12.17.2014 PEDC MinutesProsper MINUTES
Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd., Suite 50
DEVELOPMENT CORPORATION Prosper, Texas 75078
Wednesday, December 17, 2014.6:00 p.m.
Call to Order and Announce a Quorum is Present
Board President Jim Wicker called the meeting to order at 6:00 p.m. Board members present were Mayor
Ray Smith, Roger Thedford, David Bristol, and Reno Jones. Board members Jordan Simms and Gary
Jackson were absent. PEDC Executive Director Robert Winningham 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)
There were no comments from citizens.
2. Approval of Minutes from the Regular Meeting on November 19, 2014
Roger Thedford moved to approve the November 2014 Regular Meeting Minutes. The motion was seconded by
Ray Smith and was unanimously approved by all Board members present.
3. Approval of PEDC Financial Reports for November 2014 and Take Any Additional Action Necessary
Reno Jones presented the November 2014 Financials. Jones noted that he had reviewed the Financial Reports
with Robert Winningham and concluded that the reports were sound. Jones added that November was the
second -highest month of sales tax revenue collected in PEDC history.
Ray Smith moved to approve the November 2014 Financial Reports. The motion was seconded by Roger
Thedford and was unanimously approved by all Board members present.
4. Consider and Take Action on the PEDC 2015 Strategic Plan
Robert Winningham distributed the PEDC Strategic Plan for 2015 and noted the changes and additions made
from the 2014 PEDC Strategic Plan. Winningham added that only minor revisions were made, and that the
strategic goals for the PEDC would remain largely unchanged in 2015 from the Strategic Plan for 2014.
Roger Thedford noted a grammatical error in the Strategic Plan for 2015. Winningham noted that it would be
corrected.
Roger Thedford moved to approve the PEDC 2015 Strategic Plan. The motion was seconded by Ray Smith and
was unanimously approved by all Board members present.
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 relating to the following:
Board President Jim Wicker called the meeting into Executive Session at 6:14 p.m. to discuss:
Retail Development
Office Development
Board President Jim Wicker reconvened the meeting into Open Session at 6:41 p.m.
PEDC Minutes —page 2
December 17, 2014
6. Reconvene into Open Session and take any action necessary as a result of Closed Session deliberations
No action taken.
7. 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.
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 that the Town had approved 506 single family housing permits so far this year. Winningham asked
Ray Smith if this was the first time the Town had approved over 500 permits to which Smith acknowledged that it was.
9. Confirm Next Regularly Scheduled PEDC Board Meeting on January 21, 2015
It was determined that the next regularly scheduled Board meeting will be held on January 21, 2015.
10. Adjourn
The PEDC Board meeting adjourned at 6:43 p.m. with a motion from David Bristol and seconded by Roger
Thedford. The motion was passed unanimously.
Jordan Sim — PEDC Secretary
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