05.16.18 PEDC Agenda
Meeting of the Prosper
Economic Development Corporation
170 N. Preston Rd., Suite 50
Prosper, Texas 75078
Wednesday, May 16, 2018 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. Recognize and appreciate out going board member, Billy Hurst.
3. Approval of Minutes from the Regular Meeting on April 18, 2018.
4. Approval of PEDC Financial Report for the month of April 2018, and Take any Additional Action Necessary.
5. Consider and act upon the approval of a resolution authorizing the acquisition of approximately .32 acres of
land pursuant to the terms outlined in a Real Estate Contract between the Prosper Economic Development
Corporation and Rickie Weems for property located at 302 West 1st Street in the Town of Prosper.
6. Consider and act upon the approval of a resolution authorizing the acquisition of approximately 7,000 square
feet of land pursuant to the terms outlined in a Real Estate Contract between the Prosper Economic
Development Corporation and Bartley Investments, LLC. for property located at 209 West Broadway in the
Town of Prosper.
7. Business Retention and Expansion Meetings Update.
8. Town of Prosper Report: Update on Various Activities and Projects by the Town.
9. CEO’s Report: Administrative and Marketing Activities of the PEDC and Upcoming Events.
10. Confirm Next Regularly Scheduled PEDC Board Meeting on June 20, 2018.
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 May 11, 2018, 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.