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2015-06-25 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, JUNE 25, 2015, 5:00 P.M., BOARD ROOM, PEDC OFFICE, 1200 PEARLAND PARKWAY, SUITE 200, PEARLAND, TEXAS. CALL TO ORDER The meeting was called to order at 5:05 p.m. BOARD MEMBERS Chair Rushi Patel Board Member Brandon Dansby Board Member Hugh Patton Board Member Jeff Barry EX-OFFICIO MEMBERS City of Pearland Mayor Tom Reid City of Pearland Clay Pearson 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 Darrin Coker Paulette Englund Minutes of a Regular Meeting June 25, 2015 Page 2 Ik. Approval of Minutes Board Member Dansby made the motion, seconded by Board Member Barry to approve the minutes of the Regular Meeting of May 28, 2015 Motion Passed: 4-0 III. Public Comments: None IV. New Business A. Program of Work 2015-2016 President Buchanan provided the Board with an update of the 2014-2015 Program of Work and presented the 2015-2016 Program of Work Board Member Patton made a motion, seconded by Board Member Dansby to approve the 2015- 2016 Program of Work as presented. Motion passed: 4-0 B. Public Hearing for Fiscal Year 2015-2016 Budget: The Public Hearing was opened at 5:16 p.m. to discuss the proposed expenditures and projects for Fiscal Year 2015-2016 Budget. There were no public comments. The Public Hearing was closed at 5:17 p.m. C. Fiscal Year 2015-2016 Budget: President Buchanan presented the proposed amended to the FY2014-2015 Budget and the proposed FY2015-2016 Budget. Board Member Barry made the motion, seconded by Board Member Dansby to amend the FY2014-2015 budget and adopt the proposed FY2015-2016 Budget Motion passed: 4 — 0 D. Review Dixie Farm Road/ Pearland Parkway Conceptual Entryway Designs Development Manager Valerie Marvin presented the finalized design development drawings for both Pearland Parkway and Dixie Farm Road. The scope of work for Pearland Parkway includes a Gateway sign, complete with landscaping, replanting of the round -a -bout and section of median up to Clear Creek, enhanced landscaping at the Star Monument, and large fountains for both detention ponds. The Dixie Farm Road project will include a Gateway sign and landscaping adjacent to the detention pond near the city limit. The next step will be to begin the construction document phase No action was taken E. Monthly Activity Report: President Buchanan summarized ongoing activity Report submitted to file V. Other Business The meeting went into recess at 5:56 p.m. and entered into enter into Executive Session at 6:12 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 #1506 Minutes of a Regular Meeting June 25, 2015 Page 3 3. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect #1503 4. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect #1409 5. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect #1507 The Board reconvened into Open Session at 6:50 p.m. New Business Continued: E. Economic Development Negotiations — Business Attraction/Retention Projects No action was taken F. Economic Development Negotiations — Prospect #1506 Board Member Dansby made a motion, seconded by Board Member Barry for the President to negotiate and enter into a loan agreement with Prospect #1506 for an amount not to exceed $180,000 Motion passed: 4-0 G. Economic Development Negotiations — Prospect #1503 No action was taken H. Economic Development Negotiations — Prospect #1409 No action was taken I. Economic Development Negotiations — Prospect #1507 No action was taken VI. Adjournment: The meeting was adjourned at 6:50 p.m. Minutes approved as submitted and/or corrected this day of A.D., 2015. ATTEST: Sheila Fischer, Secretary ushi atel, Chair - .6Mgtia7=f> 'If`•4 ' _dli .. '.'ii oft 8 {. ' r ti3 I:? Ct1 fi 'Y']A3rm.w.1 + K' O r, — ,.Tv ! : IGrit'A lecw,4 i 01'' 'J1r i'1ti!j:'R dfh1I7W "' -,�; - V U )r I1'1. 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