01.17.07 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
Call to Order/Roll Call.
APPROVED MINUTES
AGENDA
Regular Meeting of the Economic Development Corporation
121 W. Broadway Street, Prosper, Texas
Wednesday, January 17, 2007 - 7:00 p.m.
President Ray Smith called the meeting to order at 7:00 p.m.
Board members present: President Ray Smith, Treasurer Jim Campbell, Secretary Bob Luckock, and Mike
Wadsworth. Town staff present: Douglas Mousel, Interim Town Manager. Vice -President Dan Tolleson was absent.
2. Consider and act upon minutes of the January 10, 2007 Special Meeting of the Prosper Economic
Development Corporation.
Motioned by Jim Campbell, seconded by Bob Luckock to approve minutes from the January 10, 2007 Special Meeting
of the Prosper Economic Development Corporation. Motion approved 4-0.
3. Consider and act upon financial statements of the Prosper Economic Development Corporation for the month
ending December 31, 2006.
Motioned by Mike Wadsworth, seconded by Jim Campbell to approve the financial statements of the Prosper
Economic Development Corporation for the month ending December 31, 2006. Motion approved 4-0.
4. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
Section 551.087 (Economic Development Negotiations) — Deliberations regarding commercial or financial
information that the Economic Development Corporation has received from business prospects that the
Economic Development Corporation seeks to have, stay, or expand in the Town and with which the Economic
Development Corporation is conducting economic development negotiations.
Motioned by Mike Wadsworth, seconded by Bob Luckock to recess into closed session in compliance with Section
551.001 et. Seq. 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. Motion approved 4-0.
5. Reconvene into regular session and take any action necessary as a result of the closed session.
Motioned by Jim Campbell, seconded by Bob Luckock to reconvene into regular session. Motion approved 4-0.
No action was necessary as a result of executive session.
6. 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 Jim Campbell, seconded by Bob Luckock to recess into closed session in compliance with Section
551.001 et. Seq. Texas Government Code, to wit: To discuss the appointment and employment of an Executive
Director of the Prosper Economic Development Corporation. Motion approved 4-0.
Reconvene into regular session and take any action necessary as a result of the closed session.
Motioned by Jim Campbell, seconded by Bob Luckock to reconvene into regular session. Motion approved 4-0.
No action was necessary as a result of executive session.
8. Adjourn.
Motioned by Jim Campbell, seconded by Bob Luckock to adjourn. Motion approved 4-0. The meeting was
adjourned at 8:15 p.m.
Bob Luck ck, Secret ry
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