10.21.2015 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston Rd., Suite 50
Prosper, Texas 75078
Wednesday, October 21, 2015 - 6:00 p.m.
Call to Order and Announce a Ouorum is Present
Board President Jim Wicker called the meeting to order at 6:00 p.m. Board members present were Mayor
Ray Smith, David Bristol, Billy Hurst, Jim Wicker, Jordan Simms, and Roger Thedford. Reno Jones was
absent. PEDC Executive Director Robert Winningham, Assistant Director Garrett Weaver and Economic
Development Assistant Sam Blatt were also present. Guests John Herring, was also present.
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 18 acres owned by First Baptist Church had been put under contract for 60 days. He
added that he would keep the Board informed on the status of the sale.
2. Approval of Minutes from the Regular Meeting on September 16, 2015
Ray Smith moved to approve the September 16, 2015 Regular Meeting Minutes. The motion was seconded by
Jordan Simms and was unanimously approved by all Board members present.
3. Approval of PEDC Financial Reports for September 2015 and Take Any Additional Action Necessary
PEDC Assistant Director Garrett Weaver Presented the September 2015 Financials. Weaver noted the Town
collected the second highest amount of sales tax in the Town's history.
Ray Smith moved to approve the September 2015 Financials. The motion was seconded by Roger Thedford and
was unanimously approved by all Board members present.
4. Approval of PEDC Quarterly Investment Report for Period Ending September 30, 2015.
David Bristol moved to postpone approval of PEDC Quarterly Investment Report for Period Ending September
30, 2015. The motion was seconded by Jordan Simms and passed unanimously.
5. 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.
6. 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.
7. 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 6:24 p.m. to discuss:
Retail Development
Office & Corporate Development
Business Retention & Expansion
Board President Jim Wicker reconvened the meeting into Open Session at 7:28 p.m.
8. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations
No action taken.
PEDC Minutes —page 2
October 21, 2015
9. 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 7:30 p.m. to discuss:
* Annual Review of PEDC Executive Director
Board President Jim Wicker reconvened the meeting into Open Session at 8:05pm.
10. 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 November 18, 2015, pending any
unforeseen circumstances.
11. Adjourn
The PEDC Board meeting adjourned at 8:06 p.m. with a motion from Ray Smith and seconded by Jordan
Simms. The motion was passed unanimously.
ordan Si . — PEDC Secretary Date