01.10.07 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
1. Call to Order 1 Roll Call.
APPROVED MINUTES
Special Meeting of the Economic Development Corporation
121 W. Broadway Street, Prosper, Texas
Wednesday, January 10, 2007 - 6:00 p.m.
President Ray Smith called the meeting to order at 6:00 p.m.
Board members present: President Ray Smith, Vice -President Dan Tolleson, Secretary Bob Luckock, and Mike Wadsworth.
Town staff present: Douglas Mousel, Town Manager. Treasurer Jim Campbell was absent.
2. Consider and act upon minutes from the October 18, October 23, November 14, November 15, November 29, and
December 6 meetings of the Prosper Economic Development Corporation.
Motioned by Mike Wadsworth, seconded by Dan Tolleson to approve minutes from the October 18, October 23, November
14, November 15, November 29, and December 6 meetings of the Prosper Economic Development Corporation subject to
the revision of the October 18 minutes. Motion approved 4-0.
3. Consider and act upon financial statements of the Prosper Economic Development Corporation for September,
October, and November 2006.
Motioned by Mike Wadsworth, seconded by Bob Luckock to approve the financial statements of the Prosper Economic
Development Corporation for September, October, and November 2006. Motion approved 4-0.
4. Review and discuss the Prosper Economic Development Corporation's financial audit of the 2005.2006 fiscal year.
The Prosper Economic Development Board reviewed and discussed the Prosper Economic Development Corporation's
financial audit of the 2005-2006 fiscal year.
5. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit: Section
551.074, to discuss the appointment and employment of an Executive Director of the Prosper Economic
Development Corporation.
Motioned by Bob Luckock, seconded by Dan Tolleson to recess into closed session in compliance with Section 551.001 et.
Seq. Texas Government Code, to wit: Section 551.074 to discuss the appointment and employment of an Executive
Director of the Prosper Economic Development Corporation. Motion approved 4-0.
6. Reconvene into regular session and take any action necessary as a result of the closed session.
Motioned by Dan Tolleson, seconded by Mike Wadsworth to reconvene into regular session. Motion approved 4-0.
No action was necessary as a result of executive session. This item will be discussed at the Prosper Economic
Development Corporation's regular meeting on January 17, 2007.
7. Adjourn.
Motioned by Bob Luckock, seconded by Mike Wadsworth to adjourn. Motion approved 4-0. The meeting was adjourned at
6:50 p.m.
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Bob Luckoc , Secretary Date `�