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07.18.07 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 Wednesday, July 18, 2007 - 6:00 p.m. Board members present: President, Ray Smith„ Jim Campbell; Secretary, Bob Luckock; and Mike Wadsworth. Dan Tolleson EDC Executive Director 2. Discussion Recommended that EDC office attends leadership programs. Discussion and general overview of the TexStar and Texpool account balances Discussed relocation of the offices and office space options. 2007-2008 budget was discussed and sent forward for council approval. Discussion and approval from the draft for Aerial Focus. 3. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit: Section 551.074, to discuss personnel matters Section 551.087 to discuss economic development negotiations for the Custer Retail project, Blue Star, and Singer Davis. 3. Reconvene into regular session and take any action necessary as a result of the closed session. 4. Adjourn. Meeting adjourned at 6:52 p.m. — 4&4� — Bob L ckock, Sccretary Date