12.16.2015 PEDC MinutesProsper MINUTES
Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd., Suite 50
DEVELOPMENT CORPORATION Prosper, Texas 75078
Wednesday, December 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 6:05 p.m. Board members present were Mayor
Ray Smith, David Bristol, Reno Jones, Jim Wicker, Jordan Simms, Roger Thedford and Billy Hurst. PEDC
Executive Director Robert Winningham, Assistant Director Garrett Weaver and Economic Development
Assistant Sam Blatt were also present. Guest John Herring was also in attendance.
1. Comments from Citizens (The EDC may receive input from citizens only on topics that are not listed on
the meeting agenda)
John Herring stated that First Baptist Church had sold 18 acres of land that it had previously owned along
Highway 380.
2. Approval of Minutes from the Regular Meeting on November 18, 2015
Ray Smith moved to approve the November 18, 2015 Regular Meeting Minutes. The motion was seconded by
Roger Thedford and was unanimously approved by all Board members present.
3. Approval of PEDC Financial Reports for November 2015 and Take Any Additional Action Necessary
PEDC Treasurer Roger Thedford presented the November 2015 Financials.
Jordan Simms moved to approve the November 2015 Financials. The motion was seconded by Ray Smith and
was unanimously approved by all Board members present.
4. 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.
5. 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 stated that the Highway 380 Forum on December 7`" had been a success with over 400 brokers,
developers and VIP's in attendance.
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 relating to the following:
Board President Jim Wicker called the meeting into Executive Session at 6:16 p.m. to discuss:
• Retail Development
■ Office & Corporate Development
• Business Retention & Expansion
Board President Jim Wicker reconvened the meeting into Open Session at 6:45 p.m.
7. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations
No action taken.
PEDC Minutes —page 2
December 16, 2015
} 8. Confirm Next Regularly Scheduled PEDC Board Meeting on January 20, 2016
It was determined that the next regularly scheduled Board meeting will be held on January 27, 2016, pending any
unforeseen circumstances.
9. Adjourn
The PEDC Board meeting adjourned at 6:47 p.m.
Thedford. The motion was passed unanimously.
41
Jordan Si s — PEDC Secretary
with a motion from Ray Smith and seconded by Roger
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