PEDC Minutes - 10.19.11Prosper MINUTES
Meeting of the Prosper Economic Development Corporation
ECONOMIC p DEVELOPMENT 170 N. Preston Rd., Suite 50, Prosper, Texas 75078
CORPORATION Wednesday, October 19, 2011 - 6:00 p.m.
1. Call to Order / Roll Call
Mike Wadsworth called the meeting to order at 6:02, board members present were Mike Wadsworth, Ray
Smith, Reno Jones, Kevin Drown, Jordan Simms, Jim Wicker. Board member Daniel Jones was absent; Mike
Land- Interim EDC Director was present.
2. Recognize reappointed PEDC board members
EDC board president Mike Wadsworth recognized Ray Smith and Daniel Jones as reappointed EDC board
members
3. Nominate and elect new PEDC board officers for 2011-2012
Jim Wicker was elected as PEDC Board President, Mike Wadsworth is Vice- President, Jordan Simms is
Secretary, and Reno Jones is Treasurer for the 2011-2012 year.
4. 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
5. Consider and act upon the minutes from the September 21, 2011 Prosper EDC board meeting
The September 21, 2011 PEDC minutes were approved with a motion from Reno Jones and 2°d from Mike
Wadsworth. The motion passed unanimously.
6. Consider and act upon the September 2011 financial statements for the Prosper Economic Development Corporation
The September 2011 financials were approved with a motion from Kevin Drown and 2nd from Ray Smith, the
motion passed unanimously.
PEDC information update:
General discussion regarding the EDC office marketing / goals
Mike Land reported that the new aerial map would be ready after final proof was complete. Discussion
was held regarding the upcoming ICSC retail convention.
Prosper EDC and Prosper chamber joint participation events
Mike Land and Kevin Drown gave a report about the first annual "doing business in Prosper"
luncheon series,12 businesses from Prosper are scheduled to attend.
8. Discuss and provide comment on the Prosper Capital Improvements advisory committee report
Jordan Simms gave an update regarding the Prosper Capital Improvements advisory committee report
9. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit:
PEDC board recessed into closed session at 6:20 p.m. with a motion from Jordan Simms and 2°d from Ray
Smith.
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
PEDC board reconvened into regular session at 7: 15 p.m. with a motion from Mike Wadsworth and 2nd from
Kevin Drown, the motion passed unanimously.
11. Discuss possible dates for a joint workshops with Town Council prior to year end 2011
A possible date for a joint meeting would be following the regular schedule PEDC board meeting Wednesday
November 16, 2011.
12. Adjourn
The PEDC board meeting was adjourned at 7:25 p.m. with a motion from Reno Jones and 2nd from Mike
Wadsworth.
Jordan imms — Secretary Date