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12.15.2010 PEDC MinutesProsper ECONOMIC DEVELOPMENT CORPORATION Meeting of the Prosper Economic Development Corporation 3131 E. Prosper Trail, Prosper, Texas 75078 Wednesday, December 15, 2010 - 6:00 p.m. 1. Call to Order / Roll Call Mike Wadsworth board president called the meeting to order at 5:57 pm, Mike Wadsworth, Ray Smith, Daniel Jones, Jim Wicker, Jordan Simms, Reno Jones, and Kevin Drown were present. Mike Land Acting Executive Director and Beth Larsen Executive Assistant were also 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 citizen's comments. 3. Consider and act upon the minutes from the November 17, 2010 Prosper EDC board meeting The minutes were approved with a motion from Ray Smith and 2^d from Jim Wicker, the motion passed unanimously. 4. Consider and act upon the November 2010 financial statements for the Prosper Economic Development Corporation The financial statements were approved with a motion from Jim Wicker and 2^d from Reno Jones, the motion passed unanimously. 5. Prosper EDC project updates Mike Land and Beth Larsen gave updates regarding recent contacts and PEDC office inquires. 6. PEDC information update: General discussion regarding the EDC office goals including A. Website updates and design B. EDC contact list and database Mike Land and Beth Larsen reported the new PEDC website has gone live and updates will continue to be added in the future. Jordan Simms and Beth Larsen discussed the ongoing formatting to the contact database. 7. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit: The board recessed into closed session at 6:15 pm with a motion from Kevin Drown and 2°d from Jordan Simms i. Section 551.087 to deliberate economic development prospects ii. Section 551.074 to discuss personnel matters 8. Reconvene into regular session and take any action necessary as a result of the closed session The board reconvened into regular session at 6:33 with a motion from Jim Wicker and 2^d from Kevin Drown 9. Adjourn The board meeting was adjourned at 6:35 with a motion from Ray Smith and 2^d from Kevin Drown Jordan Simms — Secretary Date