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2023-03-30 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, MARCH 30,2023, 5:00 P.M. I. CALL TO ORDER The meeting was called to order at 5:07 p.m. BOARD MEMBERS Vice Chair Jerry Koza 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 ECONCOMIC DEVELOPMENT STAFF MEMBERS Melissa Black Jess Byerly Roxanne Luna-Larsen Brian Malone Valerie Marvin Mou Sarkar CITY OF PEARLAND Ron Fraser Darrin Coker Lawrence Provins Kendra Murphy Kellie Ekeland Tenecha Williams John McDonald Tracy Rohrbacher Minutes of a Regular Meeting March 30, 2023 Page 2 II. RECOGNITION—John Lyle John Lyle was honored for his years of service on the PEDC Board of Directors. Ill. APPROVAL OF MINUTES Board Member Chavarria made a motion,seconded by Board Member Graham,to approve the minutes of the Regular Meeting of January 19,2023 and the Special Joint Meeting with City Council February 6, 2023. Motion Passed:4—0 IV, PUBLIC COMMENTS None. V. FINANCIAL REPORT The December 2022,January and February 2023 Financial Reports and the First Quarter FY 2023-23 Quarterly Investment Report were presented. Board Member Chavarria made a motion,seconded by Board Member Graham,to approve the December 2022,January and February 2023 Financial Reports and the First Quarter FY 2023-23 Quarterly Investment Report. Motion Passed:4-0 VI. NEW BUSINESS A. Excuse the absence of Vice Chair Koza,Secretary Nambiar and Board Member Chavarria from the February 6,2023 meeting. Board Member Chavarria made a motion,seconded by Board Member Graham,to approve absence of Board Members Koza, Nambiar and Chavarria from the Special Joint Meeting with City Council on February 6,2023. Motion Passed:4-0 B. Convention and Visitors Bureau Semi Annual Update. Tracy Rohrbacher, Executive Director of the Pearland Convention and Visitors Bureau presented a Semi-Annual Update. No action taken. C. First Amendment of the Bylaws of the Pearland Innovation Hub An amendment to the Pearland Innovation Hub Bylaws adding a Dissolution Clause was presented. Board Member Chavarria made a motion,seconded by Board Member Hanks,to approve the first amendment to the Pearland Innovation Hub Corporation bylaws. Motion Passed:4-0 ' Minutes ofa Regular Meeting March][\2D23 Page D. General Services Contract Amendment for Entryway and Corridor Enhancements Maintenance with 5i|veoandServices An amendment adding the remaining maintenance services for Pearland Parkway to the Silversand Services, Inc.General Services Maintenance Contract for SH 35 was presented. The amendment would add$53,377.64tn the existing contract for n total amount of$284`43769. Board Member Graham made a motion,seconded by Board Member Chavarria to approve the President to amend a general services contract with Silversand Services for entryway and corridor maintenance toan amount not to exceed$lV4`437.b9. Motion Passed:4-0 E. Second Amendment to the Reimbursement Agreement between PEDC and the City of Pearland for Public Infrastructure Improvements in the Southeast Quadrant of Old Town An amendment to the Old Townsite Mixed-Use Development project Reimbursement Agreement between the PED[and the City ofPeor|and was presented. The Agreement currently finances $5,070,000 for public infrastructure improvements.An additional$150,000 is requested along with possible available contingency for improved sidewalk construction on Houston Ave., Park St. and Galveston Ave. Also,due to construction delays,the Construction Management Contract with AG I CM requires an amendment to extend the contract by one month to June 2023 with an additional cost of $10,000. Board Member Graham made a motion,seconded by Board Member Chavarria,to approve the Chairman to enter into an amended reimbursement agreement with the City of Pearland with Sullivan Brothers Ltd.to change the scope of work to include additional sidewalks and approve the necessary funding in an amount estimated at$150,000 and approve additional contingency for the Professional Services Contract with AG I CM in the amount of$10,000. Motion Passed:4 O F. Professional Services Agreement for Smith Ranch Business Park with Freese&Nichols, Inc.for Sanitary Sewer Analysis A Professional Services Agreement with Freese and Nichols to perform a sanitary sewer study for the Smith Ranch Business Park was presented. The study aims to identify adequate sanitary sewer capacity tn support further development in the area. The study will cost$42'O0O. Board Member Chavarria made a motion,seconded by Board Member Hanks,to approve the President enter into a Professional Semireo[ontravtwithFreesn&Niohv|s, |ncfnrengineehng services tn perform a sanitary sewer study in the amount of$42,OOO. Motion Passed:4-O G. Professional Services Agreement for FM518/Broadway Reconstruction with TBG Partners for Landscape Architecture Services A Professional 5en/icesAgmementwithTDGpartneoforLandscapoAr hitectureSowioeswas presented. The Agreement io for a landscape conceptual stsetsrapedesigo that can be incorporated into TxD0Ts Broadway widening project. Minutes of a Regular Meeting March 30,2023 Page 4 Board Member Hanks made a motion,seconded by Board Member Graham,to approve the President enter into a Professional Services Contract with TBG for conceptual streetscape design in the amount of$92,070. Motion Passed:4-0 H. City Infrastructure Recapitalization-Potential PEDC Funded Drainage and Infrastructure Projects No action taken. I. Five-Year Forecast Update No action taken. J. Monthly Activity Monthly Activity Report was reviewed. No action taken. The meeting went into Recess at 6:54 p.m. The meeting went into Executive Session at 7:01 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#2106 3. Section 551.087 -DELIBERATIONS RERGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS— Prospect#2301 The Board closed Executive Session and reconvened into Open Session at 7:20 p.m. VIII. NEW BUSINESS CONTINUED K. Deliberations regarding Economic Development Negotiations—Project#2106 Board Member Chavarria made a motion,seconded by Board Member Graham, to authorize the President to enter into an amended development agreement with Prospect #2106, or related entity as discussed in Executive Session. Motion Passed:4-0 Minutes of a Regular Meeting March 30,2023 Page 5 L. Deliberations regarding Economic Development Negotiations-Prospect#2301 Board Member Graham made a motion,seconded by Board Member Chavarria,to authorize the President to enter into a Professional Services Contract with Cobb Fendley & Associates for platting services in the amount of$33,839. Motion Passed:4-0 IX. ADJOURNMENT: The meeting adjourned at 7:21 p.m. Minutes approved as submitted and/or corrected this A- \ day of A.D.,2023. Bair ATTEST: Secretary