05.30.07 PEDC Minutes,Prosper
ECONOMIC
DEVELOPMENT
CORPORATION
1. Call to Order/Roll Call.
MINUTES
Meeting of the Economic Development Corporation
Prosper Town Hall
121 W. Broadway, Prosper, Texas
Wednesday, May 30, 2007 - 6:00 p.m.
President Ray Smith called the meeting to order at 7 p.m.
Board members present: President, Ray Smith; Vice -President, Daniel Jones; Treasurer, Jim Campbell;
Secretary, Bob Luckock. Also in attendance was PEDC Executive Director, Dan Tolleson, PEDC Executive
Assistant, Andrea Berry, and Interim Town Manager, Kevin Carruth.
2. Consider and act upon minutes of the March 21, 2007 Regular Meeting, April 2, 2007 Special Meeting,
April 18, 2007 Special Meeting, April 26, 2007 Special Meeting of the Prosper Economic Development
Corporation.
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4.
Minutes were approved as submitted. Motion made by Jim Campbell; seconded by Bob Luckock. Motion
carried 4-0.
Comments from Citizens.
No citizens were present.
Receive Staff updates on the following items, discuss and take any necessary action:
A. Discussion of 2007 — 2008 EDC Budget
Mr. Tolleson updated board on budget submitted to Ron Butler, Town Accountant. The board did not have
concerns, submit to Town Council.
B. ISCS Trade Show and Conference — Booth Rental
Ms. Berry updated the board on the ICSC conference coming up in October. All members felt it would be a
good opportunity, related fees will be paid.
C. Prosper Promenade of Homes
Mr. Luckock briefed the board on the upcoming Prosper Promenade of Homes. He asked the board to donate
$1300.00, to help with the cost. Jim Campbell made a motion; seconded by Ray Smith. Motion carried 3-0.
Bob Luckock abstained.
D. Introduction and confirmation of Daniel Jones, as EDC Director and PISD Board liaison.
Ray Smith introduced Daniel Jones, the new PISD Board liaison. Jim Campbell made a motion to have Daniel
Jones take Dan Tolleson's place as Vice President; seconded by Bob Luckock. Motion carried 3-0. Daniel
Jones abstained.
E. Amend resolution with Texpool, to change authorized representatives.
Jim Campbell made a motion to have PEDC Executive Director, Dan Tolleson become an authorized signer on
the Texpool account; seconded by Ray Smith. Motion carried 4-0.
F. Aerial
Ms. Berry gave an update on the new aerial that recently was flown in April. Karen Smith, with Aerial Focus,
is updating the layout for this years map. Working with new commercial developments, for advertising spots
on the backside of the map. Project completed by July.
5. Recess into closed session in compliance with Section 551.087 et. Seq. Texas Government Code, to wit:
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 located, stay, or expand in the
Town and with which the Economic Development Corporation is conducting economic negotiations.
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Motioned by Bob Luckock, seconded by Jim Campbell to recess into closed session in compliance with
Section 551.087 et. Seq. Texas Government Code, to wit: Deliberations regarding commercial or financial
information that the Economic Development Corporation has received from business prospects that the
Economic Development Corporation seeks to have located, stay, or expand in the Town and with which the
Economic Development Corporation is conducting economic negotiations. Motion carried 4-0.
Reconvene into regular session and take any action necessary as a result of the closed session.
Motioned by Jim Campbell, seconded by Bob Luckock to reconvene into regular session. Motion approved
4-0
No action was necessary as a result of executive session.
Possible direct Prosper Economic Development Corporation staff to schedule topic(s) for discussion at a
future meeting.
Adjourn
Motion made by Jim Campbell, seconded by Daniel Jones to adjourn. Motion carried 4-0. The meeting was
adjourned at 8:20 p.m.
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Bob Lu ock, Secretafry Date