2009-12-14 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, DECEMBER
14, 2009 AT 5:00 P.M., CONFERENCE ROOM, PEDC OFFICE, 2947 BROADWAY, PEARLAND, TEXAS.
I. Call to order
The meeting was called to order at 5:21 p.m. with the following present:
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Vice President
Ed Thompson
Vice President
Charles Gooden, Jr.
Secretary
Lucy Stevener
Board Member
Kurt EWenson
Board Member
Gary Idoux
Board Member
Mike O'Day
Board Member
Rush! Pate[
EX -OFFICIO MEMBERS
City of Pearland Bill Eisen
Pearland Chamber of Commerce Carol Artz
STAFF MEMBERS
Ramon Lozano
Kyler Cale
Jenny Brannon
Janice Vega
Minutes of a Regular Meeting
December 14, 2009
Page 2
At the President's request and the Board's concurrence, Item 1 under Other Business was moved up on the
agenda.
II. Other Business
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 5:22 p.m.
1. Section 551.074 — Personnel Matters — Executive Director Position.
The Board reconvened into Open Session at 6:20 p.m.
III. Approval of Minutes: Vice President Charles Gooden made the motion, seconded by Secretary Lucy
Stevener to approve the minutes of the Regular Meeting of November 23, 2009.
Motion Passed: 7 - 0
IV. Director's Report: No report
V. Financial Report: Director of Finance Claire Bogard gave the monthly financial report for the period
ending October 31, 2009.
VI. Public Comments: None
VII. New Business
A. Bond Sale — Schedule of Events: Director of Finance Claire Bogard and representatives with
RBC Capital Markets reported to the board. The board gave the Director of Finance
direction to increase the bond issue from $8.5 million to $9.5 million.
B. Pearland Chamber of Commerce Contract: Vice President Charles Gooden made the
motion, seconded by Board Member Gary Idoux to remove the item from the table.
Secretary Lucy Stevener made the motion, seconded by Board Member Mike O'Day to
approve the contract of services with the Pearland Chamber of Commerce.
Motion Passed: 7 - 0
C. Workforce Gap Analysis Study: No action was taken.
D. Marketing RFP Update: No action was taken.
Other Business continued
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 8:31 p.m.
2. Section 551.087 — Deliberations Regarding Economic Development Incentives —
Prospect #0916.
New Business Continued:
E. Executive Director Position: No action was taken.
F. Economic Development Incentives — Prospect #0916: No action was taken.
Minutes of a Regular Meeting
December 14, 2009
Page 3
VIII. Adjournment: Vice President Charles Gooden made the motion to adjourn the meeting.
Motion Passed: 7 — 0
Time: 8:50 p.m.
Min -rtes approved as submitted and/or corrected this J-5 T�� day of
Ante
A.D., 2010.
ATTEST:
d Thompson, President