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2008-12-15 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 15, 2008 AT 5:00 P.M., CONFERENCE ROOM, 2947 BROADWAY STREET, PEARLAND, TEXAS. CITY COUNCIL MEMBERS MAY ALSO BE ATTENDING. I. Call to order The meeting was called to order at 5:04 p.m. with the following present: BOARD MEMBERS Chairman George Sandars Vice Chairman Ed Thompson Secretary Lucy Stevener Board Member Virgil Gant Board Member Gary Idoux Board Member David Stedman Not in attendance: Due to a conflict in schedule, Board Member Katheleen Hartin was unable to attend the meeting. EX -OFFICIO MEMBERS Chamber of Commerce Carol Artz STAFF MEMBERS Fred Welch Kyler Cole JAN 2 7 2009 LO CITY OF PEARLAND CITY SECRETARY'S OFFICE Minutes of a Regular Meeting December 15, 2008 Page 2 Approval of Minutes: Board Member Virgil Gant made the motion, seconded by Board Member Gary Idoux to approve the minute of the Regular Meeting of November 24, 2008. Motion Passed: 6 - 0 III. Board Member Reports: Board Member David Stedman attended the CoreNet conference. Vice Chairman Ed Thompson attended the Northern Brazoria County Education Alliance board meeting and the Chamber of Commerce Past Chairman's reception. Secretary Lucy Stevener also attended the Past Chairman's reception. Chairman George Sandars attended a meeting of the business owners on Business Center Drive. IV. Executive Director's Report: Executive Director Fred Welch attended the Area Development's Consultants Forum in Arizona. He stated that the sales tax figures from the holiday season will be available in February. V. Public Comments: VI. New Business A. Remove From Table: Board Member David Stedman made the motion to remove from table, seconded by Vice Chairman Ed Thompson, the Pearland Area Chamber of Commerce Business Commerce Business Retention and Marketing Plan. Motion Passed: 6 - 0 B. Pearland Area Chamber of Commerce Business Retention and Marketing Plan: Vice Chairman Ed Thompson made the motion, seconded by Secretary Lucy Stevener to approve the Pearland Area Chamber of Commerce Business Retention and Marketing Plan with amendments as per discussion. Motion Passed: 6 - 0 VII. Other Business EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE The meeting was adjourned to enter into Executive Session at 6:20 p.m. 1. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT INCENTIVES The Board reconvened into Open Session at 6:56 p.m. New Business continued: C. Economic Development Incentives — Prospect #0727: No action was taken. D. Economic Development Incentives — Prospect #0817: Board Member Virgil Gant made the motion, seconded by Board Member David Stedman to approve an economic development incentive for Prospect #0817 to extend a water line in an amount not to exceed $300,000.00, motion to include obtaining a cost estimate for a sewer line. Motion Passed: 6 - 0 Minutes of a Regular Meeting December 15, 2008 Page 2 VIII. Adjournment: Minutes approved as submitted and/or ,TAlvUk[A("? , A. D., 20ft,2-00q ATTEST: corrected this i IT 1A day of Geofge Sandars, Chairman Ludy S evener, Secretary