10.21.2009 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston, Suite 50, Prosper, Texas
Wednesday, October 21, 2009 - 6:00 p.m.
Call to Order / Roll Call.
Ray Smith called the meeting to order at 6:01 p.m., board members present were Ray Smith, Mike Wadsworth,
Daniel Jones, Jim Wicker, Bob Luckock, Reno Jones and Jordan Simms. Executive Director Dan Tolleson and
Executive Assistant Beth Larsen were also present.
2. Introduction of new PEDC board members.
Newly elected board members Mike Wadsworth, Reno Jones, and Jordan Simms were welcomed to the
board.
3. Election of PEDC officers for 2009 — 2010.
The following names were nominated and voted on by the board for the standing positions.
President — Mike Wadsworth
Vice -President — Daniel Jones
Secretary — Jim Wicker
Treasurer — Ray Smith
4. Approve the minutes from the September 16, 2009 Prosper EDC meeting.
The minutes for the September board meeting were approved with a motion from Jim Wicker and a 2°d from
Ray Smith, minutes were approved unanimously.
5. PEDC treasurer report for the month of September 2009.
6. Consider and act on upon financial statements of the Prosper Economic Development Corporation for the month
ending September 2009.
The financial statements for September were reviewed and the motion was made by Ray Smith and a 2°d by
Bob Luckock, the financials were approved unanimously.
7. Discussion and possible action regarding the adoption of, The Town of Prosper policy regarding Longevity pay for
PEDC staff.
No action was taken as a result of board discussion.
8. 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.
No Citizens comments were made at the meeting.
9. PEDC information update.
a. Report from Dan Tolleson regarding the directives put forth from the PEDC / Town Council retreat.
Discussion was held regarding the format of the retreat and the varied comments that resulted
from the discussion items as they relate to the PEDC. The PEDC board requested further
discussion and possible redirection based on future PEDC board input item will be discussed at
future board meetings.
b. Downtown infrastructure improvements.
c. EDC board and staff photograph scheduled 11/11/09 5:45 p.m.
d. Holiday reception / dinner for EDC board and guest, suggested date 12-9-2009
e. PEDC board will meet 12-9-09 for holiday dinner and board meeting.
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.
PEDC board recessed into closed session with motion from Bob Luckock and 2^d from Ray Smith.
11. Reconvene into regular session and take any action necessary as a result of the closed session.
PEDC closed session ended with motion from Reno Jones and 2°d from Ray Smith.
12. Possibly direct Prosper Economic Development Corporation staff to schedule topics for discussion at future meeting.
13. Adjourn.
Board President Mike Wadsworth called for a motion to adjourn at 7:15 p.m.; Ray Smith made the motion with
a 2°d from Daniel Jones
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