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2004-04-12 PEARLAND ECONCOMIC DEVELOPMENT CORPORATION SPECIAL MEETING MINUTESMINUTES OF A SPECIAL MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS, HELD MONDAY, APRIL 12, 2004, 5:30 P.M., IN THE 2ND FLOOR CONFERENCE ROOM, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. CALL TO ORDER The meeting was called to order at 5:34 p.m. with the following present: BOARD MEMBERS Chairman Randy Ferguson Secretary Lucy Stevener Board member Helen Beckman Board member Felicia Kyle Board member Steve Saboe Board member George Sandars Board member Ed Thompson EX -OFFICIO BOARD MEMBERS City of Pearland Mayor Tom Reid City of Pearland Bill Eisen Chamber of Commerce Carol Artz Not in attendance: Due to a conflict in schedule, Chamber of Commerce Chairman Gary Idoux was not present. STAFF MEMBERS Executive Director Fred Welch Marketing Manager Will Benson Manager of Business Retention and Expansion Karen Dickson Administrative Assistant Janice Vega Minutes of a Special Meeting April 12, 2004 Page 2 II. NEW BUSINESS A. Economic Development Incentives for WalkerCom: Board member Steve Saboe made the motion, seconded by Board member Helen Beckman to approve economic development incentives in the amount of $10,000.00 to move the company headquarters to Pearland within eighteen months. Motion Passed: 7 - 0 B. Economic Development Incentives for Tele -Flow, Inc.: Board member Helen Beckman made the motion, seconded by Secretary Lucy Stevener to approve economic development incentives to Tele -Flow for a maximum of $35,500.00 to extend a water line to the property. Motion Passed: 7 - 0 C. Economic Development Incentives for Alinson Door Manufacturing: Board Member Ed Thompson made the motion, seconded by Board member Steve Saboe to approve economic development incentives to Alinson Door Manufacturing for a water line and relocation expenses for a total cost of $50,000.00. Motion Passed: 7 - 0 D. Addition of Food Industry: No action was taken. III. Adjournment: Board member Steve Saboe made the motion, seconded by Board member George Sandars to adjourn the meeting. Motion Passed: 7 — 0 Time: 6:14 p.m. Minutes appro ed as submitted and/or corrected this day of A.D., 2004. P/afidy Ferguson, Ctziirman ATTEST: fin/ Uk(—� Janice U�ega, AdministratiA Assistant