04.19.23 PEDC MinutesPROSPERrEXAS
ECONOMIC DEVELOPMENT CORPORATION
Meeting of the Prosper
Economic Development Corporation
121 West Broadway Street
Prosper, Texas 75078
Wednesday, April 19, 2023, 6:00 P.M.
Call to Order and Announce a Quorum is Present
Board President Jordan Simms called the meeting to order at 6:00 P.M. Board members present were Vice
President David Blom, Treasurer Ray Smith, Secretary Don Perry, and board members Chad Gilliland and
Roger Thedford. Board member absent was Mayor David F. Bristol. 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 the March 15, 2023 board meeting, and the April 10, 2023 special called meeting.
Ray Smith made a motion to approve the minutes from the March 15, 2023 PEDC board meeting and the April
10, 2023 special called meeting as presented. The motion was seconded by Roger Thedford and was approved 6-
0 by all board members present.
3. Consider and Act on approval of PEDC Financial Report for the month of March 2023. Take any
additional action necessary.
Ray Smith overviewed the financial reports, investments and interest rates with the board and staff. David Blom
made a motion to approve the financial reports for the month of March 2023 as presented. The motion was
seconded by Roger Thedford and approved 6-0 by all board members present.
New Businesses Update.
The board received 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. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, May 17, 2023.
The next board meeting was confirmed as Wednesday, May 17, 2023.
Board President Jordan Simms recessed the regular meeting at 6:07 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 President Jordan Simms called the meeting into Closed Executive Session at 6:07 P.M.
The PEDC Board met in Closed Executive Session from 6:07 P.M. to 8:29 P.M.
8. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations.
Board President Jordan Simms reconvened the meeting into Open Session at 8:29 P.M.
No action was taken.
PEDC Minutes —page 2
9. Adjourn
Ray Smith made a motion to adjourn. The motion was seconded by Don Perry.
The PEDC Board meeting adjourned at 8:30 P.M.