2019-04-25 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, APRIL 25, 2019, 5 00 P.M., BOARD ROOM,
PEDC OFFICE, 3519 LIBERTY DRIVE, SUITE 350, PEARLAND, TEXAS.
I. CALL TO ORDER
The meeting was called to order at 5:02 p.m.
BOARD MEMBERS
Chair Brandon Dansby
Vice -Chair Hugh Patton
Secretary Mona Chavarria
Board Member Rushi Patel
Board Member Chad Thumann
Board Member John Lyle
Board Member Reid Wendell
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
Jessica Byerly
Roxanne Luna -Larsen
Brian Malone
Valerie Marvin
CITY OF PEARLAND
Jon Branson
Darrin Coker
Trent Epperson
Christine Turner
Minutes of a Regular Meeting
April 25, 2019
Page 2
II. APPROVAL OF MINUTES
Board Member Thumann made a motion, seconded by Board Member Lyle, to approve the minutes of the
Regular Meeting of March 28, 2019.
Motion Passed 7-0
III. PUBLIC COMMENTS
None
IV. FINANCIAL REPORT
A. Monthly Financial Report — March 2019
President Buchanan presented the March 2018 Financial Report.
Secretary Chavarria made a motion, seconded by Board Member Lyle, to approve the March
2019 Financial Report
Motion Passed 7-0
V. NEW BUSINESS
A: Excuse the absence of Vice Chair Patton from the March 28, 2019 meeting.
Board Member Thumann made a motion, seconded by Board Member Lyle, to excuse the
absence of Vice Chair Patton from the March 28, 2019 meeting.
Motion Passed: 7-0
B. Pearland Chamber of Commerce Quarterly Biz Connect Report
President of the Pearland Chamber of Commerce, Carol Artz-Bucek, presented the Second
Quarter report.
Secretary Chavarria made a motion, seconded by Board Member Lyle, to approve the Second
Quarter BizConnect report.
Motion Passed: 7-0
C. Indoor Amateur Sports Facility - Phase II Financial Forecast Presentation
Sports Facilities Advisory (SFA) completed the Financial Forecast (Phase II) for a potential indoor
sports facility in Pearland. Dan Morton presented the analysis which included a 5-year revenue
and expense breakdown, cash flows, economic impact, and 20-year financial outlook for a facility
with turf and one without turf. Staff will work with SFA to answer board questions and present
responses at May meeting.
No action taken.
Monthly Activity Report — President Buchanan summarized ongoing activity.
No action taken.
The meeting went into recess at 6:18 p.m.
The meeting reconvened and went into Executive Session at 6:32 p.m.
VI. OTHER BUSINESS
Executive Session Under Texas Government Code
1. SECTION 551.072 — DELIBERATIONS REGARDING THE LEASE OR SALE OF REAL PROPERTY Professional Services Agreement for Real Estate Advisory Services
Minutes of a Regular Meeting
April 25, 2019
Page 3
2 Section 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Update on Business Attraction/Retention Projects
3. SECTION 551 087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS
Project #1901
4. SECTION 551 087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Project #1902
5. SECTION 551 087 — PERSONNEL MATTERS — Discussion with the City Manager regarding the
PEDC President's compensation
The Board reconvened into Open Session at 8814 p.m.
VII. NEW BUSINESS CONTINUED:
E. Deliberations Regarding the Lease or Sale of Real Property - Professional Services Agreement for
Real Estate Advisory Services
Board Member Lyle made a motion, seconded by Board Member Wendell, for the President to
enter into a contract with the Stan Johnson Company for the Real Estate Services related to CSI
facility, located at 14740 Kirby Drive.
Motion Passed: 7-0
F. Economic Development Negotiations — Business Attraction/Retention Projects
No action taken
G. Economic Development Negotiations — Project #1901
Board Member Lyle made a motion, seconded by Secretary Chavarria, to approve the President
to negotiate and enter into a loan agreement with Prospect #1901 and related entities for an
amount not to exceed $116,000.
Motion Passed: 7-0
H. Economic Development Negotiations — Project #1902
No action taken
I. Personnel Matters - Discussion with the City Manager regarding the PEDC President's
compensation
No action taken
VIII. ADJOURNMENT:
The meeting was adjourned at 8:16 p.m.
Minutes approved as submitted and/or corrected this day of ,
A.D., 2019.
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