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2005-03-28 PEARLAND ECONOMIC 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, MARCH 28, 2005, 5:30 P.M., IN THE 2ND FLOOR CONFERENCE ROOM, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. Call To Order The meeting was called to order at 5:41 p.m. with the following present: BOARD MEMBERS Chairman Randy Ferguson 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, Board Member Steve Saboe was unable to attend the meeting. EX -OFFICIO BOARD MEMBERS Chamber of Commerce Carol Artz Not in attendance: Due to a conflict in schedule, Ex -Officio Board Members Mayor Tom Reid and City Manager Bill Eisen were unable to attend the meeting. 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 March 28, 2005 Page 2 II. Approval of Minutes: Board Member George Sandars made the motion, seconded by Secretary Lucy Stevener to approve the minutes of the Special Meeting of December 6, 2004, the Special Meeting of December 8, 2004, the Regular Meeting of December 13, 2004, the Special Meeting of December 13, 2004, and the Special Meeting of December 20, 2004. Motion Passed: 6 — 0 With the Chairman's concurrence, Items A and B under New Business were moved up on the agenda. A. Economic Development Incentives: Secretary Lucy Stevener made the motion, seconded by Board Member Helen Beckman to approve Economic Development Incentives to R & D Propeller in the amount of $12,000.00 for relocation expenses. Motion Passed: 6 - 0 B. Economic Development Incentives: Board Member Felicia Kyle made the motion, seconded by Board Member George Sandars to approve Economic Development Incentives to Signature Properties in an amount not to exceed $10,000.00 for a water line extension. Motion Passed: 6 - 0 III. Board Member Reports: Board Member Felicia Kyle stated that her spouse, Jeffrey Kyle will be opening his own law practice in Pearland. Board Member Ed Thompson commented on his attendance at Brazoria County Day and the Chamber of Commerce monthly luncheon. Chairman Randy Ferguson also attended the Chamber of Commerce luncheon. Board Member George Sandars attended Brazoria County Day and the Chamber of Commerce luncheon. Board Member Helen Beckman attended the Alvin Community College Workforce Development Annual luncheon, the Chamber of Commerce luncheon, and the HCA groundbreaking. IV. Monthly Financial Report: Executive Director Fred Welch gave an oral report and one was submitted to file. V. Executive Director's Report: No report was given. VI. Public Comments: Carol Artz, President of the Pearland Area Chamber of Commerce reminded the Board about attending the 2005 Business Expo. VII. Old Business A. Chamber of Commerce Contract: Board Member Helen Beckman made the motion, seconded by Board Member Ed Thompson to remove from table — Contract between the Pearland Economic Development Corporation and Pearland Area Chamber of Commerce. Motion Passed: 6 — 0 B. Chamber of Commerce Contract: Board Member Helen Beckman made the motion, seconded by Secretary Lucy Stevener to approve the contract between the Minutes of a Regular Meeting March 28, 2005 Page 3 Pearland Economic Development Corporation and Pearland Area Chamber of Commerce with the amendments made to date. Motion Passed: 6 — 0 VIII. NEW BUSINESS EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE The meeting was adjourned to enter into Executive Session at 6:35 p.m. A. SECTION 551.072 — Deliberations Regarding Real Property — Pearland Area Chamber of Commerce building. B. SECTION 551.072 — Deliberations Regarding Real Property — The Spectrum At Clear Creek. NEW BUSINESS (CONTINUED) C. Chamber of Commerce Building: No action was taken D. The Spectrum at Clear Creek: No action was taken. IX. Adjournment: Board Member George Sandars made the motion, seconded by Board Member Felicia Kyle to adjourn the meeting. Motion Passed: 6 - 0 Time: 7:37 p.m. Minutes approved as submitted and/or A.D., 2005. corrected this 1 G A, day of j6indy Ferguson, C irman ATTEST:,'- ' JaniceLVega, Administr ive Assistant