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02.07.07 PEDC MinutesProsper ECONOMIC DEVELOPMENT CORPORATION 1. Call to Order/Roll Call. APPROVED MINUTES Special Meeting of the Economic Development Corporation 121 W. Broadway Street, Prosper, Texas Wednesday, February 7, 2007 - 6:00 p.m. President Ray Smith called the meeting to order at 6:00 p.m. Board members present: Treasurer Jim Campbell, Secretary Bob Luckock, and Mike Wadsworth. Board members absent: Dan Tolleson. 2. Consider and act a on minuses from the Februmury 1 2007 Special Meeting of the Pros er Economic Development Corporation. Motioned by Jim Campbell and seconded by Bob Luckock to approve minutes from the February 1 Special Meeting of the Prosper Economic Development Corporation as written. Motion approved 4-0. 3. 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 and seconded, by Bob Luckock to recess into closed session. Motion approved 4-0. 4. Reconvene into reeular session and take anv action necessary as a result of the closed session. Motioned by Jim Campbell and seconded by Bob Luckock to reconvene into regular session. Motion approved 4-0. No action was taken as a result of the closed session. 5. Adjourn. Motioned by Jim Campbell and seconded by Bob Luckock to adjourn. Motion approved 4-0. The meeting adjourned at 6:28 p.m. -A4WV Bob Lt koc , Secretary L h la Date: Minutes for Prosper EDC Meeting — February 7, 2007 Page 1 of 1