02.15.12 PEDC Minutes.,,i%,ProsPer
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston Rd., Prosper, Texas 75078
Wednesday, February 15, 2012 - 6:00 p.m.
1. Call to Order / Roll Call
Board President Jim Wicker called the meeting to order at 6:01 p.m. board members present
were Jim Wicker, Mike Wadsworth, Daniel Jones, Jordan Simms, and Ray Smith. Board
members Kevin Drown and Reno Jones were absent. Interim Executive Director Mike Land and
Executive Assistant Beth Larsen were also present at the meeting.
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 January 18, 2012 Prosper EDC board meeting
The minutes from the January 18, 2012 meeting were approved with a motion from Ray Smith
and 2"d from Jim Wicker, the motion was approved unanimously.
4. Consider and act upon the January 2012 financial statements for the Prosper Economic Development
Corporation
The January 2012 financial statements were approved with a motion from Mike Wadsworth and
2"d from Daniel Jones, the motion was approved unanimously.
5. PEDC information update
Mike Land and Beth Larsen gave an update about future marketing updates including town data
and discussed the joint business lunches that are hosted quarterly by the PEDC and Chamber.
6. Discuss consideration and timing of hiring a Economic Development Director
The board discussed the timing of hiring a new PEDC Executive Director and the
requirements that were important, the board was ask to review a draft of the job
description and provided input prior to the March PEDC board meeting.
7. Consider and take necessary action on resolution authorizing the Prosper EDC Board
Chairman to terminate the ILA and Town/EDC agreement.
The board approved the resolution authorizing the PEDC board chair to terminate
The ILA and Town /EDC agreement with a motion from Daniel Jones and 2"d from
Jordan Simms, the motion passed unanimously.
8. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to
wit:
i. Section 551.087 to deliberate economic development prospects
The board recessed into closed session at 7:00 p.m. with a motion from Mike Wadsworth
and 2"d from Ray Smith.
9. Reconvene into regular session and take any action necessary as a result of the closed session
The board reconvened in to regular session at 7:43 p.m. with a motion from Daniel Jones
and 2"d from Mike Wadsworth.
10. Adjourn
The meeting was adjourned at 7:44 p.m. with a motion from Daniel Jones and 2"d from
M. a Wadsworth.
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Jordan mms-Secretary Date