PEDC Minutes - 08.18.10Pros per MINUTES
Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd, Suite 50, Prosper, Texas 75078
DEVELOPMENT Wednesday, August 18, 2010 - 6:00 p.m.
CORPORATION
Call to Order / Roll Call
Mike Wadsworth called the meeting to order at 6:06 p.m., board members Mike Wadsworth, Ray Smith, Daniel
Jones, Jim Wicker, Jordan Simms, and Reno Jones were present. Board member Bob Luckock was absent.
Acting EDC Director Mike Land 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
There were no comments from citizens.
3. Consider and act upon the minutes from the July 21, 2010 Prosper EDC board meeting
The minutes were approved with a motion from Daniel Jones and a 2nd from Ray Smith, the motion passed
unanimously.
4. Consider and act upon the July 2010 financial statements for the Prosper Economic Development Corporation
The Financials were approved with a motion from Daniel Jones and a 2^d from Jim Wicker, the motion passed
unanimously.
5. Review, and take action to approve the 2010 Prosper EDC budget
The EDC board reviewed and approved the 2010-2011 budget with a motion from Reno Jones and a 2nd from
Daniel Jones, the motion passed unanimously.
6. Discuss the PEDC personnel policy
Daniel Jones submitted notes to Mike Land after a review of the Town of Prosper policy which is currently
used by PEDC employees. The notes will be reviewed and discussed at the September 2010 board meeting.
7. Prosper EDC project updates
EDC staff updated the board regarding on -going projects and office contacts.
8. PEDC information update:
General discussion regarding the EDC office goals including:
A. Website updates and design
EDC staff updated the board about the website and future plans for changes.
B. Implementation of PEDC Website Project Application PDF
EDC staff presented the changes for the Project Application that will post on the future website.
C. EDC contact list and database
EDC staff will install new software and develop a database for EDC contacts.
9. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
The EDC board recessed into closed session at 7:00 pm with a motion from Ray Smith and a 2^d from Reno
Jones.
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
The EDC board reconvened into regular session at 7:30 pm with a motion from Ray Smith and a 2^d from
Jordan Simms.
11. Adjourn
The EDC board meeting was adjourned with a motion from Daniel Jones and a 2^d from Jim Wicker.
I �-la
Dat