2006-09-25 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, SEPTEMBER 25, 2006, AT 6:00 P.M., 2ND FLOOR CONFERENCE ROOM,
CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS.
I. Call to Order
The meeting was called to order at 6:10 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
Pearland Area
Chamber of Commerce Carol Artz
Not in attendance: Due to a conflict in schedule, Ex -Officio Board Members Bill Eisen
and Mayor Tom Reid were 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
September 25, 2006
Page 2
II. Approval of Minutes: Board member Ed Thompson made the motion, seconded by
Board member George Sandars to approve the minutes of the Regular Meeting of August
28, 2006.
III. Board Member Reports: None
IV. Monthly Financial Report
A. Reviewed and discussed Pearland Economic Development Corporation Financial
Report for the period ending August 31, 2006.
V. Executive Director's Report
Staff is working with three manufacturing prospects.
Staff will be attending the Texas Economic Development Council annual conference here
in Houston this week.
Members of the staff also attended the International Economic Development Council
annual conference in New York City.
VI. Public Comments: None
EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE
The meeting was adjourned to enter into Executive Session at 6:35 p.m.
1. SECTION 551.087 — Deliberations regarding Economic Development
Incentives — Prospect #0406
The Board reconvened into Open Session at 6:38 p.m.
VII. New Business
A. Economic Development Incentives — Prospect #0406: Board member Ed Thompson
made the motion, seconded by Board member Virgil Gant to award an economic
development incentive grant in the amount of $12,000.00 to Prospect #0406 for
relocation expenses.
Motion Passed: 7 - 0
B. Board Meeting Time: The Board of Directors will continue meeting on the fourth
Monday of the month at 5:00 pm.
Minutes of a Regular Meeting
September 25, 2006
Page 3
VIII. Adjournment: Board member Ed Thompson made the motion, seconded by Board
Member George Sandars to adjourn the meeting.
Motion Passed: 7 — 0
Time: 6:52 p.m.
Minutes approved as submitted and/or corrected this day of
UAL , A.D., 2006.
Randy Ferguson, Chairm n
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