2011-05-19 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 TO BE HELD THURSDAY, MAY 19, 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 Rushi Patel
Due to a conflict in schedule, Board Members Jim Burnett and Mike O'Day were unable to attend the
meeting.
EX -OFFICIO MEMBERS
City of Pearland
Pearland Chamber of Commerce
STAFF MEMBERS
Matt Buchanan
Ramon Lozano
Kyler Cole
Janice Vega
CITY OF PEARLAND STAFF MEMBERS
Claire Bogard
Nghiem Doan
June Ellis
Bill Eisen
Carol Artz-Bucek
Minutes of a Regular Meeting
May 19, 2011
Page 2
II. Approval of Minutes: Board Member Patel made the motion, seconded by Vice Chair Idoux to approve the
Minutes of the Regular Meeting of April 28, 2011.
Motion Passed: 4 - 0
III. Public Comments: None
IV. Financial Report
A. Monthly Financial Report ending March 31, 2011: Director of Finance Claire Bogard gave a summary of
the report.
V. New Business
A. FY 2011-12 Proposed Budget: President Buchanan gave an overview of the proposed budget.
VI. Other Business
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 5:31 p.m.
1. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#0615
2. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1102
3. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1103
4. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1101
The Board reconvened into Open Session at 6:23 p.m.
New Business Continued:
B. Economic Development Negotiations — Prospect #0615: Vice Chair Idoux made the motion,
seconded by Chair Gooden to approve the President to negotiate and enter into a Performance
Agreement with Prospect #0615.
Motion Passed: 4 - 0
C. Economic Development Negotiations — Prospect #1102: No action was taken.
D. Economic Development Negotiations — Prospect #1103: No action was taken.
E. Economic Development Negotiations — Prospect #1101: No action was taken.
Minutes of a Regular Meeting
May 19, 2011
Page 3
VII
Adjournment: The meeting was adjourned at 6:25 p.m.
Minutes approved as submitted and/or corrected this
2011.
A
day of BTU ti L,- A. D.,
arles Goodgfi, ft., Chair