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2005-07-25 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, JULY 25, 2005, AT 5:30 P.M., 2ND FLOOR CONFERENCE ROOM, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. Call To Order The meeting was called to order at 5:32 p.m. with the following present: BOARD MEMBERS Chairman Board member Board member Board member Randy Ferguson Helen Beckman Felicia Kyle Steve Saboe Not in attendance: Due to a conflict in schedule, Secretary Lucy Stevener, Board Members George Sandars and Ed Thompson were unable to attend the meeting. EX -OFFICIO BOARD MEMBERS Chamber of Commerce Carol Artz City of Pearland Mayor Tom Reid Not in attendance: Due to a conflict in schedule, Ex -Officio Board Member City Manager Bill Eisen was unable to attend the meeting. STAFF MEMBERS Executive Director Fred Welch Director, New Business Development Will Benson Manager, Business Retention & Expansion Karen Dickson Administrative Assistant Janice Vega Minutes of a Regular Meeting July 25, 2005 Page 2 II. Approval of Minutes: Board Member Helen Beckman made the motion, seconded by Board Member Felicia Kyle to approve the minutes of the Special and Regular Meetings of June 6, 2005. Motion Passed: 4 — 0 III. Board Member Reports: None IV. Monthly Financial Report: Report submitted to file. V. Executive Director's Report: Paperwork regarding the right of way acquisition for the Kirby project has delayed the project. Issues have been taken care of by the Projects Department staff. The contractor will be on site by August 1, 2005. The Planned Unit Development (PUD) for the Poag & McEwen project was reviewed in a joint workshop between City Council and P & Z on July 18th. Actual construction should begin early in 2006. Monthly pre -development meetings have been set with city staff to review the project milestones and keep things moving forward. CBL from Chattanooga, TN has announced development of a town center at the intersection of SH 288 and 518. Recent announcements in the media indicate a commitment by Foleys and Dillards for retail space in the center, which is scheduled to open in late 2008 or early 2009. There is a facility located at the corner of Almeda School Road and Beltway in the Spectrum. The new owner of the property is working with city staff and PEDC on an expansion that would include a $2.5 million addition to the property and over 15 new jobs immediately. VI. Public Comments: Chamber of Commerce President Carol Artz introduced Bryan Roller, coordinator of the Pearland Convention and Visitors Bureau. Report submitted to file. VII. New Business A. Tenant Sign for West Industrial Drive: Board Member Steve Saboe made the motion, seconded by Board Member Helen Beckman to table the item. Motion Passed: 4 - 0 B. Project Updates: Kirby Road: Contractor will be on site August 1, 2005. ShawCor: Construction started June 10, 2005. Bailey/Oiler Drive: Will be planned a joint workshop with City Council. Misc. Projects: Spectrum groundbreaking scheduled for October 12, 2005. Minutes of a Regular Meeting July 25, 2005 Page 3 C. Quarterly Report from Pearland Area Chamber of Commerce: President Carol Artz gave a report to the board. Report submitted to file. D. Feasibility Study for Regional Detention: Board Member Steve Saboe made the motion, seconded by Board Member Felicia Kyle to table the item. Motion Passed: 4 - 0 VIII. Adjournment: Board Member Steve Saboe made the motion, seconded by Board Member Felicia Kyle to adjourn the meeting. Motion Passed: 4 - 0 Time: 6:40 p.m. Minutes appr ved as submitted and/or corrected this U , A.D., 2005. ATTEST: LUti t, anio Vega, Administrative Assistant �? kk Randy Ferg day of