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2022-04-28 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, APRIL 28, 2022, 5 00 P.M. I. CALL TO ORDER The meeting was called to order at 5:01 p.m. BOARD MEMBERS Chair Mona Chavarria Secretary John Lyle Board Member Randeep Nambiar Board Member Jerry Koza, Jr. Board Member David Selsky EX-OFFICIO MEMBERS PEDC Pearland Chamber of Commerce Matt Buchanan Jim Johnson PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS Melissa Black Roxanne Luna -Larsen Brian Malone Mou Sarkar CITY OF PEARLAND Darrin Coker Joshua Lee John McDonald Lawrence Provins Kristen Woolley II. APPROVAL OF MINUTES Secretary Lyle made a motion, seconded by Board Member Selsky to approve the minutes of the Regular Meeting of February 24, 2022. Motion Passed: 5— 0 Minutes of a Regular Meeting April 28, 2022 Page 2 II1. PUBLIC COMMENTS None. IV. FINANCIAL REPORT A. Monthly Financial Reports — February and March 2022 B. Fiscal Year 2022 2nd Quarter Investment Report C. Fiscal Year 2021 Audit Report President Buchanan presented the February and March 2022 Financial Reports, the Fiscal Year 2022 2nd Quarter Investment Report and the Fiscal Year 2021 Audit Report. Board Member Selsky made a motion, seconded by Secretary Lyle, to approve the February and March 2022 Financial Reports, the Fiscal Year 2022 2nd Quarter Investment Report and the Fiscal Year 2021 Audit Report. Motion Passed: 5 - 0 V. NEW BUSINESS A. Pearland Chamber of Commerce Fiscal Year 2022 2nd Quarter BizConnect Report Pearland Chamber President/CEO, Jim Johnson, presented the Chamber of Commerce Fiscal Year 2022 2nd Quarter BizConnect Report. Board Member Nambiar made a motion, seconded by Secretary Lyle, to approve the Chamber of Commerce Fiscal Year 2022 2nd Quarter BizConnect Report. Motion Passed: 5 — 0 B. Pearland Innovation Hub 1st Quarter Update and Navigator Introduction The Cannon Navigator, Brandy Guidry, was introduced and she presented the Pearland Innovation Hub 1st Quarter Update Board Member Nambiar made a motion, seconded by Board Member Selsky, to accept the Pearland Innovation Hub 1st Quarter Update. Motion Passed: 5 - 0 C. Professional Services Agreement Amendment for Smith Ranch Road Business Park with Cobb Fendley & Associates for Engineering Design Services A $74,800 amendment, adding detention design services to the Professional Services Agreement with Cobb Fendley & Associates for platting services was presented. The total cost of the agreement with the increase is $98,774. Secretary Lyle made a motion, seconded by Board Member Selsky for the approval for the President to amend the Professional Services Contract with Cobb Fendley & Associates for platting services to add engineering design and construction management and inspection services in the amount of $74,800, for a total contract price of $98,744. Motion Passed: 5 — 0 Minutes of a Regular Meeting April 28, 2022 Page 3 D. Professional Services Agreement for SH 288 Corridor Master Improvement Plan with Terracon Consultants, Inc. for Materials Testing Services Board Member Selsky made a motion, seconded by Secretary Lyle for the consideration and approval for the President to enter a Professional Services Contact with Terracon Consultants, Inc. for materials testing services for the SH 288 Phase IV improvements in the amount of $80,719. Motion Passed: 5 - 0 The meeting went into recess at 6:20 p.m. The meeting reconvened and went into Executive Session at 6:30 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 #2024 3. SECTION 551.087 — Deliberations Regarding Economic Development Negotiations — Project #2106 The Board closed Executive Session and reconvened into Open Session at 7:11 p.m. VII. NEW BUSINESS CONTINUED F. Consideration and Possible Action: Deliberations Regarding the Economic Development N egotiation Property — Prospect #2024 No action taken. G. Consideration and Possible Action: Deliberations Regarding the Economic Development N egotiation Property — Prospect #2106 N o action taken. VIII. ADJOURNMENT: The meeting adjourned at 7:12 p.m. S Minutes approved as submitted and/or corrected this fY day of A.D., 2022. ATTEST: Chair Secretary