01.17.24 PEDC MinutesP-"%..Y EXAS
ECONOMIC DEVELOPMENT CORPORATION
Meeting of the Prosper
Economic Development Corporation
121 West Broadway Street
Prosper, Texas 75078
Wednesday, January 17, 2024, 6:00 P.M.
Call to Order and Announce a Quorum is Present
Board President Jordan Simms called the meeting to order at 6:01 P.M. Board members present were Treasurer
Ray Smith, Secretary Don Perry, and board members Mayor David F. Bristol, Roger Thedford and Chad
Gilliland (arrived at 6:03). Board member absent was Vice President David Blom. Sr. Economic Development
Specialist Susanne Barney was present. No citizens were in attendance.
1. Comments from Citizens
None
2. Approval of Minutes from the December 20, 2023 board meeting.
Roger Thedford made a motion to approve the minutes from the December 20, 2023 PEDC board meeting
contingent upon correction of arrival time. The motion was seconded by Don Perry and was approved 5-0 by all
board members present.
3. Consider and Act on approval of PEDC Financial Report for the month of December 2023. Take any
additional action necessary.
Ray Smith overviewed the financial reports, investments, interest rates and sales tax numbers with the board and
staff. Ray Smith made a motion to approve the financial report for the month of December 2023 as presented.
The motion was seconded by Roger Thedford and approved 6-0 by all board members present.
4. 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.
The board received the Executive Director's Administrative and Marketing report. Mayor David F. Bristol
reminded the board about the State of the Community address scheduled for Thursday, January 18t1i, and the
Prosper Exchange — What is Freedom? A Jefferson Experience scheduled for Thursday, February 15"'.
6. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, February 21, 2024.
The next board meeting was confirmed to be Wednesday, February 21, 2024.
Board President Jordan Simms recessed the regular meeting at 6:10 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 6:10 P.M.
The PEDC Board met in Closed Executive Session from 6:10 P.M. to 7:52 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 7:52 P.M.
PEDC Minutes —page 2
No action was taken.
9. Adjourn
Ray Smith made a motion to adjourn. The motion was seconded by David F. Bristol.
The PEDC Board meeting adjourned at 7:53 P.M.
Date