PEDC Minutes - 11.17.10Prosiper
Minutes
FiLM Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd, Suite 50, Prosper, Texas 75078
DEVELOPMENT Wednesday, November 17, 2010 - 6:00 p.m.
CORPORATION
1. Call to Order / Roll Call
President Mike Wadsworth called the meeting to order at 6:02 p.m., Mike Wadsworth, Ray Smith, Daniel
Jones, Reno Jones, Jordan Simms, Kevin Drown were present, and board member Jim Wicker was absent.
Mike Land interim Executive Director and Beth Larsen 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 November 17, 2010 Prosper EDC board meeting
Ray Smith made a motion to accept the minutes from the November EDC board meeting with a 2nd from
Daniel Jones, the motion passed unanimously.
4. Consider and act upon the November 2010 financial statements for the Prosper Economic Development Corporation
Ray Smith made a motion to accept the November financial statements with a 2^d from Daniel Jones, the
motion passed unanimously.
5. Review the quarterly investment portfolio
The board reviewed the policy and questioned the diversification of funds options; action research options
6. Discuss topics for future meeting with Town Council
EDC board discussed questions they had for council and would meet in the future after proposed questions
were presented to council for deliberation.
7. Prosper EDC project updates
8. PEDC information update:
General discussion regarding the EDC office goals including:
A. Website updates and design
EDC staff reviewed website information and will e-mail link for EDC board to review and provide
feedback to staff
B. EDC contact list and database
EDC Board member Jordan Simms and staff member Beth Larsen commented on the contact list.
9. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
Board recessed into closed session at 6:30 p.m. with a motion from Daniel Jones and 2°d from Jordan Simms
i. Section 551.087 to deliberate economic development prospects
ii. Section 551.074 to discuss personnel matters
10. Reconvene into regular session and take any action necessary as a result of the closed session
Board reconvened into regular session at 6:59 with a motion from Ray Smith and 2^d from Jordan Simms
11. Adjourn
Board adjourned at 6:59 p.m. with motion from Reno Jones and 2nd from Kevin Drown
Jordan Simms — Secretary Date