2009-06-08 PEARLAND ECONOMIC DEVELOPMENT CORPORATION SPECIAL MEETING MINUTESMINUTES OF A SPECIAL MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION
("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS HELD MONDAY, JUNE 8, 2009
AT 12:00 P.M., CONFERENCE ROOM, 2947 BROADWAY STREET, PEARLAND, TEXAS.
Call to order
The meeting was called to order at 12:06 p.m. with the following present:
BOARD MEMBERS
Chairman George Sandars
Vice Chairman Ed Thompson
Secretary Lucy Stevener
Board Member Gary Idoux
Not in attendance: Due to a conflict in schedule, Board Member David Stedman was unable to
attend the meeting.
STAFF MEMBERS
Fred Welch
Rambn Lozano
Jenny Brannon
Janice Vega
Minutes of a Regular Meeting
June 8, 2009
Page 2
II. Purpose of the Meeting:
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 12:07 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 9:50 p.m.
New Business:
1. Economic Development Incentives for Prospect #0908: Vice Chairman Ed Thompson
made the motion, seconded by Board Member Gary Idoux to authorize the Chairman of
the Board and the Executive Director to execute a job creation agreement and lease
agreement with Prospect #0908, upon approval by the City Council.
Motion Passed: 4 — 0
Second Motion: Vice Chairman Ed Thompson made the motion, seconded by Secretary
Lucy Stevener to authorize the Chairman of the Board and the Executive Director to
negotiate the design build -out documents with Linbeck Construction.
Motion Passed: 4 - 0
2. Economic Development Incentives for Prospect #0910: No action was taken.
III. Adjournment
Time: 1:14 p.m.
Minutes approved as submitted and/or corrected thisday of
�TLk 0 l_ , A.D., 2009.
ATTEST:
I
orge Sandars, Chairman