2005-02-11 PEARLAND ECONOMIC 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 FRIDAY, FEBRUARY 11, 2005, 12:45 P.M., GOLFCREST COUNTRY CLUB, 2509
COUNTRY CLUB DRIVE, PEARLAND, TEXAS.
I. The meeting was called to order at 12:45 p.m. with the following present:
BOARD MEMBERS
Secretary Lucy Stevener
Board member Helen Beckman
Board member Felicia Kyle
Board member George Sandars
Board member Ed Thompson
Not in attendance: Due to a conflict in schedule, Chairman Randy Ferguson and Board
Member Steve Saboe were unable to attend.
EX -OFFICIO BOARD MEMBERS
Chamber of Commerce Carol Artz
City of Pearland Bill Eisen
STAFF MEMBERS
Executive Director Fred Welch
Marketing Manager Will Benson
Manager, Business
Retention and Expansion Karen Dickson
Minutes of a Special Meeting
February 11, 2005
Page 2
II. Executive Director's Report: During the report, Executive Director Fred Welch gave a
brief overview of the three items under New Business.
III. NEW BUSINESS
A. Economic Development Incentive: Board Member Ed Thompson made the
motion, seconded by Board Member Helen Beckman to approve an incentive grant to
Third Coast Terminals in the amount of $20,160.00 for the construction of a street
along the property line of their new building.
Motion Passed: 5 — 0
B. Economic Development Incentive: Board Member Felicia Kyle made the motion,
seconded by Board Member George Sandars to approve an incentive grant to
ShawCor in the amount of $60,480.00 for relocation expenses.
Motion Passed: 5 - 0
C. Economic Development Incentive: Board Member Ed Thompson made the motion,
seconded by Board Member George Sandars to approve an incentive grant to
Upstage Center in an amount not to exceed $6,000.00 for a water line extension and
fire hydrant.
Motion Passed: 5 - 0
IV. ADJOURNMENT: Board member Felicia Kyle made the motion, seconded by Board
Member George Sandars to adjourn the meeting.
Motion Passed: 5 — 0
Minutespproved as submitted and/or
_ - r , A.D., 2005.
corrected this / �-, ,�- _1 day of
IV,„” Randy Ferguson, C[Yairman
ATTEST: "� Ic
Janice ega, ministratiV6 Assistant