2000-01-03 PEARLAND ECONCOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTES - 4:00PM
MINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC
DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF
THE CITY OF PEARLAND, TEXAS, HELD MONDAY, JANUARY 3, 2000, 4:00
P.M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE,
PEARLAND, TEXAS.
I. The meeting was called to order at 4:00 p.m. with the following present:
BOARD MEMBERS
Chairman Dennis Frauenberger
Vice Chairman Connie Beaumont
Secretary Randy Ferguson
Board Member Calvin Collier
Board Member Bill Chase
Not in attendance: Due to a conflict in schedule, board members Susan Lenamon and
Charlie Philipp were unable to attend.
EX-OFFICIO BOARD MEMBERS
Chamber of Commerce Jon Volkmer
Mayor Tom Reid
Not in attendance: Due to a conflict in schedule, Ex-Officio Billye Everett and City
Manager Glen Erwin were unable to attend.
STAFF MEMBERS
Executive Director Mike Chance
Economic Development
Analyst Will Benson
Administrative
Assistant Janice Vega
Also in attendance: Councilmembers Helen Beckman and Bill Berger.
Minutes of Regular Meeting of
January 3, 2000
Page 2
II. Approval of Minutes: Board member Connie Beaumont made the motion,
seconded by board member Bill Chase to approve the minutes of the Regular
Meeting of November 15, 1999.
Motion Passed: 5 to 0
III. Monthly Financial Statement Review: Executive Director Mike Chance gave an
oral report and a written one was submitted to file.
IV. Board Member Reports: Board member Calvin Collier commented on his
attendance at the "Hobbyfest".
V. Executive Director & Staff Reports: Executive Director Mike Chance presented
an oral report to the board. His report stated as follows:
"Met with Roy Serpa of TMAC and John Cook of HL&P. We put together a
local TMAC alliance that culminated in a local manufacturer's luncheon on
December 15tH
We met with a new major prospect on December 3ra. Victor Sequeira with Ernst
and Young had contacted Will in November about submitting site information.
Prospect #9933 is a large light assembly operation that would have a capital
investment of $45 million and close to 500 employees. They were really
shopping incentives on this project.
TurboCare -City Council, on December 13th, acted on two TurboCare matters.
December 7th -had our formal meeting with Weatherford. They informed us of
some changes to their expansion. We hope to have an announcement within the
next two weeks.
December 9th - had a meeting of the Banker's Roundtable. They want to keep the
group going. I proposed using them for economic development financing
programs.
Have met three times with a small industrial prospect now located in Houston.
They do a powder coating finish to metal products."
VI. OLD BUSINESS -The TMAC luncheon was a success. Two prospects and two
expansions projects have resulted from the meeting.
Minutes of Regular Meeting of
January 3, 2000
Page 3
VII. NEW BUSINESS
A. DISCUSSION AND POSSIBLE ACTION -Board member Bill Chase
made the motion, seconded by Chairman Dennis Frauenberger to accept
the final business park study from Diamond Consulting and authorize
Executive Director Mike Chance to send out to developers.
Motion Passed: 5 to 0
B. DISCUSSION AND POSSIBLE ACTION -Approval of Incentives for
Industrial Prospect #9928.
Board member Bill Chase made the motion, seconded by Secretary Randy
Ferguson to remove item from table and open for discussion.
Motion Passed: 5 to 0
Will Benson gave an overhead presentation, and Bob Hill of TurboCare
addressed the board with an overview of TurboCare's history. Board
member Bill Chase made the motion, seconded by Chairman Dennis
Frauenberger to approve the Economic Development Incentive Package in
the amount of $100,000.00.
Motion Passed: 5 to 0
C. REVIEW OF MARKETING PLANS -Executive Director Mike Chance
gave an overview of trade shows and advertising which PEDC will be
participating in. Copy to file.
VIII. OTHER BUSINESS
NONE
IX. ADJOURNMENT
Board member Bill Chase made the motion, seconded by Vice Chairman Connie
Beaumont to adjourn the meeting.
Motion Passed: 5 to 0
Time: 5:00 p.m.
Minutes approved as submitted and/o cor c d this ~ ~ day
of ~ ~ ~ , A.D., 2 0.
l--~, enberger, Preside
ATTEST: ~r ~ "
Janice ~ ga, Administrat ve Assistant