2010-07-22 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 TO BE HELD THURSDAY,
JULY 22, 2010, 5:00 P.M., CONFERENCE ROOM, PEDC OFFICE, 2947 BROADWAY STREET,
PEARLAND, TEXAS.
Call to order
The meeting was called to order at 5:07 p.m
BOARD MEMBERS
President
Vacant
Vice President
Charles Gooden, Jr.
Secretary
Lucy Stevener
Board Member
Kurt Evenson
Board Member
Gary Idoux
Board Member
Mike O'Day
Board Member
Rushi Patel
EX -OFFICIO MEMBERS
City of Pearland Mayor Tom Reid
City of Pearland Bill Eisen
Pearland Chamber of Commerce Carol Artz
STAFF MEMBERS
Matt Buchanan
Ramon Lozano
Kyler Cole
Jenny Brannon
Janice Vega
Minutes of a Regular Meeting
July 22, 2010
Page 2
Approval of Minutes: Board Member Patel made a motion, seconded by Board Member Evenson to
approve the minutes of the Regular Meeting of June 24, 2010.
Motion Passed: 6 - 0
III. Public Comments: None
IV. Financial Report
A. Monthly Financial Report ending May 31, 2010: Director of Finance Claire Bogard gave a
summary of the financial report. Report submitted to file.
Board Member Evenson made a motion, seconded by Board Member Patel to suspend the rules and
move Item VI out of order to address unfinished business.
Motion Passed: 6 - 0
VI. Unfinished Business
A. Fiscal Year 2010/2011 PEDC Budget: Board Member Evenson made a motion, seconded by
Board Member Idoux to amend the FY 2010/2011 PEDC Budget to reduce the New Industry
Incentive line item by $1.2M.
Motion Passed: 5 — 1
Ayes: Gooden, Stevener, Evenson, Idoux, O'Day
Noes: Patel
Board Member Patel made a motion, seconded by Vice President Gooden to amend the FY
2010/2011 Budget to $180,000, removing the previously added $30,000, from the Contract
Services/Workforce Training line item.
Motion Denied: 2 - 4
Ayes: Gooden, Patel
Noes: Stevener, Evenson, Idoux, O'Day
Motion on the table to approve the FY 2010/2011 PEDC Budget as amended.
Motion Passed: 5 — 1
Ayes: Gooden Stevener, Evenson, Idoux, O'Day
Noes: Patel
V. New Business
A. Excuse Absence: Board Member Idoux made the motion, seconded by Board Member
O'Day to excuse the absence of Secretary Stevener from the meeting of June 24, 2010.
Motion Passed: 5 - 0
Abstained: Stevener
B. BizConnect Quarterly Report: President Carol Ar1z of the Pearland Chamber of Commerce
gave the report. Report submitted to file.
C. Alvin Community College Report: Joy Weiner and Gregg Albritton of Alvin Community
College gave a report on workforce training efforts by Alvin Community College — Pearland
campus. Report submitted to file.
D. PEDC logo: Board Member O'Day made a motion, seconded by Secretary Stevener to
approve the new PEDC logo as presented.
Motion Passed: 6 - 0
E. Monthly Activity Report: Executive Director Matt Buchanan summarized various ongoing
projects. Report submitted to file.
Minutes of a Regular Meeting
July 22, 2010
Page 3
The meeting was temporarily adjourned at 6:25 p.m.
The meeting convened at 6:39 p.m.
VII. Other Business
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 6:40 p.m.
1. Section 551.087 — Deliberations Regarding
Economic
Development Negotiations —
Update on Business Attraction/Retention Projects
2. Section 551.087 — Deliberations Regarding
Economic
Development Negotiations —
Prospect #0905
3. Section 551.087 — Deliberations Regarding
Economic
Development Negotiations —
Prospect #1010
4. Section 551.087 — Deliberations Regarding
Economic
Development Negotiations —
Prospect #1011
The Board reconvened into Open Session at 7:44 p.m.
New Business Continued:
F. Economic Development Negotiations — Business Attraction/Retention Projects: No action
was taken.
G. Economic Development Negotiations — Prospect #0905
H. Economic Development Negotiations — Prospect #1010
I. Economic Development Negotiations — Prospect #1011
Items G, H, and I: Vice President Gooden made a motion, seconded by Board Member
Idoux to approve the Executive Director entering into separate retention agreements with
Prospect #0905, #1010, and #1011 to cover impact, connection and pro rata fees for
connecting to City of Pearland public utilities, with the stipulation that the companies will be
reimbursed after paying all fees due to the City of Pearland and connecting to the utilities
within twelve months of today's date, July 22, 2010. Fees will be paid and assessed at
today's rates. Companies must maintain operations and retain current employee numbers for
two years.
Motion Passed: 6 - 0
VI. Adjournment: The meeting was adjourned at 7:46 p.m.
Minutes approved as submitted and/or corrected this JD T4 day of
I QuU , A.D., 2010.
ATTEST
c --
Charles
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Charles Gooden, Jr., Vi(e President