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2007-09-24 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, SEPTEMBER 24, 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 5:35 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 (Board Members Virgil Gant and Katheleen Hartin arrived at the meeting at 5:40 p.m.) EX -OFFICIO BOARD MEMBERS City of Pearland Mayor Tom Reid STAFF MEMBERS Fred Welch Gregg Albritton Janice Vega Minutes of a Regular Meeting September 24, 2007 Page 2 Approval of Minutes: Vice Chairman George Sandars made the motion, seconded by Secretary Lucy Stevener to approve the minutes of the Regular Meeting of July 30, 2007, Special Meetings of August 21, 2007, August 28, 2007, and September 10, 2007. Motion Passed: 5 - 0 III. Board Member Reports: Secretary Lucy Stevener attended the Past Chairman's reception hosted by the Pearland Area Chamber of Commerce. Board Member Gary Idoux also9 attended the Past Chairman's reception and the golf tournament. IV. Monthly Financial Report A. Reviewed and discussed Pearland Economic Development Corporation Financial Report for the period ending July 31, 2007. V. Executive Director's Report: Executive Director Fred Welch commented on the meetings being held by the workforce steering committee. VI. Public Comments: Mayor Tom Reid announced that the Brazoria County Tax Abatement Review Board had approved the tax abatement for Texas Honing. VII. Old Business A. Memorandum of Understanding: Vice Chairman George Sandars made the motion, seconded by Secretary Lucy Stevener to authorize Executive Director Fred Welch to sign the Memorandum of Understanding with Prospect #0711. Motion Passed: 4 - 3 VIII. Other Business EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE The meeting was adjourned to enter into Executive Session at 5:55 p.m. 1. Section 551.087 — Deliberations Regarding Economic Development Incentives. The Board reconvened into Open Session at 6:39 p.m. (Board Member Ed Thompson left the meeting at 6:35 p.m.) IX. New Business A. Economic Development Incentives: No action was taken. B. Excused Absence: Vice Chairmen George Sandars made the motion, seconded by Board Member Katheleen Hartin to excuse the absence of Chairman Randy Ferguson and Board Member Virgil Gant from the Special Meeting of August 21, 2007. Motion Passed: 4 — 0 Abstained: 2 Minutes of a Regular Meeting September 24, 2007 Page 3 C. Excused Absence: Secretary Lucy Stevener made the motion, seconded by Vice Chairman George Sandars to excuse the absence of Board Members Virgil and Katheleen Hartin from the Special Meeting of August 28, 2007. Motion Passed: 4 — 0 Abstained: 2 D. Excused Absence: Vice Chairman George Sandars made the motion, seconded by Secretary Lucy Stevener to excuse the absence of Board Member Katheleen Hartin from the Special Meeting of September 10, 2007. Motion Passed: 4 — 0 Abstained: 2 E. Regional Workforce Training Center: No action was taken. F. West Spectrum Water and Wastewater Utilities Study: Vice Chairman George Sandars made the motion, seconded by Board Member Katheleen Hartin to approve funding the study. Motion Passed: 6 - 0 X. Adjournment: The meeting was adjourned at 6:48 p.m. Minutes approved as submitted and/or corrected t QLTDisce , A.D., 2007. y Fe ATTE day of