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07.26.2017 PEDC Special MinutesProsper ECONOMIC DEVELOPMENT CORPORATION Special Called Meeting of the Prosper Economic Development Corporation 170 N. Preston Rd., Suite 50 Prosper, Texas 75078 Wednesday, July 26, 2017 - 7:00 a.m. Call to Order and Announce a Ouorum is Present Board President Jim Wicker called the meeting to order at 6:57 a.m. Board members present were, Board Vice President David Bristol, Mayor Ray Smith, Treasurer Roger Thedford, Secretary Jordan Simms and Board Member Billy Hurst. Board Member Reno Jones was not present. Board President Jim Wicker recessed the regular meeting at 6:57 A.M. 1. Convene into Closed Executive Session Pursuant to Texas Government Code: • Section 551.074; Deliberation of Personnel Matters o Staffing of Prosper EDC office Board President Jim Wicker called the meeting into Closed Executive Session at 6:58 A.M. The PEDC Board met in Executive Session from 6:58 A.M. to 7:00 A.M. 2. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations. Board President Jim Wicker reconvened the meeting into Open Session at 7:00 A.M. Ray Smith made a motion to approve revised offer letter to Maher Maso as Executive Director to the EDC. The motion was seconded by Roger Thedford and approved unanimously by all Board members present. 3. Adjourn David Bristol moved to adjourn the meeting, the motion was seconded by Roger Thedford. The PEDC Special Called Board meeting adjourned at 7:01 A.M. l�Jr Jordan imms - Secretary Date