2006-08-28 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, AUGUST 28, 2006, 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 5:34 p.m. with the following present:
BOARD MEMBERS
Chairman
Randy Ferguson
Board member
Virgil Gant
Board member
Katheleen Hartin
Board member
Gary Idoux
Board member
George Sandars
Board member
Lucy Stevener
Board member
Ed Thompson
EX -OFFICIO BOARD MEMBERS
City of Pearland Mayor Tom Reid
Pearland Area
Chamber of Commerce Carol Artz
Not in attendance: Due to a conflict in schedule, Ex -Officio Board Member Bill Eisen was unable
to attend the meeting.
STAFF MEMBERS
Executive Director
Fred Welch
Business Development/
Marketing Manager
Eric Gage
Director of Business
Development
Gregg Albritton
Office Coordinator
Janice Vega
Minutes of a Regular Meeting
August 28, 2006
Page 2
At the Chairman's request and the Board's concurrence, Item IV. Monthly Financial Report was
moved up on the agenda.
IV. Monthly Financial Report
A. Reviewed and discussed Pearland Economic Development Corporation Financial Report for
the period ending July, 2006.
B. Reviewed and discussed Pearland Economic Development Corporation Investment Report for
the period ending July, 2006.
Approval of Minutes: Board member George Sandars made the motion, seconded by Board
member Gary Idoux to approve the minutes of the Public Hearing and Regular Meeting of July 10,
2006 and the Special Meeting of August 14, 2006.
Motion Passed: 7 — 0
III. Board Member Reports: Chairman Randy Ferguson attended the Joint Workshop with Pearland
I.S.D.
V. Executive Director's Report: Executive Director Fred Welch gave a brief projects update for
the newly appointed board members.
Moving forward with the development agreement with Transwestern.
Working with prospect on 80 acres in The Spectrum.
Working with a manufacturing prospect on a 20 — 50 acre site.
Public Hearing will be held on August 28, 2006 regarding tax abatements for Bison Lumber
and Kemlon.
Staff will be attending the IEDC conference in New York and the TEDC conference in
Houston.
VI. Public Comments: Carol Artz of the Pearland Area Chamber of Commerce welcomed new
Board members and introduced Gary Bucek and Andy Rivera of her Board of Directors.
VII. New Business
A. Resolution: Board member Ed Thompson made the motion, seconded by Board member
Lucy Stevener that the Pearland Economic Development Corporation Board of Directors will not
deliberate further on any similar large retail project in the SH288 or Spectrum vicinity that, in the
determination of the Board, jeopardizes its financial commitment to the Spectrum project.
Board member Ed Thompson made a motion to amend the previous motion to approve a
statement that the Pearland Economic Development Corporation Board of Directors will not
deliberate further on any similar large retail project in the SH288 or Spectrum vicinity that, in the
determination of the Board, jeopardizes its financial commitment to the Spectrum project.
Motion Passed: 7 — 0
Amended Motion Passed: 7 — 0
Minutes of a Regular Meeting
August 28, 2006
Page 3
VIII. Adjournment: Board member Ed Thompson made the motion, seconded by Board member
member Katheleen Hartin to adjourn the meeting.
Motion Passed: 7 — 0
Time: 6:36 p.m.
Minutes approved as submitted and/or corrected this day of
�� �►�i1�, A.D., 2006.
Adlandy Ferguson hairman
ATTEST:
Ja—ni4 Vega, Office Co6rrdinator