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2013-03-11 CITY COUNCIL PUBLIC HEARING MEETING MINUTESn MINUTES OF A PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, HELD ON MONDAY, MARCH 11, 2013, AT 6:30 P.M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. Mayor Reid called the meeting to order at 6:30 p.m. with the following present: Mayor Pro -Tem Councilmember Councilmember Councilmember Councilmember City Manager Assistant City Attorney City Secretary Susan Sherrouse Woody Owens Scott Sherman Keith Ordeneaux Greg Hill Bill Eisen Lawrence Provins Young Lorfing Others in attendance: Jon Branson Assistant City Manager; Matt Buchanan President of Economic Development Corporation; Mike Hodge Assistant City Manager; Claire Bogard Director of Finance; Sparkle Anderson Public Affairs Manager. PURPOSE OF HEARING — PUBIC COMMENT AND TESTIMONY REGARDING THE CREATION OF A REINVESTMENT ZONE IN ACCORDANCE WITH SECTION 312.201 OF THE TAX CODE AND CITY OF PEARLAND'S GUIDELINES FOR GRANTING TAXING ABATEMENTS. Mr. Darrin Coker, City Attorney. STAFF REVIEW OF THE CREATION OF A REINVESTMENT ZONE IN ACCORDANCE WITH SECTION 312.201 OF THE TAX CODE AND CITY OF PEARLAND'S GUIDELINES FOR GRANTING TAXIING ABATEMENTS. Mr. Lawrence Provins Assistant City Attorney ll. Lawrence Provins Assistant City Attorney II reported a public hearing is required prior to the creation of a reinvestment zone for properties located near the intersection of North Spectrum Blvd. and Kirby Drive. A zone must be formed before the City may enter into a Tax Abatement Agreement with any prospect that may develop in the zone. The hearing is being held to determine whether the proposed industrial improvements sought for the property are feasible and practicable and whether the improvements will benefit the land within the zone. CITIZEN COMMENTS: None. Page 1 of 2 - 3/11/2013 COUNCIL/STAFF DISCUSSION: City Manager Bill Eisen stated regarding the project there is not a firm commitment in terms of the incentive agreement with Pearland Economic Development Corporation. He further stated Council is being asked to create the reinvestment zone. The actual terms and conditions of a tax abatement would be the subject of a different agenda item that would occur at a future date. He further stated it would be in the form of a contract between the City of Pearland and the potential user specifying all the terms and conditions. Councilmember Owens asked for clarification on whether the property in discussion is located in the Management District. City Manager Bill Eisen stated it is in the lower Kirby Management District. ADJOURNMENT: Meeting was adjourned at 6:35 p.m. Minutes approved as submitted and/or corrected this the 25th day of March, A.D., 2013. Tom Reid Mayor ATTEST: -1 -; tyng retary C s C Page 2 of 2 — 3/11/2013