2012-11-29 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, NOVEMBER 29, 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 5:01 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 Sheila Fischer 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
Janice Vega
CITY OF PEARLAND STAFF MEMBERS
Claire Bogard
Nghiem Doan
Minutes of a Regular Meeting
November 29, 2012
Page 2
II. Approval of Minutes: Vice Chair Idoux made the motion, seconded by Board Member Burnett to approve
the minutes of the Regular Meeting of September 27, 2012.
Motion Passed: 6 — 0
III. Public Comments: None
IV. Financial Report
A. Monthly Financial Report: Director of Finance Claire Bogard gave an overview of the September
report.
B. Quarterly Investment Report: Director of Finance Claire Bogard gave a summary of the report
ending September 30, 2012.
V. New Business
A. Excused Absences: Board Member Dansby made the motion, seconded by Board Member Patel
to Excuse the absence of Secretary Stevener, Board Members Barnett and Patel from the meeting
of August 30, 2012; Vice Chair Idoux from the meeting of September 27, 2012.
Motion Passed: 6 — 0
B. Pearland Chamber of Commerce Quarterly Report: Chamber of Commerce President/CEO, Carol
Artz-Bucek gave a quarterly update.
C. Election of Officers: Board Member Patel made the motion, seconded by Board Member Burnett
to elect Charles Gooden, Jr. as Chair, Gary Idoux as Vice Chair, and Lucy Stevener as Secretary.
Motion Passed: 6 — 0
D. 2013 Meeting Schedule: Board Member Burnett made the motion, seconded by Secretary
Stevener to approve the 2013 Meeting Schedule.
Motion Passed: 6 — 0
E. 288 Management District: Board Member Patel made the motion, seconded by Board Member
Dansby to approve moving forward with Allen, Boone, Humphries, Robinson LLP for the creation
of the district and to complete a legal description of the proposed district with UA Engineering
for a fee not to exceed $10,000.
Motion Passed: 6 — 0
F. Strategic Plan Update: Focus Group meetings were completed. There will be a Joint Workshop
with City Council on December 10, 2012 where Market Street Services will present the
Competitive Assessment. The next Steering Committee meeting will be the following day.
G. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to
file.
The meeting was temporarily adjourned at 6:21 p.m.
The meeting reconvened at 6:29 p.m.
VI. Other Business
The meeting was adjourned to enter into Executive Session at 6:47 p.m.
Minutes of a Regular Meeting
November 29, 2012
Page 3
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
#1204
3. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1105
4. Section 551.074 — Personnel Matters — Discussion with the City Manager regarding the PEDC
President's annual evaluation and compensation.
The Board reconvened in to Open Session at 8:05 p.m.
New Business Continued:
H. Economic Development Negotiations — Business Attraction/Retention Projects: No action was
taken.
I. Economic Development Negotiations — Prospect #1204: Board Member Patel made the motion,
seconded by Board Member Burnett to approve the President to negotiate and enter into the
Loan Agreement with Prospect #1204 for an amount not to exceed $630,000.
Motion Passed: 6 — 0
J. Economic Development Negotiations — Prospect #1105: No action was taken.
K. Personnel Matters — PEDC President's annual evaluation and compensation: Board Member
Burnett made the motion, seconded by Board Member Dansby to approve the annual evaluation
and compensation as discussed in executive session with the City Manager.
Motion Passed: 6 — 0
VII. Adjournment: The meeting was adjourned at 8:07 p.m.
Minutes approved as submitted and/or corrected this ( day of —�
A.D., 2013.
7
Charles Gooden, Jr/,,'Ch
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