2011-11-03 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, NOVEMBER 3, 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 5:08 p.m.
BOARD MEMBERS
Chair
Charles Gooden, Jr.
Vice Chair
Gary Idoux
Secretary
Lucy Stevener
Board Member
Jim Burnett
Board Member
Brandon Dansby
Board Member
Rushi Patel
Due to a conflict in schedule, Board Member Mike O'Day was unable to attend the meeting.
EX -OFFICIO MEMBERS
City of Pearland Mayor Tom Reid
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
Darrin Coker
Minutes of a Regular Meeting
November 3, 2011
Page 2
II. Approval of Minutes: Vice Chair Idoux made the motion, seconded by Board Member Jim Burnett to approve
the minutes of the Regular Meeting of September 29, 2011.
Motion Passed: 5 - 0
III. Public Comments: None
Board Member Dansby arrived at the meeting at 5:11 p.m.
IV. Financial Report
A. Monthly Financial Report ending August 31, 2011: Director of Finance Bogard gave a summary of
the August report.
V. New Business
A. Excused Absence: Vice Chair Idoux made the motion, seconded by Board Member Burnett to excuse
the absence of Secretary Stevener and Board Member Patel from Regular Meeting of September 29,
2011.
Motion Passed: 4 — 0
Abstained: 2
B. Business Retention and Expansion Contract: Board Member Patel made the motion, seconded by
Secretary Stevener to approve the President to execute a contract for Business Retention and
Expansion Services with the Pearland Chamber of Commerce for the period of January 1, 2012 to
December 31, 2013 for an amount not to exceed $136,260 per year.
Motion Passed: 6 - 0
C. 2012 Meeting Schedule: Board Member Patel made the motion, seconded by Board Member
Burnett to approve the 2012 board meeting schedule.
Motion Passed: 6 - 0
D. Early Retirement of Outstanding Debt Obligations: Board discussed beginning to set aside funds to
retire all or a portion of the 2010 series bonds. Staff will prepare scenarios for the next meeting. No
action was taken.
E. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to
file.
The meeting temporarily adjourned at 6:29 p.m.
The meeting reconvened at 6:38 p.m.
VI. Other Business
The meeting was adjourned to enter into Executive Session at 6:38 p.m.
Executive Session Under Texas Government Code
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
#1104
Minutes of a Regular Meeting
November 3, 2011
Page 2
3. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1105
The Board reconvened in to Open Session at 7:30 p.m.
New Business Continued:
F. Economic Development Negotiations — Business Attraction/Retention Projects: No action was taken.
G. Economic Development Negotiations — Prospect #1104: No action was taken.
H. Economic Development Negotiations — Prospect #1105: No action was taken.
VII. Adjournment: The meeting was adjourned at 7:31. p.m.
Minutes approved as submitted and/or corrected this it day of p CLO QtK A.D.,
2011.
A
Charles Gooden, Jr., Char