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2006-07-10 PEARLAND ECONOMIC DEVELOPMENT CORPORATION PUBLIC HEARING MEETING MINUTESMINUTES OF A PUBLIC HEARING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS, HELD MONDAY, JULY 10, 2006, 5:00 P.M., COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. Call to order: The meeting was called to order at 5:09 p.m. with the following present: BOARD MEMBERS Chairman Randy Ferguson Board member Gary Idoux Board member George Sandars Board member Lucy Stevener Board member Ed Thompson EX -OFFICIO MEMBERS City of Pearland Bill Eisen City of Pearland Mayor Tom Reid STAFF MEMBERS Executive Director Fred Welch Office Coordinator Janice Vega Minutes of a Public Hearing of July 10, 2006 Page 2 II. PURPOSE OF HEARING: To consider use of the one-half cent sales tax proceeds for proposed PEDC projects. Proposed projects will include expenditures for any of the following: Promotion of manufacturing and industrial facilities Recycling facilities Distribution centers Small warehouse and storage facilities Facilities to promote new and expanded business development Targeted infrastructure Parks and related public space improvements Tourism and entertainment facilities Commercial facilities Transportation improvements Infrastructural improvements Other business-related improvements Facilities related to any of the foregoing projects Research and development facilities General business parks for research and development Studies to assist in retail and industry cluster development III. Staff Review: Executive Director Fred Welch presented the Board with highlights of the budget. Director of Finance Claire Manthei also gave an overview. IV. Citizen Comments: None V. Board/Staff Discussion: None VI. Adjournment: Board member George Sandars made the motion, seconded by Board Member Ed Thompson to adjourn the meeting. Motion Passed: 5 — 0 Time: 5:20 p.m. Minutes approved as submitted and/or corrected this �� ;�l, day of A.D., 2006. ��dy Fergus n, airman ATTEST: vC + ice Vega, Offic6 Coordinator