10.20.2021 PEDC MinutesPROSPET(rEXAS
ECONOMIC DEVELOPMENT CORPORATION
Meeting of the Prosper
Economic Development Corporation
121 West Broadway Street
Prosper, Texas 75078
Wednesday, October 20, 2021, 6:00 P.M.
Call to Order anti Announce a Quorum is Present
Board President David F. Bristol called the meeting to order at 6:00 P.M. Board members present were, Mayor
Ray Smith, Secretary Don Perry, Treasurer Roger Thedford, David Blom and Chad Gilliland. Board member
absent was Vice President Jordan Simms. Executive Director Mary Ann Moon and Economic Development
Specialist Susanne Barney were present. No citizens were present.
1. Comments from Citizens
No comments were made.
2. Welcome Chad Gilliland to the PEDC Board of Directors.
Chad Gilliland was welcomed by the board and staff to the PEDC Board of Directors. He introduced himself and
gave a brief biography which included his current position at Children's Health and his history of working with
Economic Development Corporations.
3. Election of Officers to the PEDC Board of Directors.
Ray Smith made a motion to nominate:
David Bristol as President
Jordan Simms as Vice President
Don Perry as Secretary
Roger Thedford as Treasurer
The motion was seconded by Roger Thedford and was approved 6-0 by all board members present.
4. Approval of Minutes from the September 15, 2021, PEDC board meeting.
Ray Smith made a motion to approve the minutes from the September 15, 2021, PEDC board meeting. The motion
was seconded by Don Perry and approved 6-0 by all board members present.
5. Consider and Act on approval of PEDC Financial Report for the months of August 2021 and September
2021. Take any additional action necessary.
Roger Thedford overviewed the finances with the board and staff. Don Perry made a motion to approve the PEDC
Financial Report for the months of August 2021 and September 2021. The motion was seconded by Ray Smith
and approved 6-0 by all board members present.
6. Executive Director's Report: Administrative and Marketing Activities of the PEDC and Upcoming Events.
Mary Ann Moon gave an update to the board and staff including:
The Denton broadband meeting
Our grant request for our own broadband assessment
Our meeting with the Prosper High School PTO regarding its scholarship program
The PEDC prospect questionnaire
An update on the Downtown Master Plan progress
7. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, November 17, 2021.
The next PEDC Board Meeting is confirmed as Wednesday, November 17, 2021.
Board President David F. Bristol recessed the regular meeting at 6:24 P.M.
8. Convene into Closed Executive Session Pursuant to Texas Government Code:
PEDC Minutes —page 2
• 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 propertyfor 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 David F. Bristol called the meeting into Closed Executive Session at 6:24 P.M.
The PEDC Board met in Closed Executive Session from 6:24 P.M. to 8:49 P.M.
9. Reconvene into Open Session and Take Any Action Necessary as a Result of Closed Session Deliberations.
Board President David F. Bristol reconvened the meeting into Open Session at 8:49 P.M.
No action was taken.
10. Adjourn
Ray Smith made a motion to adjourn. The motion was seconded by Roger Thedford.
The PEDC Board meeting adjourned at 8:50 P.M.
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