2013-05-23 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 23, 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 5:03 p.m.
BOARD MEMBERS
Chair
Charles Gooden Jr.
Vice Chair
Gary Idoux
Board Member
Jim Burnett
Board Member
Brandon Dansby
Board Member
Rushi Patel
Due to a conflict in schedule, Secretary Lucy Stevener and Board Member Sheila Fischer were unable to
attend the meeting.
EX -OFFICIO MEMBERS
City of Pearland
Pearland Chamber of Commerce
STAFF MEMBERS
Matt Buchanan
Melissa Black
CITY OF PEARLAND STAFF MEMBERS
Bill Eisen
Claire Bogard
Bobby Pennington
Nghiem Doan
Mayor Tom Reid
Carol Artz-Bucek
Minutes of a Regular Meeting
May 23, 2013
Page 2
II. Approval of Minutes: Board Member Dansby made the motion, seconded by Vice Chair Idoux to approve
the minutes of the Regular Meeting of April 25, 2013.
Motion Passed: 4 - 0
III. Public Comments: None
IV. Financial Report
Board Member Patel arrived during the Financial Report
A. Monthly Financial Report — March 2013: Director of Finance Claire Bogard gave an overview of
the March report.
B. Investment Report: Director of Finance Claire Bogard gave an overview of the investment report,
for the quarter ending March 31, 2013.
V. New Business
A. Excused Absence: Vice Chair Idoux made the motion, seconded by Board Member Burnett to
excuse the absence of Chair Gooden and Board Member Patel from the meeting of April 25,
2013.
Motion Passed: 5-0
B. Draft of Fiscal Year 2013/2014 Budget: President Buchanan presented a draft of the Fiscal Year
2013/2014 Budget.
C. Strategic Plan and Proposed Mission Statement: President Buchanan reviewed the final Strategic
Plan and proposed Mission Statement. Vice Chair Idoux made the motion, seconded by Board
Member Burnett to approve the mission statement.
Motion Passed: 5-0
D. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to
file.
The meeting was temporarily adjourned at 6:01 p.m.
The meeting reconvened at 6:12 p.m.
VI. Other Business
The meeting was adjourned to enter into Executive Session at 6:12 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
#1302
3. Section 551.087 — Deliberations Regarding Economic Development Negotiations -- Prospect
#1303
Minutes of a Regular Meeting
May 23, 2013
Page 3
The Board reconvened in to Open Session at 7:21 p.m.
New Business Continued:
E. Economic Development Negotiations — Business Attraction/Retention Projects — No action was
taken.
F. Economic Development Negotiations — Prospect #1302: Vice Chair Idoux made the motion,
seconded by Board Member Burnett to approve the President to negotiate and enter into a loan
agreement with Prospect #1302 for an amount not to exceed $50,000.
Motion Passed: 5 - 0
G. Economic Development Negotiations — Prospect #1303: Board Member Dansby made the
motion, seconded by Vice Chair Idoux to approve the President to negotiate and enter into a loan
agreement with Prospect #1303 for an amount not to exceed $38,500.
Motion Passed: 5 - 0
VII. Adjournment: The meeting was adjourned at 7:23 p.m.
Minutes approved as submitted and/or corrected this �,� Ti i day of , Ll1JE
A.D., 2013.
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