04.18.12 PEDC MinutesProsper MINUTES
Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd., Prosper, Texas 75078
DEVELOPMENT
CORPORATION Wednesday, April 18, 2012 - 6:00 p.m.
1. Call to Order / Roll Call
Mike Wadsworth PEDC Vice- President called the meeting to order at 6:01 p.m. those present
were Mike Wadsworth, Kevin Drown, Jordan Simms, Reno Jones, and Ray Smith. Board
members absent were Jim Wicker and Daniel Jones. Interim Executive Director Mike Land
and Executive Assistant Beth Larsen were present.
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. Presentation from Ramiro Trevino from Dairy Manufacturing
Mr. Ramiro requested his presentation for the May 16, 2012 board meeting.
4. Consider and act upon the minutes from the March 21, 2012 Prosper EDC board meeting
The board minutes from March 21, 2012 were approved with a motion from Ray Smith and
2"d from Reno Jones, the motion passed unanimously.
5. Consider and act upon the March 2012 financial statements for the Prosper Economic Development
Corporation
The March 2012 financials were approved with a motion from Ray Smith and 2"d from Jordan
Simms, the motion passed unanimously.
6. Review and take necessary action to approve the PEDC audit as presented
The PEDC audit was reviewed and approved as presented with a motion from Reno Jones and
2nd from Kevin Drown, the motion passed unanimously.
7. Review and take necessary action to approve the PEDC investment policy
The PEDC investment policy was reviewed and approved as presented with a motion from
Jordan Simms and 2"d from Reno Jones, the motion pass unanimously.
8. PEDC information update:
a. Discussion regarding potential Economic Development committee participation
Ray Smith and Jordan Simms provided an update from the April committee meeting.
9. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
The board recessed into closed session at 6:25 p.m. with a motion from Kevin Drown and 2"d
from Reno Jones.
i. Section 551.087 to deliberate economic development prospects
10. Reconvene into regular session and take any action necessary as a result of the closed session
The board reconvened into regular session at 7:20 p.m. with a motion from Ray Smith and 2"d
from Jordan Simms.
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11. Adjourn
The PEDC meeting was adjourned at 7:29 p.m. with a motion from Jordan Simms and 2"d
from Kevin Drown, the motion passed unanimously.
Jordan"ins ms — Secretary Date