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2002-07-15 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, JULY 15,2002,4:00 P.M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 4:05 p.m. with the following present: BOARD MEMBERS Chairman Vice Chairman Board member Board member Board member Dennis Frauenberger Randy Ferguson Bill Chase Charlie Philipp Lucy Stevener Not in attendance: Due to a conflict in schedule, Secretary Susan Lenamon was unable to attend. EX -OFFICIO BOARD MEMBERS City of Pearland Bill Eisen City of Pearland Mayor Tom Reid STAFF MEMBERS Interim Executive Director Khue Nguyen Administrative Assistant Janice Vega Minutes of Regular Meeting of July 15, 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 June 3, 2002 and the Special meeting of June 21, 2002. Motion Passed: 5 0 III. Board Member Reports: None IV. Interim Executive Director's Report Accomplishments Staff attended the Economic Development Summit in Angleton on July 10th and presented the status of Pearland's economic growth. Staff attended the 2002 Southwest Foodservice Expo in Houston on June 24th and met with representatives of Reliant Energy and produce manufacturers to explore the possibility of recruiting produce manufacturers like Del Monte to Pearland. Projects Staff is in the process of revising all Demographic Profile (web page and handouts) to reflect the new demographic data. Staff met with the President of Refined Images Corporation, a manufacturer of beauty products, to discuss the potential relocation and expansion of the company in Pearland. Staff is working jointly with Larry Buehler of the Brazoria County Partnership to pursue UTEX Industries PEDC is assisting the relocation of two small companies and has pursued projects generated by various allies including the Greater Houston Partnership, Brazoria County Partnership, Reliant Energy and Texas Economic Development. The number of project leads has increased over the past month. Two of the leads that we are working on involve a biotech and biopharmaceutical companies. V. Public Comments: None VI. New Business A. Excused Absence: Board member Bill Chase made the motion, seconded by Board member Lucy Stevener to excuse the absence of Board member Connie Beaumont from the Regular meeting of June 3, 2002. Motion Passed: 5 — 0 Minutes of Regular Meeting of July 15, 2002 Page 3 B. Excused Absence: Board member Charlie Philipp made the motion, seconded by Vice Chairman Randy Ferguson excuse the absence of Chairman Dennis Frauenberger from the Special meeting of June 21, 2002. Motion Passed: 4 — 0 Abstained: Dennis Frauenberger C. PEDC Annual Budget: Board member Charlie Philipp made the motion, seconded by Board member Lucy Stevener to approve the Budget for FY 2002/2003 contingent upon corrections being made to the Executive Salary and Social Security categories. Motion Passed: 5 — 0 VII. Other Business VIII. EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE A. Executive Session: Chairman Dennis Frauenberger adjourned the meeting at 4:31 p.m. to go into Executive Session to discuss Section 551.074 - Personnel Matters — Executive Director position. New Business (continued) D. Executive Director Position: The Board reconvened into Open Session at 5:04 p.m. No action was taken. Adjournment: Vice Chairman Randy Ferguson made the motion, seconded by Board member Bill Chase to adjourn the meeting. Motion Passed: 5 - 0 TIME: 5:05 p.m. _.._....__..-..._. MMinuteessaa J ATTEST: