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2004-12-13 PEARLAND ECONCOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTES - 5:00PMMINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS, HELD MONDAY, DECEMBER 13,2004,5:00 P.M., IN THE 2ND FLOOR CONFERENCE ROOM, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 5:05 p.m. with the following present: BOARD MEMBERS Chairman Randy Ferguson Secretary Lucy Stevener Board member Helen Beckman Board member Steve Saboe Board member George Sandars Board member Ed Thompson EX -OFFICIO BOARD MEMBERS City of Pearland Bill Eisen City of Pearland Mayor Tom Reid Chamber of Commerce Carol Artz STAFF MEMBERS Executive Director Fred Welch Marketing Director Will Benson Manager, Business Retention & Expansion Karen Dickson Administrative Assistant Janice Vega Minutes of a Regular Meeting of December 13, 2004 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 November 29, 2004. Motion Passed: 6 - 0 Approval of Minutes: Board Member George Sandars made the motion, seconded by Board Member Helen Beckman to approve the minutes of the Public Hearing of November 29, 2004. Motion Passed: 6 — 0 Approval of Minutes: Secretary Lucy Stevener made the motion, seconded by Board Member George Sandars to approve the minutes of the Special Meeting of November 29, 2004. Motion Passed: 6 — 0 Ill. Board Member Reports: None IV. Monthly Financial Report: Executive Director Fred Welch gave an oral report and one was submitted to file. V. Executive Director's Report: January 10-12 is the WESCON Plastec show for medical devices and manufacturing. Staff members will be in attendance at the show. Visits to life science companies in and around Los Angeles and San Diego are being coordinated. Texas Legislature — The Texas Legislature will convene in January. Issues relating to school finance, economic development incentives provided by the state, and use of the sales tax for economic development will keep staff busy. Executive Director Fred Welch is chair of the legislative committee for the Texas Economic Development Council. There will be legislative committee meetings between January and end of session. Good news from Congressman DeLay — Two appropriations in the national highway bill signed into law by the President include a $2.8 million appropriation for the Kirby Drive extension in The Spectrum and over $25 million to fund part of the connectors needed at the intersection of Beltway 8 and SH 288. Both of these earmarks will greatly assist in our future mobility plans along the 288 corridor and over all financing of the estimated $9.5 million project for road, water, sewer and drainage that comprises the Kirby Road Expansion. Marketing Manager Will Benson and Manager of Business Retention and Expansion Karen Dickson gave brief project updates. VI. Public Comments: None Minutes of a Regular Meeting of December 13, 2004 Page 3 At 5:25 p.m. Board Member Felicia Kyle arrived at the meeting. VII. New Business A. PEDC Vehicles: Board Member Helen Beckman made the motion, seconded by Secretary Lucy Stevener to remove from table the discussion on the PEDC vehicles. Motion Passed: 7 — 0 B. PEDC Vehicles: Board Member Helen Beckman made the motion, seconded by Secretary Lucy Stevener to purchase two vehicles through HGAC in the amount of $26,165 .00 each. Motion Passed: 7 — 0 C. Chamber of Commerce Contract: Chamber President Carol Artz gave a presentation to the Board. Board Member George Sandars made the motion, seconded by Board Member Steve Saboe to amend the contract to a term of ninety days. Further discussion will take place at the Board Retreat in February 2005. Motion Passed: 7 - 0 D. PEDC Board Retreat: Board Member George Sandars made the motion, seconded by Board Member Helen Beckman to hold a Board of Directors Retreat on February 11, 2005. Motion Passed: 7 - 0 VIII. Adjournment: Board Member Steve Saboe made the motion, seconded by Chairman Randy Ferguson to adjourn the meeting at 6:20 p.m. Motion Passed: 7 - 0 Minutes ppro ed as submitted and/or corrected this day of G , A.D., 2004. "Randy Fergusod, Chairman ATTEST: Janice V ga, Administrati Assistant