2013-01-31 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, JANUARY 31, 2013, 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.
Secretary
Lucy Stevener
Board Member
Jim Burnett
Board Member
Brandon Dansby
Board Member
Sheila Fischer
Board Member
Rushi Patel
Due to a conflict in schedule, Vice
Chair Gary Idoux was unable to attend the meeting.
EX -OFFICIO MEMBERS
City of Pearland Mayor Tom Reid
Pearland Chamber of Commerce Carol Artz-Bucek
STAFF MEMBERS
Matt Buchanan
Carlos Guzman
Melissa Black
Janice Vega
CITY OF PEARLAND STAFF MEMBERS
Claire Bogard
Nghiem Doan
Minutes of a Regular Meeting
January 31, 2013
Page 2
II. Approval of Minutes: Board Member Burnett made the motion, seconded by Board Member Dansby to
approve the minutes of the Regular Meeting of November 29, 2012 and the Special Meeting of December
10, 2012.
Motion Passed: 6 - 0
III. Public Comments: Ed Dorian of Pearland BMX addressed the board regarding the need for property for a
new bike racing facility. Doak Brown with Brownstone Construction gave an overview of their proposed
Pearland Senior Townhomes project.
IV. Financial Report
A. Monthly Financial Report — October and November 2012: Director of Finance Claire Bogard gave
an overview of the November report.
B. Quarterly Investment Report: Director of Finance Claire Bogard gave a summary of the report
ending December 31, 2012.
V. New Business
A. Excused Absence: Board Member Burnett made the motion, seconded by Secretary Stevener to
excuse the absence of Board Member Fischer from the meeting of November 29, 2012, Board
Member Fischer and Dansby from the meeting of December 2012.
Motion Passed: 6 - 0
B. Chamber of Commerce Quarterly Report — ending December 31, 2012: Chamber of Commerce
President/CEO, Carol Artz-Bucek gave a quarterly update. She also introduced 2013 Chair Sue
Flannigan and Chair Elect Mona Chavarria.
C. Pearland Municipal Management District No. 2: In December the legal description was
completed and City Council consented to the creation of the District. In January the public
notice was published and mailed to approximately 130 property owners in the District.
D. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to
file.
The meeting was temporarily adjourned at 5:51 p.m.
The meeting reconvened at 6:01 p.m.
VI. Other Business
The meeting was adjourned to enter into Executive Session at 6:01 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 - KS
Management
3. Section 551.087 — Deliberations Regarding Economic Development Negotiations - Merit
Medical Systems, Inc.
Minutes of a Regular Meeting
January 31, 2013
Page 3
4. Section 551.087 — Deliberations Regarding Economic Development Negotiations - Brask
Neela
5. Section 551.087 — Deliberations Regarding Economic Development Negotiations - Prospect
#1205
6. Section 551.087 — Deliberations Regarding Economic Development Negotiations - Prospect
#1301
The Board reconvened in to Open Session at 8:05 p.m.
New Business Continued:
E. Economic Development Negotiations — Business Attraction/Retention Projects: No action was
taken.
F. Economic Development Negotiations — KS Management: Board Member Patel made the motion,
seconded by Board Member Dansby to approve the President to execute the second amendment
to the performance agreement with KS Management.
Motion Passed: 6 - 0
G. Economic Development Negotiations — Merit Medical Systems, Inc.: Board Member Patel made
the motion, seconded by Board Member Burnett to approve the President to execute the
amendment to the loan agreement with Merit Medical Systems, Inc.
Motion Passed: 6 - 0
H. Economic Development Negotiations — Brask Neela: Board Member Burnett made the motion,
seconded by Board Member Patel to amend the performance agreement with Brask Neela as
noted in executive session.
Motion Passed: 6 - 0
I. Economic Development Negotiations — Prospect #1205: No action was taken
J. Economic Development Negotiations — Prospect #1301: No action was taken
VII. Adjournment: The meeting was adjourned at 7:36 p.m.
Minutes approved as submitted and/or corrected this .
A.D., 2013.
0
day of
Charles Gooden, Jr.,