2009-02-13 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 FRIDAY, FEBRUARY 13,
2009 AT 8:30 A.M., HAMPTON INN, 6515 W. BROADWAY, PEARLAND, TEXAS.
I. Call to order
The meeting was called to order at 10:40 a.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
Pearland Area Chamber
of Commerce
STAFF MEMBERS
Fred Welch
Ramon Lozano
Kyler Cole
Jenny Brannon
Janice Vega
Carol Artz
Minutes of a Regular Meeting
February 13, 2009
Page 2
II. Approval of Minutes: Vice Chairman Ed Thompson made the motion, seconded by Secretary Lucy
Stevener to approve the minutes of the Regular Meeting of January19, 2009.
Motion Passed: 6 - 0
III. Board Member Reports: Chairman George Sandars attended the Chamber of Commerce annual
banquet. Vice Chairman Ed Thompson attended the Chamber banquet and the NBCEA board
meeting. Secretary Lucy Stevener also attended the Chamber banquet. Board Member Gary Idoux
attended the Bay Area Transportation luncheon. Board Member David Stedman commented on the
Dow Chemical layoffs and the committee assignments in Austin.
IV. Monthly Financial Reports: Director of Finance, Claire Bogard gave a report for the period ending
December 31, 2008.
V. Executive Director's Report: Executive Director Fred Welch commented on upcoming Pearland Day
in Austin, Brazoria County Day, and a site selection visit.
Vl. Public Comments: None
VII. New Business
A. Excused Absence: Vice Chairman Ed Thompson made the motion, seconded by Secretary Lucy
Stevener to excuse the absence of Board Members Katheleen Hartin and David Stedman from
the regular meeting of January 19, 2009.
Motion Passed: 5 — 0
Abstained: 1
B. Quarterly Report from the Pearland Area Chamber of Commerce: President, Carol Artz, gave a
quarterly report.
C. Proposed incentive policy for targeted industries and development areas in the City of Pearland:
Vice Chairman Ed Thompson made the motion, seconded by Board Member David Stedman to
table the item.
Motion Passed: 6 - 0
D. Resolution: Board Member David Stedman made the motion, seconded by Board Member Gary
Idoux to authorize a resolution in support of workforce training.
Motion Passed: 6 - 0
VIII. Other Business
EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE
The meeting was adjourned to enter into Executive Session at 11:26 a.m.
1. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC
DEVELOPMENT INCENTIVES
The Board reconvened into Open Session at 11:52 a.m.
Minutes of a Regular Meeting
February 13, 2009
Page 3
NEW BUSINESS CONTINUED:
E. Economic Development Incentives for Prospect #0903: Vice Chairman made the motion,
seconded by Board Member Virgil Gant to approve an incentive grant in the amount of
$45,000.00 upon receipt of certificate of occupancy with 18 initial employees. Pearland
Economic Development Corporation will authorize $1,500.00/employee over a 3 year period, not
to exceed 30 new employees.
Motion Passed: 6 - 0
Economic Development Incentives for Prospect #0908: Board Member David Stedman made
the motion, seconded by Vice Chairman Ed Thompson to advise Chairman and Executive
Director of the PEDC to offer a letter of intent for up to $4M. Incentive tied to the company
reaching 250 employees and a capital investment of $11 M. PEDC will provide $25,000.00 to
property under contract if the terms and conditions as discussed are met. An added incentive
will be provided for additional employees over the 250 mark.
Motion Passed: 6 - 0
IX. Adjournment:
Time: 11:55 a.m.
Minutes approved as submitted
N1 a 2 1t , A.D., 2009.
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Geor Sandars, Chairman
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