April Denton Business Chronicle 2016 by Denton Media Company

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April 2016

Monthly News Recap Businesses on the move

What’s open, what’s closed, etc. People camped out for this one: Raising Cane’s Chicken Fingers officially was the first business to open at Rayzor Ranch Town Center on West University Drive on April 5. Sprouts Farmers Market will open at 4930 Teasley Lane in late June. Custom frame shop Cadillac Art & Frame opened April 9 on Eldorado Parkway in Little Elm. Longtime business Popo & Lupe’s Hair Styling Center closed after almost 50 years in business so the couple could retire. Lone Star Indoor Sports Center has a new home, 222 S. Mayhill Road, for inline skating. Gringo-style taco shop Killer’s Tacos is now open where White House Espresso Bar and Beer Garden was on Bryan Street near the University of North Texas. VertsKebap, a fast-casual Mediterranean restaurant, opens April 23 near Target on South Loop 288. After closing for about a month, restaurant Tex Tapas reopened last month and expanded its hours to open daily at 11 a.m. on Industrial Street. Residential and commercial painting company Fresh Coat now has a franchise in Denton, and services the majority of the county. Cinemark Movie Bistro pulled out of the Rayzor Ranch Town Center project in March. No word yet on what movie theater will come to the development instead. Unicorn Lake has a new tenant. Bone Daddy’s barbecue is now open at the development along Interstate 35E. Motto Bar & Sushi is now operating in the old Service Industry space on Hickory Street and keeping the Service Industry menu and traditions, and basically just adding sushi and a DJ. Downtown shabby-chic shop Serendipity on the Square has expanded to add a house for crafters on Elm Street. Hangout Bar & Dine, the brainchild of the longtime own-

ers of Rasoi, The Indian Kitchen, is now open at 827 Eagle Drive. The new location serves Indian food and has late-night hours as a club.

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Sprouts to open June 29 The 28,000-square-foot grocery store Sprouts Farmers Market on Teasley Lane now has a scheduled opening: Wednesday, June 29 at 7 a.m. With the opening set, the store is ready to start hiring for roughly 100 positions, including department managers and assistant department managers, clerks and cashiers. Applications are being accepted there. Construction on the project started last year along a growing portion of Teasley, between Kroger and Guyer High School. It is the second Sprouts in Denton County, with a location already in Flower Mound. The store specializes in natural and organic foods, with a

focus on fresh produce. It also has bulk sections for snacks, grains and nuts, on-site butchers and supplements.

Popo, Lupe say goodbye to business, home In January 1969, months after Popo & Lupe Hair Styling Center opened, Lupe Gonzalez kept working even in the ninth month of her pregnancy. When she was doing a client’s hair at the salon on West Collins Street, she went into labor with her son Emilio. More than 47 years later, Lupe had her last day on her feet in the salon March 25, carefully curling clients’ hair and quietly talking about her retirement, just hours away. “It’s like the chapters of a book, they have to end. This is a closed chapter,” Lupe, now 76, said to a room of her clients that Friday morning, before laughing. “I’m just glad it’s not the end of my life.”

Her husband, Emilio “Popo” Gonzalez, 80, stopped cutting hair at their salon in 2003, devoting more of his time as deacon at Immaculate Conception Catholic Church until his retirement last year. During the salon’s last morning, Popo made sure to still respect the privacy of his wife and her clients. He insisted he should keep packing instead of bothering the clients. Standing in the hallway leading to the salon, though, the finality of the situation hit him. “We’ve been here 50 years, and Denton was very good to us,” he said, tearing up. “It’s very tough to say goodbye. It’s very hard to leave a place after 50 years. Fifty great years.” The couple’s new home is on Emilio’s property in Krum.

LSA Burger Co. in midst of expansion A long wooden deck will extend across the roof of the new

Denton Convention & Visitors Bureau building, the groundwork of Lone Star Attitude Burger Co.’s expansion. The only commercial rooftop patio on the downtown Square now will cover the tops of two buildings along Hickory Street, and the expansion will seat an estimated 100 people once renovations are complete, said Steve Watkins, one of the restaurant’s owners. The partnership, which includes Watkins and John “Sparky” Pearson, has had the second building for about a year now and has been working on the expansion since November. Watkins estimates there’s about six weeks of construction left before the new space will be open and ready for business. The expansion includes adding bathrooms upstairs, extending the kitchen area downstairs, adding an elevator and extending the stage to make it 10 feet by 20 feet. Then, the patio will add RECAP | CONTINUED ON PAGE 20

Contents |

April 2016

Calendar of Events

Denton Business Chronicle

APIs and IPAs, hosted by TechMill, meets every other Tuesday at Harvest House, 331 E. Hickory St., for a tech-centered hangout.

April 2016

Tuesday, April 26, 6:30 p.m. Tuesday, May 10, 6:30 p.m.

Argyle Chamber of Commerce will have its monthly breakfast meeting at Lantana Golf Club, 800 Golf Club Drive in Lantana. Tuesday, April 19, 7:30 a.m. Tuesday, May 17, 7:30 a.m.

Argyle Planning and Zoning Commission meets the first Tuesday of the month at 308 Denton St. Tuesday, May 3, 6:30 p.m.

Denton Black Chamber of Commerce meets the second Tuesday of the month at the Denton Housing Authority, 1225 Wilson St. Tuesday, May 10, 6 p.m.

Index April 2016 | Vol. 12, No. 2 Publisher: Bill Patterson The contents of this free publication are copyrighted by Denton Publishing Company, 2016, a subsidiary of A.H. Belo Corp. (www.ahbelo.com, NYSE symbol: AHC), with all rights reserved. Reproduction or use, without permission, of editorial or graphic content in any manner is prohibited. Denton Business Chronicle is published monthly by Denton Publishing Company, 314 E. Hickory St., Denton, TX 76201. E-mail: drc@dentonrc.com

On the cover: College student Vivian Pham took a summer job at Yogurtland in Huntington Beach, Calif. Photo by Kevin Sullivan/Orange County Register

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

Denton Chamber of Commerce will hold its quarterly membership luncheon and the graduation of the Leadership Denton class at Hubbard Hall at Texas Woman’s University, 304 Administration Drive. Friday, April 22, 11:30 a.m.

Denton County Young Professionals host meetings every Wednesday, except for the first of the month, at Loco Cafe, 603 N. Locust St. Wednesday, April 20, 7:15 a.m. Wednesday, April 27, 7:15 a.m. Wednesday, May 11, 7:15 a.m.

Denton Hispanic Chamber of Commerce holds its monthly lead generator luncheons the third Tuesday of the month. It is held at Sidwalk Cafe, 2900 Wind River Lane, and admission is $5 for members and $10 for guests. Tuesday, April 19, 11:30 a.m.

The Denton League of United Latin American Citizens No. 4366 meets the third Saturday of each month at the Denton Senior Center, 509 N. Bell Ave. Saturday, April 16, 9:30 a.m.

Denton Planning and Zoning Commission meets at City Hall, 215 McKinney St. Wednesday, April 27, 6:30 p.m. Wednesday, May 11, 6:30 p.m.

Photo by Ranjani Groth

APIs and IPAs meets every other Tuesday at Harvest House, 331 E. Hickory St. Denton Public Library hosts a monthly Arduino meetup the last Monday of the month at the Forge at North Branch Library, 3020 N. Locust St. Monday, April 25, 7 p.m.

Electronics Recycling takes place at The Cupboard Natural Foods and Cafe, 200 W. Congress St., the second Saturday of each month. Drop off any computerrelated electronics for recycling. Visit www.computercrusher.com for a list of acceptable items and more information. Saturday, May 14, 8 a.m.

Lake Cities Chambre of Commerce holds weekly coffee meetings at alternating businesses on Wednesdays. The hosts for the upcoming sessions have not been announced, but will be at www.lakecitieschamber.com/chamberevents. Wednesday, April 20, 7:15 a.m. Wednesday, April 27, 7:15 a.m. Wednesday, May 4, 7:15 a.m. Wednesday, May 11, 7:15 a.m.

Little D Open Coffee Club, hosted by TechMill, meets every other Tuesday at West Oak Coffee Bar, 114 W. Oak St., to discuss technology and startups. Tuesday, April 19, 8 a.m. Tuesday, May 3, 8 a.m. Tuesday, May 17, 8 a.m.

NodeSchool Denton, hosted by TechMill, meets every other Saturday. The fourth Saturday of the month is hosted at Big Mike’s Coffee Shop, 1306 Hickory St., and the first Saturday of the month at Zera Coffee Co., 420 E. McKinney St. Saturday, April 23, 2 p.m. Saturday, May 7, 2 p.m.

Sanger Chamber of Commerce holds a networking leads luncheon the fourth Wednesday of every month. RSVP is available at http://sangertexas.com. This month’s luncheon will be held at the Wal-Mart Distribution Center, 2120 N. Interstate 35. Wednesday, April 27, noon

SMART Business 101, a monthly program by the Denton Chamber of Commerce, will feature Jacklyn Shapiro, CEO of Shapiro Hurst & Associates, as its April speaker at the chamber office, 414 W. Parkway. Tuesday, April 26, 11:45 p.m.

Technology in Business series will meet the third Sunday of every month at Denton’s North Branch Library, 3020 N. Locust St., to learn about technology fundamentals for those in the business world. Sunday, April 17, 3 p.m.

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Enterprising Voices

Rethink torturous process of employee reviews O

h, the employee review. Everyone’s favorite time of the year — when we feel compelled to force our colleagues to eke out BS answers to boring, random questions that rarely relate directly to the job they perform. Why do we torture these people? Why do we torture ourselves? Because once upon a time a human resources manager somewhere said it was so? But wait. You, my dear, are a business owner. You are the queen or king of the land and, frankly, don’t have time to do anything “just because.” MIND-NUMBING BY NATURE Most employee reviews start with a generic review template that has been handed down since the invention of the photocopier. It asks employees to rank themselves, then their manager to rank them, based on the most generic terms possible. These forms usually include a big blank space for you to give specific, long-form feedback on each performance area. Some of them are even brazen enough to ask for ratings on traits like honesty, creativity and technical skills — like it’s even possible to rank someone on these factors. I mean, if you’re giving Joe in accounting a 1 out of 5 for honesty, I’m really concerned for you. TAKE BACK CONTROL As crazy as it sounds, the #BlueCrew (our team members) brought up employee reviews right before the new year. As much as I’d hoped they’d just forget, and that we’d roll right along in our happy lives, the team felt it was important. So, as we typically do, we decided to approach the reviews in our unique way. THROW OUT STANDARD REVIEW FORMS The first thing we did was fire up a Google document, share it with the team and start dumping in the things that really matter to us. We’re busy folks — we don’t

Heather STEELE | have time for useless existential thinking about our ability to keep our desks tidy. Making it a group effort allowed everyone to have a bit of ownership and make sure the things that really matter to them are represented. TAKE IT TO THE TEAM We’re a small, five-person team here. There’s no hierarchy, no subordinates and no managers. It’s important to me that we’re all accountable to one another. My opinion and perspective on how someone is doing in their job are just that: my opinion. I need my team to be open and honest with each other about their performance too. So, in addition to the one-onone review with me, we’ve added a roundtable review to talk about what’s going great (and not so great) with one another. We wrapped up reviews, and here’s where we are: ■ The review form is a living document. Even with our own review template, we found that some questions were repetitive, some too difficult to answer, some just didn’t belong in this format. So we’ll be evolving our review form for the rest of our lives together. We’ll never have it just right, but we’ll keep getting closer. ■ No surprises. This should go without saying, but I’ve had jobs where that wasn’t the case, so I’m saying it. Employees should know how they’re doing in their jobs at any given time, not just during review period. There’s nothing worse than working for someone who is so closed-off that you have no clue

Courtesy photo

Employees of Blue Steele Solutions work on their peer reviews on the steps of the Courthouse on the Square. The company decided to approach annual reviews in its own unique way. where you stand from one day to the next. Whether things are going great or things are going not so great, you owe it to your employees to be open and honest with them — always. No one should be sweating bullets over how their review is going to go; there should be no surprises. ■ Goals matter. Discussing performance, particularly performance that can be improved, is fruitless if no change happens after the review. Setting goals and changing procedures are key to making the most of the review. Put the changes necessary into effect right away — you’re a small business after all, and there’s no need to drag your feet. ■ Peer pressure seals the deal. Adding a peer review element to the process makes it much harder to let the reviews just slide. My employees held me accountable when I wasn’t

looking forward to it, but they held themselves accountable as well. ■ Reviews can be fun. Despite what could have been a monotonous, soul-crushing process, we ended up having a lot of fun! It was a chance for the whole team to leave the office, go outside and do something different from the day-to-day. A change in scenery can really alter the mood — and, as a small business owner, you can do that. You’re not required to keep everything in the office. You can make things fun. And since there’s always the potential for hurt feelings when we’re holding each other accountable, changing the location — or even going out to do something fun — can ease the pain. In the end, it’s nice to know you’re doing a good job. If you’ve got a good team, you can laugh at the shortcomings and think

about how to address them. YOU HAVE POWER TO DO IT DIFFERENT, BETTER When it comes to things that are “standard practice,” like employee reviews, it’s key to always step back and consider how we can do it better. You’re not locked into one way of doing things just because that’s “how it’s always been done.” You can make a change. You can choose something different, something better. Choose efficiency, choose what works, choose better. Now I want to know about you! What are you doing in your business to be more efficient with your time — while supporting your unique company culture? HEATHER STEELE is the founder of Blue Steele Solutions. She can be reached at heather@bluesteelesolutions. com.

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Business Spotlight

Decline in apartment leasing raises red flag By Steve Brown | The Dallas Morning News While North Texas apartment developers are ramping up construction to the highest level in decades, demand for new rental units has slipped. First-quarter apartment leasing in the Dallas-Fort Worth area was at the lowest pace in three years. “If the second quarter is this weak, too, I’m going to be really concerned,” said Greg Willett, vice president with Dallas-Fort Worth apartment analyst MPF Research. “For the first time since developers went back into expansion mode, we’re seeing some meaningful cracks begin to emerge.” Net apartment leasing in the region totaled 1,989 units in the first three months of 2016, according to MPF’s just-released survey.

At the same time, developers opened the doors on another 5,763 new North Texas apartments. And more than 43,000 DallasFort Worth rental units remain under construction — the highest apartment building total since the mid-1980s. More apartments are being built in North Texas than any other area in the country. “With demand weakening at the same time that building activity is very aggressive, it looks like we’re headed toward a more competitive leasing environment,” Willett said. Even with the first-quarter slowdown in leasing, average apartment rents in North Texas rose by about 6 percent to $998 per month, according to MPF. “We are expecting rent

Photo by Ranjani Groth/DRC

The Victoria Station apartments are open at Bell Avenue and Sycamore Street. growth to slow to 4 to 4.5 percent, which by historical standards is still a very strong number,” Willett said. “But we can’t sustain this if we have another weak quarter. “We need to be a little cau-

tious moving ahead.” Only about 5 percent of Dallas-Fort Worth apartments are vacant — just a fraction more than at the end of 2015. Willett said the slowdown in apartment leasing seems to be a

product of increased caution by consumers. “This was not just a local trend,” he said. “The drop in DFW leasing was less than what we saw across the nation. “Recent home sales numbers are disappointing, too,” Willett said. “Folks seem to be hunkering down and staying where they are.’ More apartment renters are staying put instead of moving to newer, more expensive properties, MPF’s research found. “Lease renewals are off the charts right now.” Willett cautions that one bad leasing quarter isn’t enough to set a trend in the apartment market. But a slowdown in renter demand could signal builders and investors to put the brakes on more projects.

Enterprising Voices

Chamber welcomes new leaders G

lenn Carlton officially began his term as Denton Chamber of Commerce board chairman April 1. He outlined some of the major initiatives proposed for the 201617 program year during the chamber’s recent annual membership banquet. Glenn is the executive director of the North Texas Fair and Rodeo Association. He told the 300-person audience, “I am in the fun business, but at the same time we take care of business. The chamber will help you take care of your business!” He emphasized the significant overhaul of the chamber’s annual Business Expo, saying, “It is no accident that we are crashing a UNT football party.”

Chuck CARPENTER | The Denton Means Business 5K is scheduled for the morning of Saturday, April 23 at Apogee Stadium. Tailgating is encouraged, as it will be followed by the University of North Texas’ annual Green & White Spring Football Game. Glenn said that the chamber board is interested in “enhancing

our relationship with other local organizations, of like interest, as well as exploring how we might expand our scrutiny of area elections.” The chamber’s bylaws prohibit the endorsement of individual candidates, but Carlton explained that information can be made available regarding candidates and their positions and actions. He made sure those in attendance marked their calendars for the annual elected officials reception June 29 at the Best Western Premier Crown Chase Inn & Suites. He reminded everyone that the filed candidates for the two at-large City Council seats have

been sent questionnaires developed by the chamber’s Local Relations Committee. Responses from participating candidates will be posted on the chamber’s website prior to the start of early voting April 25. This program year will conclude the chamber’s 2012-17 strategic plan cycle. Carlton said that the board has some significant organizational questions that will need to be addressed proceeding into the next five years. Glenn’s Executive Committee will include Jim Fykes of Peterbilt Motors. Fykes is chairmanelect of the board and head the chamber’s Economic Development Division. Jeff King will

remain on the Executive Committee as immediate past board chairman; he is a partner with Ramey King Insurance. Carrell Ann Simmons, with UMB Bank, is the chamber treasurer and will head the Special Initiatives Division. Erik Clark of Wellspring Insurance will continue as a vice chairman of the board and remain in charge of the Membership Development Division. Local attorney, past board chairman and former Mayor Mark Burroughs was reappointed to one more year on the board and will continue to head the chamber’s Government Relations Division. CHUCK CARPENTER is the president of the Denton Chamber of Commerce. He can be reached at dcoc@ denton-chamber.org.

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Enterprising Voices

Is value investing back? “Turnaround For Value Investing Likely To Begin In 2016” — Forbes, December 2015 “Move Over, Facebook and Netflix: Value Investing Is Rebounding” — Barron’s, March 2016

here has been a lot of commentary in the financial press recently about the periodic lag that many value investors experience from time to time. Longtime investors may recall the euphoria of the early 1970s and how the “Nifty Fifty” — the market’s most-loved names — were bid up to silly prices. Those names flamed out in dramatic fashion as the stagflation of the mid to late ’70s took hold. While the Nifty Fifty may be ancient history for some, most vividly remember the stratospheric rise of the dot-coms and their spectacular crash as well. More recently, Jim Cramer’s FANGs (Facebook, Amazon, Netflix and Google) have epitomized the appetite for momentum names, regardless of traditional valuation metrics. In all of these periods, value stocks underperformed. Both in the early 1970s and again in the late ’90s, Warren Buffett basically exited the market. In the former period, he literally shut down his partnership, pointing to the lack of available bargains. In the latter period, while he didn’t close the doors at holding company Berkshire Hathaway, he openly lamented that the dot-com darlings offered little value and warned others to stay away. Market commentators said Buffett had “lost it” and just didn’t “get it” anymore. In this most recent period, notably from mid-2014 to today, just about all value managers and the stocks they owned also have underperformed. But some, including the authors at Forbes and Barron’s, are starting to anticipate a value comeback. While the overall macroeconomic environment may result in

Jonathon FITE | broad market volatility in the quarters ahead, some areas just got too cheap. Many hard-asset businesses, interest-rate-sensitive businesses and businesses with non-U.S. earnings got overly punished the last 18 months. During the recent rally off of February lows, value stocks outshined their momentum peers. In our portfolio, we believe specific catalysts will play a key role in driving value realization. Last month we wrote about how the embedded value at ADT motivated private equity firm Apollo Global Management to snatch the bargain up. This is just one example of a catalyst driving value to the surface. At our recent gathering of partners in the Houston area, we were asked how we go about assessing the value of a business. There are a number of approaches, but at the core of each is the lesson taught by Benjamin Graham, considered the father of value investing. Graham taught his students to view stocks as ownership stakes in businesses, not merely ticker symbols with randomly fluctuating prices. Businesses have real, intrinsic value based on their assets, profits and growth prospects, independent of their stock price quote. In the short run — days, weeks or even several months — a company’s stock price is a popularity contest driven by emotions of fear and greed. Over the long run — quarters or years — the company’s substance, its intrinsic value, eventually wins out. That is why true value investors stoically accept, even welcome, market volatility —

Elise Amendola/AP file photo

Classics like Hershey’s Kisses made The Hershey Co. one of KMF Investments’ most successful investments. because of the opportunities it presents. But how do we figure out the “weight” of a business — its intrinsic value? We will explore four approaches we use in estimating intrinsic value. Together they serve as a toolkit to calculate business value. The choice of which approach is most appropriate depends on the characteristics of the business. Quite often, using multiple valuation approaches provides rich insights. Also, since there is no crystal ball to precisely predict the future, we typically model at least two or three business scenarios about how the future might unfold. Let us summarize the four approaches: ■ Free cash flow value — How much cash profit will this business generate over time? ■ Net asset value — What does this business own, minus what it owes? ■ Strategic buyer value — What would an intelligent business person pay to buy this business?

■ Capital structure value — Can value be unlocked by changing a company’s mix of debt and equity? In the first approach, we estimate the profits generated by the business over time. The relevant measure of profit is “free cash flow,” which filters out distortions caused by certain accounting conventions and carefully factors in capital investments a company must make to sustain and grow the business. The free cash flow approach is ideal for companies with strong, enduring competitive advantages. So it’s no surprise that this is Buffett’s favorite valuation approach. In our investment partnership, the free cash flow approach has been important in the evaluation of many successful investments, including eBay, Wal-Mart, Intel and Apple. This continues to be the valuation approach for the “world dominators” in our portfolio. Opportunities most often present themselves in this scenario when the current free cash

flow is depressed or the market gives little chance that future free cash flow might grow. For example, one of our most successful investments was in The Hershey Co., which at the time of our investment was undergoing a significant supply chain transformation that would dramatically lower costs and free up additional free cash flow. That cash could be used to improve the business — like enhanced marketing of its wonderful Hershey’s Kisses or Reese’s Peanut Butter Cups. It could be used to buy back shares and return more cash to shareholders. Our background in operational consulting gave us the ability to analyze the scope of Hershey’s supply chain initiatives and the potential impact to the business a year or two out. At the time, the market gave Hershey zero credit for these improvements that we believed were highly credible. Our insight proved right and led to strong returns. The second approach focuses on figuring out the net asset value of the business. The principle is simple: Estimate what the company owns (its assets) minus what it owes (its liabilities). The company’s balance sheet is the starting point for this analysis, but it’s important to use business judgment. For example, a company may mark land purchased in the early 1900s at cost on its balance sheet, dramatically understating its value. On the flip side, a company might have obsolete factory equipment at overstated values on its balance sheet. The net asset value approach is especially useful for companies in cyclical industries that have lumpy, unpredictable profits and cash flows. A special subcategory within this approach, known as “net-nets,” was a favorite of Graham. Net-nets are companies with stocks trading at a discount to their liquid assets (cash, inventory, receivables) less all the company’s liabilities. These are typically tiny companies accessible to individuals and nimbler funds, but out of the reach of large mutual funds that cannot enter or exit such positions FITE | CONTINUED ON PAGE 11

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Enterprising Voices

Texas property taxation, Part 2 T

here are two types of protests normally available to owners of property with a homestead exemption: (1) determination of the appraised value of the property; and (2) unequal appraisal of the owner’s property. The first protest type is what is says it is — that the property owner simply disagrees with the value of the property provided in the notice of appraised value. The second type deals with taking a reasonable number of comparable properties within the taxing district, appropriately adjusted based on the factors above, and showing that the appraised value of the property in the notice of appraised value is above the median of those property values. Disparities in the timing of the reappraisal of properties within the district may lend to FITE | CONTINUED FROM PAGE 9

easily. Net-nets such as electronics distributor Nu Horizons and perfume company Parlux Fragrances were among the most lucrative investments in our partnership. The third approach — strategic buyer value — has become very important in the last few decades as mergers and acquisitions have become more common. To a great extent, this builds upon the first two approaches. After all, a prospective buyer will certainly care about the profits and assets of the business. But an intelligent buyer might also be able to use the company’s assets more efficiently to improve sales or eliminate duplicate overhead costs. Strategic buyouts have been a key catalyst for several past partnership holdings, notably ADT, Shaw Group and Bronco Drilling (as well as the net-nets mentioned above). While we don’t depend on such an outcome, we believe several current holdings are attractive buyout candidates. Today’s environment of superlow interest rates, coupled with

Scott ALAGOOD | certain properties being at lower values. Due to advancements in technology and the growing need for government funding, larger taxing districts have significantly cut down on this time lag. The property owner will be notified of the hearing time, date and place at least 15 days prior to the date of the hearing. The chief appraiser is required to provide notice of the rights of the taxpayer, notice of the right to inspect and copy the district’s evidence,

sluggish economic growth, is ripe for corporate consolidation as companies try to grow their profits. Strategic buyer value will become an increasingly important tool for value investors. Finally, we turn to capital structure value. Some investors refer to this as “special situation investing,” and it’s probably best described in comparative terms. Imagine you are analyzing two companies. One business has a ton of cash and short-term borrowing capacity, but poor long-term prospects. A second business has great assets and long-term profitability prospects but faces a short-term liquidity cash crunch. The first should be considered a value trap, the other a special situation with capital structure value. The first business is likely to burn through that cash and borrowing capacity over time, and even if it restructures its debt, the poor operating characteristics doom it to fail over the long run. In contrast, a company that has great assets (perhaps it’s a low-cost producer or has strong growth prospects) but faces a short-term liquidity crunch is ripe for restructuring. The busi-

and a copy of the hearing procedures. The property owner may appear at the hearing in person, through an agent or by affidavit. If the property owner fails to appear in some form, they will be precluded from appealing the appraisal review board’s decision. The hearing procedures are very informal. All parties are allowed to offer evidence, examine and cross-examine witnesses and present arguments to the board. The property owner is permitted to testify to the value of their property, and may offer an opinion of market value or the inequality of the district’s appraisal. So long as all of the administrative procedures have been followed to completion, a property owner may further appeal the appraisal review board’s decision to a district court or elect to engage in nonbinding arbitra-

tion. Under either avenue, the property owner is required to pay the taxes determined to be due before their delinquency as a precondition of further review. The taxpayer’s petition for review must be filed with the district court within 60 days of the receipt of the appraisal review board’s notice of determination of protest. The review by the district court or arbitrator will be de novo, or new, so neither the taxing authority nor the property owner is bound by the prior rendition of value. Thus, it is possible for the appraisal district to seek a higher value than it sought in the protest hearing or that set by the appraiser. A taxpayer may pursue nonbinding arbitration by moving the district court to refer the case. However, if the taxpayer wants to engage in nonbinding

arbitration, the appraisal district must give its consent. A taxpayer who prevails in a judicial review proceeding may be awarded reasonable attorney fees. Those fees may not exceed the greater of $15,000 or 20 percent of the total amount by which the property owner’s tax liability is reduced by the appeal. The fees may not exceed $100,000 or the total amount by which the property owner’s tax liability is reduced by the appeal, whichever is less. These fee caps prevent property owners from receiving reimbursement for attorney fees where the reduction being sought is a relatively small amount. The award of fees is mandatory when the taxpayer prevails on a judicial review. R. SCOTT ALAGOOD is certified in residential and commercial real estate law by the Texas Board of Specialization and can be reached at alagood@dentonlaw.com or www.dentonlaw.com.

many companies in the energy sector have fallen dramatically. We believe investors who are positioned correctly in the mix of the stocks and the bonds of those companies can realize significant capital structure value. Using the approaches outlined above, investors can determine the intrinsic value of a company. When the company’s share price falls to a big discount to its intrinsic value, we have a margin of safety to invest, and can simply wait for the market scales to appropriately measure the true heft of the business. Given that a number of catalysts are beginning to emerge, value investing may be making comeback. Butch Hale/DMN file photo

A Bronco Drilling crew works near Marshall. ness is destined to succeed; it just needs the right mix of debt and equity to manage itself over the long run. If an investor can position himself in the “fulcrum security,” or the correct level of the capital structure where the lion’s share of the business value will revert after a debt-and-equity restruc-

turing, the opportunities can be great. In our partnership, we have participated in a few of these over the years. Our investment in the bonds (rather than the stock) of Rite Aid as it was restructuring its business generated multibagger returns over time. More recently, the stock prices for

JONATHON FITE is a managing partner of KMF Investments, a Texas-based hedge fund. Jonathon is an adjunct professor with the 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.

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Cover Story

April 2016

Programs prime prospects

Photo by Julian Gill

Denton High School student Meshea Anderson has spent time after school working at Sonic Drive-In since September.

By Julian Gill

On a recent Tuesday afternoon, about 14 Guyer High School students simultaneously shook hands and issued a resounding, “Hi, how are you?” After some mingling and a few light chuckles, they turned their attention back to the two human resource representatives from Labinal Power Systems standing at the front of the room. The students, like many others at high schools in Denton, had just taken their first seminar for United Way’s Denton County

Works program, a resource that gives students fundamental knowledge they need before entering the workforce. Several high schools, including Denton High School and Ryan High School, have their own branch of the program, and they are all starting to get their students ready for the summer hiring

season. Denton County Works isn’t the only resource in the city that helps young students get jobs. Last year, Mayor Chris Watts started an eight-week summer youth jobs program that gives Denton students the opportunity to work at a paid job with the city or a private employer.

According to Cynthia Foster and Ashlie Bagley, the Labinal representatives who were teaching Guyer students how to give a firm handshake, it’s crucial for the city to start preparing students for the workforce. “If [students] are not successful, the community is not successful,” Foster said. “If they come out of school and they can’t get a job, then we have high unemployment rates, then we can’t attract the companies here. So it’s a big cycle, but if they’re successful we’re all more suc-

cessful.” Foster has shared her expertise with students in the program since 2015, and Bagley since the program started in 2014. Denton County Works depends on multiple HR representatives and other industry professionals from companies like Peterbilt Motors Co. and Labinal to tell students exactly what employers are looking for. During each session, students learn about the importance of interviewing, resume building

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April 2016

DRC file photo

Photo by Julian Gill

Cynthia Foster, left, and Ashlie Bagley teach Guyer High School students how to impress potential employers. The seminar was part of the Denton County Works program. and first impressions. They also go through financial literacy training in which they learn how to write a check. Each school hosts its sessions differently, but according to Kayla Stewart, the community impact director at United Way of Denton County, all of the students learn the same values. “Were preparing those individuals to get a job and to have a high-paying wage instead of just [working at] McDonald’s or something,” Stewart said. Students who take the Denton County Works seminars have a leg up if they apply for the mayor’s summer jobs program, Stewart said. The mayor’s program gives students real-world experience, allowing them to apply for 20 jobs with the city and 10 with private employers. It’s a slight boost from last year, when the program had 13 total positions available. Student applicants might be working behind the concession stand at Water Works Park or walking dogs at the Linda McNatt Animal Care and Adoption Center. They typically make minimum wage. “They get to see how that department operates, and they

get to see what the processes are like,” said Jessica Rogers, the assistant city manager who oversees the mayor’s program. Rogers said officials aren’t just trying to help students maintain a seasonal job. They want to educate teenagers who may have to help support their families. She said one student last year ended up getting a full-time job at a fast food restaurant after the eight-week program ended. “I think that’s what so important for us to focus on — that this is a small program but it can make big difference for a lot of people,” Rogers said. This year, Rogers said, the program will have a more structured process that includes a formal open application for participants. It mostly picked students last year based on recommendations from counselors and program advisers. Rogers said officials are hoping to have job skills training and educational luncheons for participants during the summer. But for the hundreds of students who will not get to experience the mayor’s program, Denton County Works is there to give them the basic tools they need JOBS | CONTINUED ON PAGE 14

Denton Mayor Chris Watts gives a presentation on his summer youth jobs program.

Photo by David Minton

Gayla Nelson is the animal services kennel supervisor at the Linda McNatt Animal Care and Adoption Center in Denton. The animal shelter is a potential workplace for students in Mayor Chris Watts’ summer jobs program.

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Cover Story JOBS | CONTINUED FROM PAGE 13

April 2016

before embarking on their first official job search. One Guyer student is well on her way. Maria Añez was one of the students practicing handshakes and listening to Foster and Bagley explain how to give a good interview. The senior had an interview with J.C. Penney Co. right after the session. “I think it’s really important to know these things now rather than get in trouble like a deer in the headlights later in life,” Añez said. “It was a lucky coincidence that today was an interviewing day. I’m [interviewing] for a retail job, so it’s not really that intense. But I think it’s still really important to display confidence.” Courtesy photo/Denton ISD

Students check out the Labinal Power Systems booth during a career fair at the LaGrone Advanced Technology Complex in Denton.

JULIAN GILL can be reached at 940-566-6845 and via Twitter at @juliangill music.

Photo by David Minton

Students can work with animals if they get a summer job at the Linda McNatt Animal Care and Adoption Center.

Business Mixers

Denton Business Chronicle

Denton Chamber of Commerce

April 2016 The Denton booth at Austin’s South by Southwest Interactive Festival in March reflected the Denton Convention & Visitors Bureau’s “original, independent” theme.

The Denton Chamber of Commerce’s LEAD Program gathered the delegates in its coalitions.

Host Coalition

Cindy Tysinger and Carolyn Corpron welcome attendees to Sugar Ridge Winery. The Denton Chamber of Commerce held a Women in Commerce mixer at Sugar Ridge Winery in Sanger.

Outreach Coalition

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Business Spotlight

Houston weathers oil downturn By Juan A. Lozano | AP Amanda Salazar watched for a year as colleagues at the Houston-based oil rig manufacturer where she worked lost jobs, victims of the latest oil bust. She realized it was time for a change before she too got a pink slip. So Salazar left her job as a software trainer with National Oilwell Varco for a similar position at a hospital. Even if the oil market turned around immediately, she reasoned, it might take 18 months before the industry picked up again. “And that’s a long time to be sitting at work wondering if you’re going to get laid off,” she said. For generations, anyone who lived in Houston long enough was sure to feel the pain of an oil bust. But 21st-century Houston isn’t like its oil-dependent predecessor. The city now has a more diversified economy, plus help from a wave of construction at its petrochemical plants. Even as the price of oil has plummeted, Houston has carried on, maintaining a jobless rate of 4.7 percent in February, slightly better than the national average. “Houston in the broadest sense is going to do fine. It’s the individual stories and the individual companies that are going to hurt and suffer,” said Patrick Jankowski, regional economist for the Greater Houston Partnership, a local business group. For the 38-year-old Salazar, her move proved prescient. Her old department was eliminated March 11, the same day she started at Memorial Hermann Sugar Land Hospital. The downturn resulted in about 50,000 layoffs last year of Houston-area oil and gas workers. Oil is still vitally important here. The most recent boom helped create 100,000 jobs annually for several years. Many of the largest energy companies, including ConocoPhillips and Shell Oil Co., are headquartered in Houston and have gleaming buildings in the Energy Corridor, a 10-mile stretch along Interstate

Photo by Pat Sullivan/AP

Shawn Baker stands in a supply closet and talks about her new career Feb. 26 in Houston. After Baker was laid off from a job building power units for offshore oil rigs, she started a service that lets customers take out their frustrations by smashing plates, televisions and other objects with sledgehammers, bats and pipes. 10 that’s home to oil companies as well as energy-related engineering and industrial firms. But the corridor is now dotted with “for lease” signs. Energy companies are dumping empty office space into the sublease market, which has grown to more than 8 million square feet. Another 8 million square feet of new office space that developers have under construction is set to be built this year. These were projects that were already in the pipeline before oil prices started to tumble. The oil downturn has hit

many Houston-based oil companies hard, including: ConocoPhillips, which reported in February that it lost $3.45 billion for the fourth quarter of 2015, and Marathon Oil Corp., which reported a loss of $2.2 billion for 2015. At Carmelo’s Italian Restaurant in the corridor, owner Carmelo Mauro has been forced to cut staff hours and make sure meal portions are exact because of falling revenue. “People are not going out or they are watching what they are spending, or some don’t have a

job,” he said. The layoffs aren’t over. Another 21,000 job losses in the oil and gas sectors are projected for this year, according to the Greater Houston Partnership. Other problems loom, including a projected city budget shortfall of at least $140 million and a slumping commercial real estate market. Still, the area’s petrochemical plants are in the midst of a $50 billion construction boom fueled by low natural gas prices. Cheap natural gas has made it much less expensive to make products

such as plastics at those facilities. At the same time, Houston has expanded well beyond oil. In the 1980s, the city’s economy was 84 percent dependent on oil and energy for its gross domestic product. That figure has dropped to about 44 percent. Health care, construction and education added more than 65,000 jobs in 2015. February home sales were up 2.2 percent compared with the same month last year. And a recent survey by the Houston West Chamber of HOUSTON | CONTINUED ON PAGE 18

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Business Spotlight for Houston,” Gilmer said. Mauro says his restaurant, which has endured numerous oil

April 2016

Photo by Pat Sullivan/AP

Amanda Salazar sits in her office at Memorial Hermann Sugar Land Hospital on March 25. She left National Oilwell Varco just before her department there was eliminated. HOUSTON | CONTINUED FROM PAGE 16

Commerce — which includes the Energy Corridor — found most non-energy businesses were optimistic about the economy. The Memorial Hermann Health System currently has about 3,000 openings, many created by an expansion of facilities fueled by the city’s population growth. According to recent census figures, the Houston metro area had the nation’s biggest population gain between 2014 and 2015. Hundreds of applicants to Memorial Hermann have come from oil and gas workers, said Tanya Cook, the health system’s vice president of talent acquisition. “What a lot of people don’t realize is we have many of the same positions that you would find in any other industry, for instance in oil and gas,” she said. “We’ve got HR positions and we’ve got finance positions and we’ve got IT positions.” One of Memorial Hermann’s new hires is Billy Enochs, who spent about 10 years in the oil industry, most recently as a consultant for ConocoPhillips, before getting laid off in October.

Enochs, 43, who had prior experience in health care, said the latest downturn caught some people off guard, but “it’s a cyclical thing.” “Anybody who’s been in Houston any length of time understands that,” he said. Shawn Baker, 45, was laid off last year from a job building power units for offshore oil rigs. She had trouble finding a new job, so she went into business for herself with an offbeat idea called “Tantrums,” a paid service that lets customers take out their frustrations by smashing plates, televisions and other objects in various rooms with sledgehammers, bats and pipes. Her new business started off slow but recently picked up, and Baker said she’s happy she took the plunge. Despite the economic diversification, the oil downturn could still threaten the city’s future, Bill Gilmer, director of the Institute for Regional Forecasting at the University of Houston, told a February luncheon for the Houston West Chamber of Commerce. If oil prices don’t rebound by the end of 2017, when the construction boom is expected to wind down, it will be “bad news

downturns since opening in 1981, will rebound, along with the city. “The question is,” he said,

“what are we going to do to survive until it turns around once more?”

Business Mixers Denton Chamber of Commerce

The chamberâ&#x20AC;&#x2122;s LEAD Program Welcome Coalition

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

Laughlin Law & Title and Texas 380 RV Storage

Altitude Trampoline Park

Denton Business Chronicle The Denton Chamber of Commerceâ&#x20AC;&#x2122;s LEAD Program is a group of dedicated volunteers representing the chamber in the community.

April 2016

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Vital Statistics BUILDING PERMITS

The following building permits were issued by the Denton Planning and Development department in March. Commericial alterations and commercial permits reflect the owner or tenant and the address of the business.

CERTIFICATES OF OCCUPATION Adrian Rodriguez, 607 Sunset St. Angel Enriquez, 3801 E. McKinney St. BDGC LLC, 2321 N. Masch Branch Road, No. 323 Bell Place Office Park, 610 N. Bell, Ave. A, Ave. C Bill and Dee Builders LLC, 3315 Unicorn Lake Blvd., No. 171 Bruce Isacks, 1701 N. Locust St. C/O Highland Capital, 401 Ame Drive, Pool, Club, Building 1-8, G1-54 E1414 Realty Investment, 1607 E. McKinney St., Suite 100 Everette Newland, 3311 N. Interstate 35, No. 140 Gustavo Torrez, 805 E. McKinney St. Hunynh Accessions Inc., 324 E. McKinney St., No. 100 J. Hawley Properties LLC, 820 N. Elm St. Jack Boyd, 2301 N. Masch Branch Road, Suite 208 Jaspaul Bhangoo M.D., 3323 Colorado Blvd., No. 101 Ken Currin, 708 N. Locust St. Kimberly Hall, 1607 E. McKinney St., No. 90 Kukahi Corporate Solutions, 627 S. Mayhill Road, No. 101 Louise Davis, 529 N. Elm St., 525 N. Elm St. Masch Branch Realty LP., 2301 N. Masch Branch Road, No. 210-211 Nancy Do, 2317 W. University Drive, No. 179 National Denton Auto, 2105 Sadau Court, No. 130 Rene Medina, 803 S. Locust St. RR Marketplace LP., 2530 W. University Drive, Suite 1100 Seley Properties Inc. LLC, 424 Bryan St. THHBP Management, 2801 S. Mayhill Road Thomas Medelberg, 3923 Morse St., No. 118 Thomas Spikes, 1610 W. University Drive

COMMERCIAL ALTERATION AT&T Mobility, 1221 W. Oak St. Brian Lorenz, 1800 S. Loop 288, No. 218 Cellfone USA, 2201 S. Interstate 35E, H1B City of Denton Solid Waste, 651 S. Mayhill Road, 1527 S. Mayhill Road Crown Castle Towers, 1720 W. University Drive Joe Northern Building Owner, 410 N. Bell Ave., Building B Pack N Mail, 1800 S. Loop 288 Roland Law Office, 903 N. Elm St., No. 101 Shelbee Lee, 3839 Market St. Sign It and Drive It, 3831 Market St. Sleep Number, 2735 W. University Drive, No. 1095 Texas Cardiovascular Specialist, 3535 S. Interstate 35E The Neu Boutique, 2000 Denison St., No. 104 Todd McCown, 2735 W. University Drive, No. 1065 Verizon Wireless, 3568 Teasley Lane Village Operating LLC, 505 S. Locust St. Woman To Woman, 420 E. McKinney St., No. 100 Zera Coffee Company, 420 E. McKinney St.

COMMERCIAL 2800 Airport Road LP., 2800 Airport Road CHC Development, 6421 Meandering Creek Drive City of Denton, 1671 Spencer Road, 1945 Matt Wright Lane

Cook Childrens, 2530 Scripture St. Lockard Denton LLC, 3926 Teasley Lane PACCAR Inc., 3200 Airport Road Southridge Plaza, 2416 Lillian B. Miller Parkway, No. 180

RESIDENTIAL Beazer Homes, 7217 Bishop Pine Road Bloomfield Homes LP 9304 Benbrook Lane 6012 New Ballinger Drive Daniel Elizondo, 637 Woodland St. DR Horton, 2421 Windhaven Drive Forestar Real Estate Group 3608 Lakeview Blvd. 3604 Lakeview Blvd. 7351 Sweetgate Lane

HMH Lifestyles LP, 3308 Camino Real Trail History Maker Homes 5405 Sea Cove Lane 5400 Sea Cove Lane 5408 Sea Cove Lane 5312 Sea Cove Lane 5309 Sea Cove Lane 5317 Sea Cove Lane 5401 Sea Cove Lane 5320 Sea Cove Lane 5321 Sea Cove Lane 5313 Sea Cove Lane 3416 San Lucas Lane 3420 San Lucas Lane 3300 San Lucas Lane 5313 Wharfside Place 5305 Wharfside Place Kingsway Builders, 313 Matthew Ave. Lennar Homes 4205 Roxbury St. 4209 Roxbury St. 1912 Sapphire St. Quiro Melendez, 1906 Audra Lane Robson Denton Dev. LP 9604 Rivercrest Drive 9813 Blackwood Drive 11905 Southerland Drive 11633 Melrose Drive 9816 Ironwood Drive 9800 Blackwood Drive 9536 Crestview Drive

The following sales permits were issued by the state comptroller’s office for March. The list includes the owner, name of business and address within ZIP codes 75065, 75068, 76201, 76203, 76205, 76207, 76208, 76209, 76210, 76226, 76227, 76234, 76249, 76258, 76259 and 76266.

75068 Alexander Bethune and Naomi Serra-Bethune, Sentry Pro Fence, 2009 Sunny Side Drive, Little Elm Barbering Ventures LLC, Barbering Ventures LLC, 2216 Hamden Court, Little Elm Beverly P. Malone, Beverly Malone, 2050 FM423, Apt. 5422, Little Elm Brittany Ann Corrington, Lovejoyandwreaths, 2404 Thunderbrook Drive, Little Elm

C&J's Party Rentals LLC, C&J's Party Rentals LLC, 1739 Preston On The Lake Blvd., Little Elm Cameron Green Cameron Green, 1404 Red Drive, Little Elm Corporate Transactions Inc., Corporate Auto Sales, 1413 Rosson Road, Little Elm Five Dragonflies Management LLC, D3 Salon, 1717 E. Eldorado Parkway, Suite 102, Little Elm Five Dragonflies Management LLC, Wash Zone 2, 1717 E. Eldorado Parkway, Little Elm Georges Services LLC, Georges Services LLC, 1121 Shell Beach Drive, Little Elm Grand Floors By Design Inc., Grand Floors By Design Inc., 2700 E. Eldorado Parkway, Suite 202, Little Elm Grant Healy, Mr. Jims, 800 W. Eldorado Parkway, Little Elm Jamila Burns, No One Greater, 2712 Sunlight Drive, Little Elm Jun Bakery Inc., Sunny Donut, 2405 FM423, Suite 450, Little Elm

Tanger outlet mall to be built next to TMS

RECAP | CONTINUED FROM PAGE 2

seating for 75 to 100 people, depending on what fire department officials decide during inspection, Watkins said. With the expanded stage, the restaurant can attract bigger acts to play, Watkins said. LSA will be able to divide the two patios for private events. The rooftop adds 3,000 square feet of space to the restaurant, and the downstairs portion adds about 800 square feet, at the back of the Convention & Visitors Bureau’s storefront space.

Gabriel Marquez, 705 N. Bradshaw St.

SALES TAX

75065 Randy G. Mclain, Renyee Dubois, 28 Lakewood Drive, Hickory Creek Robyn Pope, Haute Dog: Couture Pet Photography, 200 Thoroughbred Drive, Hickory Creek Shannon Chapman, Chapys Pressure Washing, 321 Georgian Oak Court, Lake Dallas Taha H. Hameer, Awwrganic, 321 Ashley Oak Lane, Lake Dallas

Monthly News Recap

Parents of missing UNT student brace for news It takes less than two minutes to walk from the steps of the Denton Police Department up Railroad Avenue to the busy corner at McKinney Street. On a bright July afternoon in 1997, Kelli Cox, a 20-year-old student at the University of North Texas, made that short walk. Then she vanished. In March, authorities started digging in a southeast Houston field for Kelli’s remains. Denton police Officer Shane Kizer said — without elaborating — that investigators developed evidence pointing to an Oklahoma truckdriver, a sex offender with a long history of violence against young women. They learned that he was traveling along Interstate 35 near Denton around the time Kelli went Mary Gwin Swinney, Mary Swinney, 2720 Cowboy Trail, Little Elm Nelson North Texas Equipment Sales LLC, Nelson North Texas Equipment Sales, 1039 Port Boliver Drive, Little Elm Susan H. Lee, Behold Life Photography, 3512 Pinnacle Bay Point, Little Elm Trustedsec LLC, Trustedsec LLC, 2332 Hickory Court, Little Elm

76201 7-Eleven Inc., 7-Eleven Convenience Store No. 36059J, 2225 W. University Drive, Denton Caliber Bodyworks of Texas Inc., Caliber Collision Centers, 110 Pauline St., Denton Cathy M. Mitchell, Miriam Studios, 1512 Panhandle St., Denton Denton Glass Company Inc., Denton Glass Company Inc., 520 S. Elm St., Denton Exposing History Photography LLC, Exposing History Photography, 701 Fort Worth Drive, No. 133, Denton NL Restaurant Group LLC, Thai Ocha, 1509 Malone St., Denton Robin M. Major, Girl On Bike Productions, 501 S. Locust St., Apt. 1221, Denton Shadow Networks LLC, Shadow Networks LLC, 112 S. Oakland St., Apt. 236, Denton Tevin Mosley, Tevin Mosley, 1004 Cleveland St., Denton

Photo by David Minton

Lone Star Attitude Burger Co. soon will open a rooftop expansion. missing. The trucker, William Reece, was convicted in 1998 of kidnapping a woman in Harris County on May 16, 1997 — two months before Cox vanished. Now 56, he is serving 60 years in prison. Last month, according to news accounts, Reece suggested to authorities that Kelli’s remains, along with those of a missing teen from Galveston, are buried in a horse pasture on Houston’s southeast side. Excavations are under way. Police won’t say what they’re looking for, but the Houston Chronicle reported March 4 that Reece was “spotted pacing the pasture, seeming to direct where backhoes and bulldozers should plow.”

76203 Tucker Moore, Moore Leather Company, 1155 Union Circle, No. 305227, Denton

76205 Adamcik Enterprises LLC, Denton Transco, 3228 Fort Worth Drive, Unit 100, Denton Aleisha Sanchez, Owlsome Designs, 1710 Sam Bass Blvd., Apt. 1503, Denton Alia Sheppard, Phresh Glam, 1501 S. Loop 288, Suite 104215, Denton Cherie Elaine Crettol, Cecsgreatdeals, 1969 Colorado Blvd., Apt. E, Denton Christopher Flesher, Denton Gastronaut, 108 Inman St., Denton Dom Corp Domaine, De La Octade, 516 S. Interstate 35E, Denton Juan D. Morales and Reyna Castillo, Rustic Patio and Concrete, 1401 Fort Worth Drive, Denton Kathy Joyce Porter, Wind Goddess, 3405 Roselawn Drive, Denton Little Guys Movers Inc., Little Guys Movers Inc., 2201 Fort Worth Drive, Denton RT's Social Club Inc., RT's Social Club Inc., 1100 Dallas Drive, Suite 124, Denton Svitlana V. Lisniak, Universal Cleaning Company, 514 Alegre Vista Drive, Denton

76207 Angela Allen, Angela Allen, 328 Gabe Court, Denton

Tanger Factory Outlet Centers plans to build a 350,000-squarefoot shopping center in north Fort Worth next to Texas Motor Speedway. The Tanger center is part of the 279-acre mixed-use project called Champions Circle being developed by Fine Line Diversified Development, which is controlled by Fort Worth developer Ed Bass. Tanger didn’t provide an opening date or say when construction will begin. Construction takes about 12 months, said Tanger Outlets CEO Steven Tanger. “As momentum for this exciting project continues to build in the coming months, we look forward to sharing further details on our anticipated timeline.” Tanger may be hedging on his start time because there’s a competing project trying to get built by Fort Worth-based Woodmont Land Co. The Outlets at Alliance, a proposed 580,000-square-foot mall near Interstate 35W and Cabela Drive is too close for both projects to get built. The proposed Tanger center would house 70 brand stores. So far, Tanger has signed leases with Nike, Levi’s, Banana Republic, Gap, Old Navy, Express, Skechers, Carter’s and Oshkosh. The shopping center is expected to employ 400 full-time and part-time workers during the construction phase. More than 900 jobs are expected to be created after the center opens.

Frost Pros Corporation, Frost Pros Corporation, 3511 Shelby Lane, Denton Psix Equipment LLC, Psix Equipment LLC, 2020 Skylane Denton Quality Handyman & Landscaping Service LLC, Quality Handyman & Landscaping Service LLC, 4007 Hampton Road, Denton Robson Ranch Denton Homeowners Association, Robson Ranch Denton Homeowners Association, 9448 Ed Robson Circle, Denton Rogers Trading Post LLC, Rogers Trading Post LLC, 8425 W. University Drive, Denton The Esab Group Inc., The Esab Group Inc., 2800 Airport Road, Denton

76208 Allyson Polman, Allyson Polman, 241 Cunningham Road, Denton Barbra A. Lloyd, Sister Ann Creations, 2108 Lea Meadow Circle, Corinth CIS 24 Hour Monitoring Inc., CIS 24 Hour Monitoring Inc., 8525 Stallion Court, Denton CWL Services LLC, Mow & Go Lawn Service, 3924 Fawn Drive, Denton Justin Bristol and Dayna Bristol, Moto Squad Designs, 3812 Oceanview Drive, Denton

SALES | CONTINUED ON PAGE 23

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Vital Statistics MIXED BEVERAGE TAX

The following mixed beverage tax information was issued by the state comptroller’s office for March. The list includes the name of the business, address and reported tax.

380 Roadhouse LLC, 26781 E. U.S. Highway 380, Little Elm, $4,214.70 940s Kitchen & Cocktails, 219 W. Oak St., Denton, $2,204.90 American Legion Post No. 550, 905 N. Foundation, Pilot Point, $970.42 Andy's Bar and Grill, 122 N. Locust St., Denton, $6,280.31 Angelina's Mexican Restaurant, 1400 N. Corinth St., Suite 111, Corinth, $1,006.74 Applebee's Neighborhood Grill, 707 S. Interstate 35E, Denton, $3,368.89 Applebee's Neighborhood Grill, 2672 FM423, Little Elm, $2,075.32 Aramark Educational Services, 303 Adminstration Drive, Denton, $72.09 Ashton Gardens, 2001 Ashton Gardens Lane, Corinth, $1,550.78 B.P.O.E. Denton No. 2446, 228 E. Oak St., Denton, $818.00 Barley & Board, 100 W Oak St., Suite 160, Denton, $5,175.01 Best Western Area Crown Chase, 2450 Brinker Road, Denton, $199.12 BJ's Restaurant & Brewery, 3250 S. Interstate 35E, Denton, $4,734.75 Black-Eyed Pea, 2420 S. Interstate 35E, Denton, $0 Bone Daddys House Of Smoke, 3258 S. Interstate 35E, Denton, $0 Bone Daddys House Of Smoke, 3258 S. Interstate 35E, Denton, $165.69 Boomerjack Wings No. 8, 407 W. University Drive, Denton, $1,351.39 Brunswick Zone Denton, 2200 San Jacinto Blvd., Denton, $1,226.03 Buffalo Wild Wings Grill & Bar, 1400 S. Loop 288, Suite 110, Denton, $2,812.86 Cabana Beverages Inc., 2330 W. University Drive, Denton, $172.59 Casa Torres Mexican Restaurant, 2708 FM51, Decatur, $1,206.40 Chili's Grill & Bar, 600 S. U.S. Highway 287, Decatur, $2,415.21 Chili's Grill & Bar No. 1562, 2825 W. University Drive, Denton, $0 Chili's Grill & Bar, 2406 S. Interstate 35E, Denton, $2,238.87 Chilitos Private Club Inc., 619-623 S. Denton Drive, Lake Dallas, $264.44 Chipotle Mexican Grill, 1224 W. Hickory St., Denton, $42.00 Chuy's Denton, 3300 Wind River Lane, Denton, $4,765.64 Cool Bean's, 1210 W. Hickory St., Denton, $3,815.51

Courtyard By Marriott, 2800 Colorado Blvd., Denton, $209.10 Dani Rae's Gulf Coast Kitchen, 2303 S. Interstate 35E, Denton, $1,612.95 Dan's Silverleaf, 103 Industrial St., Denton, $2,485.16 Drunken Donkey Bar & Grill, 3350 Unicorn Lake Blvd., Denton, $5,887.02 Dusty's Bar & Grill & Haileys, 119 S. Elm St., Denton, $2,619.23 East Side Denton Oak Street, 117 E. Oak St., Denton, $11,776.79 El Fenix-Denton Texas, 2229 S. Interstate 35E, Denton, $785.57 El Guapo's, 419 S Elm St., Denton, $715.02 Ernesto's Mexican Restaurant, 10279 E. FM455, Suite 1, Pilot Point, $2,173.54 Frilly's, 1803 S. U.S. Highway 287, Decatur, $1,598.95 Fry Street Public House, 125 Ave. A, Denton, $5,965.07 Fry Street Public House, 125 Ave. A, Denton, $5,476.17 Fuzzy's Taco Shop, 109 N. State St., Decatur, $1,090.82 Fuzzy's Taco Shop, 115 Industrial St., Denton, $753.01 Fuzzy's Taco Shop, 2412 S. Interstate 35E, Denton, $1,156.68 Fuzzys Taco Shop, 421 S. U.S. Highway 377, Argyle, $831.87 Fuzzy's Taco Shop Cross Roads, 11450 U.S. Highway 380, Suite 160, Cross Roads, $1,281.37 Genti's Private Club Inc., 3700 FM2181, Hickory Creek, $439.38 Hannahs, 111 W. Mulberry St., Denton, $2,929.03 Harvest House, 331 E. Hickory St., Denton, $6,586.90 Hickory & Fry, 1206 W. Hickory St., Denton, $737.00 Hickory Street Lounge, 212 E. Hickory St., Denton, $2,002.36 Hilton Garden Inn Denton, 3110 Colorado Blvd., Denton, $719.11 Holiday Inn Denton, 1434 Centre Place Drive, Denton, $134.46 Hooligans LLC, 104 N. Locust St., Denton, $3,987.50 Hooters, 985 N. Interstate 35E, Denton, $3,404.06 Horny Toad Cafe & Bar, 5812 N. Interstate 35, Denton, $1,003.99 Hula Hut Restaurant, 210 E. Eldorado Parkway, Little Elm, $4,353.86 II Charlies Bar & Grill, 809 Sunset St., Denton, $3,955.27 J R Pockets Club, 1127 Fort Worth Drive, Denton, $2,555.44 Jack's Tavern, 508 S. Elm St., Suite 101, Denton, $2,721.40 Jem Beverage Company LLC, 217 W. Division St., Pilot Point, $5.56 Johnny Carino's Italian, 1516 Centre Place Drive, Denton, $726.54

Keiichi LLC, 500 N. Elm St., Denton, $340.89 Kobe Sushi &Suiteak LLC, 2832 E. Eldorado Parkway, Suite 208, Little Elm, $253.66 La Casa Velez, 2831 W. Eldorado Parkway, Suite 112, Little Elm, $732.77 Lake Cities Post No. 88, The A, 105 Gotcher Ave., Lake Dallas, $1,337.11 Lake Dallas Point Restaurant, 303 Swisher Road, No. 100, Lake Dallas, $1,746.42 Lantana Golf Club, 800 Golf Club Drive, Argyle, $1,653.89 Las Cabos Cantina, 4451 FM2181, Corinth, $132.86 Leeper Creek Bbq & Cantina, 3142 N. U.S. Highway 287, Decatur, $0 Lone Star Attitude Burger Co., 113 W. Hickory St., Denton, $4,871.70 Los Jalapenos Restaurant, 420 E. Eldorado Parkway, Little Elm, $194.83 Lowbrows Beer and Wine Garden, 200 W. Washington St., Pilot Point, $564.07 Lucky Lou's, 1207 W. Hickory St., Denton, $8,301.50 Luigi's Pizza Italian Restaurant, 2000 W. University Drive, Denton, $193.16 Mable Peabody's Beauty Parlor, 1125 E. University Drive, Suite 107, Denton, $1,276.81 Mellow Mushroom, 217 E. Hickory St., Denton, $1,659.45 Meritt Ranch Beverages Limited, 2946 Ganzar Road, Denton, $100.90 Metzlers Food and Beverage Inc., 1251 S. Bonnie Brae St., Denton, $315.90 Mi Taza Latin Tex-Mex Café, 5017 Teasley Lane, Suite 101, Denton, $799.37 Miguelito's, 1521 E. McCart St., Krum, $683.60 Milestone Events LLC, 1301 W. Sherman Drive, Aubrey, $0 Milestone Events LLC, 1301 W. Sherman Drive, Aubrey, $0 Movie Tavern Denton, 916 W. University Drive, Denton, $2,310.16 Muddy Jake's Sports Grille, 222 W. Hickory St., Suite 104, Denton, $0 Mulberry Street Cantina, 110 W. Mulberry St., Denton, $3,192.68 Norman Heitz Memorial Post 104, 501 Thompson Lake Dallas, $1,059.73 Oak Street Drafthouse, 308 E. Oak St., Denton, $5,583.64 Oakmont Country Club, 1200 Clubhouse Drive, Corinth, $1,503.01 Ollimac Company, 1400 Corinth Bend, Suite 103, Corinth, $680.65 On The Border, 2829 S. Interstate 35E, Denton, $2,807.76 Outback Steakhouse, 300 S. Interstate 35E, Denton, $2,136.22 Pedro's Tex Mex & Grill, 420 E. McKinney St., Suite 100, Denton, $115.84 Pedro's Tex Mex & Grill, 420 E. McKinney St., Suite 100, Denton, $76.24 Pedro's Tex Mex & Grill, 420 E. McKinney St., Suite 100, Denton, $0

Pedro's Tex Mex & Grill, 420 E. McKinney St., Suite 100, Denton, $0 Pedro's Tex Mex & Grill, 209 S. Washington St., Pilot Point, $338.68 Pedro's Tex Mex & Grill, 209 S. Washington St., Pilot Point, $371.51 Pedro's Tex Mex & Grill, 209 S. Washington St., Pilot Point, $401.73 Pedro's Tex Mex & Grill, 209 S. Washington St., Pilot Point, $524.94 Pei Wei Fresh Kitchen, 1931 S. Loop 288, Suite 130, Denton, $75.10 Phil Miller Post No. 2205 VFW, 909 Sunset St., Denton, $1,201.71 Pilot Point Columbus Club, 221 N. Prairie St., Pilot Point, $11.18 Pilot Point Columbus Club, 221 N. Prairie St., Pilot Point, $37.72 Pizza Hut, 730 S. U.S. Highway 377, Pilot Point, $14.80 Pollo Tropical Beverages LLC, 2220 S. Loop 288, Denton, $19.22 Prairie House Restaurant, 10001 U.S. Highway 380, Cross Roads, $1,291.49 Queenie's Steakhouse, 113 E. Hickory St., Denton, $1,685.72 Red Lobster No. 6349, 2801 S. Interstate 35E, Denton, $1,718.34 Riprock's, 1211 W. Hickory St., Denton, $4,471.91 Robson Ranch Denton Homeowners, 9428 Ed Robson Circle, Denton, $1,873.25 Rock 101 Patio Grill, 2833 Eldorado Parkway, Suite 301, Little Elm, $4,695.02 Rockin Rodeo, 1009 Ave. C, Denton, $4,570.27 Rooster's Roadhouse, 113 Industrial St., Denton, $2,446.97 Rooster's Roadhouse Decatur, 106 N. Trinity St., Decatur, $1,791.44 Rosa's Cafe & Tortilla Factory, 1275 S. Loop 288, Denton, $181.10 RT's Social Club Inc., 1100 Dallas Drive, Suite 124, Denton, $7,003.10 Rubber Gloves Rehearsal Studio, 411 E. Sycamore St., Denton, $959.23 Rusty Taco Denton, 210 E. Hickory St., Denton, $801.45 Savory Bistro & Gourmet To Go, 2650 E. FM407, Suite 165, Bartonville, $1,561.43 Service Industry, 222 W. Hickory St., Suite 103, Denton, $594.55 Service Industry, 222 W. Hickory St., Suite 103, Denton, $294.26

Shots and Crafts LLC, 103 Ave. A, Denton, $565.27 Shots and Crafts LLC, 103 Ave. A, Denton, $0 Starbucks No. 6698, 4600 Swisher Road, Hickory Creek, $0 Sweetie Pie's Ribeyes, 201 W. Main St., Decatur, $386.05 Sweetwater Grill & Tavern, 115 S. Elm St., Denton, $1,652.35 Tex Tapas, 109 Industrial St., Denton, $216.27 Texas Roadhouse, 2817 S. Interstate 35E, Denton, $3,494.65 The Abbey Inn Restaurant & Pub, 101 W. Hickory St., Denton, $3,050.17 The Aztec Club, 720 W. University Drive, Denton, $1,619.05 The Bears Den, 11670 Massey Road, Pilot Point, $170.11 The Draft House Bar & Grill, 2700 E. Eldorado Parkway, Suite 250, Little Elm, $2,951.35 The Fry Street Tavern, 121 Ave. A, Denton, $5,014.28 The Garage, 113 Ave. A, Denton, $3,828.71 The Green House, 600 N. Locust St., Denton, $1,639.28 The Labb Club, 218 W. Oak St., Denton, $1,858.51 The Loophole, 119 W. Hickory St., Denton, $3,739.20 The Olive Garden Italian Restaurant, 2809 S. Interstate 35E, Denton, $1,664.34 Tokyo Samurai, 3600 E. FM407, Suite 100, Bartonville, $587.12 Toms Daiquiri Place, 1212 W. Mulberry St., Denton, $1,102.35 Tower Tap House, 290 E. Eldorado Parkway, Little Elm, $4,125.05 University Lanes, 1212 E. University Drive, Denton, $1,011.83 Verona Pizza Italian Restaurant, 201 Loop 81, Decatur, $34.84 Villa Grande Mexican Restaurant, 12000 U.S. Highway 380, Suite 100, Cross Roads, $1,435.74 Villa Grande Mexican Restaurant, 2530 W. University Drive, Suite 114, Denton, $1,586.96 Vitty's Sports Bar, 1776 Teasley Lane, Suite 102, Denton, $1,804.91 Vizcarra, 114 W. Congress St., Denton, $56.41 Walters Tavern, 201 Main St., Lake Dallas, $2,636.58 Wildhorse Grill, 9440 Ed Robson Circle, Denton $Wing Daddys Sauce House, 2763 E. Eldorado Parkway, Suite 105, Little Elm, $2,614.27 Wing Town, 4271 FM2181, No. C316, Corinth, $0 Xchan Thai Bistro and Sushi, 113 N. State St., Decatur, $61.03

Vital Statistics LIENS

VEHICLE SALES

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

DOMESTIC CARS TYPE Limited sales excise and use tax Limited sales excise and use tax Limited sales excise and use tax

AMOUNT $4,997.33 $1,158.88 $1,790.23

REC. DATE 03/14/2016 03/16/2016 03/28/2016

TYPE Limited Sales, Excise and Use Tax Limited Sales, Excise and Use Tax Limited Sales, Excise and Use Tax

AMOUNT $2,975.49 $1,480.02 $181.89

REC. DATE 03/16/2016 03/22/2016 03/22/2016

TYPE 1040 1040 1120 1040 1040 941 940, 941 CIVP 1040 941 1120 1040 1040 1040

AMOUNT $15,469.95 $59,769.62 $1,458.37 $6,379.57 $40,439.02 $83,872.85 $14,764.74 $26,048.34 $37,819.09 $5,754.95 $21,719.64 $27,381.58 $41,456.84 $66,381.36

REC. DATE 03/01/2016 03/03/2016 03/03/2016 03/08/2016 03/08/2016 03/10/2016 03/10/2016 03/10/2016 03/22/2016 03/23/2016 03/23/2016 03/29/2016 03/29/2016 03/29/2016

RELEASE OF STATE TAX LIENS NAME/ADDRESS Laurie A. Kelsoe, 2225 Fairfax Trail, Denton Tire Dealer’s Warehouse Inc., 3004 Broken Bow St., Denton Tire Dealer’s Warehouse Inc., 3004 Broken Bow St., Denton

FEDERAL TAX LIENS NAME/ADDRESS Aaron J. Bradetich, 302 Jagoe St., Apt. B, Denton Bradley and Alyssa McKissack, 2920 Frontier Drive, Denton 4Tech Communications Inc., 525 Fort Worth Drive, Suite 201, Denton Miles R. Bustamante, 3411 Friesian Court, Denton Rachel Khoriander, 328 Normal St., Denton GSAT Inc., 100 W. Oak St., Suite 200, Denton Karen Wilson Courthouse Collection, 111 W. Hickory St., Denton Julia C. Young, 3924 Parkhaven Drive, Denton Donald E. Wright, 314 Texas St., Apt. 2, Denton Fish-N-Chirps Pet Center Inc., 914 W. University Drive, Denton Insta-Tune Inc., 721 S. Woodrow Lane, Denton Kenneth D. Fairman, 1605 Highland Park Road, Denton Karl F. Catherine C. Lynch, 3505 Montecito Drive, Denton Smith Williams E. III, 1404 Brandywine Circle, Denton

RELEASE OF FEDERAL TAX LIENS NAME/ADDRESS William Friedhofer, 1608 Buena Vista Drive, Denton David J. Urbina and Patricia Clifton, 620 W. Hickory St., Denton Jason P. Delarosa, 2817 Newport Ave., Denton Rodolfo Medina and Yamileth Espinoza, 9100 Teasley Lane, Trailer 29H, Denton Virgil and Sharon Smith, 1517 Willowwood, Denton

TYPE 1040 1040 1040 1040 1040

AMOUNT $35,874.88 $113,919.95 $7,279.05 $14,606.24 $29,300.03

REC. DATE 03/01/2016 03/03/2016 03/03/2016 03/10/2016 03/22/2016

MECHANICS LIENS NAME/ADDRESS Ron Godec and Jeremy R. Masters, 8512 Sterling Drive, Denton Monica Arellano and Alejandro Perez, 1009 Fincher Trail, Denton

CONTRACTOR Klapprodt Pools I Ltd. Noble Classic Homes

SALES TAX

The following sales permits were issued by the state comptroller’s office for March. The list includes the owner, name of business and address within ZIP codes 76208, 76209, 76210, 76226, 76227, 76234, 76249, 76258, 76259 and 76266.

SALES | CONTINUED FROM PAGE 20 Patrick Rielley Combs, Gaia Bedes, 3520 Camino Real Trail, Denton The Fast Center LLC, The Fast Center LLC, 3917 Morse St., Denton

76209 Aks Car Wash LLC, Cornerstone Car Wash, 205 N. Loop 288, Denton Crystalline Hansel and Lewis Hunnicutt, Crystalline Hansel and Lewis Hunnicutt, 1314 E. Windsor Drive, Denton Glendy Blas and Fredy Blas, Restaurante Los Gallos, 302 N. Crawford St., Denton Lisa Monique Mccullough, Irregular Archive, 2002 Cherrywood Lane, Denton

76210 Danielle D. Beechum, DBT Foods, 2700 Colorado Blvd., Apt. 1712, Denton Gloria's Cleaning Service LLC, Gloria's Cleaning Service LLC, 2208 Great Bear Lane, Denton Heath Randall Daniels, Heath R. Daniels, 3204 Mulholland Road, Corinth Hollye Maria Brown, Hollyedaze&Specialtees, 3300 Peakview Drive, Corinth Jonathan Earl Cary, Jonathan Cary, 2812 Clark Drive, Corinth Patti Vontour, Vontour, 1103 Oakhollow Drive, Corinth Tashfeena Taufiq, Snail Vs. Spice Boutique, 8004 Cherry Tree Lane, Denton

76226 Deborah Elaine Farmer, Kissables By Nene, 9489 Hilltop Road, Argyle Hollywood Feed LLC, Hollywood Feed LLC, 3400 E. FM407, Suite 200-30, Bartonville Lacey Fenoglio, Lacey Fenoglio, 403 Bent Creek Cove, Argyle Rebecca Leeanne Suitello Shanna, Ashleys Salon, 2652 E. FM407, Suite 135, Bartonville Reverie Farms LLC, Reverie Farms LLC, 9896 Macaway Drive, Argyle Starbucks Corporation, Starbucks Coffee No. 29132, 3012 E. FM407, Suite 200, Bartonville

76227 Belknap Food Corp., Starwood Café, 26735 E. U.S. Highway 380, Suite 130, Little Elm Donna Lee Cushman, Dcushdesigns, 1625 Timber Ridge Trail, Cross Roads Jeremy Clark, Jeremy Clark Art, 1408 Sparrow Lane, Aubrey Paxica Security Group LLC, Paxica Security Group LLC, 181 Las Colinas Trail, Cross Roads The Winery @ Aubrey Inc., Wine In The Woods, 2297 FM2931, Aubrey White Rabbit Ltd. Co., White Rabbit Ltd. Co., 201 S. U.S. Highway 377, Cross Roads

76234 Angela Browning, Rah Rah Ragz, 329 Busey Blvd., Decatur Bridget Meyer, Hippie Alice Boutique, 601 E. Hale Ave., Decatur

April 2016

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

STATE TAX LIENS NAME/ADDRESS Amanda K. Miner, 721 S. Elm St., Suite 101, Denton Gregory S. Urschel, 815 N. Locust St., Denton Elizabeth Dianne Shuman, 2317 W. University Drive, Suite 185, Denton

Denton Business Chronicle

AMOUNT $62,000 $463,152.0

REC. DATE 03/22/2016 03/23/2016

Floors and More Inc., Floors And More Inc., 160 County Road 3051, Decatur Karen L. Fox, Crazy Fox Boutique, 307 W. Main St., Suite A, Decatur Marie A. James, Northern Exposure, 859 County Road 1170, Decatur Reeves Automotive LLC, Reeves Automotive, 469 County Road 2195, Decatur

76249 Jennifer Kay Berrier, JD Fan Wear, 320 Leaning Tree St., Krum Joshua Micheal Griffith, Joshua Griffith Enterprises, 7744 N. Hickory Road, Krum

76258 First In Fire Trucks LLC, First In Fire Trucks LLC, 10279 E. FM455, Building 3, Pilot Point KelliSuiteed Inc., Boots & Bows Childcare Center, 1200 S. Washington St., Pilot Point

76259 Sonja Ann Goodman, Cheveux Salon & Spa, 1003 N. FM156, Suite C, Ponder

76266 Brenton Timothy Riley, Brenton Riley, 6230 Deer Run Road, Sanger Fifty Door Partners LLC, AJW Architectural Products, 201 Railroad Ave., Sanger Gregory Manning, Francisca's Daughter, 10024 Kildee Trail, Sanger Melissa Giguere, Melissa's Corner, 391 Muir Road, Sanger Michael W. Roberts, The Golf Kart Konnection, 7424 Michael Road, Sanger Petticoats & Pearls Inc., Petticoats & Pearls Inc., 11545 Eagle View Circle, Sanger Stephanie Sue Pienta, Wyanotte Wyandottes Poultry, 4287 Belz Road, Sanger

Make Acura BMW Buick Cadillac Chevrolet Chrysler Dodge Fiat Ford GMC Hino Honda Hyundai Infiniti Isuzu Jeep Kia Lexus Lincoln Mack Mazda Mercedes-Benz Mitsubishi Nissan Ram Subaru Tesla Toyota Volkswagen Others Total

Feb. sales 0 0 8 22 154 11 63 0 240 31 0 219 16 0 0 84 34 2 1 0 8 1 11 193 2 22 3 209 43 1 1,378

IMPORTED CARS Year to date 0 1 21 41 307 30 126 0 552 58 0 440 41 0 0 182 66 2 1 0 17 2 28 441 8 45 10 452 102 2 2,969

DOMESTIC TRUCKS Make BMW Chevrolet Dodge Ford Freightliner GMC Hino Honda International Isuzu Kenworth Lincoln Mack Nissan Peterbilt Ram Subaru Toyota Volvo Western Star Others Total

Feb. sales 0 129 1 180 0 44 0 1 0 1 1 0 0 16 4 79 0 54 0 0 2 512

Year to date 0 276 1 493 1 120 0 1 0 2 4 0 0 41 10 169 0 100 0 0 4 1,222

Make Acura Alfa Romeo Aston Martin Audi BMW Bentley Buick Chevrolet Ferrari Fiat Ford Honda Hyundai Infiniti Jaguar Jeep Kia Lamborghini Land Rover Lexus Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Porsche Ram Rolls-Royce Smart Subaru Toyota Volkswagen Volvo Total Total cars

Feb. sales 0 0 0 6 1 0 8 14 0 1 4 3 20 0 0 10 84 0 0 1 1 35 0 1 0 30 45 2 2 0 0 52 60 15 3 398 1,776

Year to date 0 0 0 8 3 0 13 18 0 1 10 5 43 0 1 23 154 0 0 2 2 86 0 3 0 64 122 2 2 0 0 106 131 35 3 837 3,806

IMPORTED TRUCKS Make Chevrolet Ford Freightliner Hino Isuzu Land Rover Mercedes-Benz Mitsubishi Ram Toyota Total Total trucks Total vehicle sales

Feb. sales 0 3 0 0 1 0 0 0 1 0 5 517 2,293

Year to date 0 6 0 0 2 0 1 0 6 0 15 1,237 5,043

ASSUMED NAMES

The following names (followed by DBA and address) were posted in March at the Denton County Clerk’s office.

NAME — DBA/ADDRESS

Cherie Crettol, Cecsgreatdeals, 1969 Colorado Blvd., Apt. E, Denton Glen Sheppard and Sondra Herman, The Cuddle Time Company, 6508 Lantana Drive, Denton IDA Martin, Healthy Pedicures and Professional Nail Care, 2640 W. University Drive, Suite 16, Denton Jeremy Dean, Good Bartenders, 301 W. Prairie St., Denton Joseph and Mary Stockard, Downtown Denton Parking, 120 E. Oak St., Denton Julie Butler, Way Out AA Group, 1114 W. University Drive, Denton Kayla Smith, Steadfast Truth, 2013 Creekdale Drive, Denton Margarita Lopez, Myriam’s Salon, 420 S. Carroll Blvd., Denton Mark Boudreaux, M&D Developments, 2304 Hollyhill Lane, Denton

Michelle Barns, Bugs and Roses Boutique, 8716 Seven Oaks Lane, Denton Monzer N. Investment Group LLC, 7-Eleven Convenience Store, No. 37084A, Denton Patrick Scott Patterson, Archive Alley, 1900 Sam Bass, Denton Steven David, David Carpentry, 3701 E. McKinney St., Denton Sushimotto Corp., Motto Bar and Sushi, 222 W. Hickory St., Suite 103, Denton Ted Obialo, University Garden Apt., 2405 W. Prairie St., Denton

24 Denton Business Chronicle

April 2016