12.15.2021 PEDC MinutesPROSPEKTEXAS
ECONOMIC DEVELOPMENT CORPORATION
Meeting of the Prosper
Economic Development Corporation
12.1 West Broadway Street
Prosper, Texas 75078
Wednesday, December 15, 2021, 6:00 P.M.
Call to Order and Announce a Ouorum 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, Treasurer Roger Thedford, Secretary Don Perry, and Chad
Gilliland. Board member absent was David Blom. Executive Director Mary Ann Moon and Sr. Economic
Development Specialist Susanne Barney were present. No citizens were present.
1. Comments from Citizens
No comments were made.
2. Approval of Minutes from the November 17, 2021, PEDC board meeting.
Ray Smith made a motion to approve the minutes from the November 17, 2021, PEDC board meeting. The motion
was seconded by Chad Gilliland and approved 6-0 by all board members present.
3. Consider and Act on approval of PEDC Financial Report for the months of October 2021 and November
2021. Take any additional action necessary.
Roger Thedford overviewed the financial reports with the board and staff. Ray Smith made a motion to approve
the financial reports for the months of October 2021 and November 2021. The motion was seconded by Chad
Gilliland and approved 6-0 by all board members present.
4. Consider and Act on approval of PEDC Quarterly Investment Portfolio ending September 30, 2021.
Take any additional action necessary.
Roger Thedford overviewed the Quarterly Investment Portfolio ending September 30, 2021 with the board and
staff. Ray Smith made a motion to approve the Quarterly Investment Portfolio. The motion was seconded by
Don Perry and approved 6-0 by all board members present.
5. Consider and Act on approval of Resolution 21-01 establishing a Real Estate Committee.
Take any additional action necessary.
President David F. Bristol presented Resolution 2 1 -01 to the board for approval. Chad Gilliland made a motion
to approve Resolution 2 1 -01 establishing a Real Estate Committee. The motion was seconded by Roger Thedford
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 her Administrative and Marketing report to the board and staff including:
Downtown parking and lighting issues
Business Alliance meetings
DNT designs and guidelines meeting
7. Confirm or Change the Next PEDC Board Meeting scheduled for Wednesday, January 19, 2022.
The next board meeting was confirmed as Wednesday, January 19, 2022.
Board President David F. Bristol recessed the regular meeting at 6:20 P.M.
8. 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.
PEDC Minutes —page 2
• 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.
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 6:21 P.M.
The PEDC Board met in Closed Executive Session from 6:21 P.M. to 6:59 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 7:00 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 7:00 P.M.
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