2022-05-26 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, MAY 26, 2022, 5:00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:02 p.m.
BOARD MEMBERS
Chair Mona Chavarria
Vice Chair Chad Thumann
Board Member Antonio Johnson
Board Member Jerry Koza, Jr.
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Kevin Cole
City of Pearland Clay Pearson
Pearland Chamber of Commerce Jim Johnson
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Jess Byerly
Roxanne Luna -Larsen
Mou Sarkar
CITY OF PEARLAND
Trent Epperson
Ron Fraser
Karen Krenek
John McDonald
Lawrence Prowls
Tracy Rohrbacher
II. APPROVAL OF MINUTES
Board Member Koza made a motion, seconded by Board Member Johnson to approve the minutes of the
Regular Meeting of April 28, 2022.
Motion Passed: 4 — 0
III. PUBLIC COMMENTS
None.
Minutes of a Regular Meeting
May 26, 2022
Page 2
IV. RECOGNITION
Dr. Hugh Patton was honored for his years of service on the PEDC Board of Directors.
V. FINANCIAL REPORT
A. Monthly Financial Reports — April 2022
The April 2022 Monthly Financial Report was not complete and will be presented at the June 23,
2022 meeting.
VI. NEW BUSINESS
A. Excuse the absence of Vice Chair Thumann and Board Member Johnson from the Regular
Meeting on April 28, 2022.
Board Member Koza made a motion, seconded by Board Member Johnson, to approve the
absence of Vice Chair Thumann and Board Member Johnson from the Regular Meeting on April
28, 2022
Motion Passed: 4 — 0
B. Retail Analysis Presentation
The Board was presented with a retail analysis study of Pearland's existing overall retail market
and its primary submarkets.
Vice Chair Thumann made a motion, seconded by Board Member Koza, to approve the Retail
Analysis Study.
Motion Passed: 4 — 0
C. Professional Services Agreement for Financial Support Services Related to an Indoor Amateur
Sports with Sports Facilities Companies, LLC
A Professional Services Agreement for continued Financial Support Services related to the
building of an Indoor Amateur Sports Facility was presented to the Board.
Vice Chair Thumann made a motion, seconded by Board Member Johnson, to approve the
President to enter into a Professional Services Agreement with Sports Facilities Companies, LLC
for an amount to $30,000 plus reimbursable expenses for advisory services related to a potential
indoor amateur sports facility.
Motion Passed: 4 - 0
D. Professional Services Agreement for Advisory Services Related to a Hotel + Conference Center
with Conventions, Sports & Leisure International, LLC
A Professional Services Agreement with Conventions, Sports & Leisure International, LLC for
advisory services for the development of Hotel + Conference Center for proposal solicitation
from potential developers.
Minutes of a Regular Meeting
May 26, 2022
Page 3
Board Member Koza made a motion, seconded by Board Member Johnson for the President to
enter into a Professional Services Agreement with Conventions, Sports & Leisure International
for an amount of $31,000 plus reimbursable expenses for advisory services related to a potential
hotel + conference center.
Motion Passed: 4 — 0
E. FY2022-23 Program of Work and Budget Preview
A draft of the proposed FY2022-23 Program of Work and major budget items was disused with
the Board for their input.
N o action taken.
F. Monthly Activity
Monthly Activity Report was reviewed.
N o action taken.
The meeting went into recess at 6:38 p.m.
The meeting reconvened and went into Executive Session at 6:44 p.m.
VII. 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
# 2022
3. SECTION 551.087 — Deliberations Regarding Economic Development Negotiations — Project
# 2205
The Board closed Executive Session and reconvened into Open Session at 7:22 p.m.
VIII. NEW BUSINESS CONTINUED
G. Economic Development Negotiations — Prospect #2022
Board Member Johnson made a motion, seconded by Board Member Koza, to approve the
President to negotiate and enter into a loan agreement with Prospect #2202 for an amount not
to exceed $193,000 and for a Development Agreement to reconstruct Industrial Drive with an
expected cost of $5.4 million.
Motion Passed: 4 — 0
Minutes of a Regular Meeting
May 26, 2022
Page 4
H. Economic Development Negotiations— Prospect #2205
Vice Chair Thumann made a motion, seconded by Board Member Koza to approve the President
negotiate and enter into a loan agreement with Prospect #2205 and related entities for an
amount not to exceed $198,000.
Motion Passed: 4 - 0
IX. ADJOURNMENT:
The meeting adjourned at 7:23 p.m.
Minutes approved as submitted and/or corrected this
A.D., 2022.
ATTEST:
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