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2016-04-28 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, APRIL 28, 2016 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 5:01 p.m. BOARD MEMBERS Chair Rushi Patel Vice-Chair Lucy Stevener Secretary Brandon Dansby Board Member Mona Chavarria Board Member Hugh Patton Board Member Reid Wendell EX-OFFICIO MEMBERS City of Pearland Clay Pearson PEDC Matt Buchanan Pearland Chamber Carol Artz-Bucek PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS Melissa Black Roxanne Luna-Larsen Brian Malone Valerie Marvin CITY OF PEARLAND STAFF MEMBERS Darrin Coker Tara Kilpatrick Rick Overgaard II. APPROVAL OF MINUTES Minutes of a Regular Meeting April 28, 2016 Page 2 II.Approval of Minutes: Secretary Dansby, seconded by Board Member Wendell to approve the minutes of the Regular Meeting of March 31, 2016. Motion Passed: 4 – 0 III.Public Comments: None IV.Financial Report A.Monthly Financial Report – February 2016 Tara Kilpatrick, Budget Officer, presented the February 2016 monthly report stating that revisions to accounts continue as financial software system continues to be implemented. B.Quarterly Investment Report Rick Overgaard, Assistant Director of Finance, presented the Quarterly Investment Report for the first quarter. Board Member Chavarria made a motion, seconded by Secretary Dansby, to approve the February 2016 Monthly Financial Report and the Quarterly Investment Report. Motion Passed: 6-0 Board Member Patton arrived at 5:05 p.m. Vice Chair Stevener arrived at 5:09 p.m. V.New Business A.Pearland Chamber Quarterly Report Carol Artz-Bucek, President/CEO of the Pearland Chamber of Commerce, presented the second quarter report for the business retention and expansion contract and Biz Connect Program. Vice Chair Stevener made a motion, seconded by Board Member Wendell, to approve the Pearland Chamber Quarterly Report. Motion Passed: 6-0 B.SH35 Redevelopment Strategy A synopsis of the completed SH 35 Redevelopment Strategy was presented by Bill Cunningham of Ricker Cunningham. The strategy outlines a vision for the SH 35 corridor to create a high-quality and consistently-designed employment and business environment with compatible land uses and supportive amenities. Vice Chair Stevener made a motion, seconded by Board Member Chavarria, to approve the strategy. Motion passed: 6-0 C.Public Hearing – Cullen Parkway Corridor Enhancements Public Hearing The Public Hearing was opened at 6:17 p.m. by Chairman Patel. There were no public comments. The Public Hearing was closed at 6:17 p.m. II. APPROVAL OF MINUTES Minutes of a Regular Meeting April 28, 2016 Page 3 D.Reimbursement Agreement with the City of Pearland for Cullen Parkway Corridor Enhancements and Long Term Maintenance and Operations of Public Rights-of-Way from Clear Creek to Broadway Street A reimbursement and maintenance agreement for Cullen Parkway corridor enhancements and long term maintenance and operations of the public rights-of- way from Clear Creek to Broadway Street was presented by President Buchanan. The agreement between the City of Pearland and PEDC will cover any costs that may exceed State funding sources, including installation of irrigation, grouped and tree plantings, and irrigation in public right of way. The agreement also calls for the PEDC to maintain the improvements from Clear Creek to Broadway, which will include but not limited to the entry feature, mowing, trimming, edging, clean up and trash removal, irrigation system maintenance and monthly electrical use. Secretary Dansby made a motion, seconded by Board Member Chavarria, to approve the Chairman to execute a reimbursement agreement with the City of Pearland for Cullen Parkway Phase II corridor enhancements (not to exceed $345,000) and long term maintenance and operations of public right-of-way from Clear Creek to Broadway. Motion Passed: 6-0 E.Lower Kirby District Entryway and Corridor Enhancements Master Plan A plan for the overall development of a Lower Kirby District brand, including signage, landscaping design, and materials selection was presented by President Buchanan. PEDC will fund the initial implementation of the entryway feature and landscaping improvements on Kirby Drive from Beltway 8 to Clear Creek, the maintenance of the improvements will likely be the responsibility of the Lower Kirby Pearland Management District and or the City of Pearland. Vice Chair Stevener made a motion, seconded by Board Member Chavarria to approve the Lower Kirby District Gateways and Corridor Enhancements Master Plan. Motion Passed: 6-0 F.Monthly Activity Report President Buchanan summarized ongoing activity, including the Pearland 20/20 Progress Update and the 2015 Active Agreements Compliance Report. Report submitted to file The meeting went into recess at 7:02 p.m. The Board reconvened and went into Executive Session at 7:19 p.m. VI.Other Business 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 #1603 3. Section 551.087 – Deliberations Regarding Economic Development Negotiations – Prospect #1604 4.Section 551.072 – Deliberations about real property; consideration and possible action – Regarding the lease of PEDC office space II. APPROVAL OF MINUTES Minutes of a Regular Meeting April 28, 2016 Page 4 The Board reconvened into Open Session at 8:05 p.m. New Business Continued: G.Economic Development Negotiations – Business Attraction/Retention Projects No action taken H.Economic Development Negotiations – Prospect #1603 Secretary Dansby made a motion, seconded by Board Member Wendell, to approve the President enter into a loan agreement with Prospect #1603 and or related entities for an amount not to exceed $50,000 Motion Passed: 6 - 0 I.Economic Development Negotiations – Prospect #1604 No action taken J.Real Property Consideration – Regarding the lease of PEDC office space Board Member Chavarria made a motion, seconded by Vice-Chair Stevener, to approve the President enter into a one year lease for interim office space with Moody Rambin at 11233 Shadow Creek Parkway. VII.Adjournment: The meeting was adjourned at 8:06 p.m. Minutes approved as submitted and/or corrected this ____________________ day of ______________________, A.D., 2016. ____________________________________ Rushi Patel, Chair ATTEST: _____________________________________ Lucy Stevener, Vice Chair II. APPROVAL OF MINUTES