The FEDC board of directors is expected to also accept Quinn's resignation and approve the settlement agreement during Wednesday's meeting.
Quinn joined the FEDC in 2014. He said now is the time to try other ventures.
"The decision to leave is never an easy one when you have the opportunity to work for the Frisco EDC," Quinn said. "But I just feel I need to follow my passion and pursue other professional opportunities right now, looking at both the public and private sector. It's been an honor and a privilege to serve with the people of Frisco here at the EDC."
The FEDC is currently searching for a new president after former president Jim Gandy retired last year. The FEDC board of directors has hired a search firm to help find the next president.