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2007-03-26 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, MARCH 26, 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 5:02 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 Not in attendance: Due to a conflict in schedule, Board Member Ed Thompson was unable to attend the meeting. EX -OFFICIO BOARD MEMBERS City of Pearland Mayor Tom Reid City of Pearland Bill Eisen Chamber of Commerce Carol Artz STAFF MEMBERS Fred Welch Gregg Albritton Janice Vega Minutes of a Regular Meeting March 26, 2007 Page 2 II. Approval of Minutes: Secretary Lucy Stevener made the motion, seconded by Board Member Gary Idoux to approve the minutes of the Regular Meeting of January 29, 2007. Motion Passed: 6 - 0 Ill. Board Member Reports: Vice Chairman George Sandars attended Pearland Day and Brazoria County Day in Austin. Board Members Katheleen Hartin, Gary Idoux and Lucy Stevener also attended Pearland Day. IV. Monthly Financial Report: Reviewed and discussed Pearland Economic Development Corporation Financial Reports for the period ending January 31, 2007. V. Executive Director's Report: Executive Director Fred Welch commented on the following: - Participation in Pearland Day and Brazoria County Day - Bass Pro Shop on schedule to open in November 2007 - Presidential Park in the Spectrum - Houston Dynamo — Pearland is still one of four - CEO Roundtable next week VI. Public Comments: Carol Artz, Pearland Area Chamber of Commerce, thanked the board for their attendance and participation at Pearland Day in Austin. VII. Other Business EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE The meeting was adjourned to enter into Executive Session at 5:29 p.m. 1. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT INCENTIVES. The Board reconvened into Open Session at 6:00 p.m. VIII. New Business A. Economic Development Incentives: No action was taken. IX. Adjournment: Board Member Katheleen Hartin made the motion, seconded by Board Member Virgil Gant to adjourn the meeting. Motion Passed: 6 — 0 Time: 6:01 p.m. Minutes approved as submitted L , A.D., 2007. A and/or corrected this f 1 day of andy Ferguson hal man