2011-03-02 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 WEDNESDAY, MARCH 2, 2011, 5:00 P.M., BOARD ROOM,
PEDC OFFICE, 1200 PEARLAND PARKWAY, SUITE 200, PEARLAND, TEXAS.
I. Call to Order
The meeting was called to order at 5:02 p.m.
BOARD MEMBERS
Chair Charles Gooden, Jr.
Vice Chair Gary Idoux
Secretary Lucy Stevener
Board Member Jim Burnett
Board Member Rushi Patel
Due to a conflict, Board Member Mike O'Day was unable to attend the meeting.
EX -OFFICIO MEMBERS
City of Pearland Mayor Tom Reid
Pearland Chamber of Commerce Carol Artz
STAFF MEMBERS
Matt Buchanan
Ramon Lozano
Kyler Cole
Jenny Johnson
Janice Vega
CITY OF PEARLAND STAFF MEMBERS
Claire Bogard
Darrin Coker
�u APR 0 5 2011 `
CITY OF PEARLAND
CITY SECRETARY'S OFFICE
Minutes of a Regular Meeting
March 2, 2011
Page 2
II. Approval of Minutes: Board Member Patel made the motion, seconded by Board Member Burnett to
approve the minutes of the Regular Meeting of January 26, 2011.
Motion Passed: 4 - 0
III. Public Comments: None
IV. Financial Report
A. Monthly Financial Report ending December 31, 2010: Director of Finance Claire Bogard gave a
summary of the report.
B. Quarterly Investment Report: Director of Finance Claire Bogard discussed the Investment Report.
Report submitted to file.
Chair Charles Gooden, Jr. arrived at the meeting at 5:16 p.m.
V. New Business
A. Excused Absence: Vice Chair Idoux made the motion, seconded by Secretary Stevener to excuse the
absence of Board Member O'Day from the Regular Meeting of January 26, 2011.
Motion Passed: 5 - 0
B. 2010 Audit: Board Member Burnett made the motion, seconded by Vice Chair Idoux to accept the
2010 Audit.
Motion Passed: 5 - 0
C. 2011 Meeting Dates: The previously approved 2011 meeting dates were reviewed. No action was
taken
D. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to
file.
The meeting temporarily adjourned at 6:19 p.m.
The meeting reconvened at 6:31 p.m.
VI. Other Business
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 6:31 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
#0615
3. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1011
The Board reconvened into Open Session at 8:00 p.m.
Minutes of a Regular Meeting
March 2, 2011
Page 3
New Business Continued:
E. Economic Development Negotiations — Business Attraction/Retention Projects: No action was taken.
F. Economic Development Negotiations — Prospect #0615: No action was taken.
G. Economic Development Negotiations — Prospect #1011: Vice Chair Idoux made the motion,
seconded by Secretary Stevener to approve President Buchanan to negotiate and enter into the
revised agreement with Prospect #1011 for impact fees, pro -rata cost and connection fees.
Motion Passed: 5 - 0
VII. Adjournment: The meeting was adjourned at 8:01 p.m.
Minutes approved as submitted and/or corrected this
2011.
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