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2016-09-30 PEARLAND ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTES MINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION (“PEDC”) BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS HELD THURSDAY, SEPTEMBER 29, 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 5:09 p.m. BOARD MEMBERS Chair Rushi Patel Vice-Chair Lucy Stevener Secretary Brandon Dansby Board Member Reid Wendell Board Member Hugh Patton Due to a conflict in schedule, Board Member Chavarria, was unable to attend the meeting EX-OFFICIO MEMBERS PEDC Matt Buchanan City of Pearland Mayor, Tom Reid PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS Melissa Black Valerie Marvin Roxanne Luna-Larsen CITY OF PEARLAND STAFF MEMBERS Jon Branson Tara Kilpatrick Tom March Rick Overgaard Minutes of a Regular Meeting September 29, 2016 Page 2 II. Approval of Minutes Secretary Dansby made a motion, seconded by Board Member Wendell to approve the minutes of the Regular Meeting of August 30, 2016. Motion Passed: 4 – 0 Vice Chair, Lucy Stevener, arrived III. Public Comments: None IV. Financial Report A. Monthly Financial Report – July 2016 B. Monthly Investment Report – July 2016 Tara Kilpatrick, Budget Officer, presented the July 2016 Monthly Financial Report. Rick Overgaard, Assistant Director of Finance presented the July 2016 investment report. Board Member Wendell, made a motion, seconded by Secretary Dansby, to approve the July 2016 Monthly Financial Report and Investment Report Motion Passed: 5-0 V. New Business A. Economic Alliance Houston Port Region – Annual Report Chad Burke, President and CEO of the Economic Alliance Houston Port Region, presented the 2016 Annual Report of Economic Development Activities. No action taken B. Business Retention and Expansion Program – Contract Renewal for Services with the Pearland Chamber of Commerce The current Business and Retention Services contract with the Pearland Chamber of Commerce expires on September 30, 2016. President Buchanan presented a contract renewal for one year beginning October 1, 2016 for a total compensation of $113,936. The contract will continue to require monthly meetings with Staff and the Chamber to monitor progress and quarterly reports to the Board. Vice Chair Stevener made a motion, seconded by Secretary Dansby, to approve the President enter into a contract for services with the Pearland Chamber of Commerce for business retention and expansion assistance for an amount not to exceed $113,936 or $9494.66 per month. Motion Passed: 5-0 C. Amendment to the Contract for PEDC to provide Administrative Services to the Pearland Municipal Management District #2 The current contract for the PEDC to provide administrative services to the Pearland Municipal Management District #2 expires on November 21, 2016. President Buchanan presented the Board an amendment to the terms of the current contract, extending the contract to November 21, 2019. Minutes of a Regular Meeting September 29, 2016 Page 3 Vice Chair Stevener made a motion, seconded by Board Member Patton, to approve the President amend the Administrative Services Contract with Pearland Municipal Management District #2, extending it to November 21, 2019 Motion Passed: 5-0 D. Lower Kirby District - Kirby Drive Entryway and Corridor Enhancements Final Design and Cost Estimate The Board concurred with the proposed scope of the Kirby Drive Entryway and Corridor Enhancements Final Design and cost estimates, which includes two Gateway signs, one at Beltway 8 and at Clear Creek, enhanced landscaping, replanting of trees in the median electricity extensions to the sign and irrigation to the enhanced areas. Staff will bring back bids and reimbursement agreement with the City on the December 8, 2016 Board meeting. No action taken E. 2017 PEDC Board meeting dates President Buchanan presented the Board with meeting dates for 2017. Secretary Dansby made a motion, seconded by Board Member Patton, to approve the 2017 Board meetings dates Motion Passed: 5-0 F. Election of officers PEDC Board by-laws require that Board officers be elected on a yearly basis. The Board nominated that the current officers remain in place which includes: Chair, Rushi Patel; Vice Chair, Lucy Stevener; Secretary, Brandon Dansby. Board Member Patton made a motion, seconded by Board Member Wendell to approve Rushi Patel as Chair, Lucy Stevener as Vice-Chair, and Brandon Dansby as Secretary. Motion Passed: 5-0 G. Monthly Activity Report President Buchanan summarized ongoing activity The meeting went into recess at 5:57 p.m. The Board reconvened and went into Executive Session at 6:06 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 #1602 3. Section 551.087 – Deliberations Regarding Economic Development Negotiations – Land acquisition The Board reconvened into Open Session at 6:25 p.m. Minutes of a Regular Meeting September 29, 2016 Page 4 New Business Continued: H. Economic Development Negotiations – Business Attraction/Retention Projects No action taken I. Economic Development Negotiations – Prospect #1602 Secretary Dansby made a motion, seconded by Vice Chair Stevener, to approve the Chairman execute a Reimbursement Agreement with City of Pearland for Prospect #1602 in an amount estimated to be $189,000. J. Economic Development Negotiations – Land Acquisition Board Member Wendell made a motion, seconded by Vice Chair Stevener, to proceed with land acquisition as discussed in Executive Session. VII. Adjournment: The meeting was adjourned at 6:27 p.m. Minutes approved as submitted and/or corrected this ____________________ day of ______________________, A.D., 2016. ____________________________________ Rushi Patel, Chair ATTEST: _____________________________________ Lucy Stevener, Vice Chair