2011-03-31 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, MARCH 31, 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 5:06 p.m.
BOARD MEMBERS
Chair
Charles Gooden, Jr.
Vice Chair
Gary Idoux
Secretary
Lucy Stevener
Board Member
Jim Burnett
Board Member
Mike O'Day
Board Member
Rushi Patel
EX -OFFICIO MEMBERS
Pearland Chamber of Commerce Carol Artz
STAFF MEMBERS
Matt Buchanan
Ramon Lozano
Kyler Cole
Janice Vega
CITY OF PEARLAND STAFF MEMBERS
Claire Bogard
Darrin Coker
Minutes of a Regular Meeting
March 31, 2011
Page 2
II. Approval of Minutes: Vice Chair Idoux made the motion, seconded by Secretary Stevener to approve the
minutes of the Regular Meeting of March 2, 2011.
Motion Passed: 5 - 0
Ill. Public Comments: None
IV. Financial Report
A. Monthly Financial Report ending January 31, 2010: Director of Finance Claire Bogard gave a
summary of the report.
Board Member O'Day arrived at the meeting at 5:09 p.m.
V. New Business
A. Excused Absence: Vice Chair Idoux made the motion, seconded by Board Member Burnett to excuse
the absence of Board Member O'Day from the Regular Meeting of March 2, 2011.
Motion Passed: 5-0
Abstained: O'Day
B. 14740 Kirby Drive — Equipment Reimbursement: Board Member Patel made the motion, seconded
by Secretary Stevener to approve a payment in the amount of $24,379 to Linbeck for the humidity
control equipment.
Motion Passed: 6-0
C. 2010-11 Program of Work: President Buchanan gave an update on the progress of the 2010-11
Program of Work.
D. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to
file.
The meeting temporarily adjourned at 5:52p.m.
The meeting reconvened at 6:02p.m.
VI. Other Business
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 6:02 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
#1101.
4. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#0727.
5. Section 551.071— Consultation with City Attorney Regarding Potential Litigation.
Minutes of a Regular Meeting
March 31, 2011
Page 3
The Board reconvened into Open Session at 7:18 p.m.
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 #1101: No action was taken.
H. Economic Development Negotiations — Prospect #0727: No action was taken.
Board Member O'Day excused himself from the discussion on Item 5 in Executive Session and from the
vote on Item I.
L Consultation with City Attorney regarding Potential Litigation: Board Member Burnett made the
motion, seconded by Secretary Stevener to authorize a settlement as described by the City Attorney
in Executive Session.
Motion Passed: 5 - 0
VII. Adjournment: The meeting was adjourned at 7:19 p.m.
Minutes approved as submitted and/or corrected this _
2011.
day of 4 Pr I L . A.D.,