PEDC Minutes - 01.20.10Prosper
ECONOMIC
DEVELOPMENT
CORPORATION
MINUTES
Meeting of the Prosper Economic Development Corporation
170 N. Preston, Suite 50, Prosper, Texas
Wednesday, January 20, 2010 — 6:00 p.m.
Call to Order / Roll Call.
Prosper EDC Board President Mike Wadsworth called the meeting to order at 6:05 p.m., board members
present were Mike Wadsworth, Ray Smith, Daniel Jones, Jordan Simms, Reno Jones, and Bob Luckock.
Executive Director Dan Tolleson and Executive Assistant Beth Larsen were present.
Recess into closed Executive session under Texas Government Code 551.071- Meeting with Attorney regarding a
matter(s) in which the duty of the Boards Attorney under the Texas Disciplinary Rules of Professional Conduct of
the State Bar of Texas conflicts with the Open Meetings Act regarding insurance.
PEDC board recessed into closed session with a motion from Bob Luckock and 2nd from Ray Smith.
3. Reconvene into Open Session and take any necessary action as a result of the Executive Session.
PEDC board reconvened into regular session with a motion from Reno Jones and 2nd from Jordan Simms.
4. PEDC board Attorney to conduct training session on conflicts of interest, ethics, open meetings and public information
including a question and answer session.
Legal counsel, Julie Fort, provided PEDC board training including conflict of interest, open meetings and
public information. Board was encouraged to ask questions during the training presentation.
5. Approve the minutes from the December 9, 2009 Prosper EDC board meeting.
Board member Daniel Jones made a motion to approve the minutes with a 2nd from Ray Smith, the motion
passed unanimously.
6. Review and approve the November and December financial statements for the Prosper Economic Development
Corporation.
Board member Daniel Jones made a motion to approve the financials with a 2nd form Jim Wicker, the motion
passed unanimously.
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.
8- PEDC information update:
A. Downtown project review.
B. 2010 networking and leadership opportunities for the EDC Board of Directors.
Gave an overview of future dates for upcoming networking functions.
C. Joint PEDC / Prosper Town Council meeting Wednesday February 24, 2010.
Discussed format and information regarding joint meeting.
D. PEDC staff / board goals and objectives for 2010.
PEDC staff with provide updated/revised goals and objectives at February board meeting.
9. Possibly direct Prosper Economic Development Corporation staff to schedule topics for discussion at future meeting.
10. Adjourn.
Board President Mike Wadsworth adjourned the meeting at 8:30 p.m. with a motion from Daniel Jones, and
2nd from Ray Smith.
Qat —