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2020-10-22 PEARLAND ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTESMINUTES OF A REGULAR VIDEO CONFERENCE MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS HELD THURSDAY, OCTOBER 22, 2020 5:00 P.M. I. CALL TO ORDER The meeting was called to order at 5:01 p.m. BOARD MEMBERS Chairman Hugh Patton Vice Chair Mona Chavarria Board Member Brandon Dansby Board Member Antonio Johnson Board Member John Lyle Board Member Chad Thumann EX-OFFICIO MEMBERS PEDC Matt Buchanan City of Pearland Clay Pearson City of Pearland Tom Reid Chamber Carol Artz-Bucek PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS Melissa Black Jessica Byerly Roxanne Luna -Larsen Brian Malone Valerie Marvin CITY OF PEARLAND Jon Branson Darren Coker Rhonda Daugherty Trent Epperson Joshua Lee John McDonald Minutes of a Regular Meeting October 22, 2020 Page 2 II. APPROVAL OF MINUTES Vice Chair Chavarria made a motion, seconded by Board Member Johnson, to approve the minutes of the Regular Meeting of September 24, 2020. Motion Passed: 6-0 W. PUBLIC COMMENTS None. IV. FINANCIAL REPORT A. Monthly Financial Report September 2020 Financial Report B. Quarterly Investment Report President Buchanan presented the September 2020 Financial Report and the Quarterly Investment Report Board Member Dansby made a motion, seconded by Board Member Lyle, to approve the September 2020 Financial Report and Quarterly Investment Report. Motion Passed: 6-0 V. NEW BUSINESS A. Excuse the absence of Board Member Lyle from the regular Board meeting on September 24, 2020 Board Member Thumann made a motion, seconded by Board Member Johnson, to excuse the absence of Board Member Lyle from the September 24, 2020 meeting. Motion Passed: 6-0 B. Implementation of Pearland Prosperity Business Formation and Early Stage Growth Focus Area: Service Agreement with OpenCounter. President Buchanan presented a Service Agreement with OpenCounter, a web -based software program that allows for communication and a self-service option for entrepreneurs through zoning, business and residential pre -project portals, moving the preapplication permitting process online. Economic and community development services will be accessible 24/7 enhancing customer service and reducing the number permitting questions. The implementation cost and annual fee for the first year is $59,972 and $40,922 for the second to fifth year. Vice Chair Chavarria made a motion, seconded by Board Member Dansby, to approve the President to negotiate and enter into an agreement with OpenCounter for an amount not to exceed $59,972 Motion Passed: 6-0 C. Pearland Chamber of Commerce Quarterly BizConnect Report CEO and President of the Pearland Chamber of Commerce, Carol Artz-Bucek, presented the Quarterly BizConnect Report. The Pearland Chamber and PEDC have been working together to comply with the goals of the BizConnect program and have adapted strategies to continue to meet the needs of the business community during the COVID-19 pandemic. Minutes of a Regular Meeting October 22, 2020 Page 3 Vice Chair Chavarria made a motion, seconded by Board Member Lyle, to approve the Pearland Chamber of Commerce Quarterly Report Motion Passed: 6-0 D. Carryover Amendment to the Fiscal Year 2020-21 Budget President Buchanan presented to the Board amendments to the approved Fiscal Year 2020-21 Budget that carry over unspent funds from items budgeted in last fiscal year to our current fiscal year. The amendments will increase expenditures from $23.9M to $25.8M for a total increase of $1.8M. If approved by the Board, the amendments will be considered by City Council before the end of the year. Board Member Thumann made a motion, seconded by Board Member Johnson, to approve the amendment to the FY2020-21 budget to reflect total expenditures of $25,819,122. Motion Passed: 6-0 E. Monthly Activity Report — President Buchanan summarized ongoing activity. No action taken. The meeting went into recess at 6:03 p.m. and entered Executive Session at 6:08 p.m. VI. OTHER BUSINESS 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 — Project #1803. 3. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS Project #1810. 4. SECTION 551 087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS — Project #2022. 5. SECTION 551 087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS Project #2024. 6. SECTION 552 072 — DELIBERATIONS REGARDING THE LEASE, PURCHASE, OR SALE OF REAL PROPERTY — 14740 Kirby Drive Lease The Board closed Executive Session at 7:01 p.m. The Board reconvened into Open Session at 7:04 p.m. Minutes of a Regular Meeting October 22, 2020 Page 4 VII. NEW BUSINESS CONTINUED: F. CONSIDERATION AND POSSIBLE ACTION• DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS — Project #1803. Vice Chair Chavarria made a motion, seconded by Board Member Dansby, to approve the President to negotiate and enter into an amended loan agreement with Prospect #1803. Motion Passed: 6-0 G. CONSIDERATION AND POSSIBLE ACTION: DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS — Project #2022. Board Member Dansby made a motion, seconded by Board Member Lyle, to approve the President to negotiate and enter into an amended loan agreement with Prospect #2022 for an additional amount not to exceed $750,000. Motion Passed: 6-0 H. CONSIDERATION AND POSSIBLE ACTION: DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS — Project #2024. Board Member Thumann made a motion, seconded by Board Member Dansby, to approve the President to negotiate and enter into a Performance Agreement with Prospect #2024 for an amount not to exceed $80,000. Motion Passed: 6-0 VIII. ADJOURNMENT: The meeting was adjourned at 7:09 p.m. Minutes approved as submitted and/or corrected this dayof pp / A.D , 202Q. Secretary Chair