2019-10-30 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 WEDNESDAY, OCTOBER 30, 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 5:00 p.m.
BOARD MEMBERS
Chair Brandon Dansby
Vice Chair Hugh Patton
Secretary Mona Chavarria
Board Member Rushi Patel
Board Member Chad Thumann
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Clay Pearson
Pearland Chamber of Commerce Carol Artz-Bucek
Mayor Tom Reid
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Jessica Byerly
Roxanne Luna -Larsen
Brian Malone
Valerie Marvin
CITY OF PEARLAND
Trent Epperson
John McDonald
Minutes of a Regular Meeting
October 30, 2019
Page 2
II. APPROVAL OF MINUTES
Board Member Patel made a motion, seconded by Board Member Thumann, to approve the minutes of
the Regular Meeting of September 26, 2019.
Motion Passed: 4-0
III. PUBLIC COMMENTS
New Board Member, Antonio Johnson, was introduced to the Board by President Buchanan
IV. FINANCIAL REPORT
A. Monthly Financial Report — September 2019
B. Quarterly Investment Report
President Buchanan presented the September 2019 Financial Report and the Quarterly
Investment Report.
Board Member Thumann made a motion, seconded by Secretary Chavarria, to approve the
September 2019 Financial Report and the Quarterly Investment Report.
Motion Passed: 4-0
V. NEW BUSINESS
A. Excuse the absence of Board Member Lyle from the Regular Meeting on September 26, 2019
Board Member Patel made a motion, seconded by Secretary Chavarria, to excuse the absence of
Board Member Lyle from the Regular Meeting on September 26, 2019.
Motion Passed: 4-0
Vice Chair Patton arrived
B. Pearland Chamber of Commerce Quarterly Biz Connect Report
Carol Artz-Bucek, Pearland Chamber CEO presented the fourth quarter BizConnect report and
provided an update to the Board.
No action taken.
C. Strategic Plan — Draft Strategic Plan Presentation
Matt DeVeau with Market Street presented a revised draft strategic plan based on the feedback
received at the August 21, 2019 meeting where a draft of the plan was presented. President
Buchanan asked for input on the draft strategic plan.
No action taken.
D. Amendment to the FY 2019-20 Budget and Carryovers
President Buchanan presented to the Board amendments to the approved Fiscal Year 2019-20
Budget that carry over unspent funds from items budgeted in last fiscal year to our current FY
2019-20. The amendments will increase expenditures from $19.9 M to $21.4M for a total
increase of $1.5M. If approved by the Board, the amendments will be considered by City Council
before the end of the year.
Minutes of a Regular Meeting
October 30, 2019
Page 3
Board Member Patel made a motion, seconded by Secretary Chavarria, to approve amending the
FY 2019-2020 budget to reflect total revenue of $12,743,116 and expenditures of $21,483,786.
Motion Passed: 5-0
E. Monthly Activity Report — President Buchanan summarized ongoing activity.
No action taken.
The meeting went into recess at 5:46 p.m.
Board Member Patel left the meeting and did not participate in the Executive Session
The meeting reconvened and went into Executive Session at 5:55 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 #1906
The Board reconvened into Open Session at 6:09 p.m.
VII. NEW BUSINESS CONTINUED:
No action taken on Item #1906.
VIII. ADJOURNMENT:
The meeting was adjourned at 6:09 p.m.
Minutes approved as submitted and/or corrected this t k I t
A.D., 2019.
ATTEST:
Vice -Chair
Chair
day of UQ r._,