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2004-12-20 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, DECEMBER 20, 2004, 6:30 P.M., IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 6:42 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 STAFF MEMBERS Executive Director Fred Welch Minutes of a Special Meeting of December 20, 2004 Page 2 I1. Purpose of the Meeting: EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE A. The meeting was adjourned to enter into Executive Session to consult with City Attorney - Section 551.087 - Regarding Economic Development Negotiations. The meeting was reconvened into Open Session at 7:55 p.m. III. New Business A. Board member George Sandars made the motion, seconded by Board member Ed Thompson to authorize the Pearland Economic Development Corporation's Executive Director to enter into an Economic Incentive Development Agreement with Poag and McEwen. Motion Passed: 7 - 0 IV. Adjournment: Board member George Sandars made the motion, seconded by Secretary Lucy Stevener to adjourn the meeting. Motion Passed: 7 – 0 MinuterAa pr ved as submitted and/or corrected this day of A.D., 2005. Randy Ferguson, C airman ATTEST: — (�Akilj \L1P,4 Janice ga, Administrati a Assistant