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2009-10-19 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, OCTOBER 19, 2009 AT 9:00 A.M., CONFERENCE ROOM, PEDC OFFICE, 2947 BROADWAY, PEARLAND, TEXAS. I. Call to order The meeting was called to order at 9:06 a.m. with the following present: BOARD MEMBERS President Vice President Secretary Board Member George Sandars Ed Thompson Lucy Stevener Gary Idoux EX -OFFICIO MEMBERS City of Pearland Bill Eisen Pearland Chamber of Commerce Carol Artz STAFF MEMBERS Fred Welch Ramon Lozano Kyler Cole Jenny Brannon Janice Vega Minutes of a Regular Meeting October 19, 2009 Page 2 IL Approval of Minutes: Secretary Lucy Stevener made the motion, seconded by Vice President Ed Thompson to approve the minutes of the Regular Meeting of September 28, 2009. Motion Passed: 4 — 0 III. Executive Director's Report: Executive Director Fred Welch reported that the new fiscal year has begun. He provided an update on the CSI project. IV. New Business A. Pearland Chamber of Commerce Report: President Carol Ariz provided an updated report. B. Business Retention and Expansion Program 2010 Plan: Vice President Ed Thompson made the motion, seconded by Board Member Gary Idoux to table the item. Motion Passed: 4 - 0 C. Remove from Table — Revised Incentive Policy: No action was taken. D. Revised Incentive Policy: No action was taken V. Other Business Executive Session Under Texas Government Code The meeting was adjourned to enter into Executive Session at 9:48 a.m. 1. Section 551.087 — Deliberations Regarding Economic Development Incentives — Prospect #0615. 2. Section 551.087 — Deliberations Regarding Economic Development Incentives — Prospect #0908. 3. Section 551.087 — Deliberations Regarding Economic Development Incentives — Prospect #0914. 4. Section 551.087 — Deliberations Regarding Economic Development Incentives — Prospect#0915. The Board reconvened into Open Session at 10:41 a.m. New Business Continued: E. Economic Development Incentives for Prospect #0615: No action was taken F. Economic Development Incentives for Prospect #0908: Vice President Ed Thompson made the motion, seconded by Board Member Gary Idoux to approve amendment #2 of the contract with Linbeck Construction. Motion Passed: 4 - 0 G. Economic Development Incentives for Prospect #0914: No action was taken H. Economic Development Incentives for Prospect#0915: No action was taken VI. Adjournment Time: 10:43 a.m. Minutes of a Regular Meeting October 19, 2009 Page 3 Minute__s// approved as submitted and/or corrected this /UOdrorv..%c7— , A.D., 2009. ATTEST d Thompson, Vice President day of