Club, 809 Sunset St., Denton, $4,182.40 J R Pockets Club, 1127 Fort Worth Drive, Denton, $2,418.16 Jackie's, 201 Main St., Lake Dallas, $2,251.87 Jag Private Club Inc., 119 S Elm St., Denton, $4,332.01

Joey's Ristorante Italiano, 26735 US Highway 380E, Little Elm, $0 Johnny Carino's Italian, 1516 Centre Place Drive, Denton, $1,097.99 Keiichi, 500 N. Elm St., Denton, $22.24 Keiichi LLC, 500 N. Elm St., Denton, $368.09 Kobe Sushi & Steak LLC, 2832 E. Eldorado Parkway, Suite 208, Little Elm, $208.03 La Casa Velez, 2831 W. Eldorado Parkway, Suite 112, Little Elm, $696.46 La Milpa Mexican Restaurant, I820 S. I-35E, Unit 1, Denton, $1,113.60 Lake Cities Post No. 88, 105 Gotcher Ave., Lake Dallas, $1,214.71 Lake Dallas Point Restaurant, 303 Swisher Road, No. 100, Lake Dallas, $1,713.25 Lake Ray Roberts Area Elks Lodge, 1601 Marina Circle, Sanger, $407.15 Lantana Golf Club, 800 Golf Club Drive, Argyle, $1,854.15 Last Drop Taverns, 508 S. Elm St., Suite 101, Denton, $1,504.82 Legends Sports Bar, 1313 N. Highway 377, Pilot Point, $0 Lone Star Attitude Burger Co., 113 W. Hickory St., Denton, $5,670.67 Los Charros, 2763 E. Eldorado Parkway, Suite 105, Little Elm, $461.36 Los Jalapenos Restaurant, 420 E. Eldorado Parkway, Little Elm, $184.31 Los Toreros Restaurant, 2900 Wind River Lane, Suite 134, Denton, $799.84 Los Toreros Restaurant, 2900 Wind River Lane, Suite 134, Denton, $639.04 Los Toreros Restaurant, 2900 Wind River Lane, Suite 134, Denton, $538.41 Los Toreros Restaurant, 2900 Wind River Lane, Suite 134, Denton, $425.11 Lowbrows Beer and Wine Garden, 200 W. Washington St., Pilot Point, $310.74 Mable Peabody's Beauty Parlor, 1125 E. University Drive, Suite 107, Denton, $1,455.70 Mellow Mushroom, 217 E. Hickory St., Denton, $2,074.99 Meritt Ranch Beverages Limited, 2946 Ganzar Road W., Denton, $351.48 Metzlers Food and Beverage Inc., 1251 S Bonnie Brae St., Denton, $123.41 Mi Sueno Club, 2648 FM407E, Suite 150, Bartonville, $1,185.23 Mi Taza Latin Tex-Mex Café, 5017 Teasley Lane, Suite 101, Denton, $507.99 Miguelito's, 1521 E. McCart St., Krum, $692.44 Miguelitos, 1412 N. Stemmons St., No. 178, Sanger, $1,096.72 Movie Tavern, 916 W. University Drive, Denton, $6,495.51 Mulberry Street Cantina Club, 110 W. Mulberry St., Denton, $3,341.69 Norman Heitz Memorial Post 104, 501 Thompson, Lake Dallas, $593.35 Oak Street Drafthouse Club, 308 E. Oak St., Denton, $6,245.27 Oakmont Country Club, 1200 Clubhouse Drive, Corinth, $1,809.93 Ollimac Company, 1400 Corinth Bend, Suite 103, Corinth, $621.62 On The Border, 2829 S. I-35E, Denton, $2,797.25 Outback Steakhouse, 300 S. I-35E., Denton, $1,775.63 Pedro's Tex Mex & Grill, 209 S Washington St., Pilot Point, $694.25 Pei Wei Asian Diner, 1931 S. Loop 288, Suite 130, Denton, $67.93 Phil Miller Post No. 2205 VFW, 909 Sunset St., Denton, $1,140.00 Pilot Point Columbus Club, 221 N. Prairie St., Pilot Point, $11.05 Pizza Hut, 730 S. Highway 377S, Pilot Point, $23.58 Prairie House Restaurant, 10001 Highway 380, Cross Roads, $1,221.41 Queenie's Steakhouse, 113 E. Hickory St., Denton, $1,136.38 Red Lobster No. 6349, 2801 S. I-35E, Denton, $1,189.92 Ringers, 807 Eagle Drive, Denton, $831.06 Riprock's, 1211 W. Hickory St., Denton, $4,639.28 Rock 101 Grill Little Elm, 2833 Eldorado Parkway, Suite 301, Little Elm, $6,463.22 Rockin' Rodeo, 1009 Ave. C, Denton, $5,163.75 Rocky's Sports Bar, 2000 W. University Drive, Denton, $2,214.01 Rooster's Roadhouse, 113 Industrial St., Denton, $2,644.22 Rooster's Roadhouse Decatur, 106 N. Trinity St., Decatur, $1,380.53

Rosa's Cafe & Tortilla Factory, 1275 S. Loop 288, Denton, $186.19 RT's Social Club Inc., 1100 Dallas Drive, Suite 124, Denton, $7,583.39 Rubber Gloves, 409 E. Sycamore St., Denton, $760.58 Ruby-Jeans Social Club Inc., 309 N. FM156, Ponder, $478.31 Rusty Taco Denton, 210 E. Hickory St., Denton, $626.45 Savory Private Club, 2650 FM407E, Suite 165, Bartonville, $881.58 South Elm Restaurant & Bar, 508 S. Elm St., Suite 105, Denton, $62.44 Sushi Café, 1401 W. Oak St., Denton, $65.92 Sweetie Pie's Ribeyes, 201 W. Main St., Decatur, $333.92 Sweetwater Grill & Tavern, 115 S. Elm St., Denton, $0 Sweetwater Grill & Tavern, 115 S. Elm St., Denton, $0

Texas Land & Cattle Steak House, 8398 S. Stemmons Freeway, Hickory Creek, $0 Texas Roadhouse, 2817 S. I-35E, Denton, $2,786.19 The Abbey Inn Restaurant & Pub, 101 W. Hickory St., Denton, $3,034.29 The Aztec Club, 720 W. University Drive, Denton, $1,279.36 The Bears Den, 11670 Massey Road, Pilot Point, $370.71 The Garage, 113 Ave. A, Denton, $3,751.73 The Green House, 600 N. Locust St., Denton, $1,945.34 The Labb Club, 218 W. Oak St., Denton, $2,830.21 The Olive Garden Italian Restaurant, 2809 S. I-35E, Denton, $1,379.66 Three Fins Seafood Grill, 2303 S. I-35E, Denton, $952.27 Toms Daiquiri Place, 1212 W. Mulberry St., Denton, $2,999.99

Tower Tap House, 290 E. Eldorado Parkway, Little Elm, $4,066.09 University Lanes, 1212 E. University Drive, Denton, $589.80 Varsity Roadhouse, 26781 US Highway 380, Little Elm, $1,361.17 Verona Pizza Italian Restaurant, 201 Loop 81/287N, Decatur, $23.31 Villa Grande Mexican Restaurant, 12000 US Highway 380, Suite 100, Cross Roads, $1,649.07 Villa Grande Mexican Restaurant, 2530 W. University Drive, Suite 114, Denton, $1,324.38 Vitty's Club Inc., 1776 Teasley Lane, Suite 102, Denton, $1,826.21 Wild Horse Grill, 9400 Ed Robson Circle, Denton, $2,048.65 Wing Town, 4271 FM2181, No. C316, Corinth, $0

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23 Vital Statistics BUILDING PERMITS

Denton Business Chronicle

LIENS

The following building permits were issued by the Denton Planning and Development department in August. Commericial 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.

September 2014

The following liens were posted in August at the Denton County Clerk’s office.

STATE TAX LIENS CERTIFICATES OF OCCUPATION Americas Storage, 525 Fort Worth Drive, No. 204 Bryan Barba, 2301 N. Masch Branch Road, No. 215 Henry Shoopman, 934 N. Locust St. Macho Self Storage, 525 Fort Worth Drive, No. 101 Renaissance Medical, 2509 Scripture St. Responsive Education, 4420 Country Club Road Seyed M. Bagheri, 500 N. Bell Ave., No. 109 Texas Medical Denton, 209 N. Bonnie Brae St. COMMERCIAL ALTERATION Afford It Tires, 2400 E. University Drive Anytime Fitness, 5050 Teasley Lane, No. 104 Atmos Pipeline-Texas, 5642 E. McKinney St. Attorney General, 1804 Cornell Lane Bet The House BBQ, 508 S. Elm St., No. 109 Big State Pawn, 1321 Teasley Lane Bill Pantuso, 3301 Unicorn Lake Blvd. Clearwire, 1720 W. University Drive Counseling & Diagnostic, 320 W. Eagle Drive, No. 206 Dr. Rodriguez, 2185 Brinker Road, No. 110 Eric Delegard, 2408 N. Elm St. Hot Topic, 2201 S. I-35E, No. S19 HTA Aviation LP., 1518 I-35 Kohls Department Store, 2620 W. University Drive Luxor Nails Spa, 5050 Teasley Lane, No. 108 McKinney Food, 1117 E. McKinney St. Pizza Hut Inc., 400 N. Loop 288, No. 110 Saratan Corp., 909 N. Loop 288 The Heart Hospital, 2801 S. Mayhill Road West Midwifery Care, 1813 Hinkle Drive, No. 111 West Oak Coffee Bar, 114 W. Oak St. COMMERCIAL 7-Eleven Inc., 2221 & 2225 W. University Drive Atmos Pipeline, 5642 E. McKinney St. Bill Pantuso, 3301 Unicorn Lake Blvd. Denton Creek Realty LP., 950 Masch Branch Road John R. Porter 1804 Cornell Lane 1808 Cornell Lane RESIDENTIAL Beazer Homes 3300 Knoll Pines Road 3213 Knoll Pines Road 3305 Knoll Pines Road 3317 Knoll Pines Road 7341 Desert Willow Drive

4801 Green River Drive 4713 Green River Drive 3109 Tamarack Lane 3221 Tamarack Lane 3113 Tamarack Lane 4701 Green River Drive 4717 Green River Drive 4705 Green River Drive 3220 Tamarack Lane 3117 Tamarack Lane DR Horton Texas LTD 2508 Lighthouse Drive 3321 El Dorado Drive 3304 El Dorado Drive 3309 El Dorado Drive 3313 El Dorado Drive 2801 Pioneer Drive First Texas Homes 6713 Edwards Road 6501 Edwards Road Habitat For Humanity 415 Ruth St. HMH Lifestyles LP 2304 Bray Village Drive 2100 Windsor Farms Drive History Maker Homes 2321 Eaton Place 2312 Arrowhead Drive 2313 Eaton Place Innovation Builders 3520 Tuscan Hills Circle 3608 Tuscan Hills Circle 9316 Amistad Lane 5801 Tawakoni Drive 5005 Thistle Hill 3017 Montebello Drive 9524 Havenway Drive Robson Denton Dev. LP 9512 Crestview Drive 9404 Freeport Drive 10120 Sandhurst Drive 11625 Melrose Drive 9909 Teakwood Ave.

Chris McCrone 1012 Tallahassee Drive

Robson Ranch (GC) 11900 Southerland Drive 11509 Parkcrest Drive 10105 Sandhurst Drive 9704 Lindenwood Trail 9117 Compton St. 9813 Teakwood Ave.

DR Horton 3205 Tamarack Lane 5824 Longmont Drive 4509 Green River Drive 4513 Green River Drive 3228 Tamarack Lane 3209 Tamarack Lane 4712 Shagbark Drive 4801 Wasatch Drive

Sandlin Homes 5705 Millers Creek Drive 5505 Balmorhea Drive

SALES TAX

NAME/ADDRESS Bradley Jay Bell, 807 N. 5th St., Sanger Herrera’s Tex-Mex Denton Square LLC, 100 W. Oak St., Suite 160 James Michael Beaver, 10 Highview Circle, Denton Kevin L. Lee, 3601 Chapel Hill Lane, Denton Last Drop Taverns LLC, 1707 Morning Glory Drive, Corinth Scooters Sports Bar & Grill Inc., 929 N. Washington St., Pilot Point

TYPE Limited sales excise and use tax Limited sales excise and use tax Limited sales excise and use tax Limited sales excise and use tax Limited sales excise and use tax Limited sales excise and use tax

AMOUNT $1,456.96 $4,107.79 $1,093.65 $20,955.48 $1,235.83 $2,556.25

REC. DATE 08/20/2014 09/02/2014 09/02/2014 08/11/2014 09/02/2014 09/02/2014

AMOUNT $1,944.32 $1,256.28 $2,531.11 $1,053.90 $2,133.44 $1,105.08

REC. DATE 08/11/2014 08/28/2014 09/02/2014 08/28/2014 08/05/2014 08/28/2014

TYPE 1040 940,941 1040 941 1040 941 1040 941 940, 941 941 1040 1040 1040

AMOUNT $3,721.57 $50,678.70 $16,113.54 $2,429.10 $67,753.26 $8,285.63 $883.20 $19,076.15 $3,834.49 $2,383.23 $14,678.90 $29,296.77 $90,707.39

REC. DATE 08/16/2014 08/19/2014 08/28/2014 08/05/2014 08/13/2014 08/15/2014 08/28/2014 08/05/2014 08/28/2014 08/28/2014 08/05/2014 08/06/2014 08/15/2014

TYPE 1040 1040 1040 1040 1040 1040

AMOUNT $106,980.45 $152,150.65 $25,050.44 $43,540.15 $41,187.59 $20,509.40

REC. DATE 08/13/2014 08/28/2014 08/28/2014 08/28/2014 08/15/2014 08/15/2014

CONTRACTOR Work Environmental Systems Craftsman Village Homes Noble Classic Homes Inc. Korrect General Contracting LLC Gohlke Pools Epic Hill Homes LLC

AMOUNT $12,550.00 $310,000.00 $72,500.00 $25,000.00 $60,491.36 $40,820,00

REC. DATE 08/13/2014 08/04/2014 08/06/2014 08/06/2014 08/25/2014 08/13/2014

RELEASE OF STATE TAX LIENS NAME/ADDRESS Amanda and Gary Haack, 219 Fort Worth Drive, Denton Burt Bland, 911 Stonecrest Road, Arygle Jake’s Performance LLC, 902 Utility Road, Suite 100, Sanger Martin Electrical Systems LLC, 4030 Trey Lane, Suite D, Argyle Old Pro Leather Goods LLC, 8291 Gateway Drive, Suite 440, Argyle Sipo D. Thao, 2303 Leslie St., Denton

FEDERAL TAX LIENS NAME/ADDRESS Barry R. and Linda L. Jacobs, 2520 Natchez Trace, Denton Beps Restaurant Group LLC, 2900 Wind River Lane, Suite 134, Denton Bradley J. Warner, 3516 Wessex Court, Denton Grahams Concrete Inc., 1004 Ector St., Denton Joseph C. Brager, 6101 Goldenrod Drive, Denton Lee and S. Company, 3606 S. I-35E, No. 100, Denton Michael W. Warren, 3621 Beatriz Drive, Denton Ramon A. Cruz MD. PA., 624 W. University Drive, No. 397, Denton Ryco Medreview LLC, 919 S. Carroll Blvd., Denton Simone Urschel LLC, 222 W. Hickory St., Suite 102, Denton Vernon D. Coleman, 1412 La Mirada, Denton William L. Singleton, 1606 E. McKinney St., Apt. 6105, Denton Willis C. and Sandra K. Cash, 4205 Red Wolfe Road, Denton

RELEASE OF FEDERAL TAX LIENS NAME/ADDRESS Grant A. Innes Jr., 1618 Shadow Crest Drive, Corinth Harold R. and Twylla M. Harper, 7615 Jane Long Road, Sanger John T. and Elizabeth A. Borah, 2201 Knoll Ridge Drive, Corinth John T. Elizabeth A. Borah, 2201 Knoll Ridge Drive, Corinth Stacy L. Hardin, 825 US Highway 377, Pilot Point Stacy L. Hardin, 825 US Highway 377, Pilot Point

MECHANICS LIENS NAME/ADDRESS Colleen S. and Michael E. Rushing, 8500 Clear River Lane, Denton Gina A. Knard, 502 Village Way, Argyle Jade and Joshua Fagan, 2378 E. Hickory Hill Road, Argyle Jeffery D. and Malissa A. Fry, 1807 Locksley Lane, Denton Kerry D. Hansher, 4116 Red Wolfe Road, Denton Mayra A. Martinez, 503Chambers St., Denton

Business Mixers

The following sales permits were issued by the state comptroller’s office for August. The list includes the owner, name of business and address within the area codes of 76227, 76234, 76249, 76258, 76259 and 76266.

Denton Chamber of Commerce SALES | CONTINUED FROM PAGE 21 Microlending Servicing LLC, Microrending Servicing, 5055 US Highway 377S, Aubrey Roy Gene Graves, Roma Pizza, 928 S. Highway 377, Aubrey 76234 American Trailer Solutions LLC, American Trailer Solutions LLC, 351 Airport Road, Decatur Autozone Parts Inc., Autozone No. 3105, 1301 S. FM51, Decatur Melinda Smith, Yellow Rose Promotions, 140 Greathouse Village, Decatur Ricky G. Smith, SMG, 1025 County Road 4380, Decatur Summit Acquisition LLC, Baymont Inn & Suites Decatur, 600 W. Hale Ave., Decatur 76249 Arthur R. Burlison, Blue Gecko Pools, 5 W. Sharon Drive, Krum

Krumbles Bakery LLC, Krumbles Bakery LLC, 1541 E. McCart St., Suite C, Krum Shreeya Laxmi Inc., Johnny Joe's, 100 S. 1st St., Krum 76258 Erica B. Riney, Creations By Erica, 12071 Joe Allen Road, Pilot Point 76259 Rebecca L. McNeil, Texas Caribou, 11901 Hill Country Circle, Ponder 76266 Automated Safety Hitch Inc., Automated Safety Hitch Inc., 910 W. Chapman Drive, Sanger Fire Injun Inc., Big Mommas, 303 Bolivar St., Sanger Jake's Performance LLC, Jake's Performance LLC, 902 Utility Road, Suite 100, Sanger Natalie Christine, Green Flowers By Natalie, 5894 Stone Creek Drive, Sanger Rachel Wiedeke and Jennifer Esquivel, Burlap & Barbed Wire, 308 Bolivar St., Sanger

Leadership Denton class members prepare for an Aug. 15 session with the City Council.

User: dennisjackson@dentonrc.com Time: 09-14-2014

01:30

Product: DRC_Tab

PubDate: 09-17-2014

Zone: State

Edition: 1 Page: DBC_X24

Color: C K Y M

24 Denton Business Chronicle

September 2014

DENTON - CORPORATE 400 N. Carroll Blvd. 940.591.1200

DENTON - SOUTH 3301 Teasley Lane 940.383.6234

NORTHSTAR BANK MORTGAGE NMLS #1168275

3111 Unicorn Lake Blvd., Suite 120 | Denton 940.566.5363

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