09.18.2015 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston Rd., Suite 50
Prosper, Texas 75078
Wednesday, September 16, 2015 - 6:00 p.m.
Call to Order and Announce a Ouorum is Present
Board President Jim Wicker called the meeting to order at 6:02 p.m. Board members present were Mayor
Ray Smith, David Bristol, Gary Jackson, Jim Wicker, Jordan Simms, and Reno Jones. Roger Thedford was
absent. PEDC Executive Director Robert Winningham, Assistant Director Garrett Weaver and Economic
Development Assistant Sam Blatt were also present. No guests were present.
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 19, 2015
Ray Smith moved to approve the August 19, 2015 Regular Meeting Minutes. The motion was seconded by Gary
Jackson and was unanimously approved by all Board members present.
3. Approval of PEDC Financial Reports for August 2015 and Take Any Additional Action Necessary
Treasurer Reno Jones presented the August 2015 Financials. Jones noted that the Town collected the highest
number of sales tax dollars in its history.
Gary Jackson moved to approve the August 2015 Financial Reports. The motion was seconded by Reno Jones
and was unanimously approved by all Board members present.
4. 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 relating to the following:
Board President Jim Wicker called the meeting into Executive Session at 6:13 p.m. to discuss:
Retail Development
Office & Corporate Development
Business Retention & Expansion
Board President Jim Wicker reconvened the meeting into Open Session at 6:33 p.m.
5. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations
No action taken.
6. Town of Prosper Report: Update on Various Activities and Projects by the Town
Mayor Ray Smith gave an update on various projects and issues pertaining to the Town of Prosper. Smith noted
that DayStar Landscaping was the number one sales tax contributor for the first time. Jordan Simms asked staff
to research DayStar and report back to the Board. Winningham stated that he had a meeting scheduled with the
owner of DayStar later that week.
7. 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.
PEDC Minutes —page 2
September 16, 2015
'~ 8. Convene into Closed Executive Session: Pursuant to Texas Government Code, Section 551.074;
Deliberation of Personnel Matters related to the following:
Board President Jim Wicker called the meeting into Executive Session at 6:34 p.m. to discuss:
s Annual Review of PEDC Executive Director
Board President Jim Wicker reconvened the meeting into Open Session at 6:38pm.
9. Confirm Next Regularly Scheduled PEDC Board Meeting on October 21, 2015
It was determined that the next regularly scheduled Board meeting will be held on October 21, 2015, pending any
unforeseen circumstances.
10. Adjourn
The PEDC Board meeting adjourned at 6:39 p.m. with a motion from Gary Jackson and seconded by David
Bristol. The motion was passed unanimously.
Jordan SimmdL PEDC Secretary Date