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2019-02-28 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, FEBRUARY 28, 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 5:01 p.m. BOARD MEMBERS Chair Brandon Dansby Vice Chair Hugh Patton Secretary Mona Chavarria Board Member Reid Wendell Board Member Rushi Patel Board Member John Lyle Board Member Chad Thumann EX-OFFICIO MEMBERS PEDC Matt Buchanan City of Pearland Tom Reid City of Pearland Clay Pearson PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS Melissa Black Roxanne Luna -Larsen Brian Malone Valerie Marvin CITY OF PEARLAND Lawrence Provins John McDonald Kim Sinistore Minutes of a Regular Meeting February 28, 2019 Page 2 II. APPROVAL OF MINUTES Secretary Chavarria made a motion, seconded by Board Member Lyle, to approve the minutes of the Regular Meeting ofJanuary 28, 2019. Motion Passed: 5-0 III. PUBLIC COMMENTS None IV. FINANCIAL REPORT Board Member Patel and Vice Chair Patton arrived A. Monthly Financial Report —January 2019 Secretary Chavarria made a motion, seconded by Board Member Thumann to approve the January 2019 Financial Report Motion Passed 7-0 V. NEW BUSINESS A. Excuse the absence of Board Member Thumann from the January 28, 2019 meeting Vice Chair Patton made a motion, seconded by Board Member Wendell to excuse the absence of Board Member Thumann from the January 28, 2019 meeting. Motion Passed: 7-0 B. Public Hearing —Agreement with the City of Pearland for purchase of land, engineering design and construction of a drainage facility — Lower Kirby The Public Hearing was opened at 5:07 p.m. by Chairman Dansby. There were no public comments. The Public Hearing was closed at 5:07 p.m. C. Reimbursement Agreement with the City of Pearland for Lower Kirby Master Drainage Plan — Land Acquisition To facilitate regional detention, a key priority of the Lower Kirby Master Plan, the City will, on behalf of LKPMD and PMMD#1, purchase a parcel of land for future detention improvements. LKPMD estimates that they have their portion needed to fund the land acquisition. PMMD#1 does not have the funds to pay its portion of the cost, $32,097. The total cost will not be known until the acquisition is complete that could include condemnation. The City will finance the acquisition with PEDC funds and then be reimbursed by the District through letter finance agreements. As the District's bond proceeds become available the City will repay the funds back to the PEDC. Board Member Thumann made a motion, seconded by Vice Chair Patton, to approve the Chairman execute a reimbursement agreement with the City of Pearland for Lower Kirby Master Drainage Plan land acquisition, in an amount estimated to be $32,097, or the actual cost. Motion Passed: 7-0 D. Reimbursement Agreement with the City of Pearland for the SH 288 Corridor Master Improvement Plan — Clear Creek to Beltway 8 The managed lanes project will be completed in early 2020 and additional agreements are needed to complete the remaining aesthetic improvements of the SH 288 Corridor Master Improvement Plan. To complete the improvements, a reimbursement agreement with the City and a multi -party agreement between the City, Blueridge Transportation Group, LL (BTG) and Pearland Municipal Management District #2 (PMMD2) was presented to the Board. The Minutes of a Regular Meeting February 28, 2019 Page 3 multiparty agreement will allow the City to construct the improvements, with PMMD2 covering the maintenance in the Harris County portion from Clear Creek to Beltway 8. The reimbursement agreement will allow the PEDC to provide the City funding to construct improvements from BW8 to Clear Creek in an amount estimated to be $2,097,775 for construction and $50,000 for construction phase services. The construction contract will be presented to the Board for consideration late this year or early 2020. Board member Wendell made a motion, seconded by Vice Chair Patton, to approve the Chairman execute a reimbursement agreement with the City of Pearland to fund the construction of SH288 Corridor Aesthetic Improvements from Clear Creek to Beltway in an amount estimated to be $2,097,775. Motion Passed: 7-0 E. Pearland 20/20 Strategies Progress Update President Buchanan provided a final progress update on Strategies 4, 5 and 6, of the Pearland 20/20 Strategic Plan, which included Recreation and Culture, Beautification and Lower Kirby Urban Center. N o action taken F. Steering Committee Members for New Strategic Plan A steering committee will be formed as a new strategic plan is developed. It was recommended that the PEDC Board Chair and two Directors and three City Council members serve on the committee. The Board was requested to provide names of individuals they would like to see serve on the committee. Board will consider committee members at the March 28th Board meeting. N o action taken G. Monthly Activity Report —President Buchanan summarized ongoing activity No action taken The meeting went into recess at 5:48 p.m. The meeting reconvened and went into Executive Session at 5:58 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 The Board reconvened into Open Session at 6:24 p.m. VII. NEW BUSINESS CONTINUED: G. Economic Development Negotiations — Business Attraction/Retention Projects No action taken. H. Economic Development Negotiations — Project #1809 N o action taken. Minutes of a Regular Meeting February 28, 2019 Page 4 VIII. ADJOURNMENT: The meeting was adjourned at 6:24 p.m. Minutes approved as submitted and/or corrected this A.D., 2019. ATTEST: asp t944. Chair