03.22.06 PEDC Special Meeting Agenda
AGENDA
Special Meeting of the Economic Development
Corporation
121 W. Broadway Street, Prosper, Texas
Wednesday, March 22, 2006 - 7:00 p.m. or immediately
following Impact Fee Advisory Committee Meeting
1. Call to Order / Roll Call.
2. Consider and act upon minutes of the February 15, 2006 Regular Meeting of the Prosper Economic Development
Corporation.
3. Consider and act upon financial statements of the Prosper Economic Development Corporation for the months ending
January 31, 2006 and February 28, 2006.
4. Comments from Citizens. The EDC may receive input from the public; however, a topic may not be discussed by the
EDC unless the topic is specifically listed on the meeting agenda.
5. Consider and act upon 1) an Economic Development Incentive Agreement with Centex Homes (d/b/a) CTX Builders
Supply and 2) Resolution No. 06-03-22 authorizing the Board President to execute the same.
6. Consider and act on Resolution No. 06-02-15 adopting an Investment Policy as required under Chapter 2256,
Government Code (“The Public Funds Investment Act”) and designating Investment Officers for the Corporation.
7. Receive Staff updates on the following items, discuss and take any necessary action:
A. Current and pending construction and utility projects and annexation, zoning and development applications
B. PEDC FY 06-07 Work Plan
8. Recess into Closed Session in compliance with Section 551, Texas Government Code, to wit:
A. Section 551.087 (Economic Development Negotiations) – Deliberations regarding commercial or financial information
that the Economic Development Corporation has received from business prospects that the Economic Development
Corporation seeks to have locate, stay, or expand in the Town and with which the Economic Development
Corporation is conducting economic development negotiations.
B. Section 551.074 (Personnel) – Conduct the annual evaluation and duties of the Executive Director.
9. Reconvene into regular session and take any action necessary as a result of the closed session.
10. Possibly direct Prosper Economic Development Corporation staff to schedule topic(s) for discussion at a
future meeting.
11. 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 the following date
and time: Friday, March 17, 2006 by 5:00 p.m. and remained so posted at least 72 hours before said meeting was convened.
________________________________________________________________ ________________________________________________
Karen P. Gandy, Executive Director, Prosper Economic Development Corporation Date Notice Removed
In addition to any specifically identified Executive Sessions, the Economic Development Corporation may convene into Executive Session under Section 551 of the Texas
Government Code at any point during the open meeting to discuss any item posted on this agenda. The Open Meetings Act provides specific exceptions that require that a meeting
be open. Should the Economic Development Corporation choose to convene into Executive Session, those exceptions will be specifically identified and announced. Any subsequent
action, as a result of this Executive Session, will be taken and recorded in open session