2022-02-24 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, FEBRUARY 24, 2022, 5 00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:00 p.m.
BOARD MEMBERS
Chair Mona Chavarria
Vice Chair Chad Thumann
Secretary John Lyle
Board Member Antonio Johnson
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
Jess Byerly
Roxanne Luna -Larsen
Valerie Marvin
Brian Malone
CITY OF PEARLAND
Trent Epperson
John McDonald
Lawrence Provins
Kristen Woolley
Tom Reid
Minutes of a Regular Meeting
February 24, 2022
Page 2
II. APPROVAL OF MINUTES
Board Member Selsky made a motion, seconded by Vice Chair Thumann to approve the minutes of the
Regular Meeting of January 20, 2022.
Motion Passed: 5 — 0
III. PUBLIC COMMENTS
None.
IV. FINANCIAL REPORT
Secretary John Lyle and Board Member Randeep Nambiar arrived.
A. Monthly Financial Reports — December 2021 and January 2022
B. Quarterly Investment Report
President Buchanan presented the December 2021 and January 2022 Financial Reports and the
First Quarter Investment Report.
Board Member Johnson made a motion, seconded by Board Member Koza, to approve the
December 2021 and January 2022 Financial Reports and the Quarterly Investment Report.
Motion Passed: 7 - 0
V. NEW BUSINESS
A. Excuse the absence of Chair Chavarria and Board member Johnson from the Regular Meeting on
January 20, 2022.
Vice Chair Lyle made a motion seconded by Board Member Koza, to excuse the absence of Chair
Chavarria and Board Member Johnson, from the Regular Meeting on January 20, 2022.
Motion Passed: 7 — 0
B. Citizens Drainage Bond Program Advisory Committee Member PEDC Appointment
The PEDC Board was asked to appoint a member to the Citizens Drainage Bond Advisory
Committee. The committee will review and evaluate potential projects and debt service tax
implications for a City Drainage Bond Referendum, providing a report to City Council. Vice Chair
Thumann is serving on the committee as a Pearland Area Chamber of Commerce member.
Board Member Johnson made a motion, seconded by Board Member Nambiar, to appoint Board
Member Koza as the PEDC representative to the Citizens Drainage Bond Program Advisory
Committee.
Motion Passed: 7 — 0
C. Entrepreneurship Operational Policy and Advisory Board Appointment
The draft Operational Policy for the Pearland Innovation Hub and its Advisory Board was
presented. The Advisory Board, appointed by the PEDC Board, requires one PEDC Board
Member.
Minutes of a Regular Meeting
February 24, 2022
Page 3
Vice Chair Thumann made a motion, seconded by Board Member Johnson to approve the
Operational Policy for the Pearland Innovation Hub Advisory Board, to expand the initial Board
from five members to six members by adding an additional at large member and to approve the
initial Advisory Board members: Position 1: PEDC Board Member - Randeep Nambiar, Position 2.
PEDC President - Matt Buchanan, Position 3: Pearland Chamber of Commerce President — Jim
Johnson, Position 4: At Large - Ann Strouhal, Position 5: At Large - Bill Jackson, Position 6: At
Large - Mona Chavarria.
Motion Passed: 7 — 0
D. Monthly Activity Report = President Buchanan summarized ongoing activity.
No action taken.
The meeting went into recess at 5:40 p.m.
The meeting reconvened and went into Executive Session at 5:47 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— Prospect #2026
3. SECTION 551.072 — DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY — Reimbursement Agreement with City of Pearland
4. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS #1407
The Board closed Executive Session and reconvened into Open Session at 6:10 p.m.
VII. NEW BUSINESS CONTINUED
E. CONSIDERATION AND POSSIBLE ACTION: Deliberations Regarding the Lease, Purchase or Sale of
Real Property — Reimbursement Agreement with City of Pearland
Board Member Selsky made a motion, seconded by Board Member Johnson to approve the Chair
to execute a reimbursement agreement with the City of Pearland for Lower Kirby Master
Drainage Plan Land Acquisition in an amount estimate to be $3.7M or the actual cost.
Motion Passed: 7 - 0
F. CONSIDERATION AND POSSIBLE ACTION: Deliberations regarding economic development
negotiations - #1407
Board Member Johnson made a motion, seconded by Board Member Koza, to approve the Chair
to enter into an amended reimbursement agreement with the City of Pearland for Prospect
#1407.
Minutes of a Regular Meeting
February 24, 2022
Page 4
Motion Passed: 7 — 0
VIII. ADJOURNMENT:
The meeting adjourned at 6:35 p.m.
Minutes -approved -as submitted and/or corrected -this Z3 day of SAA-
A. D., 2022.
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ATTEST: PP/K,r- a— l 1
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