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2004-05-10 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, MAY 10, 2004, 5:30 P.M., IN THE CONFERENCE ROOM, SUITE 203, 2ND FLOOR, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. The meeting was called to order at 5:45 p.m. with the following present: BOARD MEMBERS Chairman Randy Ferguson (arrived at 5:50 p.m.) 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 STAFF MEMBERS Executive Director Fred Welch Marketing Manager Will Benson Administrative Assistant Janice Vega Minutes of a Special Meeting May 10, 2004 Page 2 II. OTHER BUSINESS 1. EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE A. Secretary Lucy Stevener adjourned the meeting at 5:46 p.m. to go into Executive Session to discuss Section 551.087 — Regarding Economic Development Negotiations. III. NEW BUSINESS A. Negotiations — The Board reconvened into Open Session at 6:39 p.m. Board member Helen Beckman made the motion, seconded by Board member George Sandars to advise Executive Director Fred Welch, City Manager Bill Eisen and Chairman Randy Ferguson to move forward with Project negotiations. Motion Passed: 7 - 0 IV. ADJOURNMENT: Board member Felicia Kyle made the motion, seconded by Secretary Lucy Stevener to adjourn the meeting. Motion Passed: 7 — 0 Time: 6:40 p.m. Minutes ap roved as submitted and/or Julk A.D., 2004. corrected this 4 / day of ATTEST: VJC,4,- J'an-1—ceNega, Administr 'v Assistant