2012-05-31 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, THURSDAY, MAY 31, 2012, 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 5:04 p.m.
BOARD MEMBERS
Chair
Charles Gooden, Jr.
Vice Chair
Gary Idoux
Secretary
Lucy Stevener
Board Member
Jim Burnett
Board Member
Sheila Fischer
Due to a conflict in schedule, Board Members Brandon Dansby and Rushi Patel were unable to attend the
meeting.
EX -OFFICIO MEMBERS
City of Pearland
City of Pearland
STAFF MEMBERS
Matt Buchanan
Ramon Lozano
Melissa Black
Janice Vega
CITY OF PEARLAND STAFF MEMBERS
Darrin Coker
Nghiem Doan
Rick Overgaard
Mayor Tom Reid
Bill Eisen
Minutes of a Regular Meeting
May 31, 2012
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 April 26, 2012.
Motion Passed: 5 - 0
III. Public Comments: None
IV. Financial Report
A. Monthly Financial Report — March 2012: Director of Finance Claire Bogard gave a summary of
the March report.
V. New Business
A. Public Hearing on Business Center Drive Improvements Project: The Public Hearing was opened to
discuss the Business Center Drive Improvements Project. There were no comments from the public.
The Public Hearing was closed.
B. Business Center Drive Improvements Agreement with City of Pearland: Board Member Burnett made
the motion, seconded by Board Member Fischer to accept the revised version of the Business Center
Drive Reimbursement Agreement with the City of Pearland.
Motion Passed: 5 - 0
C. Strategic Plan Request for Proposal: Vice Chair Idoux made the motion, seconded by Chair Gooden to
approve the President to advertise for proposals. Board Members Stevener and Fischer will serve on
selection committee.
Motion Passed: 5 - 0
D. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to file.
The meeting was temporarily adjourned at 6:06 p.m.
The meeting reconvened at 6:15 p.m.
VI. Other Business
The meeting was adjourned to enter into Executive Session at 6:15 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
3. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1203
4. Section 551.071— Consultation With City Attorney Regarding Potential Litigation.
Minutes of a Regular Meeting
May 31, 2012
Page 3
New Business Continued:
E. Economic Development Negotiations — Business Attraction/Retention Projects: No action was taken.
F. Economic Development Negotiations — Prospect #1104: Vice Chair Idoux made the motion, seconded
by Board Member Burnett to approve the President to negotiate and enter into the Loan Agreement
with Prospect #1104 for an amount not to exceed $340,000.
Motion Passed: 5 — 0
G. Economic Development Negotiations — Prospect #1203: No action was taken.
H. Consultation with City Attorney Regarding Potential Litigation: Vice Chair Idoux made the motion,
seconded by Board Member Fischer to approve the amendment to the Job Creation Agreement as
presented in executive session.
Motion Passed: 5 — 0
VII. Adjournment: The meeting was adjourned at 6:50 p.m.
Minutes approved as submitted and/or corrected this o2,� T day of � to
A.D., 2012.
Charles Gooden, Jr. Chai
TTE T
L Stevener, Secretary
III.
A
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