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2002-04-29 PEARLAND ECONOMIC DEVELOPMENT CORPORATION BOARD REGULAR MEETING MINUTESMINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS, HELD MONDAY, APRIL 29,2002,4:00 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 Vice Chairman Secretary Board member Board member Board member Dennis Frauenberger Randy Ferguson Susan Lenamon Bill Chase Charlie Philipp Lucy Stevener Not in attendance: Due to a conflict in schedule, Board member Connie Beaumont was unable to attend. EX -OFFICIO BOARD MEMBERS Chamber of Commerce Billye Everett City of Pearland Bill Eisen Chamber of Commerce Jack Click Not in attendance: Due to a conflict in schedule, Ex -Officio Board member Mayor Tom Reid was unable to attend. STAFF MEMBERS Interim Executive Director Khue Nguyen Administrative Assistant Janice Vega Minutes of Regular Meeting of April 29, 2002 Page 2 II. Approval of Minutes: Secretary Susan Lenamon made the motion, seconded by Board member Charlie Philipp to approve the minutes of the Regular meeting of February 4, 2002 and the Special meeting of February 25, 2002. Motion Passed: 6 — 0 III. Board Member Reports — None IV. Financial Statement Review: Interim Executive Director Khue Nguyen gave an oral report and one was submitted to file. Secretary Susan Lenamon requested a breakdown of each expenditure on the major PEDC projects. V. Executive Director's Report: Investment Leads/Projects The staff has worked on several projects over the past couple of months. UTEX Industries, a designer and manufacturer of sealing products, chose Pearland as one of its candidate sites to expand its operations and possibly to consolidate its entire U.S. operations. Staff presented a site and incentive proposal for its required 50,000 -square -feet facility. Staff is in the process of searching for a site in Pearland for the potential relocation of Houston Radiator Company. The company is interested in constructing a 12,000 -square -feet facility. Staff is also working with Apex Manufacturing Services, a precision machining and product development company, to relocate its operations in Pearland. Staff also received two leads from Reliant Energy and the Greater Houston Partnership and submitted two proposals. The former is for an approximately 100,000 -square -feet manufacturing facility and the latter is for an approximately 250,000 -square -feet corporate building. Infrastructure Projects The cost of the landscaping of the McHard Road Overpass right-of-ways has increased by $24,000.00. The initial bid was awarded to Blue Ridge Services in the amount of $108,100.00 on January 14th. Blue Ridge Services' bid, however, was based on the information, provided by the city, that water was available on the west side of Highway 35 (North Main). Blue Ridge just recently discovered that water was actually on the east side of Highway 35. The $24,000.00 is the anticipated cost of extending water from the east side of Highway 35 to the west side of Highway 35, boring under Highway 35. The Oiler Drive/Bailey Road Project is still in the surveying phase, which is expected to be completed by June. Once the surveying is completed, the engineering design phase will be started and that is followed by the right-of-way acquisition. The construction is expected to begin in the 3rd quarter of 2003 with the expected completion date of the 1st quarter of 2007. The finance department has created new accounts for this project. See attached Cash Flow chart. Minutes of Regular Meeting of April 29, 2002 Page 3 The 518 Sewer Project is currently under right-of-way negotiation, which is expected to be completed by June. We have encumbered $51,630.00 for this phase. The PEDC has paid $66,170.66 and encumbered $331,276.24 for the engineering phase. The project is expected to be completed around April 2003. Other Projects Staff is working with Houston Tubular "and the consulting firm of Foreign Trade Zone Corporation to activate the process with customs. The Holiday Express Inn, which received a $36,000.00 financial incentive grant from the PEDC in December of 2000, has finally acquired sufficient funding to proceed with the project. The groundbreaking is scheduled for Friday, May 3ra. The Holiday Inn is a 60 - room, approximately 36,769 -square -feet building generating a total capital investment of $2.75 million. Home Depot has found a site for its store. The site is located on the northeast corner of FM 518 and Wooten Road. Chad Moss, the project representative, is seeking a grant from the PEDC although staff has made it clear that the retail sector is not one that the PEDC assists. The staff attended the Houston Area Realtor Trade show on April 9`h. The event generated two leads that the staff is presently pursuing. The event also allowed us to debut some new marketing materials. The concept for the new materials was put forth by the PEDC's former Assistant Executive Director, Darlene Moody. Staff attended the Texas Economic Development meeting in Roundrock, Texas last week. VI. Public Comments - None VII. Old Business - None VIII. New Business A. Excused Absence: Vice Chairman Randy Ferguson made the motion, seconded by Board member Lucy Stevener to excuse the absence of Board member Connie Beaumont from the Regular meeting of February 4, 2002. Motion Passed: 6 — 0 B. Excused Absence: Secretary Susan Lenamon made the motion, seconded by Board member Lucy Stevener to excuse the absence of Board member Bill Chase from the Special meeting of February 25, 2002. Motion Passed: 5 — 0 Abstained: Bill Chase Minutes of Regular Meeting of April 29, 2002 Page 4 C. PEDC Web Site: Board member Charlie Philipp made the motion, seconded by Vice Chairman Randy Ferguson to table the item. Motion Passed: 6 — 0 D. Pearland Police Department Project: Police Chief J. C. Doyle gave a presentation to the Board regarding a proposed project to aid the Police Department in attracting new officers to the area. Board member Bill Chase made the motion, seconded by Secretary Susan Lenamon to approve up to $20,000.00 to the Pearland Police Department to fund the project, upon receiving legal approval of the expenditure. Motion Passed: 6 — 0 E. Pearland Independent School District Grant Request: Dr. Glenn Garrison, President of the P.I.S.D. School Board, spoke to the Board regarding the two requests from the school district. Vice Chairman Randy Ferguson made the motion, seconded by Board member Charlie Philipp to table the item and requested that Dr. Garrison, Chairman Dennis Frauenberger, and Interim Executive Director Khue Nguyen meet to further discuss the issue and to consult with the City Attorney. Motion Passed: 5 — 0 Abstained: Susan Lenamon F. Tele -Flow Grant Request: Board member Bill Chase made the motion, seconded by Chairman Dennis Frauenberger to table the item until further financial information could be obtained from the company. G. Executive. Director Position: City Manager Bill Eisen updated the board on the open position. He received 23 applications and has narrowed them down to 5. The board requested that he do preliminary interviews and set up formal interviews to include the board with 2 to 3 candidates. IX. Adjournment: Secretary Susan Lenamon made the motion, seconded by Board member Bill Chase to adjourn the meeting. Motion Passed: 6 - 0 TIME: 5:53 p.m. Minut�roved as submitted and/or correct thi 141C9 day of A.D., 2002 enberger, ATTEST:. Janie Vega, Adm inist ative Assistant