2023-04-27 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,APRIL 27,2023, 5:00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:01 p.m.
BOARD MEMBERS
Chair Chad Thumann
Vice Chair Jerry Koza
Secretary Randeep Nambiar
Board Member Michi Clay
Board Member David Graham
Board Member Dena Hanks
Board Member Mona Chavarria
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Trent Epperson
City of Pearland Mayor Kevin Cole
Pearland Chamber of Commerce Jim Johnson
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Black
Jess Byerly
Roxanne Luna-Larsen
Brian Malone
Valerie Marvin
Mou Sarkar
CITY OF PEARLAND
Darrin Coker
Lawrence Provins
Kendra Murphy
John McDonald
Minutes ofa Regular Meeting
April Z7,2OZ3
Page
U, RECOGNITION—David 5e|sky
David So|oky was honored for his service on the PEDC Board ofDirectors.
m. APPROVAL oFMINUTES
Board Member Clay Left the Meeting
Vice Chair Koza made a motion,seconded by Board Member Graham,to approve the minutes of the
Regular Meeting nf March 30,3Ol3.
Motion Passed:h—O
Board Member Clay Returned tn the Meeting
|V. PUBLIC COMMENTS
None.
V. FINANCIAL REPORT
The March 2023 Financial Reports and the Second Quarter FY 2023-23 Quarterly Investment Report were
presented.
Board Member Chavarria made a motion,seconded by Vice Chair Koza to approve the March 2023
Financial Report and the Second Quarter FY2D23'23 Quarterly Investment Report.
Motion Passed:7 O
V1. NEW BUSINESS
A. Excuse the absence of Chair Thumann,Secretary Nambiar and Board Member Clay from the
March 3O,2D23meeting.
Board Member Chavarria made a motion,seconded by Board Member Graham,to approve
absence of Chair Thumann and Board Members Nambiar and Clay from the March 30,2023
Regular Board Meeting.
Motion Passed:7 U
R. Pear|and Chamber of Commerce FYZO2Z-232"a Quarter Biz Connect Report.
Pearland Chamber of Commerce President/CEO Jim Johnson presented the FY2022-23 2nd
Quarter Biz Connect Report.
No action taken.
C. Pear|and Innovation Hub FY2O232"u Quarter Report
Pearland Innovation Hub(PIH) Navigator, Brandy Guidry,presented the FY2023 2nd Quarter
Report.
No action taken.
Minutes of a Regular Meeting
April 27,2023
Page 3
D. Professional Services Agreement for Pearland Prosperity Strategic Plan Update with Broad Ripple
Strategies.
A proposal from Broad Ripple Strategies to update the Pearland Prosperity Strategic Plan was
presented.
Board Member Graham made a motion,seconded by Board Member Hanks to approve the
President to enter into a Professional Services Agreement with Broad Ripple Strategies for an
update to the Pearland Prosperity Strategic Plan for an amount not to exceed$130,350.
Motion Passed:7—0
E. Monthly Activity
Monthly Activity Report was reviewed.
No action taken.
The meeting went into Recess at 6:33 p.m.
The meeting went into Executive Session at 6:40 p.m.
VI I. 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#2300
3. Section 551.087 -DELIBERATIONS RERGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS—
Prospect#1704
The Board closed Executive Session and reconvened into Open Session at 7:15 p.m.
Vill. NEW BUSINESS CONTINUED
F. Deliberations regarding Economic Development Negotiations—Project#2300
Board Member Chavarria made a motion,seconded by Board Member Graham,to authorize the
Chairman enter into a Reimbursement Agreement with the City of Pearland related to Prospect
#2300 to fund site improvements, drainage improvements and road improvements in an amount
estimated to be$8,150,000, or the actual cost.
Motion Passed: 7-0
G. Deliberations regarding Economic Development Negotiations-Prospect#1704
Secretary Nambiar made a motion, seconded by Vice Chair Koza, to approve the President to
negotiate and enter into an amended loan agreement with Prospect #1704 as discussed in
Executive Session.
Motion Passed:7—0
Minutes ofa Regular Meeting
April Z7,2O23
Page
Ix. ADJOURNMENT:
The meeting adjourned at7:15pm.
Minutes approved ay submitted and/or corrected this day of
A.D, 2023.
Chair
ATTEST: