2011-11-14 TAX INCREMENT REINVESTMENT ZONE NO. 2 BOARD MEETING MINUTES MINUTES OF A SPECIAL MEETING OF THE TAX INCREMENT REINVESTMENT
ZONE NUMBER TWO (TIRZ # 2), ALSO KNOWN AS SHADOW CREEK RANCH,
CITY OF PEARLAND TEXAS, TO BE HELD ON MONDAY, NOVEMBER 14, 2011, AT
4:00 P.M., IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE,
PEARLAND, TEXAS.
Mayor Reid called the meeting to order at 4:06 p.m. with the following present:
Vice Chair Gary Cook
Secretary Mike Pyburn
Boardmember Donna Coleman
Boardmember Gary Davis
Boardmember Jo Knight
Boardmember Ron Castillo
Boardmember Herbert Fain
Absent: Chair Kenneth R. Phillips, Boardmember Larry Loessin.
Others in attendance: Mayor Tom Reid; Bill Eisen City Manager City of Pearland; Claire
Bogard Director of Finance City of Pearland; Rick Overgaard Assistant Director of
Finance City of Pearland; Sonia Webb Deputy City Secretary City of Pearland; Lynne
Humphries Allen Boone Humphries Robinson LLP; James Ross LJA Engineering; Sue
Darcy Marsh Darcy Partners, Inc.; Drew Pelter Shadow Creek Ranch Development
Company Ltd.
NEW BUSINESS
COUNCIL ACTION — REGARDING THE APPROVAL OF THE SPECIAL MEETING
MINUTES OF THE JUNE 13, 2011, TAX INCREMENT REINVESTMENT ZONE
NUMBER 2 (TIRZ NO. 2) BOARD OF DIRECTORS MEETING.
TIRZ NO. 2 Board of Directors.
Boardmember Knight made the motion, seconded by Boardmember Fain, to approve
the minutes of the June 13, 2011, Tax Increment Reinvestment Zone Number 2 (TIRZ
No. 2) Board of Directors Meeting.
Voting "Aye" Boardmembers Cook, Pyburn, Coleman, Davis, Knight, and Castillo.
Voting "No" None.
Motion Passed 6 to 0, with Boardmembers Phillips and Loessin absent.
Page 1 of 4— 11/14/2011
COUNCIL ACTION — RESOLUTION NO. RTIRZ-2011-08 — A RESOLUTION OF THE
TAX INCREMENT REINVESTMENT ZONE NO. 2 (TIRZ), ACCEPTING THE
FINANCIAL REPORT FOR THE PERIOD ENDING SEPTEMBER 30, 2011. Ms. Claire
Bogard, Director of Finance.
Boardmember Pyburn made the motion, seconded by Boardmember Davis, to approve
Resolution No. TIRZ-2011-08.
Director of Finance Claire Bogard provided Boardmembers with an overview of the
Financial Report for the period ending September 30, 2011.
Voting "Aye" Boardmembers Cook, Pyburn, Coleman, Davis, Knight, and Castillo.
Voting "No" None.
Motion Passed 6 to 0, with Boardmembers Phillips and Loessin absent.
COUNCIL ACTION — RESOLUTION NO. RTIRZ-2011-09 — A RESOLUTION OF THE
TAX INCREMENT REINVESTMENT ZONE NO. 2 (TIRZ), ACCEPTING THE
INVESTMENT REPORT FOR THE QUARTERS ENDING JUNE 2011 and
SEPTEMBER 2011. Ms. Claire Bogard, Director of Finance.
Boardmember Castillo made the motion, seconded by Boardmember Coleman, to
approve Resolution No. TIRZ-2011-09.
Assistant Director of Finance Rick Overgaard provided Boardmembers with a detailed
report of the Investment Report for the quarters ending June 2011 and September
2011 .
Voting "Aye" Boardmembers Cook, Pyburn, Coleman, Davis, Knight, and Castillo.
Voting "No" None.
Motion Passed 6 to 0, with Boardmembers Phillips and Loessin absent.
COUNCIL ACTION — RESOLUTION NO. RTIRZ-2011-10 — A RESOLUTION OF THE
TAX INCREMENT REINVESTMENT ZONE NO. 2 (TIRZ), APPROVING INVOICES
FOR PAYMENT AFTER DISCUSSION ON PERRY HOMES
TRANSACTION/DEVELOPMENT. Ms. Claire Bogard, Director of Finance.
Boardmember Fain made the motion, seconded by Boardmember Coleman, to approve
Resolution No. TIRZ-2011-10.
Director of Finance Claire Bogard stated this item includes invoices that have been
Page 2 of 4— 11/14/2011
received for payment by the TIRZ Board. The invoices were not approved by the
Invoice Review Committee because they were incurred during discussion regarding the
Perry Homes agreement.
Lynn Humphries, Allen Boone Humphries Robinson LLP, stated the fees associated
with these invoices were not for Perry Homes. These services were provided on behalf
of the TIRZ during the agreement discussions with Perry Homes
Discussion ensued between Boardmembers, Lynn Humphries, Allen Boone Humphries
Robinson LLP, Sue Darcy, Marsh Darcy Partners, Inc., and Finance Director Claire
Bogard regarding the Resolution.
Voting "Aye" Boardmembers Cook, Pyburn, Coleman, Davis, Knight, and Castillo.
Voting "No" None.
Motion Passed 6 to 0, with Boardmembers Phillips and Loessin absent.
COUNCIL ACTION — RESOLUTION NO. RTIRZ-2011-11 — A RESOLUTION OF THE
BOARD OF DIRECTORS OF THE PEARLAND TAX INCREMENT REINVESTMENT
ZONE #2 (TIRZ #2) BOARD OF DIRECTORS, APPROVING A SUB-DEVELOPER
REIMBURSEMENT AGREEMENT WITH 518SCR, LTD.
Boardmember Castillo made the motion, seconded by Boardmember Davis, to approve
Resolution No. TIRZ-2011-11.
Lynn Humphries, Allen Boone Humphries Robinson LLP, stated this agreement is a
three-party transaction between the City of Pearland, the TIRZ, and Perry Homes. The
agreement is in the same format as previous sub-developer agreements approved by
the TIRZ.
Voting "Aye" Boardmembers Cook, Pyburn, Coleman, Davis, Knight, and Castillo.
Voting "No" None.
Motion Passed 6 to 0, with Boardmembers Phillips and Loessin absent.
COUNCIL ACTION — RESOLUTION NO. RTIRZ-2011-12 — A RESOLUTION OF THE
TAX INCREMENT REINVESTMENT ZONE NO. 2 (TIRZ), RATIFYING INVOICES
THAT WERE PAID FROM JUNE 2011 THROUGH OCTOBER 2011 AND APPROVING
INVOICES FOR PAYMENT. Ms. Claire Bogard, Director of Finance.
Boardmember Davis made the motion, seconded by Boardmember Castillo, to approve
Resolution No. TIRZ-2011-12.
Page 3 of 4— 11/14/2011
Director of Finance Claire Bogard stated this item includes invoices for fees incurred by
the TIRZ since June 2011.
Voting "Aye" Boardmembers Cook, Pyburn, Coleman, Davis, Knight, and Castillo.
Voting "No" None.
Motion Passed 6 to 0, with Boardmembers Phillips and Loessin absent.
ADJOURNMENT
Meeting was adjourned at 5:02 p.m.
Minutes approved as submitted and/or corrected this the 11TH day of June, A.D., 2012
KENNETH R. PHIL •''S
TIRZ NO. 2 CHAR MAN
ATTEST:
Plai.),MAA)\
MIKE PYBUR
TIRZ NO. 2 SECRETARY
Page 4 of 4— 11/14/2011