PEDC Minutes - 09.21.11Prosper
MINUTES
Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd., Suite 50, Prosper, Texas 75078
DEVELOPMENT Wednesday, September 21, 2011 - 6:00 p.m.
CORPORATION
1. Call to Order / Roll Call
Mike Wadsworth PEDC Board President called the meeting to order at 6:04 p.m. those present were Mike
Wadsworth, Ray Smith, Jim Wicker, Reno Jones, Jordan Simms, Kevin Drown. Board member Daniel Jones
was absent. Mike Land Interim Executive Director and Executive Assistant Beth Larsen were present.
Councilman Kenneth Dugger and Senior Planner Chris Copple 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 August 16, 2011 Prosper EDC board meeting
The Minutes were approved with a motion from Jim Wicker and 2nd from Kevin Drown, the motion passed
unanimously.
4. Consider and act upon the August 2011 financial statements for the Prosper Economic Development Corporation
The August financials were approved with a motion from Jim Wicker and 2nd from Jordan Simms, the motion
passed unanimously.
5. Consider and take action to approve the 2011-2012 Prosper EDC proposed budget
The budget was approved with a motion from Kevin Drown and 2nd from Reno Jones, the motion passed
unanimously.
6. PEDC information update:
General discussion regarding the EDC office marketing / goals
PEDC staff is completing the new marketing folder and working on aerial map design changes.
Prosper EDC and Prosper chamber joint participation events
PEDC is hosting a business retention luncheon in partnership with the Town of Prosper, the Prosper
Chamber, and IESI as the luncheon sponsor.
7. Discuss Prosper Capital Improvements advisory committee updates
The PEDC board ask to further review the committee updates and address at the October board meeting.
3. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
The board recessed in to closed session at 6:59 p.m. with a motion from Ray Smith and 2nd from
Jim Wicker
i. Section 551.087 to deliberate economic development prospects.
9. Reconvene into regular session and take any action necessary as a result of the closed session
The board reconvened in to regular session at 7:40 p.m. with a motion from Reno Jones and 2nd from
Jordan Simms.
10. Discuss and take action on a recommendation to the Prosper Town Council on the structure
of economic development options for the Town of Prosper
No action was taken on this item.
11. Adjourn
The meeting was adjourned at 8:14 p.m. with a motion from Ray Smith and 2nd from Jim Wicker.
Jordan Simms — Secretary Date