2007-12-10 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, DECEMBER 10, 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 5:00 p.m. with the following present:
BOARD MEMBERS
Chairman George Sandars
Vice Chairman Ed Thompson
Secretary Lucy Stevener
Board Member Katheleen Hartin
Board Member Gary Idoux
Board Member David Stedman
SCANNED
MAR 0 5 2008
CITY SECRETARY
OFFICE
Due to a conflict in schedule, Board Member Virgil Gant was unable to attend the meeting.
EX -OFFICIO MEMBERS
City of Pearland
City of Pearland
Chamber of Commerce
STAFF MEMBERS
Fred Welch
Gregg Albritton
Ramon Lozano
Janice Vega
Bill Eisen
Mayor Tom Reid
Carol Artz
Minutes of a Regular Meeting
December 10, 2007
Page 2
Approval of Minutes: Secretary Lucy Stevener made the motion, seconded by Board Member
Gary Idoux to approve the minutes of the Regular Meeting of November 19, 2007.
Motion Passed: 6 - 0
III. Board Member Reports:
Katheleen Hartin — Attended University of Houston event
George Sandars — Attended a meeting with State Representative Mike O'Day regarding workforce
training. Also attended a prospect meeting.
David Stedman — Announcement regarding the 2008 Action Summit with Congressman Nick
Lampson.
IV. Monthly Financial Report: Reviewed and discussed Pearland Economic Development Corporation
Financial Report for the period ending October 31, 2007.
V. Executive Director's Report: Executive Director Fred Welch reported on a prospect visit on
December 4, 2007. The prospect came to the PEDC through the Greater Houston Partnership. On
Friday, December 14th, PEDC staff will travel to Louisiana to visit a firm interested in moving their
manufacturing facility to Texas.
VI. Public Comments: None
VII. Other Business
EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE
The meeting was adjourned to enter into Executive Session at 5:47 p.m.
1. SECTION 551.087 — Deliberations Regarding Economic Development Incentives.
The Board reconvened into Open Session at 7:01 p.m.
VIII. New Business
A. Contract with Pearland Area Chamber of Commerce: Board Member David Stedman made the
motion, seconded by Board Member Katheleen Hartin to remove from table the contract with the
Pearland Area Chamber of Commerce.
Motion Passed: 6 - 0
B. Contract with Pearland Area Chamber of Commerce: Board Member David Stedman made the
motion, seconded by Board Member Katheleen Hartin to approve a two year contract with the
Pearland Area Chamber of Commerce to include a 5% increase in payment in year one and an
additional 5% in year two.
C. Economic Development Incentives: Vice Chairman Ed Thompson made the motion, seconded
by Board Member David Stedman to remove from table the economic development incentives for
Prospect #0727.
Motion Passed: 6 - 0
Minutes of a Regular Meeting
December 10, 2007
Page 3
D. Economic Development Incentives: Vice Chairman Ed Thompson made the motion, seconded
by Secretary Lucy Stevener to approve an economic development incentive grant for Prospect
#0727 in the amount of $300,000.00. The grant to be paid in three phases of $100,000.00 each
upon completion of each of the three building phases. In addition, a second lien would be
required on the property. The total project to be completed within five years of the start of
construction.
Motion Passed: 5 — 0
Abstained: 1 (Gary Idoux)
E. Economic Development Incentives: Vice Chairman Ed Thompson made the motion, seconded
by Board Member Katheleen Hartin to approve an economic development incentive grant to
Prospect #0715 to assist in locating a fire hydrant on the property at a reimbursement cost up to
$40,000.00
Motion Passed: 6 - 0
F. Old Town Site Coordinator: Board Member David Stedman made the motion, seconded by
Board Member Katheleen Hartin to advise Executive Director Fred Welch to move forward with
the hiring process for an Old Town Site Coordinator. Position to be initially funded between the
City of Pearland and the PEDC to arrive at a salary up to $65,000.00.
Motion Passed: 5 - 1
G. PEDC Meetings — Day/Time: The PEDC meetings will remain on the fourth Monday of each
month at 5:00 p.m.
IX. Adjournment: Board Member Gary Idoux made the motion, seconded by Vice Chairman Ed
Thompson to adjourn the meeting.
Motion Passed: 6 - 0
Minutes approved as submitted and/or corrected this
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