06.14.06 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
APPROVED MINUTES
Regular Meeting of the Economic
Development Corporation
121 W. Broadway Street, Prosper, Texas
Wednesday, June 14, 2006 - 7:00 p.m.
1. Call to Order/Roll Call.
Meeting was called to order by PEDC President Ray Smith at 7:00 p.m. All members were present. Also in
attendance was PEDC Executive Director Karen Gandy.
2. Approval of Minutes.
Minutes were approved as submitted. Motion made by Jim Campbell; seconded by Dan Tolleson. Motion carried
5-0.
3. AApprovaI of Financial Statements.
Financial statements for the month ending May 31, 2006 were tabled until the July 12th meeting. Motion was
made by Mike Wadsworth; seconded by Dan Tolleson. Motion carried 5-0.
4. Comments from Citizens.
No citizens were present.
5. Consider and act on the PEDC FY 06.07 Budget
The PEDC FY 06-07 budget was approved as submitted. Motion made by Jim Campbell; seconded by Bob
Luckock. Motion carried 5-0
6. Receive update on the €oilowinq iteEns. discuss and take anv necessary action:
A. Development applications and requests for business assistance.
The Board requested that each request be handled on a case -by -case basis.
B. Development of land uses adjacent to the BNSF railroad.
The Board requested that staff maintain a list of businesses inquiring about locations in Prosper.
7. Recess into Closed Session.
In compliance with Section 551, Texas Government Code, to wit: To discuss information that the EDC has
received from business projects that the EDC seeks to locate, stay or expand in the Town and with which the EDC
is conducting economic development negotiations.
The Board did not recess into executive session.
8. Reconvene into regular session.
9. Adiourned.
Meeting adjourned at 8:50 p.m. Motion made by Jim Campbell; seconded by Dan Tolleson. Motion
carried 5-0.
Bob iuckOGk, cretary
e L'f 6
Date:
Minutes for Prosper EDC Meeting — June 14, 2006 Page 1