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2006-08-14 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 MONDAY, AUGUST 14, 2006 AT 8:30 P.M., 1ST FLOOR CONFERENCE ROOM, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. CALL TO ORDER The meeting was called to order 8:32 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 STAFF MEMBERS Executive Director Fred Welch Minutes of a Special Meeting August 14, 2006 Page 2 EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE 1. SECTION 551.087 - Deliberations Regarding Economic Development Incentives. 2. SECTION 551.072 - Consultation Regarding Deliberations About Real Property. II. NEW BUSINESS A. Economic Development Incentives: No action was taken. B. Real Property: Board member Gary Idoux made the motion, seconded by Board member George Sandars to continue negotiations in regard to Transwestern property agreement. II. ADJOURNMENT Minutes approved as submitted and/or corrected this - , �— day of A.D., 2006. 4,1,Vady ZFeairman ATTEST:, l -Jant. a Vega, Office C ordinator