2011-08-25 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, AUGUST 25, 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 5:07 p.m.
BOARD MEMBERS
Chair
Charles Gooden, Jr.
Vice Chair Gary Idoux
Secretary
Board Member
Board Member
Lucy Stevener
Mike O'Day
Rushi Patel
Due to a conflict in schedule, Board Member Jim Burnett was unable to attend the meeting.
EX -OFFICIO MEMBERS
City of Pearland Bill Eisen
Pearland Chamber of Commerce Carol Artz-Bucek
STAFF MEMBERS
Matt Buchanan
Ramon Lozano
Janice Vega
CITY OF PEARLAND STAFF MEMBERS
Claire Bogard
Nghiem Doan
Minutes of a Regular Meeting
August 25, 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 June 30, 2011.
Motion Passed: 5 - 0
III. Public Comments: None
IV. Financial Report
A. Monthly Financial Report ending May 31, 2011 and June 30, 2011: Director of Finance Bogard gave a
summary of the June report. The Board requested an analysis on making payments toward
outstanding debt. Staff will report back to the board with various scenarios.
V. New Business
A. Excused Absence: Vice Chair Idoux made the motion, seconded by Board Member Patel to excuse
the absence of Board Member O'Day from the Regular Meeting of June 30, 2011.
Motion Passed: 4-0
Abstained: 1
B. Pearland Chamber of Commerce Quarterly Report: President Artz-Bucek gave a summary of the
report. Report submitted to file.
C. Old Townsite Grants: Board Member O'Day made the motion, seconded by Vice Chair Idoux to
approve the President to negotiate and enter into a loan agreement with Mickey Johnson for an Old
Townsite FaSade Grant. Grant not to exceed $5,940.00.
Motion Passed: 5 - 0
D. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to
file.
VI. Other Business
Executive Session Under Texas Government Code
The meeting was adjourned to enter into Executive Session at 6:08 p.m.
1. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Update on
Business Attraction/Retention Projects
The Board reconvened in to Open Session at 6:37 p.m.
New Business Continued:
E. Economic Development Negotiations — Business Attraction/Retention Projects: No action was taken.
VII. Adjournment: The meeting was adjourned at 6:38 p.m.
Minutes approved as submitted and/or corrected this _Z1 TR day of ��E P 1 t fA��� A.D.,
2011.
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/� �� Charles Good n,Jr. hair
ATTEST: A