PEDC Minutes - 04.13.11i
Prosper ���T
Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd., Suite 50, Prosper, Texas 75078
DEVELOPMENT Wednesday, April 13, 2011 - 6:00 p,m.
CORPORATION
1. Call to Order / Roll Call
Mike Wadsworth called the meeting to order at 6:05 p.m., those present were Mike Wadsworth, Ray Smith,
Daniel Jones, Reno Jones, Jordan Simms, and Kevin Drown. Board member Jim Wicker was absent. Interim
Executive Director Mike Land and Executive Assistant Beth Larsen 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
David Vestal spoke in support of Chris Crossland with Crossland construction.Mi chael Beaty spoke on
behalf of the Athlos project.
3. Consider and act upon the minutes from the March 23, 2011 Prosper EDC board meeting
The minutes from the March 23 board meeting were approved with a motion from Ray Smith and 2^d from
Daniel Jones, the motion was approved unanimously.
4. Consider and act upon the March 2011 financial statements for the Prosper Economic Development Corporation
The March 2011 financials were presented by Reno Jones and were approved with a motion from Daniel
Jones and 2^d from Jordan Simms, the motion passed unanimously.
5. Review and take any necessary action on the Town investment policy
The Town investment policy was reviewed and the motion was made by Kevin Drown to accept the town
policy as written and the 2nd from Jordan Simms, the motion pass unanimously.
6. PEDC information update:
Presentation by Chris Crossland regarding spec industrial lease space
Board President Mike Wadsworth requested that Chris Crossland present first on the agenda, Chris
Crossland made his presentation starting at 6:10 p.m., and the board had discussion regarding the
presentation and ask Mr. Crossland questions about the project and the impact on Prosper.
General discussion regarding the EDC office marketing / goals
Mike Land and Beth Larsen reviewed EDC marketing projects and passed out new marketing card to board
members, the joint business reception to be hosted in August with the Town, EDC, and Prosper Chamber.
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 6:57 with a motion from Reno Jones and 2^d from Jordan
Simms.
i. Section 551.087 to deliberate economic development prospects.
ii. Section 551.072 to deliberate the purchase, exchange, lease or value of real property totaling 18 acres
and located south and west of the intersection of Cook Lane and Prosper Trail.
The EDC board reconvened into regular session at 7:42 p.m. with a motion from Ray Smith and 2nd from
Jordan Simms.
8. Reconvene into regular session and take any action necessary as a result of the closed session
The board requested that Jan Hall, Prosper resident and Baylor McKinney foundation board member be
invited to the May PEDC board meeting to present information about the new Baylor hospital. The board also
requested that an invitation be extended to Michael Beaty to present information on behalf of The Athlos
project.
Adjourn
The EDC board adjourned at 7:43 p.m. with a motion from Ray Smith and 2^d from Kevin Drown.
Jordan Simms — Secretary Date