02.15.23 PEDC MinutesPROSPEI(TEXAS
ECONOMIC DEVELOPMENT CORPORATION
Meeting of the Prosper
Economic Development Corporation
121 West Broadway Street
Prosper, Texas 75078
Wednesday, February 15, 2023, 6:00 P.M.
Call to Order and Announce a auorum is Present
Board Vice President David Blom called the meeting to order at 6:00 P.M. Board members present were
Treasurer Ray Smith, Secretary Don Perry, board members Mayor David F. Bristol, Chad Gilliland (arrived
at 6:04 P.M.) and Roger Thedford. Board member absent was President Jordan Simms. Executive Director
Mary Ann Moon, Sr. Economic Development Specialist Susanne Barney and citizen John Herring were present.
1. Comments from Citizens
No comments.
2. Approval of Minutes from January 18, 2023 board meeting.
Ray Smith made a motion to approve the minutes from the January 18, 2023 PEDC board meeting. The motion
was seconded by Roger Thedford and was approved 5-0 by all board members present.
3. Consider and Act on approval of PEDC Financial Report for the month of January 2023. Take any
additional action necessary.
Ray Smith overviewed the financial reports, investments and interest rates for the board and staff. Roger Thedford
made a motion to approve the financial reports for the month of January 2023 as presented. The motion was
seconded by Don Perry and approved 6-0 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 including the EDA
grant opportunity, Broadband study grant, and 1418 Coffee parking situation.
6. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, March 15, 2023.
The next board meeting was confirmed as Wednesday, March 15, 2023.
Board Vice President David Blom recessed the regular meeting at 6:29 P.M.
7. 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 Vice President David Blom called the meeting into Closed Executive Session at 6:29 P.M.
The PEDC Board met in Closed Executive Session from 6:29 P.M. to 8:24 P.M.
8. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations.
Board Vice President David Blom reconvened the meeting into Open Session at 8:24 P.M.
No action was taken.
PEDC Minutes —page 2
9. Adjourn
Mayor David F. Bristol made a motion to adjourn. The motion was seconded by Chad Gilliland.
The PEDC Board meeting adjourned at 8:25 P.M.
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