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2015-03-26 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, MARCH 26, 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 5:03 p.m. BOARD MEMBERS Chair Rushi Patel Vice -Chair Lucy Stevener Board Member Brandon Dansby Board Member Hugh Patton Board Member Mona Chavarria Board Member Jeff Barry Due to a scheduled conflict, Board Member Fischer was unable to attend the meeting. 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 CITY OF PEARLAND STAFF MEMBERS Claire Bogard Darrin Coker Rick Overgaard Minutes of a Regular Meeting March 26, 2015 Page 2 II. Approval of Minutes Board Member Dansby made the motion, seconded by Board Member Chavarria to approve the minutes of the Regular Meeting of January 29, 2015. Motion Passed: 6 — 0 III. Public Comments: None. IV. Financial Report A. Monthly Financial Report —January 2015 Assistant Director of Finance, Rick Overgaard, gave an overview of the January 2015 report. V. New Business A. Excused Absence Board Member Chavarria made the motion, seconded by Board Member Dansby to excuse the absence of Chair Patel from the meeting of January 29, 2015. Motion Passed: 5-0 Abstain: Patel B. FY 2014 Audit Report Assistant Director of Finance, Rick Overgaard, reviewed the FY 2014 Audit Report with the Board of Directors. Motion Passed: 6-0 C. Pearland 20/20 Strategic Plan -Market Street Proposal Update Two years have passed since the adoption of the Pearland 20/20 Community Strategic Plan and staff has requested a proposal for a mid -course update from Market Street Services, the originator of the plan. The update would analyze implementation thus far; note key successes, challenges, and future implementation with a total cost of $49,500 plus estimated expenses of $5,300. Vice -Chair Stevener made a motion to approve that the President enter into an agreement with Market Street for a mid -course strategic plan update for an amount not to exceed $56,500. Motion passed: 5-1 Opposed: Patel D. Letters of support for City and County Transportation Improvement Program Funding Request President Buchanan requested approval to sign letters of support for Mykawa, CR 403 and Hughes Ranch Road and SH 288 feeder roads and one Brazoria County project for the widening of the 288 bridge over FM 518. These projects were submitted for funding to the Transportation Improvement Program (TIP). Part of the TIP process includes a 30-day public comment period by which letters of support may be submitted for each project. Board Member Dansby made the motion, seconded by Board Member Barry to approve that the President forward letters of support for the roadway, trail, and Safe Routes to School projects as well as the widening of the 288 bridge. Motion passed: 6-0 Minutes of a Regular Meeting March 26, 2015 Page 3 E. 288 Aesthetic Improvements Engineering Proposal from HDR Engineering, Inc. A proposal for a Professional Service Contract was presented to the Board by President Buchanan to continue the implementation of the long term improvements for SH 288 corridor. Clark Condon has already completed design modifications for hardscape enhancements in the County's toll lane construction plan and now the revisions need to be incorporated into the County's plans. The City and PEDC will need to enter into an Interlocal agreement with the County for the inclusion of these items in their construction work and cover the proportionate cost of these enhancements. Vice Chair Stevener made the motion, seconded by Board Member Barry to approve that the President enter into a Professional Services Contract with HDR Engineering for engineering services for the aesthetic improvements to SH 288 for an amount not to exceed $33,000. Motion passed: 6-0 F. Lower Kirby Electrical Phase II Engineering Proposal from UA Engineering & Surveying, Inc. A draft contract was presented to the Board by President Buchanan for the $147,202 for Professional Services with UA Engineering, Inc., for the design and engineering of an underground duct bank facility to serve Kirby Drive from the end of the first project on Kirby Drive to North Spectrum. Board Member Barry made the motion, seconded by Board Member Dansby to approve that the President enter into a Professional Services contract with UA Engineering, Inc. for an amount not to exceed $147,202 for the second phase of the underground electric design on Kirby Drive. Motion passed: 6-0 G. Demolition Program for Distressed Properties President Buchanan presented for discussion the feasibility of establishing a demolition program with the City of Pearland for substandard structures in commercial areas or with commercial zoning, utilizing PEDC funds. No action taken. H. Monthly Activity Report: President Buchanan summarized ongoing activity Report submitted to file. VI. Other Business The meeting went into recess at 6:34 p.m. and entered into enter into Executive Session at 6:46 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 #1502 3. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect #1401 4. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect #1410 5. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect #1407 Minutes of a Regular Meeting March 26, 2015 Page 4 6. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect #1503 The Board reconvened into Open Session at 7:46 p.m. New Business Continued: I. Economic Development Negotiations — Business Attraction/Retention Projects No action was taken. J. Economic Development Negotiations — Prospect #1502 Board Member Dansby by a motion seconded by Vice Chair Stevener to approve that the President enter into a Loan Agreement with Prospect #1502 and/or related entities for the amount of $60,000. Motion Passed: 6-0 K. Economic Development Negotiations — Prospect #1401 Vice Chair Stevener made a motion, seconded by Board Member Chavarria to approve that the President negotiate and enter into a loan agreement with Prospect #1401 for an amount not to exceed $350,000. Motion Passed: 6-0 Board Member Dansby made a motion, seconded by Vice Chair Stevener to approve the expenditure of $18,555 to reimburse the City of Pearland for a professional services agreement with C.L. Davis & Company for surveying and platting related to Prospect #1401. Motion Passed: 6-0 L. Economic Development Negotiations — Prospect #1410 Board Member Barry made a motion seconded by Board Member Chavarria to approve that the President negotiate and enter into a loan agreement with Prospect #1410 for an amount not exceed $600,000. Motion Passed: 6-0 M. Economic Development Negotiations — Prospect #1407 No action was taken. N. Economic Development Negotiations — Prospect #1503 No action was taken. VII. Adjournment: The meeting was adjourned at 7:48 p.m. Minutes approved as submitted and/or corrected this A.D., 2015. ATTEST: 4tAfix_9- (Art,. Sheila Fischer, Secretary day of