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2009-05-11 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, MAY 11, 2009 AT 5:00 P.M., CONFERENCE ROOM, 2947 BROADWAY STREET, PEARLAND, TEXAS. Call to order The meeting was called to order at 5:05 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 STAFF MEMBERS Fred Welch Ramon Lozano Kyler Cole Janice Vega Minutes of a Regular Meeting May 11, 2009 Page 2 II. Board Member Reports: Chairman George Sandars attended the awards breakfast at the TEDC conference. Vice Chairman Ed Thompson also attended the awards breakfast and the PEDC Broker Day. Board Member Virgil Gant attended the Nano Tech conference in Houston and announced that, due to being elected to the P.I.S.D. school board, he would be resigning from the PEDC board. Board Member Gary Idoux attended the PEDC Broker Day. III. Executive Director's Report: Executive Director Fred Welch reported that staff would be attending four major marketing events this month. He also commented on the tour of the ZT building. IV. Public Comments: None V. New Business A. Annual Update from the Economic Development Alliance Houston Port Region: Executive Director Jan Lawler gave a report. Report submitted to file. B. Architectural Technical Assistance - Old Town Site: Board Member David Stedman made the motion, seconded by Board Member Gary Idoux to approve a contract for architectural technical assistance for the old town site area for fifteen contract hours per month at the rate of $1,125.00 per month. Motion Passed: 6 - 0 C. Market Survey for a Public Facility: Board Member Virgil Gant made the motion, seconded by Board Member David Stedman to approve a contract for the scope of work to Stainback Public/Private Real Estate for the public facility market survey and real estate analysis in the amount of $35,750.00. Motion Passed: 6 - 0 D. Audio Visual Equipment for CVB and Chamber of Commerce: No action was taken. E. Incentive Policy: Board Member Virgil Gant made the motion, seconded by Secretary Lucy Stevener to create the concept of the Old Town Site Incentive Policy based on the structure outlined in the draft policy presented and funds budgeted in the next fiscal year. Motion Passed: 6 - 0 VI. Other Business Executive Session Under Texas Government Code The meeting was adjourned to enter into Executive Session at 6:52 p.m. 1. Section 551.087 — Deliberations Regarding Economic Development Incentives — Prospect #0908 2. Section 551.087 — Deliberations Regarding Economic Development Incentives — Prospect #0910 The Board reconvened into Open Session at 7:25 p.m. New Business Continued: F. Economic Development Incentives — Prospect #0908: No action was taken. G. Economic Development Incentives —Prospect #0910: No action was taken.