01.18.12 PEDC MinutesProper MINUTES
p Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd., Prosper, Texas 75078
DEVELOPMENT Wednesday, January 18, 2012 - 6:00 p.m.
CORPORATION
1. Call to Order 1 Roll Call
President Jim Wicker called the meeting to order at 6:04 p.m., board members present were Jim
Wicker, Kevin Drown, Reno Jones, Ray Smith, PEDC Interim Executive Director Mike Land and
PEDC Executive Assistant Beth Larsen. Board members absent were Daniel Jones, Mike
Wadsworth, and Jordan Simms.
2. Comments from citizens, the EDC may receive input from the public; however the topic may not be
discussed by the EDC unless the topic is specifically listed on the meeting agenda
3. Consider and act upon the minutes from the November 16, 2011 Prosper EDC board meeting
The Minutes from November 16 meeting were approved with a motion from Ray Smith and 2"d
from Reno Jones, the motion was approved unanimously.
4. Consider and act upon the November 2011 financial statements for the Prosper Economic Development
Corporation
The November financial statement was approved with a motion from Reno Jones and 2"a from
Kevin Drown, the motion was approved unanimously.
5. Consider and act upon the December 2011 financial statements for the Prosper Economic Development
t Corporation
The December financial statement was approved with a motion from Reno Jones and 2nd from Ray
Smith, the motion was approved unanimously.
6. Review and approve the quarterly investment summary ending September 30, 2011
The quarterly investment summary was reviewed and a motion was made by Reno Jones and 2"a
from Kevin Drown, the motion was approved unanimously.
7. Presentation from Chris Copple regarding the Town of Prosper Comprehensive plan
Chris Copple gave an overview of the Prosper Comprehensive plan and answered questions from
PEDC board members.
8. PEDC information update:
Update and discussion regarding the Progress in Motion business retention luncheon
Kevin Drown and Mike Land gave an overview of the business lunch format and shared the
comments relayed by invited business from the Prosper business community.
9. Update and discussion regarding the joint meeting between Prosper Town Council and Prosper Developers
Council
Jim Wicker and Mike Land discussed the joint meeting and shared comments from attendees.
10. Discuss consideration and timing of hiring a Economic Development Director
Board President Jim Wicker asks that this agenda item be put on the February board
agenda for further discussion.
11. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
The PEDC board recessed into closed session at 7:06 p.m. with a motion from Kevin Drown and 2nd
from Ray Smith.
i. Section 551.087 to deliberate economic development prospects, including incentives for
project located South of Prosper Trail, East of the Dallas North Tollway, North of Hwy 380,
and West of Custer Road.
12. Reconvene into regular session and take any action necessary as a result of the closed session
The PEDC board reconvened into regular session at 7:41 p.m. with a motion from Ray Smith and
2"d from Reno Jones.
13. Adjourn
The PEDC board meeting was adjourned at 7:42 p.m. with a motion from Ray Smith and 2"d from
Kevin Drown, the motion passed unanimously.
Be Larsen — PEDC executive Assistant bate