04.21.2021 PEDC Minutes ■ Meeting of the Prosper
r4 Economic Development Corporation
PROS PER,TEXAS 250 W. First St.
Town Council Executive Session Room
ECONOMIC DEVELOPMENT CORPORATION Prosper, Texas 75078
Wednesday, April 21, 2021 6:00 P. M.
Call to Order and Announce a Quorum is Present
Board President David F.Bristol called the meeting to order at 6:00 P.M. Board members present: Mayor Ray
Smith,Vice President Jordan Simms, Treasurer Roger Thedford, Secretary Don Perry, and Board Members
Reno Jones and David Blom. No Board Members were absent. Executive Director Mary Ann Moon,Director
of Marketing Jordyn Williams and Economic Development Specialist Susanne Barney were present. Citizen
Doug Harvey was also present.
1. Comments from Citizens
Doug Harvey introduced himself. He has lived in Prosper for a year and is interested in becoming involved in the
community and the downtown area plan.
2. Welcome David Blom to the board of the PEDC.
David Blom has worked in the Prosper area for 14 years and has lived in Prosper for 7 years. He has a finance
degree from LSU. He moved to the DFW area in 1990 and became involved in development. He stated that he
appreciates the opportunity to serve on the PEDC board of directors.
3. Approval of Minutes from the March 17,2021 PEDC board meeting.
Roger Thedford made a motion to approve the minutes from the March 17, 2021 PEDC board meeting. The
motion was seconded by Ray Smith and approved 7-0 by all board members present.
4. Consider and Act on approval of PEDC Financial Report for the month of March 2021. Take any
additional action necessary.
Roger Thedford overviewed and discussed the finances with the board and staff. Ray Smith made a motion to
approve the PEDC Financials for the month of March 2021. The motion was seconded by Jordan Simms and
approved 7-0 by all board members present.
5. Executive Director's Report: Administrative and Marketing Activities of the PEDC and Upcoming Events.
President David F. Bristol commended the PEDC staff for the smooth transition of moving into the new office.
Mary Ann Moon thanked the board for their support in making the move a success. Mary Ann Moon gave an
update on activities and events including the upcoming PEDC open house, the kick-off of the downtown
masterplan community input which occurred on Saturday, April 17`h, as well as the upcoming downtown
masterplan events. She also discussed the meeting she and Susanne had with Parks and Recreation regarding
downtown event ideas.
6. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday.May 19,2021.
The next PEDC Board Meeting is confirmed as Wednesday, May 19, 2021.
Board President David F.Bristol recessed the regular meeting at 6:28 P.M.
7. 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 David F.Bristol called the meeting into Closed Executive Session at 6:28 P.M.
The PEDC Board met in Closed Executive Session from 6:28 P.M.to 7:20 P.M.
8. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations.
Board President F.David Bristol reconvened the meeting into Open Session at 7:20 P.M.
No action was taken.
9. Adjourn
Jordan Simms made a motion to adjourn. The motion was seconded by Reno Jones.
The PEDC Board meeting adjourned at 7:21 P.M.
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