2009-07-08 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 WEDNESDAY, JULY 8,
2009, 9:00 A.M., CONFERENCE ROOM, 2947 BROADWAY STREET, PEARLAND, TEXAS.
I. Call to order
The meeting was called to order at 9:06 a.m. with the following present:
BOARD MEMBERS
Chairman George Sandars
Vice Chairman Ed Thompson
Secretary Lucy Stevener
Board Member Helen Beckman
Board Member Gary Idoux
Not in attendance: Due to a conflict in schedule, Board Member David Stedman was unable to
attend the meeting.
EX -OFFICIO MEMBERS
City of Pearland Bill Eisen
STAFF MEMBERS
Fred Welch
Rambn Lozano
Jenny Brannon
Janice Vega
SCANNED
SEP 0 8 2009
CITY SECRETARY
OFFICE
Minutes of a Special Meeting
July 8, 2009
Page 2
II. Purpose of the Meeting:
New Business:
1. Executive Director's Report: Assistant Director Ram6n Lozano gave an update on his
recruitment mission to Germany. Executive Director Fred Welch commented on his
upcoming trip to Viet Nam.
2. Monthly Financial Report: Director of Finance Claire Bogard gave a report on the
Financial Statement for the month ending May 31, 2009.
3. Investment Policy, Strategy, Broker/Dealers: Vice Chairman Ed Thompson made the
motion, seconded by Board Member Gary Idoux to adopt the Investment Policy, Strategy,
Broker/Dealers.
Motion Passed: 5 - 0
4. Review of the Fiscal Year 2009/2010 PEDC Budget and 5 -Year Forecast: Director of
Finance Claire Bogard gave a report.
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 11:09 a.m.
a) Section 551.087 — Deliberations Regarding Economic Development Incentives —
Prospect #0615.
b) Section 551.087 — Deliberations Regarding Economic Development Incentives —
Prospect #0908.
The Board reconvened into Open Session at 11:31 a.m.
New Business Continued:
5. Economic Development Incentives for Prospect #0615: Board Member Gary Idoux
made the motion, seconded by Board Member Helen Beckman to authorize the
Executive Director to allocate up to $10,000.00 for architectural design fees for Prospect
#0615.
Motion Passed: 5 - 0
6. Economic Development Incentives for Prospect #0908: No action was taken.
III. Adjournment
Time: 11:33 a.m.
Minutes approved as submitted and/or corrected this
AU(�ix--i i , A.D., 2009.
ATTEST:
Stevener, Secretary
�ih day of
G orge Sandars, Chairman