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2004-10-25 PEARLAND ECONCOMIC DEVELOPMENT CORPORATION 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, OCTOBER 25, 2004, 5:30 P.M., IN THE 2ND FLOOR CONFERENCE ROOM, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 5:38 p.m. with the following present: BOARD MEMBERS Secretary Board member Board member Board member Lucy Stevener Steve Saboe George Sandars Ed Thompson Not in attendance: Due to a conflict in schedule, Chairman Randy Ferguson, Board Member Helen Beckman and Board Member Felicia Kyle were unable to attend the meeting. EX -OFFICIO BOARD MEMBERS City of Pearland Bill Eisen Chamber of Commerce Carol Artz STAFF MEMBERS Executive Director Fred Welch Marketing Manager Will Benson Manager, Business Retention & Expansion Karen Dickson Administrative Assistant Janice Vega Minutes of a Regular Meeting of October 25, 2004 Page 2 With the Secretary's concurrence, Item B under New Business was moved up on the agenda. VII. New Business B. Oiler Drive/Bailey Road Extension: Board Member Steve Saboe made the motion, seconded by Board Member George Sandars to proceed with the Oiler Drive/Bailey Road extension, assuming that the same conditions that were in place when the Board originally voted on the project in 2001, by directing staff to commence a land use study in coordination with the school board and land owners to determine the best use of the land to target potential industries for that location, and to determine the opportunity for potential rail service in the area. Motion Passed: 4 - 0 Due to a prior commitment, Board Member Ed Thompson excused himself from the meeting. The meeting was adjourned at 6:14 p.m. due to lack of a quorum. No action was taken on the following items. II. Approval of Minutes III. Board Member Reports IV. Monthly Financial Report V. Executive Director's Report VI. Public Comments VII. New Business (continued) A. Excuse Absence: Excuse the absence of Board Member Steve Saboe from the Regular Meeting of September 27, 2004. C — Minutes approved as submitted and/or corrected this 1 (�A day of MOQeiM( i&, ,A.D.,2004. ,,�- Randy Ferguso , Chairma ATTEST: Jani6e­V4fia, Administrati ssistant