07.15.2009 PEDC MinutesProsper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston, Suite 50, Prosper, Texas
Wednesday, July 15, 2009 - 6:00 p.m.
1. Call to Order / Roll Call.
Ray Smith called the meeting to order at 6:10 p.m. Ray Smith, Bob Luckock, Daniel Jones, Jim Wicker, Jim
Campbell and Executive Director Dan Tolleson were present. No bd. members were absent.
2. Approve the minutes from the June 17, 2009 Prosper EDC meeting.
The June 17, 2009 minutes were approved with a motion from Daniel Jones and 2°d from Jim Wicker. Motion
was approved unanimously.
3. PEDC treasurer report for the month of June 2009.
Bd. treasurer Jim Campbell gave a report on the financials for the month ending June 2009.
4. Consider and act on upon financial statements of the Prosper Economic Development Corporation for the month
ending June 2009.
The June financials were approved with a motion from Jim Wicker and 2^d from Jim Campbell. Motion was
approved unanimously.
5. Discuss and potentially act on 2009- 2010 PEDC budget.
Board reviewed the budget and ask that proposed '09210 budget be sent via e-mail to board members for
their review, prior to the August board meeting.
6. Discuss and potentially amend articles of incorporation and bylaws of PEDC.
Discussion was held concerning possibly changes to the articles of incorporation and the PEDC Bylaws,
changes will be passed to Prosper Town council for review and decision for action.
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.
Executive Director reviewed PEDC community involvement and recent meetings attended by staff.
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 did not recess into closed session.
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.
Ray Smith adjourned the meeting at 6:53 P.M. with motion from Jim Wicker and 2^d from Daniel Jones.
Bob' uckock — Secretary Date