Loading...
2002-06-03 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, JUNE 3,2002,4:00 P.M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 4:03 p.m. with the following present: BOARD MEMBERS Chairman Dennis Frauenberger Vice Chairman Randy Ferguson Secretary Susan Lenamon Board member Bill Chase Board member Charlie Philipp Board member Lucy Stevener Not in attendance: Due to a conflict in schedule, Board member Connie Beaumont was unable to attend. EX -OFFICIO BOARD MEMBERS City of Pearland Bill Eisen City of Pearland Mayor Tom Reid Chamber of Commerce Jack Click STAFF MEMBERS Interim Executive Director Khue Nguyen Administrative Assistant Janice Vega Also in attendance: Council members Larry Marcott and Richard Tetens. Minutes of Regular Meeting of June 3, 2002 Page 2 II. Approval of Minutes: Board member Charlie Philipp made the motion, seconded by Board member Bill Chase to approve the minutes of the Regular meeting of April 29, 2002. Motion Passed: 6- 0 III. Board Member Reports: Chairman Dennis Frauenberger commented on his attendance at Billye Everett's retirement luncheon. IV. Financial Statement Review: Interim Executive Director Khue Nguyen updated the board on the May sales tax. Monthly financials have not been completed. He advised the board that he hoped to have the PEDC budget ready for their review sometime in July. V. INTERIM EXECUTIVE DIRECTOR'S REPORT Investment Leads/Projects Staff has continued to work on the projects that I alluded to in our last board meeting. Again, the companies that we are working with are companies in the Huston metropolitan Area. We are continuing to work with our local allies and nation-wide search consultants to submit proposals for larger projects. On May 24th I provided a site tour for a consultant representing a company in Houston that wants to relocate its operations. The company provides complete managed telecommunications solutions to remote and difficult to reach regions around the world. The company is interested in a 45,000-square-feet, build-to-suit building. Infrastructure Projects 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. 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 PEDC 2002-2003 budget was completed last month and I would like to report that there was not much variation in the operating budget. The budget for fiscal year 2002-2003 Minutes of Regular Meeting of June 3, 2002 Page 3 includes expenditures for the FM 518 Sewer and Bailey Road/Oiler Drive projects. The overall increase in expenditure reflects the expenditures for these two road projects. Staff met with Dennis Hayden of Houston Tubulars, Greg Jones of the Foreign-Trade Zone Corporation, and Nancy Stephens, Foreign-Trade Zone Administrator with Port Freeport to customize a plan to activate Houston Tubulars' use of the zone. The Holiday Express Inn had its groundbreaking on May 3rd. Thanks to assistance of the Pearland Chamber of Commerce and Mayor Tom Reid, the groundbreaking went quite smoothly. The hotel is expected to be in service in the 1st quarter of 2003. The construction of the Hampton Inn is expected to be completed by December of this year. VI. Public Comments: None VII. NEW BUSINESS Excused Absence: Board member Bill Chase made the motion, seconded by Vice Chairman Randy Ferguson to excuse the absence of Board member Connie Beaumont from the Regular meeting of April 29, 2002. Motion Passed: 6 - 0 For the convenience of guests speaking before the board, the Chairman moved items D and E up on the agenda. 0 Remove from table - Tele-flow Grant Request: Secretary Susan Lenamon made the motion, seconded by Board member Bill Chase to remove from table the Tele-Flow grant request. Motion Passed: 6 - 0 Tele-Flow Incentive Grant Request: Vice President of Tele-Flow spoke to the board regarding this expansion of his facility. Board member Bill Chase made the motion, seconded by Secretary Susan Lenamon to approve an incentive grant in the amount of $25,000.00 to Tele-Flow. Motion Passed: 6 - 0 B. Remove from table - Pearland Independent School District Grant Request: Board member Bill Chase made the motion, seconded by Vice Chairman Randy Ferguson to remove from table the P.I.S.D. grant requests. Motion Passed: 5 - 0 Abstained: Susan Lenamon Minutes of Regular Meeting of June 3, 2002 Page 4 Pearland Independent School District Grant Request: Vice Chairman Randy Ferguson made the motion, seconded by Board member Charlie Philipp to deny the Bailey Road portion of the request. Motion Passed: 5 - 0 Abstained: Susan Lenamon Board member Bill Chase made the motion, seconded by Chairman Dennis Frauenberger to approve the request for the Fite Road improvements. The board agreed to fund 66-2/3% of the total cost, but not to exceed $400,000.00. Motion Passed: 5 - 0 Abstained: Susan Lenamon EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE Fo Executive Session: Chairman Dennis Frauenberger adjourned the meeting at 4:42 p.m. to go into Executive Session to discuss Section 551.074 - Personnel Matters - Executive Director position. The Board reconvened into open session at 5:13 p.m. No action was taken. VIII. Adjournment: Lenamon to adjourn the meeting. Motion Passed: 6 - 0 TIME: 5:14 p.m. Board member Bill Chase made the motion, seconded by Secretary Susan Minutes 9pproved as submitted and/or corre~tetfthi~ , Ja'-~ic~ Vega, Administrati&e Assistan~ ~ ' ' t