February Denton Business Chronicle 2020 by Denton Media Company

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February 2020

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Baking up creativity Convenience, demand lead to cookie-based businesses in Denton By Ryan Higgs For the Denton Record-Chronicle

Elizabeth Hassett, 27, has always had a fondness for the creative side of cooking and a passion for decorative baking. When she was growing up, Hassett would spend Saturday mornings in front of the TV watching Julia Child’s cooking shows instead of cartoons. In high school, she began working at a mom-and-pop bakery called Creative Memories, where she learned the art of cake decoration. Hassett, who operates her at-home style bakery, Elizabeth Bakes, out of her Bolivar Street kitchen near the Square, takes pride in what she refers to as “edible art” that’s taken off in Denton social media circles. “You know, I really do not like working, but I like doing this,” she said. “There’s not a lot of money involved, but it’s a labor of love. And you get to work with your hands and you get to make something that [people enjoy].” The business is part of a growing cookie market in North Texas, with two successful chain cookie stores and a third cookie storefront, The Cookie Crave, set to open next month near downtown. Hassett grew up on Betty Crocker and Pillsbury rather than her grandmother’s recipes. While she was more than capable of decorating cakes, she wanted to broaden her culinary horizon, she said. About three years ago, she was working at Recycled Books on the Square, where recurring questions came to mind. “How do I make a cookie?” Hassett recalled. “How do I make a cake from scratch? How do I perfect it?” Whenever she wasn’t working at Recycled, she was baking. “It always goes back to baking,” Hassett said. Back then, she said she spent a significant amount of time watching tutorial videos online, which allowed her to perfect her recipes from the cookie to the icing itself. From there, Hassett said she started

handing out cookies and other baked goods to her friends and co-workers at Recycled. Soon after that, word of mouth began to spread about her cookies, she recalled, and next thing she knew she had found a commercial kitchen job and then went to work at a bakery in downtown Dallas. For Hassett, she said that while it had been a goal of hers as a baker to broaden her skill set, there was never an intention of owning her own business. But when she opened her own business last year, thanks to the Texas Cottage Food Law, she said “it just kind of happened” and that the decision chose her. “I quit my job after Christmas last year, and I was just tired of the 9-to-5 and the drive to Dallas,” Hassett said. “I had been doing the exact same thing BAKING | CONTINUED ON PAGE 3

Photos by Ryan Higgs/For the DRC

Denton resident Elizabeth Hassett, owner of Elizabeth Bakes, displays a box of her signature hand-decorated cookies Saturday morning outside Golden Boy Coffee. Hassett said her designs featuring pop culture references — such as Tina Belcher quotes from “Bob’s Burgers” — have been bestsellers.

Denton home prices spike to new highs

enton home prices jumped to record highs in January, defying the typical seasonal weakness that would accompany a normal real estate market.

Aaron LAYMAN | By Jenna Duncan | Staff Writer jduncan@dentonrc.com

Denton has a new sandwich shop: Patriot Sandwich Company at 1507 S. Loop 288, Suite 203. The shop is covered in military decor and will host a grand opening ceremony Friday, Feb. 28, at noon. But it’s open now: 10:30 a.m. to 9 p.m. daily. By next week, we’ll also have a

new bar: Herf ’s Denton County Taphouse. The new spot is waiting to get a certificate of occupancy, and is in one of the new retail spots adjoined to WinCo Foods, 2655 W. University Drive. Once open, there will be an extensive beer and wine menu, and it’ll be the first bar concept at either side of Rayzor Ranch. DUNCAN | CONTINUED ON PAGE 2

COMMENTARY

Today’s real estate markets are anything but normal, but we’ll get to that in a moment. January home sales in Denton rose almost 20% while pending sales were 25% higher than this time last year. The median price of a Denton LAYMAN | CONTINUED ON PAGE 2

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How to transfer on death deeds

n 2015, the Texas Legislature adopted the Texas Real Property Transfer on Death Act (the “Act”) in Chapter 114 of the Texas Estates Code. The primary purpose of the act was to allow persons to be able to easily and inexpensively convey title to Texas real estate at death without using an attorney. The act includes a statutory form of a “transfer on death deed” or “TODD.” A TODD is revocable, which means that it can be undone or modified. A TODD is also a non-testamentary transfer, which means that it doesn’t pass into the transferor’s estate upon death. Because a TODD is revocable and non-testamentary, there is authority that the real estate being conveyed in a TODD is not subject to a Medicaid Estate Recovery Program (“MERP”) benefit denial or claim. Medicaid is a Texas state program administered by the Texas Health and Human Services Commission (“THHSC”) and receives money from the federal government. A person that applies for benefits under the Medicaid program is required to inform the THHSC of any assets that were disposed of within the 60 months preceding the application. Any assets that were disposed of during that time at less than fair market value may result in a penalty against the

Scott ALAGOOD | COMMENTARY

benefits that otherwise would have been available. Depending on the particular circumstances, that penalty may be assessed during the person’s lifetime as a denial of full or partial benefits or as a claim after death against such person’s estate. Because a TODD leaves complete control over the property in the transferor’s hands during lifetime, there is no value being conveyed to the beneficiaries which can be used as a MERP penalty. Furthermore, a TODD automatically conveys the interest in the real estate upon the transferor’s death. Therefore, the real property subject to the TODD is not in the transferor’s estate and not subject to a MERP claim after death. Section 114.106(b) of the act specifies that “real property transferred at the transferor’s death by transfer on death deed is not considered property of the probate estate for any purpose, including for purposes

of Section 531.077, Government Code [which relates to MERP claims].” A TODD will not affect a transferor’s right to convey the property, claim homestead exemptions, claim ad valorem tax exemptions, or to receive public assistance. A TODD will not affect a designated beneficiary’s existing interest in the property, subject the property to the claims of the beneficiary’s creditors, or affect a right to receive public assistance. Although a TODD will not affect an existing creditor’s security interest, it will not trigger a lender’s remedy to call a note due for a violation of the due on sales clause in a mortgage instrument. In order to comply with the act, a TODD must meet the following requirements: 1. Transferor must have the capacity to make a contract. 2. It must be created by the transferor and not through use of a power of attorney. 3. The real property must be located in Texas. 4. The transfer on death deed must: a. contain the essential elements and formalities of any other recordable deed; b. state that the transfer is to occur upon the transferor’s death; c. be recorded before the transferor’s death in the real property records of the county

in which the property is located; and d. have been executed on or after Sept. 1, 2015 (the effective date of the act). The act contains specific rules addressing how a TODD may be revoked. The act also sets forth specific rules about what the transferor is conveying and how it is being conveyed. Although the Legislature’s intent was to provide a simple and affordable method to transfer real estate at death, the rules set forth in the act are not necessarily simple. Without proper legal guidance, unintended consequences can be created which far outweigh the ease and low cost of using a TODD. Therefore, any potential transferor should take care to ensure that using a TODD doesn’t create more problems for the transferor during lifetime or for the beneficiaries following death. The information set forth herein was taken largely from an article titled Transfer on Death Deeds and Lady Bird Deeds published by Denise V. Cheney of Bickerstaff Heath Delgado Acosta LLC, in the State Bar of Texas 30th Annual Advanced Real Estate Drafting Course. R. SCOTT ALAGOOD is board certified in residential and commercial real estate law by the Texas Board of Legal Specialization and can be reached at alagood@dentonlaw.com and www.dentonlaw.com.

Celebrate women’s entrepreneurship this month

arch is Women’s History month — a time to reflect on and celebrate the tremendous contributions that women have made to our nation. From Madam C.J. Walker, the wealthiest African American self-made businesses woman in America at the time of her death; to Elizabeth Blackwell, the first woman physician in the United States; to poet, historian, author and civil rights activist Maya Angelou; to Supreme Court Justice Ruth Bader Ginsburg, women have significantly influenced health care, government, education, social justice and business development in America. It’s hard to believe that given the vital role of women in our history that it’s only been 32 years since women have had the right to utilize the most fundamental means to achieving financial independence. In 1988, H.R. 5050, known as the Women’s Business Ownership Act, leveled the playing field between men and women business owners by ending discriminatory lending practices by banks. It also addressed the basic needs of women entrepreneurs, such as eliminating the need for a male relative or husband to co-sign a business loan, the creation of Small Business Administration (SBA) Women’s Business Centers to provide training, mentoring, technical assistance, and created the National Women’s Business Council, a federal advisory board created to present policy advice about women small business issues to the president, Congress and the SBA. It has also resulted in the Census Bureau being required to include women business owners in its census survey. Thanks in part to H.R. 5050, as well as National Association of Women Business Owners (NAWBO) who supported the act, the future for women-owned businesses is very bright.

Shannon MANTARO | COMMENTARY

Just four years after the passage of the act, the number of businesses owned by women increased from 26% to 57%. Currently, there are an estimated 12 million businesses in the nation that are owned by women which have an economic impact of $2 trillion in sales and account for nearly 9 million jobs. And there is no indication that this trend is expected to slow down. As a matter of fact, one of the fastest growing sectors is with women of color. According to NAWBO, 5.4 million businesses in the country were owned by women of color, which account for 2 million employees and $360 billion in sales. To support and encourage women-owned businesses in Texas to undertake new and innovative projects, Texas Woman’s University’s Center for Women Entrepreneurs (CWE) offers an annual microgrant program that awards 10 women-owned businesses $5,000 each to start or expand their businesses. So far, we’ve awarded 30 women with $150,000. I am pleased to announce that the CWE will soon launch an additional new grant program that will support innovative, highgrowth women-owned firms focused on the technology, medical, food science, agriculture, advanced manufacturing or energy industry. The grant award is $25,000 and will be awarded to 10 women in Texas. Be

U.S. Postal Service/AP file art

Madam C.J. Walker, a pioneer in beauty products for black women, was honored on a 32-cent postage stamp in the U.S. Postal Service’s Black Heritage Series in 2003. sure to watch twu.edu/cwe for the official announcement. As we honor our female trailblazers of the past, let us not forget that it is critical that women-owned businesses continue to receive the assistance and access to capital that they need to continue this incredible growth well into the future. SHANNON MANTARO is the director for the Texas Woman’s University Center for Women Entrepreneurs and can be reached at smantaro@twu.edu. For more information regarding TWU’s Center for Women Entrepreneurs, visit twu.edu/cwe.

DUNCAN | CONTINUED FROM PAGE 1

The new breakfast and lunch spot North Point Cafe is also officially open in the former home of Luigi’s, 2000 W. University Drive. The cafe is open from 7 a.m. to 2 p.m. Monday through Friday, and 7 a.m. to 2:30 p.m. on weekends. Willie’s Fantastic Sales has closed up shop at 2310 W. Oak St., after serving as Willie Hudspeth’s home base for several years. The secondhand store was known for having random goods posted outside, from

refrigerators to tricycles. The mural on the side of the building will continue on, though. Artist Dan Black is set to repaint it at the railroad underpass at Robertson Street and Bell Avenue. Dave’s Foreign Car Service also shut up shop at the end of January. Owner Robert Watkins penned an email telling customers that profits had dropped and so had the property’s condition, and he didn’t want to change rates. JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @jennafduncan.

LAYMAN | CONTINUED FROM PAGE 1

home rose 5.1% to a record $274,912 in January while the average price jumped 5.8% to $289,134. The median price per square foot of a Denton home jumped 9.6% to $137. The average price per square foot rose 8.6% to a record $139. While the local real estate industry will likely be celebrating these numbers as an economic success story, the inconvenient reality is that the latest reflation of the Dallas-Fort Worth housing market is first and foremost a consequence of the Federal Reserve tilt and endless liquidity being thrown at the markets. North Texas home sales and prices spiked higher across the board in January as the Fed’s liquidity fire hose continued to levitate asset prices. The DFW real estate market has been a direct beneficiary of that levitation game. The recent swan dive in mortgage interest rates in 2020 means the housing reflation we saw last year could continue to drive area home prices higher, despite prices already being detached from long-term fundamentals like wage growth. Affordability is already a problem in the DFW housing market, but Federal Reserve policies are making the situation even worse. As the Fed continues to fan the flames of asset price inflation, they are encouraging continued speculation in real estate markets while facilitating the depletion of affordable home inventory. The supply of homes in the Dallas-Fort Worth area dipped to 2.6 months. Available home inventory dropped 24% in Denton County to only 2.2 months of supply. The supply of homes in the city of Denton fell 18% to just 1.8 months of inventory. What we just experienced with North Texas real estate in January was a facsimile of a normal housing market. It was another reminder that U.S. housing markets are undeniably attached to Federal Reserve monetary policy. The current housing market is as warped, flipped and manipulated as those Iowa Caucus results. The good news is that low rates are providing a buffer to affordability issues with the local housing market. Single-family mortgage debt is not the giant world-ending bubble we saw prior to the Great Recession. Mortgage interest rates are dramatically lower, helping to make those monthly housing payments more manageable.

The last few weeks have seen a surge in demand for mortgage refinances as rates dropped to a 3-year low when the China coronavirus pandemic sent bond yields crashing. The flip side of this picture is the reality that U.S. consumers are not very healthy. The myth of the deleveraging U.S. consumer is just that — a myth. This means rates have to stay low to keep the dream alive. Any attempt by the Fed or the market to raise rates is going to be met with some rather unfortunate consequences, similar to what we saw at the end of 2018. Despite endless central bank liquidity, the velocity of the money supply (the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period) continues to fall. This should not be surprising, because Federal Reserve policies operate under the false premise of trickle-down theory. Fed officials don’t care what happens to average Americans, because working people are not the Fed’s primary constituents. Wall Street, and particularly Wall Street banks, continue to drive Fed policy. There is a reason the Federal Reserve is funneling billions of dollars each morning through Wall Street banks to prop them up. Without the endless liquidity and artificially low rates, the strong “economic fundamentals” narrative gets exposed for the mirage it really is. The entire growth story is now dependent on continued stimulus to support elevated (aka inflated) asset prices. This is the nature of the liquidity trap created by the Federal Reserve, and now exacerbated by the Powell Fed. If you are in the market to buy or sell a home, an extra dose of caution is certainly warranted. Each passing day the Fed refuses to let markets function in a normal manner simply creates even more imbalances in the system. The real estate market will eventually have to pay for the Fed’s continued policy errors. It is no longer a question of if, but when those consequences rear their ugly head. AARON LAYMAN is the owner-broker of Aaron Layman Properties LLC. Contact him at 281-935-2889, sales@aaronlayman.com or www.aaronlayman.com.

Calendar of Events Aubrey 380 Area Chamber of Commerce hosts networking luncheons the third Wednesday of the month at Prairie House Restaurant, 10001 U.S. Highway 380 in Cross Roads. Admission is $12 and includes a meal. Wednesday, Feb. 19, 11:30 a.m. Wednesday, March 18, 11:30 a.m.

Denton Black Chamber of Commerce meets the second Tuesday of the month at the

Denton Housing Authority, 1225 Wilson St., in the firstfloor conference room. Tuesday, March 10, 6 p.m.

Denton Chamber of Commerce hosts monthly business networking lunches at SpringHill Suites by Marriott, 1434 Centre Place Drive. The event costs $20 for members and $25 for nonmembers, including a buffet lunch. Friday, March 6, 11:30 a.m.

Denton Chamber of Commerce will host a government relations meeting at the chamber office, 414 W. Parkway St. The event is free and open to members only. Thursday, Feb. 20, 4 p.m.

Denton Chamber of Commerce will host “Grow with Google” livestream. This event focuses on business insights, and in one info-packed hour, will share how to use two pow-

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chamber.com/events. Lake Cities Chamber of Commerce hosts Small Business Breakfast meetings the second Tuesday of the month at PointBank, 3971 FM2181 in Corinth.

Wednesday, March 11, 10:45 a.m.

Tuesday, March 10, 8 a.m.

Lake Cities Chamber of Commerce holds coffee meetings at rotating businesses on Wednesdays at 8 a.m. Locations will be listed at www.lakecities-

Little D Open Coffee Club, hosted by TechMill, meets every other Tuesday at 8 a.m. West Oak Coffee Bar, 114 W. Oak St., to discuss technology and startups.

Tuesday, March 3, 8 a.m. Tuesday, March 17, 8 a.m.

Stoke and Techmill will host Open Data Day, a daylong event aimed at supporting cities and communities across North Texas who are investing and researching in new ways to improve the lives of everyday citizens through technology. The event will be at Stoke, 608 E. Hickory St. Saturday, March 7, 8:30 a.m.

Call or visit your local ﬁnancial advisor today.

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(940) 566-3232

erful (and free) tools that can help businesses make decisions using data. The event is free and open to the public. The livestream will begin promptly at 11 a.m., so plan to arrive a few minutes early.

Abe Nayfa, AAMS®

Financial Advisor Dr. Susan Aurich

We’re Here to HELP You!

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Financial Advisor 324 Sunset St. Suite 100 Denton, TX 76201 940-565-0100 Member SIPC

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February 2020

Coronavirus scare rattles markets “Health scares [are] historically ‘buying opportunities’ for stocks.” — Head of global and European equity strategy at JP Morgan, January 2020 ver the past month, investors have digested headlines that tempered enthusiasm from the strong 2019 finish. Trump impeachment proceedings, Sanders the Socialist’s success in early primaries and fears of a coronavirus pandemic have rattled expectations of improving global growth in 2020. Several parts of the market have been battered in particular response to the respiratory virus scare. Shipping markets, oil prices and global production activities have all been crushed. Dry bulk shipping rates, having risen nicely over the past few years off the industry’s 50-year lows in 2016, are now retesting those lows. Shipping rates have dropped 80% since this fall. The decline in oil prices has not been that severe, but Brent-crude prices have still fallen more than 20% since the end of 2019. Many oil stocks have declined much more. Recent data shows Japan is likely in a technical recession. The Euro-area manufacturing output declined by the highest percentage since the Great Recession with some economists now predicting Germany heading into a technical recession as well. Here in the U.S., things don’t seem to be that bad. Q4 GDP grew 2.1%, bringing the full year total to 2.3% growth. That is not bad for the 11th year of an expan-

sion. But some underlying trends were soft, namely that business investment fell for the third quarter in a row, mirroring some of the overseas trends. Even so, the jobs market remains tight, with jobless claims hitting multiyear lows. This labor market strength continues to bolster consumer sentiment as evidenced by various consumer confidence indices. The Bloomberg Consumer Comfort Index is approaching record highs as Americans are increasingly comfortable with their personal finances. With their finances in decent shape, Americans continue to go shopping (or order from Amazon), as evidenced by record highs in the Bloomberg Buying Climate Index. The most recent measures show the greatest improvements in sentiment were among Americans aged 55 and over, as well as those making under $15,000 per year. Perhaps the economy is working for broad swaths of the population after all. As noted in our opening quote, analysts at JPMorgan still hold a bullish view for stocks globally. In a recent research note, they stated past outbreaks (SARS, H1N1, Ebola, Zika) have served as buying opportunities, rather than the reasons for sustained selling. Fitch research seems to agree. According to Fitch Solutions, SARS (back in 2003) spread rapidly but was contained in six months. Air traffic slowed dramatically the first three months of the outbreak, but returned to baseline within six months and grew from there.

Jonathon FITE | COMMENTARY

This was also evident in various market measures. The S&P 500 fell about 10%, while airline stocks fell about 25%, in the first few months of the SARS outbreak. A few months later, those short-term declines were quickly recovered with gains to follow. Turning back to today, coronavirus is likely to be a significant global drag in Q1. China is a much larger part of the global economy than it was in 2003. Even so, China is ramping up dramatic stimulus measures. The U.S. Federal Reserve is also signaling a more cautious outlook with the potential for more rate cuts this year back on the table. The current market-based probability of two Fed rate cuts in 2020 has risen to 80%. This has implications for investors. First, we are likely to see continued volatility in the markets. Q1 earnings released between April and May will be depressed. In fact, earnings may be impacted through the end of Q2 (which will be reported in July and August). While the U.S. consumer may buoy market sentiment, big earnings misses

over the next few months will create waves. This may settle out by the fall, only to be met with the uncertainty of the presidential election. We advise investors to continue to stay invested, but to trim gains as positions run up and be ready to act when big bouts of fear return.

Some closing thoughts for savers ...

A decade ago, savers could safely earn 5% from government bonds and bank savings. With a million dollars in savings, investors could generate $50,000 of annual income. That would not support a lavish lifestyle, but, alongside Social Security payments, would help make many Americans comfortable in their retirement years. With long-term rates now closer to 2% than 5%, you need 2.5 million to collect that same $50,000 in annual income. So, people are saving more and more, often deploying most of those savings back into bonds. In the ’90s, bond funds accounted for only 10% of the $2.4 trillion that flowed into funds, according to the Investment Company Institute. Over last 10 years, a whopping 74% of the $2.7 trillion investors added went into bond funds. More and more money is chasing more and more bonds, creating a perverse echo effect that keeps rates low. To create a little juice in the portfolio, what’s not going into bonds is often directed to high-flying momentum

stocks propelled by low interest rates. An analysis by research group Market Ethos looked at 1-year returns for the S&P 500 index across all periods, depending on the starting valuation multiple of the index. If the market index traded at less than 11.4x aggregate earnings, the 1-year returns averaged 12.4%. Pretty good! If the starting trading multiple was between 11.4x and 14.9x, the 1-year returns were 12.7%. Even better! But, as the starting multiple gets higher, the returns decline. If the starting multiple is between 14.9x and 17.4x, the 1-year returns fall to an average of 10.4%. Still not bad. Once the starting multiple goes above 17.4x, the 1-year returns, on average, are negative. Not good. With the S&P index trading above 25x on a trailing 12-month basis, and above 19x on an expected forward 12-month basis, stock investors should be cautious, layering in hedges, building some cash and considering a tilt to “value,” which still offers compelling entry points. JONATHON FITE is a managing partner of KMF Investments, a Texas-based pure pay-for-performance hedge fund. Jonathon is also a professor with the G. Brint Ryan College of Business at the University of North Texas. This column is provided for general interest only and should not be construed as a solicitation or personal investment advice. Comments may be sent to email@kmfinvestments.com.

Cover Story BAKING | CONTINUED FROM PAGE 1

that I was doing here under the cottage law, but on my own time and my own creative direction. I can choose my customers, I get to do everything and not have to worry. It’s freedom.” Under the Texas Cottage Food Law, individuals like Hassett are allowed to sell certain foods made at in a home kitchen, rather than a commercial kitchen, and don’t have to comply with the Texas Food Establishment Rules. Health departments do not have regulatory authority to inspect a cottage food production operation, according to the Texas Department of State Health Services. However, packaging and labeling restrictions exist. In addition, Hassett noted that she isn’t allowed to sell her products to a commercial business. Hassett said that operating under cottage food law provides added benefits for her business. She saves money on rent by not needing a brick-and-mortar location, and she has a flexible schedule rather than having to keep a storefront open at specific times, which benefits customers. Although she works on average of 15 to 18 hours per day, she said the experience has been worthwhile. In the United States, high demand for convenience foods, driven by the availability of different options and an increase in disposable income, has created interest in cookies and cookie-centric storefronts. When Austin-based Tiff’s Treats expanded into the Denton market last year, it was a part of the company’s expansion into the Dallas-Fort Worth area, according to Pamela Shanks, a manager at the Denton location. “We have a couple more stores opening up in the fall,” Shanks said. “We honestly just want to reach out to as many cities as possible to have what we call ‘Warm Cookie Moments,’ where we are able to provide their orders.” Shanks said Tiff’s Treats’ primary competitor in Denton is Insomnia Cookies, a latenight cookie delivery chain that operates on Fry Street near the University of North Texas campus. She said that while most Tiff’s Treats locations are closed by 10 p.m., the college town storefronts remain open until midnight. “We also want to come out to college towns in that way,” she said. “Usually, we close at

Photos by Shaban Athuman/The Dallas Morning News

For 39-year-old Veronica Powell, owner of The Cookie Crave, expanding into Denton is about family. Her vegan-friendly and allergen- and nut-free cookie business is scheduled to open its storefront next month. 10 p.m., but a lot of college kids are up late, and we want them to make sure that we’re here and that you can have a midnight snack.” Shanks said that while Insomnia Cookies is a direct competitor, it ultimately boils down to customers and preference. For the cookie market, preferences and the viability of options have contributed to overall growth of the industry. For 39-year-old Veronica Powell, owner of The Cookie Crave, expanding into Denton is about family. Her vegan-friendly and allergen- and nut-free cookie business is scheduled to open its storefront next month. Powell is allergic to nuts, and her 4-year-old son cannot have gluten or dairy, so she developed The Cookie Crave’s

Ryan Higgs/For the DRC

Customers head out of Insomnia Cookies, a popular cookie and desserts shop on Fry Street near the University of North Texas campus. The bakery chain was founded in Philadelphia in 2003. products to be free of gluten, dairy, soy and nuts. “That’s why that product line was established,” Powell

said. “So, not only do we have allergen-friendly cookies, but we have a variety of different flavors, and they’re delicious —

Veronica Powell is allergic to nuts, and her 4-year-old son cannot have gluten or dairy, so she developed The Cookie Crave’s products to be free of gluten, dairy, soy and nuts. even if you don’t have an allergy condition.” She anticipates that her business will open by mid-

March at 519 S. Locust St. RYAN HIGGS can be reached via Twitter at @higgsUNT.

February 2020

Denton Record-Chronicle

Virus’s effect on tourism will carry into 2021, experts say By Nikki Ekstein Bloomberg

Even as infections of the novel coronavirus seemed to be slowing last week, the effects of the epidemic on the global tourism industry were accelerating rapidly. The impact of the pneumonia-like disease caused by the virus, called COVID-19, is already being felt across the Asian continent, where leisure and business travel contributed $884 billion to gross domestic product in 2017, the most recent year for which data has been compiled by the World Travel and Tourism Council. (Projections for 2018 are about $1 trillion.) For China alone, inbound tourism brought in $127.3 billion in 2019, according to the country’s tourism bureau. But as diagnoses tick upward again, travel agents, operators, and hoteliers are bracing for at least months, if not a full year, of economic disruption from the outbreak, with long-term effects that may ripple well into 2021. “The numbers of trip cancellations-not just to China but to the entire continent of Asia-is growing every day,” says Jack Ezon, founder and managing partner of luxury travel agency Embark Beyond. “People are put off. Sadly, a lot of them are just saying, ‘I don’t know if I want to go anywhere right now.’ Or, in many cases, ‘I’ll just go next year.’” So far, almost 75% of his travelers have canceled their February and March departures to Southeast Asian countries, which the U.S. Centers for Disease Control and Prevention still considers to have a lower, level one risk for coronavirus. “They’re worried about being anywhere close to the outbreak,” he says, “or of getting stuck with canceled flights if other hubs become infected.” A full 100% of the honeymoons his agency had booked to the region have been canceled and rebooked for alternate destinations including the Maldives, southern Africa and Australia. Hilton Chief Executive Officer Chris Nassetta told investors on Feb. 11 that he expects the impact of the new coronavirus to last anywhere from six to 12 months: “Three to six months of escalation and impact from the outbreak, and another three to six on recovery,” he said. He estimated the cost to his company could be from $25 million to $50 million. Why so long, if the medical community is beginning to send optimistic messages about the number of new cases? When it comes to leisure travel, the biggest question usually revolves around location, location, location.

Justin Chin/Bloomberg

People wearing protective masks ride an escalator at Galaxy Macau casino and hotel in Macau on Feb. 5. Once that’s been decided, weather dictates all. “North Asia you can do year-round, but Southeast Asia is much more challenging,” says Catherine Heald, co-founder and CEO of the Asia-focused travel specialist Remote Lands. “Thanks to monsoons and very hot temperatures in most of that region,” which last roughly March through September, “people aren’t looking seriously at rebooking until the fall,” she says. For families, school schedules can complicate plans. “We had one family looking at traveling over spring break, and they won’t have that same window of time until next year’s spring break,” she says. “They’re rebooking for 2021.” The same logic applies for those who specifically wanted to see cherry blossoms in Japan or flowers blooming alongside treks in Nepal — common reasons to plan a spring trip. Heald’s clients are among the most likely to help the industry rebound. So far her company has seen fewer cancellations than have her competitors because of the way she targets leisure and high-spending travelers. An average trip with Remote Lands costs $1,500 per day for two people, which makes her a purveyor of bucket-list vacations-trips that people are desperately hoping to realize.

“People spend a lot of time and money planning these trips,” she says. “They want to make it happen.” Her workaround so far has been to simply reroute airfares through unaffected hubs, replacing routes through Hong Kong or Shanghai with connections in Tokyo, Seoul or Dubai. The cost, she says, can range depending on availability of fares and type of tickets booked. “On a scale from 1 to 10, the disruption to our business has been about a 2 or 3,” Heald says, explaining that travelers’ willingness to postpone, rather than cancel, keeps her balance sheets mostly intact. Business in China was already low this year because of negative press about trade wars. Heald says only three out of 400 trips she booked last year were China-only. Ezon agrees: “China was a little soft this year for leisure anyway, and Hong Kong was a mess from July” and the ongoing protests there. The broader Southeast Asia region had been benefiting from the overflow, but that momentum is on hold. “People are canceling Sri Lanka and India just because it’s part of Asia,” Ezon says. Hotels understand travelers’ fears, nonsensical as they may seem. Many have extended gracious policies allowing people to change their plans throughout the Asia-Pacific region at no cost, as long as they rebook before

the 2020 festive season. Like Heald and her fellow travel specialists, many hotels are hoping to best retain their 2020 revenues and mitigate outright cancellations. That’s less of an option for operators such as Guy Rubin, founder of Imperial Tours, whose entire business is based on luxury trips to the Chinese mainland. “Obviously, we have had cancellations and postponements for January, February, and March,” he says. But even travelers with itineraries for October have been inquiring about cancellations. Others are in a holding pattern, waiting to see if the current strategy of quarantining people to contain the virus works. “If the containment strategy works, then I imagine people will be traveling in China again by summer,” Rubin says. “If it does not work, then I imagine it will take a year for people to regain trust in China.” Severe acute respiratory system (SARS) is one example the industry is studying for guidance. It took WHO roughly four months from the moment it announced a global alert about SARS until it said the disease was contained, and then an additional five months for the organization to wrap up its efforts to tally new cases. According to aviation analysts at AirInsight,

the SARS outbreak cost airlines $10 billion, and that was at a time when global business was less developed. If it similarly takes nine months for the COVID-19 outbreak to pivot into “recovery” status, which is consistent with the industry outlooks cited here, aviation will take a bigger hit. And it will take longer still for hotels and destinations to fully return to tourism levels before the disease’s spread. “Think about Fukushima,” Heald says, referring to the 2011 nuclear disaster at Japan’s Fukushima Dai-ichi nuclear plant. “People didn’t regain trust or interest in travel to Japan for years.” The flip side is that when they did, she says, there was such pent-up demand that it led to a boom in tourism: Overseas arrivals rose from 13.4 million in 2014 to 31.2 million in 2018. After many years of reassuring travelers they didn’t need to worry about radiation exposure, Japan suddenly became the fastest-growing destination in the world. Ezon agrees this tide will ebb and flow. “If SARS was bad, this will be worse,” he says. “But remember Ebola? It’s still in Africa, and safari bookings are stable. Remember chikungunya? Once the news cycle moves on,” he says, “people will forget. Just like everything else, it’ll bounce back.”

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Colo. pot shops find loophole in highway sponsorship signs DENVER (AP) — Cannabis companies are using a loophole in Colorado’s strict limits on marijuana advertising by sponsoring state highways and putting their names on roadside signs. Currently, 51 cannabis dispensaries, cultivators, manufacturers and edible producers sponsor roadways throughout the state, according to the Adopt a Highway Maintenance Corp. Although they represent less than half of all organizations that participate in the Clean Colorado program, their reach spans about 198 miles, or 66%, of the roads actively sponsored, The Denver Post reported. “The rules governing highway signs are in a different section than rules governing the cannabis industry,” said Nico Pento, government affairs director for Boulder-based Terrapin

Care Station, which operates six dispensaries in the Denver metro area. “The highway signs were a loophole that was overlooked.” Colorado Department of Transportation officials say the signs are not intended to be an advertising medium, but they have become a clever workaround for an industry with few other options. Oftentimes, they are strategically placed near exits where passersby can find the businesses. Colorado’s rules governing how and where cannabis companies can advertise are strict to prevent marketing messages from reaching minors. State regulators prohibit cannabis businesses from advertising on TV, radio and in print unless they can prove the audience is predominantly 21 and older. Digital and social media platforms are even more restrictive.

February 2020

Stocks fall on Apple revenue warning By Alex Veiga Associated Press

U.S. stock indexes closed with mostly modest losses Tuesday as the market gave up some of its solid gains from the past two weeks. Banks and technology stocks accounted for most of the decline. The Nasdaq eked out a tiny gain that was good enough to nudge it to another record high. The selling, which lost some of its momentum in the final hour of trading, came as investors weighed the impact of the virus outbreak in China on Apple and other major companies. The tech giant said revenue will fall short of previous forecasts in the fiscal second quarter because production has been curtailed and consumer demand for iPhones has slowed in China. Apple’s stores there are either closed or operating on reduced hours. The iPhone maker is among the most notable companies to warn investors that the virus will hurt its financial performance. Medical device maker Medtronic also warned Tuesday that the virus outbreak will impact its quarterly results. “The longer this goes on, the

greater the focus is going to be on how much is this going to impact companies like Apple, which is considered not only a bellwether in tech but a bellwether for the market overall,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. The S&P 500 index fell 9.87 points, or 0.3%, to 3,370.29. The benchmark index remains just below its all-time high set on Friday. The Dow Jones Industrial Average slid 165.89 points, or 0.6%, to 29,232.19. It had been down as many as 281 points. The Nasdaq recovered from an early slide, inching up 1.57 points, or less than 0.1%, to 9,732.74. The Russell 2000 index of smaller company stocks fell 4.06 points, or 0.2%, to 1,683.52. European and Asian markets declined. Bond prices rose. The yield on the 10-year Treasury fell to 1.56% from 1.58% late Friday. Stocks opened lower Tuesday as U.S. markets reopened following the Monday’s President’s Day holiday. As in recent weeks, traders reacted to the latest developments in the viral outbreak that

began in China and has since infected more than 73,000 people. Most of of the cases and deaths remain centered in China. Businesses worldwide are increasingly caught in the economic fallout from the outbreak. The Beijing auto show, the industry’s biggest global event of the year, is being postponed indefinitely from its April date. Apple and Medtronic are only the latest notable examples of companies that have warned investors about the economic impact of the outbreak on their financial performance. Technology and health care companies have been the most vocal about mentioning the new coronavirus in their earnings conference calls, according to FactSet. While Apple’s projected revenue miss took Wall Street by surprise, some analysts played down the long-term impact of the iPhone production delay on the company. In a research note Tuesday, Canaccord Genuity analyst Michael Walkley said that Apple continues to perform strongly across all business lines, including iPhone 11 demand outside of China. Apple shares fell 1.8%, while

Medtronic slid 4%. Despite the ongoing uncertainty over the viral outbreak investors have been willing to buy back into the market after a dip. The S&P 500 has ended higher the past two weeks and is holding onto a 4.5% gain this month. For the most part, investors are betting that the economic fallout from the outbreak will be limited to the first three months of this year, Frederick said. But if companies signal that they expect lingering effects on their business into the second quarter, investors could become less eager to jump back into the market. ”There are just so many people out there that think every dip is a buying opportunity, and so far, they’ve been rewarded,” Frederick said. “We’re going to see that for a while, until we have a really big downturn and people really get hurt by it. We just haven’t had that in a long time.” Technology stocks accounted for a big slice of the selling Tuesday. Several chipmakers, which rely heavily on China for sales and supplies, fell. Intel dropped 1.7% and Broadcom slid 2.2%. AP Business Writer Damian J. Troise contributed.

Vital Statistics SALES TAX PERMITS The following sales permits were issued by the state comptroller’s office for January. The list includes the owner, name of business and address within ZIP codes 75068, 76201, 76205, 76207, 76208, 76210, 76226, 76227, 76249, 76258 and 76266. 75068 Sara McKeown, Starbell Boutique, 1729 Silverwood Lane Prestige Protection LLC, Prestige Protection LLC, 1100 Brendan Drive GPM Southeast LLC, 7-Eleven #4556, 26730 E. U.S. Highway 380, Suite 100 Sai Jai Cosmetics LLC, Sai Jai Cosmetics LLC, 3108 Horizons Drive Laponea Transport LLC, Laponea Transport LLC, 1405 Waterford Drive E-Longation LLC, E-Longation LLC, 2612 Elk Horn Drive Protechs RCS LLC, Protechs RCS LLC, 9724 Excursion Drive Jesus Lopez Cruz, Lopez Landscaping, 5949 Edgewood Place Met Go Inc., Kabuki, 100 Hardwicke Lane Sherry Peals, Sherry Lashiek Boutique, 1128 Horsemint Drive Chanelle Wilson, Confetti & Kindness Co, 2500 Sun Creek Drive Ottomatic Threads LLC, Ottomatic Threads, 2309 Bridgeport Drive Jami Hunt, Jami Hunt Photography, 905 Lone Pine Drive Srisai Frisco LLC, Curry District, 2304 Olivia Lane Timothy Anson McMillian, The Perfect Backyard, 2050 FM423 Apt. 5302 Amor Amra LLC, Amor Amra LLC, 944 Lake Grove Drive Mayra Navarro, M & M Maid Service, 2657 Island Bay Way L & S Signature Investments Inc., Lindy’s Signature Studio, 1224 Shell Beach Drive Eden Jardin Centre LLC, Eden Jardin Boutique Party Rentals, 2600 Costa Mesa Drive Gary Rock Jr., Rock & Stitch, 9800 Forester Trail T2 Outdoors LLC, T2 Outdoors, 1155 Highline Lane Graph Nexis LLC, Graph Nexis LLC, 961 Garnet Cove Jose Mabel Flores, Flores Western Wear, 125 Cottonwood Trail Janna Veenstra, Janna Veenstra Photography, 2417 Graystone Drive Rodney Taylor, R&A Vet Enterprise, 2713 White Pine Drive MLL Equipment Pros LLC, MLL Equipment Pros LLC, 15020 Spruce St. VR Bookkeeping LLC, VR Bookkeeping LLC, 9809 Trinity Drive Upstaged Homes LLC, Upstaged Homes, 2212 Gulfstream Drive Bryan Harris, Clark Sprinkler, 2113 Megan Creek Drive Virginia Hernandez, Abigail Arts, Crafts, Gifts & More, 3005 Colorado Drive Christina Pazera, Blushing Blackbird, 121 Mundelein Drive Jenn Maries LLC, Jenn Marie’s Childrens Apparel & Boutique, 909 Lone Pine Drive Tina Gonzalez, TNT Needleworks, 3537 Pinnacle Bay Point Hannah Miller, Interior Runway, 2050 FM423 Apt. 4607 76201 Denton High School Bronco Band Booster Club, Denton High Band

Boosters, 1007 Fulton St. Jadyn Amir Banks, Spice & Corporations, 200 S. Bonnie Brae St. Apt. 6202 Ryan Ayres, Ayres Edition, 1103 Bernard St. Apt. 321 Veronica Powell, The Cookie Crave, 519 S. Locust St. Titan Lock Services LLC, Titan Lock Services LLC, 207 W. Hickory St.b Suite 104 Texas Sunset Family Chiropractic LLC, Texas Sunset Family Chiropractic LLC, 324 Sunset St., Suite 200 Starwood Rayzor Ranch LLC, Starwood Rayzor Ranch LLC, 2530 W. University Drive Joe Alfredo Rivas, Joe’s Pyrographic Art, 1224 N. Bonnie Brae St. 76205 Smart 5G Communication LLC, Metro By T-Mobile, 2215 S. Loop 288, Suite 324 Elijah Tooling Inc., Elijah Tooling Inc., 1025 Shady Oaks Drive Close To Home Holdings LLC, Integrity Health And Education, 109 S. Woodrow Lane, Suite 500 Eduardo Xavier Villadiego, The Phone Plug, 1610 Teasley Lane, Suite 104 Garage Storage Experts LLC, Garage Storage Experts LLC, 1800 S. Loop 288, Suite 396660 Paula Collins, Paula Collins, 1223 Highland Park Road Marlon Allen, Denton Wood & Floors Outlet, 1109 Dallas Drive Sheniquia Walton, Uniquely Gorgeous, 1224 E. Hickory St. Apt. 203 Cigary Inc., Denton Cigar Co, 100 N. Interstate 35E, Suite 101 Charles Richard Davison, Customize Your ATV, 1032 Shady Oaks Drive, Suite 200 76207 Straub Communications LLC, Straub Communications LLC, 9628 Crestview Drive Probilt Services Inc., Probilt Services Inc., 4404 Worthington Drive Kiana Gurski, KMG Creative Photography, 3329 N. Bell Ave. NREA Gardens DST, Gardens Of Denton, 401 Ame Drive Unicus Athletics LLC, Crossfit 940, 3801 N. Interstate 35, Suite 226 Sapient Shopping Inc., Island Divers, 5800 N. Interstate 35, Suite 308 Marklyn Jet Parts LLC, Marklyn Jet Parts LLC, 5040 Warbird Drive, Suite 4 Diane Reeve, Diane Reeve, 8308 American Way Jose Miguel Camarillo Sr., Ink Arsenal, 3232 N. Locust St. Apt. 327 Zimmerer Kubota & Equipment Inc., Zimmerer Kubota & Equipment Inc., 4701 N. Interstate 35 #D 76208 Top Game Jiu-Jitsu LLC, Top Game Jiu-Jitsu, 1402 N. Corinth St. #209 Lemal Logistics LLC, Lemal’s Vending Company, 3805 Arroyo Trail

Araceli Broussard, Rceli, 1900 Creek Bend Drive Brachan De’Vae Thompson, Blackginger Boutique, 2551 Stockbridge Road #16140 Brandon Kyle Stephens, Brandon Stephens Photography, 4605 Heron Pond Lane John Neal Broussard, 2Cajuns, 1900 Creek Bend Drive Texas Land And Tree Service LLC, Texas Land And Tree Service LLC, 112 Waterwood Circle Andrea Christensen, Scrimshaw, 403 Meadowlark Lane JRE Solutions USA LLC, JRE Solutions USA LLC, 1510 Bonanza Lane Graysen Wingate, Wingate Lawn Care, 208 W. Shady Shores Road Uptown Cheapskate Denton LLC, Uptown Cheapskate, 1800 Brinker Road, Suite 200 Carolyn Ann Urdiales, Curlys French Bulldogs, 3654 Corinth Parkway Kellee Marshall, House Of Heat, 2501 Stockbridge Road Apt. 15202 Steele Awards LLC, Steele Awards LLC, 1909 Creek Bend Drive 76210 Lonestar Best Pest Inc., Lonestar Best Pest Inc., 2705 Hilcroft Ave. Fuhtilt Industries LLC, Fuhtilt Industries LLC, 1601 Pine Hills Lane Richard Nash, Memories Taxidermy, 1600 Post Oak Drive The D. Diaries LLC, The D. Diaries LLC, 2700 Cedar Creek Lane Apt. 4210 Urnode LLC, Urnode LLC, 5017 Teasley Lane, Suite 145-77 Erika Chavarria, Owl Craft Box, 8409 Glen Falls Lane Cloud Nine Organizing LLC, Cloud Nine Organizing, 1302 Cheyenne Trail Laura Collier, Lala Designs, 2706 Cherokee Trail North Texas Autoliners LLC, North Texas Autoliners, 2115 Sadau Court, Suite B KP&JJ Enterprise LLC, KP&JJ Enterprise LLC, 2010 Corinth Parkway Apt. 2106 Bruce David Poland, The Finishing Touch, 6613 Alderbrook Drive Koeninger Enterprises LLC, CoreLawnCare, 1703 Glen Aerie Lane Ruckus Powersports LLC, Ruckus Powersports LLC, 2700 Old Alton Road #400 Reeder’s Cleaning Inc., Classic & Current Auto Parts, 2301 Miranda Place Beauty Systems Group LLC, Beauty Systems Group Store #87031, 3001 Colorado Blvd. Stefanie Kay Adams, Swaying Creations, 7317 Riverchase Trail North Texas Corgi Connection, North Texas Corgi Connection, 904 Dawnlight Drive 4Paws2Love – A Humane Society, 4Paws2Love, 1923 Wickersham Lane Invictus Gunworks LLC, Invictus Gunworks LLC, 3100 Spenrock Court Mary Cottingham, Copper Leaf Communications, 7301 Livingston Drive

RESTAURANT SCORES The following restaurants and food service spots were inspected by the City of Denton Consumer Health Division in January. Cinemark In Denton, 2825 Wind River Lane, 100 Chipotle, 2735 W. University Drive, Suite 1051, 100 Jimmy John’s Gourmet Sandwich Shop, 107 Ave. A, 100 Starbucks inside Kroger, 5021 Teasley Lane, 100 JFE Franchising Inc., 5021 Teasley Lane, 100 Big Fatty’s Spanking Shack, 220 W. Parkway St., Suite 100, 100 Mayhill Hospital, 2809 S. Mayhill Road, 100 Terry’s Treehouse, 4025 Teasley Lane, 100 Adventureland Early Learning Center, 1407 Fulton St., 100 Children First Preschool LLC, 516 N. Locust St., 100 Steve’s Wine Bar, 111 Industrial St., 100 Martin Luther King Jr. Center, 1300 Wilson St., 100 Horizon Medical Center, 2813 S. Mayhill Road, 100 Medical City Starbucks, 3535 S. Interstate 35E, 100 Green Valley Pitt Stop, 9467 FM428, 100 Residence Inn By Marriott, 3761 S. Interstate 35E, 100 Vizcarra Hospitality Inc., 114 W. Congress St., 100 Cheddar’s Scratch Kitchen, 3240 N. Interstate 35, 100 Whataburger #841, 1708 S. Loop 288, 97 Racetrac #528, 2804 W. University Drive, 97 Aura Coffee, 1306 W. Hickory St., 97 Hoochie’s, 214 E. Hickory St., 97 Domino’s Pizza, 709 Sunset St., 97 Sonic Drive In, 109 N. Loop 288, 97 Subway Sandwich Shop, 1720 W. University Drive, Suite 103, 97 Eskimo Hut, 717 Sunset St., 97 Race Trac, 3600 E. University Drive, 97 Denton County Jail Juvenile Probation Kitchen, 210 S. Woodrow Lane, 97 Sweet Basil Thai Bistro, 1800 S. Loop 288, 97 Denton County Juvenile Probation Kitchen, 214 S. Woodrow Lane, 97 7-Eleven #37084A, 915 Fort Worth Drive, 97 Game Changers, 122 W. Mulberry St., Suite 100, 97 Tender Loving Care, 1702 W. Oak St., 97 Mixxed Daiquiri Express To Go, 4145 S. Interstate 35E, Suite 105, 97 Sushi Cafe, 1115 W. Hickory St., Suite 117, 97 Mr. Porky’s, 8430 W. University Drive, 97 McDonald’s, 2930 W. University Drive, 97 Race Trac #116, 1450 Dallas Drive, 97 Robson Ranch Community Center, 9428 Ed Robson Circle, 97 Quik Trip #912, 3113 W. University Drive, 97 KFC, 315 W. University Drive, 97 KFC, 1516 Teasley Lane, 97 Natural Grocers By Vitamin Cottage, 110 W. University Drive, 96 Po-K Loco, 119 Ave. A, 96 Springhill Suites, 1434 Centre Place Drive, 94 Firehouse Subs, 2735 W. University Drive 1059, 94 Panaderia Mexicana Zafiro Bakery, 3305 S. Mayhill Road, Suite 117, 94

JK’s Cocktail Lounge, 219 E. Hickory St., 94 S & B Store #2, 1918 N. Carroll Blvd., 94 Kroger Grocery Store, 5021 Teasley Lane, 94 Kroger – Deli/Bakery, 5021 Teasley Lane, 94 Kroger Meat/Seafood Department, 5021 Teasley Lane, 94 Denton Donut, 505 W. University Drive, 94 McDonald’s Restaurant, 5016 Teasley Lane, 94 Wal-Mart Store #4104, 3930 Teasley Lane, 94 Which Wich, 2700 W. University Drive, Suite 1054, 94 Mi Tata, 5017 Teasley Lane, Suite 101, 94 Quik Trip #911, 3701 S. Interstate 35E, 94 Dickey’s BBQ Pit, 3721 S. Interstate 35E, 94 7-Eleven Convenience Store #32812J, 101 S. Loop 288, 94 On The Border, 2829 S. Interstate 35E, 93 Kung Fu Tea, 2735 W. University Drive, Suite 1061, 93 Fuzzy’s Taco Shop, 115 Industrial St., 93 Schlotzsky’s/Cinnabon, 416 W. University Drive, 93 Mulberry Street Cantina, 110 Mulberry St., 93 Boca 31, 207 S. Bell Ave., 93 Wendy’s, 1576 W. University Drive, 93 Schlotzsky’s Deli, 2410 S. Interstate 35E, 93 Comfort Inn, 4050 Mesa Drive, 93 Edible Arrangements, 511 S. Locust St., 93 Stop N Shop Food Mart, 508 S. Elm St., Suite 111, 93 Aldi Food Store #94, 1317 Ector St., 92 7-Eleven Convenience Store #328, 1280 S. Loop 288, 91 Metzler’s Food And Beverage, 1115 E. University Drive, 90 Taqueria Lonbardia, 3912 Teasley Lane at Ryan Road, 90 Pizza Snob, 321 W. Hickory St., Suite 108, 90 Gourmet Donuts & Bakery, 1004 Dallas Drive, Suite 102, 90 Senior Care Health And Rehabilitation Center, 2244 Brinker Road, 90 Corner Stop, 3286 N. Elm St., 90 Wildhorse Grill At Robson Golf Course, 9440-A Ed Robson Blvd., 90 Bethel Taqueria, 1700 Teasley Lane 100, 89 Denton County Jail Kitchen, 127 N. Woodrow Lane, 89 New York Subway #4, 305 W. University Drive, 88 Khao San Thai Kitchen, 403 W. University Drive, 88 TravelCenters of America, 6420 N. Interstate 35, 88 Chuy’s Restaurant, 3300 Wind River Lane, 87 Blue Ginger Asian Bistro, 2900 Wind River Lane 142, 86 Jonuzi’s Pizza, 1776 Teasley Lane 103, 86 Waffle House, 3113 Bandera St., 84 Hot Spots, 3520 E. McKinney St., 84 Shell Shack Denton, 2303 S. Interstate 35E, 83 Mazatlan, 1928 N. Ruddell St., 82 The Juice Lab, 508 S. Elm St. 104, 82 Johnny Carino’s, 1516 Centre Place Drive, 79 Riprocks, 1211 W. Hickory St., 79 Express Lane Exxon, 3628 S. Interstate 35E, 79 Lucy’s Bakery, 3730 E. McKinney St., Suite 112, 77 Cesar’s Tacos, 1725 W. University Drive, 76

76226 Melinda Hanna, Delirious Diva, 809 Fenceline Drive Advanced Commercial Equipment Service Corporation, Advanced Commercial Equipment Service Corporation, 9108 Stacee Lane Dominick Investments LLC, Dominick Investments LLC, 973 Stonecrest Road, Suite D Kristi Little, Swanky Gypsy Designs, 6301 Roaring Creek Dennis Michael Fontana, The Buzz Food Trailer, 8900 Charles St. Nicole Price, Deals4U, 1804 Goliad Way Andrea Whelan, Andrea Whelan, 8441 Buffalo Drive Jerry Vestus Ritchie, J V Ritchie Company, 748 Cimmaron Court James Derek Richardson, Patriot Shooting Supply, 1111 Treeline Drive Amber Klein Adair, The Plaid Vine Boutique, 1405 Bluebell Ave. Kellie Dyan Herrington, Chisholm Oaks Veterinary Hospital, 100 Country Club Road Suite 114 Golden Oak Online Auctions LLC, Golden Oak Online Auctions LLC, 809 Falcon Road Cesar Suarez Construction LLC, Cesar Suarez Construction LLC, 3821 S. Bonnie Brae St. Convenience Management Services Inc., CMSI 1406, 1217 W. FM407 Taryn Elizabeth Thompson, Raw Illusion, 9100 Leland Drive HMX Corporation, HMX Corporation, 6520 Woodmere Court Innovation Now LLC, Innovation Now LLC, 308 E. FM1830 Suite 1D Britni Dawn Hardage, Zozo Cute, 9121 Kaitlyn Court LBRB Enterprises Inc., LBRB Enterprises Inc., 9113 Gavin Road Osar Consulting Inc., Osar Consulting Inc., 336 Carrington Drive Honey Do Stables LLC, Honey Do Stables LLC, 1440 E. Jeter Road Barbara Wilkinson, Tangles Salon, 1113 11th St. Storm Golf Enterprises LLC, Storm Golf Enterprises LLC, 1408 Presley Way VS Racing LLC, VS Racing LLC, 308 E. FM1830 Suite 1C Entocor Corp, Entocor Corp, 963 Orchid Hill Lane Jodi Ippolito, Gotcha Coveted Designs, 8870 Weston Lane 76227 Julia Tanner, A Slice Of Nirvana, 606 Brockett St. Donald Wasson, Simply Sweet Kettle Corn, 1330 Kingston Place Cantrell Worldwide Inc., Cantrell Worldwide Inc., 4292 S. U.S. Highway 377, Suite 25 Guardian Grooming Inc., Guardian Grooming Inc., 1312 Mary Horn Drive Kelli Garza, The Collection By Kelli Garza, 7 Woodhaven Court Upper Park Coffee Co. LLC, Upper Park Coffee Co. LLC, 5185 S. U.S. Highway 377 Maria Guerrero, Shoes Left And Right, 1729 Outpost Creek Lane TEACo Aubrey LLC, TEACo, 26742 E. University Drive #240 Valley View Ceramics LLC, Valley View Ceramics LLC, 4294 S. U.S. Highway 377 B&T Lawhorn Enterprises LLC, B&T Lawhorn Enterprises, 1031

FM2931 Apt. 1623 Kristie Covic, CostumeMagic, 1713 Morning Dove Drive Gumisai Mugara, Goom Moog, 1625 Vernon Drive Shelly Marie Dippel, Playing For Keeps, 9913 Cherry Hill Lane Uchennah Cletus Okafor, Okhauls, 8827 Eastwood Ave. Asper Childers Hegwood, Asper Childers Hegwood, 1608 Angel Lane Osiel Perez Sr., Green Valley Kitchen, 9467 FM428 Igahu Inc., Igahu Inc., 9027 Greene Drive Dustin Owen, Turbomacs, 123 Faircrest Drive Aubrey Leasing LLC, Aubrey Leasing LLC, 204 S. Main St. Hiruna Designs LLC, Hiruna Designs LLC, 5100 Pavilion Way 76249 Texas Commercial Kitchen LLC, Texas Commercial Kitchen LLC, 326 Broken Bow Sarah Michelle Villarreal, Gypsy Sisters, 9424 Plainview Road David Weckar, David Weckar Heating And Air Conditioning, 529 W. Lloyd St. Main Electric LLC, Main Electric LLC, 8125 Plainview Road John Edward Benedict, JB Book Biz, 17 W. Sharon Drive Justin Floyd Sons, Sons Custom Embroidery, 514 N. 2nd St. Leigh Shayla Medders, Let It Be Boutique, 115 W. Britton St. Apt. 5 76258 Your Health & Wellness By Design LLC, Health & Wellness By Design, 1850 N. Saint Charles Ave. Post Oak Realty LLC, Post Oak Realty LLC, 1900 High Point Drive Pilot Point Ventures LLC, Liberty Liquor, 420 S. U.S. Highway 377 Elias Benjamin De Leon Solares, Big Boy Texas Customs, 400 N. U.S. Highway 377 A Stone Above Of Texas LLC, A Stone Above Of Texas LLC, 10000 Wilson Road 76266 Randy’s Of Sanger LLC, Randy’s Of Sanger, 203 W. Chapman Drive Miriam Calderon, Stiletto Kitchen, 11878 Marion Road Lionheart Air LLC, Lionheart Air LLC, 8788 Indian Trail Pamela Spillman, Fancy Farms Iris, 4175 W. Lois Road Jeremy Friesen, Rec-Tech Mobile RV Repair, 46 Heron Drive Heather Page, Chasing Arrows Boutique, 102 Allen Drive Anna Price, Aesthetic Designs Glass, 2514 Caddo Trail His Fancy Her Cowboy, His Fancy Her Cowboy, 4002 Montecristo Lane Derryl Milburn, Syblesonline.com, 13182 Corrida Lane

ASSUMED NAMES The following names were posted in January at the Denton County Clerk’s Office. 75068 Fernando Aldaba Martinez, Stairs Don Cleto, 108 Cedar Lane Michael Aly, Craft Nuisance Delivery, 1613 Lake Pine Drive Amisha Anderson, Awaken Beautiful Skincare, 3212 Rio Grande Drive Lesley Brown, L.B Logistics, 1576 Brookstone Drive Cassandra & Nicholas Cambridge, Cici’s Beauty Supply, 1217 Pigeon Hawk Drive Javier Marcelo, Elite Pro-Contractors, 10001 Cedar Lane Winnet Chigwaza-Watson, Luxury Interior Creations DBA Luxury Creations by Winnet, 1433 Danielle Creek Drive Charles Edward Corrales, CEC Meetings & Incentives, 2911 Lakefield Drive Kelly Cruz, KC Elite Cleaning, 529 Port Allen Drive Misty Czechorosky, Furry Friends Grooming By Misty, 800 W. Eldorado Parkway Erin Dickerson, Sweeties Bakery, 1432 Marines Drive Silvia Dietz, Dietz’s Dandy Do’s, 312 Hardwicke Lane Richard Gerstenberg, 5 Star Confections, 613 Bird Creek Drive Barbara Hogan, Healthy Cheese Lady, 1512 Laguna Del Sol Drive Telethia Hurley, Bold and Beautifully You Photography, 3100 Tropica Drive Sharonica Husband, The Sweets Suite, 1725 Megan Creek Drive Elizabeth Iacoletti, 6.19 Interiors, 2133 Lake Pine Drive Rebecca Jacobsen, Jump for Joy Travel, 2116 Olivereta Drive Brian Keller, Platinum Landscape Services, 731 Majestic Oaks Drive Curley Kelly Jr., CK2 Supreme Sports Recruiting, 1113 Yarrow St. Michael Lawanson, Liberated Hooligan, 201 E. Eldorado Parkway Apt. 1306 Michael Lawanson, Wolf & Pigeons, 201 E. Eldorado Parkway Apt. 1306 Eula Linicomn, GE & Associates Management Company, 1257 Lasso Drive Eula Linicomn, Linicomn/Richardson Fine Arts, 1257 Lasso Drive Abner Pacheco & Jessica Prado, Academia Innovacion, 602 Lamp Post Lane Hannah Miller, Interior Runway, 2050 FM423 Apt. 4607 Mayra Navarro, M&M Maid Service, 2657 Island Bay Way Joel Nisar, Eli Freight, 1587 Thornhill Lane Robin Pinkerman, Peace, Love & Pets, 2616 Windy Point Court Yulimira Claire Stewart-Ton, Clean Connection Services, 2701 Little Elm Parkway, Suite 416 Srikarthik Subbarao, NKR Solar Solutions, 2561 Lakebend Drive Aubry Tolbert, ADT Appraisal Service, 2109 Michelle Creek Drive Gilbert Velo, Little Elm T-Shirt Company, 2459 Tisbury Way Christina & Ramone Ward, Patient Hearts Academy, 436 Willowlake Drive 76201 Struga Denton Partners LLC, Cole Place Apt, 1022/1004 Cleveland St. Struga Biba Partners LLC, Park Place Apt, 2001 Hickory St. Biba Partners LLC, Barry Place Apt, 500/505 Eagle Drive Melissa Getty, Hephaestus Designs, 1100 Stanley St. Jeremy Ratliff, Extreme Auto Detailing, 1419 Amherst Drive

Taylor Seerden, Transformations by Taylor, 120 E. McKinney St. Monica & Brittany Terry, Seabrook’s Harvest, 1419 Oakland St. Jacob Thiede, Theedee Music, 1810 W. Hickory St. Apt. 2 76205 Jitendra Bhakta, Economy Inn And Suites, 820 S. Interstate 35E, Suite 102 Marcelo Lopez, Landscaping Lopez, 2500 Fort Worth Drive #10 Ilona Gorokhovskiy, Ilona Jade Photography, 1521 San Gabriel Drive Jonathan Lobato, The Potter’s House, 1332 Teasley Lane Chris Bedford Richardson, North Texas Mean Greens, 1903 Whippoorwill Lane Jose Alfredo Sanchez, Star Design Marble & Granite, 920 Baldwin St. David DeLane Snow, The Eclectic Snowbear, 1801 Jason Drive #104 Edward Vanegas, Bethel Taqueria, 1700 Teasley Lane Derek Yuniwoh, JBS Group USA, 201 Inman St. 11203c 76207 Elizabeth Vega & Meagan Newkirk, Wild Chix Boutique, 268 Robbie O St. Adam Chorba, AC Remodeling And Home Repair, 10013 La Jolla Way Haydan Stone, Greg Willmon & John Corley, Texas Red Dirt Road Piping, 8210 W. University Drive Jeff Francis, JLF Safety, 9504 Greenstone Way Kiana Gurski, KMG Creative Photography, 3329 N. Bell Ave. Jennifer Nwa, Eby Beauty, 155 Precision Drive Apt. 2801 Marcos Perez, G&M Pro Services, 4937 Stuart Road #341 Latissa Price & Paula Smith, Kitty Kat Tats, 3704 Meadowtrail Lane Jennifer Rosenboom, Liberty Lens Photography, 2213 Westview Trail Spencer Strauss, Triple S Metal Buildings, 729 Del Drive 76208 Shanna Blanton, DFW Pro Clean, 5901 Marsh Rail Drive Connor Thomas Brown, 7 Lives Left, 9608 Parkview Court Marlon Elizalde, MC Drywall Complement, 2601 S. Mayhill Road #37 Tiffany Dierolf, Just Cuz Customs, 117 Cielo Lane Jose De Jesus Rivera, J Rivera Concrete, 2025 Lake Vista Lane Jacoby Hughes, Annie Pearl Group Home, 2550 Stockbridge Road Apt. 17206 David Hector Marroquin & Jose Rodolfo Pena, D&J The Tires Place, 621 S. Mayhill Road Suite 100 Kellee Marshall, Kelz House Of Heat Boutique, 2501 Stockbridge Road Apt. 15202 Scott Spain, Sharpline Service, 2200 Mayfield Circle Thomas Trombley, Ready Bench Consulting, 4716 Fox Sedge Lane Billy & Bridgett Washington, Washington Fashion, 6303 W. Shady Shores Road Apt. 612 76210 Kenneth Echols Blevins Jr., Ready4Soccer, 9000 Harvest Moon Trail Matthew Burlison, Silverback Pools, 3313 Highpoint Drive Amanda Cagnetto, Cagnetto Real Estate Group, 2106 Brazos Drive Mary Jo Caldwell, Gablewood Designs, 1821 Vintage Drive Eduardo Noel Hernandez Castro, Texas Under Construction, 2707 Skyview Drive Guillermo Martinez & Omar Mendez, RPM Parking Manage-

ment, 3212 Timberview Drive Shelby Frank, Division 4, 4251 FM2181 Suite 230 #339 Mark John Garcia, Mark Garcia’s Courier Service, 2521 Kariba Lane Sandy Castillo Hernandez, Sandy’s Painting, 9100 Teasley Lane #16 E Daniel Koberna, Crappie Co., 3908 Winston Drive Clayborn McClinton, CPM Tax Services, 2023 Club View Circle Jose Mendoza, Mendoza Burrito Express, 4001 Hialeah Drive Marcia Pettis, Salt & Light Keepsakes, 2921 Paddock Way Eduardo Rodriguez, LnR Logistics, 9100 Teasley Lane Lot 25D William Roussel, Best Local Team, 1913 Vintage Drive Antonius Sidharta, Illustrative Depictions Photography, 3013 Pecan Tree Drive David Smith, Axe And Anchor Repair Service, 2817 N. Haven Drive Thomas Ryan Stewart, Hickory Creek Forge, 1909 Wickersham Lane John Vance, Phunky Munky, 3300 S. Garrison Road #2203 Brad Warner, Brad Warner DBA Irrigation Plus, 3516 Wessex Court Brandi Weaver, Midtown Fox, 6908 Hayling Way Barry Vincent Williams Jr., Williams and Associates, 2060 Driskell Drive LaMesha Collette Wilson, LWNB Home Lux, Etc., 201 Red Fox Lane 76226 Gregory Sawyer, All Access Investigations, 5701 Eagle Mountain Drive Glenda Marie Bland, Extreme Sales, 845 Stonecrest Road Ray Hershey & Casey Cates, American Tree Company, 100 Falcon Court Rachelle Dauphinee, Rachelle Dauphinee, 904 10th St. Billie Ivey, Glamglow On The Go, 1209 4th St. Raymond William King, ProActive Management, 1141 Berrydale Drive Raymond William King, Raymond King and Associates, 1141 Berrydale Drive Ahmed Okedele, Lynx Enterprise, 5609 Balmorhea Drive Gregory Sawyer, All Access Investigations, 5701 Eagle Mountain Drive Craig Southerland, Public Service Search, 9508 Athens Drive Dawn Michelle Wilson, Dawn Michelle Photography, 6221 Savannah Oak Trail Stacy Elaine Winsett, True North HR Solutions, 8740 Canyon Crossing 76227 Carl Ary, Imagin-Ary Visions, 808 Lighthouse Lane Brandi Austin, B. Events By Brandi, 1308 Sea Pines Drive Tred & Crystal Bonds, Beauty SNOBs Beauty Supply, 27379 U.S. Highway 380 Joy Chihuahua, NoDal Gal, 2600 Tipps Road Nathan Cotton, Quality Custom Gutters, 9808 Maple Drive Samantha Cox, Diva Chic Boutique, 1512 Nightingale Drive Lauren Flanagan, Lauren’s Sweet Treatz & More, 1031 FM2931 Abram Flores, RFL Stucco and Stone, 10009 Lakeview Drive Mica Frederick, Grass Cutters, 406 N. Cherry St. Maria Guerrero-Gonzalez, Shoes Left And Right, 1729 Outpost Creek Lane Sandra Green & Eulitha Rukovo, Sandy & Litha Cleaning Services, 716 Lighthouse Lane Grace Gwena, Tanaka, 1122 Red Robin Drive Alejandro Sanchez Hernandez, Texas Turf And Services, 2901 Naylor Road

Suni Nicole Hill, Nikki Hill, 1509 Starr Court Paul Judkins, Ready Now Handyman Services, 135 Dogwood Drive Tony Le, Kutie Nails & Spa, 26615 E. U.S. Highway 380 Suite 110 Ronald Glenn McCane, Savage Zombies, 8716 Sierra Trail Chris Nyberg, Broken Dreams Powersports, 2781 FM2931 Suite A Samuel Okudjeto, SamoSQL, 1904 Morning Dove Drive Jacqueline Sharita Otamiri, The Surgery Pro, 11450 U.S. Highway 380 Suite 130 #415 Osiel Perez Piedra, Green Valley Kitchen, 9467 FM428 Joselin Portillo, Portillo’s Cleaning Services, 26850 E. U.S. Highway 380 Apt. 5601 April Rowe, LivSocial Media, 309 Brahma St. Ella Rucker, Teen Mega Star, 1912 Stephanie Court Ashlei Chrystian Ryals, Nanny Ashlei, 1613 Wright St. Joshua & Samantha Skelton, Skelton Leak Detection & Home Services, 1640 Millican Lane Donald Wasson, Simply Sweet Kettle Corn, 1330 Kingston Place Jason Waye, Lonestar Exclusive, 511 Surveyors Road Kalon Wilson, Wilson Hay & Cattle Co, 6865 FM2931 76249 John & Rebecca Benedict, JB Book Biz, 17 W. Sharon Drive Donna Bluhm, Geri-Options, 5389 Freeman Road Amanda Green, The Amber Dragonfly Co., 5102 Meadow Lane Rochelle Ibarra, Pila’s Pastime, 1211 Aztec Trail Romilda Carol Lewis, All Season Lawn Care, 15300 FM1173 Dan Cong Ngo, DNCNC Turning, 5529 Barnett Road Pedro Olague, Pedro’s Farrier Service, 12415 Plainview Road Grant Petty, Last Long Construction, 150 N. Point Drive Olivia Stacey & Suzanne Robinson, The Mutty Pup Dog Grooming, 129 N. 2nd St. Travis Teague, Teague Farms, 8286 FM1173 76258 Bryan Wayne Brooks, Velocity Hunters, 13353 Joe Allen Road Ramon Escalante Cabello, Escalante Stone, 216 E. Dennis St. Michael Stephen Caravella, MSC Aviation, 12829 FM1385 Marcie Leigh Harris, Ardon Brothers Tire Shop, 1293 U.S. Highway 377, Suite 200 Havey Manion, 3M Marketing & Horse Sales, 10300 U.S. Highway 377 Kathleen Stevens, Winning Ride Mobile Wash, 12106 Saint John Road 76266 Sandy Castillo & Eduardo Castillo Aguirre, Castillo’s Remodeling, 5744 Stone Creek Drive Bryan Carter, Carter Cabinet Hardware Installation, 12623 FM2450 Francois DesCotes, Hogs and Kisses Farm, 8616 Shaw Road Misty Greene, X Stream Solutions, 715 Church St. Michael Jimenez Jr., American Quality Construction, 8125 Rector Road Kenneth Johnson, Johnson Courier, 7460 Indian Well Road Matt Stenson & Moises Lopez, Big D Landscape, 901 John George Lane Jose Guadalupe Munoz, Munoz Cornice, 866 Doc Holiday Road Keith Adam Vrba, HK Landscapes, 5580 W. FM455 Ashley Yehle, Queen of Diamonds, 1819 Sand Stone Drive

February 2020

Denton Record-Chronicle

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