2007-11-19 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, NOVEMBER 19, 2007 AT 5:00 P.M., 2ND FLOOR CONFERENCE ROOM, CITY HALL, 3519
LIBERTY DRIVE, PEARLAND, TEXAS. CITY COUNCIL MEMBERS MAY ALSO BE ATTENDING.
I. Call to order
The meeting was called to order at 5:25 p.m. with the following present:
BOARD MEMBERS
Vice Chairman
George Sandars
Secretary
Lucy Stevener
Board Member
Virgil Gant
Board Member
Katheleen Hartin
Board Member Gary Idoux
Board Member David Stedman
Board Member Ed Thompson
EX -OFFICIO MEMBERS
City of Pearland Bill Eisen
City of Pearland Mayor Tom Reid
Chamber of Commerce Carol Artz
STAFF MEMBERS
Fred Welch
Gregg Albritton
Ramon Lozano
Janice Vega
Minutes of a Regular Meeting
November 19, 2007
Page 2
II. Approval of Minutes: Board Member Gary Idoux made the motion, seconded by Board Member
Ed Thompson to approve the minutes of the Special and Regular Meetings of October 15, 2007,
Motion Passed: 7 - 0
Ill. Board Member Reports:
Virgil Gant — Attended the Chamber of Commerce monthly luncheon
Katheleen Hartin — Attended the HEB grand opening
Gary Idoux — Attended the Chamber of Commerce monthly luncheon and the HEB grand opening
George Sandars — Attended the Chamber of Commerce monthly luncheon
Lucy Stevener - Attended the Chamber of Commerce monthly luncheon
IV. Monthly Financial Report
Reviewed the Pearland Economic Development Corporation Financial Report for the period ending
September 30, 2007.
V. Executive Director's Report: Fred Welch introduced new PEDC employee, Ramon Lozano. An
update on current projects was presented to the Board.
VI. Public Comments: None
At the Chairman's request and the Board's concurrence, Items A and B under New Business were moved up
on the agenda.
A. Report: President Jan Lawler of the Economic Alliance Houston Port Region gave a report on
the Alliance's past year.
B. Pearland Area Chamber of Commerce Contract: Board Member David Stedman made the
motion, seconded by Secretary Lucy Stevener to table the item.
Motion Passed: 7 - 0
VII. Other Business:
EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE
The meeting was adjourned to enter into Executive Session at 6:16 p.m.
Section 551.087 — Deliberations Regarding Economic Development Incentives.
The Board reconvened into Open Session at 8:00 p.m.
Vlll. New Business
C. Economic Development Incentives: Board Member Ed Thompson made the motion, seconded
by Board Member David Stedman to approve an Economic Development Incentive grant in the
amount of $100,000.00 to Prospect #0722 according to the provisions that will be outlined in an
agreement regarding the addition of 30 new employees within a 24 month period.
D. Economic Development Incentives: Board Member Virgil Gant made the motion, seconded by
Board Member Katheleen Hartin to table the item regarding economic development incentives for
Prospect #0727.
Motion Passed: 7 — 0
Minutes of a Regular Meeting
November 19, 2007
Page 3
E. Election of Officers:
Board Member Virgil Gant made the motion, seconded by Board Member Gary Idoux to elect
George Sandars as Chairman.
Motion Passed: 6 — 0
Board Member Gary Idoux made the motion, seconded by Board Member David Stedman to
elect Ed Thompson as Vice Chairman.
Motion Passed: 6 — 0
Board Member Virgil Gant made the motion, seconded by Board Member Ed Thompson to elect
Lucy Stevener as Secretary.
Motion Passed: 6 - 0
IX. Adjournment: Board Member David Stedman made the motion, seconded by Board Member
Gary Idoux to adjourn the meeting.
Motion Passed: 7 — 0
Time: 8:11 p.m.
Minutes approved as submitted and/or corrected this 1 Q T N day of
LIL , A.D., 2007.
_/2
G orge Sandars, Chairman
ATTEST: