PEDC Minutes - 07.21.10a .
Prosper MINUTES
Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd, Suite 50, Prosper, Texas 75078
DEVELOPMENT Wednesday, July 21, 2010 - 6:00 p.m.
rij CORPORATION
Call to Order / Roll Call
Mike Wadsworth called the meeting to order at 6:06 p.m. Board members present were Mike Wadsworth, Ray
Smith, Daniel Jones, Bob Luckock, and Reno Jones. Board members Jim Wicker and Jordan Simms were
absent. PEDC interim director Mike Land and PEDC Executive Assistant Beth Larsen were present.
2. Comments from citizens, the EDC may receive input from the public; however the topic may not be discussed by the
EDC unless the topic is specifically listed on the meeting agenda
3. Consider and act upon the minutes from the June 16, 2010 Prosper EDC board meeting
Ray Smith made the motion to accept the June minutes with a 2°d from Daniel Jones, the motion was passed
unanimously.
4. Consider and act upon the June 2010 financial statements for the Prosper Economic Development Corporation
Daniel Jones made the motion to accept the June financial statements with a 2°d from Bob Luckock, the
motion passed unanimously.
5. Review and possibly take any necessary action regarding the PEDC investment policy changes
There was not any necessary action to take in regards to the PEDC investment policy changes.
6. Review, and possibly take action to approve the 2010 Prosper EDC budget
The PEDC board will review any changes to the 2010 budget and vote on the budget at the August board
meeting.
7. Discuss the PEDC personnel policy
The PEDC board members discussed the current policy and will continue to review options.
8. Review PEDC lease information provided and take any necessary action to adopt the new
agreement effective October 1, 2010
The PEDC board did not take any action regarding the lease information, discussion was
held regarding possible changes to the lease agreement.
9. Prosper EDC project updates
PEDC interim Executive director Mike Land gave updates on several ongoing project discussions.
10. PEDC information update:
General discussion regarding the 90 day EDC office goals including:
A. Website updates and design
Mike Land and Beth Larsen discussed possible changes regarding the PEDC website, including
the addition of the project application to the website in the near future.
B. Implementation of PEDC Website Project Application PDF
C. EDC contact list and database
Beth Larsen gave an update of the sample contact sheet and discussed the meeting with Jordan
Simms and the new format that would be developed as it regards to PEDC contacts and
information.
11. PEDC business retention
Mike Land and Beth Larsen discussed the upcoming top business producers meeting and talked about
important points that would be discussed during that meeting.
12. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
Ray Smith made the motion to go into executive session at 6:41 p.m. with a 2°d from Mike Wadsworth.
i. Section 551.087 to deliberate economic development prospects
ii. Section 551.074 to discuss personnel matters
Ray Smith made the motion at 7:40 to reconvene into regular session with a 2nd from Reno Jones.
13. Reconvene into regular session and take any action necessary as a result of the closed session
No Action as a result of executive session was needed.
14. Adjourn
The PEDC meeting was adjourned at 7:41 with a motion from Daniel Jones and a 2°d from Bob Luckock.
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