PEDC Minutes - 11.16.111
Prosper MINUTES
Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd., Suite 50, Prosper, Texas 75078
DEVELOPMENT Wednesday, November 16, 2011 - 6:00 p.m.
CORPORATION
Call to Order / Roll Call
PEDC board president Jim Wicker called the meeting to order at 6:00 p.m., Jim Wicker, Mike Wadsworth,
Daniel Jones, Ray Smith, Reno Jones, Jordan Simms were present, Kevin Drown was absent. Interim
Executive Director Mike Land was 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 October 19, 2011 Prosper EDC board meeting
Mike Wadsworth made the motion to approve the October 2011 minutes with a 2^d from Daniel Jones, the
motion passed unanimously.
4. Consider and act upon the October 2011 financial statements for the Prosper Economic Development Corporation
Reno Jones made the motion to approve the October 2011 financial statement with a 2^d from Daniel Jones,
the motion passed unanimously.
5. PEDC information update:
General discussion regarding the EDC office marketing / goals
Mike Land gave an overview of the Hosted Prosper Business meeting and the Preston Road construction
event. The new aerial map was presented to the PEDC board members.
6. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
The PEDC board recessed into closed session at 6:05 p.m. with a motion from Daniel Jones and 2nd from
Jordan Simms.
i. Section 551.087 to deliberate economic development prospects.
a. Discuss infrastructure development agreement with the Town of Prosper
b. Discuss economic development and financing agreement between the Town of Prosper
and Athlos Prosper Fund L.P.
Reconvene into regular session and take any action necessary as a result of the closed session
The PEDC board recessed into regular session at 7:04 p.m. with a motion from Mike Wadsworth and 2°d from
Ray Smith.
8. Adjourn
The PEDC meeting was adjourned at 7:06 p.m. with a motion from Daniel Jones and 2°d from Jordan Simms.
Jordan ' ms — Secretary Date