12.21.2022 PEDC MinutesPROSPERTEXAS
ECONOMIC DEVELOPMENT CORPORATION
Meeting of the Prosper
Economic Development Corporation
121 West Broadway Street
Prosper, Texas 75078
Wednesday, December 21, 2022, 6:00 P.M.
Call to Order and Announce.a Quorum is Present
Board President Jordan Simms called the meeting to order at 6:39 P.M. Board members present were Vice
President David Blom, Mayor David F. Bristol, Treasurer Ray Smith, Secretary Don Perry, and board members
Chad Gilliland and Roger Thedford. Executive Director Mary Ann Moon and Sr. Economic Development
Specialist Susanne Barney were present.
1. Comments from Citizens
No comments.
2. Approval of Minutes from November 16, 2022 board meeting.
Ray Smith made a motion to approve the minutes from the November 16, 2022 PEDC board meeting. The motion
was seconded by Roger Thedford and was approved 7-0 by all board members present.
3. Consider and Act on approval of PEDC Financial Report for the month of November 2022. Take any
additional action necessary.
Ray Smith overviewed the financial report for the board and staff. David F. Bristol made a motion to postpone
the PEDC Financial Report for November 2022 until the next meeting in order for corrections to be made. The
motion was seconded by Ray Smith and approved 7-0 by all board members present.
4. New Businesses Update.
The board was provided with a list of the newest businesses receiving their COs in Prosper, Tx.
5. Executive Director's Report: Administrative and Marketing Activities of the PEDC and Upcoming Events.
Mary Ann Moon presented her Administrative and Marketing report to the board and staff.
6. Downtown Development Update.
No update was given.
7. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, January 18, 2023.
The next board meeting was confirmed as Wednesday, January 18, 2023.
Board President Jordan Simms recessed the regular meeting at 6:48 P.M.
8. Convene into Closed Executive Session Pursuant to Texas Government Code:
• Section 551.087 — To discuss and consider economic development negotiations to deliberate commercial and
financial information and economic incentives related thereto.
• Section 551.072 To discuss and consider purchase, exchange, lease, or value of real property for municipal
purposes and all matters incident and related thereto.
• Section 551.074 — To discuss and consider personnel matters and all matters incident and related thereto.
Board President Jordan Simms called the meeting into Closed Executive Session at 6:48 P.M.
The PEDC Board met in Closed Executive Session from 6:48 P.M. to 7:56 P.M.
9. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations.
PEDC Minutes —page 2
Board President Jordan Simms reconvened the meeting into Open Session at 7:57 P.M.
No action was taken.
10. Adjourn
Roger Thedford made a motion to adjourn. The motion was seconded by David Bristol.
The PEDC Board meeting adjourned at 7:57 P.M.
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