05.16.12 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston Rd., Prosper, Texas 75078
Wednesday, May 16, 2012 - 6:00 p.m.
1. Call to Order / Roll Call
Board President Jim Wicker called the meeting to order at 6:06 p.m., those present were Jim
Wicker, Mike Wadsworth, Kevin Drown, Ray Smith, and Reno Jones. Board members absent were
Daniel Jones and Jordan Simms. Mike Land interim Executive Director and Beth Larsen Executive
Assistant 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
Ramiro Trevino made an informational presentation about his companies Dairy Manufacturing and
DryLet Technologies and his future plans for expanding those businesses in Prosper.
4. Consider and act upon the minutes from the April 18, 2012 Prosper EDC board meeting
The April 18, 2012 PEDC minutes were approved with a motion from Mike Wadsworth and 2"d
from Ray Smith, the motion passed unanimously.
5. Consider and act upon the April 2012 financial statements for the Prosper Economic Development
Corporation
The April 2012 financial statements were approved with a motion from Reno Jones and 2"d from
Kevin Drown, the motion passed unanimously.
6. Discuss consideration and timing of hiring a Economic Development Director
The PEDC board discussed the option of hiring a search firm to help identify a new PEDC
Executive Director; several board members will research area search firms to interview for
the hiring process.
7. PEDC information update:
8. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
Board recessed into closed session at 7:50 p.m. with a motion from Ray Smith and 2"d from Kevin
Drown
i. Section 551.087 to deliberate economic development prospects
9. Reconvene into regular session and take any action necessary as a result of the closed session
The board reconvened into regular session at 8:05 p.m. with a motion from Mike Wadsworth and
2"d from Reno Jones.
10. Adjourn
The board adjourned at 8:07 p.m. with a motion from Ray Smith and 2"d from Kevin Drown
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Beth Larsen — PEDC Executive Assist— Date