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2003-08-25 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, AUGUST 25, 2003, 4:30 P.M., IN THE 2ND FLOOR CONFERENCE ROOM, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 4:35 p.m. with the following present: BOARD MEMBERS Chairman Dennis Frauenberger Vice Chairman Randy Ferguson Secretary Lucy Stevener Board member Helen Beckman Board member Steve Saboe Board member George Sandars Not in attendance: Due to a conflict in schedule, Board member Felicia Kyle was unable to attend the meeting. EX -OFFICIO BOARD MEMBERS City of Pearland Bill Eisen City of Pearland Mayor Tom Reid Chamber of Commerce Carol Artz Executive Director Fred Welch Marketing Manager Will Benson Manager, Business Retention & Expansion Karen Dickson Administrative Assistant Janice Vega Minutes of a Regular Meeting of August 25, 2003 Page 2 II. Approval of Minutes: Board member Helen Beckman made the motion, seconded by Secretary Lucy Stevener to approve the minutes of the Regular Meeting of July 28, 2003, and the Special Meeting of August 4, 2003. Motion Passed: 6 — 0 III. Board Member Reports: Board Members Helen Beckman, Steve Saboe and Lucy Stevener commented on their attendance at the Chamber of Commerce monthly luncheon. IV. Financial Statement Review: The monthly financial statements were not available from the Finance Department. Executive Director Fred Welch reviewed the annual budget before the Public Hearing at 5:00 p.m. V. Executive Director's Report — Fred Welch: Activities: Joint meeting with Pearland ISD and City Council July 31St — Attended this meeting on behalf of PEDC, as the subject included the Bailey/Oiler Road project. EDA Pre -Grant Status — PEDC and city staff have been actively preparing a pre -grant application to be forwarded to the regional office of the Economic Development Administration in Austin on August 28th. The pre -application is the first step in being invited to submit an application for assistance. PEDC and the City are seeking $1.5 million from EDA for use in The Spectrum development (bio park). The funds will be used to assist in building 5,100 feet of road to extend Kirby north across Clear Creek at Shadow Creek Ranch to Beltway 8. Research Triangle Park — Fred Welch, Will Benson and City Manager Bill Eisen visited Research Triangle Park in Raleigh, North Carolina to tour the Park and the North Carolina Biotech Research Center. Accompanied by representatives with the University of Texas Health Science Center at Houston and Bio Science Capital. The purpose of the trip was to learn how the RTP developed into a technology center and to examine some of the issues related to workforce training for bio manufacturing companies. Project Update: Bio Park — City staff is at work assisting the developer to create a zoning classification for a technology related park. There will be a number of steps taken by the city in conjunction with the developer to get the land zoned properly, establish architectural guidelines and a road network to support the ultimate build out of The Spectrum. Marketing plans to recruit firms into the park continue to move forward. Working with the firm of Lawrence & Associates for an introduction to German firms in biotechnology, which might have an interest in coming to Houston. A trade mission and marketing trip to Germany are being planned for early October. Minutes of a Regular Meeting of August 25, 2003 Page 3 South Texas Properties — Has applied to the City of Pearland for tax abatement on 7 acres of land they will develop in the city. The project calls for construction of up to 45,000 sq. ft. of warehouse and office space. Lentz Development — Lentz has constructed three new commercial office buildings in the city and a fourth will soon be built. The developer has contacted us for possible assistance on yet another project. Public Hearing proposed projects — Our City Attorney briefed the PEDC board recently on some of the new legislative changes that were enacted during this last session of the Texas Legislature. In order to follow the intent of the legislature, PEDC is holding a public hearing on several projects that were approved during a regular meeting of PEDC. The Spectrum — The project has been briefed to Council and was mentioned to the PEDC board last month. This project is one that we would fund from available funds in this fiscal year and issue debt late in 2004 once all other financing (EDA, Harris County) has been obtained. Water line Cullen/Fite — A new project for business retention in 2004 would involve construction of a water line from Cullen extension along Fite to the property line of Tele - Flow. The company is in need of city water and a fire hydrant. Water extension SH 35 to East Industrial — Line extension from SH 35 South near West Industrial across SH 35 and down East Industrial to its terminus will provide water to six firms along the road and allow one to rebuild. A fire along East Industrial last spring caused one firm to burn to the ground. Upcoming Events: Brazoria County Alliance Luncheon — August 28th TyMetal Check presentation — August 29th SEED Legislative Breakfast — September 10th Salute to Industry luncheon — September 10th Business After Hours — Strategic Plan review — Golfcrest on September 11 th Pearland Community Hospital Investor Tour — September 16-17 At 510 p.m. Chairman Dennis Frauenberger called for a brief recess in order to hold a Public Hearing. The board meeting reconvened at 5:47 p.m. Minutes of a Regular Meeting of August 25, 2003 Page 4 VI. Public Comments — None. VII. New Business A. Board Member Helen Beckman made the motion, seconded by Vice Chairman Randy Ferguson to excuse the absence of Board Member George Sandars from the Regular Meeting of July 28, 2003. Motion Passed: 5 — 0 Abstained: George Sandars B. Vice Chairman Randy Ferguson made the motion, seconded by Board Member Steve Saboe to excuse the absence of Secretary Lucy Stevener, Board Members Helen Beckman and George Sandars from the Special Meeting of August 4, 2003. Motion Passed: 3 — 0 Abstained: Lucy Stevener, Helen Beckman and George Sandars C. Vice Chairman Randy Ferguson made the motion, seconded by Secretary Lucy Stevener to table the resolution in support of a tax abatement for South Texas Projects. Motion Passed: 6 - 0 D. Items From Public Hearing 1. Board Member Steve Saboe made the motion, seconded by Board Member George Sandars to table until the next meeting, the preliminary engineering review with Turner, Collie & Braden for The Spectrum. Motion Passed: 6 — 0 2. Other proposed PEDC Projects for 2003/2004. No action was taken. VIII. Adjournment: Board member Steve Saboe made the motion, seconded by Secretary Lucy Stevener to adjourn the meeting. Motion Passed: 6 - 0 TIME: 6:00 p.m. Minutes approved as submitted and/or corrected this day of A.D., 2003 Randy erguson, Vic Chairm ATTEST: Janice Vega, Administrative Assistant