08.15.18 PEDC Agenda
Meeting of the Prosper
Economic Development Corporation
130 N. Preston Rd., Suite 130
Prosper, Texas 75078
Wednesday, August 15, 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. Approval of Minutes from the Regular Meeting on July 18, 2018.
3. Approval of PEDC Financial Report for the month of July 2018, and Take any Additional Action Necessary.
4. Consider and Act on approval to present FY 2018-2019 EDC Operating Budget to Council.
5. Discuss the reinvestment of PEDC funds upon maturity of the portfolio.
6. Consider and Act on recommendation to the Town Council to adopt the 2018 Tax Abatement Policy.
7. Approval of Professional Services Agreement, as needed for Economic Development consulting services.
8. Business Retention and Expansion Meetings Update.
9. CEO’s Report: Administrative and Marketing Activities of the PEDC and Upcoming Events.
10. Confirm Next PEDC Board Meeting to be on Thursday, September 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 August 10, 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.