07.18.12 PEDC Minutes1
Prosper MINUTES
Meeting of the Prosper Economic Development Corporation
ECONOMIC 170 N. Preston Rd., Prosper, Texas 75078
DEVELOPMENT Wednesday, July 18, 2012 - 6:00 p.m.
CORPORATION
1. Call to Order / Roll Call
PEDC Board President Jim Wicker called the meeting to order at 6:10 p.m. those present were
Jim Wicker, Mike Wadsworth, Ray Smith, Daniel Jones, Reno Jones, Jordan Simms. PEDC
Board member Kevin Drown was absent. Interim Town Manger Lyle Dresher and PEDC
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
3. Consider and act upon the minutes from the June 20, 2012 Prosper EDC board meeting
The motion was made to approve the June 20, 2012 minutes by Mike Wadsworth and 2°d by
Ray Smith the motion passed unanimously.
4. Consider and act upon the minutes from the June 27, 2012 Special called EDC board meeting
The motion was made to approve the June 27, 2012 special meeting minutes by Ray Smith and
2"d by Reno Jones, the motion passed unanimously.
The PEDC board President moved item # 9 next in the agenda
9. Recess into closed session in compliance with Section 551.001 et. Seq. Texas Government Code,
to Wit:
The PEDC board recessed into closed session at 6:12 p.m. with a motion from Mike
t Wadsworth and 2"d from Daniel Jones
i. Section 551.087 To deliberate regarding Economic Development Negotiations
regarding property located west of DNT, north of Hwy 380, east of 1385 and south of
First Street
ii. Section 551.074 To deliberate the appointment employment and/or duties of the interim
Economic Development Director and/or permanent Economic Development Director
10. Reconvene into regular session and take any action necessary as a result of the closed session
The PEDC board reconvened into regular session at 7:44 p.m. with a motion from Daniel
Jones and a 2°d from Jordan Simms. PEDC board President Jim Wicker will conduct
Negotiations regarding the Interim Economic Development Executive Director contract.
5. Consider and act upon the June 2012 financial statements for the Prosper Economic Development
Corporation
Ray Smith made the motion to approve the June 2012 financial statement for the Prosper
Economic Development Corporation with a 2°d from Daniel Jones, the motion passed
unanimously.
6. Discuss and review 2012-2013 proposed Economic Development Corporation budget
The PEDC board reviewed and discussed the 2012-2013 EDC budget and made
recommendation for final budget approval at the August 2012 PEDC board meeting.
7. Consider and take action on a stormwater drainage infrastructure improvement project in partnership
with the Town of Prosper for the corner of First St. and Preston Rd.
Mike Wadsworth made the motion to approve the PEDC and Town of Prosper partnership to
J support the stormwater drainage infrastructure improvements not to exceed $ 55,000, Daniel
Jones 2°d the motion, the motion passed unanimously.
8. PEDC information update
Executive Assistant Beth Larsen reviewed marketing materials and commented on several fall
events that the Prosper EDC will attend.
11. Adjourn
The Prosper EDC board adjourned at 8:10 p.m. with a motion from Ray Smith and 2nd from
Mike Wadsworth
Note: The order in which items are heard on the agenda is subject to change
Jordan Simms Date
Secretary, Prosper Economic Development Corporation