2022-06-23 PEARLAND ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTES MINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD
OF DIRECTORS OF THE CITY OF PEARLAND,TEXAS HELD THURSDAY,JUNE 23,2022, 5:00 P.M.
CALL TO ORDER
The meeting was called to order at 5:00 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
Pearland Chamber of Commerce Jim Johnson
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Jess Byerly
Roxanne Luna-Larsen
Brian Malone
Valerie Marvin
CITY OF PEARLAND
Darrin Coker
Ron Fraser
John McDonald
Lawrence Provins
Tracy Rohrbacher
Kristen Woolley
II. APPROVAL OF MINUTES
Board Member Johnson made a motion,seconded by Vice Chair Thumann to approve the minutes of the
Regular Meeting of May 26, 2022.
Motion Passed:4—0
Minutes of a Regular Meeting
June 23, 2022
Page 2
III. PUBLIC COMMENTS
None.
IV. RECOGNITION
Recognition of Reid Wendell was rescheduled to the July 28, 2022 Board meeting.
V. FINANCIAL REPORT
A. Monthly Financial Reports—April and May 2022
The April and May 2022 Monthly Financial Reports were presented.
A motion was made by Vice Chair Thumann, and seconded by Board Member Johnson, to
approve the April and May 2022 Financial Reports.
Motion Passed:4—0
VI. NEW BUSINESS
A. Excuse the absence of Secretary Lyle and Board Member Nambiar from the Regular Meeting on
May 26, 2022.
Vice Chair Thumann made a motion, seconded by Board Member Koza, to approve the absence
of Secretary Lyle and Board Member Nambiar from the Regular Meeting on May 26, 2022.
Motion Passed:4—0
B. Pearland Convention and Visitors Bureau Semi Annual Update
The Pearland Convention and Visitors Bureau Semi Annual Update was rescheduled to the July
28,2022 Board meeting.
C. Pearland Innovation Hub 2"d Quarter Update
The Pearland Innovation Hub 2"d Quarter Update was rescheduled to the July 28, 2022 Board
meeting.
D. General Services Contract Renewal for Entryway and Corridor Enhancement Maintenance
Contracts with Landscape Art,Inc.,Silversand Services and Yellowstone Landscape.
General services contracts with Landscape Art, Inc., Silversand Services and Yellowstone
Landscape were presented for renewal for landscaping maintenance. An 8.5% increase for all
three contracts includes a 3% price adjustment for inflation, the addition of one new entryway
and additional repair allowance.
Board Member Koza made a motion, seconded by Board Member Johnson, to approve the
President to renew three general services contracts for entryway and corridor maintenance in
the following not-to exceed, amounts — landscape Art, Inc. for$218,457,49; Silversand Services
for$231,060,.05;and Yellowstone Landscape for$75,736.94.
Minutes of a Regular Meeting
June 23, 2022
Page 3
E. FY 2022-23 Program of Work
President Buchanan presented the proposed FY 2022-23 Program of Work
Vice Chair Thumann made a motion, seconded by Board Member Koza,to approve the proposed
FY 2022-23 Program of Work.
Motion Passed:4-0
F. Public Hearing—FY 2022-23 Budget and Related Projects
The Public Hearing for the FY 2022-23 Budget and related projects was opened at 5:10 p.m.
There were no registrants for the public comments and the public hearing was closed at 5:10
p.m.
G. Proposed FY 2022-23 Budget and FY2 021-22 Budget Amendment
The projections for FY 2021-22 show ending the year with revenue of$17.7M and expenses of
$16.8M. The proposed FY 2022-23 budget is projecting total revenue of$154M with sales tax
revenue of$13.9. Expenses are projected to be$26.8M. They projected FY2022-23 beginning
and ending fund balances are$35.7M and$24.2M respectively.
Board Member Koza made a motion,seconded by Board Member Johnson,to approve the
amendment to the FY 2021-22 Budget with total revenue of$17,691,761 and total expenses of
$16,789,895 and approval of the FY 2022-23 Budget with the total revenue of$15,325,856 and
total expenses of$26,884,319.
Motion Passed:4—0
H. Monthly Activity
Monthly Activity Report was reviewed.
No action taken.
The meeting went into recess at 5:34 p.m.
The meeting reconvened and went into Executive Session at 5:39 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 —
Project#2100
3. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Project#1407
4. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Project#2202
Minutes ofo Regular Meeting
June 23'2O22
Page
The Board closed Executive Session and reconvened into Open Session at 6:23 p.m.
VU|. NEW BUSINESS CONTINUED
|. Economic Development Negotiations—Prospect#Z1OO
Chair Chavarria made a motion,seconded by Board Member Johnson,to approve the Chairman
to enter into an amended reimbursement agreement with the City of Pearland for Prospect
#21OOto fund public infrastructure costs inon amount of$4.6[W.
Motion Passed:4-0
J. Economic Development Negotiations—Prospect#14O7
Vice Chair Thumann made a motion,seconded by Chair Chavarria,to approve the Chair into an
amended reimbursement agreement with the City of Pearland for Prospect#1407 to allow for
lien funds to be reimbursed to Developer and for demolition and clean up in an amount not to
exceed$275,OOO.
Motion Passed:4—O
K. Economic Development Negotiations—Prospect#22UZ
Nn action taken.
|X. ADJOURNMENT:
The meeting adjourned at8:24p.m.
Minutes approved os submitted and/or corrected this day of `° \
ATTEST-
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