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04.26.07 PEDC MinutesProsper ECONOMIC DEVELOPMENT CORPORATION 1. Call to Order/Roll Call. President Ray Smith called the meeting to order at 6:03 p.m. MINUTES Special Meeting of the Economic Development Corporation Prosper Town Hall 121 W. Broadway, Prosper, Texas Thursday, April 26, 2007 - 6:00 p.m. Board members present: President, Ray Smith; Vice -President, Dan Tolleson; Treasurer, Jim Campbell; Secretary, Bob Luckock; and Mike Wadsworth. 2. 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 Campbell, seconded by Luckock to recess into closed session. Motion approved 5-0. 3. Reconvene into regular session and take any action necessary as a result of the closed session. Motioned by Wadsworth, seconded by Campbell to reconvene into regular session. Motion approved 5-0. Motioned by Wadsworth, seconded by Luckock to authorized Ray Smith to negotiate an agreement with Dan Tolleson to hire as new EDC Director. Motion approved 4-0. Dan Tolleson abstained. 4. Adjourn. Motioned by Campbell, seconded by Luckock to adjourn. Motion approved 5-0. Meeting adjourned at 6:52 p.m. Bob Luckock, Seca tart' Date