2007-07-30 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, JULY 30, 2007, AT 5:30 P.M., 2ND FLOOR CONFERENCE ROOM, CITY HALL, 3519 LIBERTY
DRIVE, PEARLAND, TEXAS.
I. Call to Order
The meeting was called to order at 5:30 p.m. with the following present:
BOARD MEMBERS
Chairman Randy Ferguson
Vice Chairman
Secretary
Board Member
Board Member
George Sandars
Lucy Stevener
Virgil Gant
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
Chamber of Commerce Carol Artz
STAFF MEMBERS
Fred Welch
Gregg Albritton
Janice Vega
Minutes of a Regular Meeting
July 30, 2007
Page 2
II. Approval of Minutes: Board Member Virgil Gant made the motion, seconded by Secretary Lucy
Stevener to approve the minutes of the Regular Meeting of June 25, 2007, Special Meetings of July 9
and July 23, 2007, and the Public Hearing of July 23, 2007.
Motion Passed: 6 - 0
III. Board Member Reports: Board Member Gary Idoux attended the Texas Department of
Transportation meeting in Austin, Texas.
IV. Monthly Financial Report
A. Reviewed and discussed Pearland Economic Development Corporation Financial Report for the
period ending June 30, 2007.
B. Reviewed and discussed Pearland Economic Development Corporation Investment Report for
the period ending June 30, 2007.
V. Executive Director's Report: Executive Director Fred Welch commented on the recent job fair
hosted by Bass Pro Shops. He gave an update on the upcoming visit to Frisco.
VI. Public Comments: None
VII. Other Business
EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE
The meeting was adjourned to enter into Executive Session at 6:24 p.m.
1. Section 551.087 — Deliberations Regarding Economic Development Incentives.
The Board reconvened into Open Session at 6:35 p.m.
VIII. New Business
A. Excused Absence: Secretary Lucy Stevener made the motion, seconded by Board Member
Virgil Gant to excuse the following absences:
Board Member Virgil Gant from the Regular Meeting of June 25, 2007; Vice Chairman George
Sandars, Board Member Katheleen Hartin, and Board Member Gary Idoux from the Public
Hearing of July 23, 2007; Vice Chairman George Sandars and Board Member Katheleen Hartin
from the Special Meeting of July 23, 2007.
Motion Passed: 6 - 0
B. Pearland Area Chamber of Commerce Quarterly Report: President Carol Artz presented a
report to the board. Report submitted to file.
C. Economic Development Incentives: Board Member Virgil Gant made the motion, seconded by
Board Member Katheleen Hartin to approve Economic Development Incentives to Prospect
#0714 in the amount of $150,000.00, to be awarded in three equal installments.
Motion Passed: 6 - 0
Minutes of a Regular Meeting
July 30, 2007
Page 3
IX. Adjournment: Vice Chairman George Sandars made the motion, seconded by Board Member
Katheleen Hartin to adjourn the meeting.
Motion Passed: 6 — 0
Time: 6:37 p.m.
Minutes approved as submitted and/or corrected this _
L , A.D., 2007.
y Ferguson
ATTEST:
J,,I'*Lucy7Stei"ner, Secretary
day of