05.20.2009 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston, Suite 50, Prosper, Texas
Wednesday, May 20, 2009 - 6:00 p.m.
Call to Order / Roll Call.
Ray Smith called the meeting to order at 6:10 p.m. Board members present were Ray Smith, Bob Luckock,
Daniel Jones, Jim Campbell, and PEDC Executive Director Dan Tolleson. Bd. Member Jim Wicker was
absent.
2. Approve the minutes from the April 16, 2009 Prosper EDC meeting.
The minutes were approved with a motion from Daniel Jones and 2nd from Bob Luckock, minutes were
approved unanimously.
3. PEDC treasurer report for the month of April 2009.
Bd. member Jim Campbell gave a report on the April 2009 financials.
4. Consider and act on upon financial statements of the Prosper Economic Development Corporation for the month
ending April 2009
The financials were approved with a motion by Daniel Jones and 2nd from Bob Luckock, the motion passed
unanimously.
5. PEDC Executive Director will review the Investment Portfolio Summary for the Quarter Ended March 31, 2009.
The investment Portfolio was reviewed.
6. Discuss 2009- 2010 PEDC budget.
7. Executive Director Dan Tolleson will give an update and discuss PEDC contacts.
Dan Tolleson gave an overview of his most recent contacts.
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.
9. Receive Staff updates on the following items, discuss and take any necessary action:
a. Meetings , conferences and trainings
b. EDC presentations and community involvement ( PAC and Prosper Chamber)
10. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit: Section
551.074, to discuss TIRZ involving Prosper West.
PEDC recessed into closed session at 6:30 p.m. with a motion from Jim Campbell and 2°d from Bob Luckock.
11. Reconvene into regular session and take any action necessary as a result of the closed session.
PEDC board reconvened at 7:00 p.m. with a motion from Bob Luckock and 2°d from Daniel Jones.
Board chose to participate in the Prosper West TIRZ agreement at 50% of the PEDC's 1/2 of 1% sales tax,
generated within the Prosper West TIRZ boundary.
12. Possibly direct Prosper Economic Development Corporation staff to schedule topics for discussion at future meeting.
13. Adjourn.
PEDC board adjourned at 7:15 p.m. with motion from Daniel Jones and 2^d from Bob Luckock.
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Bob Luckock — s Lary Date