03.21.07 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
1. Call to Order/Roll Call.
MINUTES
Meeting of the Economic Development Corporation
121 W. Broadway Street, Prosper, Texas
Wednesday, March 21, 2007 - 6:00 p.m.
President Ray Smith called the meeting to order at 6:03 p.m.
Board members present: President Ray Smith, Vice -President Dan Tolleson Treasurer Jim
Campbell, Secretary Bob Luckock, and MikeWadsworth.
2. Consider and act upon the minutes from the February 21, 2007 Regular Meeting of the
Economic Development Corporation.
Motioned by Wadsworth, seconded by Luckock to table the February 21, 2007 Minutes.
Motion approved 5-0.
3. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government
Code, to wit:
Motioned by Campbell, seconded by Luckock to recess into closed session. Motion approved 5-0.
a. Section 551.074, to discuss the appointment and employment of an Executive Director of
the Prosper Economic Development Corporation.
b. 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 locate, stay,
or expand in the Town and with which the Economic Development Corporation is conducting
economic development negotiations.
4. Reconvene into regular session and take any action necessary as a result of the closed session.
Motioned by Campbell, seconded by Luckock to reconvene into regular session.
Motion approved 5-0.
5. Adjourn.
Motioned by Wadsworth, seconded by Campbell to adjourn. Motion approved 5-0.
Meeting adjourned at 6:41 p.m.
oz
Bob Luckock, Se retary Date