December Denton Business Chronicle 2012 by Denton Media Company

2 Denton Business Chronicle

Dec. 12

Career Advancements Aubrey residents Jerry and Gwen Vawter were honored at the American Quarter Horse Association as 50-Year Legacy Breeders at a ceremony Oct. 2 at the American Quarter Horse Jerry Vawter Hall of Fame & Museum in Amarillo. Jerry met his wife, Gwen, when he was training cutting horses and she brought him a horse to train, according to a news release. They married Gwen Vawter in 1963, and by

1980 they built their broodmare band to about 45 mares, which included Conclusives Lace. Her first foal was by Obvious Conclusion, a 1988 sorrel stallion named Kid Clu. Kid Clu went on to change the halter world and sired 67 world and reserve world champions, according to the release. I Clark Rassi of Aubrey was recently recognized at the 2012 FedEx Open American Quarter Horse Association World Championships on Nov. 16 in Oklahoma City. Rassi Rassi bred

Top Secret, a 2001 sorrel stallion, which received the third-place Get-of-Sire title. The third-place finalist received a bronze trophy and a $1,500 check, a press release said. Rassi’s stallion was one of 14 stallion entries accepted to compete in the championship. I Shady Shores resident Mary McDowell, president and CEO of OneMain/ CitiFinancial, was honored last month with the American Financial Services Association’s Distinguished Service Award. McDowell was one of two executives who received the award at the association’s 96th annual meeting in Chicago. The award is given to individu-

als who have contributed significantly to the industry and helped the association advance its mission and objective nationally, according to a news release. McDowell served as chairwoman of the association in 2010-11. She oversaw a task force to help the industry anticiMcDowell pate, respond to and prepare for regulatory changes under the Dodd-Frank Wall Street Reform and Consumer Protection Act. McDowell currently serves on the association’s investment policy committee and education foundation board.

Going Up

Business Mixers

Kohl’s

Ariel Club

McDowell joined Citi in 1991. She served as chief financial officer for businesses including CitiFinancial, CitiFinancial Mortgage Co., Citi–corp Trust Bank and the insurance business now known as Citi Assurance. She served in other positions at CitiFinancial and then became CEO of OneMain Financial in 2011, according to a news release. The American Financial Services Association is a national trade association for the consumer credit industry, with 350 members including consumer and commercial finance companies, auto finance/leasing companies and others. For more information, visit www.afsaonline.org or www. onemainfinancial.com.

On Dec. 3, the officers and members of the Ariel Club, Denton’s oldest club for women, celebrated their first Christmas Luncheon and 9th Annual Tree Dedication and Ornament Hanging Ceremony at their building located at 610 Oakland St. The women’s club has been in Denton since 1891.

More development at the Rayzor Ranch Marketplace which is set to include Kohl's, Famous Footwear, JoAnn Fabric & Craft Store and Petco. Stores will be opening in 2013.

Natural Grocers LEFT: From Left to right, Blanche Shull, Creative Pursuits department chairman; Edene Riggs, parliamentarian; Sara Jane Carter, Ariel Club President; Judy Keith, Clear Horizons department chairman; Nancy King, Shakespeare chairman; Peggy Widmer, Federation Counselor; Mary Margaret Moore, Music Department; Janet Scott, recording secretary; Diane Gallivan, Current Century department chairman; Claralynn Barnes, treasurer; Linda Cassidy, Modern Era department chairman and Helen Reikofski, Music department chairman. RIGHT: From left to right, member for 62 years, Elinor Caldwell; member for 57 years, Mary Evelyn Huey; member for 54 years, Martha Len Nelson and Melinda Merritt King who will be inducted as a new member in February 2013 as Chairman of the newest and 10th Department of Ariel Club, New Horizons. A new Natural Grocers, a health store, will open at the corner of Locust Street and University Drive. Photos by Karina Ramírez

Photos by Karina Ramírez

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Contents |

December 2012

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. Tuesday, Jan. 22, 6:30 p.m.

American Association of University Women, Denton Branch meets at Texas Womanâ&#x20AC;&#x2122;s University, Stoddard Hall, Room 402. Call 940-898-3797. Visit www.aauw denton.org or e-mail scompotonaauw@gmail.com

Hickory Creek Planning and Zoning Commission meets at Hickory Creek Town Hall, 1075 Ronald Reagan Ave.

Aubrey 380 Area Chamber of Commerce meets at the Prairie House Restaurant at 10001 E. U.S. Highway 380 in Cross Roads. Cost is $12 per person, reservations required. Call 940365-9781 or e-mail chamber@ aubreycoc.org Wednesday, Jan. 16, 11:30 a.m.

Denton Black Chamber of Commerce meets at the Denton Housing Authority, 1225 Wilson St.

December 2012 | Vol. 8, No. 10 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

On the cover: A sign for the Sterling Fry Street development goes up. Photo by David Minton

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

Tuesday, Jan. 8, 6 p.m.

NAACP, Denton County Chapter meets at the Denton Housing Authority, 1225 Wilson St. Thursday, Jan. 10, 7 p.m.

Wednesday, Jan. 2, 7 p.m.

Home Builders Association of Greater Dallas, Greater Denton Division has its monthly meeting and luncheon at the Prairie House located at 10001 U.S. Highway 380 in Cross Roads. Cost is $15 for associates and builders with reservations and $18 for walkins. Call 940-383-0853. Tuesday, Jan. 22, 11:30 a.m.

Wednesday, Feb. 6, 6 p.m.

Index

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 Thursday, Dec. 20, 9 a.m. Thursday, Jan. 24, 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.

Denton Hispanic Chamber of Commerce meets at Quality Inn & Suites, 1500 Dallas Drive.

Thursday, Dec. 20, 8 a.m.

Friday, Jan. 4, 7:30 a.m.

Thursday, Jan. 10, 8 a.m.

Thursday, Dec. 27, 8 a.m. Thursday, Jan. 3, 8 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 South Branch Library in Denton, 3228 Teasley Lane. Call 940-349-8752 to make an appointment. Wednesday, Dec. 26, 9 a.m. Wednesday, Jan. 2, 9 a.m. Wednesday, Jan. 9, 9 a.m. Wednesday, Jan. 16, 9 a.m.

Small Business Breakfast meeting sponsored by the North Central Texas College Small Business Development Center at the Denton Chamber of Commerce. A light breakfast is provided. Call 940-380-1849. Tuesday, Jan. 8, 7:15 a.m.

Women Business Owners of Denton County will hold its monthly luncheon at Oakmont Country Club, 1200 Clubhouse Drive in Corinth. Tuesday, Jan. 1, 11:30 a.m.

Thursday, Jan. 17, 8 a.m.

Denton League of United Latin American Citizens No. 4366 meets at the Denton Senior Center, 509 N. Bell Ave.

Lake Dallas 4A Economic Development Corp. meets at Lake Dallas Municipal Complex.

meeting by e-mailing Karina RamĂrez

Saturday, Jan. 19, 9:30 a.m.

Monday, Jan. 7, 7 p.m.

Calendar, Denton Record-Chronicle,

Please tell us about your event or at kramirez@dentonrc.com; by fax at 940-566-6888; or by mail to DBC 314 E. Hickory St., Denton, TX 76201.

Denton Planning and Zoning Commission meets in the council chambers at City Hall, 215 E. McKinney St.

Lake Dallas 4B Community Development Corp. meets at Lake Dallas Municipal Complex.

She also can be reached at 940-5666878.

Monday, Jan. 14, 7 p.m.

Wednesday, Dec. 26, 6:30 p.m. Wednesday, Jan. 9, 6:30 p.m.

Check out the Denton Business Chronicle online at dentonrc.com/businesschronicle

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Enterprising Voices

Five value investing lessons shareholders: “Intelligent investing is not complex, though that is far from saying that it is easy.” As an interesting 2012 closes its doors and we look to what 2013 might bring, my business partner and I hope to highlight the five key lessons that underpin successful value investing.

“I got to study under Ben Graham at Columbia, which changed my life.” - Warren Buffett, Graham’s Best Student

enjamin Graham is often cited as the father of modern value investing. Prior to his work as a professor, author and fund manager through the tumultuous 1920s, 1930s and 1940s, the stock market was mainly thought of as a casino, a place for insiders, hot-tips and wild swings. This time in the market was decidedly not the place where the “average-Joe” plowed his savings for retirement. But Graham approached the market in a very different, very disciplined way. He developed three key principles as the framework for investing, not speculating, in the market. Over his career, he delivered 20 percent

Jonathon FITE | annual returns, even after suffering a near-catastrophic collapse during the Great Depression. Amazing. Buffett supped from this font of knowledge and expanded on those three fundamental principles to add a few of his own. As a result, most value investing principles can be distilled into five simple lessons. Yet somehow, the application of these lessons is far from commonplace nearly 75 years later. As Buffett describes in his 1996 letter to

LESSON 1: PRICE DOES NOT ALWAYS EQUAL VALUE Graham is probably most famously known for his investing allegory of Mr. Market — a remarkably accommodating fellow who is your partner in a private business. Without fail, he appears daily to name a price at which he will either buy your interest or sell you his. But sad to say, the poor fellow has incurable emotional problems. At times he feels euphoric and can see only the favorable factors

affecting the business. When in that mood, he names a very high buy-sell price because he fears that you will snap up his interest and rob him of imminent gains. At other times, he is depressed and can see nothing but trouble ahead for both the business and the world. On these occasions he will name a very low price, since he is terrified that you will unload your interest on him. Mr. Market has another endearing characteristic: He doesn’t mind being ignored. If his quotation is uninteresting to you today, he will be back with a new one tomorrow. Transactions are strictly at your option. Underpinning this allegory is the belief that all businesses have some underlying, intrinsic value based on the assets they possess, the earnings-power those create and the competitive position held in the marketplace. Sometimes, the price Mr. Market is willing to pay for that value is reasonable, pricing the future prospects of the business based on reasonable

expectations of asset performance, earnings-power and competitive positioning. Unlike most financial academics who believe modern 24/7 news coverage, data feeds and trading-floor-chat-rooms result in efficient market prices, Graham believed Mr. Market was subject to bouts of manicdepressive mood swings. These swings create periods of time when the market price for a business could dislocate from a business’ true worth. Take a look at 1999, 2001, 2007 and 2009 for a few of these data points. These periods represented massive spikes in price-volatility, but looking back, it is clear the fundamentals of many businesses were not appropriately reflected during these mood swings. Just as most academics believe that the market price of a business always reflects an accurate value of the business’ future prospects, these same professionals equate

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Enterprising Voices

Residential Construction Defects

ith a hopefully improving economy, our state and local community should see an increase in new housing development. If our past history is a good indicator of the future, then the increase in new construction will necessarily increase the number of construction defect claims between the buyers of these new homes and the contractors who constructed them. This article will briefly discuss the history of residential construction claims in Texas and set forth the current legal framework for homeowners and builders who may soon find themselves on one side or the other of a residential construction defect claim. HISTORY Prior to 1999, residential construction disputes in Texas were primarily dealt with through general contract principles and consumer protection statutes. As a result of a real or perceived increase in the number of claims brought by owners against builders and the large damage claims potentially available under certain state consumer protection statutes, the Texas legislature enacted the Texas Residential Construction Liability Act in Chapter 27 of the Texas Property Code (RCLA). RCLA framed construction defect claims into specific procedural and damage limitation considerations. However, it seemingly did little to reduce the number of suits and arbitrations or to reduce the large damage claims sought by homeowners against builders. In response to a very powerful Texas builders’ lobby — with input from a somewhat less influential consumers’ lobby — the Texas legislature enacted the Texas Residential Construction Commission Act (TRCCA) in 2003. The general purpose of TRCCA was to provide a builder registration program, provide a

Scott ALAGOOD | mandatory administrative statesponsored inspection and dispute resolution process for construction defects and set forth minimum building standards and warranties for residential construction. Without getting into the details of TRCCA, it should be noted that an owner’s failure to follow the mandatory state-sponsored inspection and dispute resolution process could result in the owner losing the ability to prosecute a claim in court or through arbitration. The mandatory and harsh effects of TRCCA, when combined with the economic downturn, effectively resulted in litigated and arbitrated construction defect claims virtually ceasing to exist between 2003 and 2009 in Texas. However, TRCCA was subject to the sunset laws governing administrative agencies and, as part of the sunset process, TRCCA was repealed in 2009. Now that TRCCA has been repealed, owners and builders face going “back to the future” when dealing with construction defect claims under traditional contract principles, consumer protection statutes, and the Residential Construction Liability Act. IMPLIED WARRANTIES When TRCCA was dissolved in 2009, one of the consequences was the removal of the minimum building standards and warranties for residential construction. With TRCCA out of the way, the common law of Texas which existed at the time of TRCCA reappeared. Through several former Texas Supreme

Court decisions, two common law implied warranties once again set the standard for residential construction defects in Texas. The first implied warranty is the “warranty of good and workmanlike manner.” This warranty requires a contractor to construct a residence in the same manner as would a generally proficient contractor engaged in similar work and performing under similar circumstances. Any express warranty must equal or exceed the performance required by the implied warranty of good and workmanlike manner, and it cannot completely disclaim the implied warranty by providing performance standards that do not meet or exceed those required by the residential construction industry. The second implied warranty is the warranty that the home is suitable for human habitation and only extends to defects that render the home unsuitable for its intended use as a home. This warranty is only applicable to latent defects, that is those defects that are not disclosed or clearly known to the buyer of the home. This warranty may not be generally disclaimed. If fully disclosed by a builder to a buyer, those defects which are knowingly and voluntarily accepted will not be subject to the implied warranty of habitability. DECEPTIVE TRADE PRACTICES: THE HOMEOWNER’S SWORD The Deceptive Trade Practices — Consumer Protection Act (Section 17.41 et. seq. of the Texas Business and Commerce Code, herein DTPA) applies to the sale of homes. The DTPA expressly allows a consumer to maintain an action where the breach of an express or implied warranty produces economic damages or damages for mental anguish. Where a builder has not built the home in “a good and workmanlike manner” or to

be “habitable,” such builder has breached either or both of the two warranties implied by law on a new residence, thus making such “breach” actionable under the DTPA. The benefits that the DTPA provides over general contract principles are primarily twofold. First, the claimant only has to show that its damages were “produced,” rather than “proximately caused,” by the builder’s breach of the implied warranty. This means that the claimant need not prove that any resulting damages were reasonably foreseeable. Any damages, no matter how remote, may be proven by the claimant, so long as they result from the builder’s breach of the implied warranty. Secondly, where the claimant can prove that the builder intentionally or knowingly “breached” the implied warranty, the claimant may also be awarded mental anguish damages and up to three times the claimant’s actual or economic damages. RESIDENTIAL CONSTRUCTION LIABILITY ACT: THE BUILDER’S SHIELD Since the expiration of TRCCA, RCLA continues to provide builders with a statutory filter through which construction defect claims must navigate. While RCLA does not in and of itself provide the homeowner with a separate cause of action against a builder, failure to comply with the act has consequences for both the homeowner and the builder. First, RCLA makes it clear that to the extent of any conflict between RCLA and the DTPA, the provisions of RCLA will control. Second, RCLA limits the liability of a contractor for defects caused by several statutory acts which are deemed to be outside of the contractor’s control. Third, RCLA requires that the homeowner give the contractor at least 60 days prior written notice by certified mail of the specific construction defects that are the subject of the complaint prior to filing suit

or invoking arbitration proceedings. Fourth, RCLA allows the contractor during the first 35 days following receipt of the homeowner’s RCLA notice to inspect the home and construction defects by supplying the homeowner with a written request for inspection. Fifth, RCLA allows the contractor to provide a written offer of settlement to the homeowner by certified mail that may include an agreement by the contractor to repair or have repaired any of the applicable construction defects and may describe the kind of repairs to be made. Additionally, under certain specific circumstances, the contractor may also make an offer to repurchase the home. Any offered repairs must be made not later than 45 days after the contractor’s receipt of the homeowner’s written acceptance of the contractor’s offer, unless delayed by the homeowner or by other events beyond the contractor’s control. Sixth, if the homeowner believes that the contractor’s initial offer of settlement is not reasonable, then the homeowner must advise the contractor in writing of such fact and provide details on why within 25 days of receipt of the contractor’s initial offer. In such instance, the contractor has an additional 10 days from receipt of such notice from the homeowner to make a supplemental written offer of settlement to the homeowner. Seventh, if the homeowner rejects a reasonable offer from the contractor or fails to permit the contractor to perform under such offer after acceptance, the homeowner’s damages are limited to the greater of the value of the contractor’s repair offer, or monetary settlement offer; and the homeowner’s reasonable and necessary attorney’s fees incurred before the offer was rejected. Where a contractor fails to make a timely reasonable offer, the immediately preceding damage limitations do not apply. Regardless, the current version

ALAGOOD | CONTINUED ON PAGE 11

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8 Denton Business Chronicle

Dec. 12

Business Mixers Villa Grande Dine Out for the Cure In October, Villa Grande restaurants at both of its locations in Cross Roads and Denton, hosted Dine Out for the Cure events benefitting the North Texas Affiliate of Susan G. Komen for the Cure. Each restaurant donated $1,000 to Komen North Texas.

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Courtesy photos

MacDaddy’s Macaroni and Cheese Bar MacDaddy’s, a macaroni and cheese bar on Fry Street, held its ribbon cutting Nov. 7 at 1206 W. Hickory St.

Courtesy photo

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price volatility to risk. Value investors know this is silly, typically witnessing two or three 5 percent market pullbacks annually, often resulting in at least one 10 percent correction. Bear markets of 20 percent or more typically occur every two to three years and major plunges of 40 percent or more rear their heads once or twice a decade. Graham, and his best student sought these moments of highvolatility to exploit dislocations between price and value. Most people are familiar with the quip, “Be greedy ONLY when others are fearful.” This goes to the heart of the Mr. Market lesson. LESSON 2: CIRCLE OF COMPETENCE So if one believes there are times when price does not equal value, and that low price-to-value time periods are great opportunities to buy vs. high-price-to-value time periods being sound times to sell, successful investors must dedicate themselves to identifying the value of a business. It is only when you have a high degree of confidence in the value of a business that you can identify when Mr. Market is being moody. Graham and Buffett instruct us here as well: “Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily understandable business whose earnings are virtually certain to be materially higher five, 10, 20 years from now. Over time you will only find a handful of companies that meet these standards — so when you see one that qualifies, you should buy a meaningful amount of stock.” There are lots of interesting nuggets packed in this quote also taken from Buffett’s 1996 letter, but we believe the most important centers on the “easily understandable” part. In the universe of 5000 publicly traded stocks in the U.S., and probably another 10,000 more around the world, there are likely a select few the

Business Mixers Denton Chamber of Commerce quarterly meeting

The staff of the new Denton Regional Urgent Care Center conducted a ribbon cutting and official grand opening Nov. 6 of their new facility at Rayzor Ranch Marketplace.

Phil Wilson of the Texas Department of Transportation speaks at the Denton Chamber of Commerce quarterly meeting

LEAD Delegates are awarded the Outstanding Mid-Year LEAD Delegate awards. Courtesy photos Courtesy photo

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Caleb O’Rear, CEO of Denton Regional Medical Center, cuts the ribbon Nov. 6 to officially open the Denton Regional Urgent Care Center at Rayzor Ranch Marketplace in Denton.

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Enterprising Voices ALAGOOD | CONTINUED FROM PAGE 6

of RCLA seems to prohibit a homeowner from recovering any damages other than the following reasonable and necessary damages which are proximately caused â&#x20AC;&#x201D; must be â&#x20AC;&#x153;foreseeableâ&#x20AC;? â&#x20AC;&#x201D; by a construction defect: cost of repairs; cost for the replacement or repair of goods damaged in the residence; engineering and consulting fees; expenses for temporary housing; or reduction in fair market value related to any structural failure and attorneyâ&#x20AC;&#x2122;s fees. Note that the heightened causation standard of â&#x20AC;&#x153;proximate causeâ&#x20AC;? is reintro-

duced, and the limitations on damages supplied by RCLA appear to completely remove the statutory mental anguish and multiplication of damages which would otherwise be allowed by the DTPA. Finally, under RCLA, either the homeowner or the contractor may force the construction defect disputes to be mediated. As you can see, construction defect claims can be extremely complicated for both the homeowner and the builder. Failure to follow the statutory requirements of RCLA may have serious consequences for either or both parties. Therefore, if you

find yourself in such a situation, it is always advisable to seek the advice of a competent attorney who regularly deals with construction defect cases. SCOTT ALAGOOD is Board

Certified by the Texas Board of Legal Specialization in both Commercial and Residential Real Estate Law and may be reached at alagood@denton law.com and www.dentonlaw. com

Denton Business Chronicle Book Your Next Event at The French Fig! www.TheFrenchFig.com 214.587.3415 3110 Hartlee Field Road Denton, Texas 76208

Denton County Days planned for February

he Sheraton at the Capitol is the headquarters hotel for the 2013 Denton County Days in Austin on Feb.18 and 19. Denton County Days is designed to acquaint the stateâ&#x20AC;&#x2122;s top elected decision makers and key agency officials with the many assets of the county, and heighten the overall image and visibility of the North Texas area. The registration fee is $75 per person and includes admission to a reception for all state legislators and a breakfast meeting with the Denton County legislative delegation, as well as additional briefings on pertinent issues. Topics and details are pending. A joint project of the chambers of commerce of Denton County, this event has been held in conjunction with every regular session of the Texas Legislature since 1987. Nearly 150 North Texas area business leaders and local government officials traveled to Austin in 2011. Although not specifically connected with the Denton County Days events, the Denton Chamber also helps coordinate a joint positions agenda with the Denton City Council, Denton ISD board and area universities.

Chuck CARPENTER | Position statements are personally delivered by chamber teams before and after the official Denton County Days activities. Topics are currently being reviewed by the chamberâ&#x20AC;&#x2122;s State & Federal Relations Committee, co-chaired by Kimberly Reasoner and Rich Reynolds. Travel arrangements and overnight accommodations are to be made by the individual participants. A special room rate is available at the Sheraton through Jan. 15 for those identifying themselves as being with the â&#x20AC;&#x153;Denton County Daysâ&#x20AC;? group. Call the Sheraton directly to make reservations, 512-478-1111. CHUCK CARPENTER is president of the Denton Chamber of Commerce. He can be reached at 940-382-9693 or dcoc@denton-chamber.org.

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Cover Story

Dec. 12

Business review 2012

Photo by David Minton

Renovations will begin soon at Golden Triangle Mall on Loop 288, including new entrances and a new food court.

By Rachel Mehlhaff

Denton welcomed new businesses, renovations and continued development in 2012. But it also had to say goodbye to some favorites. RAYZOR RANCH KEEPS BUILDING Throughout the year the Rayzor Ranch development, located on U.S. Highway 380, added a slew of smaller stores and businesses at its Marketplace, which is also home to Sam’s Club and Wal-mart. And it ended the year on a high note with the announcement that Kohl’s would be coming to the Marketplace while Dillard’s would be coming to the Town Center, a project that’s been on hold since 2007. There is currently a Dillard’s at Golden Triangle Mall and officials with both entities

weren’t immediately sure whether the retailer would operate two stores in Denton. Along with Kohl’s, Rayzor Ranch officials announced Famous Footwear, Petco and a Jo-Ann Fabric and Craft would also open in the Marketplace in 2013. Some of the other additions to the Marketplace include Cowboy Chicken, which features a real wood-fired rotisserie chicken, Denton Regional Medical Center’s new Urgent Care Center, Top That! Pizza, Mooyah, Denton’s second location for the hamburger restaurant and Villa Grande, a Mexican

and Tex-Mex restaurant. GOLDEN TRIANGLE MALL KEEPS RENOVATING Across town, the Golden Triangle Mall, located on Loop 288, made strides in its renovation project, which will continue into the new year. It updated its interior with a new center court and many of the storefronts received facelifts. In 2013, the renovations will focus on the exterior as well as the expansion of the mall’s existing food court. The mall was purchased in November 2011 by GTM Development Ltd., a limited partnership between Cencor

Realty Services and MGHerring Group, an Arizona-based En Pertignus Holding Corp., a wholly owned subsidiary of JPMorgan Chase & Co. The Golden Triangle Mall began construction on the interior. Renovations on the 765,000-square-foot shopping center began in April. STERLING FRY STREET OPENS Over by the University of North Texas, the Sterling Fry Street development changed the landscape around Cool Beans. The mixed-use development opened its 194-unit apartment complex for college students with 614 beds. It also added several restaurants to its 10,500square-foot retail space, including Potbelly Sandwich Shop, Chipotle Mexican Grill,

MacDaddy’s Macaroni and Cheese Bar and Yogurtland. Another restaurant GRIP Mediterranean Grill should open later next year. MOVING OUT AND MOVING IN Denton had to say goodbye to several businesses throughout the year. In January, officials with Nucor Corp., the country’s largest steel manufacturer and the parent company of Nuconsteel, announced plans to leave the business of fabricating light-gauge steel framing and close its division located at 525 S. Locust St. Nucor entered the residential and commercial light-gauge steel framing business in November 2001 with the acquisition of Itec Steel Inc., which

13 Denton Business Chronicle

Dec. 12

Photo by David Minton

ABOVE: The windows of the Love Shack restaurant have been covered and advertise that the burger joint of Fort Worth celebrity chef Tim Love will be replaced by a new restaurant concept in early 2013. Photos by Al Key

TOP RIGHT: A Charter Communications employee installs cable in front of the Sterling Fry Street development on Hickory Street in May. BOTTOM RIGHT: Construction gets underway in October on the new Kohl’s store at Rayzor Ranch.

became Nuconsteel shortly thereafter. In addition to its Denton location, the company terminated operations in Dallas, Ga. Nucor has facilities in the U.S. and Canada. Kirkland’s Inc. also announced in January it would close its Denton location. But in its place, the Denton Crossing shopping center off Loop 288 gained Rue21, a national clothing store for young adults. Fremaux’s Metropolitan Catering closed its doors in June, after more than a decade of catering for Denton residents. Chuck Fremaux, owner of the 13-year-old catering business, cited a variety of reasons for the closure, including other wedding venues and event facilities opening in Denton and making it challenging for his business. In July, Hastings Books Music and Video went out of business because profits were down. The Denton location employed 35 full-time and part-time employees. As the year came to a close, Amy and Joey Hawkins, who own both Jupiter House loca-

tions, announced they’d be shutting the Jupiter House-Europa location at 503 W. University Drive. The couple plans to replace it with a bagel shop — Royal’s Bagel and Cinnamon Roll — next year. Another coffee shop across town also announced it was closing. After three-and-a-half years in business, the owners of Cafe Du Luxe announced that they will be closing their restaurant located inside the Unicorn Lake development. Another big surprise at the end of the year was the announcement that Love Shack, a burger joint at 115 E. Hickory St. that had only been in business for 18 months, would be closing. A sign outside the restaurant stated that owner Tim Love would be “re-designing and renovating the space, which will open with a new concept in early 2013.” But Denton also welcomed some new businesses in 2012, including Hoochie’s Oyster Bar, which opened on Bell Avenue in the spring, offering a relaxing

atmosphere where people can hang out, listen to live music and enjoy seafood. Owner John Blackwood has been working on revamping the old yellow house since last October with his business partner, Sam Solomon. Peerless Manufacturing Co. broke ground on a more than 30-acre lot near Denton Airport in the fall. Slated to open in the summer of 2013, the approximately 80,000-square-foot manufacturing facility — with room for expansion — more than triples the size of the company’s current approximately 22,000-square-foot facility in the 1100 block of Duncan Street. The new facility’s price tag totals about $9 million, according to company officials. When the facility is fully operational, the company looks to employ about 160 people. HOTELIERS EXPRESS CONCERN Early on in the year, hoteliers expressed concerns about the city’s proposed convention center REVIEW | CONTINUED ON PAGE 14

14 Cover Story

Denton Business Chronicle

Dec. 12

update its 2009 hotel market study but city officials said they already invested in a study. Hoteliers have been clear that it’s not the convention center that concerned them but the hotel attached to it.

tax revenue from the project and lease payments from O’Reilly. After hearing about the revived project, Denton hotel owners wrote a letter to the city’s director of economic development saying because of the state of the lodging environment the new hotel would pull revenue away from existing ones. About 1,000 of the 2,100 hotel rooms in Denton are empty every night, driving down earnings so low that some owners are having trouble making their mortgages. The hoteliers asked the city to

REVIEW | CONTINUED FROM PAGE 13

with an attached full service hotel with about 300 rooms, calling the hotel market “fragile.” The proposed center at the former site of the Radisson Hotel, dormant since 2009, revived at the beginning of the year with an unsolicited proposal from Missouri-based O’Reilly Hospitality Management LLC. A preliminary agreement between Denton, O’Reilly and UNT, which owns the land, shows city leaders paying for the $25 million convention center with city

UNEMPLOYMENT SAW DECLINE The unemployment rate declined during the first few months of the year then increased during the summer months before beginning to decline again in the fall. In July, Erica Sullivan, eco-

ing company with a plant at 3200 Airport Road laid off 250 employees in July. It wouldn’t disclose the number of employees laid off in October. Unless Peterbilt submits a notice under the Worker Adjustment and Retraining Notification Act, the exact number of employees laid off doesn’t have to be disclosed to the city or the state.

nomic development analyst for the City of Denton, said the increase in unemployment in the summer occurs every year but that the city’s rate remains lower than the county, state or national averages. Unemployment was on the decline again in August and continued to decline into September but holding flat in October. While unemployment saw improvement most of the year, Peterbilt Motors Co. had two rounds of layoffs in July and October. The truck manufactur-

RACHEL MEHLHAFF can be reached at 940-566-6889. Her e-mail address is rmehlhaff@dentonrc.com.

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Enterprising Voices

Saying ‘thank you’

hank you, City of Denton and Denton community for a most rewarding career. It has been my pleasure to work in the Economic Development Department for the City of Denton for more than 22 years. My life is so different than I ever imagined it might be, and that’s because of the incredible opportunities and challenges placed before me during my term as director of economic development, and the support of friends, colleagues and many leaders throughout the community. I’ve always said that mine is the best job in the city. I have the best staff and we have the most fun getting our work done. There are probably a few other directors who might contend that theirs is the best job — but they would be wrong! I’ve had the honor to work with wonderful City Council members who dedicate a tremendous amount of their time and energy to Denton just because they care about the community. I’ve worked under five great city managers and have formed life-long friendships with

FITE | CONTINUED FROM PAGE 10

average investor can truly understand well. This is what Graham calls a “circle of competence”. There is no reason for an investor to chase the latest social-media darling, SouthAfrican gold miner or phasethree Alzheimer-drug maker. There is little chance any of these truly lie within your circle of competence. But we bet just about anyone reading this article — with some basic lessons on valuation — could assess the future prospects of Coca-Cola, Wal-mart or BerkshireHathaway. My business partner and I spend a lot of time trying to expand our circle of competence. That is why you have seen articles these past few years covering companies like Shaw

Linda RATLIFF | some pretty fantastic people. People say you are lucky when you are in the right place at the right time. I have been very lucky. There is no better place for an economic development professional. The city and the chamber have a strong partnership, and I am eternally grateful for Chuck Carpenter and Karen Dickson who continue to share the vision. In Denton we are so fortunate to have a diverse business base. We’ve seen the economy in other cities spiral down when a major employer leaves or closes. And, sadly, due to the economy or a number of other reasons, we’ve seen some of our larger Denton businesses close their doors — Moore Business Forms, Texas

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Instruments, Andrew Corporation, and Russell Newman to name a few. However, the community continues to thrive and new businesses have kept Denton’s head above the recessionary waters — United Copper, Flowers Foods, Schlumberger, Fastenal and Labinal are some. Several of our existing businesses have done so well that they expanded — like Sally Beauty, Peterbilt, Jostens and Mayday. There are so many reasons why I’m proud to be in Denton: incredible medical facilities, two growing universities, a vibrant arts and entertainment community and the most generous, involved citizens. I’m so happy to have been here to see our downtown redevelop and to see the arrival of the commuter rail. As I retire, I just wanted to say, “thank you, Denton.” You were by my side as I became a UNT alum, you witnessed the high school and college graduations of my children, and you grieved with me over the passing of my husband. You are the best! LINDA RATLIFF is the director of economic development for the City of Denton.

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Industries (a power-plant contractor), Nu Horizons (an electronics component distributor), and Bronco Drilling (an onshore rig operator) in addition to the more familiar names above. But we are professional fund-managers. This is our fulltime vocation, even passion. But the average investor can do quite well knowing, understanding and following a handful of simple companies. If you truly build a circle of competence around a company, then you will know when the market price has drifted away from true value of your business — and you can invest accordingly. The key here is the vast majority of businesses should simply be put on the too hard pile. There are no called strikes in this game. There is no penalty for not swinging. Pick your pitches and hit the fat ones.

LESSON 3: MARGIN OF SAFETY Now you know price does not always equal value and you have spent enough time to understand a particular business to recognize when this phenomenon is occurring. The third lesson simply says only buy when you have a big enough margin of safety to account for the fact you might be wrong in your assessment. While the goal of any investment is to make money, first and foremost, we need to do all we can to prevent losses. If we think about capital preservation first, we buy with a high degree of confidence our downside is protected. Then, if our assessment of the price versus value equation is correct, when Mr. Market realizes he was being silly and offers a more fair FITE | CONTINUED ON PAGE 16 LS

16 Enterprising Voices

Denton Business Chronicle

Dec. 12

FITE | CONTINUED FROM PAGE 15

price for your business, your margin of safety turns into your upside. Sometimes Mr. Market may wake up from his depression quickly, sometimes it takes three, four or five years. The key is to only buy at a big enough discount so that if business conditions worsen the likelihood of true capital losses are low, and so that if you have to wait a while for Mr. Market to perk up, you are appropriately compensated for your patience. LESSONS 4: GREAT BUSINESSES While the first three lessons flow straight from the teacher, Buffett expanded upon these core principles as his investment career matured. In contrast to Buffett’s early years as a hedge fund manager when he often bought average businesses priced at large discounts to their liquidation value, as Buffett’s investment company grew and his available universe of investment opportunities shrank, he narrowed his focus to high quality businesses. While still applying Graham’s lessons, Buffett found buying great business at a fair price was

easier, and safer, than buying mediocre businesses at a great price. Over the years, it’s no wonder companies like CocaCola, Wells Fargo and Geico have found their way into his portfolio. All were understandable businesses. All were bought at times when the market price was well below their intrinsic value, creating large margins of safety. But perhaps more importantly, these businesses were of such high quality, their long-term earnings power nearly guaranteed their worth would increase substantially over the years, well ahead of the eroding effects of inflation. Given our government’s penchant for steady debasement of our currency, this is very meaningful over long periods of time. In our own fund, we have the luxury of a much wider universe of opportunities versus Buffett. This flexibility allows us to go to where the best values happen to be — whether that’s in Wal-mart, the world’s largest retailer, or Miller Energy Resources, a microcap oil and gas company in Alaska. But most investors are likely to do just fine if they confine their short list to the world’s best businesses, where their circle of competence is likely to be the

strongest, and buy them when the market assumes these dominant players will never grow again. LESSONS 5: GREAT MANAGERS The corollary to great businesses is great leaders at their helms. In the mid-80s, Buffett once explained management really only has two jobs: the first is to find, hire and retain the best talent to run the operations of a business; the second is capital allocation. Unfortunately most management teams are terrible at this. Over the course of their careers, most Chief Executive Officers demonstrate remarkable skills in sales, or marketing, or production, or research and development — and they rise to the top based on these skills. But none of these skill sets necessarily teach the leader how to invest. This is evidenced by most of the merger and acquisition activity CEOs initiate. Over the years, few deals have actually benefited shareholders, increasing the intrinsic value per share of the enterprise. Instead, most deals fuel the CEO’s animal spirits to grow larger simply for the sake of being larger, to bid up acquisition

candidates because their competitors are bidding too, to use shareholder funds like monopoly money since most CEOs own too little of the enterprises they run. The disastrous exploits by Hewlett-Packard’s bevy of overpaid and under aligned CEOs over the past few years quickly come to mind. One of the ways to combat this is to narrow your target list of companies to those who have great managers at the top. Managers who own several multiples of their annual salary in company stock are more likely to run the business with an owner’s mentality, one that maximizes shareholder value rather than one that simply expands the CEOs sphere of power. Companies with long records of high Returns-on-Equity (ROE) are often businesses who have disciplined capital allocators as well. Only when managers effectively invest the shareholder’s money will long-term ROE be above average. In our own fund, this criterion is key to our investment decisions. Having managers who are heavily aligned with shareholder value helps ensure destructive capital allocation decisions are avoided, and when companies

find themselves priced below their intrinsic value, these managers can help shareholders by initiating accretive share repurchases. This tax-efficient exploitation of the price-to-value gap acts on behalf of shareholders when they may not have funds to do it themselves, and increases shareholder returns over time. While these five lessons are not an exhaustive list of all the learnings from Graham and Buffett’s value investing philosophy, they comprise a core framework of principles for all rational investors. In our own fund, we supplement these with other valuation, portfolio management and macro-economic insights. But if investors simply keep these five in mind, the power of the lessons may change your life as well. 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@KMFI nvestments.com.

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OIL AND GAS LISTINGS The following oil and gas reports for the month of November were posted by oilandgasreports.com LLC, P.O. Box 1540, Corpus Christi, TX 78403. For more information, visit www.oilandgasreports.com.

Lease: Cummings "B" Operator: Williams Prod. Gulf Coast LP Location: 324.1678-acre unit, J. West, A-1414; 4.7 Miles NW of Flower Mound Field: Newark, East [Barnett Shale] Total Depth: 8343'

Denton County Lease: Ace Unit A Operator: Williams Prod. Gulf Coast LP Location: 188.8181-acre lease, H. Turner, A-1248; Within City of Lewisville Field: Newark, East [Barnett Shale] Total Depth: 8454'

Lease: Chen Unit "A" Operator: Williams Prod. Gulf Coast LP Location: 163.2104-acre unit, J. Watkins Survey, A1327; Within Lewisville Field: Newark, East [Barnett Shale] Total Depth: 8501'

Lease: Ace Unit "B" Operator: Williams Prod. Gulf Coast LP Location: 206.1271-acre unit, B. Hunter Survey, A-554; Within Lewisville Field: Newark, East [Barnett Shale] Total Depth: 8471'

Lease: Chen Unit "B" Operator: Williams Prod. Gulf Coast LP Location: 145.8137-acre unit, J. Watkins Survey, A1327; Within Lewisville Field: Newark, East [Barnett Shale] Total Depth: 8533'

Lease: Ace Unit "C" Operator: Williams Prod. Gulf Coast LP Location: 225.3377-acre unit, B. Hunter Survey, A-554; Within Lewisville Field: Newark, East [Barnett Shale] Total Depth: 8441'

Lease: Chen Unit "B" Operator: Williams Prod. Gulf Coast LP Location: 145.8137-acre unit, J. Watkins Survey, A1327; Within Lewisville Field: Newark, East [Barnett Shale] Total Depth: 8539'

Lease: Dr. Bob Smith "A" West Operator: Williams Prod. Gulf Coast LP Location: 88.419-acre unit, MEP&P RR Co. Survey, A935; 3.7 Miles W of Flower Mound Field: Newark, East [Barnett Shale] Total Depth: 8223'

Lease: Alliance Airport KS Unit Operator: Quicksilver Resources Inc. Location: 844.31-acre unit, T.S. Reyburn Survey, A1130; 3.3 Miles NE of Haslet Field: Newark, East [Barnett Shale] Total Depth: 7497'

Lease: Chen Unit "B" Operator: Williams Prod. Gulf Coast LP Location: 145.8137-acre unit, J. Watkins Survey, A1327; Within Lewisville Field: Newark, East [Barnett Shale] Total Depth: 8539'

Lease: Harris Ranch - Westgate [SA] Operator: Vantage Fort Worth Energy LLC Location: 198.8-acre lease, BBB&C RR Co., A-141; 3.8 Miles NW of Denton Field: Newark, East [Barnett Shale] Total Depth: 9000'

Lease: Alliance Graphics Unit Operator: Quicksilver Resources Inc. Location: 244.687-acre unit, T.S. Reyburn Survey, A1130; Within Fort Worth Field: East Newark [Barnett Shale] Total Depth: 7480'

Lease: Clara Lyles Dunn Operator: Devon Energy Production Co. LP Location: 908.66-acre unit, A.J. Hitchcock Survey, A610; 3.4 Miles NW of Ponder Field: East Newark [Barnett Shale] Total Depth: 8349'

Lease: Alliance Speedway Unit Operator: Quicksilver Resources Inc. Location: 816.85-acre unit, M. Polk Survey, A-993 1.8 Miles SW of Justin Field: East Newark [Barnett Shale] Total Depth: 7681'

Lease: Clara Lyles Dunn Operator: Devon Energy Production Co. LP Location: 908.656-acre unit, A.J. Hitchcock Survey, A610; 3.4 Miles NW of Ponder Field: Newark, East [Barnett Shale Total Depth: 8349'

Lease: Harris Ranch - Westview [SA] Operator: Vantage Fort Worth Energy LLC Location: 198.82-acre lease, R. Whitlock Survey, A1403; 3.8 Miles NW of Denton Field: East Newark [Barnett Shale] Total Depth: 9000'

Lease: Alliance Speedway Unit Operator: Quicksilver Resources Inc. Location: 816.85-acre unit, M. Polk Survey, A-993 1.8 Miles SW of Justin Field: Newark, East [Barnett Shale] Total Depth: 7681'

Lease: Clara Lyles Dunn Operator: Devon Energy Production Co. LP Location: 908.656-acre unit, A.J. Hitchcock Survey, A610; 3.3 Miles NW of Ponder Field: East Newark [Barnett Shale] Total Depth: 8319'

Lease: Higgs Unit Operator: Burlington Resources O & G Co. LP Location: 337.52-acre unit, BBB&C RR Co. Survey, A165; 1.9 Miles SE of Slidell Field: East Newark [Barnett Shale] Total Depth: 9000'

Lease: Atcheson-Hudson Unit Operator: Burlington Resources O & G Co. LP Location: 352-acre unit, BBB&C RR Co. Survey, A-109; 0.9 Miles SE of Slidell Field: East Newark [Barnett Shale] Total Depth: 9000'

Lease: Clara Lyles Dunn Operator: Devon Energy Production Co. LP Location: 908.656-acre unit, A.J. Hitchcock Survey, A610; 3.3 Miles NW of Ponder Field: Newark, East [Barnett Shale Total Depth: 8319'

Lease: Jean Young Operator: Burlington Resources O & G Co. LP Location: 540.95-acre unit, S. Winfrey Survey, A-1319; 3 Miles N of Ponder Field: East Newark [Barnett Shale] Total Depth: 9000'

Lease: Baker - Shoop "B" [SA] Operator: Devon Energy Production Co. LP Location: 1211.515-acre unit, T. H. W. Forsyth Survey, A-433; 3 Miles NW of Justin Field: Newark, East [Barnett Shale] Total Depth: 7936'

Lease: Cobb Unit Operator: Williams Prod. Gulf Coast LP Location: 263.7644-acre unit, B. Hunter Survey, A-554; Within Lewisville Field: Newark, East [Barnett Shale] Total Depth: 8524'

Lease: Lau [SA] Operator: Devon Energy Production Co. LP Location: 1911.55-acre unit, A. M. King, A-710; 5 Miles SW of Justin Field: East Newark [Barnett Shale] Total Depth: 9000'

Lease: Buckley "A" Unit Operator: Burlington Resources O & G Co. LP Location: 155.57-acre unit, R. Williams Survey, A-1335; 7.3 Miles NW of Krum Field: Newark, East [Barnett Shale] Total Depth: 6884'

Lease: Cole Trust Stony Operator: Encana Oil & Gas [USA] Inc. Location: 519.87-acre unit, A. Wetherly Survey, A-1363; 9 Miles WSW of Krum Field: East Newark [Barnett Shale] Total Depth: 8112'

Lease: Lau [SA] Operator: Devon Energy Production Co. LP Location: 1471.55-acre unit, C. Perry Survey, A-1031; 6 Miles SW of Justin Field: East Newark [Barnett Shale] Total Depth: 9000'

Lease: Chen Unit "A" Operator: Williams Prod. Gulf Coast LP Location: 163.2104-acre unit, J. Watkins, A-1327; Within City of Lewisville, Tx. Field: Newark, East [Barnett Shale] Total Depth: 8492'

Lease: Cole Trust Stony Operator: Encana Oil & Gas [USA] Inc. Location: 519.87-acre unit, A. Wetherly Survey, A-1363; 9 Miles WSW of Krum Field: Newark, East [Barnett Shale Total Depth: 8112'

Lease: Porter-Nicholson [SA] Operator: Devon Energy Production Co. LP Location: 1231.15-acre unit, Hrs C. Manchaca Survey, A-789; 1.7 Miles E of Ponder

Lease: Cummings "B" Operator: Williams Prod. Gulf Coast LP Location: 324.1678-acre unit, J. West, A-1414; 4.7 Miles NW of Flower Mound Field: Newark, East [Barnett Shale] Total Depth: 8343' Lease: Cummings "B" Operator: Williams Prod. Gulf Coast LP Location: 324.167-acre unit, J. Burke Survey, A-1414; 4.7 Miles NW of Flower Mound Field: Newark, East [Barnett Shale] Total Depth: 8346'

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Check out the Denton Business Chronicle online at dentonrc.com/businesschronicle

Dec. 12

Vital Statistics

Denton Business Chronicle

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Vital Statistics Victoria's Secret Stores LLC, Victoria's Secret Stores No. 352, 2201 S. I-35E, Denton

SALES TAX The following sales permits were issued by the State Comptroller’s Office for November. 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. Hans Peter Roehrig, Hans Handel, 1614 W. Hickory St., Denton Jennifer Fries, Steelvenus, 900 McCormick St., Apt. B, Denton Jeremy K. Speight, North Texas Vapor Shop, 347 E. Hickory St., Denton John H. Jezek, Denton Skin Care and Spa, 919 S. Carroll Blvd., Suite 101, Denton Laws Of Nature LLC, Laws of Nature LLC, 425 I.O.O.F. St., Apt. 1714. Denton Michelle Guynes and William Guynes, Denton Vape Shoppe, 706 S. Locust St., Denton Pie Five Restaurants Inc., Pie Five Pizza Co., 1120 W. Hickory St., Denton Ryan T. Crocker, Ryan T. Crocker, 728 N. Elm St., Suite 100, Denton Topper LLC, Serendipity On The Square, 108 W. Oak St., Suite 102, Denton Vitamin Cottage Natural Food Markets Inc., Natural Grocers By Vitamin Cottage, 110 W. University Drive, Denton

75065 Jana Lynn Lumley, The Everlasting Image, 222 Barkley Drive, Hickory Creek Lesa Ann Synoground, Phoenix Mechanical, 208 Hickory Lane, Hickory Creek Mardi Ahring, Mardi Darlin Originals, 4 Chasewood Circle, Hickory Creek Patti Lynn Stovall Home, 709 Payton St., Lake Dallas Rozanne P. Sleigh, Sleigh Belle Creations, 16 Robins Nest Drive, Hickory Creek 75068 BIR JV LLP, BIR JV LLP, 2700 E. Eldorado Parkway, Suite 409, Little Elm David M. Kuite, 469design, 1616 Island Bay Way, Little Elm Ginger K. McGovern, Studio G Designs, 14528 Richmond Circle, Little Elm Intergalactic Communication Inc., Boost Mobile, 407 W. Eldorado Parkway, Suite 15, Little Elm Jeff Falcon, Granite Galore and More, 2321 Magnolia Drive, Little Elm Luz Elinda Bonilla, Astro Auto Sales, 1013 Lakeview Court, Little Elm Melissa D. Devor, Melissa Devor, 2313 Dawn Mist Drive, Little Elm Robert Earl Adams, Top To Bottom Casuals, 2404 Greenbrook Drive, Little Elm Vladimir G. Carballo, Arthur's Salon, 800 W. Eldorado Parkway, Suite 114, Little Elm Xavier Alonzo Jr., Xavier Alonzo Training Center, 521 Witt Road, Little Elm

76205 Angel A. Briceno, AABV Comms, 905 Dudley St., Denton Aztec Equipment Sales & Rentals LLC, Aztec Equipment Sales & Rentals LLC, 2241 Hollyhill Lane, Denton Golden Triangle Fashion Inc., Golden Triangle Fashion Inc., 2201 S. I-35E, Suite M11, Denton Nancy Arenas Et Al, Times and Seasons Eco Ideas, 2100 Spencer Road, Apt. 3610, Denton Robert D. S. Davis, Nitepop Investments, 1776 Teasley Lane, Suite 111, Denton Ron T. Hammer, Koko's Hair, 2436 S. I-35E, Denton

76201

76207 AAA Denton Fire and Safety Inc., AAA Denton Fire and Safety Inc., 2273 N. Masch Branch Road, Suite 300, Denton Bernadine M. Barefoot, Grandma Bunnie's Quilts & More, 3404 Shadow Trail, Denton C2M2 Construction Inc., Cap Construction, 2281 N. Masch Branch Road, Suite 3, Denton Tristate ETX LLC, Tristate ETX LLC, 3311 N. I-35, Suite 120, Denton 76208 April Anderson, Picture Bungalow, 3923 Morse St., Suite 112, Denton Crystal Dewoody, Sugar Shake Cakes, 4008 Hickory Lane, Denton Debra Brumbelow, Western Decor and Crafts, 1416 La Mirada, Denton Kimberly M. Meier, Refined Design, 109 Cielo Lane, Shady Shores Leah A. Rhodes-Linville, Design Sew By Leah, 5301 E. McKinney St., Trailer 84, Denton Merideth Pruiett Laredo, Radiant Property Care, 4506 Springtree Road, Corinth Randy S. Hyman, Bugless Windows of Texas, 5001 Par Drive, Denton Tealstone Residential Concrete Inc., Tealstone Residential Concrete Inc., 2612 Sirius Road, Denton Wilke Stone Company LLC, Wilke Stone Company LLC, 7812 Hinkley Oak Drive, Denton 76209 Flowers Baking Co. of Denton LLC, Flowers Baking Company Thrift Store, 400 N. Loop 288, Denton M.J. Gerson & Co. Inc., M.J. Gerson & Co. Inc., 2825

| CONTINUED ON PAGE 21

Denton Business Chronicle

OIL AND GAS LISTINGS Field: Newark, East [Barnett Shale] Total Depth: 8227'

| CONTINUED FROM PAGE 18 Field: Newark, East [Barnett Shale] Total Depth: 8450' Lease: Rayzor West Gas Unit No. 5H Operator: Eagleridge Operating LLC Location: 395.3-acre lease, J. Perry Survey, A-1040; Within Denton Field: East Newark [Barnett Shale] Total Depth: 8600' Lease: Rayzor West Gas Unit No. 5H Operator: Eagleridge Operating LLC Location: 395.3-acre lease, J. Perry Survey, A-1040; Within Denton Field: East Newark [Barnett Shale] Total Depth: 8600' Lease: Riley-Little Brook [SA] Operator: Vantage Fort Worth Energy LLC Location: 412.16-acre lease, S. Huzar, A-514; 0 Within Denton Field: Newark, East [Barnett Shale] Total Depth: 9000' Lease: Robson Ranch Operator: Encana Oil & Gas [USA] Inc. Location: 2073.8-acre unit, M. Scurlock Survey, A-1141; Within Denton Field: East Newark [Barnett Shale] Total Depth: 8227' Lease: Robson Ranch Operator: Encana Oil & Gas [USA] Inc. Location: 2073.8-acre unit, M. Scurlock Survey, A-1141; Within Denton

Lease: Smith-Yorlum Unit Operator: Eagleridge Operating LLC Location: 329.7-acre unit, W. Bryan, A-148; 0 Within Denton, Tx Field: East Newark [Barnett Shale] Total Depth: 8800' Lease: Smith-Yorlum Unit Operator: Eagleridge Operating LLC Location: 329.7-acre unit, W. Bryan, A-148; 0 Within Denton, Tx Field: East Newark [Barnett Shale] Total Depth: 8800' Lease: Smith-Yorlum Unit Operator: Eagleridge Operating LLC Location: 329.7-acre unit, W. Bryan, A-148; 0 Miles of Denton, Tx Field: Newark, East [Barnett Shale] Total Depth: 8800' Lease: W/J Lakes North Unit Operator: Hillwood Energy Texas LP Location: 594.4846-acre unit, BBB&C RR Co. Survey, A158 1.5 Miles NW of Argyle, Tx Field: Newark, East [Barnett Shale] Total Depth: 8562' Lease: W/J Lakes North Unit Operator: Hillwood Energy Texas LP Location: 594.4846-acre unit, BBB&C RR Co. Survey, A158; 1.5 Miles NW of Argyle, Tx Field: East Newark [Barnett Shale] Total Depth: 686187

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20 Denton Business Chronicle

Dec. 12

Vital Statistics ASSUMED NAMES The following names (followed by DBA and address) were posted in November in the Denton County Clerkâ&#x20AC;&#x2122;s Office. NAME â&#x20AC;&#x201D; DBA/ADDRESS

NAME â&#x20AC;&#x201D; DBA/ADDRESS

Aaron C. Bitter, Ace Legal Services DFW, 109 S. Woodrow, Suite 400, Denton Adolfo Perez, Castaneda Stairs and Trim, 3939 Teasley Lane, No. 123, Denton Aerron Dowdy, Represent 100 Entertainment, 417 Kingfisher Lane, Denton Aerron Dowdy, Urban Legend, 417 Kingfisher Lane, Denton Aerron Dowdy, Xquisite Xotic Collection, 417 Kingfisher Lane, Denton Alyssa Vieira, A Plus Administrative Services, 6701 Wellston Lane, Denton Arcadio Pizarro Jr., SEOPOP, 1501 S. Loop 288, No. 104, Denton Armando R. Galvan, Dinamita Concrete Construction, 1713 White Oak Court, Denton Bolivar Diaz, Delicious, 1201 E. University Drive, Denton Dane Crew, S.O.S. Pest Control, 5304 Kay Anne, Denton Daniel R. Cagle, Buzzard Billy's Bail Bonds, 1504 E. McKinney St., No. 300, Denton Darren Hill, 44 Flagstone and Landscaping, 2403 Wellington Drive, Denton Dawn of Hope International, Mafra Ministry, 2206 Picadilly, Denton Dawson Cook, Lee Malone's Sliders and Fries, 2111 Emerson Lane, Denton Dell and Melissa Upshaw, The Therapy Spot, 116 E. Prairie St., Denton Dennis J. O'Donnell, Queen of all Hearts Catholic Books and Gifts, 8005 Mirror Rock Lane, Denton Florencio Luengas, Luengas Company, 1113 Savage Drive, Denton Frank W. James, Double Eagle Hatchery, 175 Cunningham Road, Denton Frank W. James, Panhandle Windmills, 175 Cunningham Road, Denton Frank W. James, S&F Performance, 175 Cunningham Road, Denton Hector Alonso Morales, Alonso Contractors, 2816 Hillcroft, Denton Hyunkook Lee, 7 Recycling Inc., 1200 Fort Worth Drive, Denton James I. McBride, McBride Repair and Remodel, 8009 Settlement Drive, Denton Jasmin James, Woodwork Artistry, 715 Acme St., Denton Jennifer M. Tyler, Tyler Delivery and Freight, 6417 Saddleback Drive, Denton Jeremy Speight, North Texas Vapor Shop, 347 E. Hickory St., Denton John Burgess, Bilingual Bail Bonds, 1504 E. McKinney St., Suite 600, Denton Jon Hoggatt, Industrial Systems and Components, 6808 Purbeck Trail, Denton Jonathan Covey, Green Stripe Landscaping, 3309 Hornbeam St., Denton Jordan Grimes, Art by Jordan, 309 Garza Road, Denton Joseph E. Stockard, JES Properties LTD, P.O. Box 744, Denton Joseph E. Stockard, The Gaslight Apartments LTD, P.O. Box 744, Denton Joseph E. Stockard, The Marlisa Apartments, P.O. Box 744, Denton Josue A. De La Cerda, DLC Brothers Auto Sales, 2401 Worthington Drive, Denton

Julio and Rene Gonzalez, Student Tax Center, 326 E. McKinney St., Suite 103, Denton Karek Crawford, Lewisville Overhead Door, 1107 Norman St., Denton Katrina L. Jackson, Kae Lashae Boutique, 2560 Tower Ridge Drive, No. 421, Denton Keith Walters, Wildwood Inn, 2602 Lillian Miller Parkway, Denton Lee Oberbacher, Valet Waste Services, 1900 Westminster, Apt. 109, Denton Lindsay Richardson and Kathryn Young, And Now It's A Party, 1117 Wintercreek Drive, Denton Louie Sims, Sims Enterprises, 9400 Perimeter St., Denton Marco T. Baquedano and Roberto Perez, Marco Diesel Mobile Repair, 5301 E. McKinney St. No. 249, Denton Maria Burchard and Yolanda Calderon, Sidewalk CafĂŠ Denton, 2900 Wind River Lane, No. 130, Denton Mendor Muhametaj, Big Joe's Pizza and Pasta, 2900 Windriver Lane, Denton Michael Lindley, Hair Studio, 919 S. Carroll Blvd., Suite 100, Denton Michael Lindley, Michael Lindley Hair Studio, 919 S. Carroll Blvd., Suite 100, Denton Michael Lindley, Michael Lindley Hair, 919 S. Carroll Blvd., Suite 100, Denton Mostafa M. and Mahnoush Padastpour, In and Out Texaco, 1516 E. McKinney St., Denton Nathan and Mariane Reed, WR Properties, 1309 Angelina Bend Drive, Denton Nathan Reed, RW Holdings, 1309 Angelina Bend, Denton Nikki Crouse and Natasha Brito, Austere Magazine, 1201 Cleveland St., Denton Okaye Milledge, Yay's Restaurant, 1800 Jason Drive, No. 125, Denton Pamela Robinson, GYE, 7901 Mirror Rock Lane, Denton Paul M. Smith, Inform Investigations, 603 Eagle Drive, No. 61, Denton Robert and Scott Davis, Nite Pop Investments, 1601 Anna St., Denton Robyn Johnson, Goodie Shack, 7705 Hidden Path Lane, Denton Ron Hammer, KoKo's Hair, 2436 I-35 Frontage Road, Denton Salvador Rios Jr., Red Cape Designs, 2401 E. McKinney St., Denton Siddharatha Goel, Express Lane Exxon, 3628 S. I-35E, Denton Silva Veronica Berumen, Veronica's Salon de Belleza, 1013 E. McKinney St., Denton Tammy Gonzalez, Pawitively Picturesque Pet Photography, 3917 Maggies Meadow, Denton Tammy Gonzalez, Tammy Gonzalez Photography, 3917 Maggies Meadow, Denton Tammy L. Morris, Roofing Resources, 3112 Widgeon Lane, Denton Taylor Mitchell, Pink Lush and Company, 2060 Stockridge Road, No. 8307, Denton Teri Gill, Starwood Pools, 3200 Ocean Drive, Denton Terronie Anderson, House of Flava, 1811 Shady Oaks, Denton Whisper Williamson, Whisper's Canine Obedience Training, 2524 W. Oak St., No. 151, Denton-

! "

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$ )

% & ' (

* +,, # -.

BUILDING PERMITS The following building permits were issued by the Denton Planning and Development department in November. 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 100 W. Oak St., No. 300, Magiclamp Network 100 W. Oak St., No. 301, Magnus Pacific Corp. 100 W. Oak St., No. 302, Jackson and Hagen Law 100 W. Oak St., G-100, Bookkeeper Girl Inc. 100 W. Oak St., G-101, Pierce and Associates 100 W. Oak St., G-103, Farmers Insurance 100 W. Oak St., G-109, Gwynn Logistics LLC 100 W. Oak St., G-111, Bookkeeper Girl 1000 Johnson St., Pacific Labs LLC 1417 E. McKinney St., 220 and 230, Roger Yale Law Offices Commercial Alteration Allstate Insurance, 214 S. Bell Ave., No. 1104

American Eagle, 1113 Dallas Drive Bates Martin Srchitects, 521 S. Loop 288, No. 105 City Of Denton, 601 E. Hickory St. Creekwood Contracting, 1451 Centre Place Drive Crickeeâ&#x20AC;&#x2122;s and Co., 2430 S. I-35E, No. 136 DI 2 â&#x20AC;&#x201C; Denton 1 LLC, 113 W. Hickory St. EV Lutheran Good Samaritan, 3901 Monetcito Drive, No. 917-920 EV Lutheran Good Samaritan, 3901 Monetcito Drive, No. 917-920 EV Lutheran Good Samaritan, 3901 Monetcito Drive, No. 924-926 EV Lutheran Good Samaritan, 3901 Monetcito Drive,

| CONTINUED ON PAGE 23

& # $

$ $ % & ' ( # ( $ ' % ) * + * #

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BILL UTTER FORD 21

Vital Statistics

The Freshest Line-Up in America!

SALES TAX

| CONTINUED FROM PAGE 19 Foxcroft Circle, Denton TCC Technologies Inc., TCC Technologies Inc., 2825 Foxcroft Circle, Denton 76210 Bill Fred James, Bill's Mobile Wash, 1717 Oak Hill Drive, Corinth Catherine Ruth Cox, Catherine Ruth Cox, 1802 Copper Leaf Drive, Corinth Gloria A. Martinez, Gloria's Etc., 2600 Valley View Drive, Corinth Goretti Munirat Ebosele, Adonai Enterprises, 908 Kilkenny Court, Denton James A. Tredway, Tredways Bar B Que, 3210 FM2181, Corinth Jay D. Rogers, Kratos Clinic, 1815 Sunflower Drive, Corinth Jeff Oberkrom, Krom Apparel, 33 Wellington Oaks Circle, Denton Mendor Muhametaj, Big Joe's Pizza & Pasta, 2900 Wind River Lane, Suite 142, Denton Nirma Bonilla Hart, Paint With Flair LLC, 3961 FM2181, Suite C, Corinth Philip H. Davis, Philip H. Davis, 3021 Hidden Springs Drive, Corinth Richard Alexander Reid, Reid Your Bottom Line, 1707 Morning Glory Drive, Corinth

76226 Indepth Environmental Associates Inc., Suma Creek Cavaliers, 1585 Land Fall Circle, Bartonville Julie A. Horner, Ambiance Décor, 190 Fawn Hollow Drive, Argyle Stefan & Kim Johansson, Johansson Feed -N- Seed, 614 Stonecrest Road, Argyle

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76227 Jeffery J. Holt, Jeff's Pretty Good Knick Knacks & S***, 6430 McNatt Road, Aubrey Larry Neal, Larry Neal, 4339 New Hope Road, Aubrey Next Level/C Perry Builders JV LLC, Next Level/C Perry Builders JV LLC, 6315 Lone Star Lane, Aubrey

76234 Amy Yeatts Warren, Amy Yeatts Warren, 122 Private Road 3005, Decatur Forum U.S. Inc., SVP Products Inc., 2510 N. Highway 287, Decatur H-RT Enterprises Inc., RT Arms, 1727 County Road 2937, Decatur Lonestar Surgical Specialist P.A., Aesthetic Concepts Cosmetic Surgery Laser & Vein C., 2250 S. FM51, Suite 900, Decatur Nabors Completion & Production Services Co., Nabors Completion & Production Services Co., 2273 N. Highway 287, Decatur Pamela Ann Hawkins, Sarah Jane's Flower & Gift Shop, 401 E. Walnut St., Decatur

76249 Suzana K. Perrolli, Arturo's Italian Kitchen, 208 W. McCart St., Krum

76258 Lilia Rodriguez, Rodriguez Taquear¥A Y Restaurant, 108 N. Highway 377, Pilot Point Nerim Vraniqi, Aviano Italian Restaurant, 1340 N. Highway 377, Suite 120, Pilot Point Pilot Point Motel, Restaurant & Bar LLC, Kathy-NBebo's, 1313 N. Highway 377, Pilot Point

76259 Bruce J. Dotterer, BD Antler Designs, 405 Lonestar Park Lane, Ponder Ponder Athletic Booster Club, Ponder Athletic Booster Club, 400 W. Bailey St., Ponder

76266 Aaron Martin, Clear Creek Forge, 6970 FM455W, Sanger Premier Construction Services Inc., Premier Construction Services Inc., 343 Bob White Way, Sanger

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4901 S. I-35E Denton, TX 76210 940.321.7400 800.611.3538 www.utterford.com

Denton Business Chronicle

Dec. 12

22 Denton Business Chronicle

Dec. 12

Vital Statistics MIXED BEVERAGE TAX The following mixed beverage tax information was issued by the State Comptroller’s office for November. The list includes the name of the business, address, and reported tax. 119 Loophole Private Club, 119 W. Hickory St., Denton, $6,598.34 1512 Club, 1512 W. Hickory St., Denton $0 1512 Club, 1512 W. Hickory St., Denton $0 American Legion Post No. 550, 905 N. Foundation, Pilot Point, $2,810.92 Andy's Private Club, 122 N. Locust St., Suite B, Denton, $8,993.88 Angelina's Mexican Restaurant, 1400 N. Corinth St., Suite 111, Corinth, $1,684.06 Angelina's Mexican Restaurant, 1400 N. Corinth St., Ste 111, Corinth, $1,917.16 Applebee's Neighborhood Grill, 707 S. I-35E, Denton, $9,716.84 Applebee's Neighborhood Grill, 2672 FM423, Little Elm, $5,395.46 Aramark Educational Services, 303 Administration St., Hubbard, Denton, $470.54 Ashton Gardens, 2001 Ashton Gardens Lane, Corinth, $7,312.48 B.P.O.E. Denton No.2446, 228 E. Oak St., Denton, $1,165.22 Best Western Area Crown Chase, 2450 Brinker Road, Denton, $353.22 Black-Eyed Pea, 2420 S. I-35E, Denton, $245.28 Bono's Chop House & Saloon, 2025 N. Highway 287, Decatur, $5,025.02 Boomerjack Wings No.8, 407 W. University Drive, Denton, $1,213.38 Brunswick Zone Denton, 2200 San Jacinto Blvd., Denton, $2,639.84 Buffalo Wild Wings Grill & Bar, 1400 S. Loop 288, Suite 110, Denton, $7,323.54 Cabana Beverages, 1300 N. I-35E, Denton, $341.88 Cabana Beverages, 1300 N. I-35E, Denton, $439.18 Casa Torres Mexican Restaurant, 2708 FM51, Decatur, $2,571.52

Chili's Grill & Bar, 600 S. Highway 287, Decatur, $7,250.04 Chili's Grill & Bar, 8394 S. Stemmons Freeway, Hickory Creek, $4,691.96 Chili's Grill& Bar, 2406 N. I-35S, Denton, $4,697.14 Chilitos Private Club Inc., 619-623 S. Denton Drive, Lake Dallas, $154.56 Chipotle Mexican Grill, 1224 W. Hickory St., Denton, $126.28 Chuy's, 3300 Wind River Lane, Denton, $9,604.42 Cool Beans, 1210 W. Hickory St., Denton, $9,471.70 Courtyard By Marriott, 2800 Colorado Blvd., Denton, $705.32 Cow Camp Steakhouse, 3142 N. Highway 287, Decatur, $97.44 Cow Camp Steakhouse, 3142 N. Highway 287, Decatur, $88.20 Crazy Horse Saloon and Dance Hall, 1982 E. Highway 380, Decatur, $0 Crazy Horse Saloon and Dance Hall, 1982 E. Highway 380, Decatur, $0 Crazy Horse Saloon and Dance Hall, 508 S. Elm St., Suite A, Denton $0 Crossroads Bar, 1803 N. Elm St., Denton, $2,312.52 Dan's Silverleaf, 103 Industrial St., Denton, $5,031.18 Denton Country Club, 1213 Country Club Road, Argyle, $3,775.38 Denton Side Bar, 109 Ave. A, Denton, $3,987.48 Denton Side Bar, 109 Ave. A, Denton, $4,203.78 Don Jose Mexican Food & Cantina, 301 N. Highway 287, Decatur, $546.70 El Chico No. 106, 2201 S. I-35E, Denton, $252.42 El Fenix Denton, 2229 S I-35E, Denton, $1,667.54 El Guapo's, 419 S. Elm St., Denton, $2,116.52 Ernesto's Mexican Restaurant, 10279 FM455E, Suite 1, Pilot Point, $3,018.26 Frilly's, 1803 S. Highway 287, Decatur, $3,943.80

Fry Street Public House, 125 Ave. A, Denton, $12,673.92 Fry Street Public House, 125 Ave. A, Denton, $12,271 Fry Street Tavern Club, 121 Ave. A, Denton, $11,747.26 Fuzzy's Taco Shop, 109 N. State St., Decatur, $2,322.18 Fuzzy's Taco Shop, 1044 Maple St., Suite 101, Sanger, $512.68 Genghis Grill The Mongolian, 2416 Lillian Miller Parkway, Denton, $521.22 Good Eats No.729, 5812 N. I-35, Denton, $0 Hailey's, 122 W. Mulberry St., Denton, $2,321.90 Hannahs, 111 W. Mulberry St., Denton, $10,761.10 Hickory Street Lounge, 212 E. Hickory St., Denton, $4,457.60 Hilton Garden Inn Denton, 3110 Colorado Blvd., Denton, $927.64 Holiday Inn Denton, 1434 Centre Place Drive, Denton, $1,058.82 Hooligans Private Club, 104 N. Locust St., Denton, $10,327.8 Hooters of Denton, 985 S. I-35E, Denton, $7,191.38 Hooters of Denton, 985 S. I-35E, Denton, $7,327.74 II Charlies Private Club, 809 Sunset St., Denton, $10,463.60 J. R. Pockets Club, 1127 Fort Worth Drive, Denton, $5,730.90 J. R. Pockets Club, 1127 Fort Worth Drive, Denton, $5,158.02 Jackie's, 201 Main St., Lake Dallas, $4,350.36 Jackie's, 201 Main St., Lake Dallas, $4,077.50 Jag Private Club Inc., 119 S. Elm St., Denton, $4,647.30 Jag Private Club Inc., 119 S. Elm St., Denton, $4,626.44 Joey's Ristorante Italiano, 26735 U.S. Highway 380 E., Little Elm, $1,216.88 Johnny Carino's Italian, 1516 Centre Place Drive, Denton, $1,911.42 Keiichi, 500 N. Elm St., Denton, $779.38 Kobe Sushi & Steak LLC, 2832 Eldorado Parkway, Suite 208, Little Elm, $342.58 La Milpa Mexican Restaurant, 820 S. I-35E, Unit 1, Denton, $1,487.78 La Milpa Mexican Restaurant, 820 S. I-35E, Unit 1, Denton, $1,639.68 Lake Cities Post No 88 America, 105 Gotcher Ave., Lake

Dallas, $2,594.06 Lake Dallas Point Restaurant, 303 Swisher Road, No. 100, Lake Dallas, $3,789.94 Lake Ray Roberts Area Elks Lodge, 1601 Marina Circle, Sanger, $890.96 Lantana Golf Club, 800 Golf Club Drive, Argyle, $3,405.08 Los Charros, 2763 E. Eldorado Parkway, Suite 105, Little Elm, $812.98 Los Jalapenos Restaurant, 420 W. Eldorado Parkway, Little Elm, $163.38 Los Jalapenos Restaurant, 420 W. Eldorado Parkway, Little Elm, $181.02 Los Toreros Restaurant, 2900 Wind River Lane, Suite 134, Denton, $2,110.22 Love Shack, 113 E. Hickory St., Denton, $1,793.40 Lowbrows Beer and Wine Garden, 200 W. Washington St., Pilot Point, $529.20 Mable Peabody's Beauty Parlor, 1125 E. University Drive, Suite 107, Denton, $3,023.72 Mellow Mushroom, 217 E. Hickory St., Denton, $4,424.70 Meritt Ranch Beverages Limited, 2946 Ganzar Road W., Denton, $1,310.40 Metzlers Food and Beverage Inc., 1251 S. Bonnie Brae St., Denton, $989.80 Mexi-Go Restaurant, 2831 Eldorado Parkway, Suite 112, Little Elm, $999.32 Mexi-Go Restaurant, 2831 Eldorado Parkway, Suite 112, Little Elm, $805.84 Mi Sueno Club, 2648 FM407E, Suite 150, Bartonville, $2,827.58 Mi Sueno Club, 2648 FM407E, Suite 150, Bartonville, $3,074.82 Mi Taza Latin Tex-Mex Café, 5017 Teasley Lane, Suite 101, Denton, $669.76 Miguelito's, 1521 E. McCart St., Krum, $1,048.88 Miguelito’s, 1412 N. Stemmons St., No. 178, Sanger, $1,931.86 Norman Heitz Memorial Post 104, 501 Thompson, Lake Dallas, $1,980.02 Oak Street Drafthouse Club, 308 E. Oak St., Denton, $15,611.68 Oakmont Country Club, 1200 Clubhouse Drive, Corinth,

$3,428.60 Ollimac Company, 1400 Corinth Bend, Suite 103, Corinth, $871.08 Ollimac Company, 1400 Corinth Bend, Suite 103, Corinth, $983.36 On The Border, 2829 S. I-35E, Denton, $5,405.96 Outback Steakhouse, 300 S. I-35E, Denton, $4,281.06 Pei Wei Asian Diner, 1931 S. Loop 288, Suite 130, Denton, $198.24 Phil Miller Post No.2205 VFW, 909 Sunset St., Denton, $2,202.34 Phil Miller Post No.2205 VFW, 909 Sunset St., Denton, $2,094.82 Pilot Point Columbus Club, 221 N. Prairie St., Pilot Point, $11.76 Pilot Point Columbus Club, 221 N. Prairie St., Pilot Point, $17.36 Pourhouse Sports Grill, 3350 Unicorn Lake Blvd., Denton, $5,480.58 Pourhouse Sports Grill, 3350 Unicorn Lake Blvd., Denton, $5,137.72 Prairie House Restaurant, 10001 Highway 380, Cross Roads, $1,825.04 Red Lobster No. 6349, 2801 S. I-35E, Denton, $2,329.60 Reunion On The Square, 106 N. Trinity St., Decatur, $528.22 Ringers, 807 Eagle Drive, Denton, $1,811.04 Ringers, 807 Eagle Drive, Denton, $1,551.48 Riprock's, 1211 W. Hickory St., Denton, $13,629.14 Rockin' Rodeo, 1009 Ave., C, Denton, $11,298.70 Rocky's Sports Bar, 2000 W. University Drive, Denton, $4,797.10 Rooster's Roadhouse, 113 Industrial St., Denton, $4,824.96 Rosa's Cafe & Tortilla Factory, 1275 S. Loop 288, Denton, $290.50 RT's Social Club Inc., 1100 Dallas Drive, Suite 124, Denton, $13,703.76 Rubber Gloves, 409 E. Sycamore St., Denton, $2,150.54 Ruby-Jeans Social Club Inc., 309 N. FM156, Ponder, $1,143.66 Schmitty's, 407 W. Eldorado Parkway, Suite 1, Little Elm, $362.04

| CONTINUED ON PAGE 23

Vital Statistics LIENS

MIXED BEVERAGE TAX

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

| CONTINUED FROM PAGE 22

STATE TAX LIENS NAME/ADDRESS Crazy Horse Saloon and Dance Hall, 1302 E. Windsor Drive, Denton James J. Lumby II, 3884 Lois Road, Sanger

TYPE

AMOUNT

REC. DATE

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

$1,406.83 $1,255.92

11/09/2012 11/08/2012

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

AMOUNT $3,040.81 $1,414.17

REC. DATE 11/09/2012 11/05/2012

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

AMOUNT $52,637.72 $43,188.11 $24,153.43 $82,443.20 $26,249.93 $61,682.16 $21,999.21 $63,835.72 $5,387.57 $29,863.29 $9,983.03 $233,838.42 $7,887.81 $8,332.38 $925,631.28

REC. DATE 11/06/2012 12/03/2012 11/06/2012 11/06/2012 11/06/2012 12/03/2012 11/06/2012 11/06/2012 12/03/2012 11/14/2012 11/14/2012 12/03/2012 12/03/2012 12/03/2012 12/03/2012

TYPE 941 1040 943 1040 943 1040 CIVP 1040 1040 1040 1040 1040 943 943

AMOUNT $4,044.07 $40,937.90 $27,328.02 $18,272.70 $27,328.02 $38,408.72 $15,498.87 $241,071.91 $105.00 $27,743.48 $42,014.14 $559,371.30 $27,328.02 $27,469.56

REC. DATE 11/19/2012 11/06/2012 12/03/2012 11/27/2012 12/03/2012 11/19/2012 11/14/2012 12/03/2012 12/03/2012 11/14/2012 11/06/2012 11/19/2012 12/03/2012 12/03/2012

CONTRACTOR Kingdom Construction JBN Group Cashion Custom Homes LP Cashion Custom Homes LP Javier Vega Steve Watson Custom Homes Inc. 1st Choice Homes Center Snyder Construction Inc. Dugger-Anthony Custom Homes KMB Elec. Inc.

AMOUNT $115,000.00 $24,267.00 $232,822.00 $225,000.00 $85,000.00 $428,583.00 $66,535.28 $456,787.91 $277,678.00 $15,000.00

REC. DATE 11/13/2012 11/05/2012 11/02/2012 11/08/2012 11/05/2012 11/19/2012 11/19/2012 11/07/2012 11/06/2012 11/28/2012

RELEASE OF STATE TAX LIENS NAME/ADDRESS Denton Lone Oak Holdings LP, 1434 Centre Place Drive, Denton Donald J. Lovett, 2117 Mayfield Circle, Corinth

FEDERAL TAX LIENS

NAME/ADDRESS Barry R. and Linda L. Jacobs, 2520 Natchez Trace, Denton Bradley S. and Sheryl D. Nalley, 2110 Northlake Trail, Denton Charles E. and Dwindalyn S. Harris, 4121 Colina Ave., Denton David Abbruzzese, 2520 Chebi Lane, Denton David W. and Bobbie L. Smith, 6024 Moor Hen Drive, Denton Donald E. Beebe, 612 Westway St., Denton Etep Free Inc., 1209 W. Hickory St., Denton George W. and Penny J. Stanley, 1901 Fordham Lane, Denton Jerry Cobb Attorney At Law, P.O. Box 1399, Denton Kenny Yu Chen Lin, 425 Bernard St., Apt. 121, Denton Lee and S. Company, 3606 S. I-35E, No. 100, Denton Nightclub Operators Corporation, 125 Avenue A, Denton Rick and Teresa D. Hunt, 526 Bradley St., Denton William D. and Larayne L. Haley, 822 Denton St., Denton William Haley, 822 Denton St., Denton

Denton Business Chronicle

Scooters Tavern, 6481 FM455W, Sanger, $2,182.88 Sushi Café, 1401 W. Oak St., Denton, $86.24 Sushi Café, 1401 W. Oak St., Denton, $93.24 Sweetie Pie's Ribeyes, 201 W. Main St., Decatur, $709.66 Sweetwater Grill & Tavern, 115 S. Elm St., Denton, $7,001.26 Swishers, 501 E. Swisher Road, Lake Dallas, $0 Texas Land & Cattle Steak House, 8398 S. Stemmons Freeway, Hickory Creek, $2,503.90 Texas Roadhouse, 2817 S. I-35E, Denton, $5,755.96 The Abbey Inn Restaurant & Pub, 101 W. Hickory St., Denton, $7,181.58 The Abbey Inn Restaurant & Pub, 101 W. Hickory St., Denton, $7,315.56 The Aztec Club, 720 W. University Drive, Denton, $2,343.88 The Bears Den, 11670 Massey Road, Pilot Point, $0 The Garage, 113 Ave. A, Denton, $6,104.98

The Green House, 600 N. Locust St., Denton, $4,041.24 The Labb Club, 218 W. Oak St., Denton, $6,338.78 The Lion's Den, 2700 E. Eldorado Parkway, Suite 250, Little Elm, $1,064.70 The Olive Garden Italian, 2809 S. I-35E, Denton, $3,024.84 Three Fins Seafood Grill, 2303 S. I-35E, Denton, $1,174.18 University Lanes, 1212 E. University Drive, Denton, $1,841.70 Verona Pizza Italian Restaurant, 201 Loop 81/287N, Decatur, $165.20 Villa Grande Mexican Restaurant, 12000 U.S. Highway 380, Suite 100, Cross Roads, $2,291.94 Villa Grande Mexican Restaurant, 2530 W. University Drive, Suite 114, Denton, $1,604.54 Vitty's Club Inc., 1776 Teasley Lane, Suite 102, Denton, $4,016.60 Wild Horse Grill, 9400 Ed Robson Circle, Denton, $3,129.00 Wing Town, 4271 FM2181, No. C316, Corinth, $0

RELEASE OF FEDERAL TAX LIENS

NAME/ADDRESS ALM Insurance Agency, 103 S. Woodrow Lane, Suite 3, Denton Charles D. and Kimberly A. Phillips, 305 N. Trinity Road, Denton Jerry D. Schertz, 603 Plum Drive, Sanger Kathy Smallwood, 10055 Saint John Road, Pilot Point Kerry L. Schertz, 610 N. Second St., Sanger Lonn J. Small Wood, 10055 St. Johns Road, Pilot Point Mark E. Schneider, 9950 Jackson Road, Krum Norma J. Martinek, 3401 Serendipity Hills Trail, Corinth Norma J. Martinek, 3401 Serendipity Hills Trail, Corinth Patrick A. Thornton, 2300 Creekedge Court, Corinth Robert L. Lynda K. Nieman, 3208 Blue Jay Drive, Corinth Rodney W. Haire, 117 Visalia, Denton Schertz Farms, 610 Chapman Drive, Sanger Schertz Farms, 610 N. Second St., Sanger

MECHANICS LIENS NAME/ADDRESS Allen N. and Janan M. Chandler, 1544 Karen Drive, Argle Charles M. and Sherry L. Lakey, 4251 FM2181, Suite 230-412, Corinth Cori and Colly Warren, 1624 Angel Lane, Aubrey Craig A. and Amy N. Cooper, 2032 Twin Creeks Circle, Pilot Point Frank G. Rumore Jr. and Lee A. Clark, 632 E. Main St., Pilot Point Gary Bednarcik and Carolyn Golver-Bednarcik, 3221 Stonecrop Trail, Argyle Gloria Salazar, 9323 Breezy Road, Krum Jay S. Martin and Rita N. Martin, 7430 Dawn, Pilot Point Paul F. Porter and Katherine S. Porter, TBD FM1173, Krum Trey and Judith Thurston, 402 Old Justin Road, Argyle

BUILDING PERMITS | CONTINUED FROM PAGE 20

No. 926-931 Grip Mediterranian, 1200 W. Hickory St. Links Construction, 521 S. Loop 288, No. 125 Mark Martin, 2830 Geesling Road, No. 100 Marrs Inc., 709 S. Elm St. MT Zion Prairie Church, 204 E. Prairie St. Nelson, Orr and Bly Partners, 1028 Shady Oaks Olympus Inc., 2215 S. Loop 288, No. 418 Overlook Holdings, 2522 Louise St. Quarter Apartments 1003 Eagle Drive, No. 1 1003 Eagle Drive, No. 2 1003 Eagle Drive, No. 3 1003 Eagle Drive, No. 4 1003 Eagle Drive, No. 5 1003 Eagle Drive, No. 6 1003 Eagle Drive, No. 7 Sam’s Wash and Dry, 3001 N. Elm St., No. 111 Scott Talbot MD, 2665 Scripture St.

St. Charles Trading, 600 Smith St., No. 1 Wells Fargo, 5009 Teasley Lane Commercial Aldi Food Store, No. 37, 1105 S. Loop 288 Denton Church of Christ, 1510 Audra Lane Residential DR Horton Texas LTD. 1201 Central Village Drive 1209 Central Village Drive 3021 Buckthorn Lane 3025 Buckthorn Lane 3140 Buckthorn Lane 3104 Stonecrop Trail

Gurkin, Charles and Katan 3501 Falcon Court Horizon Plumbing LTD 8921 Gardenia Drive JB Sandlin 5720 Granbury Drive Robson Ranch Development LP 11628 Southerland Drive 8921 Perimeter St. 9109 Bradford St. Robson Ranch GC 12013 Lockhart Court Tuscan Ventures LTD 3009 Montebello Drive

First Texas Homes 4130 Boxwood Drive Forestar Real Estate Group 8101 Bishop Pine Road

Dec. 12

Denton Business Chronicle

Dec. 12

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