2018-09-17 PEARLAND ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTESMINUTES OF A SPECIAL MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CdRIONArfibNS(eMEI -137O3ASM
OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS HELD MONDAY, SEPTEMBER 17, 2018, 5:15 P.M , BOARD ROOM,
PEDC OFFICE, 3519 LIBERTY DRIVE, SUITE 350, PEARLAND, TEXAS.
CALL TO ORDER
The meeting was called to order at 5:17 p.m.
BOARD MEMBERS
Chair Brandon Dansby
Vice -Chair Hugh Patton
Secretary Mona Chavarria
Board Member Rushi Patel
Board Member Chad Thumann
Board Member Reid Wendell
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Tom Reid
City of Pearland Clay Pearson
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Valerie Marvin
Roxanne Luna -Larsen
CITY OF PEARLAND
Jon Branson
Tony Carbone
Darrin Coker
Trent Epperson
Rhonda Daugherty
John McCarter
Cynthia Pearson
Trent Perez
II. MINUTES - September 17, 2018
Minutes of a Special Meeting
September 17, 2018
Page 2
II. PUBLIC COMMENTS
None
III. NEW BUSINESS
Board Member Wendell arrived
A. FY 2018-19 Budget
President Buchanan presented Pearland City Council's request that the PEDC Board consider
revising the current budget for FY 2018-19 to include funding to retire the Corporation's
outstanding debt.
Board Member Patel made a motion, seconded by Secretary Chavarria, to approve revising the FY
2018-19 budget to reflect the payoff of outstanding debt of approximately $12.9M and to change
interest income accordingly.
Motion Passed: 6-0
Adjournment: The meeting was adjourned at 5:30 p.m.
SMinutes approved as submitted and/or corrected this dayalatn p ofp / LQA,
A.D., 2018.
ATTEST:
Hugh Patton, Vice Chair
Brandon Dansby, Chair