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January Denton Business Chronicle 2013

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Page 1: January Denton Business Chronicle 2013
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DentonBusinessChronicle

Career AdvancementsPhysician assistant Laurie

Mottl of Flower Mound joinedthe team atHealth Servicesof North Texason Nov. 1.

Mottl earnedher master’s inmedical scienceat MidwesternUniversity inIllinois in 2004.

Health Services of North Texasprovides affordable primary carefor all Denton County residentsincluding well-child checkups,immunizations, health and sportsphysicals, well-woman exams,chronic disease care, behavioralhealth and more. It is a memberagency of the United Way ofDenton County.

The Denton office is located at4310 Mesa Drive. For moreinformation, call 940-387-5788or visit www.healthntx.org.

Corinth resident CharlesFletcher, founder and CEO of

SpiritHorseTherapeuticRiding Center,was named a2012 PurposePrize Fellow.

The prize wasgranted toFletcher by

Encore.org, which recognizespeople more than 60 years of agewho are changing the world.Encore.org is a nonprofit organi-zation dedicated to building amovement to make it easier formillions of people to pursue sec-ond acts for the greater good,according to its website.

Fletcher was named a fellowbecause of his innovative andphilanthropic work in equinetherapy, a news release said.Since the founding of SpiritHorseInternational — then SpiritHorseTherapeutic Riding Center) — in2001, Fletcher has developed aresearch-based equine-assistedhealth care program to aid chil-dren and adults with a variety ofspecial needs. The services areprovided entirely free of charge tomore than 400 children andadults in Corinth.

Fletcher has also developedthis program internationally,

training and certifying 495instructors and 80 SpiritHorsecenters worldwide, thus reachingthousands of children and adultswith disabilities through hiswork, the release said.

Fletcher said in the release thathe was honored to be a fellowand join many who “put othersbefore themselves.”

The John TempletonFoundation and the AtlanticPhilanthropies fund the PurposePrize program.

Fletcher was recognizedamong more than 300 PurposePrize winners and fellows nation-wide, according to the nonprofit’swebsite.

SpiritHorse Therapy Center islocated at 1960 Post Oak Drive.

For more information, visitwww.spirithorsetherapy.com.

Ren Galindo, an exclusiveagent for Allstate Insurance, hasopened a new office at 214 S. BellAve., Suite 1104.

Galindo has more than 10years of insurance experience, anews release said.

The full-service agency will sellauto, property, life, annuities andfinancial services.

Business hours are 8 a.m. to 5p.m. Monday, Wednesday andFriday, and 9 a.m. to 6 p.m.Tuesday and Thursday.

He can be reached at 940-380-2965.

Texas Health Resourcesannounced Dr. Daniel Varga wasnamed chief clinical officer andsenior vice president of the healthsystem, effective Jan. 14.

Varga will be responsible forachieving full and seamless inte-gration of the entire Texas Healthclinical enterprise, includingquality, patient safety and patientexperience initiatives, accordingto a news release. He will alsooversee physician relationships,clinical integration, care designand clinical research and educa-tion.

With Barclay Berdan, the sys-tem’s chief operations officer andsenior executive vice president,Varga will share the responsibilityof executing the next phase ofTexas Health’s 10-year strategicplan, launched in 2007.

Varga has 24 years of experi-ence in patient practice, medicaleducation and health careadministration. He served in anumber of senior clinical leader-ship roles in large health careorganizations, most recently asthe chief clinical officer atKentuckyOne Health, the state’slargest health system, the releasesaid.

Varga received his bachelor’sdegree at the University ofKentucky and his medical educa-tion at the University ofLouisville. He is board certified ininternal medicine.

Texas Health Resources is oneof the largest faith-based, non-profit health systems in the U.S.Twenty-five acute care and short-stay hospitals are owned or oper-ated by, joint-ventured or affiliat-ed with Texas Health Resources.

Last month, AchieversGymnastics Center announcedCharity Corbittwould lead anddirect the cen-ter’s Kids PlayDay program.The post waspreviously heldby RebeccaLapio, whorecently resigned, according to anews release.

Corbitt received her teachingdegree from Texas A&MUniversity and served as a pre-school director for the past eightyears.

The Kids Play Day program isa “mother’s day out” programthat offers both learning and playin a safe and caring environment.The program runs fromSeptember through May, follow-ing the Denton school districtcalendar.

Primrose School of CastleHills, owned by Tom and PriscillaChow of Carrollton, was amongthree schools selected to receivethe Primrose President’s Award,which recognizes the topPrimrose Schools franchise own-ers.

The Chows, who have ownedtheir franchise since 2004, were

Mottl

Fletcher

Corbitt

| CONTINUED ON PAGE 7

Monthly NewsRecaps12-1

Animal shelter winssixth in challenge

The Denton Animal ShelterFoundation was voted sixth inthe nation for adopting out1,532 animals within a three-month period.

The foundation, a nonprofitvolunteer group founded in2006, entered the DentonAnimal Shelter into the RachaelRay Adoption Challenge earlierin 2012 to increase adoptions atthe shelter, located at 300 S.Woodrow Lane.

While it didn’t win the grandprize of $100,000 taken by SanAntonio, Denton will receive a$5,000 grant for meeting thechallenge’s goal of increasingadoptions by more than 300 inthe three-month period — Aug.1 through Oct. 31 — set by theAmerican Society for thePrevention of Cruelty toAnimals.

12-2

Businesses make bestplaces to work for list

For the fifth year, DATCU andNorthstar Bank of Texas madethe coveted 2013 BestCompanies to Work for in Texaslist.

The program identifies, recog-nizes and honors the 100 bestplaces of employment in thestate.

Created in 2006, the list is aproject of Texas Monthly maga-zine, the Texas Association ofBusiness, the Texas StateCouncil of the Society forHuman Resource Managementand Best Companies Group.

Tanning salons raisemoney for fundraiser

Palm Beach Tan salonsnationwide participated in St.Jude Children’s ResearchHospital’s annual “Pin Up aPumpkin” fundraiser. The 286participating salons raised atotal of $86,000, which will bedonated to St. Jude this month.

The two Denton tanningsalons raised an average of $251.

Organic produce storeopens in Denton

Great Earthwise, a storefrontthat sells locally grown andorganic produce, opened itsdoors at 728 N. Elm St.

Ryan Crocker and his wife,Christina Trevino, opened theEarthwise Gardens’ storefront inNovember.

The store offers local, seasonalorganic produce, naturallyraised grass-fed beef, pasturedpork and poultry, cheeses andfresh eggs.

For more information, call940-442-1397.

12-4

Council hears airport’sname change proposal

The Denton City Councilheard a briefing from QuentinHix, the city’s director of avia-tion, that included a proposal tochange the Denton Airport’sname to “Denton EnterpriseAirport” and fund an estimated$350,000 in public improve-ments.

Hix also sought the council’sfeedback on proposedpublic/private partnershipinvestment guidelines.

The recommendation tochange the airport’s name camefrom a special task forceappointed by the council to helpimplement the airport’s two-year-old business plan. Othermaterials would accompany theproposed change, including anew logo and other materials tohelp brand and market the air-port.

The airport code associatedwith the Denton Airport, DTO,is assigned by the FederalAviation Administration andwould not change, Hix said.

Ultimately, the City Councilwould have to approve any suchproject, Hix said. However,guidelines would help the staff

| CONTINUED ON PAGE 15

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DentonBusinessChronicle

Contents | January 2013

IndexJonathon Fite | 4Other Enterprising

Voices | 4, 10, 11Mixers | 7, 8, 16Monthly News

Recaps | 2Career

Advancements | 2Vital Statistics | 19-23

Who to contactDawn Cobb Managing Editor

940-566-6879 | [email protected]

Sandra Hammond Advertising Director940-566-6820 | [email protected]

Shawn Reneau Advertising Manager 940-566-6843 | [email protected]

Photo by Al Key

On the cover: A sign shows what’sopening in 2013 at the Rayzor Ranch

Marketplace.

Calendar of EventsAltrusa International Inc. of Dentonmeets for its monthly dinnerand program at Vigne WineShop & Deli, 222 W. Hickory St.Cost is $10 per person. Call940-387-5031 for reservationsor visit www.altrusadenton.org.

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

American Association of UniversityWomen, Denton Branch meets atTexas Woman’s University,Stoddard Hall, Room 402. Call940-898-3797. Visit www.aaw-denton.org or e-mail [email protected].

Wednesday, Feb. 6, 6 p.m.

Aubrey 380 Area Chamber ofCommerce meets at the PrairieHouse Restaurant at 10001 E.U.S. Highway 380 in CrossRoads. Cost is $12 per person,reservations required. Call 940-365-9781 or e-mail [email protected].

Wednesday, Feb. 20, 11:30 a.m.

Denton Black Chamber of Commercemeets at the Denton HousingAuthority, 1225 Wilson St.

Tuesday, Feb. 12, 6 p.m.

Denton League of United LatinAmerican Citizens No. 4366 meets atthe Denton Senior Center, 509N. Bell Ave.

Saturday, Feb. 16, 9:30 a.m.

Denton Planning and ZoningCommission meets in the councilchambers at City Hall, 215 E.McKinney St.

Wednesday, Jan. 23, 6:30 p.m.

Wednesday, Feb. 13, 6:30 p.m.

Flower Mound Chamber of Commercewill host a Marketing 101Seminar at 700 Parker Square,Suite 100. Cost is $30 for mem-bers and $40 for non-members.Seating is limited to the first 20paid reservations. RSVP is need-ed to [email protected].

Wednesday, Feb. 20, 9 a.m.

Hickory Creek Planning and ZoningCommission meets at HickoryCreek Town Hall, 1075 RonaldReagan Ave.

Wednesday, Feb. 6, 7 p.m.

Investment Perspective Seminar host-ed by financial adviser Kathy R.Bauer of Edward Jones at 2925Country Club Road, Suite 101A,in Denton. Coffee is complimen-tary. Call 940-482-0280

Thursday, Jan. 17, 9 a.m.

Thursday, Feb. 21, 9 a.m.

Lake Cities Netweavers business net-working group meets at theIHOP restaurant off Interstate35E in Hickory Creek. Cost is$12 and includes breakfast. Formore information e-mail [email protected].

Thursday, Jan. 24, 8 a.m.

Thursday, Jan. 31, 8 a.m.

Thursday, Feb. 7, 8 a.m.

Thursday, Feb. 14, 8 a.m.

Lake Dallas 4A Economic DevelopmentCorp. meets at Lake DallasMunicipal Complex, 212 MainSt.

Monday, Feb. 4, 7 p.m.

Lake Dallas 4B CommunityDevelopment Corp. meets at LakeDallas Municipal Complex, 212Main St.

Monday, Feb. 11, 7 p.m.

Lewisville Chamber of CommerceLEADS Power Networking meets at2300 Highland Village, Suite900 in Highland Village. Theevent is free. For more informa-tion, contact Christine Foppianovia e-mail at [email protected].

Friday, Jan. 25, 7:45 a.m.

Friday, Feb. 1, 7:45 a.m.

Friday, Feb. 8, 7:45 a.m.

Friday, Feb. 15, 7:45 a.m.

NAACP, Denton County Chapter meetsat the Denton HousingAuthority, 1225 Wilson St.

Thursday, Feb. 14, 7 p.m.

North Texas Society for HumanResource Management meets atHoliday Inn Hotel and Suites,1434 Centre Place Drive inDenton. Cost to attend is $18 formembers and first-time guestsand $23 for returning non-members. Visit www.northtexasshrm.org.

Thursday, Jan. 24, 11:30 a.m.

SCORE, the Service Corps of RetiredExecutives offers free manage-ment counseling for prospectivenew business owners or existingbusiness in trouble.Confidential, one-hour counsel-ing sessions are available byappointment every Wednesdayat South Branch Library inDenton, 3228 Teasley Lane. Call940-349-8752 to make anappointment.

Wednesday, Jan. 23, 9 a.m.

Wednesday, Jan. 30, 9 a.m.

Wednesday, Feb. 6, 9 a.m.

Wednesday, Feb. 13, 9 a.m.

Small Business Breakfast meetingsponsored by the North CentralTexas College Small BusinessDevelopment Center at theDenton Chamber of Commerce,414 Parkway St. A light break-fast is provided. Call 940-380-1849.

Tuesday, Feb. 12, 7:15 a.m.

Women Business Owners of DentonCounty will hold its monthlyluncheon at Oakmont CountryClub, 1200 Clubhouse Drive inCorinth.

Tuesday, Feb. 5, 11:30 a.m.

Please tell us about your event or

meeting by e-mailing Karina Ramírez

at [email protected]; by fax at

940-566-6888; or by mail to DBC

Calendar, Denton Record-Chronicle,

314 E. Hickory St., Denton, TX 76201.

She also can be reached at 940-566-

6878.

Check out the Denton Business Chronicle onlineat dentonrc.com/businesschronicle

January 2013 | Vol. 8, No. 11

Publisher: Bill Patterson

The contents of this free publication arecopyrighted by Denton PublishingCompany, 2008, a subsidiary of A.H. BeloCorp. (www.ahbelo.com, NYSE symbol:AHC), with all rights reserved.Reproduction or use, without permission,of editorial or graphic content in anymanner is prohibited. Denton BusinessChronicle is published monthly byDenton Publishing Company, 314 E.Hickory St., Denton, TX 76201. E-mail:[email protected]

Page 4: January Denton Business Chronicle 2013

Title insurance: what it is and what it isn’t

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DentonBusinessChronicle

Enterprising Voices

An extremely high per-centage of real estatesales and financing

transactions involve the issuanceof a title insurance policy ofsome type. In dealing withclients in residential or commer-cial transactions, I have foundthat most consumers of titleinsurance products do not fullyunderstand what title insuranceis, why they acquire it, and whatbenefits are conferred upon theinsured in the event of a titledefect. This article will addresssome common misconceptionsabout title insurance and explainwhat it is and what it isn’t.

Title insurance is anAmerican idea. It is a contract ofindemnity, which is predomi-nantly used in the U.S. to insurea property owner or lender fromdefects in title, which may affectthe owner’s or lender’s interestin a particular parcel of real

estate. There are two primarycomponents of title insurance.First, it provides the insured anattorney — and other costs of“defense” — to represent theinsured and the insured’s inter-est in the property which may beunder legal attack. Secondly, inthe event that the insured actu-ally sustains a covered loss, titleinsurance will remedy the prob-lem, reinsure the risk or com-pensate the insured for anydamages sustained therefrom.

Prior to title insurance being

readily available, owners, poten-tial buyers, and lenders had torely upon title abstracts in orderto know or understand whatinterest they had — or wereacquiring — in a particular par-cel of real estate. An abstract oftitle was simply a summary ofthe relevant documents whichhad been filed of record throughthe date of inquiry and whichmay have some effect on the titleto the subject property. Most ofthe time an abstract wouldinclude or reference the particu-lar documents affecting title andthe recording information of thedocuments. It was up to theowner, potential buyer or lenderto review the abstract and deter-mine for itself whether the inter-est conveyed or to be conveyedwas acceptable. However, a titleabstract in and of itself providedthe intended user with little orno remedy in the event it was

not correct. Sellers, buyers, andlenders had to allocate theresponsibility for any undis-closed title defects through thewarranties contained in the deedor the security agreements.

Title insurance typicallyinsures fee simple ownership inreal property or the priority ofthe lender’s lien with respect tothe property secured by suchlien. However, other incidents ofreal estate ownership may beinsured, such as easements, leas-es or life estates. With the prolif-eration of oil and gas productionin urban areas over the past 20years, newer title insurance poli-cies typically will not insure titleto the mineral estate of realproperty. However, there arecertain endorsements that maybe obtained to insure certaintypes of surface improvementsagainst interference from themineral estate.

There are two basic types oftitle insurance policies. One typeof policy insures the owner ofthe real property against certaintitle defects (owner’s policy). Theother type of policy insures alender’s interest in real property,which is securing the repaymentof a loan (mortgagee’s policy).Most lenders require the owneror borrower to purchase themortgagee’s policy of title insur-ance for the lender as a condi-tion of making any loan securedby real property. However, theacquisition of an owner’s policyof title insurance is simply amatter of choice on the part ofthe owner or potential buyer ofreal property. While some folksbelieve that it is customary forthe seller to pay for the owner’spolicy premium, the payment ofthe owner’s policy is subject to

Scott ALAGOOD |

“We expect boom-bust cyclesof greed and fear to continue forseveral years. The market is like-ly to be range-bound, exhibitingpowerful rallies and sharp cor-rections along the way, but withlittle net movement overall. Insuch a market, passive ‘buy andhold’ investment strategies thatflourished in the bull market ofthe 1980s and 1990s would lan-guish.”

— This column “Prosperingin Range-Bound Markets”,

July 2011

When we penned theabove-quoted articlein July 2011, the

S&P 500 index stood at 1,350and the Dow Jones IndustrialAverage hovered near 12,700. Inthe 18 months since, these mar-ket indices have only netted acouple percent. But as if toprove our article’s point, thisperiod witnessed four powerfulcorrections and rallies, with

market swings as big as 25 per-cent!

As value investors, our focusis on finding great companiestrading at bargain prices, notprognosticating about markets.But our — so far, accurate —view that markets would berange-bound was shaped by therecognition that financial mar-kets are being battered by twopowerful but opposing forces:aggressively inflationary policiesbeing pursued by governmentsand central banks keen to “stim-ulate” the economy, vs. the defla-tionary overhang of massive

debts owed by individuals, cor-porations, and nations. Thisarticle continues that discussionand its implications for invest-ment strategy.

The willingness of our FederalReserve to execute this war onsavers by artificially suppressinginterest rates through continu-ous money printing has beenquite shocking. As we havenoted in past columns, highquality world-dominating divi-dend growers have definitelycaught a bid in this age of zero-rate-interest-policies (ZIRP) bythe Fed. But they are not alonein these efforts. Coordinatedpolicies by the Fed, theEuropean Central Bank, theBank of Japan, The Bank ofEngland and the ChinesePolitburo have unleashed atsunami of Dollars, Yen, Euros,Pounds and Yuan into the mar-ketplace. It seems clear thatthese policy makers are unwill-ing to force poorly capitalized

entities — be they individual,corporate, or sovereign — totake the hard medicine of pay-ing for their debt-fueled binge ofthe 2000s. Instead, govern-ments the world over appear tobe on the same page: we’regoing to print away all that debtand debase our currencies.

Recently we reviewed somedata compiled by VanHoisington, a very successfulbond manager out of Austin.Given, he is a bond manager, sohe may be talking his book. Buthis observations were striking.Like us, he believes the world isbogged down in debt and ittakes a long time for this to cor-rect. He points to numerousstudies that show debt over-hangs translate into “soggyinterest rates and flaccid eco-nomic growth that last an aver-age of 23 years across the 26episodes studied. Large govern-ments funded by massiveindebtedness squat over their

economies and stunt theirgrowth. Such barely breathingmarkets exhale low interestrates”.

Twenty-three years! The waron savers could march on forquite a while yet. Holders ofcash, CDs, money marketaccounts and bonds will seenear-zero yields for a while.Adjusted for inflation, such fixedincome assets will likely losemuch purchasing power.

That is worrisome indeed aswe are only five years into thisescapade. We do not subscribewhole-heartedly to Hoisington’spoints of view. But based on theactions of the policy makers atlarge, it is clear we’re far fromout of the woods. Eventually, theliquidity-spiked punch bowl willhave to be taken away and theinflationary hangover could besevere. In the meantime, ourview is that markets have a highlikelihood of being range-boundover the next 5-10 years. Itwould not shock us at all to seeanother 40-50 percent sell off

Revisiting Range Bound Markets

Jonathon FITE |

FITE | CONTINUED ON PAGE 17

ALAGOOD | CONTINUED ON PAGE 10

Page 5: January Denton Business Chronicle 2013

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Jan.2013

DentonBusinessChronicleWar stories always involve a war. A

nasty divorce resolved by a courthouse showdown can destroy the family, the family’s estate and the family’s busi-ness. Sit down with any experienced family law trial lawyer and they will be able to tell you “war stories” of court-room shootouts where a warring family ended up destroying the very estate they were trying to divide. The worst of these divorce war stories may end with a business or personal bankruptcy. When a divorce becomes a “war” there are many casualties.

Collaborative divorce – divide without destruction. There is a better way for families to make decisions regarding their children and divide their estate in a divorce. That better way is called a collaborative law divorce. In a collaborative law divorce, the parties opt to stay out of the courthouse and focus on solving problems through business-like negotiations versus assessing blame for problems in adversarial litigation. The collaborative process is a legally recog-nized process, and is used in other types of litigation, not just divorce cases.

Overview of the collaborative process.The collaborative process is a solution-oriented settlement process that is both family friendly and business friendly. In the collaborative law process the parties and their lawyers sign a written agreement with five key components:(1.) A commitment to settle if possible without going to court; (2.) A commitment to the full disclosure of financial and other information so that informed settlement decisions can be made; (3.) A commitment to focus on the future and solving problems instead of assessing blame and rehashing old marital arguments; (4.) A commitment to use jointly selected neutral experts when valuation, tax or accounting experts are needed or if specialized experts are needed to resolve issues concerning the children; and (5.) A commitment from the lawyers that they cannot and will not represent the parties in a courthouse battle if the process breaks down. Legally a divorce is either a collaborative divorce or it is not. A collab-orative divorce is a confidential divorce.

The collaborative process uses a “team” approach to solve problems.The collaborative process uses a “team” approach to solve problems. In addition to a business like step-by-step approach to dispute resolution, the collaborative pro-cess also often takes a “team” approach. In many collaborative cases in addition to the parties and their two attorneys, the parties will jointly employ a neutral mental health professional and a neutral financial professional to help the parties agree on a parenting plan and to identify the estate. These professionals are vital to the success of the collaborative divorce process.Under the team approach a neutral mental health professional serves as a “communi-

cations facilitator” and “runs” the meetings. A neutral financial professional serves as a neutral financial expert for the document gathering and identification of the estate. The usual role of the neutral mental health professional is to manage the emotional issues of the case, keep the parties and lawyers communicating constructively and help the parties work through issues

involving their children or other emotionally charged situations.

The usual role of the neutral financial expert is to gather, analyze and explain financial and tax information, and prepare invento-ries, spreadsheets, budgets, income and expense projections and other similar finan-cial tools. Additionally, financial profession-als assist the parties in evaluating the short and long term financial effects of settlement options and help generate financial solu-tions and settlement options.

Collaborative neutrals help settle cases. Because the mental health and financial professionals used in the collabora-tive process are neutrals, they provide the negotiating process with a neutral voice

throughout the process. Many times a solu-tion can be seen or suggested by a neutral that cannot be seen by the parties who are engrossed in their own perspectives and positions. Additionally, sometimes a suggestion for resolving the dispute can be more easily heard by the parties when it comes from a neutral voice rather than one of the parties or their lawyers.

Having neutral professionals as part of the collaborative process is what allows conflict between the parties to be resolved constructively. As opposed to adversarial divorces, a collaborative divorce involving neutral professionals provides a construc-tive place for conflict between the parties to be identified, managed and handled.

ADVERTISER FOCUS: KOONSFULLER, P.C.

“DIVORCING WITHOUT DISASTER”

ABOUT KOONSFULLERKoonsFuller, P.C. is the largest Southwest-based family law firm in four North Texas locations – Dallas, Southlake, Plano and Denton. For more information, visitwww.koonsfuller.com

AP

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Benefi ts of the collaborative process. There can be manybenefi ts to working through a diffi cult divorce in the collaborative process. Benefi ts of the collaborative process include:

• Dividing the estate of the family in a way that does not destroy the source of the estate or the family members in the process.

• Providing the parties and their business with a more private and confidential atmosphere than the traditional litigation process.

• Helping the parties reach financial solutions that are thoughtfully custom-crafted to meet the needs of the family versus a “one-size fits all” approach.

• Legal fees and professional expenses are more efficiently used, fees are spent solely on settlement efforts and not on procedural, evidentiary and other legal technicalities required in the litigation process – the process is far less expensive than contested litigation.

• Settlement conferences and meetings are scheduled when convenient for the parties instead of being centered around the lawyers schedule and the court’s busy docket.

• The collaborative process is less disruptive to the businessperson and their staff, clients and investors.• The process can take weeks or months to

accomplish a resolution versus years in the litigation process.

The parties are in charge of when their divorce is over.

The process can help parents carefully craft parenting plans to meet the unique needs of the family instead of relying on “cookie cutter” standard schedule.

• The parties are much less likely to cause irreparable damage to family and business relationships than in contested litigation.

Charla H. BradshawFamily Law Attorney

Collaborative law uses a “road map” to solve problems. When the parties work in the collaborative process, they follow a problem solving method from the business world called interest-based negotiations that provides a “road map” to resolution. The “road map” guides the parties through a logical step-by-step process that is designed

to increase the chances of settlement and decrease the chances of emotional blow-ups that often result in

families tearing each other apart at the courthouse. In a nutshell this “road map” involves fi ve basic steps:

(1.) An explanation of the ground rules for the process and the signing of a written collaborative law participation agreement;

(2.) Determining what the parties’ shared and competing goals, interests and concerns are about the divorce, the business, the children and the division of property;

(3.) Gathering, evaluating and sharing the necessary financial documentation and other information necessary to make informed choices about settlement;

(4.) Brainstorming possible options and solutions to the parties’ disputes concerning their property or children; and

(5.) Evaluating the available options and solutions, and selecting the options and solutions that meet as many of the parties’ shared and competing goals as possible under the circumstances.

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selected out of more than 240Primrose Schools nationwide forthe award for their passion, pro-fessionalism and commitmentto the Carrollton-area commu-nity, according to a news release.

For more information, visitwww.primroseschools.com.

Denton CountyTransportation AuthorityPresident JimCline andDenton CountyCommissionerBobbie Mitchellwere recentlyappointed tothe North TexasCommissionBoard of Directors. Former FortWorth Mayor Mike Moncriefwas named board chairman, anews release said.

The North Texas Commissionis a regionalnonprofit con-sortium of busi-nesses, cities,counties, cham-bers of com-merce, econom-ic developmententities andhigher education institutions inthe North Texas region.

Last month, the GoodSamaritan Society — NorthTexas HomeHealthannounced thatDenton resi-dent Liselle H.Trevino becameits new director.

Trevino hasserved with thesociety’s Denton Village asdirector of social services for

almost five years and prior tothat worked in hospice care, anews release said.

Trevino said in a statementthat she was honored and privi-leged to work for GoodSamaritan.

Trevino earned her bachelor’sdegree in social work fromTexas Woman’s University andhas several years of experiencein her profession working withthe geriatric population.

The home health office is nowat a new location, 1007 ShadyOaks, Suite 101. The organiza-tion has been serving NorthTexas clients from ages 18 to100-plus, accepting Medicare,private insurance and privatepay.

For more information, call940-591-0886 or [email protected] add your career news, please send an

email to [email protected].

Trevino

Cline

Mitchell

| CONTINUED FROM PAGE 2

Career Advancements

Business Mixers

Mix with usTell about your event or send photos

E-mail photos(200 DPI or higher) to

[email protected]

The Women in Commerce fall conference took place Nov. 9 at TexasWoman’s University’s Hubbard Hall.

Denton High School student group - Mujeres con Sueños

Impressions by Denton State Supported Living Center

Women in Commerce Conference

Cindy Kleckner

Elizabeth Lions

Julie HershCourtesy photos

Page 8: January Denton Business Chronicle 2013

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DentonBusinessChronicle

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Business Mixers

Pat Smith spoke to members of the Denton Chamber of Commerceduring the Business Networking Lunch held Dec. 7 at the HolidayInn. The topic of discussion was titled, “Age Well, Live Well.”

Denton Chamber Business Networking

Mix with usTell about your event or send photos

E-mail photos(200 DPI or higher) to

[email protected]

The CiCi’s Pizza on South Loop 288 was recently recognized by theAmerican Red Cross Denton Branch for supporting the organizationin 2012. CiCi’s owner Robert Garriot and Chris Sipriano, manager ofthe location, accepted the recognition.

Cici’s Pizza

Peterbilt presented a donation of $346,464 to the United Way ofDenton County’s fundraising campaign efforts in December.

Peterbilt

Courtesy photo

Courtesy photo

Courtesy photo

Page 9: January Denton Business Chronicle 2013

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DentonBusinessChronicle

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Page 10: January Denton Business Chronicle 2013

A look back at 2012

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DentonBusinessChronicle

negotiation in the sales contractand is typically a function of theprice being paid for the property.Other good news for theowner/buyer/borrower is thatthe issuance of a Texas mort-gagee’s policy in connection withthe issuance of a Texas owner’spolicy only costs an additional$100.

The Texas Department ofInsurance is authorized to regu-late title insurance in Texas ascodified in the Texas TitleInsurance Act (Tex. Ins. CodeSection 2501.001 et seq.). TheTexas State Board of Insuranceapproves insuring forms, premi-um rate rules, and proceduralrules for the title insuranceindustry in Texas. Texas titleinsurance is different than theoverwhelming majority of juris-dictions in the United States inthis fashion. Most other jurisdic-tions have adopted the formsand rules promulgated by theAmerican Land Title

Association (ALTA), which is anational trade association of titleinsurance underwriters andagents. The primary state tradeassociation in Texas is the TexasLand Title Association (TLTA).While the TLTA is a privateorganization and has no legisla-tive authority, the recommenda-tions and input from TLTA aregiven great weight in the regula-tion of title insurance in Texas.

So, how does title insurancediffer from an abstract of title?For one, the sole purpose of anabstract of title is to conduct adiligent and thorough search ofthe applicable public recordsand to examine the state of titleto a particular parcel of realestate based upon such inquiry.The duties and liabilities of theabstractor depend on conduct-ing such search and examinationin accordance with certainindustry standards and in a non-negligent manner. To the con-trary, a title insurance companyis not a title abstractor and owesno duty to examine title. Its sole

purpose is to provide the con-tractual indemnities and legaldefense to insure against certainpromulgated and/or express titledefects. While examination oftitle is implicit in the business ofissuing a sound title insurancepolicy, such policy does notguarantee that the state of titleas reflected in the policy is cor-rect. Rather, if the insured findsitself facing possible litigation orhas been damaged as a result ofa defect which is insured underthe policy, then the issuer ofsuch policy becomes liablethereunder to provide theinsured with a defense andeither resolve the defect, rein-sure the risk, or pay for anydamages resulting therefrom.Title insurance effectively takesthe place of the owner, buyer orlender having to prosecute alegal claim on its own and at itssole cost and expense under thecontractual warranties con-tained in the deed or securitydocuments. By acquiring a poli-cy of insurance, certain risks

associated with a property’s titlemay be shifted to the title insur-ance carrier from the owner orlender.

While title insurance is a verycost-effective manner of shiftingtitle risk, it certainly doesn’tcover all risks of ownership orlending associated with realestate. First, the amount ofinsurance is limited to the faceamount of the policy. Typically,the face amount of the policywill be limited to the purchaseprice, fair market value of theproperty — and any improve-ments — at the time the policywas issued — or if laterimproved, at such date — or fora mortgagee’s policy, the loanamount. Also, title insuranceunderwriters are in business tomake a profit. As such, theunderwriters take extreme pre-caution to ensure that the risksthey insure against are limitedto those mandated by state law,and are sometimes reluctant toinsure beyond what is minimallyrequired by law or regulation.

Similarly, all title insurance poli-cies in Texas do not insureagainst certain predeterminedrisks. These risks, which are setout in the policy, are betterknown as exclusions.Additionally, following the titleexamination of the particularparcel of real estate, the policywill include specific exceptionsto coverage, which are eitherfound of record or otherwiseallowed by the Texas title insur-ance regulations.

In order for coverage to exist,the particular type of title defectencountered must fall within thepolicy’s terms — and not beexcluded — and not have beenexpressly “excepted” to in a poli-cy schedule. In certain situa-tions, policy exception deletionsor insuring around endorse-ments — sometimes known inALTA States as “express insur-ance” — may be obtained bypaying an additional premiumto remove all or part of an

Enterprising Voices

ALAGOOD | CONTINUED FROM PAGE 4

As I look back at our eco-nomic developmentactivity in 2012, it was a

slower than usual year for us. Iattribute that to two reasons:One, during a presidential elec-tion year, projects typically slowdown until after inaugurationday, coupled with worries aboutthe “fiscal cliff” and two, Dentondoesn’t have the existing buildingspace large enough to meet com-panies’ requested needs. As aresult of the economic downturna few years ago, capital for proj-ects has become more difficult toattain. Therefore, more compa-nies are eager to purchase exist-ing buildings rather than buildnew ones. According to the leadsour office received in this last fis-cal year, the average squarefootage requested is 200,430.Until developers are willing tobuild more industrial spec spacein Denton, I’m afraid we maycontinue to qualify for fewer large

projects heading into 2013.On a brighter note, we have

seen projects that we worked onin the past year or two come tofruition. Here are a few:

� Peerless manufacturingbroke ground on its new $9 mil-lion, 80,000 square-foot facilityexpandable to 487,000 squarefeet. Peerless plans to employ160.

� Labinal is in the process ofoccupying an existing 180,000-square-foot facility to move its700-employee operation fromCorinth.

� The Target Corporation isnearing completion of its400,000-square-foot state-of-the-art distribution facility forits perishable and frozen foods.Target plans to begin operationsin the new facility by the end ofthe first quarter of 2013.

� Construction on the northside of Rayzor Ranch TownCenter continues to near com-pletion. Plans are to begin con-struction in this year on thesouth side of the 412 acremixed-use development.

� The Denton AirportBranding Task Force and theDenton Economic DevelopmentPartnership Board voted to rec-ommend to the city council thatthe Denton airport be called theDenton Enterprise Airport withthe branding tagline of “DFWaccess. Extraordinary business.”An anthem was also selectedand is in the process for the citycouncil’s approval.

� Seventy-three leads werereceived and three site visitswere conducted.

As the Denton Chamber’seconomic development depart-ment is charged with marketingthe city of Denton for businessrecruitment, we participated inthe following activities to getDenton on real estate and sitelocation consultants’ radars forfuture projects:

� TexasOne exhibit at theSociety of Automotive Engineersshow in Detroit, Mich., wherePeterbilt was featured in thebooth.

� North Texas CommissionAviation Marketing Committeebooth at the National BusinessAviation Association trade showin Las Vegas.

� Denton exhibit at theNorth Texas Commercial AreaRealtors show in Dallas.

� Site Selector Guild confer-ence in Orlando.

� Met with five site locationconsultants from the followingcompanies while in Colorado:McCallum Sweeney, KPMG,Foote Consulting Group,

Silverlode Consulting Groupand Ernst & Young.

� TexasOne BusinessRecruitment Mission to NewYork and met with the followingsite location companies: Ernst &Young, ADP, Atlas Insight, RyanConstruction, Cushman &Wakefield and Grubb & Ellis.

� Met with six site locationconsultants from the followingcompanies while in Florida:Hickey & Associates, Ginovus,Newmark Knight Frank, ChabinConcepts, OCO and CH2M.

� The Chamber and city EDstaff continue to work withDME on the marking of theirproposed CHP plant.

I look forward to the newopportunities that 2013 mayhold for economic developmentin Denton. In the meantime, wewill continue to push forward byworking with existing businessesand with consultants to getDenton’s awesome story out.

KAREN DICKSON is vicepresident of economic develop-ment for the Denton Chamberof Commerce. She can bereached at [email protected].

Karen DICKSON |

ALAGOOD | CONTINUED ON PAGE 19

Page 11: January Denton Business Chronicle 2013

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DentonBusinessChronicle

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Enterprising Voices

Award to be presentedat chamber luncheonWe will present the

27th Small Businessof the Year award

Feb. 22 during the next DentonChamber of Commerce mem-bership luncheon.

The award is an annual proj-ect sponsored by the chamber’sSmall Business InitiativesCommittee, chaired by KimPollard, owner of BookkeeperGirl. Nomination forms forpotential award recipients forthe calendar year ending Dec.31, 2012 have been distributedto the general membership viaConstant Contact.

Nearly 75 percent of thechamber’s current membershipaccounts employ fewer thanfive full-time employees, cor-roborating the spirit of thisrecognition as a testament tothe free enterprise system. The2011 award was presented toLarry and Tonya Parker, the co-owners of Denton Depot Ad

Specialties.Larry is a graduate of

Leadership Denton. He serveson the Denton Chamber boardand executive committee, head-ing the MembershipDevelopment Division. He alsoheads the Denton Main StreetAssociation.

Nominations are primarilybased on an individual’s busi-ness-related accomplishmentsas of Dec. 31, 2012, and mayinclude a combination of com-parable growth indices, innova-tion and the ability to overcome

adverse circumstances.Potential nominees should

own and/or manage a businessin the Denton trade area for noless than two years. The differ-entiating criteria typicallyincludes growth comparisons,facilities expansion or improve-ments, management tech-niques, innovative merchandis-ing and/or marketing practicesthat help set the nominee apartfrom his or her competition.

The membership luncheonwill be held at the Holiday Inn,and is being sponsored byTexas Health PresbyterianHospital. Tickets will be avail-able soon. Contact the chamberoffice, 940-382-9693, for moreinformation.

CHUCK CARPENTER is thepresident of the DentonChamber of Commerce. He canbe reached at [email protected].

Chuck CARPENTER |

Page 12: January Denton Business Chronicle 2013

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Cover Story

A look at what’s to come in 2013

And while new developmentis expected to be slow, the city isworking to put the infrastruc-ture in place to attract newdevelopers in the future.

On Dec. 18, the Denton CityCouncil approved the creation ofa tax-increment reinvestmentzone (TIRZ) to pay for the infra-structure improvement of 800acres north of Airport Road.

According to the agenda item,Denton County will pay into thetax increment fund 40 percentof the property tax collected bythe county for the year.

The city will also pay 40 per-cent of the property taxes col-lected in the area to go to thezone.

“Projects have really beenkind of slow,” said KarenDickson, vice president of eco-nomic development for theDenton Chamber of Commerce.“We haven’t been able torespond to a lot. We’ve been able

to respond to some but not asmany as we’d like to.”

The proposed projects include$8 million for streets, $5 millionfor utilities and drainage, and$1.3 million to support industri-al projects.

The TIRZ will help the citybring more projects to Denton,Dickson said, adding that newdevelopers don’t want to moveinto an area that doesn’t havethis basic infrastructure in place.

Developers want propertythat is “shovel ready,” she said.

“That’s what we’re activelyworking toward,” she said.“That’s just another tool in oureconomic development toolboxto be competitive.”

Because of a lack of largebuildings, the city has had toturn down certain projects, shesaid.

“I feel like we’re going to haveto continue to turn down proj-ects, like we’ve been doing,”

Dickson said.Dickson said her job is to talk

with developers and plant seedsfor the future growth in Denton.She said it can take two or threeyears before a developer callsafter their initial discussions.

“Nothing happens fast in eco-nomic development,” she said.“But you have to be ready for it;you have to be prepared for it toremain competitive.”

While the addition of newprojects may be slow, the cityhas many projects — some thathave been dormant for years —moving forward.

MOVING FORWARDThe city is hopeful that RED

Development will be breakingground this year on the southside of the Rayzor Ranch devel-opment, which is being calledthe Town Center, Dickson said.

The Town Center, locatedacross U.S. Highway 380 from

the Marketplace, has been onhold since 2007.

At the end of 2012, theArizona-based shopping centerdeveloper announced the revivalof the Town Center with thecoming of Dillard’s. In 2013, theRayzor Ranch developmentexpects to keep up the momen-tum it gained from thatannouncement.

“The announcement ofDillard’s is the first major step inmoving Town Center forward,”Robyn Young, a spokeswomanwith RED Development, said inan e-mail, adding that it will setthe pace to attract other retail-ers.

The developer has notannounced when constructionwill begin.

There is already a Dillard’s atGolden Triangle Mall on Loop288. Officials with both entitiesare not sure whether the retailerwill open two stores in Denton.

Across U.S. Highway 380 atthe Marketplace, REDDevelopment announced thecoming of several new retailersin 2013 to join Sam’s Club andWal-Mart, including Kohl’s,Famous Footwear, Jo-AnnFabric and Craft and Petco.

The stores are expected to

open in the spring, Young said. “We will be announcing new

national, regional and localretail and dining destinationsfor Rayzor Ranch Marketplacethroughout the year as newstores are opening and weexpect to make many moreexciting retail and restaurantannouncements in the monthsahead,” she said.

While RED Developmentwon’t confirm that Ross Dressfor Less will be going into theMarketplace in the spring alongwith the other retailersannounced, there are signs upon Rayzor Ranch propertyannouncing its arrival in 2013.

“Ross is a fantastic retailerand we would welcome them atRayzor Ranch Marketplace ifthey were interested in joiningthe project,” Young said inresponse to a question about thesignage up at the Marketplace.“If you would like to learn moreabout any new stores that Rossis planning, I invite you to con-tact them directly as we areunable to speak for them.”

Ross Stores Inc. could not bereached for comment.

Several smaller retail shopsand restaurants opened in 2012at the Marketplace, including

By Rachel Mehlhaff | Photography by Al Key

Denton has a lot to look forward to as the new yearbegins: Rayzor Ranch, Golden Triangle Mall is get-ting a facelift, the Target Distribution Center willopen, adding new jobs, and a couple of projects maybe revived.

The new Target distribution center is located off Airport Road in Denton.

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TOP: A rendering of Golden Triangle Mall renovationsprovided by mall officials.

MIDDLE LEFT: Construction continues on the buildingthat will house Petco.

MIDDLE RIGHT: The current entrance of Golden TriangleMall on Loop 288.

BOTTOM LEFT: Construction continues on Kohl's atRayzor Ranch Marketplace in Denton.

AT&T Mobility, CowboyChicken, Denton RegionalMedical Center, GeneralNutrition Corporation (GNC),Mooyah Burgers & Fries,Starbucks, Sports Clips, Sprint,Top That! Pizza and VillaGrande Mexican Restaurant.

Dickson said Rayzor Ranchestimated it would bring 4,000jobs when it’s complete. Wal-Mart and Sam’s Club havealready brought many jobs andthe retail stores being built in2013 will add to that number,she said.

OPENING A DISTRIBUTIONCENTER

Another highly anticipatedaddition to Denton will be com-ing this spring.

The Target DistributionCenter, located at 3952 CorbinRoad, will be a 366,000-square-foot, state-of-the-art facility serv-ing the majority of Target Corp.stores in Texas and Oklahoma. Itsits on a 50-acre lot near theDenton Airport.

It will have an automated sys-tem that can pack pallets withspecific items needed for eachstore.

The distribution center isexpected to ship 577,000 casesper week.

The center is joining othercompanies like Fastenal and AldiInc. that have brought new jobopportunities to Denton in thepast couple of years.

The facility, which is doing themajority of its hiring this month,will add 170 jobs at maximumoperations, including office per-

sonnel and a technologically-skilled workforce.

Target began adding distribu-tion centers when it added morefood products to many of itsstores in 2009. Because of therapid growth of its grocery busi-ness, the corporation added morefood distribution centers.

The new center will replace theSupervalu Inc. distribution centerlocated in Fort Worth.

Target received an estimated$1.7 million tax break over fiveyears approved in 2010 by theDenton City Council.

Natalie Moffitt, workforcedevelopment manager withWorkforce Solutions of NorthCentral Texas, said the additionof facilities, like the TargetDistribution Center, is positivefor the tax base.

“It’s going to be incremental,”she said. “It will show up over alonger period of time.”

She said the job skills requiredfor a distribution center now aredifferent than those required adecade or so ago. People, in gen-eral, are upgrading their skills forthe changing job market, Moffittsaid.

GETTING A FACELIFTGolden Triangle Mall is mov-

ing forward with its renovationsthis year and plans to announcethe food court restaurants earlyin the year.

In 2012, the mall focused onrenovating its interior but thisyear will be focused on the exte-rior.

COMING SOON | CONTINUED ON PAGE 14

A sign for the Rayzor Ranch Marketplace stands at the development to show the businessesopening in 2013.

Page 14: January Denton Business Chronicle 2013

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Renovations kicked off in thespring several months after themall was purchased by GTMDevelopment Ltd., a limited part-nership between Cencor RealtyServices and MGHerring Group,an Arizona-based En PertignusHolding Corp., a wholly ownedsubsidiary of JPMorgan Chase &Co.

Construction crews updatedthe lighting and flooring in the765,000-square-foot shoppingcenter in 2012. They also reno-vated the center court, purchaseda new Santa display and addednew vendor carts.

In 2013, the renovations willbecome more apparent from theoutside. At the end of December,construction crews began demo-lition work on the space that waspreviously El Chico.

The mall will be building thatarea into the parking lot with thefood court, said Matt Ludemann,mall manager. It will also berebuilding the entryway next toBarnes & Noble.

The entrance and exit into themall from Loop 288 will also getnew signage.

Mall officials are hoping thenew look will be motivation forstores to stay.

“We can’t control what an indi-vidual anchor decides to do,”Ludemann said.

REVIVING PROJECTSAnother project the city is

hoping will move forward in2013 is the proposed conventioncenter and hotel.

The proposed center at theformer site of the RadissonHotel had been dormant since2009. But in 2012, the cityreceived an unsolicited proposalfrom Missouri-based O’ReillyHospitality Management LLC.

A preliminary agreementbetween the city, O’Reilly andthe University of North Texasshows city leaders paying for the$25 million convention centerwith city tax revenue from theproject and lease payments fromO’Reilly. UNT owns the land.

No final agreement has beenreached.

“There are just still some

terms that have to be negotiatedwith the developer and the city,”Dickson said. “It’s moving along,slowly, but it’s moving.”

Denton hoteliers expressedtheir concern about anotherhotel being added to Dentonbecause of the already “fragile”market, as they call it.

About 1,000 of the 2,100hotel rooms in Denton areempty every night, driving downearnings.

The city declined the hote-liers’ request to do another studyof the hotel market before pro-ceeding with the project.

The city is also hoping anoth-er project that has been dor-mant since 2005 will be revivedthis year, Dickson said.

In 2006, the Denton CityCouncil annexed 3,406 acreswhere the Cole Ranch develop-ment is planned.

Stratford Land of Dallas co-owns the land with the Colefamily.

The company could not bereached for comment.

The mixed-use developmentwas projected to be built in fourphases between 2008 and 2025,eventually including 12,000homes, about 2,000 of whichwould be multifamily townhous-es, according to a DentonRecord-Chronicle story from2006. The residential spacewould be clustered with retailstores, medical offices and com-munity facilities.

“Those plans may havechanged,” Dickson said.

UNEMPLOYMENT TREND-ING DOWNWARD.

Moffitt said unemploymentrates are expected to continue totrend down in 2013.

Workforce Solutions has donedifferent surveys with employersthat show many will hire in2013, Moffitt said.

Employers have been holdingback because of the uncertaintywith the fiscal cliff, she said.

“Since Congress has released adeal, some of that has been alle-viated for the time being,”Moffitt said.

For Denton, healthcare con-tinues to be a strong industry,Moffitt said.

Cover StoryThere has been a decline in

public sector jobs, she said. Butjobs continue to be added to theprivate sector across the region.

“As the economy does recoverwe’re seeing a growth in thehousing market,” Moffitt said.

Staff Writer Peggy Heinkel-Wolfe contributed to the story.

RACHEL MEHLHAFF canbe reached at 940-566-6889.Her e-mail address [email protected].

COMING SOON | CONTINUED FROM PAGE 13

Please

recycle

this paper.

Page 15: January Denton Business Chronicle 2013

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DentonBusinessChronicle

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MonthlyNewsRecapsin negotiations. The guidelineswould limit proposals to part-ners with a five-year trackrecord, and for projects thathave the potential for a 4.25percent capital recovery rateover 20 years, in addition tobringing in a minimum of 25percent to 50 percent additionalcash in lease payments.

12-5

Aldi grocery store coming to Denton

Denton is expected to get anAldi grocery store..

A “Coming Soon” sign wentup at the corner of Karina Streetand Loop 288.

12-6

Construction to beginto widened highway

Motorists will soon need tonavigate around constructionprojects along University Drive,part of a larger state project towiden U.S. Highway 380 fromElm Street to the Wise Countyline.

Construction is scheduled tobegin this month or in Februaryat the Wise County line and pro-ceed east to give the city time tomove utilities.

Texas Sterling Constructionwill build the portion that runsfrom FM156 to Interstate 35,which is expected to cost about$39.3 million and take aboutthree years to complete.

12-8

Texas Building’s interior gets gutted

The Texas Building, located at100 W. Oak St., had its interiorgutted.

The four-story, 24,000-square-foot building nowincludes office space on all

| CONTINUED FROM PAGE 2

| CONTINUED ON PAGE 18

Page 16: January Denton Business Chronicle 2013

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AP

Business Mixers

Mix with usTell about your event or send photos

E-mail photos(200 DPI or higher) to

[email protected]

On Dec. 5, 2012, the Denton Chamber of Commerce held a HolidayOpen House titled, “Chrismavidad” at the Hilton Garden Inn.

Denton Chamber of Commerce

Courtesy photos

Page 17: January Denton Business Chronicle 2013

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DentonBusinessChronicle

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APAP

Enterprising Voices

sometime in this period, fol-lowed by another euphoric 80-100 percent boom with lots of 5percent, 10 percent and 20 per-cent swings along the way.

This is why value-based allo-cations still make the mostsense to us. As these swingsoccur, we must exploit opportu-nities presented when they arecheap. Inevitably though, therewill be periods of ebullience,markets will run, and valueswill dim. In these periods, largecash positions should be built.This is not a buy-and-holdstrategy.

From 1982-2007 — with themajor exception of the Internetbubble sell-off — it was a buy-and-hold era. The baby-boomers were in the peak earn-ing years and plowing moneyinto 401ks. Interest rates easedoff their late-70s highs of near20 percent and continuously fellto their lows today. Similarly,tax rates on income, dividends

and interest fell dramatically.The market had huge winds inits sails. All of those winds arereversed today.

Boomers are retiring, pullingmoney out of their accounts tolive on rather than plowingaway 10 percent of their pre-taxincome in the market. Based onNovember’s election, taxes areclearly going up. Eventually,interest rates will move up, too,and massive deficit spendingprograms will wane.

These factors support ourrange-bound thesis over thenext several years. Given thedynamism of the American cul-ture and the unstoppable rise ofa middle-class across severaldeveloping economies, theseforces are likely to subside even-tually. At some point, the meritsof a pure buy-and-hold strategymay re-emerge. But we believethat day is a long way off.

JONATHON FITE is a man-aging partner of KMFInvestments, a Texas-based

hedge fund, and an adjunctprofessor with the College ofBusiness at the University ofNorth Texas and theUniversity of Arkansas. Thiscolumn is provided for generalinterest only and should not beconstrued as personal invest-ment advice. Comments maybe sent to [email protected].

FITE | CONTINUED FROM PAGE 4

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DentonBusinessChronicle

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Monthly News Recaps

floors. Two restaurants areexpected to move into the build-ing next year.

Of the 10 tenants that previ-ously leased spaces at the TexasBuilding, five remain, includingBookkeeper Girl Inc., the KellyPhillips’ Farmers InsuranceAgency and the law firm ofJackson & Hagen, which hasbeen a building tenant for morethan 90 years.

12-9

Former Dallas Cowboyto open deli in Denton

The Smiling Moose, a deli-style restaurant chain owned byformer Dallas Cowboy DarylJohnston, will open a franchise inthe old Linwood-Alford FloristBuilding at the corner of CarrollBoulevard and Hickory Street inMarch.

The restaurant will coveraround 2,379 square feet, whilethe offices of Verus Real EstateAdvisors will take up another3,300 square feet, officials say.

Stores hold annualChristmas food drive

Participating Brookshire’s andSuper 1 Foods stores held their31st annual Spirit of ChristmasFood Drive from Nov. 14 to Dec.19.

The grocery store partneredwith the Denton Rotary Club tohelp collect and distribute non-perishable food to those whoneed assistance.

CoServ to return CapitalCredit retirements

CoServ Electric, a nonprofitcooperative, announced it isreturning a record $10 million tocurrent and former members in

the form of Capital Credit retire-ments this month.

CoServ Electric has provided atotal of $50 million in returnedcapital credit investments to itsmembers since 2003, a newsrelease said.

12-13

Foundation gives nearly$200,000 in grants

The Flow Health CareFoundation awarded nearly$200,000 in grants to 15 health-related organizations basedthroughout Denton County.

Since 1994, the foundation hasgiven grants to organizations thatserve families who struggle toprovide basic health care needs.

To qualify for a grant, anorganization must be nonpoliti-cal, nonprofit and nonsectarian.The organization must also pri-marily serve Denton Countyconsistent with the foundation’s

mission to provide affordablehealth care to residents.

12-16

Attorney moves business to larger space

Leigh Hilton, an estate plan-ning and elder law attorney,announced that her business hasmoved to a larger space at 924 N.Elm St. Her office used to beinside the Unicorn LakeDevelopment at 2717 Wind RiverLane.

HUB certifications helpbusinesses grow

Historically UnderutilizedBusiness, or HUB, certificationscan help minority- and women-owned businesses grow.

Northern Denton County has127 minority-owned andHistorically UnderutilizedBusinesses registered in the pro-

gram.Of the businesses listed, 78 are

women-owned, two are owned byan Asian female, five are ownedby an Asian male, 15 are ownedby black males, eight are ownedby black females, six are ownedby Latina females and 11 busi-nesses are owned by Latinomales, according to data acquiredfrom the HUB directory postedon the Texas Comptroller ofPublic Accounts website.

No HUB businesses were list-ed in Shady Shores, CopperCanyon or Dish, according to thedata.

12-18

GE locomotive plantbrings jobs to Denton

A few Denton County resi-dents have already been hired towork at a new General Electric

| CONTINUED FROM PAGE 15

| CONTINUED ON PAGE 19

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APwww.SignatureSeniorLiving.com

Rosewood Assisted Livingand Memory Care Community

4141 Long Prairie Rd., Flower Mound, TX 75028972-829-2050 License # 105287

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Denton CountyLease: Alliance Tech Center SouthOperator: Quicksilver Resources Inc.Location: 196.187-acre unit, T.S. Reyburn Survey, A-1130; Within Fort WorthField: East Newark (Barnett Shale)

Total Depth: 7489'

Lease: Biltmore-B. Yarbrough (SA)Operator: Devon Energy Production Co. LPLocation: 1602.243-acre unit, Hrs. C. Manchaca Survey,A-789; 2.5 miles SE of Ponder

Field: East Newark (BarnettTotal Depth: 8440'

Lease: ChristianOperator: Vantage Fort Worth Energy LLCLocation: 226.55-acre unit, N. Castleberry Survey, A-283; 1.2 miles NE of SlidellField: East Newark (Barnett Shale)Total Depth: 8905'

Lease: ChristianOperator: Vantage Fort Worth Energy LLC

OIL AND GAS LISTINGSThe following oil and gas reports for the month of December were posted by oilandgasreports.com LLC, P.O. Box1540, Corpus Christi, TX 78403. For more information, visit www.oilandgasreports.com.

| CONTINUED ON PAGE 20

Vital Statistics

exception or to have a specificendorsement to the policy issuedregardless of the exception.Examples of some commonlyused insuring policy exceptiondeletions and insuring aroundendorsements are the surveyexception deletion (Schedule B,Item 2), rights of parties in pos-session deletion, T-23 AccessEndorsement and the series ofT-19 Restriction, encroachmentand mineral endorsements.Depending on the type of prop-erty being insured, the goals ofthe insured and the cost vs.potential benefit being affordedto the insured, an owner, poten-tial buyer or lender will haveseveral choices of particular pol-icy exception deletions andinsuring around endorsementsto consider when acquiring aTexas title insurance policy.

In short, Texas title insuranceis not a guarantee of title to theinsured. It is a contractualagreement between the insured— owner or lender — and thetitle insurance policy issuer tocover stated title risks associated

with the ownership and financ-ing of real property. In thisrespect, title insurance is morelike your automobile or home-owners’ insurance policies,rather than a guarantee of title.That’s not to say that a review ofthe precursor document to theissuance of a title insurance poli-cy shouldn’t be performed by theowner, buyer or lender prior topaying the applicable premium.To the contrary, it is extremelyimportant that the “commit-ment” for issuance of a titleinsurance policy be reviewed inaddition to any documents,which will constitute exceptionsfrom coverage once the policy isissued. If possible, both the titleinsurance commitment andexception documents should beexamined along with a currentsurvey. The commitment shouldprovide a good snapshot of theexceptions contained in the pub-lic records, while the survey willshow the location of such excep-tions on the ground and anyother exceptions which are notfound in the public records, butwhich are visibly apparent froman inspection of the property.

In conclusion, title insuranceplays a very important role inTexas real estate transactions.However, if you do not workwith title insurance on a regularbasis it can be somewhat confus-ing to know exactly what you arepurchasing and what optionsmay be available. So, if you everfind yourself in a situationwhere you want to know yourtitle insurance options, youshould feel free to consult withand ask questions of your titleinsurance agent. Most areextremely helpful and knowl-edgeable about their products. Ifyou still find yourself uncertainabout title insurance or the asso-ciated transaction, it is usuallywell worth the time and expenseto consult with a qualified legalprofessional.

R. SCOTT ALAGOOD is alicensed Texas attorney andBoard Certified by the TexasBoard of Legal Specializationin both Residential andCommercial Real Estate Lawand may be contacted by e-mail at [email protected] or www.dentonlaw.com.

Enterprising VoicesALAGOOD | CONTINUED FROM PAGE 10

Monthly News Recapslocomotive plant that’s set tobegin production this month.The plant, which is about fourmiles south of Justin, is expectedto produce about 250 to 300locomotives a year and boost thelocal economy once it is open.

GE officials estimated the $96million plant, located just westof Texas Motor Speedway,employed about 500 since the

first of the year. The facility isthen expected to hire another260 employees by 2016.

12-19

Smoking ban makesexception for local bars

Despite overwhelming publicsupport for extending a proposedsmoking ban to bars, the Denton

City Council bowed to pressurefrom local bar owners and adopt-ed a smoking ban that left theirbusinesses alone.

Many calls and e-mails the citycouncil received supported ban-ning smoking in bars but localbar owners expressed concernabout their businesses survivingthe change.

-Compiled from staff reports

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119 Loophole Private Club, 119 W. Hickory St., Denton,$6,708.52 1512 Club, 1512 W. Hickory St., Denton, $0 American Legion Post No. 550, 905 N. Foundation, Pilot Point, $2,301.04 Andy's Private Club, 122 N. Locust St., Suite B, Denton,$9,885.40 Angelina's Mexican Restaurant, 1400 N. Corinth St.,Suite 111, Corinth, $2,047.50 Applebee's Neighborhood Grill, 707 S. I-35E, Denton,$9,891.28 Applebee's Neighborhood Grill, 2672 FM423, Little Elm,$4,592.84 Aramark Educational Services, 303 Administration St.,Hubbard, Denton, $428.68 Ashton Gardens, 2001 Ashton Gardens Lane, Corinth,$4,107.18

B.P.O.E. Denton No. 2446, 228 E. Oak St., Denton,$1,647.80 Best Western Area Crown Chase, 2450 Brinker Road,Denton, $624.54 Black-Eyed Pea, 2420 S. I-35E, Denton, $349.30 Bono's Chop House & Saloon, 2025 N. Highway 287,Decatur, $3,844.82 Bono's Chop House & Saloon, 2025 N. Highway 287,Decatur, $3,407.46 Boomerjack Wings No. 8, 407 W. University Drive,Denton, $1,438.22 Brunswick Zone Denton, 2200 San Jacinto Blvd.,Denton, $2,844.66 Buffalo Wild Wings Grill & Bar, 1400 S. Loop 288, Suite110, Denton, $6,710.90 Cabana Beverages, 1300 N. I-35E, Denton, $294.14 Casa Torres Mexican Restaurant, 2708 FM51, Decatur,

$2,556.96 Chili's Grill & Bar, 600 S. Highway 287, Decatur,$5,795.30 Chili's Grill & Bar, 8394 S. Stemmons Freeway, HickoryCreek, $3,725.26 Chili's Grill& Bar, 2406 N. I-35S, Denton, $3,780.28 Chilitos Private Club Inc., 619-623 S. Denton Drive, LakeDallas, $153.44 Chipotle Mexican Grill, 1224 W. Hickory St., Denton,$113.40 Chuy's, 3300 Wind River Lane, Denton, $9,823.24 Cool Beans, 1210 W. Hickory St., Denton, $7,918.54 Courtyard By Marriott, 2800 Colorado Blvd., Denton,$803.88 Cow Camp Steakhouse, 3142 N. Highway 287, Decatur,$129.92 Crossroads Bar, 1803 N. Elm St., Denton, $2,279.34 Dan's Silverleaf, 103 Industrial St., Denton, $6,775.02 Denton Country Club, 1213 Country Club Road, Argyle,$3,380.16 Don Jose Mexican Food & Cantina, 301 N. Highway 287,Decatur, $521.78 El Fenix-Denton Texas, 2229 S. I-35E, Denton,$1,800.54

El Guapo's, 419 S. Elm St., Denton, $2,307.20 Ernesto's Mexican Restaurant, 10279 FM455E, Suite 1,Pilot Point, $2,917.46 Frilly's, 1803 S. Highway 287, Decatur, $3,461.64 Fry Street Public House, 125 Ave. A, Denton,$11,989.74 Fry Street Tavern Club, 121 Ave. A, Denton, $10,360.42 Fuzzy's Taco Shop, 109 N. State St., Decatur, $2,179.38 Fuzzy's Taco Shop, 1044 Maple St., Suite 101, Sanger,$371.00 Genghis Grill The Mongolian, 2416 Lillian MillerParkway, Denton, $430.22 Gerhard's, 222 W. Hickory St., Suite 104, Denton,$802.76 Gerhard's, 222 W. Hickory St., Suite 104, Denton,$991.90 Good Eats No. 729, 5812 N. I-35, Denton, $0 Good Eats No. 729, 5812 N. I-35, Denton, $0 Hailey's, 122 W. Mulberry St., Denton, $3,266.20 Hannahs, 111 W. Mulberry St., Denton, $8,474.48 Hickory Street Lounge, 212 E. Hickory St., Denton,$4,985.26 Hilton Garden Inn Denton, 3110 Colorado Blvd., Denton,$719.46

Holiday Inn Denton, 1434 Centre Place Drive, Denton,$747.60 Hooligans Private Club, 104 N. Locust St., Denton,$10,731.70 Hooters of Denton, 985 S. I-35E, Denton, $7,332.22 II Charlies Private Club, 809 Sunset St., Denton,$10,073.56 J.R. Pockets Club, 1127 Fort Worth Drive, Denton,$5,936.14 Jackie's, 201 Main St., Lake Dallas, $3,791.76 Jag Private Club Inc., 119 S Elm St., Denton, $4,949.42 Joey's Ristorante Italiano, 26735 US Highway 380E,Little Elm, $1,246.56 Joey's Ristorante Italiano, 26735 US Highway 380 E,Little Elm, $1,261.12 Johnny Carino's Italian, 1516 Centre Place Drive,Denton, $1,785.84 Keiichi, 500 N. Elm St., Denton, $830.62 Kobe Sushi & Steak LLC, 2832 Eldorado Parkway, Suite208, Little Elm, $363.16 La Milpa Mexican Restaurant, 820 S. I-35E, Unit 1,Denton, $1,551.62

MIXED BEVERAGE TAXThe following mixed beverage tax information was issued by the State Comptroller’s office for December. The listincludes the name of the business, address, and reported tax.

Vital Statistics

| CONTINUED ON PAGE 22

Location: 226.55-acre unit, N. Castleberry Survey, A-283; 1.2 miles NE of SlidellField: East Newark (Barnett Shale)Total Depth: 8820'

Lease: Great Expectations UnitOperator: Arp Barnett LLCLocation: 781.16-acre unit, C. Cooksey, A-270; 2 milesW of Hickory CreekField: Newark, East (Barnett Shale)Total Depth: 9000'

Lease: Mayday-Lattimore Gas UnitOperator: Eagleridge Operating LLCLocation: 179.38-acre unit, O.S. Brewster Survey, A-56;Within DentonField: East Newark (Barnett Shale)Total Depth: 8711

Lease: Pitner-North UnitOperator: Red Oak Gas Operating Company LPLocation: 78.83-acre unit, W. Blalock Sur, A-44; 0.5miles N of Double OakField: East Newark (Barnett Shale)Total Depth: 8446'

Lease: Riley-Little Brook (SA)Operator: Vantage Fort Worth Energy LLCLocation: 412.16-acre lease, S. Huizar, A-514; 0 WithinDentonField: Newark, East (Barnett Shale)Total Depth: 9000'

Lease: Riley-Little Brook (SA)Operator: Vantage Fort Worth Energy LLCLocation: 412.16-acre lease, S. Huizar, A-514; 0 WithinDentonField: Newark, East (Barnett Shale)Total Depth: 9000'

Lease: Riley-Little Brook (SA)Operator: Vantage Fort Worth Energy LLCLocation: 412.16-acre lease, S. Huizar, A-514; 0 WithinDentonField: Newark, East (Barnett Shale)

Total Depth: 9000'

Lease: Riley-Little Brook (SA)Operator: Vantage Fort Worth Energy LLCLocation: 412.16-acre lease, S. Huizar, A-514; 0 WithinDentonField: Newark, East (Barnett Shale)Total Depth: 9000'

Lease: Smith-Yorlum UnitOperator: Eagleridge Operating LLCLocation: 329.7-acre unit, MEP&P RR Co/GreenJohnson, Myers & Brummett, A-1699; 4.2 milesNW of Denton, TxField: East Newark (Barnett Shale)Total Depth: 8800'

Lease: Smith-Yorlum UnitOperator: Eagleridge Operating LLC

Location: 329.7-acre lease, MEP&P RR Co/GreenJohnson, Myers & Brummett, A-1699; 3 miles NW ofDenton, TxField: East Newark (Barnett Shale)Total Depth: 8800'

Lease: Smith-Yorlum UnitOperator: Eagleridge Operating LLCLocation: 329.7-acre unit, MEP&P RR Co/Johnson GreenMyers & Brummett 0 Within DentonField: East Newark (Barnett Shale)Total Depth: 8800'

Lease: Smith-Yorlum UnitOperator: Eagleridge Operating LLCLocation: 329.7-acre lease, M. Bryan, A-148; 4.2 milesNW of DentonField: East Newark (Barnett Shale)Total Depth: 8800'

OIL AND GAS LISTINGS| CONTINUED FROM PAGE 19

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Vital Statistics

Al Ferrara and Chris Goodridge, NTX Cyclones, 6201English Saddle Lane, DentonAlyssa Marie Vieira, A+ Virtual AdministrativeSolutions, 6701 Wellston Lane, DentonBrett Becker, Shredded Labs, 3921 E. McKinney St.,Suite No. 7, DentonCarol J. Rose, Creatives by Carol, 9104 Kingston Trace,DentonChauntell Copeland, Christiano's Shoes, 111 ColoradoDrive, No. 1324, DentonChristie A. Wood, Noted Vocals, 513 Bolivar St., DentonDaniel R. Salas Jr., Dan's Painting and SpecialtyFinishes, 3101 Twilight St., DentonEduardo Perez, Iglesia Centro de Restauraeion Yo Soy,1807 N. Elm St., DentonEsmeralda Gutierrez, R & E Drywall LLC, 5505 FishtrapRoad, No. 1, DentonEvan Don Maier, Tekton Wood Designs, 1003 Thomas

St., DentonEvelyn Pitre, KC Realty, 2810 Nottingham Drive, DentonFernando Heredia and Zachary M. Barber, SpartanSupplements, 705 Cook St., DentonJames Whaley, D & B Manufacturing, 8809 Compton St.,DentonJason Brent Early, Jason Early's Merchandise, 507Magnolia St., DentonJeff Henderson, Denton Regional Urgent Care Center,2520 W. University Drive, Suite 1154, DentonJohn Prater, Jeffries Electric, 316 Westway St., DentonJonathan R. Denney, SAFE Software, 3221 Como LakeRoad, DentonK.J. Environmental Management, KJE, 109 S. OaklandSt., DentonKathy Glasschroeder, The Glasschroeder Agency, 100 W.Oak St., DentonKathy Pinarski, U-Checked, 1901 Moonlight Drive,

ASSUMED NAMESThe following names (followed by DBA and address) were posted in December in the Denton County Clerk’s Office.

NAME — DBA/ADDRESS NAME — DBA/ADDRESS

DentonLaura Del Angel, Del Angel Denton Construction, 9100Teasley Lane, DentonMarci Martinez, Marci Martinez Attorney At Law, 3525Stanford Drive, DentonMartha Ann Hooten, Hootens Buff-N-Wax Floors, 1728Cordell St., DentonMichael and Rebecca Boodt, Holistic Massage Center,207 W. Hickory, Suite 207, DentonMichael Valderas, Quality Touch Home Repairs, 375 S.Shady Shores Road, DentonOfelia G. Beltran, Salud Y Vida Healthy Living, 316Dallas Drive, DentonPaula Davis, Paula's Canine Academy, 4634 Farris Road,DentonRebecca Beck, Green Eagle Stafing, 2409 Charlotte St.,No. 5, DentonRichard Haskins and Jacquelyn Stevenson, Solid StateTransformations, 1920 W. Oak St., DentonRichie Dye, Cool Pop Productions, 1721 Crow St.,DentonRobert Rice, T.T. Millworks, 2321 Masch Branch Road,

NAME — DBA/ADDRESS

| CONTINUED ON PAGE 22

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Page 22: January Denton Business Chronicle 2013

Suite 311, DentonRobert Rice, Texas Tables, 2321 Masch Branch Road,Suite 311, DentonScott J. Warren and Heather Barahona, Koan School,2001 Loon Lake, Denton

Seth Malley, Knight Drivers, 418 W. Congress St., Apt.7, DentonSharon Kremer, Downsizing Moving, 3574 Pine Trail,DentonSimon Bland, Si'z, 1776 Teasley Lane, Suite 103, DentonTaiwana White, From Tha Heart Catering, P.O. Box51702, Denton

Tonya Toomer, Superior Commercial Cleaning, 2619 Ft.Worth Drive, DentonToryn Haynes and Kent Barrow, Funk Y Beard, 624 W.University Drive, No. 158, DentonTransmission Discounters, Road Runner Transmissionand Auto Care, 2311 I-35E, DentonTurner and Evan Ross, AWA Studio, 206 Shahan Drive,DentonVictor M. Rodriguez Jr., Periodico El Dia, 1300 BayfieldDrive, DentonVincent L. Silmon, Buzz Exposure Marketing, 4012 SanLorento Drive, Denton

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75034Jose D. Arambula, A3-Sales, 1613 Knight Trail, LittleElm

75065Maria Medina, Taqueria El Palomino, 3730 FM2181,Hickory CreekMaria Medina, Taqueria El Palomino, 3730 FM2181,Hickory Creek

75068Anastasia Morgan, Sweet Pea and Peony, 2157 KiowaCourt, Little ElmAnastasia Morgan, Sweet Pea and Peony, 2157 KiowaCourt, Little ElmDeloris Ann Francis, Country Crafts, 1220 Garza Lane,Little Elm Deloris Ann Francis, Country Crafts, 1220 Garza Lane,Little Elm Heather Sullivan and Jennifer Stanford, Sassy ChicBoutique, 2708 Ocaso Drive, Little ElmIndulge Your Senses Inc., Indulge Your Senses Inc.,

2600 Still Springs Drive, Little ElmJamian Mason, True Life Performance, 1709 NighthawkDrive, Little ElmJerry David Howard Jr., Juniors Audio and Video, 2353Elm Valley Drive, Little ElmK & M Appliance, K & M Appliance, 1220 Lake HavenDrive, Little Elm La'keesha D. Mote, Blue Orchard Technology, 2629Mariners Drive, Little Elm La'keesha D. Mote, Blue Orchard Technology, 2629Mariners Drive, Little ElmMillenia Construction Company of Texas Inc., MilleniaConstruction Company of Texas, 2401 Spruce Court,Little Elm Millenia Construction Company of Texas Inc., MilleniaConstruction Company of Texas, 2401 Spruce Court,Little Elm Mohammad Iqbal, A-One Title Service, 2820 QuietwaterDrive, Little Elm Mohammad Iqbal, A-One Title Service, 2820 QuietwaterDrive, Little Elm Travis Brent Wilson, Proof Photography, 2505 Red Oak

Drive, Little Elm Travis Brent Wilson, Proof Photography, 2505 Red OakDrive, Little Elm

762017-Eleven Inc., 7-Eleven Convenience Store No. 36057,235 W. Hickory St., DentonTriniti LLC, Viet Bites, 702 S. Elm St., Denton7-Eleven Inc., 7-Eleven Convenience Store No. 36057,235 W. Hickory St., DentonTriniti LLC, Viet Bites, 702 S. Elm St., DentonNatromchalee Sumpaongoen McFarlane, NatromchaleeMcFarlane, 1423 Malone St., DentonNew Cingular Wireless PCS LLC, AT&T Mobility No.D192, 2520 W. University Drive, Suite 1180, DentonSanger Business Operation LLC, The Bowllery, 901 Ave.C, Suite A

762057 Recycling Inc., 7 Recycling Inc., 1100 S. WoodrowLane, Denton7 Recycling Inc., 7 Recycling Inc., 1100 S. WoodrowLane, DentonAlena H. Veteto, Beadtanical Garden, 2006 Camellia St.,DentonAlena H. Veteto, Beadtanical Garden, 2006 Camellia St.,DentonBrian Nguyen, Asiana Café, 2201 S. I-35E, Suite S8,DentonBrian Nguyen, Asiana Café, 2201 S. I-35E, Suite S8,

DentonCherry Hill Photo Enterprises Inc., Cherry Hill Photo No.483, 2201 S. I-35E, DentonCherry Hill Photo Enterprises Inc., Cherry Hill Photo No.483, 2201 S. I-35E, DentonDiego A. Esquivel, Computadoras Diego, 301 DallasDrive Suite 125, DentonJorogumo Nephila LLC, Zinis, 1776 Teasley Lane, Suite103, DentonSinnisun LLC, Sinnisun LLC, 1408 Teasley Lane, Apt.314, DentonSwansea Jack Companies Inc., Swansea Jack CompaniesInc., 2905 Pennsylvania Drive, DentonSwansea Jack Companies Inc., Swansea Jack CompaniesInc., 2905 Pennsylvania Drive, Denton

76207Cool Screens Texas LLC, Cool Screens Texas LLC, 9512Ravenwood Drive, DentonCore Karting, LLC, Core Karting, LLC, 1405 ConstantinaDrive,Denton

76208Amy Lentz, Wine Rac Décor, 4203 Boxwood Drive,DentonAntonio C Moran, La Factory Trading Co., 2105 QuailRun Drive, CorinthAntonio C Moran, La Factory Trading Co., 2105 QuailRun Drive, Corinth Deborah Henkes, Santa's Closet, 409 Lakeview Blvd.,Denton

Linda M. McNatt, Jujubelle Jewelry, 595 S.Trinity Road, DentonLinda M. McNatt, Jujubelle Jewelry, 595 S.Trinity Road, DentonPlan It Storage Management LLC, Plan-It Storage, 520Blake Lane, DentonPlan It Storage Management LLC, Plan-It Storage, 520Blake Lane, DentonScott Walter Ebbert, KE Design, 7204 Desert WillowDrive, DentonTurner Ross and Evan Toss, Awa Studio, 206 ShahanDrive, Shady Shores

76209Dennis Bailey, Bailey Music Systems, 1013 Mack Place,DentonJo A. Holloway, Jo Mama's Concession, 800 LagunaDrive, DentonRobert E. Lee Elementary Parent-Teacher Association,Robert E. Lee Elementary Parent-Teacher Association,800 Mack Drive, DentonRobert E. Lee Elementary Parent-Teacher Association,Robert E. Lee Elementary Parent-Teacher Association,800 Mack Drive, Denton

76210Cheryl W. Mcqueen, Expressive Creations, 5802 GreenIvy Road, DentonCheryl W. Mcqueen, Expressive Creations, 5802 Green

SALES TAXThe following sales permits were issued by the State Comptroller’s Office for December. 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.

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Lake Cities Post No 88 America, 105 Gotcher Ave., LakeDallas, $2,272.34 Lake Cities Post No 88 America, 105 Gotcher Ave., LakeDallas, $2,499.00 Lake Dallas Point Restaurant, 303 Swisher Road, No.100, Lake Dallas, $3,667.30 Lake Ray Roberts Area Elks Lodge, 1601 Marina Circle,Sanger, $343.14 Lake Ray Roberts Area Elks Lodge, 1601 Marina Circle,Sanger, $236.32 Lantana Golf Club, 800 Golf Club Drive, Argyle,$2,661.96 Los Charros, 2763 E. Eldorado Parkway, Suite 105,Little Elm, $869.96 Los Jalapenos Restaurant, 420 W. Eldorado Parkway,Little Elm, $143.36 Los Toreros Restaurant, 2900 Wind River Lane, Suite134, Denton, $2,800.00 Love Shack, 113 E. Hickory St., Denton, $0Lowbrows Beer and Wine Garden, 200 W. WashingtonSt., Pilot Point, $416.50 Lucky Lous, 1207 W. Hickory St., Denton, $25,208.54 Lucky Lous, 1207 W. Hickory St., Denton, $22,650.18 Mable Peabody's Beauty Parlor, 1125 E. UniversityDrive, Suite 107, Denton, $3,316.18 Mellow Mushroom, 217 E. Hickory St., Denton,$4,647.72 Meritt Ranch Beverages Limited, 2946 Ganzar Road,Denton, $1,489.88 Metzlers Food and Beverage Inc., 1251 S. Bonnie BraeSt., Denton, $903.00 Mexi-Go Restaurant, 2831 Eldorado Parkway, Suite 112,Little Elm, $999.74 Mi Sueno Club, 2648 FM407E, Suite 150, Bartonville,$2,954.00 Mi Taza Latin Tex-Mex Café, 5017 Teasley Lane, Suite101, Denton, $705.88 Miguelito's, 1521 E. McCart St., Krum, $1,070.30 Miguelitos, 1412 N. Stemmons St., No. 178, Sanger,$1,835.82 Norman Heitz Memorial Post 104, 501 Thompson, LakeDallas, $1,759.10 Oak Street Drafthouse Club, 308 E. Oak St., Denton,$14,775.74 Oakmont Country Club, 1200 Clubhouse Drive, Corinth,$4,751.74 Ollimac Company, 1400 Corinth Bend, Suite 103,Corinth, $922.32 On The Border, 2829 S. I-35E, Denton, $5,437.18 Outback Steakhouse, 300 S. I-35E, Denton, $4,750.76 Pedro's Tex Mex & Grill, 209 S. Washington St., PilotPoint, $0Pei Wei Asian Diner, 1931 S. Loop 288, Suite 130,Denton, $189.00 Phil Miller Post No. 2205, 909 Sunset St., Denton,$2,002.00 Pourhouse Sports Grill, 3350 Unicorn Lake Blvd.,Denton, $4,863.04

Prairie House Restaurant, 10001 Highway 380, CrossRoads, $1,713.32 Red Lobster No. 6349, 2801 S. I-35E, Denton, $2,500.82 Reunion On The Square, 106 N. Trinity St., Decatur,$426.30 Reunion On The Square, 106 N. Trinity St., Decatur,$115.64 Ringers, 807 Eagle Drive, Denton, $1,420.86 Riprock's, 1211 W Hickory St., Denton, $13,167.70 Rockin' Rodeo, 1009 Ave. C, Denton, $12,391.68 Rocky's Sports Bar, 2000 W. University Drive, Denton,$4,599.14 Rooster's Roadhouse, 113 Industrial St., Denton,$5,571.16 Rosa's Cafe & Tortilla Factory, 1275 S. Loop 288,Denton, $324.38 RT's Social Club Inc., 1100 Dallas Drive, Suite 124,Denton, $14,097.72 Rubber Gloves, 409 E. Sycamore St.,Denton, $2,152.50 Rubber Gloves, 409 E. Sycamore St., Denton, $1,358.84 Ruby-Jeans Social Club Inc., 309 N. FM156, Ponder,$968.38 Schmitty's, 407 W. Eldorado Parkway, Suite 1, LittleElm, $349.02 Scooters Tavern, 6481 FM455, Sanger, $2,153.90 Sushi Café, 1401 W. Oak St., Denton, $111.02 Sweetie Pie's Ribeyes, 201 W. Main St., Decatur,$638.82 Sweetwater Grill & Tavern, 115 S. Elm St., Denton,$7,186.76 Swishers, 501 E. Swisher Road, Lake Dallas, $0Texas Land & Cattle Steak House, 8398 S. StemmonsFreeway, Hickory Creek, $2,863.00 Texas Roadhouse, 2817 S. I-35E, Denton, $6,430.62 The Abbey Inn Restaurant & Pub, 101 W. Hickory St.,Denton, $7,346.22 The Aztec Club, 720 W. University Drive, Denton,$2,377.06 The Bears Den, 11670 Massey Road, Pilot Point, $0 The Garage, 113 Ave. A, Denton, $6,937.84 The Green House, 600 N. Locust St., Denton, $4,033.12 The Labb Club, 218 W. Oak St., Denton, $5,709.90 The Lion's Den, 2700 E. Eldorado Parkway, Suite 250,Little Elm, $1,983.66 The Olive Garden Italian Restaurant, 2809 S. I-35E,Denton, $3,319.12 Three Fins Seafood Grill, 2303 S. I-35E, Denton,$1,083.74 University Lanes, 1212 E. University Drive, Denton,$1,921.50 Verona Pizza Italian Restaurant, 201 Loop 81/287N,Decatur, $168 Villa Grande Mexican Restaurant, 12000 US Highway380, Suite 100, Cross Roads, $2,641.24 Villa Grande Mexican Restaurant, 2530 W. UniversityDrive, Suite 114, Denton, $1,773.38 Vitty's Club Inc., 1776 Teasley Lane, Suite 102, Denton,$3,735.06 Wild Horse Grill, 9400 Ed Robson Circle, Denton, $3,108Wing Town, 4271 FM2181, No. C316, Corinth, $0

MIXED BEVERAGE TAX LIENSThe following liens were posted in December at the Denton County Clerk’s office.

RELEASE OF STATE TAX LIENSNAME/ADDRESS TYPE AMOUNT REC. DATECrazy Horse Saloon and Dance Hall, 1302 E. Windsor Drive, Denton Mixed Beverage Gross Receipts Tax $1,406.83 12/10/2012Geek On Wheels Inc., 1900 Cornell Lane, Denton Fanchise Tax $1,390.47 12/19/2012

FEDERAL TAX LIENSNAME/ADDRESS TYPE AMOUNT REC. DATEAgustin Rivas Cuellar, 1427 Knight St., Denton 1040 $58,187.12 12/11/2012Allan J. and Holly S. Rosenbaum, 2022 N. Locust St., Denton 1040 $23,160.98 12/28/2012Barry R. Jacobs, 2520 Natchez Trace, Denton 940,941 $2,307.48 12/19/2012Byron H. Byrom, P.O. Box 720, Denton 1040 $23,331.16 12/11/2012Daniel M. and Melanie A. Quirk, P.O. Box 142, Denton 1040 $2,463.51 12/19/2012Daniel M. Quirk, P.O. Box 142, Denton 1040 $26,389.93 12/19/2012Mount Calvary Baptist Church, 1111 Wilson St., Denton 944 $2,953.05 12/04/2012

RELEASE OF FEDERAL TAX LIENSNAME/ADDRESS TYPE AMOUNT REC. DATEBeimler Logistics Inc., 1920 Lariat Drive, Denton 941 $1,496.73 12/11/2012Gerald L. Demarsh Jr., P.O. Box 153, Denton 1040 $7,533.77 12/28/2012Halsey Engineering and Manufacturing Inc., 209 N. Mayhill Road, Denton 1120 $2,340.00 12/28/2012Kenneth L. and Melinda K. Oneal, 217 McKamy Blvd., Denton 1040 $942.58 12/19/2012Lonn J. Small Wood, 10055 St. Johns Road, Pilot Point 1040 $2,552.69 12/28/2012Manuel Perez, 324 E. McKinney St., Suite 102, Denton 941 $203.25 12/28/2012Michael P. and Natalie N. McDonald, 309 Cherokee Trail, Argyle 1040 $38,906.55 12/19/2012Michelle D. Hartung, 1114 W. Hickory St., Apt. D, Denton 1040 $8,901.11 12/06/2012Oid J. Johnson, 916 Monterey Drive, Denton 1040 $601.13 12/19/2012Richard M. and Jaime M. Dolgener, P.O. Box 457, Denton 1040 $11,924.63 12/19/2012

MECHANICS LIENSNAME/ADDRESS CONTRACTOR AMOUNT REC. DATEDavid C. and Mary J. Mathias, 7808 Oak Creek Lane, Denton John Schedcik Custom Homes $369,148.00 12/14/2012Lance J. and Michelle D. Sandmann, 106 Everett Court, Shady Shores Gold Medal Pools and Spas $69,917.00 12/10/2012Leroy and Roxann Brennfoerder, 522 Village Way, Argyle Craftsman Village Homes $289,290.00 12/28/2012Michael A. Ingle, 3971 Summit Ridge, Corinth Quick Set Concrete Inc. $173,124.00 12/27/2012Richard L. and Jennifer Bodo, 3913 Maggies Meadow, Denton Century Custom Homes $285,000.00 12/11/2012Richard L. and Jennifer Bodo, 3913 Maggies Meadow, Denton BMR Pool & Patio $53,500.04 12/11/2012Richard L. and Jennifer Bodo, 3913 Maggies Meadow, Denton Century Custom Homes $10,000.00 12/11/2012William R and Sheila M. Roepka, 2801 Spencer Road, No. 1108, Denton PPL LP $315,000.00 12/17/2012

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Vital Statistics

ASSUMED NAMES

NAME — DBA/ADDRESS

| CONTINUED FROM PAGE 21NAME — DBA/ADDRESS

NAME — DBA/ADDRESS

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DentonBusinessChronicle

Serving Denton and the Surrounding

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Vital Statistics

Ivy Road, DentonDecor To Your Door Texas LLC, Decor To Your Door TexasLLC, 4251 FM2181 No. 230332, Corinth Goel Ventures LLC, Express Lane Exxon, 3628 S. I-35E,DentonGoel Ventures LLC, Express Lane Exxon, 3628 S. I-35E,DentonHolly Ann Walker, Holly Hobby Designs, 2216 MirandaPlace, DentonJhinuk Chowdhury, Digital Voyages, 1720 Andover Lane,Corinth Js & Ys Inc., JFE Partnership K570-1, 5021 TeasleyLane, DentonMcdonald's Restaurants of Texas Inc., Mcdonald'sRestaurants of Texas No. 5966, 5016 Teasley Lane,DentonS & J Embroidery LLC, S & J Embroidery LLC, 3704Windsor Parkway, Corinth Salon Rene' Inc., Salon Rene, 3691 FM2181 Suite B,Corinth Telequery.Net Inc., Telequery.Net Inc., 3409 Paint Drive,Denton

76226Brandon Pfaffly, Insteel Metal Buildings, 9801Macaway Drive, Argyle

76227Angela A. Wright, Taste of Excellent, 1804 MarlinDrive, AubreyAngela A. Wright, Taste of Excellent, 1804 MarlinDrive, AubreyChristy D. Brown, Chris Cross Design Company, 8716Wagon Trail, Cross RoadsChristy D. Brown, Chris Cross Design Company, 8716Wagon Trail, Cross Roads, Melco LLC, Clint's BBQ, 921 S. Highway 377, CrossRoadsMelco LLC, Clint's BBQ, 921 S. Highway 377, Cross

RoadsMichelle G. Peterson, Beach Bottles, 106 Jenny Lane,AubreyPhillip N. Moreino, Same Day Mattress, 9930 USHighway 380, Cross RoadsRyan Alan Roberts, Rhino Overhead Door, 1904 CabreraDrive, AubreyShakira Ford, Kira's Shoppe, 1315 Canvasback, AubreySonufive LLC, Chaparral Liquor, 708 S. Highway 377,Cross RoadsSonufive LLC, Chaparral Liquor, 708 S. Highway 377,Cross RoadsUpper Park Cafe LLC, Upper Park Cafe LLC, 6740Blackjack Oaks Road, Aubrey

76234Aleshea Nobles, Sweetwater Baking Company, 112 W.Walnut St., Decatur Chester Jordan Et Al, Shear Precision, 402 Fossil RidgeRoad, Decatur Coleman Exterminating Inc., Coleman ExterminatingInc., 4144 US Highway 380, Decatur Doggett Specialty Produce LLC, Doggett SpecialtyProduce LLC, 911 County Road 4227, Decatur Doggett Specialty Produce LLC, Doggett SpecialtyProduce LLC, 911 County Road 4227, Decatur Geneva M. Cockrell, Proline Design, 301 S. WashburnSt., Decatur Ronald Dean Walker, Texas Trikes, 706 County Road4127, Decatur Ronald Dean Walker, Texas Trikes, 706 County Road4127, Decatur Rooster's Roadhouse Decatur Club, Rooster'sRoadhouse Decatur Club, 106 N. Trinity St., Decatur Rooster's Roadhouse Decatur Inc., Rooster's RoadhouseDecatur, 106 N. Trinity St., Decatur

76249Jennifer L Coffey, Oops E Daisy, 5536 Odneal Road,Krum Jennifer L. Coffey, Oops E Daisy, 5536 Odneal Road,

Krum Krum Society of Historic Preservation, Krum Society ofHistoric Preservation, 150 W. McCart St., Krum Mandy Lyn Smith, Two Awkward Turtles, 907 ClearviewSt., Krum Tammy Lynn Flatt, Tammy Flatt, 13384 Pruett Road,Krum

76258Pilot Point Tiger Mart No. 49, Pilot Point Tiger MartNo. 49, 1800 N. Highway 377, Pilot Point Seth Cummings, Of Mud and Coal, 300 W. White St.,Pilot Point Seth Cummings, Of Mud and Coal, 300 W. White St.,Pilot Point

762593MCW Construction Services LLC, 3MCW ConstructionServices LLC, 3562 Sweet Lee Lane, Unit A, PonderJenny Lee Taylor, Guinevere's Gems, 543 Del Mar Drive,PonderJenny Lee Taylor, Guinevere's Gems, 543 Del Mar Drive,Ponder

76266June Elena Bell, Bell's Collections/Antiques, 806 UtilityRoad, Unit A, SangerKatherine Elaine Berndt, Elaine Berndt, 12556 FM2450,SangerKatherine Elaine Berndt, Elaine Berndt, 12556 FM2450,SangerMiguel Alberto Martinez, Planet Donuts, 617 N. 10thSt., Suite 204, SangerNatalie Denise Charles, Nat's Nick Knacks, 208 N. 10thSt., SangerPamela Sue Teague, Knotty Things, 8938 Cripple CreekCourt, SangerPamela Sue Teague, Knotty Things, 8938 Cripple CreekCourt, SangerSanger Basketball Booster Club, Sanger BasketballBooster Club, 100 Indian Lane, SangerSanger Parent Teacher Organization, Sanger ParentTeacher Organization, 812 Keaton Road, SangerWilliam L. Elshire, Elfshire Furniture & Toys, 12721Blakely Lane, Sanger

SALES TAX| CONTINUED FROM PAGE 22

Certificates Of OccupationBrad’s Towing Service, 2401 Worthington Drive, No. 109Koko’s Hair, 2436 S. I-35E, No. 350Lifepoint Chiropractic, 4236 N. I-35North Texas Vapor Shop, 347 E. Hickory St.Sykes-Vaughan Investments900 Willowood St., Building 1900 Willowood St., Building 2900 Willowood St., Building 3900 Willowood St., Building 4900 Willowood St., Building 5

Commercial AlterationAmanda Mandate LLC, 121 Ave. AAmerican Tower, 2411 N. Elm St.CASA Denton County, 614 N. Bell Ave.CNL Retirement CRS, 2801 S. Mayhill RoadDenton Family Medicine, 1206 Bent Oaks Court, No. 200Good Samaritan Society3901 Montecito Drive3901 Montecito Drive, No. 801-8043901 Montecito Drive, No. 805-8083901 Montecito Drive, No. 8093901 Montecito Drive, No. 817-8203901 Montecito Drive, No. 821-8233901 Montecito Drive, No. 824-8253901 Montecito Drive, No. 826-831

JDFIU HQ LLC, 501 W. Hickory St, No. 101Pie Five Pizza Co., 1120 W. Hickory St.RLC Holdings, 725 S. I-35E, No. 152Select Rehab Hospital, 2620 Scripture St.Tommy’s High Tech Automotive, 620 Fort Worth DriveVerizon, 2219 S. Loop 288, No. 108

Commercial

Advantage Storage, 4205 Teasley LaneArgyle United Methodist, 9033 Fort Worth DriveGTM Development, 2201 S. I-35E

ResidentialDR Horton Texas Ltd.1112 Central Village Drive1205 Central Village Drive1220 Nora Lane1225 Nora Lane3100 Stonecrop Trail3101 Buckthorn Lane

Forestar Real Estate Group3212 Glen Crest Lane7312 Desert Willow Drive7316 Desert Willow Drive7324 Desert Willow Drive8401 Bishop Pine Road

Robson Ranch Development LP11617 Southerland Drive11620 Parkcrest Drive9533 Crestview Drive

Robson Ranch (GC)10520 Countryside Drive11636 Southerland Drive11808 Clemson Drive8808 Landmark Lane

Sheperd Place Homes Inc.1004 Tallahassee Drive

Tuscan Ventures Ltd.3009 Montebello Drive

BUILDING PERMITSThe following building permits were issued by the Denton Planning and Development department in December.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.

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