2016-08-30 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 TUESDAY, AUGUST 30, 2016 5:00 P.M., BOARD ROOM,
PEDC OFFICE, 11233 SHADOW CREEK PARKWAY, SUITE 235, 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 Brandon Dansby
Board Member Mona Chavarria
Board Member Hugh Patton
Board Member Reid Wendell
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Mayor Tom Reid
City of Pearland Clay Pearson
Pearland Chamber Carol Artz-Bucek
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Brian Malone
Valerie Marvin
Roxanne Luna -Larsen
CITY OF PEARLAND STAFF MEMBERS
Tara Kilpatrick
Rick Overgaard
Cynthia Pearson
Minutes of a Regular Meeting
August 30, 2016
Page 2
II. Approval of Minutes
Secretary Dansby made a motion, seconded by Vice Chair Stevener, to approve the minutes of the Regular
Meeting of July 28, 2016, adding Mayor Tom Reid as in attendance, and the Special Meeting of August 8,
2016.
Motion Passed: 5 — 0
III. Public Comments:
Carol Artz-Bucek spoke and stated she appreciated the new office location and amenities.
IV. Financial Report
A. Monthly Financial Report —June 2016
Board Member Patton arrived.
City of Pearland Budget Officer, Tara Kilpatrick, presented the June 2016 monthly financial and
quarterly investment report.
Board Member Chavarria, made a motion, seconded by Board Member Wendell, to approve the
June 2016 Monthly Financial Report.
Motion Passed: 6-0
V. New Business
A. Pearland Chamber of Commerce Quarterly Update
Carol Artz-Bucek, President and CEO of the Pearland Chamber of Commerce, presented the third
quarter report for the Business Retention and Expansion contract with the Chamber of
Commerce
No action taken
B. SH 35 Gateways and Corridor Enhancement Concept Plan
President Buchanan reviewed the SH 35 Gateways and Corridors Enhancement Concept Plan
from Beltway 8 to Broadway to implement one of the five catalyst projects on SH 35 Corridor
Redevelopment Strategy
Board Member Chavarria made a motion, seconded by Vice Chair Stevener, to approve the
approve the SH35 Gateways and Corridor Enhancement Concept Plan
Motion Passed: 6-0
C. Professional Services Agreement with Clark Condon for SH 35 Gateways and Corridor
Enhancement Concept Plan — Phase I
President Buchanan presented the Board a Professional Services Agreement for Design services
for the first phase of the SH 35 Gateways and Corridor Enhancement Concept Plan. The Board
requested that Staff review the option of completing in one phase and not in four phases as
outlined. Staff will come back to the Board next month with an option to do the entire project in
one phase and will move forward with proposed Phase I in the interim.
Board Member Chavarria made a motion, seconded by Vice Chair Stevener, to approve the
President enter into a Professional Services Contract with Clark Condon for SH35 Streetscape
Phase I Design Development for $117,000.
Motion Passed: 6-0
D. Monthly Activity Report
President Buchanan summarized ongoing activity
Minutes of a Regular Meeting
August 30, 2016
Page 3
The meeting went into recess at 6:04 p.m.
The Board reconvened and went into Executive Session at 6:13 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
#1503
3. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1401
4. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1607
5. Section 551.087 — Deliberations Regarding Economic Development Negotiations — Prospect
#1602
The Board reconvened into Open Session at 6:59 p.m.
New Business Continued:
E. Economic Development Negotiations — Business Attraction/Retention Projects
No action taken
F. Economic Development Negotiations — Prospect #1503
Secretary Dansby made a motion, seconded by Board Member Wendell, to approve the
President negotiate and enter into a revised loan agreement with Prospect #1503 for an amount
not to exceed $1,152,000.
Motion Passed 6-0
G. Economic Development Negotiations — Prospect # 1401
Board Member Chavarria made a motion, seconded by Vice -Chair Stevener, to approve the
President negotiate and enter into a loan agreement with Prospect #1401 to revise the loan
payments, extend the date require to receive a certificate of occupancy and begin operations
subject to an approved site plan.
Motion Passed: 6-0
H. Economic Development Negotiations —
No action taken
I. Economic Development Negotiations —
No action taken
Project #1607
Project #1602
Minutes of a Regular Meeting
August 30, 2016
Page 4
VII. Adjournment: The meeting was adjourned at 7:00 p.m.
VII. Adjournment: The meeting was adjourned at 7:00 p.m.
Minutes approved as submitted and/or corrected this
A.D., 2016.
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