06.20.12 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston Rd., Prosper, Texas 75078
Wednesday, June 20, 2012 - 6:00 p.m.
1. Call to Order / Roll Call
EDC Board President Jim Wicker called the meeting to order at 6:04 p.m. Board members
present were Jim Wicker, Mike Wadsworth, Ray Smith, Daniel Jones, Kevin Drown, Jordan
Simms, and Reno Jones. Interim Executive Director Mike Land and Executive Assistant Beth
Larsen were also 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. Consider and act upon the minutes from the May 16, 2012 Prosper EDC board meeting
The minutes from the May 16, 2012 board meeting were approved with a motion from Ray Smith
and 2"d from Daniel Jones, the motion passed unanimously.
4. Consider and act upon the May 2012 financial statements for the Prosper Economic Development
Corporation
The May 2012 financials were approved with a motion from Daniel Jones and 2"d from Reno
Jones the motion passed unanimously.
5. Discuss consideration and timing of hiring a Economic Development Director
The proposal from SGR was received by the EDC board members and the decision was
made to put that search on hold for an interim Executive Director. The item will be
posted on an agenda at a later date.
6. PEDC information update:
Mike Land and Beth Larsen gave an update on ongoing marketing for the EDC and the
upcoming conferences that are schedule for the fall.
7. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to
wit:
The board recessed into closed session at 6:45 p.m. with a motion from Ray Smith and 2"d from
Jordan Simms
i. Section 551.087 to deliberate economic development prospects
8. Reconvene into regular session and take any action necessary as a result of the closed session
The board reconvened into regular session at 7:32 p.m. with a motion from Ray Smith and 2nd
from Daniel Jones.
9. Adjourn
The board adjourned at 7:33 p.m. with a motion from Daniel Jones and 2"d from Ray Smith
Jordan Sim — Secretary Date