08.19.2009 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston, Suite 50, Prosper, Texas
Wednesday, August 19, 2009 - 6:00 p.m.
1. Call to Order / Roll Call.
Ray Smith called the meeting to order at 6:02 p.m., board members present were Ray Smith, Jim
Campbell, Jim Wicker, Bob Luckock, and Executive Director Dan Tolleson. Bd. member Daniel Jones
was absent.
Approve the minutes from the June 17, 2009 and July 15, 2009 Prosper EDC meeting.
The minutes were approved with a motion from Jim Wicker and 2nd from Jim Campbell, minutes were
approved unanimously.
3. PEDC treasurer report for the month of June and July 2009.
Jim Campbell, treasurer, gave a report on the financials for the month of June and July 2009.
4. Consider and act on upon financial statements of the Prosper Economic Development Corporation for the month
ending June and July 2009.
The financials were approved with a motion from Jim Campbell, and 2nd from Jim Wicker, financials were
approved unanimously.
5. Discuss and act on 2009- 2010 PEDC budget.
Executive Director Dan Tolleson reviewed the 2009-2010 proposed budget. The board voted to accept the
proposed budget subject to suggested changes. The budget was approved with a motion from Jim Campbell,
and 211d from Bob Luckock. The motion passed unanimously.
6. Discuss and act, on the amended articles of incorporation and bylaws of PEDC.
Executive Director Dan Tolleson reviewed the changes to the articles of incorporation and bylaws to the EDC.
The Board voted to accept the changes with a motion by Jim Wicker and 2nd from Jim Campbell. The motion
passed unanimously. The bylaws and articles will be reviewed and voted on by Prosper Town Council.
Comments from Citizens. The EDC may receive impute from the public, however the topic may not be discussed by
the EDC unless the topic is specifically listed on the meeting agenda.
8. PEDC information update.
a. Grant opportunities.
b. Downtown infrastructure improvements.
c. Joint PEDC and Prosper Town Council workshop, tentative dates 10/6 or 10/13. Proposed meeting time frame
9 am — 3 pm Collin College board room.
10. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit: Section
551.074, discuss updates concerning on -going projects.
11. Reconvene into regular session and take any action necessary as a result of the closed session.
12. Possibly direct Prosper Economic Development Corporation staff to schedule topics for discussion at future meeting.
13. Adjourn.
The PEDC board meeting adjourned at 6:56 p.m. with a motion from Bob Luckock and 2nd from Jim Campbell.
Bob ckock — ecretary Date