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2021-07-29 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, JULY 29, 2021, 5:00 P.M. I. CALL TO ORDER The meeting was called to order at 5:03 p.m. BOARD MEMBERS Secretary Chad Thumann Board Member Antonio Johnson Board Member Hugh Patton Board Member David Selsky EX-OFFICIO MEMBERS PEDC Matt Buchanan City of Pearland Clay Pearson Pearland Chamber of Commerce Jim Johnson PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS Melissa Black Jess Byerly Valerie Marvin Roxanne Luna -Larsen Brian Malone CITY OF PEARLAND Ron Fraser Trent Epperson Lawrence Provins Tom Reid Tracy Rohrbacher Kristen Wooley II. APPROVAL OF MINUTES Board Member Johnson made a motion, seconded by Board Member Selsky, to approve the minutes of the regular meeting of June 24, 2021 and special meeting of July 1, 2021 Motion Passed: 4 — 0 Minutes of a Regular Meeting July 29, 2021 Page 2 III. PUBLIC COMMENTS None IV. FINANCIAL REPORT A. Monthly Financial Report -June 2021 B. Financial Audit President Buchanan presented the June 2021 Financial Report and 2020 Financial Audit Report. Board Member Selsky made a motion, seconded by Board Member Patton, to approve the June 2021 Financial Report and 2020 Financial Audit Report. Motion Passed: 4 - 0 V. NEW BUSINESS A. Excuse the absences of Board Members Lyle, Thumann and Patton from the Regular and Special meetings on June 24, 2021 and July 1, 2021 Board Member Selsky made a motion, seconded by Board Member Johnson, to excuse the absence of Board Members Lyle, Thumann and Patton from the Regular and Special meetings on June 24, 2021 and July 1, 2021 Motion Passed: 4 — 0 B. The Pearland Convention and Visitors Bureau (CVB) Report Tracy Rohrbacher, CVB Executive Director, presented an update to the CVB's recent projects and activities. C. Pearland Chamber of Commerce Quarterly Biz Connect Report Pearland Chamber President/CEO Jim Johnson presented the Third Quarter Biz Connect Report. Board Member Johnson made a motion, seconded by Board Member Selsky, to accept the Pearland Chamber of Commerce Quarterly Biz Connect Report. Motion Passed: 4 — 0 D. General Service Contracts for Entryway and Corridor Enhancements Maintenance Three contracts for landscape maintenance of entryway and corridors were presented to the Board. The first contract was with Landscape Art, Inc. for $174,901 23 for the entryway and medians on Cullen Parkway and entryways on Dixie Farm Road, Broadway East and Yost. The second contract was with Silversand Services for $193,151 23 to service SH 35 and the third with Yellowstone Landscape for $68,391 25 for Pearland Parkway. All three contracts will provide maintenance such as mowing, weeding, trimming, and repairing of irrigation equipment. Board Member Johnson made a motion, seconded by Board Member Selsky, to approve the President enter into a contract with Landscape Art, Inc for the amount of $174,901 23; with Silversand Services for the amount of $193,151 23; and Yellowstone Landscape for the amount of $68,391 25 Motion Passed: 4 — 0 Minutes of a Regular Meeting July 29, 2021 Page 3 E Indoor Sports Facility Next Steps Staff presented a proposal from Sports Facilities Advisory, LLC (SFA) for additional Finance Support Services that would advance the Pearland Prosperity Plan initiative of an indoor amateur sports facility in Pearland. The scope of work includes identifying funding sources and mechanisms that may be available to attract investment to the projects. Board Member Selsky made a motion, seconded by Board Member Johnson, to approve the President to enter into a Professional Services Agreement with Sports Facilities Advisory, LLC for an amount of $45,000 plus reimbursable expenses up to $5,000 for advisory services related to a potential indoor amateur sports facility. Motion Passed: 3 —1 Opposed: Thumann F. Monthly Activity Report — President Buchanan summarized ongoing activity. No action taken. The meeting went into recess at 5:57 p.m. The meeting reconvened and went into Executive Session at 6:08 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 — Prospect — #2104 3. Section 551 087 — Deliberations Regarding Economic Development Negotiations — Prospect #2023 4. Section 551 087 — Deliberations Regarding Economic Development Negotiations is Prospect #1903 5. Section 551 072 — Deliberations Regarding the Lease, Purchase, Or Sale Of Real Property —14740 Kirby Drive The Board closed Executive Session and reconvened into Open Session at 6:30 p.m. VII. NEW BUSINESS CONTINUED Consideration and Possible Action: Deliberations Regarding the Lease, Purchase or Sale of Real Property — #2104 Board Member Selsky made a motion, seconded by Board Member Johnson, to approve the Chairman enter into a Reimbursement Agreement with the City of Pearland to fund public infrastructure costs in an amount not to exceed $1,256,000 and approve the President to negotiate and enter into a Development Agreement with Prospect #2104 and the City of Pearland or related entity for an amount not to exceed $214,000 as discussed in executive session. Motion Passed: 4-0 Minutes of a Regular Meeting July 29, 2021 Page 4 H. Consideration and Possible Action: Deliberations Regarding Economic Development Negotiations — Prospect #2023 Board Member Johnson made a motion, seconded by Board Member Selsky to approve the President to negotiate and enter into an amended infrastructure reimbursement agreement with Prospect #2023 for an amount not to exceed $54,200 as discussed in executive session. Motion Passed: 4 - 0 Consideration and Possible Action: Deliberations Regarding Economic Development Negotiations — Prospect#1903 No action taken. J. Consideration and Possible Action: Deliberations Regarding the Lease, Purchase or Sale of Real Property —14740 Kirby Drive No action taken. VIII. ADJOURNMENT: The meeting adjourned at 6:32 p.m. Minutes approved as submitted and/or corrected this A D., 2021 Chair ATTEST: day of ,