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2017-05-25 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, MAY 25, 2017 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 Rush i Patel Secretary Brandon Dansby Board Member Mona Chavarria 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 Trent Epperson Tom March Lawrence Provins Kim Sinistore Minutes of a Regular Meeting May 25, 2017 Page 2 II. Approval of Minutes Secretary Dansby made a motion, seconded by Board Member Chavarria to approve the minutes of the Regular Meeting of April 27, 2017. Motion Passed: 4-0 III. Public Comments: None IV. Financial Report A. Monthly Financial Report, April 2017 — Chairman Patel asked for any questions regarding the April 2017 Financial Report. Secretary Dansby made a motion, seconded by Board Member Chavarria, to approve the April 27, 2017 Monthly Financial Report. Motion Passed: 4 -0 V New Business A. Phase 2 of Feasibility Study on Potential Facility Models with CSL International: President Buchanan requested that the Board choose a third and possibly a fourth facility model/scenario to be studied as part of the Market Analysis by CSL International for a potential new Multi -Use Events Center in Pearland. The agreement with CSL includes the analysis for three facility models. CSL previously identified two potential supportable programs including an indoor amateur sports facility and a hotel + conference center. The two additional scenarios that had the most positive feedback at both the April 27, 2017 board meeting and the Pearland 20/20 Steering Team meeting were an Outdoor Amateur Sports Complex and Performing Arts/ Cultural Event Venue. Board member Chavarria made a motion, seconded by Board member Wendell to proceed with Market Supportable Program Analysis for an Indoor Amateur Sports Facility, a Hotel + Conference Center, and an Outdoor Amateur Sports Complex and approve the President to amend the agreement with CSL International for an additional $3,500 to include a Performing Arts/Cultural Event Venue in the Market Supportable Program Analysis. B. Monthly Activity Report - President Buchanan summarized ongoing activity The meeting went into recess and Executive Session at 5:17 p.m. VI. Other Business Executive Session Under Texas Government Code Section 551.087 — Deliberations regarding economic development negotiations — Update on Business Attraction/Retention Projects Section 551.087 — Deliberations regarding economic development negotiations — Project #1703 3. Section 551.087 — Deliberations regarding economic development negotiations — Project #1602 The Board reconvened into Open Session at 5:41 p.m. Minutes of a Regular Meeting May 25, 2017 Page 3 New Business Continued: E. Economic Development Negotiations — Business Attraction/Retention Projects No action taken F. Economic Development Negotiations — Prospect #1703 Chairman Patel made a motion, seconded by Secretary Dansby, to approve the President to negotiate and enter into a loan agreement with Prospect #1703 and related entities for an amount not to exceed $40,000. G. Economic Development Negotiations — Prospect #1602 No action taken. Adjournment: The meeting was adjourned at 5:41 p.m. Minutes approved as submitted and/or corrected this or A.D., 2017. ATTEST: Lucy Ste - er, Vice Chair day of Rush ` Pat:;a, Chair :LA,Lt i /