04.18.07 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
1. Call to Order/Roll Call.
President Ray Smith called the meeting to order at 6:15 p.m.
MINUTES
Special Meeting of the Economic Development
Corporation
Prosper Fire Station
1500 E. First Street, Prosper, Texas
Wednesday, April 18, 2007 - 6:00 p.m.
Board members present: President Ray Smith, Vice -President Dan Tolleson (Arrived 6:18 p.m.), and Secretary Bob
Luckock.
2. Consider and act upon minutes of the March 21, 2007 Regular Meeting, April 2, 2007 Special Meeting,
and April 2, 2007 Joint EDC / Town Council meeting.
Motioned by Tolleson, seconded by Luckock to table item 2. Motion approved 3-0.
3. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
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.
Motioned by Tolleson, seconded by Luckock to recess into closed session. Motion approved 3-0.
4. Reconvene into regular session and take any action necessary as a result of the closed session.
Motioned by Luckock, seconded by Tolleson to reconvene into regular session. Motion approved 3-0.
5. Adjourn.
Motioned by Tolleson, seconded by Luckock to adjourn. Motion approved 3-0.
Meeting adjourned at 7:06 p.m.
leM/I �
Bob ackock, Se retary Date