2017-04-27 PEARLAND ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTESTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD
DIRECTORS OF THE CITY OF PEARLAND, TEXAS HELD THURSDAY, APRIL 27, 2017 5 00 P.M., BOARD ROOM,
?EDC OFFICE, 11233 SHADOW CREEK PARKWAY, SUITE 235, 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 Celeste Jefferson
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 ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Brian Malone
Roxanne Luna -Larsen
Valerie Marvin
CITY OF PEARLAND STAFF MEMBERS
Rick Overgaard
Darrin Coker
Trent Epperson
Tom March
Minutes of a Regular Meeting
April 27, 2017
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 March 30, 2017.
Motion Passed 6-0
III. Public Comments:
None
IV. Financial Report
A. Monthly Financial Report March 2017 — Chairman Patel asked for any questions regarding the
March 2017 Financial Report and discussed the need to include reimbursements from Lower
Kirby Management District in the review.
B. FY 2016 Audit — Assistant Director of Finance, Rick Overgaard, presented the FY 2016 Audit,
stating that there were no deficiencies or comments from the auditing agency.
Board Member Chavarria made a motion, seconded by Board Member Wendell, to approve both
the March 30, 2017 Monthly Financial Report and the FY 2016 Audit as presented.
Motion Passed: 6 -0
V. New Business
A. Excuse the absence of Board Member Chavarria from the meeting of March 30, 2017.
Board Member Jefferson made a motion, seconded by Board Member Wendell, to excuse the
absence of Board Member Chavarria from the March 30, 2017 meeting.
Motion Passed: 6-0
B. Chamber of Commerce Quarterly Report: Senior Vice President of the Pearland Chamber of
Commerce, Cheryl Kepp presented the second quarter BizConnect report and provided an
update to the Board.
No action taken.
Board member Patton arrived
C. Update from CSL International Market Analysis Phase of Multi -use Events Center Feasibility Study
—The Market Analysis phase of the feasibility study for the multi -use events center has been
completed and Bill Krueger, of CSL International, presented the findings and recommendations.
No action taken.
D. Monthly Activity Report - President Buchanan summarized ongoing activity
The meeting went into recess at 6:37 p.m.
The Board reconvened and went into Executive Session at 6:49 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
Minutes of a Regular Meeting
April 27, 2017
Page 3
2. Section 551.087 — Deliberations regarding economic development negotiations — Project
#1503
3. Section 551.087 — Deliberations regarding economic development negotiations — Project
# 1508
4. Section 551.087 — Deliberations regarding economic development negotiations — Project
# 1610
5. Section 551.087 — Deliberations regarding economic development negotiations — Project
#1702
6. SECTION 551.072 — Acquisition of property
The Board reconvened into Open Session at 7:22 p.m.
New Business Continued:
E. Economic Development Negotiations — Business Attraction/Retention Projects
No action taken
Economic Development Negotiations — Prospect #1503
Board Member Chavarria made a motion, seconded by Secretary Dansby, to approve the
President to negotiate and enter into a revised loan agreement with prospect #1503 for an
amount not to exceed $1,152,000.
G. Economic Development Negotiations — Prospect #1508
Board Member Chavarria made a motion, seconded by Secretary Dansby, to approve the
President to negotiate and enter into a loan agreement with prospect #1508 for an amount not
to exceed $45,000.
H. Economic Development Negotiations — Prospect #1610
N o action taken.
I. Economic Development Negotiations — Prospect #1702
N o action taken.
•
J. Economic Development Negotiations — Acquisition of property
N o action taken.
VII. Adjournment: The meeting was adjourned at 7:23 p.m.
Minutes approved as submitted and/or corrected this Q0lien day of
A.D., 2017.
ATTEST:
Lu Sty €Vi' e Chair
ushi;'atel, Chair