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2006-12-18 CITY COUNCIL SPECIAL MEETING MINUTESMINUTES OF A SPECIAL MEETING OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, HELD ON DECEMBER 18, 2006, AT 7:00 P.M., IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. Mayor Reid called the meeting to order at 10:20 p.m. with the following present: Mayor Tom Reid Mayor Pro -Tem Richard Tetens Councilmember Kevin Cole Councilmember Helen Beckman Councilmember Felicia Kyle Councilmember Steve Saboe City Manager Bill Eisen City Attorney Darrin Coker City Secretary Young Lorfing Others in attendance: Fred Welch Executive Director of Economic Development Corporation. NEW BUSINESS COUNCIL ACTION — RESOLUTION NO. R2006-210 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO ENTER INTO A DEVELOPMENT AGREEMENT WITH PEARLAND TOWN CENTER LIMITED PARTNERSHIP. Mr. Bill Eisen, City Manager. Councilmember Saboe made the motion, seconded by Mayor Pro -Tem Tetens, to approve Resolution No. R2006-210. After discussion, Resolution R2006-210 was tabled. City Manager Bill Eisen stated this item is an agreement with CBL & Associates Management, Inc. that would reimburse the company for expenses associated with the cost of extending Kirby Drive from their southern -most entryway to CR 59. The agreement is for the reimbursement of both hard and soft costs and is triggered by the opening of 75% of the square footage of the retail space. The agreement describes performance and building requirements for CBL & Associates Management, Inc. The total reimbursement will be completed in three years and will be funded by sales tax received from the retail facilities. Councilmember Kyle presented several potential amendments to the contract with CBL & Associates Management, Inc. and stated she would like all the changes to be made before approving the item. Page 1 of 2 — 12/18/2006 Discussion ensued between Council, Mayor Reid, and City Manager Bill Eisen regarding the Resolution. Councilmember Saboe made the motion, seconded by Councilmember Cole, to table Resolution R2006-210 for further review. Voting "Aye" Councilmembers Saboe, Beckman, Tetens, Kyle, and Cole. Voting "No" None. Motion Tabled 5 to 0. ADJOURNMENT Meeting was adjourned at 11:15 p.m. Minutes approved as submitted and/or corrected this the 8th day of January, A.D., 2007. Tom Reid Mayor Page 2 of 2 — 12/18/2006