11.10.2025 PEDC Minutesrxq-
PR.OSPERrEXAS
ECONOMIC DEVELOPMENT CORPORATION
Meeting of the Prosper
Economic Development Corporation
121 West Broadway Street
Prosper, Texas 75078
Monday, November 10, 2025, 6:00 P.M.
Call to Order and Announce a Quorum is Present
Board President Chad Gilliland called the meeting to order at 6:00 P.M. Board Vice President Don Perry,
Board Treasurer Ray Smith, board Secretary Jeff Yates, and board members Grant Mendeljian, and Mayor
David F. Bristol, were present. Board member Chris Kern was not in attendance. Sr. Economic Development
Specialist Susanne Barney was present. Prosper citizens Ahammad Mahammad, Jimit Patel, Tony Vinson, and
Erik Paulino, and council woman Amy Bartley. Also in attendance were Town Staff Robyn Battle, Executive
Director and Todd Rice, Director of Community Engagement and Experiences.
1. Comments from Citizens
Jimit Patel he is interested in launching a new business at 207 N Coleman St. to help bring in more people to the
downtown area of Prosper.
Mr. Mahammad, Artmac Soft, LLC. stated that he is wanting to work with the town of Prosper, Prosper EDC and
ISD to create a "roadmap for growth" to make Prosper an IT/AI hub. He provided a handout outlining this process.
He would like to hold road shows, engage social media to have a strong visibility. His goal is to attract businesses
that want to upgrade to Al and he would like to hold an annual Al summit.
Erik Paulino and Tony Vinson representing Ground Control Park introduced themselves and stated that Prosper
will be the fourth location for the park. It is a family owned -operated operation. It is a four -acre property and will
house a 40,000 sq. ft. structure. Their original budget has increased substantially. They were invited by the board
to come back for an executive session discussion.
2. Consider and Act on Approval of Minutes from October 20, 2025.
David Bristol made a motion to approve the minutes as presented. The motion was seconded by Ray Smith
and approved 6-0 by all board members present.
3. Consider and Act on approval of PEDC Financial Report for the month of October 2025. Take any
additional action necessary.
There were no financial reports due to the timing of the board meeting.
4. New Businesses Update.
The board received a list of the newest businesses receiving their COs in Prosper, Tx.
5. Confirm or Change the Next PEDC Board Meeting scheduled for Monday, December 15, 2025.
The next board meeting is confirmed to be held on Monday, December 15, 2025.
6. 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 551.087 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
• Section 551.074 —To discuss and consider personnel matters related to the executive director and all matters
incident and related thereto.
Board President Chad Gilliland recessed the regular meeting at 6:26 P.M.
Board President Chad Gilliland called the meeting into Closed Executive Session at 6:27 P.M.
The PEDC Board met in Closed Executive Session from 6:27 P.M. to 8:36 P.M.
7. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations.
Board President Chad Gilliland reconvened the meeting into Open Session at 8:36 P.M.
Jeff Yates made a motion to modify the incentive agreement with Good Old Fashion Entertainment, LLC. (1902
& Mary Ann's) as discussed in executive session. The motion was seconded by Don Perry and approved 6-0 by all
board members present.
David Bristol made a motion to engage Affion Group to conduct a search for a new executive director as discussed
in executive session. The motion was seconded by Ray Smith and approved 6-0 by all board members present.
David Bristol made a motion to add Grant Mendeljian to the real estate committee as discussed in executive session.
The motion was seconded by Chad Gilliland an approved 6-0 by all board members present.
8. Adjourn
Ray Smith made a motion to adjourn. The motion was seconded by Chad Gilliland and approved 6-0 by all board
members present. The PEDC board meeting adjourned at 8:38 P.M.
YVates --Secretary Date