07.12.06 PEDC MinutesProsper
ECONOMIC
' DEVELOPMENT
CORPORATION
APPROVED MINUTES
Regular Meeting of the Economic
Development Corporation
121 W. Broadway Street, Prosper, Texas
Wednesday, July 12, 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 except EDC
Secretary, Bob Luckock. Also in attendance was PEDC Executive Director Karen Gandy and Director of
Development Services Hulon Webb.
2. Approval of Minutes.
Minutes were approved as submitted. Motion made by Jim Campbell; seconded by Dan Tolleson. Motion carried
4-0.
3. Approval of Financial Statements.
Financial statements for the month ending May 31, 2006 were approved as submitted. Motion made by Dan
Tolleson; seconded by Jim Campbell. Motion carried 4-0.
4. Comments from Citizens.
No citizens were present.
5. Presentation by Kyle Kasner, Kasner and Associates, LLC, specializing in providing state, local, and
federal sales, use, excise, and privifege tax consultations.
6. Discuss tax presentation and take any necessary action, including possibly directing staff to bring back a
a contract for professional services with Kasner and Associates, LLC.
The EDC Board declined to enter into a professional services contract with Kasner and Associates, LLC. at this
time.
7. Discuss strategic planning process and consider possible cost participation with the Town of Prosper for
professional services to develop a Strategic Plan.
The EDC Board agreed to jointly fund with the Town Council the cost of a professionally -facilitated strategic plan,
up to $10,000, but requested a joint meeting with the Town Council to further discuss the goals of the strategic
planning efforts. Motion made by Jim Campbell; seconded by Dan Tolleson.
8. Discuss priority listings of Capital Improvements Plan (CIP) projects as related to economic development
recruitinrt efforts and consider passible recommendation to Town Council and cost participation.
Director of Development Services, Hulon Webb presented the EDC board with an updated Capital Improvement
Projects Priority List for Water and Sewer services for Prosper.
9. Reconsider action on the PEDC FY 06-07
No action taken
Due to a prior engagement, EDC Board member Mike Wadsworth had to leave the meeting at 8:30 p.m.
10. Discuss topics for future Joint Meeting Town Council
The EDC Board requested a joint meeting with the Town Council to further discuss the goals of the strategic
planning efforts and their joint participation with the Town Council in the process.
11. Receive updates on the follmvinq items or from the fallowing organizations discuss and take an
necessary action:
A. Current and pending construction and utility projects and annexation, zoning and development
applications — No updates
B. PEDC FY 06.07 Work Plan — No updates
C. Prosper Area Chamber of Commerce — Chamber representative Bob Luckock was not present.
D. Prosper I.S.D. — Prosper I.S.D. representative Dan Tolleson updated the Board on future school locations.
Minutes for Prosper EDC Meeting - July 12, 2006 Page 1
E. Prosper Town Council — Town Council representative Mike Wadsworth was not present at this point in the
meeting.
12. 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 recessed into executive session at 9:30 p.m. Motion made by Jim Campbell; seconded by Dan
Tolleson. Motion carried 3-0.
13. Reconvene into_regular session and take any action necessary as a result of the close session.
The Board reconvened into regular session at 10:00 p.m. Motion made by Jim Campbell; seconded by Dan
Tolleson. Motion carried 3-0.
14. Ad ourned.
Meeting adjourned at 10:00 p.m. Motion made by Jim Campbell; seconded by Dan Tolleson. Motion carried 3-0.
Bob Ouckock, Secretary
z
Date
Minutes for Prosper EDC Meeting — July 12, 2006 Page 1