2014-05-22 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 HELD THURSDAY, MAY 22, 2014, 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 5:00 p.m.
BOARD MEMBERS
Vice -Chair Rushi Patel
Secretary Sheila Fischer
Board Member Jim Burnett
Board Member Brandon Dansby
Board Member Gary Idoux
Board Member Lucy Stevener
EX-OFFICIO MEMBERS
City of Pearland Mayor Tom Reid
City of Pearland Clay Pearson
PEDC Matt Buchanan
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Carlos Guzman
Roxanne Luna -Larsen
Luis Nunez
CITY OF PEARLAND STAFF MEMBERS
Claire Bogard
Nghiem Doan
Rick Overgaard
Minutes of a Regular Meeting
May 22, 2014
Page 2
I, Approval of Minutes: Board Member Idoux made the motion, seconded by Board Member Dansby to
approve the minutes of the Regular Meeting of April 24, 2014.
Motion Passed: 6-0
III. Public Comments: None
IV. Financial Report
A. Monthly Financial Report — March 2014: Director of Finance Claire Bogard gave an overview of
the March 2014 report.
B. Quarterly Investment Report: Rick Overgaard gave an overview of the Quarterly Investment
Report
V. New Business
A. Excused Absence: Board Member Idoux made the motion, seconded by Board Member Dansby
to excuse the absence of Secretary Fischer and Board Member Burnett from the meeting of April
24, 2014.
Motion Passed: 4-0
Abstained: Fischer and Burnett
B. Business Retention and Expansion Program Services Contract with the Pearland Chamber of
Commerce: President Buchanan provided an update of the ongoing contract negotiations with
the Chamber and recommended a 16 month contract for $113,936.00 and that no additional
payments be made until negotiations are complete. No action was taken.
C. Election of Officers: Board Member Idoux made the motion, seconded by Secretary Fischer, to
nominate Vice -Chair Patel as Chair and Board Member Stevener as Vice -Chair.
Motion passed: 6-0
D. Draft of Fiscal Year 2014-2015 Budget: President Buchanan presented the Draft FY 2014-2015
Budget.
E. Monthly Activity Report: President Buchanan summarized ongoing activity. Report submitted to
file.
VI. Other Business
The meeting was adjourned to enter into Executive Session at 5:55 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
#1403
The Board reconvened in to Open Session at 6:07 p.m.
Minutes of a Regular Meeting
May 22, 2014
Page 3
New Business Continued:
F. Economic Development Negotiations — Business Attraction/Retention Projects: No action was
taken
G. Economic Development Negotiations — Prospect #1403: No action was taken.
VII. Adjournment: The meeting was adjourned at 6:07 p.m.
Minutes approved as submitted and/or corrected this 1 54. day of qt..al
A.D., 2014.
ATTEST:
Sheila Fischer, Secretary
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