2009-03-30 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, MARCH 30,
2009 AT 5:00 P.M., CONFERENCE ROOM, 2947 BROADWAY STREET, PEARLAND, TEXAS.
I. Call to order
The meeting was called to order at 5:02 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
City of Pearland Bill Eisen
Pearland Area Chamber
of Commerce Carol Artz
STAFF MEMBERS
Fred Welch
Kyler Cole
Jenny Brannon
Janice Vega
Minutes of a Regular Meeting
March 30, 2009
Page 2
IL Approval of Minutes: Board Member David Stedman made the motion, seconded by Board
Member Gary Idoux to approve the minutes of the Regular Meeting of February 13, 2009.
Motion Passed: 6 - 0
III. Board Member Reports: Chairman George Sandars attended the monthly Chamber of Commerce
luncheon and a PEDC prospect meeting. Vice Chairman Ed Thompson attended the prospect
meeting, Pearland Day and Brazoria County Day in Austin. Secretary Lucy Stevener attended the
Dare to Excel luncheon. Board Member Gary Idoux attended the monthly Chamber of Commerce
luncheon, Brazoria County Day in Austin and the Dare to Excel luncheon.
IV. Monthly Financial Report: Assistant Director of Finance Rick Overgaard gave a report on the
Financial Statements for the months ending January 31, 2009 and February 28, 2009.
V. Executive Director's Report: Executive Director Fred Welch reported that Board Member Katheleen
Harlin will be submitting a letter of resignation from the PEDC board. Ramon Lozano is out of the
country attending the BioMedica conference.
Vl. Public Comments: Gary Bucek gave an update on the Pearland Area Chamber of Commerce new
building.
Ginoven Performance Biopolymers gave a presentation on their company.
VII. New Business
A. Update from the Economic Alliance Houston Port Region: No report was given.
B. Excused Absence: Board Member Gary Idoux made the motion, seconded by Secretary Lucy
Stevener to excuse the absence of Board Member Katheleen Harlin from the Regular Meeting of
February 13, 2009.
Motion Passed: 6 - 0
C. Contract with the Northern Brazoria County Education Alliance: Board Member David Stedman
made the motion, seconded by Board Member Virgil Gant to approve the contract with the
Northern Brazoria County Education Alliance with the addition of the goals sheet.
Motion Passed: 6 - 0
D. Street Lights on Industrial Drive: Vice Chairman Ed Thompson made the motion, seconded by
Board Member Virgil Gant to approve the expenditure of $11,042.00 to complete the installation
of street lights on Industrial Drive.
Motion Passed: 6 - 0
E. Budget Amendment: Board Member David Stedman made the motion, seconded by Secretary
Lucy Stevener to transfer $200,000.00 in funds from the east side water and sewer project to a
project on the west side of 288 running from Promenade Shops Drive south to Waterl-ights Blvd.
east to SH 288; and transfer $150,000.00 from PEDC reserve funds to pay for the engineering
and design for the water and sewer extension on Hooper/Riley Road.
VIII. Other Business
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 6:30 p.m.
Section 551.087 — Deliberations Regarding Economic Development
Incentives
The Board reconvened into Open Session at 7:06 p.m.
Minutes of a Regular Meeting
March 30, 2009
Page 3
New Business Continued:
F. Economic Development Incentives — Prospect #0908: Board Member David Stedman made the
motion, seconded by Board Member Virgil Gant to executive a development agreement with the
prospect, then move forward purchasing the property for the 80,000 sq. ft. facility and execute
the appropriate lease agreement and financing arrangements.
Motion Passed: 6 - 0
G. Economic Development Incentives — Prospect #0909: Board Member Virgil Gant made the
motion, seconded by Secretary Lucy Stevener to approve $93,000.00 for the completion of a
project on Magnolia for Prospect #0909.
Motion Passed: 6 — 0
H. Highway 288 Water and Sewer Project: Included in action taken on Item E.
Ix. Adjournment: Board Member David Stedman made the motion, seconded by Secretary Lucy
Stevener to adjourn the meeting.
Motion Passed 6 — 0
Time: 7: 08 p.m.
minutes approved as submitted and/or corrected this ' K day of
A.D., 2009.
e Sandars, Chairman
ATTEST:�2
Lucy Stevener, Secretary