09.18.2013 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston Rd., Suite 50
Prosper, Texas 75078
Wednesday, September 18, 2013.6:00 p.m.
Call to Order and Announce a Quorum is -Present
Board Vice President Jordan Simms called the meeting to order at 6:04 p.m. Board members present were,
Ray Smith, Reno Jones, David Bristol, Gary Jackson, Jordan Simms and Kevin Drown. PEDC Executive
Director Robert Winningham and PEDC Economic Development Specialist Garrett Weaver were also
present. Guests included Marcey Mettica. Board President Jim Wicker joined the meeting in progress.
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 August 21, 2013
The August 21, 2013 Minutes were approved with a motion from Ray Smith and seconded by Reno Jones. The
motion passed unanimously.
3. Approval of the June 2013 PEDC Financial Report
Reno Jones presented the June 2013 Financial Report. Jones noted that the EDC had another good month of
sales tax revenue. Jones asked when the Financial Subcommittee will resume conducting meetings. Robert
Winningham replied that the Subcommittee will resume meetings once the new Finance Director, Kent Austin, is
settled in to his new position. Winningham estimated that a meeting would most likely be held in early
November. Winningham also noted that the Town hired a consultant to handle the Town's finances in the
interim. He also noted that the consultant had fixed an error on one of the past Financial Reports per the PEDC
Board's request. Winningham stated that the June Report does not reflect budget adjustments made previously.
David Bristol moved to approve the June Financials. The motion was seconded by Reno Jones and was
unanimously passed.
4. Presentation by First Street Counseling and Consulting, PLLC
Marcey Mettica presented to the Board her company's interest in opening an office in Downtown Prosper.
Mettica explained the company's operation and how it would benefit the community. Mettica then detailed all of
the company's requirements to be able to start her business. Mettica noted a few problems that had arisen during
the pursuit of a building permit. Secretary David Bristol inquired if there was a specific request that Mettica
wanted from the Board. Mettica replied that any assistance provided would be helpful.
5. 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 6:32 p.m.
Consider Economic Development Incentives for First Street Counseling and Consulting, PLLC
Retail Development
Board President Jim Wicker reconvened the meeting into regular session at 7:42 p.m.
PEDC Minutes —page 2
September 18, 2013
6. Take Any Action Necessary as a Result of Executive Session
On a motion by David Bristol and seconded by Ray Smith, the Board directed Executive Director Robert Winningham
to negotiate a lease with John Harris to be signed by Board President Jim Wicker. The motion was unanimously passed.
7. Town of Prosper Report
Mayor Ray Smith gave an update on various projects and issues for the Town of Prosper. Smith noted that the Regular
Board Meeting for October would be moved from October 16, 2013 to October 23, 2013 due to the Prosper High School
Homecoming Parade being scheduled on October 16, 2013. The Board agreed to set its next meeting date for October
23, 2013.
8. Executive Director's Report: Administrative and Marketing Activities of the PEDC and Upcoming Events
PEDC Executive Director Robert Winningham presented updates on projects on which the PEDC staff is
working. Winningham noted the Prosper Chamber of Commerce Annual Banquet will be held on October 15,
2013 to which all Board members are invited.
9. Adjourn
The PEDC Board meeting adjourned at 6:46 p.m. with a motion from Ray Smith and seconded by Jordan
Simms. The motion was unanimously passed.
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David Bristol — PEDC Secretary
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