2006-03-06 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 6, 2006, AT 5:30 P.M., 1ST FLOOR CONFERENCE ROOM, CITY
HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS.
I. Call to Order
The meeting was called to order at 5:35 p.m. with the following present:
BOARD MEMBERS
Chairman Randy Ferguson
Secretary Helen Beckman
Board member
Gary Idoux
Board member
Felicia Kyle
Board member
George Sandars
Board member
Lucy Stevener
Board member
Ed Thompson
EX -OFFICIO BOARD MEMBERS
City of Pearland Mayor Tom Reid
Not in attendance: Due to a conflict in schedule, Ex -Officio Board Members Bill Eisen
and Carol Artz were unable to attend the meeting.
STAFF MEMBERS
Executive Director Fred Welch
Director, New Business
Development Will Benson
Business Development/
Marketing Manager Eric Gage
Office Coordinator Janice Vega
Minutes of a Regular Meeting
March 6, 2006
Page 2
II. Approval of Minutes: Board Member George Sandars made the motion, seconded by
Board Member Lucy Stevener to approve the minutes of the Regular Meeting of January
30, 2006.
Motion Passed: 7 — 0
At the Chairman's request and the Board's concurrence, Executive Session under New
Business was moved up on the agenda.
EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE
The meeting was adjourned to enter into Executive Session at 5:35 p.m.
1. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC
DEVELOPMENT INCENTIVES
The Board reconvened into Open Session at 6:24 p.m.
III. 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:
Executive Director Fred Welch introduced Eric Gage who joined the PEDC staff to
replace Karen Dickson's position.
Director of Business Development, Will Benson gave a summary of current projects.
VI. Public Comments: None
VII. New Business
A. Regional Detention — The Spectrum: Executive Director Fred Welch gave an
update on the project.
B. Resolution: Board Member George Sandars made the motion, seconded by
Secretary Helen to approve a Resolution Declaring Intention to Reimburse Project
Expenditures.
Motion Passed: 7 - 0
C. Resolution: Secretary Helen Beckman made the motion, seconded by Board
Member George Sandars to approve a Resolution Calling Public Hearing and
Authorizing Publication of Notice in connection with the planned Pearland Economic
Development Corporation financing.
Motion Passed: 7 - 0
Minutes of a Regular Meeting
March 6, 2006
Page 3
NEW BUSINESS (Continued)
D. Economic Development Incentives: No action taken.
VIII. Adjournment: Secretary Helen Beckman made the motion, seconded by Board Member
Felicia Kyle to adjourn the meeting.
Motion Passed: 7 — 0
Time: 6:44 p.m.
Minutesproved as submitted and/or
�p,.t, , A.D., 2006.
corrected this 12e2- day of
i
dy Ferguson; Chairman
ATTEST:
Helen Beckman, Secretary