PEDC Minutes - 06.16.10Prosper
ECONOMIC
DEVELOPMENT
CORPORATION
Meeting of the Prosper Economic Development Corporation
170 N. Preston Rd, Suite 50, Prosper, Texas 75078
Wednesday, June 16, 2010 - 6:00 p.m.
Call to Order / Roll Call
EDC board president Mike Wadsworth called the meeting to order at 6:00 pm. Mike Wadsworth, Ray Smith,
Jim Wicker, Bob Luckock, Jordan Simms, Reno Jones were present, board member Daniel Jones was absent.
Mike Land interim EDC director and Beth Larsen executive assistant 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 May 19, 2010 Prosper EDC board meeting
Bob Luckock made the motion to approve the May 19, 2010 minutes with a 2^d from Ray Smith, the motion
passed unanimously.
4. Consider and act upon the May 2010 financial statements for the Prosper Economic Development Corporation
Jim Wicker made the motion to approve the May 2010 financial statements with a 2°d from Ray Smith, the
motion passed unanimously.
5. Review financial institution services and possibly take action to move or add additional persons to be authorized.
Action was not required at this time regarding the additional authorization of persons.
6. PEDC information update:
A. General discussion regarding website updates and design
The board discussed the 90 day play to review the website, design and implement possible changes
B. Discuss implementation of PEDC Website Project Application PDF
The board discussed different options to delete or include in a project application on the EDC website.
C. Discussion regarding paperless EDC board packet / delivery options
The board would like to implement a paperless EDC board packet starting in July 2010.
D. EDC points for the Town of Prosper newsletter "News and Notes"
EDC staff will research options to move forward with a regular newsletter format.
E. Priorities for EDC staff
EDC staff will work towards specific goals in the next 90 days including website, budget,
and newsletter.
F. 2011 Budget discussion
Preliminary budget will be presented for review at the July 2010 EDC board meeting.
7. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
Board member Jordan Simms made the motion to recess into closed session with a 2nd from Jim Wicker
a. Section 551.087 to deliberate economic development prospects
b. Section 551.074 to discuss personnel matters
Board member Reno Jones made the motion to reconvene into regular session with a 2nd from Bob Luckock
8. Reconvene into regular session and take any action necessary as a result of the closed session
Adjourn
Mike Wadswo adjourned the meeting at 7:25 pm, with motion from Jim Wicker and a 2^d from Reno Jones
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Jim YOickeir — Secretary Date