PEDC Minutes - 02.16.11Fp 00-0 F,
prosper '00d
ECONOMIC Meeting of the Prosper Economic Development Corporation
DEVELOPMENT 170 N. Preston Rd., Suite 50, Prosper, Texas 75078
CORPORATION Wednesday. February 16.2011 - 6:00 o.m.
1. Call to Order / Roll Call
Mike Wadsworth called the meeting to order at 6:02 p.m., Mike Wadsworth, Ray Smith, Jordan Simms, Reno
Jones was present. Mike Land acting PEDC Executive Director and Beth Larsen PEDC Executive Assistant
were present. PEDC board members absent were Daniel Jones, Jim Wicker, and Kevin Drown.
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 January 19, 2011 Prosper EDC board meeting
The minutes from the January 19 board meeting were approved with a motion from Ray Smith and 2nd form
Jordan Simms, the motion passed unanimously.
4. Consider and act upon the January 2011 financial statements for the Prosper Economic Development Corporation
The January financial statements were reviewed and the motion was made by Ray Smith and 2nd from Reno
Jones, the motion pass unanimously.
5. Review and take any necessary action for the Quarterly Investment Statement for the Prosper Economic
Development Corporation
Jordan Simms made the motion to approve the Quarterly Investment Statement with a motion from Jordan
Simms and 2nd from Mike Wadsworth, the motion passed unanimously.
6. Review and take any necessary action regarding the 2009-2010 Prosper EDC audit report
Reno Jones made the motion to approve the Prosper EDC audit report as presented with a 2nd from Jordan
Simms, the motion passed unanimously.
Review and take action to approve performance agreement between the Prosper EDC and Precision Landscape
Management, L.P.
Jordan Simms made the motion to approve the performance agreement between the Prosper EDC and
Precision Landscape with a 2nd from Reno Jones, the motion passed unanimously.
8. PEDC information update:
General discussion regarding the EDC office marketing / goals
Mike Land and Beth Larsen presented and reviewed the options for implementing Face book and other
Media options for distributing current information to the public, including newspaper articles and
press releases.
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 6:33 pm with a motion from Ray Smith and 2nd from Jordan
Simms. i. Section 551.087 to deliberate economic development prospects
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 7:46 pm with a motion from Ray Smith and 2nd from
Jordan Simms.
11. Adjourn
The board meeting was adjourned at 7:46 pm with a motion from Ray Smith and 2nd from Reno Jones.
Jordan Si ms — Secretary 6ale