2017-07-27 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, JULY 27, 2017 5:00 P.M., BOARD ROOM, PEDC
OFFICE, 11233 SHADOW CREEK PARKWAY, SUITE 235, PEARLAND, TEXAS.
CALL TO ORDER
The meeting was called to order at 5:02 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
Darrin Coker
Tom March
Kim Sinistore
II. Approval of Minutes
Board Member Wendell made a motion, seconded by Secretary Dansby to approve the minutes of the
Regular Meeting of June 22, 2017.
Motion Passed: 5-0
Minutes of a Regular Meeting
July 27, 2017
Page 2
III. Public Comments:
None
IV. Financial Report
Board Member Jefferson arrived
A. Monthly Financial Report — Chairman Patel asked for any questions regarding the May and June
2017 Financial Reports and the Quarterly Investment Report.
✓ ice Chair Stevener made a motion, seconded by Secretary Dansby, to approve the May and June
2017 Monthly Financial Report and the Quarterly Investment Report
Motion Passed: 6 -0
V. New Business
A. Excuse the absence of Chairman Patel and Board Member Chavarria from the meeting on June
22, 2017
✓ ice Chair Stevener made a motion, seconded by Board Member Chavarria, to excuse the
absence of Chairman Patel and Board Members Chavarria from the meeting on June 22, 2017.
Motion Passed: 6-0
Board Member Patton arrived
B. Chamber of Commerce Quarterly Report, March -June 2017 — Pearland Chamber of Commerce,
Senior Vice President, Cheryl Kepp, presented the Board with the Quarterly Report.
No action taken.
C. Update -Phase 2 of the Multi -Use Event Center Feasibility Study on Potential Facility Models with
CSL International
CSL International has completed and presented the Phase II of analysis for the multi -use events
center feasibility study. The analysis consisted of comparative cost/benefit analysis of the four
previously identified facility scenarios. The four scenarios include indoor amateur sports facility,
hotel + conference center outdoor amateur sports complex, and performing arts/cultural event
center. Bill Krueger, of CSL International, presented the findings.
N o action taken.
D. Monthly Activity Report - President Buchanan summarized ongoing activity
The meeting went into recess at 6:12 p.m.
The meeting reconvened and went into Executive Session at 6:24 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
#1407
3. Section 551.072 Acquisition of property
Minutes of a Regular Meeting
July 27, 2017
Page 3
4. Section 551.071 Consultation with city attorney — Regarding litigation associated with PEDC
facilities
The Board reconvened into Open Session at 7:21 p.m.
New Business Continued:
E. Economic Development Negotiations — Business Attraction/Retention Projects
N o action taken
Secretary Dansby recused himself for the discussion of the following item:
F. Economic Development Negotiations — Prospect #1407
Chairman Patel made a motion, seconded by Board Member Jefferson, to approve the President
negotiate and execute a performance agreement with Prospect #1407 or affiliated entity for the
actual cost of the drainage improvements, estimated to be $1.02M, and a reimbursement
agreement with the City of Pearland to fund the actual cost of design and construction of the
City's share of drainage and roadway improvements, estimated to be $1.2M.
Motion Passed: 7-0
G. Economic Development Negotiations — Acquisition of Property
N o action taken
H. Economic Development Negotiations - Regarding litigation associated with PEDC facilities
✓ ice Chair Stevener made a motion, seconded by Secretary Dansby, to authorize the President to
finalize an agreement for repairs to CSI building and execute the Settlement, Release, and
Indemnity Agreement with Linbeck Group, LLC once repairs are completed.
Motion Passed: 7-0
Adjournment: The meeting was adjourned at 7:22 p.m.
Minutes approved as submitted and/or corrected this
A.D., 2017.
ATTEST,'
tOener, ice Chair
day of
Ru hi Patel, Chair