2011-12-08 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, DECEMBER 8, 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
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
Melissa Black
Janice Vega
CITY OF PEARLAND STAFF MEMBERS
Darrin Coker
Rick Overgaard
Minutes of a Regular Meeting
December 8, 2011
Page 2
II. Approval of Minutes: Board Member Patel made the motion, seconded by Board Member Dansby to
approve the minutes of the regular meeting of November 3, 2011.
Motion Passed: 6 - 0
III. Public Comments: None
IV. Financial Report
A. Monthly Financial Report - September 2011: Rick Overgaard, Assistant Director of Finance, gave
a summary of the Financial Report and the Quarterly Investment Report.
B. Quarterly Investment Report - September 2011
V. New Business
A. Excused Absence: Board Member Patel made the motion, seconded by Secretary Stevener to
excuse the absence of Board Member Mike O'Day from the Regular Meeting of November 3,
2011.
Motion Passed: 6 - 0
B. Economic Alliance Houston Port Region: President/CEO, Chad Burke, gave a presentation on this
past year's activities of the Alliance.
C. Pearland Chamber of Commerce: President Artz-Bucek gave a quarterly report on the Business
Retention and Expansion program. Report submitted to file.
D. Cash Reserve Options for Debt Pay -Off: Board Member Patel made the motion, seconded by Vice
Chair Idoux to approve to begin setting aside a reserve fund of 20% of annual sales tax revenue
beginning in FY 2011-12 to potentially pay off a portion of the series 2010 bonds in 2015.
Motion Passed: 6 - 0
E. Election of Officers: Board Member Patel nominated Gooden for Chair, Idoux for Vice Chair and
Stevener for Secretary. Motion seconded by Board Member Burnett.
Motion Passed: 6 - 0
F. Business Center Drive Extension: The Board discussed the possibility of financing the extension of
Business Center Drive for the City. Board Member Burnett made the motion, seconded by Board
Member Patel to approve the transfer of funds to the City for the actual cost, not to exceed
$35,000, for an enhancement study for the possible Business Center Drive extension.
Motion Passed: 6 - 0
G. Lower Kirby Urban Center Master Plan and Implementation Strategy: President Buchanan
presented the final report for the Lower Kirby Urban Center Master Plan and Implementation
Strategy that was prepared by Gateway Planning. Chair Gooden made the motion, seconded by
Vice Chair Idoux to accept the Lower Kirby Urban Master Plan and Implementation Strategy and
approve staff to engage in an hourly contract with Gateway Planning to work on the proposed
form based code not to exceed $15,000.
Motion Passed: 5 - 1
H. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to
file.