08.12.2013 PEDC Special MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Special Called Meeting of the Prosper Economic Development
Corporation
170 N. Preston Rd., Suite 50
Prosper, Texas 75078
Monday, August 12, 2013 - 6:00 p.m.
Call to Order and Announce a Quorum is Present
1. Call to Order 1 Roll Call
Board President Jim Wicker called the meeting to order at 6:00 p.m. Board members present were Jim
Wicker, Ray Smith, Reno Jones, Gary Jackson and Kevin Drown. Board members Jordan Simms and
David Bristol were absent. PEDC Executive Director Robert Winningham and PEDC Economic
Development Specialist Garrett Weaver were present. Guest present was Town Manager Harlan
Jefferson.
2. EXECUTIVE SESSION
Recess into Closed Session Section 551.072. Deliberation Regarding Real Estate:
Board President Jim Wicker called the meeting into Executive Session at 6:01 p.m.
• Discussion of Prosper EDC Office Lease
Board President Jim Wicker reconvened the meeting into Regular Session at 6:49 p.m.
Take Any Action Necessary as a Result of the Executive Session
On a motion by Gary Jackson and seconded by Ray Smith, the Board authorized the PEDC Board President and the
PEDC Executive Director to negotiate a final lease between the PEDC and a landlord with the understanding that the
landlord will provide the PEDC with an analysis of the economic impact of the PEDC's lease to the community (i.e.
Town, County, Collin College and Prosper ISD) on or before the execution of such lease. The motion was unanimously
passed.
4. Adjourn
The PEDC Board meeting adjourned at 6:51 p.m. with a motion from Ray Smith and seconded by Gary Jackson.
The motion was unanimously passed.
PavideBrist—ol!—PEDC Secretary
Date