2007-01-29 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, JANUARY 29, 2007, AT 5:00 P.M., 2ND FLOOR CONFERENCE ROOM, CITY
HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS.
I. Call to Order
The meeting was called to order at 5:11 p.m. with the following present:
BOARD MEMBERS
Chairman Randy Ferguson
Vice Chairman George Sandars
Secretary Lucy Stevener
Board Member Virgil Gant
Board Member Katheleen Hartin
Board Member Gary Idoux
Board Member Ed Thompson
EX -OFFICIO BOARD MEMBERS
City of Pearland Mayor Tom Reid
Pearland 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
Fred Welch
Gregg Albritton
Janice Vega
Minutes of a Regular Meeting
January 29, 2007
Page 2
II. Approval of Minutes: Board Member Ed Thompson made the motion, seconded by
Board Member Vice Chairman George Sandars to approve the minutes of the Regular
Meeting of November 27, 2006, the Special Meeting of December 11, 2005, and the
Special Meeting of December 18, 2006.
Motion Passed: 7 - 0
III. Board Member Reports: Vice Chairman George Sandars, Secretary Lucy Stevener and
Board Member Virgil Gant attended the Pearland Area Chamber of Commerce Annual
Banquet.
IV. Monthly Financial Report: Reviewed and discussed Pearland Economic Development
Corporation Financial Reports for the period ending December 31, 2006.
V. Executive Director's Report: Executive Director Fred Welch reminded the Board about
Pearland Day in Austin on February 27th & 28th, 2007; and Brazoria County Day on March
18 — 21, 2007.
VI. Public Comments: None
VII. New Business
A. Excused Absence: Vice Chairman George Sandars made the motion, seconded by
Secretary Lucy Stevener to excuse the absence of Board Member Gary Idoux from the
Regular Meeting of November 27, 2006.
Motion Passed: 6 — 0
Abstained: 1
B. Excused Absence: Secretary Lucy Stevener made the motion, seconded by Board
Member Virgil Gant to excuse the absence of Board Member Katheleen Hartin from the
Special Meeting of December 11, 2006.
Motion Passed: 6 — 0
Abstained: 1
C. Excused Absence: Board Member Katheleen Hartin made the motion, seconded by
Vice Chairman George Sandars to excuse the absence of Board Member Virgil Gant
from the Special Meeting of December 18, 2006.
D. Economic Alliance Houston Port Region: President Jan Lawler of the Alliance gave
report to the board, report submitted to file.
E. Pearland Area Chamber of Commerce Quarterly Report: President Carol Artz gave
an update to the board, report submitted to file.
F. Municipal Management District: Board Member Virgil Gant made the motion,
seconded by Vice Chairman George Sandars to authorize the execution of the creation
of a Municipal Management District for The Spectrum.
Motion Passed: 7 — 0
Minutes of a Regular Meeting
January 29, 2007
Page 3
OTHER BUSINESS
EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE
The meeting was adjourned to enter into Executive Session at 6:21 p.m.
1. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC
DEVELOPMENT INCENTIVES.
The Board reconvened into Open Session at 6:39 p.m.
NEW BUSINESS CONTINUED:
G. Economic Development Incentives: Board Member Ed Thompson made the motion,
seconded by Board Member Virgil Gant to approve an economic development incentive
grant to Prospect #0702 in the amount of $80,000.00. Layout of the grant is as follows:
$40,000.00 at receipt of certificate of occupancy and $40,000.00 in twelve months with
proof of twenty additional employees.
Motion Passed: 7 — 0
Vice Chairman George Sandars made the motion, seconded by Board Member Virgil
Gant to recommend Prospect #0702 for tax abatement.
Motion Passed 7 - 0
VIII. Adjournment: Vice Chairman George Sandars made the motion, seconded by Board
Member Katheleen Hartin to adjourn.
Motion Passed: 7 — 0
Time: 6:41 p.m.
Minutes Approved as submitted and/or corrected this
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