2003-07-28 PEARLAND ECONCOMIC 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 28, 2003, 4:00 P.M. IN THE IST FLOOR CONFERENCE ROOM, 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 Dennis Frauenberger
Vice Chairman
Secretary
Board member
Board member
Board member
Randy Ferguson
Lucy Stevener
Helen Beckman
Felicia Kyle
Steve Saboe
Not in attendance: Due to a conflict in schedule, Board Member George Sandars was unable to
attend the meeting.
EX -OFFICIO BOARD MEMBERS
City of Pearland Bill Eisen
City of Pearland Mayor Tom Reid
STAFF MEMBERS
Executive Director Fred Welch
Administrative Assistant Janice Vega
Minutes of Special Meeting of
July 28, 2003
Page 2
II. Approval of Minutes: Secretary Lucy Stevener made the motion, seconded by Board
member Helen Beckman to approve the minutes of the Regular Meeting of July 14, 2003.
Motion Passed: 6 — 0
III. Board Member Reports: None
IV. Old Business
A. Board Member Helen Beckman made the motion, seconded by Board Member Steve
Saboe to remove from table — Monthly Financial Report and Executive Director's
Report.
Motion Passed: 6 — 0
V. Monthly Financial Report - Executive Director Fred Welch gave an oral report and one
was submitted to file.
VI. Executive Director's Report
Bio -Technology Park — The PEDC staff has worked aggressively with LNR Properties and
Bioscience Capital to get this project planned, coordinated and marketed to the
bioscience and life science communities. Very substantive discussions have been held
with the University of Texas Medical Center and several of the tenant schools on the TMC
campus to promote a technology park in Pearland to complement the work these schools
are doing in research and development of new medical devices, drugs and procedures.
We have the unique opportunity to create a bioscience cluster for research and
manufacturing due in large part to our proximity to the Medical Center and the excellent
road network provided by Beltway 8 and State Highway 288.
What is being proposed for the technology park is a public private partnership to build a
world-class business and manufacturing park for research, development and
manufacturing. Engineering estimates of $4.7 million to construct Kirby Road from
Beltway 8 across Clear Creek and extend water and sewer lines from the south to the
north. We must also consider what portion of the costs we would absorb to extend
electricity, gas and other utilities onto the site. The PEDC and City are in contact with
Harris County and the EDA to secure matching funds.
Staff has worked with a development firm to produce a layout of the entire 1,000 plus
acres. This plan will be presented to City staff in August for adoption into the City's
comprehensive plan. This will set the stage for development of a Planned Unit
Development (PUD) on the property and the proper zoning and development ordinances
to assure the highest and best use for this land. There are several things that the board
needs to be fully aware of:
Minutes of Special Meeting of
July 28, 2003
Page 3
1. We are initially looking at the development of approximately 200 acres of
land out of 1,033 acres. A great deal of engineering, planning and
groundwork must take place before any buildings can begin. We must fast
tract the engineering, design and construction of the off-site utilities onto
the property in order for vertical construction to begin.
2. Marketing for this park has already begun. Build -out for a park of this size
can take anywhere from seven to ten years or more. If we begin
construction for the first manufacture in late 2004, it will be 2005 or 2006
before they can be ready to begin production. The FDA must certify all
parts of the plant and its personnel before production can begin. The jobs
in this environment pay quite well, with the average salary in a bio
manufacturing facility at over $68,000 per year.
3. The window of opportunity for this market segment will run out in about
four years. We are either totally committed to this park and have space
sold or under contract in the next three years or this opportunity will be in
another state or country. This is a very time sensitive project.
4. Everything we have discovered in our due diligence indicates that this
project can succeed.
Strategic Plan
TIP held the project kick off meeting in early June. Focus meetings have been held with
representatives of the healthcare industry, our school systems, major manufacturers,
small business, chamber and city of Pearland staff to gain input into our vision and goals
for the future. We should have a product for review and comment in late September or
early October. The finished strategic plan ought to be ready for adoption and approval in
October.
VII. Public Comments - none
VIII. New Business
A. Election of Officers:
Vice Chairman Randy Ferguson made the motion, seconded by Board Member Helen
Beckman to elect Dennis Frauenberger as Chairman.
Board Member Steve Saboe made the motion, seconded by Secretary Lucy Stevener
to elect Randy Ferguson as Vice Chairman.
Board Member Helen Beckman made the motion, seconded by Board Member Felicia
Kyle to elect Lucy Stevener as Secretary.
Motions Passed: 6 — 0
B. Review and discussion of the PEDC Annual Budget for FY 2003/23004. The Board
requested additional data to support the budget_ A Special Meeting will be held on
August 4, 2003 to review and approve the PEDC budget. No action was taken.
Minutes of Special Meeting of
July 28, 2003
Page 4
IX. Adjournment: Board Member Steve Saboe made the motion, seconded by Secretary
Lucy Stevener to adjourn the meeting.
Motion Passed: 6 — 0
Time: 5:30 p.m.
Minut s approved as bmitted and/or corrected this day of
A.D., 2003
nis FrauenbergerAairman
ATTEST: VU V
is IA-
ega, Administrat a Assistant