01.20.2021 PEDC Minutes"PROS PER7'EXAS
ECONOMIC DEVELOPMENT CORPORATION
Meeting of the Prosper
Economic Development Corporation
130 N. Preston Rd., Suite 130
Prosper, Texas 75078
Wednesday, January 20, 2021 6:00 P. M.
Call to Order and Amino unee a Quoritm is Present
Board President Jim Wicker, via conference call, called the meeting to order at 6:07 P.M. Board members
present: Mayor Ray Smith (6:13 P.M.), via conference call, Vice President David Bristol, via conference call,
Treasurer Roger Thedford, via conference call, Secretary Jordan Simms, via conference call and Board
Members Reno Jones and Don Perry were present in person. No Board Members were absent. Executive
Director Mary Ann Moon, Director of Marketing Jordyn Williams and Economic Development Specialist
Susanne Barney were present. No citizens were present.
1. Comments from Citizens
No citizen comments were made.
2. Approval of Minutes from the December 16, 2020 joint meeting of the PEDC and the Town Council.
Roger Thedford made a motion to approve the minutes from the December 16, 2020 joint meeting of the PEDC
and the Town Council. The motion was seconded by Jordan Simms and approved 6-0 by all board members
present.
3. Consider and Act on approval of Minutes from the December 16, 2020 PEDC board meeting.
Roger Thedford made a motion to approve the minutes from the December 16, 2020 PEDC board meeting. The
motion was seconded by David Bristol and approved 6-0 by all board members present.
4. Consider and Act on approval of PEDC Financial Report for the month of December 2020.
Take any additional action necessary.
Roger Thedford overviewed and discussed the finances with the board and staff. Don Perry made a motion to
approve the PEDC Financials for the month of December 2020. The motion was seconded by Reno Jones and
approved 6-0 by all board members present.
5. Consider and Acton approval of the Professional Services Agreement with Stantec.
Mary Ann overviewed the Professional Services Agreement with Stantec with the board and staff. David Bristol
made a motion to authorize the board President to execute the agreement with Stantec. The motion was seconded
by Jordan Simms and approved 7-0 by all board members present.
6. Executive Director's Report: Administrative and Marketing Activities of the PEDC and Upcoming Events.
Mary Ann Moon updated the board and staff regarding upcoming events and activities, such as, her meeting with
DPG Partners scheduled for Friday, January 22nd and the Chamber of Commerce Board of Directors Retreat
scheduled for Saturday, January 24th.
7. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, February 17, 2021.
The next PEDC Board Meeting is confirmed as Wednesday, February 17, 2021.
Board President Jim Wicker recessed the regular meeting at 6:20 P.M.
8. Convene into Closed Executive Session Pursuant to Texas Government Code:
o Section 551.087; Deliberation of Economic Development Negotiations to Deliberate Commercial
and Financial Information and Economic Incentives relating to the following:
o Retail Development
o Office & Corporate Development
PEDC Minutes -page 2
o Section 551.072; Deliberation of the purchase, exchange, lease or value of real property located:
o North of 380, west of Preston Rd., east of FM 1385, south of Frontier Parkway.
o Section 551.074; Deliberation of Personnel Matters
o Staffing of Prosper EDC office.
Board President Jim Wicker called the meeting into Closed Executive Session at 6:20 P.M.
The PEDC Board met in Closed Executive Session from 6:20 P.M. to 6:49 P.M.
9. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations.
Board President Jim Wicker reconvened the meeting into Open Session at 6:49 P.M.
No action was taken.
10. Adjourn
Ray Smith made a motion to adjourn. The motion was seconded by Jordan Simms.
The PEDC Board meeting adjourned at 6:50 P.M.
a an S' ms — Secretary
Date