2021-06-24 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, JUNE 24 2021, 5:00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:01 p.m.
BOARD MEMBERS
Chairman Reid Wendell
Vice Chair Mona Chavarria
Board Member Antonio Johnson
Board Member David Selsky
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Clay Pearson
City of Pearland Kevin Cole
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Jess Byerly
Valerie Marvin
Roxanne Luna -Larsen
Brian Malone
CITY OF PEARLAND
Darren Coker
Trent Epperson
John McDonald
Lawrence Provins
Rance Rhame
Vance Riley
Tom Reid
Kristen Woolley
Minutes of a Regular Meeting
June 24, 2021
Page 2
II. APPROVAL OF MINUTES
Vice Chair Chavarria made a motion, seconded by Board Member Johnson, to approve the minutes of the
regular meeting of May 20, 2021.
Motion Passed: 4 - 0
III. PUBLIC COMMENTS
None
IV. FINANCIAL REPORT
A. Monthly Financial Report - April and May 2021
B. Quarterly Investment Report
President Buchanan presented the April and May 2021 Financial Reports and the Quarterly
Investment Report.
Board Member Johnson made a motion, seconded by Board Member Selsky, to approve the April
and May 2021 Financial Reports and the Quarterly Investment Report.
Motion Passed: 4 - 0
V. NEW BUSINESS
A. Excuse the absence of Board Member Lyle and Vice Chair Chavarria from the regular meeting of
May 20, 2021.
Chairman Wendell made a motion, seconded by Board Member Selsky, to excuse the absence of
Board Member Lyle and Vice Chair Chavarria from the regular meeting of May 20, 2021.
Motion Passed: 4-0
B. FY2021-22 Program of Work
President Buchanan presented the proposed 2021-22 Program of Work.
Board Member Selsky made a motion, seconded by Board Member Johnson, to approve of the
proposed 2021-22 Program of Work.
Motion Passed: 4 - 0
C, Public Hearing - FY2021-22 Budget and Related Projects
The Public Hearing for the FY2021-22 Budget and Related Projects was opened at 5:07 p.m.
There were no registrants for the public comments and the public hearing was closed at 7:11
p.m.
D. Proposed FY2021-22 Budget and FY2020-21 Budget Amendment
Consideration for the proposed FY 2021-22 PEDC Budget, year-end FY 2020-21 Budget
Projections and Five -Year Forecast was brought to the Board.
Minutes of a Regular Meeting
June 24, 2021
Page 3
Projections for FY 2020-21 show the year ending with revenue of $20.3M and expenses $8M.
Sales tax revenue for the year is projected at $11.6M, $105% of the amended budget amount.
The beginning fund balance is $22 5M and the projected ending fund balance is $34.8M.
The proposed FY 2021-22 budget projected a total revenue at $11.9M, with an increase of 2%
from the previous fiscal year. Proposed expenses are $26.3M, which included a $100 000
increase to line item Contracted Services — Entryway and Corridor Maintenance. It was noted
that this increase was made after the proposed budget was printed and distributed. The
beginning fund balance is projected at $34.8M and the ending fund balance is $20.3M
Board Member Selsky made a motion, seconded by Board Member Johnson, to approve the
amendment to the FY2020-21 budget with total revenue of $20,338,639 and total expenses of
$8,007,459 and approval of the FY 2021-22 budget with total revenue of $11,917,344 and total
expenses of $26,346,571.
Motion Passed: 4 — 0
E. Professional Services Agreement for Phase II and Phase III of the ISO Public Protection
Classification Study with Mike Pietsch Consulting Services, Inc
The Board considered a Professional Services Agreement with Mike Pietsch, P.E. Consulting
Services, Inc. for Phase II and III of a study to aid in obtaining an ISO rating of 1. For the City, a
Class 1 rating could reduce annual fire insurance premiums for businesses. Phase I was
completed which determined that a Class 1 rating is possible for the City of Pearland
Phase II includes completing an ISO pre -survey questionnaire and meeting with local officials. In
Phase III Mike Pietsch Consulting Services would act as the City's field representative and
coordinate the ISO committee's site visit. The cost for Phase II and Phase III is $22,000.
Vice Chair Chavarria made a motion, seconded by Board Member Selsky to approve the
President to enter into a Professional Services Agreement with Mike Pietsch, P.E. Consulting
Services, Inc. for an amount not to exceed $22,000.
Motion Passed: 4 — 0
F. SH 35 Corridor Redevelopment Strategy: Reimbursement Agreement with the City of Pearland
for 4653 Main Demolition
Presented was a Reimbursement Agreement with the City of Pearland for the PEDC to fund the
demolition and cleanup of 4653 Main. The property is zoned for light manufacturing and meets
the guidelines for funding by the PEDC. The PEDC will recoup its monies from a lien placed on
the property due at the time of sale
A recess was called at 5:22 p.m when quorum was broken after Director Johnson left the room. The meeting
reconvened at 5:24 p.m. when Director Johnson returned.
Board Member Selsky made a motion, seconded by Board Member Johnson, to approve the
Chairman to execute a Reimbursement Agreement with the City of Pearland to fund the
demolition of improvements at 4653 Main in an amount not to exceed $125,000.
Motion Passed: 4 — 0
Minutes of a Regular Meeting
June 24, 2021
Page 4
G. SH 35 Corridor Redevelopment Strategy: Reimbursement Agreement with the City of Pearland
for Phase II Reconstruction of Halik Street
The Board considered a Reimbursement Agreement with the City of Pearland for PEDC to fund
the reconstruction of Halik Road costing $1,760,000. Reconstruction includes removal of existing
asphalt and concrete pavement placement of concrete pavement, curbs, sidewalk, brick pavers,
curb inlets, waterline with fire hydrants, sanitary sewer line and two parking spots at Old Settlers
Cemetery.
Board Member Johnson made a motion, seconded by Board Member Selsky, to approve the
Chairman enter into a Reimbursement Agreement with the City of Pearland to fund
reconstruction of Halik Road and addition of a drainage lateral to Rice Drier Road in an amount of
$1,760,000.
Motion Passed: 4 — 0
H. Public Hearing - Old Townsite Infrastructure Mixed -Use Development
The Public Hearing for the Old Townsite Infrastructure Mixed -Use Development was opened at
5 31 p m. There were no registrants for the public comments and the public hearing was closed
at 5:31 p.m.
I. Monthly Activity Report— President Buchanan summarized ongoing activity.
No action taken.
The meeting went into recess at 5:32 p.m.
The meeting reconvened and went into Executive Session at 5:34 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 551.072 — DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY—#1704
3. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Prospect #2100
4. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Prospect #1810
5. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Prospect #1407
The Board closed Executive Session and reconvened into Open Session at 6:02 p.m.
Minutes of a Regular Meeting
June 24, 2021
Page 5
VII. NEW BUSINESS CONTINUED
CONSIDERATION AND POSSIBLE ACTION: DELIBERATIONS REGARDING THE LEASE, PURCHASE OR
SALE OF REAL PROPERTY — #1704
Vice Chair Chavarria made a motion, seconded by Board Member Selsky, to approve the
President to negotiate and enter into an amended Earnest Money Contract with Prospect #1704
as discussed in Executive Session.
Motion Passed: 4-0
K. CONSIDERATION AND POSSIBLE ACTION: DELIBERATIONS REGARDING ECONOMIC
DEVELOPMENT NEGOTIATIONS — Prospect #2100
Board Member Selsky made a motion, seconded by Vice Chair Chavarria, to approve the
Chairman enter into a Reimbursement Agreement with the City of Pearland to fund public
infrastructure cost in an amount of $3M.
Motion Passed: 4 - 0
L. CONSIDERATION AND POSSIBLE ACTION: DELIBERATIONS REGARDING ECONOMIC
DEVELOPMENT NEGOTIATIONS — Prospect #1810
No action taken.
M. CONSIDERATION AND POSSIBLE ACTION: DELIBERATIONS REGARDING ECONOMIC
DEVELOPMENT NEGOTIATIONS — Prospect #1407
No action taken.
VII1. ADJOURNMENT:
The meeting adjourned at 6:03 p.m.
Minutes approved as submitted and/or corrected this
A D., 2021.
ATTEST:
Secretary
Ataky
Chair
day of