03.02.05 PEDC MinutesIISPER
Economic Development Corporation
Minutes
Regular Meeting of Prosper Economic Development Corporation
407 E. First Street, Prosper, TX
March 2, 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: Lisa Dritschler, Bob Luckock, and Dan Tolleson. Also in
attendance we - 1� Doug Mousel, Ex. Director of the PEDC and Judy Rucker, fa( ° itator of
the PEDC.
Member not in attendance: Jim Campbell
2. Approval of Minutes
Minutes of the February 2 meeting were reviewed. Motion to accept minutes as written
was made by Bob Luckock and seconded by Lisa Dritschler. Motion carried 4-0.
3. Consider and act upon February financial statement.
Staff presented the Financial Statement and Balance Sheet for the month of February.
The Summary Balance reflected the Total Liability and Equity as of February 28, as
$528,105.10. Motion was made by Lisa Dritschler and seconded by Dan Tolleson tl
accept the Financial Statement as presented. Motion carried. 4-0.
4. Discussion related to current and pending construction and utility projects and
Annexation, zoning and development applications.
Projects, Status and Estimated Completion Date were listed:
a. Gentle Creek Lift Station and Force Main ..... Mid Spring 2005
b. Danville/Prosper Water improvements ........... TBD
c. Water for West Prosper.............................TBD
d. Sewer for West Prosper.............................TBD
e. Water Storage Tanks and Pump Station to
Receive water from the NTMWD ................. Summer 2006
f. Elevated Water storage tanks ..................... TBD
g. Warning Signals .................................... Spring 2005
h. SH 289 and US 380 waterline
i. Northwest Corner of FM 2478 and US. 380
j. CR 27 and U.S. 380
k. South Side of FM 1461 at Preston RD.
The Board discussed having signs made that stated, "Your Tax Money at Work". No
action was taken.
Development and Zoning Applications were reviewed. Doug discussed Construction
Updates and answered Board members inquiries.
5. Board discussed retaining a firm to prepare demographic and site selection
Information for the Prosper Economic Development Corporation
Doug recommended that this item be referred to Karen Gandy, the new PEDC Executive
Director. Board agreed.
6. Discussion concerning a proposed marketing publication and other marketing efforts
of the PEDC.
EDC staff has been working to produce a marketing publication in the form of an aerial
map to distribute to potential businesses and developers. Staff supplied the Board
Members with a draft of the aerial map for their review. Doug and Judy will go to
Landiscor Aerial Information to convey the additional graphics that the EDC Board
requested. The estimated cost of this proposed marketing publication will be in the $800-
$900 range.
7. PEDC Board recessed into Closed Session in compliance with Section 551.001 et.
Seq.Texas GovernmentCode, to wit, Section 551.087 (Economic Development
Negotiations).
Time: 7:30 p.m. Motion made by Dan Tolleson and seconded by Bob Luckock. Motion
carried 4-0.
8. Reconvened into regular session.
Bob Luckock made the motion, seconded by Dan Tolleson to reconvene into regular
session. Motion carried 4-0. Time: 7:50 p.m
No action necessary.
9. Future topics for discussion
None
10. Adjournment: Time: 7:55 p.m.
Dan Tolleson made the motion to adjourn, Lisa Dritschler seconded. Motion carried 4-0-
Approved.*
Bob Luckock, Secretary, Prosper Economic Development Corporation
Date: * - L 0 i
Minutes prepared by Judy Rucker, appointed Secretary