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2008-02-25 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, FEBRUARY 25, 2008 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 Member David Stedman arrived at 5:05 p.m.) BOARD MEMBERS Chairman George Sandars Vice Chairman Ed Thompson Secretary Lucy Stevener Board Member Katheleen Hartin Board Member Gary Idoux Board Member David Stedman Not in attendance: 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 Kyler Cole Ramon Lozano Janice Vega Bill Eisen Mayor Tom Reid Carol Artz Minutes of a Regular Meeting February 25, 2008 Page 2 II. Approval of Minutes: Board Member Gary Idoux made the motion, seconded by Vice Chairman Ed Thompson to approve the minutes of the Regular Meeting of January 28, 2008. Motion Passed: 5 - 0 At the Chairman's request and the Board's concurrence, the Executive Session was moved up on the agenda. VII. Other Business EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE The meeting was adjourned to enter into Executive Session at 5:01 p.m. 1. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT INCENTIVES. The Board reconvened into Open Session at 5:18 p.m. III. Board Member Reports: Board Members Gary Idoux, Lucy Stevener and David Stedman attended the monthly Chamber of Commerce luncheon. IV. Monthly Financial Report: A. Reviewed and discussed Pearland Economic Development Corporation Financial Statement for the period ending January 31, 2008. V. Executive Director's Report: Executive Director Fred Welch gave an update on a recent legislative visit to Washington, D.C. VI. Public Comments: Pearland Area Chamber of Commerce President, Carol Artz, updated the board on the plans for Pearland Day in Austin. VIII. New Business A. Economic Development Incentives — Prospect #0803: No action was taken. B. Dare to Excel Scholarship: No action was taken. C. Motion to remove from table — Marketing Update: Board Member David Stedman made the motion, seconded by Secretary Lucy Stevener to remove item from table. Motion Passed: 6 - 0 D. Marketing Update: Director of Business Development Ramon Lozano presented the board with an update. Report submitted to file. Secretary Lucy Stevener left the meeting at 5:50 p.m. E. Staff and board retreat summary: Executive Director Fred Welch presented the board with a summary. Report submitted to file. F. Calendar of Events: The board received a calendar of planned events that staff will participating in. Minutes of a Regular Meeting February 25, 2008 Page 3 IX. Adjournment: Vice Chairman Ed Thompson made the motion, seconded by Board Member Katheleen Hartin. Motion Passed: 5 — 0 Time: 6:00 p.m. MinuMkc approved as submitted , A.D., 2008. and/or corrected this -Z- _T h day of