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10.18.23 PEDC MinutesP-nEV1-%"SPEX-l-EXAS ECONOMIC DEVELOPMENT CORPORATION Meeting of the Prosper Economic Development Corporation 121 West Broadway Street Prosper, Texas 75078 Wednesday, October 18, 2023, 6:00 P.M. Call to Order and Announce_ a Quorum is Present Board President Jordan Simms called the meeting to order at 6:02 P.M. Board members present were Treasurer Ray Smith, Secretary Don Perry, and board members Mayor David F. Bristol, Roger Thedford and Chad Gilliland. Board member absent was Vice President David Blom. Executive Director Mary Ann Moon and Sr. Economic Development Specialist Susanne Barney were present. Citizen Jonathan Pollard was also present. 1. Comments from Citizens Jonathan Pollard introduced himself. He lives in Prosper and owns the Spot Pet Salon and Wash. He and his family love being a part of and helping the Prosper community. 2. Election of officers to the PEDC Board of Directors. Roger Thedford made a motion to nominate and elect: Jordan Simms as President David Blom as Vice President Don Perry as Secretary Ray Smith as Treasurer The motion was seconded by Chad Gilliland and approved 6-0 by all board members present. 3. Approval of Minutes from the September 27, 2023 board meeting. Ray Smith made a motion to approve the minutes from the September 27, 2023 PEDC board meeting as presented. The motion was seconded by Roger Thedford and was approved 6-0 by all board members present. 4. Consider and Act on approval of PEDC Financial Report for the month of September 2023. Take any additional action necessary. Ray Smith overviewed the financial reports, investments, interest rates and sales tax numbers with the board and staff. David F. Bristol made a motion to approve the financial report for the month of September 2023 as presented. The motion was seconded by Ray Smith and approved 6-0 by all board members present. 5. New Businesses Update. The board received a list of the newest businesses receiving their COs in Prosper, Tx. 6. 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. 7. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, November 15, 2023. The next board meeting was confirmed to be Wednesday, November 15, 2023. Board President Jordan Simms recessed the regular meeting at 6:12 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. 0 Section 551.074 — To discuss and consider personnel matters and all matters incident and related thereto. PEDC Minutes —page 2 Board President Jordan Simms called the meeting into Closed Executive Session at 6:12 P.M. The PEDC Board met in Closed Executive Session from 6:12 P.M. to 7:29 P.M. 9. 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 7:29 P.M. No action was taken. 10. Adjourn Ray Smith made a motion to adjourn. The motion was seconded by David F. Bristol. The PEDC Board meeting adjourned at 7:30 P.M. 1 A. Date Election of PEDC Board Officers Title President Vice President Secretary Treasurer 2022-2023 Name Jordan Simms David Blom Don Perry Ray Smith 2023-2024 Name Jordan Simms David Blom Don Perry Ray Smith Per the By -Laws of the Prosper Economic Development Corporation (PEDC), officers are to be elected each year and are to serve a one-year term, or until the Board chooses to hold a subsequent election.