11.17.2021 PEDC MinutesPROSPEIkTEXAS
ECONOMIC DEVELOPMENT CORPORATION
Meeting of the Prosper
Economic Development Corporation
121 West Broadway Street
Prosper, Texas 75078
Wednesday, November 17, 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 were, Mayor
Ray Smith, Vice President Jordan Simms, Secretary Don Perry, David Blom and Chad Gilliland (6:05P.M.).
Board member absent was Treasurer Roger Thedford. Executive Director Mary Ann Moon, Sr. Economic
Development Specialist Susanne Barney and Marketing Director Jordyn Williams were present. No citizens
were present.
1. Comments from Citizens
No comments were made.
2. Approval of Minutes from the October 20, 2021, PEDC board meeting.
Ray Smith made a motion to approve the minutes from the October 20, 2021, PEDC board meeting. The motion
was seconded by Don Perry and approved 5-0 by all board members present.
3. Consider and Act on approval of PEDC Financial Report for the month of October 2021. Take any
additional action necessary.
Board President David F. Bristol postponed item #3 until the next board meeting due to the absence of Treasurer
Roger Thedford.
4. Consider and Act on approval of PEDC Quarterly Investment Portfolio ending September 30, 2021.
Take any additional action necessary.
Board President David F. Bristol postponed item #4 until the next board meeting due to the absence of Treasurer
Roger Thedford.
5. 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:
DNT meeting
Developers Council Meeting
Downtown Business Alliance Meetings
+ Parking, lighting, signage
Downtown Master Plan progress
6. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, December 15, 2021.
The next PEDC Board Meeting is confirmed as Wednesday, December 15, 2021.
Board President David F. Bristol recessed the regular meeting at 6:22 P.M.
7. Convene into Closed Executive Session Pursuant to Texas Government Code:
• 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.
0 Section 551.074 — To discuss and consider personnel matters and all matters incident and related thereto.
PEDC Minutes —page 2
Board President David F. Bristol called the meeting into Closed Executive Session at 6:22 P.M.
The PEDC Board met in Closed Executive Session from 6:23 P.M. to 7:00 P.M.
8. 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 7:00 P.M.
No action was taken.
9. Adjourn
Ray Smith made a motion to adjourn. The motion was seconded by Jordan Simms.
The PEDC Board meeting adjourned at 7:00 P.M.
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