2007-06-25 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, JUNE 25, 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 5:01 p.m. with the following present:
BOARD MEMBERS
Chairman Randy Ferguson
Vice Chairman George Sandars
Secretary Lucy Stevener
Board Member Katheleen Hartin
Board Member Gary Idoux
Board Member Ed Thompson
(Board Member Katheleen Hartin arrived at 5:50 p.m.)
Not in attendance: Due to a conflict in schedule, Board Member Virgil Gant was unable to attend
the meeting.
EX -OFFICIO BOARD MEMBERS
City of Pearland Bill Eisen
City of Pearland Mayor Tom Reid
STAFF MEMBERS
Fred Welch
Eric Gage
Janice Vega
Minutes of a Regular Meeting
June 25, 2007
Page 2
II. Approval of Minutes: Board Member Ed Thompson made the motion, seconded by Board
Member Gary Idoux to approve the minutes of the Regular Meeting of May 14, 2007.
Motion Passed: 5 — 0
III. Board Member Reports: Secretary Lucy Stevener attended the monthly Chamber of Commerce
luncheon and the Lion's Club opening. Vice Chairman George Sandars also attended the Lion's Club
opening.
IV. Monthly Financial Report:
A. Reviewed and discussed Pearland Economic Development Corporation Financial Reports for the
period ending April 30, 2007 and May 31, 2007.
B. Reviewed and discussed Fiscal Year 2007 Projections and Fiscal Year 2008 Budget.
V. Executive Director's Report: Executive Director Fred Welch gave an update on current prospects
and expansion projects.
VI. Public Comments: None
VII. Other Business
EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE
The meeting was adjourned to enter into Executive Session at 6:03 p.m.
1. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT
INCENTIVES.
The Board reconvened into Open Session at 6:10 p.m.
VIII. New Business
A. Excused Absence: Board Member Ed Thompson made the motion, seconded by Secretary
Lucy Stevener to excuse the absence of Board Member Katheleen Hartin from the Regular
Meeting of May 14, 2007.
Motion Passed: 5 - 0
B. Budget Amendment: Vice Chairman George Sandars made the motion, seconded by Board
Member Gary Idoux to amend the budget for the Bailey/Oiler Road Project.
Motion Passed: 6 - 0
C. Economic Development Incentives: Board Member Ed Thompson made the motion,
seconded by Secretary Lucy Stevener to approve an economic development incentive grant in
the amount of $130,000.00 for a sewer line for Prospect #0713.
Motion Passed: 6 - 0
Minutes of a Regular Meeting
June 25, 2007
Page 3
VIII. Adjournment: Vice Chairman George Sandars made the motion, seconded by Board Member
Katheleen Hartin to adjourn the meeting.
Motion Passed: 6 — 0
Time: 6:14 p.m.
Minutes approved as submitted
1� , A.D., 2007.
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