2007-07-23 PEARLAND ECONOMIC DEVELOPMENT CORPORATION SPECIAL MEETING MINUTESMINUTES OF A SPECIAL MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION
("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS, HELD MONDAY, JULY 23,
2007, AT 5:30 P.M., 2ND FLOOR CONFERENCE ROOM, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND,
TEXAS.
Call to Order
The meeting was called to order at 5:31 p.m. with the following present:
BOARD MEMBERS
Chairman Randy Ferguson
Secretary Lucy Stevener
Board Member Virgil Gant
Board Member Gary Idoux
Board Member Ed Thompson
Not in attendance: Due to a conflict in schedule, Vice Chairman George Sandars and Board
Member Katheleen Hartin were unable to attend the meeting.
EX -OFFICIO BOARD MEMBERS
City of Pearland Mayor Tom Reid
STAFF MEMBERS
Fred Welch
Gregg Albritton
Janice Vega
Minutes of a Special Meeting
July 23, 2007
Page 2
II. OTHER BUSINESS
EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE
The meeting was adjourned to enter into Executive Session at 5:35 p.m.
1. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT
INCENTIVES.
The Board reconvened into Open Session at 6:43 p.m.
III. NEW BUSINESS
A. Budget Amendment: Board Member Virgil Gant made the motion, seconded by Secretary
Lucy Stevener to amend the current year budget to projections.
Motion Passed: 5 - 0
B. FY2008 Budget: Board Member Ed Thompson made the motion, seconded by Board Member
Gary Idoux to approve the PEDC Budget of FY2008 and recommend approval to City Council.
Motion Passed: 5 - 0
C. Economic Development Incentives: No action was taken.
IV. Adjournment: The meeting was adjourned at 6:44 p.m.
Minute a proved as submitted and/or corrected day of
A.D., 2007.
andy Fergu , hairman