2015-08-06 PEARLAND ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTESII. APROVAL OF MINUTES - August 6, 2015
MINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD
OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS HELD THURSDAY, AUGUST 6, 2015, 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
Chair Rushi Patel
Vice Chair Lucy Stevener
Secretary Sheila Fischer
Board Member Brandon Dansby
Board Member Hugh Patton
Board Member Mona Chavarria
Board Member Jeff Barry
EX-OFFICIO MEMBERS
City of Pearland Mayor Tom Reid
PEDC Matt Buchanan
Pearland Chamber of Commerce Carol Artz-Bucek
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Roxanne Luna -Larsen
Brian Malone
Valerie Marvin
CITY OF PEARLAND STAFF MEMBERS
Claire Bogard
Trent Epperson
Rick Overgaard
II. APROVAL OF MINUTES - August 6, 2015
Minutes of a Regular Meeting
August 6, 2015
Page 2
II. Approval of Minutes
Board Member Dansby made the motion, seconded by Board Member Barry to approve the minutes of
the Regular Meeting of June 25, 2015 and Special Meeting of July 16, 2015
Motion Passed: 7 —0
III. Public Comments: None
IV. Financial Reports
A. Monthly Financial Report — May 2015
B. Quarterly Investment Report —June 2015
Board Member Chavarria made the motion, seconded by Board Member Dansby to approve the
Financial Report of May 2015 and the Quarterly Investment Report of June 2015
Motion Passed: 7-0
V. New Business
A. Excused Absence
Board Member Patton made the motion, seconded by Board Member Dansby to excuse the
absences of Chairman Patel and Board Member Barry from the meeting of May 28, 2015 and
excuse the absences of Vice Chair Stevener, Secretary Fischer, and Board Member Chavarria from
the June 25, 2015 meeting
Motion Passed: 7-0
B. Chamber of Commerce Quarterly Report
Carol Artz-Bucek,President/CEO, of the Pearland Chamber of Commerce reviewed the Chamber
Third Quarter Report and provided a presentation. The new report format was introduced and
questions regarding the format were discussed
No action taken.
C. Lower Kirby South Spectrum Boulevard Preliminary Engineering Report PER Reimbursement
Agreement with the City of Pearland
Vice Chair Stevener made a motion, seconded by Secretary Fischer to allow the Chairman to
enter into Reimbursement Agreement with the City of Pearland for a South Spectrum Boulevard
preliminary engineering report in an amount not to exceed $214,137
Motion passed: 7-0
D. Monthly Activity Report: President Buchanan summarized ongoing activity
Report submitted to file
VI. Other Business
The meeting went into recess at 5:56 p.m. and entered into enter into Executive Session at 6:07 p.m.
Executive Session Under Texas Government Code
Minutes of a Regular Meeting
August 6, 2015
Page 3
II. APROVAL OF MINUTES - August 6, 2015
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
#1506
3. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1503
4. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1410
The Board reconvened into Open Session at 6:43 p.m.
New Business Continued:
E. Economic Development Negotiations — Business Attraction/Retention Projects
No action taken
F. Economic Development Negotiations — Prospect #1506
No action taken
G. Economic Development Negotiations — Prospect #1503
Board Member Dansby made a motion, seconded by Board Member Barry to approve an
increase in the loan agreement with Prospect #1503 by $200,000 for infrastructure
assistance
Motion Passed: 7-0
H. Economic Development Negotiations — Prospect #1410
No action was taken
VII. Adjournment: The meeting was adjourned at 6:44 p.m.
Minutes approved as submitted and/or corrected this o9.7day of
A.D., 2015.
ATTEST:
Sheila Fischer, Secretary
R shi Patel, Chair