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2013-11-21 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, NOVEMBER 21, 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 5:02 p.m. BOARD MEMBERS Chair Charles Gooden Vice Chair Gary Idoux Board Member Brandon Dansby Board Member Sheila Fischer Board Member Rushi Patel Board Member Jim Burnett Due to a conflict in schedule, Secretary Lucy Stevener was unable to attend the meeting. EX-OFFICIO MEMBERS City of Pearland Mayor Tom Reid Pearland Chamber of Commerce Carol Artz-Bucek City of Pearland Bill Eisen PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS Matt Buchanan Melissa Black Carlos Guzman Roxanne Luna -Larsen CITY OF PEARLAND STAFF MEMBERS Rick Overgaard Nghiem Doan Trent Epperson Michelle Smith Rosalyn Epting Minutes of a Regular Meeting November 21, 2013 Page 2 II. Approval of Minutes: Board Member Patel made the motion, seconded by Board Member Dansby to approve the minutes of the Regular Meeting of September 26, 2013. Motion Passed: 5 — 0 Abstained: Gooden III. Public Comments: None IV. Financial Report A. Monthly Financial Report — August and September 2013: Assistant Director of Finance Rick Overgaard gave an overview of the September report. B. Quarterly Investment Report: Assistant Director of Finance Rick Overgaard gave a summary of the report ending September 30, 2013. V. New Business A. Excused Absence: Board Member Patel made the motion, seconded by Board Member Dansby to excuse the absence of Chair Charles Gooden, Secretary Lucy Stevener, and Board Member Jim Burnet, from the meeting of September 26, 2013. Motion Passed: 5-0 Abstained: Gooden B. Report: President/CEO Chad Burke of the Economic Alliance Houston Port Region presented their Annual Report. C. Chamber of Commerce Quarterly Report: Pearland Chamber of Commerce President Artz-Bucek reviewed the quarterly report for the quarter ending September 30, 2013 and presented the Board with a timeline outlining the history of the PEDC contract with the Chamber. D. Business Retention and Expansion Program Services Contract with Pearland Chamber of Commerce: A committee was established to review the current contract and report back to the Board. Committee members are Board Member Patel, Burnett, and Fischer. Board Member Dansby made the motion, seconded by Board Member Fischer to extend the existing contract for 90 days until March 31, 2014. Motion Passed: 6 - 0 E. Administrative Services contract with the Pearland Municipal Management District #2: President Buchanan presented the proposed Administrative Services Contract between the Pearland Municipal Management District #2 and the Board for consideration of approval. Board Member Idoux made the motion, seconded by Board Member Dansby to approve the contract. Motion Passed: 5-0 Abstained: Patel F. Public Hearing on Max Road Sports Complex: The Public Hearing was opened to discuss the Max Road Sports Complex Project. There were no comments from the public. The Public Hearing was closed. G. Max Road Sports Complex Funding Agreement with the City of Pearland: Chair Gooden made the motion, seconded by Board Member Burnett to approve the Funding Agreement with the City of Pearland. Motion passed: 5-1, with Patel voting Nay Minutes of a Regular Meeting November 21, 2013 Page 3 H. Election of Officers: Board Member Patel made the motion, seconded by Board Member Fischer to elect Charles Gooden, Jr. as Chair, Rushi Patel as Vice Chair, and Sheila Fischer as Secretary. Motion Passed: 6 — 0 I. 2014 Meeting Schedule: Board Member Idoux made the motion, seconded by Board Member Fischer to approve the 2014 Meeting Schedule. Motion Passed: 6 — 0 J. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to file. The meeting was temporarily adjourned at 7:33 p.m. The meeting reconvened at 7:51 p.m. VI. Other Business The meeting was adjourned to enter into Executive Session at 7:51 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 #1205 3. Section 551.087 — Deliberations Regarding Economic Development Negotiations -- Prospect #1305 4. Section 551.087 — Deliberations Regarding Economic Development Negotiations -- Prospect #1306 5. Section 551.074 — Personnel Matters — Discussion with the City Manager regarding the PEDC President's annual evaluation and compensation. The Board reconvened in to Open Session at 8:43 p.m. New Business Continued: K. Economic Development Negotiations — Business Attraction/Retention Projects — No action was taken. L. Economic Development Negotiations: Prospect #1205: Board Member Dansby made the motion, seconded by Board Member Burnet to authorize the President to amend the proposed draft agreement to reflect new location and dates. Motion Passed: 6 - 0 M. Economic Development Negotiations — Prospect #1305 - No action was taken. N. Economic Development Negotiations — Prospect #1306 - No action was taken. Minutes of a Regular Meeting November 21, 2013 Page 4 O. Personnel Matters — PEDC President's annual evaluation and compensation: Board Member Burnett made the motion, seconded by Board Member Fischer to approve the annual evaluation and compensation as discussed in executive session with the City Manager. Motion Passed: 6 — 0 VII. Adjournment: The meeting was adjourned at 8:44 p.m. Minutes approved as submitted and/or corrected this A.D., 2013. ATTEST: Sheila Fischer, Secretary day of Charles Gooden, Jr., C