03.27.2013 PEDC Minutesk N
Prosper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston Rd., Suite 50
Prosper, Texas 75078
Wednesday, March 27, 2013 - 6:00 p.m.
Call to Order and Announce a Quorum is Present
Board President Jim Wicker called the meeting to order at 6:05 p.m. Board members present were Jim
Wicker, Ray Smith, Gary Jackson, Reno Jones, Jordan Simms, Kevin Drown, and David Bristol. PEDC
Executive Director Robert Winningham and PEDC Executive Assistant Beth Larsen were present. There were
no guests.
1. Comments from Citizens (The EDC may receive input from citizens only on topics that are not listed on
the meeting agenda)
There were no comments from citizens.
2. Approval of Minutes from the Regular Meeting on February 20, 2013
The February 20, 2013 Minutes were approved with a motion from David Bristol and seconded by Gary Jackson.
The motion passed unanimously.
3. Approval of PEDC Financial Reports
The February, 2013 Financials Reports were discussed. David Bristol made the motion to approve the Financials
and to create a Financials Subcommittee of the Board with three objectives to achieve: A) Improve the structure
of financial reporting and responsibilities; B) establish a set of guidelines for reporting financials to the Board,
and; C) continue to monitor and provide guidance on investments of funds received by the Board. The motion
was seconded by Gary Jackson and was unanimously passed.
4. Consider and Take Action on Resolution Regarding House Bill 1935, 83rd Texas Legislative Session
No action was taken at this time.
5. Discuss and Possibly Take Action on the PEDC Work Plan for 2013
Robert Winningham presented a draft work plan to the Board. The Board discussed the work plan and its
implementation and determined that PEDC staff needed no additional direction regarding the work plan. All
direction for the work plan has been given by the Board in the Strategic Plan passed at the Board's January
meeting.
6. Convene into Closed Executive Session: Pursuant to Texas Government Code, Section 551.087;
Deliberation of Economic Development Negotiations: To Deliberate Commercial and Financial
Information and Economic Incentives for the following:
Board President Jim Wicker called the meeting into executive session at 7:02 p.m.
• Prosper Business Park
7. Remain in Closed Executive Session: Pursuant to Texas Government Code 551.074 to Deliberate the
following:
• Personnel Matters
Board President Jim Wicker reconvened the meeting into regular session at 7:45 p.m.
PEDC Minutes —page 2
March 27, 2013
Action Items Resulting from Executive Session:
Jim Wicker made a motion for provisions to be made in the FY2013 Budget for the establishment of an
"Economic Development Specialist" position with a maximum compensation package of no more than
$55,000/annually, plus benefits, for hiring by the Executive Director at the earliest possible date. The motion
was seconded by Jordan Simms. The motion passed unanimously.
8. Executive Director's Report: Administrative and Marketing Activities of the PEDC and Upcoming Events
PEDC Executive Director Robert Winningham presented updates on the aerial map, broker events and projects
in which PEDC staff is working. Mayor Ray Smith updated the Board on the Town's Strategic Plan Workshop
and thanked board members for their input in drafting the PEDC Strategic Plan, and for providing it to the
Council.
9. Adjourn
The PEDC Board meeting adjourned at 8:09 p.m with a motion from Gary Jackson and seconded by Kevin
Drown. The motion was unanimously passed.
David Bristol — PEDC Secretary
Date