05.12.2025 PEDC Minutes Special MeetingPROSPERTEXAS
ECONOMIC DEVELOPMENT CORPORATION
Special Called Meeting of the Prosper
Economic Development Corporation
Farmers Bank & Trust
750 North Preston Road
Prosper, Texas 75078
Monday, May 12, 2025, 10:00 A.M.
Call to Order and Announce a_Quorum is Present
Board Vice President Chad Gilliland called the meeting to order at 10:05 A.M. Board Secretary Don Perry,
Treasurer Ray Smith and board members Jeff Yates, Grant Mendeljian, and Mayor David F. Bristol were
present. President David Blom was not present.
1. Recess into Closed Session in compliance with Section 551.001 et seq. Texas Government Code, as
authorized by the Texas Open Meetings Act, to deliberate regarding:
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.
Board Vice President Chad Gilliland recessed the regular meeting at 10:05 A.M.
Board Vice President Chad Gilliland called the meeting into Closed Executive Session at 10:05 A.M.
The PEDC Board met in Closed Executive Session from 10:05 A.M. to 10:35 A.M.
2. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations.
Board Vice president Chad Gilliland reconvened the meeting into Open Session at 10:35 A.M.
No action was taken.
3. Adjourn
Ray Smith made a motion to adjourn. The motion was seconded by Jeff Yates and approved 6-0 by all board
members present. The PEDC Special Called Board meeting adjourned at 10:36 A.M.
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