01.05.05 PEDC MinutesTown of Prosper
Economic Development Corporation
Minutes
Regular Meeting of Prosper Economic Development Corporation
111 W. Broadway (Annex), Prosper, TX
January 5, 2005 at 7:00 p.m.
1. Call to Order:
Meeting was called to order by PEDC Board President, Ray Smith, at 7:00
p.m. Members present were Bob Luckock, Lisa Dritschler, and Dan Tolleson.
Also in attendance were Doug Mousel, Ex Director of the EDC and Judy
Rucker, Facilitator of the EDC. Member, Jim Campbell was not present.
2. Approval of Minutes:
Motion was made by Lisa Dritschler and seconded by Dan Tolleson to accept
the minutes as written for the Regular meeting October 6, 2004, and Special
Meetings with the Town Counsel of November 2, 2004, November 9, 2004
and December 8, 2004. Ray Smith requested the term, "President" instead of
"Chairman" be used for consistency. Motion carried 4-0.
3. Acceptance of Financial Reports:
Staff presented the Financial Statements and Balance Sheets for the month
of October, November and December. The Summary Balance reflected the
total Liabilities and Equity as of January 5, 2005 as $489526.43. Motion to
accept the financial reports was made by Bob Luckock and seconded by Dan
Tolleson. Motion carried 4-0.
4. Current and pending construction projects and annexation, zoning and
development:
Doug Mousel, PEDC Executive Director, gave an update on the current and
Pending construction projects, annexation, zoning and development
applications. He reminded the board that all of this information is posted on
The Town's website. Doug reported:
AVEX has submitted the final plans for development of the "Reynolds"
property. The plans call for development of 910 lots.
AA—WRL4008-Jan 5, 2005.doc
Skorburg has submitted the final plat for the Village of Prosper Trail
located North pf the railroad tracks on Prosper Trail (CR 48).
Tom Clark is requesting a zone change on property located on
Custer Rd.
5. Direction to Staff regarding the hiring of an Executive Director or
Other personnel by the Prosper Economic Development Corporation.
Doug Mousel reviewed the three applications he had received for the position
of Executive Director of the Prosper Economic Development Corporation.
The board directed Doug to interview the applicants and bring back his choice
to the next PEDC meeting.
A discussion followed concerning a job description and skills needed to fulfill
this position.
6. Board recessed into Closed Session in compliance with 551.001 ET.
Seq. Texas Government Code to wit:
Section 551.087 (Economic Development Negotiations) -Deliberation
regarding commercial or financial information that the Economic
Development Corporation seeks to have locate, stay, or expand in the
Town and with which the Economic Development Corporation is
conducting economic development negotiations.
Lisa Dritschler made the motion to recess into a closed session and Dan
Tolleson seconded. Motion carried 4-0. Time: 7:45 p.m.
7. Reconvened into regular session.
Bob Luckock made the motion to reconvene into regular session. Dan
Tolleson seconded. Motion carried 4-0. Time: 9:05 p.m.
No action was taken from Closed Session.
8. Adjournment
Lisa Dritscher made motion to adjourn and seconded by Dan Tolleson.
Motion carried 4-0. Time: 9:07.
Approved with corrections: _February 2, 2005
Bob Luckock , Secretary, Prosper Economic Development Corp.
Judy Rucker, Assistant Secretary
A1—WRL4008-Jan 5, 2005 doc