04.24.19 PEDC Agenda Special
Special Called Meeting of the Prosper
Economic Development Corporation
130 N. Preston Rd., Suite 130
Prosper, Texas 75078
Wednesday, April 24, 2019 6:00 P. M.
Call to Order and Announce a Quorum is Present
1. Comments from Citizens (The EDC may receive input from citizens only on topics that are not listed on the agenda).
2. Approval of Minutes from the March 20, 2019 PEDC Board Meeting.
3. Approval of PEDC Financial Report for the month of March 2019, and take any additional action necessary.
4. Approval of the PEDC Quarterly Investment Portfolio ending March 31, 2019.
5. Approval of CD Investment recommendations from Finance Director.
6. Approval of the PEDC Annual Financial Statement for year ended September 30, 2018, and Take any Additional
Action Necessary.
7. Consider and act on the payment of an Economic Incentive for 2018 calendar year taxable sales reimbursement to
Kroger Co. for Store No. 573 on Preston Road.
8. Business Retention and Expansion Meetings Update.
9. CEO’s Report: Administrative and Marketing Activities of the PEDC and Upcoming Events.
10. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, May 15, 2019.
11. Convene into Closed Executive Session Pursuant to Texas Government Code;
o Section 551.087; Deliberation of Economic Development Negotiations to deliberate Commercial and Financial
Information and Economic Incentives relating to the following:
o Retail Development
o Office & Corporate Development
o Section 551.074; Deliberation of Personnel Matters related to the following:
o Staffing of Prosper EDC office
o Section 551.072; To deliberate the purchase, exchange, lease or value of real property located:
o North of 380, west of Preston Rd., east of FM 1385, south of Frontier Parkway.
12. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations.
13. Adjourn.
Note: The order in which items are heard on the agenda is subject to change
Certification
I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the inside window at the Town Hall of the Town of Prosper, Texas, a place
convenient and readily accessible to the general public at all times, and said Notice was posted on April 18, 2019, at 5:00 p.m. and remained so posted at least 72 hours
before said meeting was convened.
______________________________ _____________________
Date Notice Removed
Pursuant to Section 551.071 of the Texas Government Code, the Town Council reserves the right to consult in closed session with its attorney and to receive legal advice
regarding any item listed on this agenda.
As authorized by Section 551.071(2) of the Texas Government Code, this meeting may be convened into closed Executive Session for the purpose of seeking confidential
legal advice from the Corporation’s attorney on any agenda item listed herein.
Notice
Pursuant to Town of Prosper Ordinance No. 13-63, all speakers other than Town of Prosper staff are limited to three (3) minutes per person, per item, which may be
extended for an additional two (2) minutes with approval of a majority vote of the Prosper EDC Board of Directors.
NOTICE OF ASSISTANCE AT PUBLIC MEETINGS: Prosper Economic Development Corporation meetings are wheelchair accessible. For special services or
assistance, please contact the Town Secretary’s Office at (972) 569-1011 at least 48 hours prior to the meeting time.