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02.12.07 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 Monday, February 12, 2007 - 6:00 p.m. President Ray Smith called the meeting to order at 6:06 p.m. Board members present: President Ray Smith, Treasurer Jim Campbell, Secretary Bob Luckock, and Mike Wadsworth. Board members absent: Dan Tolleson. 2. Recess into closed session in compliance with Section 551.001 et. Sep. Texas Government Code, to wit: Section 551.074, to discuss (lie appointment and emolovment of an Executive Director of the Prosper Economic Development Corporation. Motioned by Bob Luckock and seconded by Jim Campbell to recess into closed session. Motion approved 4-0. 3. Reconvene into regular session and take any action necessary as a result of„(lie closed session. Motioned by Mike Wadsworth and seconded by Bob Luckock to reconvene into regular session. Motion approved 4-0. Motioned by Jim Campbell and seconded by Bob Luckock to authorize Ray Smith to enter into negotiations with Douglas Mousel to serve as the Executive Director of the Prosper Economic Development Corporation. Motion approved 4-0. 4. Adjourn. Motioned by Mike Wadsworth and seconded by Jim Campbell to adjourn. Motion approved 4-0. The meeting adjourned at 6:46 p.m. "Oe V Bob Lt kock, Sec tart' 21 1Z 10 Date: Minutes for Prosper EDC Meeting — February 12, 2007 Page 1 of 1