2 Denton Business Chronicle
Oct. 11
Monthly News Roundup women’s services and orthopedic surgery.
9-2
Commercial postings take 18 percent dive Denton County experienced an 18 percent decline in commercial foreclosure postings so far this year, according to data released Wednesday by Foreclosure Listing Service Inc. There were 52 fewer commercial foreclosure postings in Denton County from January through September compared with this time last year, according to the report. Denton County saw the largest decrease of the three other counties in the Dallas-Fort Worth area, which as a whole experienced a 2 percent decrease year-to-date from last year, with 2,494 postings, the report stated. Chris Rosprim, commercial broker with Keller Williams Realty in Denton, attributed the drop in commercial foreclosures to banks and lending institutions not wanting to fix up or maintain foreclosed properties. Denton County apartment and industrial buildings are continuing to see a rise in foreclosure postings, while retail centers, stand-alone businesses such as restaurants and convenience stores, and land are seeing a drop. 9-4
Summer energy costs hitting consumers hard
Home sales tick up; average price on decline
Photo by Lara Solt/The Dallas Morning News
A manager of Oncor's Transmission Grid Management points out how things work in the command center within Oncor's service area on Aug. 6. Not only has Texas had record-breaking temperatures, the state also had record-breaking energy consumption, leading to expensive energy bills. Energy costs for Denton Municipal Electric customers, both residential and commercial, are “10 [percent] to 12 percent higher than they were last July,” said Ethan Cox, customer service manager for Denton Municipal Electric. And the electric company is anticipating August will be similar. Dan Smith, spokesman for TXU Energy, said it’s not so
much the daily high temperature that affects energy bills; it’s that the low temperatures have been higher, causing air conditioners to work overtime. He said more than 50 percent of an electricity bill is because of the air conditioner.
Denton Regional Medical Center announced Aug. 29 that it introduced the robotic system known as da Vinci Surgical System Si to its operating room. Denton Regional is the first
hospital in Denton County to use the new da Vinci Si model. The da Vinci Si is unique in that limits the number of days a patient can be in the hospital after undergoing a variety of procedures. Denton Regional Medical Center recently added the da Vinci Surgical System Si to its operating room. Denton Regional has been serving the North Texas community for three decades. It is a full-service, 208-bed, acute care facility that offers a full range of services including advanced heart surgery,
at Advanced Laser Center, known to provide Lasik eye surgery. Coleman began seeing patients along with Dr. Kelby Trusty on Aug. 1. Total Eyecare and Eyewear Gallery is located at 3111 Unicorn Lake Blvd. For more information, call 940-891-3937. I A new insurance company,
Paragon, recently opened in Denton County. Owned by Sharon Mikkelson, who was previously associated with Allstate Insurance Co., the new agency opened its doors on Sept. 1. “Although this is a new agency, I and my agency team have been servicing the insurance needs of Denton/Denton County for a total of 35 years,” said Mikkelson, who has been a
Da Vinci Si system added to area hospital
Sales of existing single-family homes in Texas were up 18 percent from a year earlier, according to the most recent Multiple Listing Services data compiled by the Real Estate Center at Texas A&M University. Nearly 19,630 existing single-family homes were sold in Texas in July, the center stated. The median home price was down 1 percent to $153,200. According to the center, in July there were 622 homes sold in Denton County compared to 642 homes sold during the month prior, up 41 percent from a year earlier. The median price in Denton County was $165,500 in July, down 6 percent. 9-5
Planned site of gas center up for debate Officials from Denton Terminal LLC and the city of Denton will meet Wednesday to discuss possible plans for an alternative site for the company’s proposed gasoline distribution plant. Project designers originally had their eyes on land on FM2164 near Sanger. But after | CONTINUED ON PAGE 10
Career Advancement Dr. Heath Coleman recently joined the team at Total Eyecare and Eyewear Gallery at Unicorn Lake. Coleman graduated summa cum laude from Northeastern Coleman State University’s College of Optometry in 2011 and from
Oklahoma State University in 2007, a news release stated. He graduated with a long list of achievements from both NSU and OSU including being a fourtime recipient of the NSU Honor Society for Scholastic Excellence Award for Clinical Excellence and being a member of Beta Sigma Kappa Optometric Honor Society. Coleman completed an externship in refractive surgery
licensed insurance agent for 10 years. Paragon Independent Insurance Agencies Inc. has operated in Texas for a decade and has a number of agencies across the state, Mikkelson said. Paragon is located at Texas Business Center, 1308 Teasley Lane. For more information, call 940-594-3568 or e-mail sharonmikkelson@gmail.com.
Contents |
October 2011
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 or visit www.altrusadenton.org. Tuesday, Oct. 25, 6:30 p.m.
The American Association of University Women, Denton Branch will meet at Fremaux’s Metropolitan Catering, 932 W. University Drive. Call 940-898-3797 or email scomptonaauw@gmail. com.
Hickory Creek Planning and Zoning Commission meets at Hickory Creek Town Hall, 1075 Ronald Reagan Ave. Wednesday, Nov. 2, 7 p.m.
Home Builders Association of Greater Dallas, Greater Denton Division has its monthly meeting and luncheon at the Prairie House restaurant, 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, Oct. 25, 11:30 a.m.
Wednesday, Nov. 2, 6 p.m.
Association of Business Contingency Planners, North Texas Chapter has its monthly luncheon at Boy Scouts of America, 1325 W. Walnut Hill Lane in Irving. Cost is $35 per person. Visit http://northtx.acpinternational.com/Meetings. htm. Tuesday, Nov. 1, noon
Business Spotlight 9 | IN THE RED, WHITE & BLUE Denton-based company gets an American parent.
On the cover iStock illustration
Index Jonathon Fite | 4 Other Enterprising Voices | 7 Career Advancement | 2 Mixers | 8 Monthly News Roundup | 2, 10, 11 19 Vital Statistics | 17, 20-23
Who to contact October 2011 | Vol. 7, No. 8 Publisher: Bill Patterson The contents of this free publication are copyrighted by Denton Publishing Company, 2011, 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
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
3
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. Reservations are required. Call 940-365-9781 or e-mail chamber@aubreycoc.org.
Krum Chamber of Commerce holds its monthly meeting at Northstar Bank, 1101 E. McCart St. in Krum. Call 940-482-6093. Thursday, Nov. 3, 6:30 p.m.
North Texas Society for Human Resource Management meets at Holiday Inn Hotel & Suites Denton, 1434 Centre Place Drive in Denton. Cost to attend is $18 for members and firsttime guests and $23 for returning non-members. Visit www.northtexasshrm.org. Thursday, Nov. 17, 11:30 a.m.
SCORE, the Service Corps of Retired Executives, offers free management counseling for prospective new business owners or existing businesses in trouble. Confidential, one-hour counseling sessions are available by appointment every Wednesday at South Branch Library, 3228 Teasley Lane. Call 940-3498752. Wednesday, Oct. 19, 9 a.m.
Lake Cities Chamber of Commerce meets for coffee at Oakmont Country Club, 1901 Oakmont Drive in Corinth; Hickory Creek Town Hall, 1075 Ronald Reagan Ave.; and North Central Texas College, 1500 N. Corinth St. in Corinth
Wednesday, Oct. 26, 9 a.m. Wednesday, Nov. 2, 9 a.m. Wednesday, Nov. 9, 9 a.m.
in Hickory Creek
Small Business Breakfast meeting sponsored by the North Central Texas College Small Business Development Center at the Denton Chamber of Commerce building, 414 W. Parkway St. A light breakfast is provided. Call 940-380-1849.
Wednesday, Nov. 9, 7:15 a.m. at NCTC
Tuesday, Nov. 8, 7:15 a.m.
Wednesday, Oct. 19, 7:15 a.m. at Oakmont Country Club Wednesday, Oct. 26, 7:15 a.m.
Wednesday, Nov. 16, 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 940-382-0280.
Lake Cities Netweavers business networking group meets at the IHOP restaurant off Interstate 35E in Hickory Creek. Cost is $12 and includes breakfast. Email info@lcnetweavers.com.
Women Business Owners of Denton County will hold its monthly luncheon at Oakmont Country Club, 1901 Oakmont Drive in Corinth. Tuesday, Nov. 1, 11:30 a.m.
Thursday, Oct. 27, 8 a.m.
Thursday, Oct. 20, 9 a.m.
Thursday, Nov. 3, 8 a.m.
Please tell us about your event or
Thursday, Nov. 17, 9 a.m.
Thursday, Nov. 10, 8 a.m.
meeting by e-mailing Karina RamĂrez
Thursday, Nov. 17, 8 a.m.
at kramirez@dentonrc.com, by fax at
Lake Dallas 4A Economic Development Corp. meets at Lake Dallas Municipal Complex, 212 Main St.
Calendar, Denton Record-Chronicle, 314 E. Hickory St., Denton, TX 76201.
Monday, Nov. 7, 7 p.m.
940-566-6878.
Denton Black Chamber of Commerce meets at the Denton Housing Authority, 1225 Wilson St. Tuesday, Nov. 8, 6 p.m.
Denton League of United Latin American Citizens No. 4366 meets at the Denton Senior Center, 509 N. Bell Ave. Saturday, Nov. 19, 8:30 a.m.
940-566-6888; or by mail to DBC
Lake Dallas 4B Community Development Corp. meets at Lake Dallas Municipal Complex, 212 Main St. Monday, Nov. 14, 7 p.m.
Denton Planning and Zoning Commission meets in the council chambers at City Hall, 215 E. McKinney St. Wednesday, Oct. 26, 6:30 p.m. Wednesday, Nov. 9, 6:30 p.m.
NAACP, Denton County Chapter meets at the Denton Housing Authority, 1225 Wilson St. Thursday, Nov. 10, 7 p.m.
She also can be reached at
Denton Business Chronicle
Oct. 11
4 Denton Business Chronicle
Oct. 11
Enterprising Voices
Short-selling, revisited “We rarely sell securities short — [but] we do believe that shortselling serves a vitally important function.� — Seth Klarman, prominent value investor, in a 2010 letter
T
he essence of value investing is to be greedy when others are fearful, and to be fearful when others are greedy. Find good businesses with competent, entrepreneurial management. Calculate their intrinsic value based on their assets, profits and growth potential. Buy their stocks only when bouts of market fear bring prices down to big discounts to intrinsic value. In today’s fear-stricken
Jonathon FITE | markets, my business partner and I have been greedily scooping up stocks of wonderful businesses at bargain prices. But earlier in the year, when greed was the prevailing market sentiment, our emphasis was on the second part of the adage: Be fearful when others are greedy. Besides keeping a comfortable
cash buffer in our fund, we evaluated another way to exploit the excessive greed we were observing in the market: short-selling. In June we wrote a column for this space (“Should you short overvalued stocks?�) that described short-selling: Most are familiar with the process of “going long� - that is, buying some asset at a low price with the intention to hold it or at least sell it later at a higher price. Shorting is this process in reverse. In effect, a short-sell is a bet that a stock’s price will fall. In the article we noted that the best short-selling candidates tend to be either: (A) fraudulent companies with dodgy accounting, (B) overly indebted compa-
nies likely to go bankrupt, (C) buggy-whip companies with obsolete products or (D) overvalued glamor stocks that are Wall Street darlings. For the last category (D), we gave the example of Netflix, the Internet movie provider. When we wrote the article, Netflix stock was at $250, trading at an astronomic multiple of 75 times earnings. Wall Street analysts and CNBC commentator Jim Cramer gushed about the company’s rosy prospects for world domination. Indeed, the company was prospering and growing subscribers at a rapid clip. But my business partner and I were skeptical. To deserve its lofty stock price, Netflix would
need to grow its profits at an exponential rate. Netflix faced rich and smart competitors like Google’s YouTube, Apple’s iTunes and Wal-Mart’s Vudu. It would need to pay top dollar to content companies to license quality movies to keep its fickle, price-sensitive subscribers happy. We concluded the stock was extremely overvalued. What has happened to Netflix in the three months since our article? Well, the stock price initially continued its frothy advance to surge above $300 in early July, inflicting pain on those value investors who had shorted the stock. Famed value investor Whitney Tilson, who had been championing the Netflix shortsell thesis for months, announced he could not take the pain anymore. Having been
FITE | CONTINUED ON PAGE 6
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ADVERTISER SPOTLIGHT: KOONSFULLER
DENTON LAWYER WORKS FOR FAMILY LAW CHANGES Increasing fairness in divorce is the goal of Denton family law attorney Charla Bradshaw. That’s why she lobbied for changes to the Texas Family Code that went into effect this year.
OVERVIEW OF RECENT FAMILY LAW CHANGES ALIMONY I The statute is gender neutral. I The maximum amount of “spousal maintenance” was increased from $2,500 a month to $5,000 a month, or 20 percent of gross earnings (whichever is less), to provide for a spouse’s “minimum reasonable needs.” I When a spouse or child is a victim of family violence, the spouse is eligible for maintenance for up to five years if he or she lacks sufficient property to provide for minimum reasonable needs. I A spouse is eligible for maintenance if the spouse is unable to earn sufficient income to provide for the spouse’s minimum reasonable needs because of an incapacitating physical or mental disability. I A spouse is eligible for maintenance if the spouse is the custodian of a child of the marriage of any age who requires substantial care and personal supervision because of a physical or mental disability that prevents the spouse from earning sufficient income to provide for the spouse’s minimum reasonable needs. I A spouse who has been married for at least 10 years and lacks sufficient property and earning ability can also seek maintenance. I If a couple has been married for at least 10 years but not more than 20 years, the spouse asking for maintenance support may receive it for up to five years. I If the couple was married for at least 20 years but not more than 30 years, the duration of maintenance is no more than seven years. I If the couple was married for 30 years or more, the spouse seeking maintenance may receive it for up to 10 years.
A recent business column in The Dallas Morning News identified Bradshaw as the driving force behind changes to the alimony statute, which joined laws governing mistaken paternity and economic fraud as changes made by the Texas Legislature to the Texas Family Code.
“These changes bring us up to speed with other states,” Bradshaw told columnist Cheryl Hall with regard to the alimony statute. “Some states leave them up to the discretion of the judge. I’m happy how far we’ve come from where we were.”
Bradshaw is one of the best-known family lawyers in the Metroplex and a managing partner of KoonsFuller, the largest family law firm in the southwest. She has been selected one of the Top 50 Women Attorneys in Texas (Thomson Reuters, 2005) and one of the Best Women Lawyers in Dallas (D magazine, 2010). During the last session of the Texas Legislature, Bradshaw served on the legislative committee for the family law section of the State Bar of Texas. She helped write the alimony legislation, testified before lawmakers and lobbied for the bill’s passage. “Alimony’s been the red herring, the white elephant, the 600-pound gorilla that no one wanted to bring up,” says Bradshaw, who in her 18 years as a divorce attorney has seen way too many clients get the short end of the stick when it comes to income after the divorce. “I just jumped out there and did it.”
KoonsFuller, the Southwest’s largest family law firm, is located in the Access 1st Capital Bank building at the corner of Eagle Drive and Carroll Boulevard. KoonsFuller can be reached at 940-442-6677.
Prior to this change, the alimony statute, known as “spousal maintenance,” was so anemic that it was rarely used.
changing that is putting it mildly. She, pretty much on her own, researched all 50 states’ alimony statutes, did a complete overview for the committee and made suggested changes.”
Without Bradshaw’s leadership, Texas might have continued to languish in the backwaters of spousal support, says fellow legislative committee member Kathy Kinser. “We had one of the worst alimony statutes in the country. To say that Charla was passionate about
The new legislation might have died in committee if Bradshaw hadn’t lobbied other leading family lawyers for their support. The changes were included in the family law section package and were passed into law with surprisingly little legislative debate.
Charla Bradshaw
ECONOMIC FRAUD I This law addresses a fairly common practice of one spouse hiding, wasting or causing damage to the community estate. I It allows the court to recalculate the estate as if the fraud had not occurred and then divide the reconstituted estate as community property. I The court can also award the wronged spouse a money judgment or award monies to remedy the fraud. MISTAKEN PATERNITY I Under this legislation, a man who finds out he is not the biological father and was led to believe that he was the child’s biological father based on misrepresentations by the mother that led him to that conclusion can file to terminate the parent-child relationship between he and the child. I If the court determines he is not the biological father his future child support obligation stops immediately, except for unpaid child support still due. Under the Texas Family Code, he cannot recoup any payments made in the past. I A judge may grant visitation rights to a man who seeks it, even if he is not the biological father, if his absence will cause mental harm to the child.
Denton Business Chronicle
Oct. 11
6
Denton Business Chronicle
Enterprising Voices
Oct. 11
Associated Press/Paul Sakuma
The exterior of Netflix headquarters is seen in Los Gatos, Calif., on Oct. 10, the same day the company announced it would reverse a previously announced decision to put its DVD-by-mail and Internet streaming services on separate websites, a plan that was widely derided by Netflix subscribers. FITE | CONTINUED FROM PAGE 4
short Netflix at around $150 per share, he was sitting on a 100 percent loss and perhaps could not risk further downside or protests from his own fund’s investors. He even appears to have let the stock’s continued rise undermine his confidence in his own analysis, pondering if Netflix might be worth its lofty valuation after all. However, just a few weeks later, Netflix, Wall Street’s darling, became a pariah. The company infuriated many subscribers with changes to its pricing and bundling of its offers. To make matters worse, Starz, one of Netflix’s top content providers, announced it was dropping out of its negotiations for renewing its deal. The market responded ruthlessly, bringing Netflix stock down to $113 at the end of September. Anyone who shorted Netflix when our article came out would have made a profit of 55 percent in three months! Mr. Tilson’s original logic for shorting Netflix was correct, but he let the market sway his conviction and threw in the towel too early. All true value investors need to display fortitude amid adversity, but this is especially challenging in short-
selling, since the downside is unlimited while the upside is capped (a stock can rise to astronomical levels, but cannot fall below zero!). We find it much easier to scoop up companies that are trading at absurdly cheap prices. If the market then makes them cheaper, we have to check our logic and our assumptions. If everything checks out, then the additional price swoon simply makes our bargain even cheaper and actually a safer bet. But shorting is notoriously difficult for anyone to time accurately, and the perils often outweigh the rewards. In our fund, my business partner and I use short-selling strategies very sparingly, typically only to “hedge” our exposure to particular industries. The broader lesson of the Netflix example is to understand the time-tested principles of value investing, and to guard against the temptation of buying overpriced glamour stocks constantly being promoted by Wall Street and the financial media. JONATHAN FITE is managing partner of KMF Investments and a professor with the College of Business at the University of North Texas. Comments may be sent to Jonathon.Fite@KMFInvest ments.com.
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Enterprising Voices
Whet your appetite for good company at chamber event
A
s we run and pass our way through middle of football season, it’s only appropriate that the chamber should be sponsoring an event described as “the ultimate tailgate experience.” We’re anticipating at least 30 local restaurants and food service operations will be participating in our Celebrity Chefs competition the evening of Friday, Nov. 4, in the club at the new Apogee Stadium, home of the University of North Texas football team. Based last year’s success, we consider this our signature event for a couple of reasons. First, this is an opportunity for us to showcase Denton’s ever-expanding hospitality
Chuck CARPENTER | industry, not to mention UNT’s new state-of-the-art stadium. Second, net proceeds will help pay for new chairs and tables in our ground floor meeting room at the chamber office. The meeting room at the chamber office naturally gets a lot of use. We host multiple functions daily, representing usage by not only standing chamber committees
and events, but also our four affiliate organizations. The current furnishings are nearly 15 years old and definitely showing the consequential wear. Supporting the Celebrity Chefs event provides an enjoyable evening of food and fun, plus, it will help supplement the administrative convenience and services made available through the chamber office. Tickets cost $35 per person and can be purchased at www.denton-chamber.org or, of course, at the chamber office, 414 W. Parkway St. Bon appétit! CHUCK CARPENTER is president of the Denton Chamber of Commerce. He can be reached at 940-382-9693 or dcoc@denton-chamber.org.
Denton Check out the Denton Business Chronicle Business online at dentonrc.com/businesschronicle Chronicle
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Oct. 11
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9
Business Feature
United Copper acquired by American equity fund By Dawn Cobb
United Copper Industries, a copper wire and cable manufacturer in Denton, is now under new ownership.KPS Capital Partners LP purchased all of the assets of United Copper, an affiliate of Grupo IUSA, which is based in Mexico. Financial terms of the transaction were not disclosed. The acquisition by the New York-based private equity fund brings prospects of growth and product expansion to the manufacturer of residential and commercial building wire, according to Andy Blanchard, CEO of the Denton-based company. With 171 employees at its plant on Geesling Road off East U.S. Highway 380, United Copper produces all major types of 600-volt building wire. The plant uses 40 percent renewable wind energy to power its production. Future plans include offering new products as soon as midOctober and expanding the percentage of renewable energy used for production, Blanchard said. “We are positioning ourselves for future growth in renewable energy,� he said. The company, which is currently hiring, also plans to seek growth through acquisitions, likely more in the U.S. but possibly in other countries, as well. On Thursday, the company officially retired the Mexican flag flying in front of the Denton building. “We are now an American manufacturing company in America,� Blanchard said. Employees plan today to replace the flag with a new United Copper flag, he said. The company, brought to Denton by the Peralta family, began talks with city officials as early as 1997, said Linda Ratliff, the city’s economic development director. “They were the first company I helped recruit and the first to
“They see that this business [construction] is in the trough. It will only go up. If we’re able to make money and be profitable now, when the market rebounds, we’ll ride in with the tide.� — Andy Blanchard, CEO of United Copper Industries
receive a tax abatement in the city of Denton,� she said. “I kind of have a soft spot in my heart for them.� Construction on the plant began in 1998. United Copper’s tax abatement allowed for up to 25 percent off for a six-year period — an amount matched by both the county and school district. Ratliff said that just as reports of companies relocating to Mexico became prolific, Denton was getting a company from Mexico. “Here we had a Mexican company coming to the United States because this was where their customer base was,� she said. In the years since, the company has maintained a strong presence in the community. “It’s kind of a quiet giant on the east side of town,� Ratliff said. United Copper’s acquisition puts the company in the right position for a market rebound, Blanchard said. “They see that this business [construction] is in the trough. It will only go up,� he said. “If we’re able to make money and be profitable now, when the
market rebounds, we’ll ride in with the tide.� Potential for expansion of the building will depend on market demand, Blanchard said, adding the facility was built with room to grow on surrounding property. David Shapiro, managing partner with KPS, did not return a call for comment Thursday afternoon. In a news release, Shapiro said the deal represented an “exceptional� investment opportunity. “Our investment in United Copper is just the first step in the creation of a larger enterprise,� Shapiro said in the release. “We intend to aggressively grow UCI both organically and through acquisition.� KPS Capital Partners manages the KPS Special Situations Fund, a collection of private equity funds with assets worth more than $2.9 billion. While KPS typically targets companies experiencing operating and financial problems and invests capital while implementing a “turnaround plan,� Blanchard said United Copper Industries has shown a solid bottom line with profitability for the past 12 to 14 months.
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“United Copper was not in trouble,� he said; in fact, he added, KPS saw the company as
a viable asset for future growth. “We were not a distressed, troubled purchase,� Blanchard said. Staff writer Lowell Brown contributed to this report. DAWN COBB can be reached at 940-566-6879. Her e-mail address is dcobb@ dentonrc.com.
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Denton Business Chronicle
Oct. 11
10 Monthly News
Denton Business Chronicle
Oct. 11
Roundup | CONTINUED FROM PAGE 2
numerous calls, e-mails and other protests by residents, city, county and school officials, Denton Terminal representative Stephen Senter said the company would look at alternate locations for the center. Two other places being considered are in Sanger, and one in Denton. Wednesday’s meeting will be to discuss that third possible site. 9-6
Pedestrian bridge to span I-35E near UNT
9-7
Balcony structures eyed after recent accident City building officials are contacting all apartment complexes to inspect and secure access to balcony features, including The Grove, which bolted doors to its Juliet balconies after one collapsed early Saturday, injuring three men. City spokesman John Cabrales said the city would not comment further until its investigation into the accident was complete. Over the weekend, crews at The Grove bolted all the balcony doors closed to keep them from opening to make sure “nothing like this happens again,� spokesman Jason Chudoba wrote in a prepared statement on behalf of Campus Crest, owner of The Grove. The Grove is one of 10 properties in Texas wholly built, owned and managed by Campus Crest, based in Charlotte, N.C.
County budget includes raises, tax rate increase Denton County commissioners approved a budget Tuesday that will include employee raises. Commissioners voted unanimously for the $202 million budget, which includes cuts in some areas and reorganization in others, but court members are pleased with the final version. Budget officials proposed the tax rate be set to the effective tax rate, the rate needed to raise the same amount of money as last year on the same property, of 27.7357 cents per $100 property valuation. Last year’s tax rate was 27.39 cents per $100 valuation. | CONTINUED ON PAGE 11
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Getting across Interstate 35E to the new Apogee Stadium may be a bit of an inconvenience for Mean Green football fans this season. But by next year, the University of North Texas, Denton County and the Texas Department of Transportation plan to have a pedestrian bridge in place. While there are 1,800 prepaid parking spaces just outside of the stadium, the majority of attendees will park at Fouts Field or on the streets of the UNT campus and walk across Interstate 35E using the North Texas Boulevard bridge. The planned pedestrian bridge is expected to be a safer alternative because people won’t be sharing it with vehicles. But until it’s built, a green pedestrian fence has been put up on the outside of the North Texas Boulevard bridge to keep people safe, said John Polster, Denton County’s road consultant. TxDOT is working with HDR Engineering on the design of the pedestrian bridge, which is projected to cost more than $3 million. UNT will pay for $1 million of that as well as donating the right of way to the land on either side of Interstate 35E that it owns, moves that were approved at the Board of Re gents meeting in August. The more than $2 million that Denton County will pay will
come from regional toll revenue funds. Construction is slated to start at the beginning of 2012 and is projected to be complete by the start of the 2012 football season.
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Monthly News Roundup
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In crafting the budget, which increased $5.2 million over last year, officials had to consider a host of changes - including reduced revenues, the continuing rise in health care costs, home foreclosures and state budget cuts. State funding for the county dropped by $732,000. County Judge Mary Horn said commissioners were able to give employees 2 percent raises across the board, the first raise in two years.
property and adding public notification requirements. The council moved swiftly to adopt the new ordinance, having declined to impose a moratorium on new permits requested earlier this summer by residents of Remington Park, the town’s largest neighborhood. Residents of Remington Park, where about 300 of Ponder’s 1,395 residents live, were upset about a new Devon well site being drilled where additional homes and a neighborhood park had been planned. 9-11
9-10
Ponder adopts new gas development rules PONDER — The Town Council has adopted new rules for natural gas development, increasing setbacks from neighborhoods, protecting platted
International Foods changes its name International Foods and Restaurant of Denton recently changed its name to Green Zatar, according to certificates of occupancy records released this month.
“Za’atar [sometimes spelled zatar] is a very famous spice in the Mediterranean,” said Seyed Pourmorshed, owner of the business, located at 609 Sunset St. “It’s also a bread that everyone loves, so we chose that name.” In addition to the name change, Pourmorshed said the restaurant will concentrate on offering more Mediterranean and Middle Eastern cuisine. 9-14
Pedestrian, bike plan funds to double Denton City Council members agreed Tuesday to double next year’s budget for bicycle and pedestrian projects, in a move designed to appease bicycle advocates and secure matching funds from the county. The proposed 2011-12 budget had allocated $50,000 to help
implement a pending bicycle and pedestrian accommodation plan, but advocates filled a Sept. 6 public hearing to ask for more money. Council members informally agreed Tuesday to increase spending on the plan to $100,000 by pulling $50,000 from a pot of unallocated revenue. The decision came after Mayor Mark Burroughs said Denton County Commissioners Hugh Coleman and Andy Eads had tentatively offered $100,000 to help implement the plan if the city matched the amount. The council will vote on the budget Sept. 20. 9-17
Rep. to continue effort to ban smoking at work
a statewide ban on smoking in workplaces, after the effort failed again in the Legislature this year. “I think we’ve passed the tipping point,” Crownover, RDenton, said in an interview Friday. “Six years ago people thought secondhand smoke was maybe an inconvenience. Now they realize it’s benzene, arsenic, particulate matter, and it’s just not respectful of the person sitting next to you.” Crownover made the remarks after speaking at the United Way of Denton County 2011 campaign kickoff luncheon at the University of North Texas. She said an ordinance that city leaders are considering to ban smoking in Denton workplaces, including restaurants and bars, is the “second-best option.” States and cities across the
State Rep. Myra Crownover said she’ll continue pushing for
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Denton Business Chronicle
Oct. 11
12 Denton Business Chronicle
Cover story
Oct. 11
Coupon clickers
Chasin’ Tail BBQ waitress Elsie Grundtvig serves up customers who used a Groupon to pay for for their meal Oct. 6 at the Hickory Creek restaurant. Photo by David Minton
By Rachel Mehlhaff
Although the Denton Airshow made only a quarter as much on tickets it sold through Groupon, sponsors of the June event are betting that they gained a new customer base. “The important part to us in using Groupon is more for advertising,” said Amanda Addington, marketing director for the Denton Airshow. Officials with the group understand that they won’t make the full value of each ticket sold, she
said, but having the deal available on the online coupon site reached people in 159 ZIP codes across North Texas. More and more small businesses are starting to use daily deal websites to draw in new customers and promote their
services. Businesses that offer deals through Groupon sell their services at 50 percent off or more. A certain number of “deals” have to be purchased to tip the scale before any of the deals are actually sold. The businesses then
split the money with Groupon and hope in turn to gain a new customer base. It’s a phenomenon that’s gained popularity over the past couple years, with Groupon leading the way and others popping up as the industry gains momentum. And it has to do with a certain element of the population that has a “coupon mentality” — a drive to spend only if the product or service is on sale — said Denton advertising executive Ron Ray.
PAVING THE WAY Groupon, a Chicago-based company, started as a community-action website called The Point, which raised money for local parks and charities to try to bring about change. The Point is still active, but founder Andrew Mason realized that the “tipping point” method used for the nonprofit campaigns could also be used by local businesses. The tipping point method makes it so a minimum number of people have to buy the “deal” before it becomes
active. For instance, if a tipping point is set at 24 people, nobody gets the deal if fewer than 24 purchase it. In nearly three years, Groupon has grown to a customer base of 115 million people in 45 countries, according to the company. Groupon spokesman Chad Nason said most of its customers are younger people who live close to cities — those who like to go out and try new experiences. “We are moving away from just offering deals, and more and more to offering experiences,” Nason said. This is already starting to happen as deals are being offered for services people might not normally think to purchase, such as amateur bartending classes or pole dancing classes. But there remains a market for such things as restaurant or spa coupons. The company sees the “deals” as a way of offering people new experiences — whether it’s trying a new restaurant or horseback riding — that they might not have tried if it weren’t being offered at a discount, Nason said. DOING THE MATH Because they’re offering their products and services at a discounted rate, businesses look at daily deal sites as advertising tools. This was Denton AirFair Inc.’s first year to use Groupon to sell tickets to the air show. And even though 30 percent of the almost 2,000 tickets sold through Groupon weren’t redeemed, Denton AirFair still made money off those tickets. The problem is, the Denton Airshow only made a quarter of the ticket price on each one sold. The regular price for tickets is $10. The air show sold them for $5 through Groupon, and the website took half. That left the air show with $2.50 per ticket. Figures like that have some financial experts doubting the long-term strength of coupon sites. A business must be healthy enough to absorb a short-term financial hit in order to reap the long-term gain that comes with | CONTINUED ON PAGE 14
13 Denton Business Chronicle
Oct. 11
Photo by David Minton
Crowds watch a plane take off during this year’s Denton Airshow at Denton Airport. Organizers of the annual event decided to use Groupon to help sell tickets this year, and while they think the deal attracted more people, the air show only received a quarter of the ticket price.
PROFITABILITY BY SITE
INDUSTRY PROFITABILITY & REPEAT USE
A July 2011 study by Rice University asked businesses whether their deal of the day was profitable or whether they broke even, then asked them which website ran their deal. A majority of businesses turn a profit because of their deal, with only 17.9 percent on average losing money.
A July 2011 study by Rice University calculated the difference between how much businesses get back from participation in daily deals and how likely they are to participate again. The study focused on 10 different service industries. The figure in parentheses represents the sample size for each industry. Special events
52.6%
Buy With Me
42.9% 66.7%
(42)
15.8% 31.6%
Tourism-related services (17)
64.7% 47.1%
50%
Travelzoo
Education services (12)
23.1% 26.9%
Health & fitness services (42)
41.7%
Open Table
25%
76.2% 76.2%
Medical services 33.3%
50% 66.7%
(7)
Cleaning services (6)
59.8%
Living Social
58.3% 58.3%
66.7% 16.7%
15%
Auto services
25.2%
57.1% 28.6%
(7) 54.9%
Groupon
Made a profit
18.8%
Broke even
26.4%
Lost money
Retail store
Will run another daily deal in the future
47.6% 57.1%
(21)
Salon & spa
Making a profit on daily deals
41.5% 53.7%
(41) 55.5%
Full sample
Restaurant & bar (78)
17.9% 26.6%
0%
10
Source: Rice University studies
20
30
40
50
60
70
80
90 100
0%
35.9% 43.6%
10
20
30
40
50
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70
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100
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14 Cover Story
Denton Business Chronicle
Oct. 11
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new customers — which is an uncertain bet. “There are so many factors in an advertising medium like this that they all have to be considered. It’s not a proven medium,” said Bill Ford, a journalism professor at the University of North Texas and owner of a company that helps businesses with marketing and branding. Billboards, magazines and newspapers are all proven mediums because they have decades of history, Ford said. “The only caution is to look at the financial aspects of it,” Ford said. “And the potential gain is probably going to be less than you think it is.” If a company is looking to gain customers through the experience, they may or may not, he said. “It’s mostly small businesses that are hoping to gain from this type of medium,” Ford said. Chasin’ Tail BBQ in Hickory
Photo by David Minton
John Cushman, owner of Beautiful Bodyscaping, is pictured Oct. 12 in his Denton business. Cushman ran a half-off deal on Groupon, and though he didn’t make much money from the deal itself, he said it increased his customer base. Creek offered a $32 value for $16 through Groupon. The restaurant is under new
management and the owners thought this would be a good way to get the new name out.
“The win/win is they send out our information at no cost, we discount at 50 percent, and
Groupon and us split the proceeds,” said Brad Buesing, one of the restaurant’s owners. He calls the deal a “loss leader,” where the restaurant loses money up front but gains a customer base that will bring in more business over time. The theory is that the 25 percent of the potential sale the restaurant receives helps recoup the food cost and the rest is marketing, he said. John Cushman, owner of Beautiful Bodyscaping, offered a deal for six laser hair-removal treatments for more than 50 percent off through Groupon. He said although he didn’t make much on the deals sold, the new customers booked additional services through his company. He sold more than 300 deals through his Groupon promotion, which ran in September. “We capped it based on, I’m a small business, basically a oneman shop,” Cushman said. “We
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DEAL? The agreed-upon advantage to a daily deal site is that it brings people into the businesses or has people buying the service or product who might not have bought it otherwise. “It really did exactly what we wanted it to do,” said Addington, with the Denton AirFair. “We reached an entirely different audience.” Next year, officials with the air show are considering offering packages through Groupon, partnering with local hotels to provide a deal for out-of-towners. “The idea in using our Groupon is not only showcasing the show and having more visibility for the show and Denton airport, but it promotes Denton and the tourism in Denton,” she said. Buesing said he is hoping that the new customers who come into his restaurant will enjoy the food and the service well enough to come back. “I guess it’s like anything,” Buesing said. “It’s an opportunity — a business opportunity to make it or not.” He likes that the restaurant doesn’t have to front money to offer the deal through the website. “It’s a shared risk on the back end,” Buesing said. He said he also likes being able to track the sales. Cushman said he has seen a lot of new customers at Beautiful Bodyscaping since posting the Groupon deal, and those customers are booking additional services through the company. “It’s been a very positive thing,” he said, “both for me as a merchant and for my customers.” He said Groupon’s role is to
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get people in the door and then it’s the business’s job to make the customers want to come back. OR DUD? “I think it’s a great advertising tool for companies that are more obscure,” Ford said. “I think it’s a great way to get customers in — but there’s a downside to it as well.” The downside: More people buying the deal than the company can afford to offer at the discounted price, and the deal might not bring in the amount of repeat customers it anticipated from the offering. “The repeat statistics aren’t as good as people think they might be,” Ford said. And business may think that one quick promotion can get a whole lot of customers, Ford said, but it doesn’t always add up that way. Not only might businesses not see the customer growth they were hoping for, they won’t receive the money from their deal right away, leaving them to front some of the service costs. From his own experience, Buesing said, it’s important for businesses to be aware that they’ll receive their money in
GROUPON’S IPO PROBLEM Daily deal website Groupon was planning to go public this year but it may have a smaller initial public offering (IPO) than expected. The IPO — a private company’s first sale of stock to go public — can often help businesses quickly raise large amounts of capital. Groupon’s valuation is expected to be between $3 billion and $5 billion instead of $25 billion, which was the valuation discussed in early 2011. If the company went for the smaller valuation, it would be below Google Inc.’s rejected offer last year, which was $6 billion. But Groupon is still trying to prove itself to investors. It has been criticized for its accounting practices. And some wonder if Groupon can turn a profit. The company has spent more money at the beginning of 2011 than it did in the entire year in 2010 on subscriber acquisition and retention. Groupon spent $241.5 million in 2010 to add 48.8 million subscribers. It spent $345.1 million in the first half of 2011 to add 65.1 million subscribers. The company initially reported its sales to be $713.4 million but later reported them to be $312.9 million. In its initial accounting, the company counted fees paid to merchants in its revenue figures. Source: Bloomberg
three installments. The first third is paid on the day the deal ends. The second third is paid 30 days after the deal ends, and the final third is paid 60 days after the deal ends. “We’re fronting all the food costs until the point we get reimbursed,” Buesing said. He said he’s also worried about the “professional couponer” and the customers who will eat at his restaurant only once because they have a coupon. Buesing said those customers are typically high-maintenance and hard to satisfy — but that’s
the risk businesses take. Don Smith, Denton Airshow chairman, said although a wider audience base is reached, the financial incentive isn’t really there. “You discount the price,” he said. “You don’t get a whole lot.” Cushman said one of the drawbacks from using the daily deal website was the number of phone calls he started getting. He has about four employees, and he is the only one who does the laser work offered through
the deal. “That kind of turned into a problem for a small shop,” he said. Cushman cautions Groupon customers to be aware of what they are buying. “It’s important people understand what they’re getting for their money,” he said. “I think it’s very easy for someone doing a Groupon to offer something substandard.” DEPENDS ON THE BUSINESS The consensus among professionals in advertising is that daily deal websites work better for some businesses than others. Ford and Ray — a partner with the Denton advertising agency The Crouch Group — agree that it’s a good idea for those in the restaurant business. “The reason is you can get repeat customers because if someone comes in and likes the food, they will come back,” Ford said. It’s also good for nail salons — “anything that can build a loyalty over a period of time,” Ford said. Ford said the daily deal sites aren’t as good for businesses offering a product or service people will only use one time. Ray said businesses need to be
more relationship-oriented than deal oriented to be successful. “Relationship is everything,” Ray said. If deals are offered, businesses need to make sure they are of real value to the customers. Ray said businesses need to ask: “Is it worth it to the consumer to take advantage of the deal or that offer or that coupon?” He agrees that daily deal sites can draw in customers, but after that it’s up to the business. The hope would be that an obscure, out-of-the-way restaurant would offer a deal, people would come, and be offered good food and service. “That’s the kind of thing we hope would happen in a situation like this,” Ford said. He calls it an experiment and he said once the deals are gone, it remains to be seen if they brought in the repeat customers businesses were anticipating. “It could end up being a whole new way of doing business,” he said. But he hopes not. RACHEL MEHLHAFF can be reached at 940-5666889. Her e-mail address is rmehlhaff@dentonrc.com.
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Vital Statistics OIL AND GAS LISTINGS DENTON COUNTY 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: 7578' Lease: Alliance Tech Center Operator: Quicksilver Resources Inc. Location: 228.408-acre unit, H. Perry Survey, A-1022; 2.5 miles SE of Haslet Field: East Newark (Barnett Shale)
Field: East Newark (Barnett Shale) Total Depth: 8600'
Total Depth: 7555'
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: 8506'
Lease: Barnett Operator: Ryder Scott Management LLC Location: 352-acre lease, R.R. Jowell Survey, A-660; 7 miles NW of Ponder Field: East Newark (Barnett Shale) Total Depth: 8600'
Lease: Robson Ranch Operator: EnCana Oil & Gas (USA) Inc. Location: 2073.8-acre unit, M. Scurlock Survey, A-1141; 3.3 miles NW of Argyle Field: East Newark (Barnett Shale) Total Depth: 8197'
The following oil and gas reports for the month of September were posted by oilandgasreports.com LLC, P.O. Box 1540, Corpus Christi, TX 78403. For more information, visit www.oilandgasreports.com.
Lease: Barnett Operator: Ryder Scott Management LLC Location: 352-acre lease, R.R. Jowell Survey, A-660; 7 miles NW of Ponder
Denton Business Chronicle
Oct. 11
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ASSUMED NAMES The following names (followed by DBA and address) were posted in September in the Denton County Clerk’s Office. Amanda B. Austin, Cardo's Farm Project, 178 Seaborn Road, Ponder Angela Cross, Redesigning America, 5403 Rock Hill Road, Aubrey Benjamin D. Champion, Champion Media Service, 309 Bluefinch Drive, Little Elm Betrold Enterprises Inc., Pender's Music Company, 314 S. Elm St., Denton Blanca E. Quinonez, Play N Learn Home Cener, 2100 Barton Springs Drive, Corinth Boxi Tao, SweeBubble, 1500 N. Corinth St., Corinth Brandon D. Moore, Moore Technical Services, 5301 Whiting Way, Denton Brenda K. Anderson Comier, Day & Night Services, 2613 Navasota Drive, Little Elm Brian M. Trenholm, Trenholm Janitorial Services, 9401 Glen Falls, Denton Carl L. Yates, Yates Mowers, 2561 Tower Ridge Drive, Corinth Cash C. Cooper, 440 Automotive Group, 4381 S. Highway 377, Aubrey David Hanna, Run for the Next Generation, 2709 Calmwater Drive, Little Elm David J. Strickler, The Workshop Way, 110 Burl St., Corinth David W. Finch, DPF Cleaning Specialists, 1304 Churchill Circle, Denton Devin J. Garcia, A Second Home, 724 Corral St., Aubrey Donna L. Park, Skin Tight Wraps, Signs and Designs, 7849 Plainview Road, Krum Dwight M. Barnell, Cambar and Associates, 2800 Santa Monica Drive, Denton Everettt G. Barnhill, One Way Electric, 11821 Fritcher Meadow, Pilot Point George M. Lanier III, Get Fit Personal Training, 2617 Arabian Ave., Denton Giovanna D. Nygaard and Joshua K. Nygaard, Community Under the Sun, 917 Emery St., Denton James B. Apple, Applejecks Lawn and Landscape, 636 Corral St., Cross Roads Jeni Grissom, Clover Lane Boutique, 760 Naylor Road, Aubrey Jessica N. Warner, Camp Couture, 2023 Mercedes, Denton Jessica N. Warner, Lure Couture, 2023 Mercedes, Denton
Jose A. Morataya, Jehova Jireh Professional Cleaning, 1011 Reed St., Denton Kazi & N Corp., Chevron Express Fuel, 1293 S. Highway 377, Suite 100, Pilot Point Kimberly L. Crawford and Kurt L. Crawford Jr., Little Bunny Tu Tu, 2631 Lake Ridge Drive, Little Elm Lorena Cervantes, Edwardo Corona Lawn Service, 3939 Teasley Lane, Trailer 344, Denton Marci Carroll, M&B Flooring, 1600 Village East Drive, Denton Marsha R. Dixon and Aleasha J. Parks, Pure Elegance by Re' Naj, 119 Deer Path Road, Hickory Creek Michael Rogers, Black Diamond Transport, 909 S. Washington, Pilot Point Nicholas S. Haddox, Nicholas Haddox Records, 1544 Meadow St., Apt. 445B, Denton Richard D. Limpede, My Painter, 907 W. Hickory, Denton Ronald M. Benson Jr., Ronnie's 24hr Glass and Door Repair, 183 Pecan Lane, Lake Dallas Sandra C. McAnally, Memory Hutch Photography, 900 Lake Bluff Drive, Lake Dallas Sandra C. McAnally, Sandy McAnally Photography, 900 Lake Bluff Drive, Lake Dallas Saul R. Hernandez, Best Damn Tutoring, 315 Fry St., Apt. 5, Denton Sean P. Bertin, Home Improvement/Maintenance HIM, 2313 Hickory Court, Little Elm Sharon Braswell and Gerald L. Webb Jr., Braswell & Webb, 3408 Meadowview Drive, Corinth Sharon M. Mikkelson, Integrity Insurance, 3355 Forest Glen Drive, Corinth Stephen M. Lindley, Michael Lindley Hair Designs, 527 N. Elm St., Denton Stephenie M. Howard, Thread Counts, 231 W. Hickory, Denton Stuart C. Cawthon, Denton Tara Properties, 4243 Old Thomas Road, Aubrey Superland LLC, Fuzzy's Taco Shop, 1004 Maple St., Suite 101, Sanger Sybil Shephard-Griffin, Women of Virtue Ministries, 214 W. University Drive, Denton Vernon C. Richter, Lawn Barbers, 311 Sandy Cove, Argyle Vicky S. Rangel, V's Boat Carpeting, 12175 Marion Road, Sanger
BUILDING PERMITS The following building permits were issued by the Denton Planning and Development department in September. 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 Cowtown Gold & Silver, 2317 W. University Drive, No. 155 Fontaine Modification, 2401 Worthington Drive, No. 118 Heavenly Hands Salon, 815 Sunset St. Halloween City, 1800 S. Loop 288 Priscilla McCall’s, 2104 Sadau Court, No. 130 Resilient Intelligent Networks LLC, 2921 Country Club Road Rush Truck Centers, 5050 Corbin Road
COMMERCIAL ALTERATION Aldi Foods Inc., 2500 Westcourt Road Al-Khafaji, Amina Hamid, 805 S. Locust Alliance Hillview LP, 2700 W. University Drive, No. 400 Amina Al-Khafaji, 1230 Duncan St. ARG East Hickory Partners, 214 E. Hickory Arturo de la Mora, 1023 Dallas Drive Tommy L. Caruthers Sr., 1701 W. University Drive, B Cencor Realty- Matt Ludemann, 2201 S. I-35, Suite D
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Monthly News Roundup | CONTINUED FROM PAGE 11
U.S. have enacted similar smoking bans. Opponents say business owners should have the right to choose whether to allow smoking in a free market. Others oppose the bans over concerns that they cause restaurants and bars to lose money. She has been working to pass the ban for six years. The ban was stripped from a fiscal matters bill in the final days of the Legislature’s regular session in May, and Crownover tried and failed to pass it during the special session this summer. 9-18
Peterbilt introduces new truck features Peterbilt recently introduced a range of new features for its Model 320 truck, designed to improve maneuverability, vehicle utility and driver comfort. New options include two new steering gears, a lightweight battery box, ergonomic seats and tri-lane motors. 9-19
Residential foreclosures drop for another month The number of residential foreclosures posted for Denton County’s upcoming October auction dropped for another month to 462, falling 20 percent from last year. Postings are down 7 percent from September’s numbers and down 35 percent from October 2009, according to Foreclosure Listing Service Inc. The four counties of Dallas, Tarrant, Collin and Denton all showed declines in foreclosure postings. Collin County dropped 22 percent. Foreclosures for the fourcounty area totaled 4,177, down 17 percent from the 5,026 recorded for October 2010. 9-21
Council OKs budget The Denton City Council on Tuesday approved a $587 million budget that boosts spending
on streets, increases utility rates and leaves the tax rate unchanged. The budget passed with little discussion, following months of work and debate. For residents, the budget means higher utility rates and, for seniors, a tax break. Households will pay an average of $7.22 more each month for utilities because of rate increases for water, wastewater, trash and recycling. The senior homestead tax exemption will rise by $5,000, to $40,000, as part of a multiyear plan to increase the exemption to $50,000. For city employees, the budget includes the first true wage increases in three years. Employees will be eligible for an average 2 percent merit raise, after most received no raises this year. Employees received an average 2 percent raise the year before, but the increase wasn’t added to their base pay. The city also plans to call a November 2012 bond election to fund $20 million in road reconstruction projects. The plans follow a consultant’s report in February that found the city’s road network was in decline after years of underfunding. The budget takes effect Oct. 1. 9-23
DME picks desired route for transmission line Denton Municipal Electric on Thursday announced a preferred route for a northeast Denton power line project that officials said would cost the least and affect the fewest homes of the routes considered, setting up two months of public meetings before an expected City Council vote. The preferred route includes a section known as the purple route, which replaced a route that would have taken six homes in the East Oaks subdivision near Audra Lane. DME officials said the purple route would directly impact three homes, including one whose owner is eager to sell to the city. The purple route is one segment of a planned four-mile transmission line upgrade proj-
ect from the Spencer Road substation north to a new Kings Row substation west of Loop 288 and west to the Denton North interchange at Locust Street and Hercules Lane. Two public hearings are planned, on Oct. 18 and Nov. 15, before the council approves a final route.
Business Leadership Building opens at UNT The new University of North Texas Business Leadership Building opened Thursday. The 12 Bloomberg terminals and a scrolling stock ticker in the securities trading room flashed to life as the UNT band played the university’s fight song, while the more than 300 people in attendance clapped and sang along. Denton Mayor Mark Burroughs and state Rep. Myra Crownover, R-Denton, helped the university celebrate the grand opening of the new $70 million business building. The 180,000-square-foot building, which sits on the corner of Avenue A and Highland Street, serves more than 5,600 business students and houses the five departments that comprise the College of Business: accounting; finance, insurance, real estate and law; information technology and decision sciences; management; and marketing and logistics. The building, which houses 24 classrooms and 222 offices, was constructed with the goal of achieving gold certification in Leadership in Energy and Environmental Design from the U.S.
ing and the A-train. When fall classes began at area universities, DCTA initiated its Route 9 service to give passengers another way to get from downtown Denton to the University of North Texas. In August, the agency counted more than 44,000 passengers, and if things continue at the current rate, the agency will reach 50,000 passengers this month on the bus service alone.
Holiday Inn remodels, plans broader presence The new management at Holiday Inn Hotel & Suites Denton is trying to draw more attention to the hotel tucked off the interstate on Centre Place Drive. “For a long time, this hotel did not have any presence at all,” said Keith Alexander, the hotel’s new general manager. “It is a diamond in the rough.” Lobby and restaurant renovations were completed over the summer, and the management plans to build better signs and forge connections with the community. On June 9, Holiday Inn Denton became property of Ascent Hospitality, a hotel development and management company based in Dalton, Ga. The hotel is also managed by Louisville, Ky.’s Schulte Hospitality, which runs hotels affiliated with more than 10 brands around the country. The Denton hotel, which opened in 2007, has about 5,000 square feet of meeting space and 153 guest rooms, including 24 luxury suites. Its full-service restaurant and bar have been newly revamped.
9-25
DCTA bus service sees huge ridership increase Agency officials with the Denton Transportation Authority’s Connect bus service reported seeing significant upward trends for Connect service in August that have continued through September, attributing the ridership increase to new routes, market-
9-28
Sandwich shop to open second Denton location A second Schlotzsky’s Deli is coming to Denton. The sandwich shop at University Drive and Carroll Boulevard is tentatively scheduled to open in early December. Recent construction on the Schlotzsky’s building, at the
northeast corner of the intersection, has attracted the notice of passers-by. The building previously housed a First United Bank branch. 9-29
Denton Good Samaritan Village marks 35 years Two women who are big fans of Denton Good Samaritan Village will be among those observing the Hinkle Drive facility’s 35th anniversary Friday. Carol Riddlesperger was part of a group of involved citizens who helped bring the facility to Denton, and she now is a resident of the independent living apartments. Virginia McDaniel, director of resident services and senior living, has worked at the facility 29 years. Riddlesperger was founding director of Denton’s Retired and Senior Volunteer Program and worked in the group for 10 years. She also served on the advisory committee that worked to make today’s 27 1/2-acre Good Samaritan facility a reality. McDaniel said the 240 Good Samaritan facilities across the U.S. share a common vision: to provide an environment in which people feel loved, valued and at peace. The Denton facility opened its first assisted living unit in 2004, and other expansions from 1997-2008 added duplexes and triplexes. 9-30
Heritage Oaks complex secures developer The redevelopment of the Heritage Oaks senior apartment complex in Denton moved closer to reality this week. The Denton Housing Authority board voted Tuesday to hire Dallas-based Carleton Development Ltd. to redevelop the site with new tax-credit apartments for people 62 and older. An evaluation committee ranked the company over four others that submitted proposals this summer. — Compiled from staff reports
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20 Denton Business Chronicle
Oct. 11
Vital Statistics BUILDING PERMITS | CONTINUED FROM PAGE 17 Ed Canada, 207 N. Elm St. Hallandale Warehouse, 116 W. University Drive HCP CRS1 2817 Denton TX LP, 2817 S. Mayhill Road, No. 120 Huffman Builders of Denton, 3315 Unicorn Lake Blvd., No. 171 Klingele Real Estate Group, 311 W. Congress GMS P/S, 1512 Teasley Lane Jimmy Meredith, 115 S. Elm St. Jimmy Meredith, 115 Walnut St. Loma Del Rey Apartments, 517 N. Loop 288, Bldg. C 2 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. D 14 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. E 10 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. F 2 & 4 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. G 12 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. H 6, 8 & 16 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. I 8, 10, 12, 14 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. J 4 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. K 6, 8, 10 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. H 6, 8 & 16 Loma Del Rey Apartments, 517 N. Loop 288, Bldg. L 14 M1 Support Services, 300 N. Elm St. RPI Denton Center Ltd., 914 W. University Drive Sharda & Manubhai H. Patel, 1111 W. University Drive T5 Properties Ltd., 523 S. Locust St.
| CONTINUED ON PAGE 21
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Vital Statistics
75065 Floral Adventures LLC, Floral Adventures LLC, 604 S. Lake Dallas Drive, Apt. B, Lake Dallas Kennedy Kambarami, 3rdRoot.com, 724 Harbour Town Drive, Lake Dallas RSA United Brothers LLC, Lake Dallas Quick Stop, 601 S. Lake Dallas Drive, Lake Dallas Wanda Lawson, Seasons Change, 201 N. Shady Shores Drive, Trailer 99, Lake Dallas Z Floor Co. Ltd., Z Floor Co. Ltd., 350 Betchan St., Lake Dallas 75068 Alicia K. Matthews, Advertising Specialties & More, 1204 Lake Haven Drive, Little Elm Aztech Credit Correction LLC, Aztech Credit Corrections, 1165 Lake Bluff Drive, Little Elm Iron Phoenix Martial Arts LLC, Iron Phoenix Martial Arts LLC, 2656 Waterdance Drive, Little Elm Karna International Inc., Karna International Inc., 2741 Evening Mist Drive, Little Elm Kay Ellen McInnis, Vintage Echos, 1205 Shell Beach Drive, Little Elm Mercedes Tejada, Affordable Interior Solutions, 1427 Canary Drive, Little Elm Newcomb Arm Services Limited Liability Company, Newcomb Arm Services LLC, 3404 Fashion St., Little Elm Oscar Reyes, Oscar Reyes, 512 Port Arthur Drive, Little Elm Techknow Connect LLC, Techknow Connect, 800 W. Eldorado Parkway, Suite 127b, Little Elm Ten & Free Inc., A+ Certified Appliance, 2416 Spruce Court, Little Elm Terrence Purnell and Linda Odom, Lin's Beauty Supply, 1000 E. Eldorado Parkway, Suite 170, Little Elm 76201 Beth L. Jackson, Split Ends, 306 S. Elm St., Denton Eric H. Gelegard, Realtime Audio, 2408 N. Elm St., Denton Fish N Chirps Pet Center Inc., Fish N Chirps Pet Center, 914 W. University Drive, Denton Grace Asset Management LLC, Grace Asset Management LLC, 1300 Fulton St., Suite 301, Denton Hailey's Management LLC, Ray's Private Club, 122 W. Mulberry St., Denton
Jillian Laveta Zamora, Jillian Zamora Photography, 1407 Bernard St., Apt. 175, Denton Johnkarlo Lopez, L.A. Used Tires Shop, 505 Fort Worth Drive, Suite 104, Denton Joy L. Jenkins, Vintage Wharehouse, 721 N. Locust St., Denton Kudos Game Cafe LLC, Kudos Game Cafe LLC, 508 S. Elm St., Suite 108, Denton Link2speech LLC, Link2speech, 1400 N. Locust St., Denton McFarland Kathleen Campbell, Kaijuko, 1011 N. Austin St., Apt. 6, Denton Michael Little Et Al, Pan-Ector Industries, 804 Ector St., Denton Mitzi Bishop, BC Automotive, 805 S. Locust St., Denton Nathan H. Brouillette, Nathan H. Brouillette, 913 N. Locust St., Denton Sarah Livingston, Simply Bouquets, 1817 Linden Drive, Denton Spectrum Maintenance and Services LLC, Spectrum Maintenance and Services LC, 525 S. Carroll Blvd., Suite 200, Denton Stephanie M. Harris, Put In On Ya Tattoo Co., 420 S. Carroll Blvd., Suite 107, Denton Titlemax of Texas Inc., Titlemax of Denton, No. 2, 1701 W. University Drive, Denton 76203 Olivia Nielsen, Livi's Designs, 1155 Union Circle, Denton 76205 Andre James Yanniello, Dr. Sound Guy, 2430 S. I-35E, Suite 230, Denton Carlene Payne, Red Rose Antiques, 905 Chapel Drive, Denton Eric L. Butler, Butler's Sporting Goods, 1300 Dallas Drive, Apt. 1524, Denton It All Adds Up Inc., It All Adds Up Inc., 1200 Fort Worth Drive, Denton It All Adds Up Inc., Ur Pro Shoppe, 2200 San Jacinto Blvd., Denton Jerry D. Jones, CFI Inspection, 1224 Morse St., Denton 76207 Ann Carothers Robbins, Ann's Custom Embroidery, 9909 Grandview Drive, Denton Hat Creek Services LLC, Hat Creek Services LLC, 4401 N. I-35, Unit 203, Denton Mitchell J. Buckley, The Antique Gallery, 5800 N. I-35, Denton Rush Truck Centers of Texas LP, Rush Truck Center
76209 Christopher S. McCoulskey, Ace McCoulskey's Lock Service, 1512 E. McKinney St., Suite 204, Denton Essentially Texas LLC, Essentially Texas LLC, 704 Linwood Drive, Denton Kristi Leigh Schkade, Plagiarized Pseudonym, 107 Coronado Drive, Apt. 1522, Denton Mark Courts Media LLC, Cross Cultural Calendars, 3009 Montclair Place, Denton Queta McCullough, Lobeart, 3029 Montclair Place, Denton 76210 7-Eleven Inc., 7-Eleven, No. 35390, 8100 S. I-35E, Corinth AC SS Fund I Corinth LLC, Storage Solutions of Corinth, 3701 FM2181, Corinth Ace Arms LLC, Ace Arms LLC, 1809 Vintage Drive, Corinth Atticfoil Radiant Barrier Supply LLC, Atticfoil Radiant
76226 Deborsh R. McMahon, Gone For Never Genealogy, 412
Village Way, Argyle JV Ritchie, J V Ritchie Company, 748 Cimmaron Court, Argyle Jennifer K. Batchelder, Sweet N Sassy Bakery, 100 Country Club Road, Suite 118, Argyle Papi's Group LLC, Papi's Tex Mex Grill, 421 Highway 377S, Argyle Perspectagon LLC, Perspectagon, 525 Skyline Drive, Argyle. Renae Jolene Trevino, The Back Room Salon, 2648 FM407E, Suite 105, Bartonville Robert L. Turner, Robert L. Turner, 215 River Meadows Lane, Argyle Total Home Services LLC, A Great Maid, 330 Porter Road, Bartonville Total Home Services LLC, DFW Custom Remodeling, 330 Porter Road, Bartonville Total Home Services LLC, DFW Lawn Stars, 330 Porter Road, Bartonville Total Home Services LLC, DFW Shower & Glass, 330 Porter Road, Bartonville
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75034 Nelda E. Day, SOS Cleaning Services, 1647 Witt Road, Suite 103, Little Elm
76208 Araceli R. Broussard, Rceli, 1900 Creek Bend Drive, Corinth Carolyn G. Hayward, Hayward Landscape Design, 4201 Creek Falls Drive, Corinth Curtis W. Berry, Trinity Air, 1055 S. Trinity Road, Denton General Recycle of Denton LLC, General Recycle of Denton LLC, 2830 Geesling Road, Denton Gileno D. Paiva and Joselia R. Dutra, GJ Import & Export, 4517 Redbud Drive, Denton John Tilford Blanton, Barebones Auto Repair, 3909 Cliffside Drive, Denton Lake Cities Football & Cheerleading Association, Lake Cities Football & Cheerleading Association, 3700 Corinth Parkway, Corinth Sorensen Industries Inc., Pro Titan Steel, 3603 E. University Drive, Denton
Barrier Supply LLC, 3002 Enchanted Oaks Circle, Corinth Deanna Lin Jones, All Blinged Up!, 2525 Meadowview Drive, Corinth Jon C. Hoggatt, Industrial Systems & Components, 6808 Purbeck Trail, Denton Kara M. Bishop, Implied Design, 3107 Brett Road, Corinth Life Dreams International Inc., Life Dreams International Inc., 2109 Hemingway Drive, Denton Marianne Yurkee McKinley, Welcome Home, 3014 Alcove Lane, Corinth Michael Richter, Mike's Air Conditioning and Heating, 2002 Hayden Lane, Corinth Micheal Francis Kims, North Texas Woodscapes and Irrigation, 9008 Seven Oaks Lane, Denton Priscilla McCall's of Texas Inc., Priscilla McCall's of Texas – Denton, No. 105, 2100 Sadau Court, Suite 130, Denton Sarah L. Chavez, Sarah's -Handmade-Jewelry.com, 1602 Cedar Elm Drive, Corinth The College Party Shop, The College Party Shop, 3114 Berkshire Lane, Corinth
SALES TAX The following sales permits were issued by the State Comptroller’s Office for September. 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.
Denton, 2340 I-35W, Denton Rush Truck Centers of Texas LP, Rush Truck Center, 5050 Corbin Road, Denton Wheatridge Manufacturing LLC, Wheatridge Manufacturing LLC, 5001 Dakota Lane, Suite 100, Denton
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BUILDING PERMITS | CONTINUED FROM PAGE 20 Tetra Pak Materials Inc., 3300 Airport Road Trace Life, 2101 Shady Oaks Drive Weldon Burgoon, 345 E. Hickory St. COMMERCIAL 27-Eleven, 4005 Teasley Lane City of Denton, 221 N. Elm St. Denton Bible Church, 1910 E. University Drive Dr. Nicki Stani, 2205 Emery St. U.S. Aviation Group LLC, 4600 Spartan Drive RESIDENTIAL Banessa Mesta 3904 Madison, $172,271.88 Dieu Ngo 819/821 S. Welch St., $263,934.81 DR Horton 1001 Nora Lane, $206,876.37 1205 Nora Lane, $213,948.40 1216 Nora Lane, $165,455.15 DR Horton Texas Ltd. 4604 Shagbark Drive, $297,657.89 DSC Development LP 112 Industrial St., $208,271.53 114 Industrial St., $208,271.53 116 Industrial St., $208,271.53 118 Industrial St., $208,271.53 120 Industrial St., $208,271.53
122 Industrial St., $208,271.53 124 Industrial St., $208,271.53 Forest Francis Custom Homes 1209/1211 Bayfield St., $224, 289.27 1224/1226 Bayfield St., $295,695.24 Habitat for Humanity Denton Co. 1033 Reed Road, $116,396.08 JB Sandlin Real Estate Inc. 9504 Havenway Drive, $212,810.00 Lumbermen’s Investment Corp. 3425 Evening Wind Road, $299,397.86 Meritage Homes – Irving 3408 Capetown Drive, $235,713.16 Ronald & Jeannie Zitsch 2200 Lakeview Blvd., $500,000.00 Robson Ranch 11904 Boulder Drive, $235,713.16 8801 Bradford St., $221,153.90 9820 Edmonson Drive, $290,052.28 12124 Gallery St., $221, 153.90 12001 Glenbrook St.,$ 252, 424.57 8900 Landmark Lane, $339,138.63 Shepherd Place Homes 1204 Telese Court, $267,204.06 Standard Pacific Homes 8016 Bishop Pine, $265.801.01 8105 Bishop Pine, $359,328.02 Tim & Martha Tarlon 3429 Farris Road, $278,138.63
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Vital Statistics MIXED BEVERAGE TAX
SALES TAX
The following mixed beverage tax information was issued by the State Comptroller’s office for September. The list includes the name of the business, address, and reported tax. 119 Loophole Private Club, 119 W. Hickory St., Denton, $8,278.62 119 Loophole Private Club, 119 W. Hickory St., Denton, $7,772.10 American Legion Post, No. 550, 905 N. Foundation, Pilot Point, $2,744 Andy's Private Club, 122 N. Locust St., Suite B, Denton, $4,456.48 Angelina's Mexican Restaurant, 1400 N. Corinth St., Suite 111, Corinth, $1,686.58 Angelina's Mexican Restaurant, 1400 N. Corinth St., Suite 111, Corinth, $1,621.62 Applebee's Neighborhood Grill, 707 S. I-35E, Denton, $10,459.12 Applebee's Neighborhood Grill, 2672 FM423, Little Elm, $4,010.44 Aramark Educational Services, 303 Administration St., Hubbard, Denton, $27.72 Ashton Gardens, 2001 Ashton Gardens Lane, Corinth, $4,901.68 B.P.O.E. Denton, No. 2446, 228 E. Oak St., Denton, $1,508.92 Best Western Atrea Crown Chase, 2450 Brinker Road, Denton, $440.58 Black-Eyed Pea, 2420 S. I-35E, Denton, $231.70 Bono's Chop House & Saloon, 2025 N. Highway 287, Decatur, $5,145.84 Brunswick Zone – Denton, 2200 San Jacinto Blvd., Denton, $2,258.76 Buffalo Wild Wings Grill & Bar, 1400 S. Loop 288, Suite 110, Denton, $5,193.44 Bully's Bar and Grill LLC, 400 S. Highway 377, Pilot Point, $475.02 Bully's Bar and Grill LLC, 400 S. Highway 377, Pilot Point, $603.96 Cabana Beverages, 1300 N. I-35E, Denton, $482.44 Carito's Club, 274 Main St., Lake Dallas, $10.92 Casa Torres Mexican Restaurant, 2708 FM51, Decatur, $1,520.26 Chili's Grill & Bar, 600 S. Highway 287, Decatur, $5,480.02 Chili's Grill & Bar, 8394 S. Stemmons Freeway, Hickory
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Creek, $3,503.08 Chili's Grill& Bar, 2406 N. I-35S, Denton, $3,397.10 Chilitos Private Club Inc., 619-623 S. Denton Drive, Lake Dallas, $212.38 Chuy's, 3300 Wind River Lane, Denton, $14,278.46 Cool Beans, 1210 W. Hickory St., Denton, $7,544.04 Courtyard by Marriott, 2800 Colorado Blvd., Denton, $694.68 Cow Camp Steakhouse, 3142 N. Highway 287, Decatur, $163.24 Cow Camp Steakhouse, 3142 N. Highway 287, Decatur, $169.82 Crazy Horse Saloon and Dance Hall, 508 S. Elm St., Suite A, Denton, $1,021.30 Crazy Horse Saloon and Dance Hall, 508 S. Elm St., Suite A, Denton, $2,800 Dan's Silverleaf, 103 Industrial St., Denton, $5,697.86 Decatur Golf Private Club, 211 Country Club Road, Decatur, $340.20 Decatur Golf Private Club, 211 Country Club Road, Decatur, $306.04 Denton Side Bar, 109 Ave. A, Denton, $3,155.04 Denton Side Bar, 109 Ave. A, Denton, $3,422.30 Don Jose Mexican Food & Cantina, 301 N. Highway 287, Decatur, $587.16 Don Jose Mexican Food & Cantina, 301 N. Highway 287, Decatur, $592.90 El Chico, No. 106, 2201 S. I-35E, Denton, $643.58 El Chico, No. 106, 2201 S. I-35E, Denton, $675.08 El Fenix-Denton Texas, 2229 S. I-35E, Denton, $2,144.80 El Guapo's, 419 S. Elm St., Denton, $3,120.32 Ernesto's Mexican Restaurant, 10279 FM455E, Suite 1, Pilot Point, $2,899.26 Frilly's, 1803 S. Highway 287, Decatur, $3,809.54 Fry Street Public House, 125 Ave. A, Denton, $11,030.60 Fry Street Tavern Club, 121 Ave. A, Denton, $8,553.72 Hailey's, 122 W. Mulberry St., Denton, $4,703.72 Hailey's, 122 W. Mulberry St., Denton, $5,524.96 Hannah’s, 111 W. Mulberry St., Denton, $5,766.74 Hickory Street Lounge, 212 E. Hickory St., Denton,
Denton Business Chronicle
$4,036.62 Hilton Garden Inn – Denton, 3110 Colorado Blvd., Denton, $707 Hooligans Private Club, 104 N. Locust St., Denton, $8,346.66 Hooters, 985 S. I-35, Denton, $6,864.76 II Charlies Private Club, 809 Sunset St., Denton, $8,798.86 II Charlies Private Club, 809 Sunset St., Denton, $8,977.78 JR Pockets Club, 1127 Fort Worth Drive, Denton, $4,746.28 Jackie's, 201 Main St., Lake Dallas, $2,603.72 Jag Private Club Inc., 119 S. Elm St., Denton, $4,512.76 Jag Private Club Inc., 119 S. Elm St., Denton, $4,483.36 Joey's Ristorante Italiano, 26735 US Highway 380E, Little Elm, $1,296.40 Johnny Carino's Italian, 1516 Centre Place Drive, Denton, $2,045.40 Johnny G's, 130 Canyon Oaks Drive, Argyle, $870.52 Johnny G's, 130 Canyon Oaks Drive, Argyle, $853.30 Keiichi, 500 N. Elm St., Denton, $416.08 Kobe Sushi & Steak LLC, 2832 Eldorado Parkway, Suite 208, Little Elm, $315.84 La Milpa Mexican Restaurant, 820 S. I-35E, Unit 1, Denton, $373.10 La Milpa Mexican Restaurant, 820 S. I-35E, Unit 1, Denton, $332.50 Lake Cities Post No. 88 America, 105 Gotcher Ave., Lake Dallas, $2,909.76 Lake Cities Post No. 88 America, 105 Gotcher Ave., Lake Dallas, $3,330.74 Lake Cities Post No. 88 America, 105 Gotcher Ave., Lake Dallas, $2,751.70 Lake Dallas Point Restaurant, 303 Swisher Road, No. 100, Lake Dallas, $4,620.56 Lake Ray Roberts Area Elks Lodge, 910 W. Chapman Drive, Suite 100, Sanger, $594.86 Lantana Golf Club, 800 Golf Club Drive, Argyle, $2,833.88 Lone Oak Bar & Grill, 1434 Centre Place Drive, Denton, $904.12
| CONTINUED FROM PAGE 21 76227 David Brown and Russell Morrow, Titan Innovations, 2970 Bailey Lane, Aubrey Joy Jenna Maselli, Maselli's Coffee House, 8824 Yosemite Trail, Cross Roads Kathy J. Chandler, Kathy’s Country Kitchen, 423 Tisdell Lane, Aubrey Lowry J. Matthews, Itpronet, 100 Bent Oak Drive, Aubrey Moms on Main LLC, Lucy's Moms on Main, 204 S. Main St., Aubrey Navo Middle School PTA, Navo Middle School PTA, 1701 Navo Road, Aubrey Phyllis Ann Miselem, Phyllis and the Styler's, 9000 Chisholm Trail, Cross Roads Sorensen Industries Inc., Sorensen Industries Inc., 301 S. Highway 377, Cross Roads 76234 Monty Fitzgerald, Monty Fitzgerald Auctioneers, 1713 County Road 4280, Decatur Stephanie A. Denny, TLC by Stephanie, 1500 Rodden Drive, Decatur Texas Turbine Conversions Inc., Texas Turbine Conversions Inc., 330 Private Road 2506, Decatur Uhola B. Herrington, Uhola Herrington, 279 Mesa Ridge, Decatur
76249 April Porter Moren, Memories With Elegance, 1910 Darby Smith Road, Krum Jimmy Dale Whisenhunt, Whisenhunt Industries, 13672 Pruett Road, Krum John Kevin Brown, Front Sight Armory, 505 Park Lane, Krum Michael S. Warmoth, MW Services, 1618 Sequoia Drive, Krum Oakmont Construction Inc., Oakmont Construction Inc., 2519 S. Branch Road, Krum 76258 Youn Lee, Point Salon & Shoppe, 100 N. Highway 377, Suite 104, Pilot Point 76259 Ragenna A. Prince, Inkin Binkin Designs, 210 King George Way, Ponder 76266 Anna Seiden and Rebecca Parratt, Prairie Pagoda, 101 Kathryn Drive, Sanger Ashleigh Brooke Van Dyk, Ritzy Couture, 2858 FM455W, Suite 300, Sanger D&L Feeds Inc., D&L Farm and Home Sanger, 804 N. 5th St., Sanger Kmot's LLC, Kmot's, 8300 Lamar St., Sanger
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