2019-01-31 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, JANUARY 31, 2019, 5:00 P.M., BOARD ROOM,
PEDC OFFICE, 3519 LIBERTY DRIVE, SUITE 350, PEARLAND, TEXAS.
CALL TO ORDER
The meeting was called to order at 5:02 p.m.
BOARD MEMBERS
Chair Mona Chavarria
Secretary Reid Wendell
Board Member Rushi Patel
Board Member Brandon Dansby
Board Member John Lyle
Board Member Hugh Patton
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Tom Reid
City of Pearland Clay Pearson
Pearland Chamber of Commerce Carol Artz-Bucek
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Roxanne Luna -Larsen
Brian Malone
Valerie Marvin
CITY OF PEARLAND
Jon Branson
Darrin Coker
Rhonda Daughtery
Trent Epperson
John McDonald
Minutes of a Regular Meeting
January 31, 2019
Page 2
II. APPROVAL OF MINUTES
Board Member Dansby made a motion, seconded by Board Member Patton, to approve the minutes of
the Regular Meeting of December 6, 2018.
Motion Passed: 4-0
11I. PUBLIC COMMENTS
None
IV. FINANCIAL REPORT
A. Monthly Financial Report — November and December 2018
B. Quarterly Investment Report
President Buchanan presented the November and December 2018 Financial Report and the
Quarterly Investment Report.
No action taken.
V. NEW BUSINESS
A. Excuse the absence of Secretary Wendell from the December 6, 2018 meeting
Board Member Dansby made a motion, seconded by Board Member Patton to excuse the
absence of Secretary Wendell from the December 6, 2018 meeting.
Motion Passed: 4-0
Board Member Patel arrived
B. Pearland Chamber of Commerce Quarterly Biz Connect Report
President of the Pearland Chamber of Commerce, Carol Artz-Bucek presented the first quarter
report. Board Member Dansby made a motion, seconded by Secretary Wendell, to approve the
First Quarterly BizConnect report.
Motion Passed: 5-0
C. Board Officer Succession Plan
Per the request of Chairman Chavarria, President Buchanan prepared a possible officer
succession plan that would have members rotate all officer positions on an annual basis
beginning in 2020. The plan assumes all members serve a total of six years and would want to
serve as an officer.
Chavarria announced, that for personal reasons, she will resign her position as Chair and asked
for nominations to fill the vacancy. Patel nominated Patton and Patton nominated Dansby. By a
show of hands, all members present voted. Chavarria, Dansby, Patton and Wendell voted for
Dansby; Patel voted for Patton. Dansby was elected Chair, 4-1.
Nominations were also entertained for Vice -Chair. Patel nominated Thumann and Dansby
nominated Patton. By a show of hands, all members present voted. Chavarria, Dansby, Patton
and Wendell voted for Patton; Patel voted for Thumann. Patton was elected Vice -Chair, 4-1.
Chavarria nominated Wendell for Secretary and Dansby nominated Chavarria. By a show of
hands, all members present voted. Chavarria, Dansby, Patton, Patel and Wendell voted for
Chavarria. Chavarria was elected Secretary, 5-0.
Board Member Lyle arrived
Minutes of a Regular Meeting
January 31, 2019
Page 3
D. Reimbursement Agreement with the City of Pearland for Broadway East Entryway Sign
Competitive sealed proposal have been received for the Broadway East Entryway Sign located
near the eastern city limits on the north side of Broadway. A reimbursement agreement with the
City of Pearland and the award of a construction contract is the next step in the process.
Board Member Patel made a motion, seconded by Board Member Dansby, to approve the
construction and for the Chair to execute a reimbursement agreement with the City of Pearland
to fund the construction of Broadway East Entryway Sign in an amount of $264,000 or the actual
cost.
Motion Passed: 6-0
Pearland 20/20 Progress Update
President Buchanan provided a final progress update on the first three key strategies of the
Pearland 20/20 Strategic Plan, which included Economic Development, Mobility Projects and
Corridors and Character Districts.
N o action taken
Monthly Activity Report — President Buchanan summarized ongoing activity
N o action taken.
The meeting went into recess at 6:11 p.m.
The meeting reconvened and went into Executive Session at 6:22 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 —
Project #1809
3. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Project #1405
The Board reconvened into Open Session at 6:40 p.m.
VII. NEW BUSINESS CONTINUED:
G. Economic Development Negotiations — Business Attraction/Retention Projects
N o action taken.
G. Economic Development Negotiations — Project #1805
N o action taken.
H. Economic Development Negotiations —Project #1405
Board Member Dansby made a motion, seconded by Secretary Wendell, to approve the
president to negotiate and enter into an amended loan agreement with Prospect #1405 and
related entities for an amount not to exceed $189,000.
Motion Passed: 6-0
Minutes of a Regular Meeting
January 31, 2019
Page 4
VIII. ADJOURNMENT:
The meeting was adjourned at 6:40 p.m.
Minutes approved as submitted and/or corrected this day of
A.D., 2019.
ATTEST:
Vice -Chair
Chair