2023-07-27 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 JULY 27, 2023, 5:00 P.M.
CALL TO ORDER
The meeting was called to order at 5:00 p.m.
BOARD MEMBERS
Chair Chad Thumann
Vice Chair Jerry Koza
Board Member Mona Chavarria
Board Member Mich' Clay
Board Member David Graham
Board Member Dena Hanks
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
Jess Byerly
Roxanne Luna -Larsen
Brian Malone
Valerie Marvin
Mou Sarkar
CITY OF PEARLAND
Kevin Carter
Damn Coker
John McDonald
Lawrence Provins
Tracy Rohrbacher
Minutes of a Regular Meeting
July 27, 2023
Page 2
II. APPROVAL OF MINUTES
Board Member Chavarria made a motion, seconded by Board Member Koza, to approve the minutes June
29, 2023 Regular Meetings.
Motion Passed: 6 — 0
III. PUBLIC COMMENTS
None,
IV. FINANCIAL REPORT
The June 2023 Financial Reports was presented.
Board Member Chavarria made a motion, seconded by Vice Chair Koza to approve the June 2023 Financial
Report.
Motion Passed: 6 - 0
V. NEW BUSINESS
A. Excuse the absence of Board Members Chavarria and Graham from the meeting on June 29,
2023.
Board Member Clay made a motion, seconded by Vice Chair Koza, to approve the absence of
Board Members Chavarna and Graham from the meeting on June 29, 2023.
Motion Passed: 6 - 0
Resolution on City Infrastructure Redevelopment Projects
Presented for approval was proposed language for a resolution to show the intent of the Board
and City Council for PEDC to allocate twenty percent (20%) of the PEDC's annual sales tax
revenue on qualified infrastructure recapitalization projects for redevelopment in targeted areas
of the City.
Board Member Hanks made a motion, seconded by Board Member Clay, to allocate twenty (20%)
of the PEDC s annual sales tax revenue on qualified infrastructure recapitalization projects for
redevelopment in targeted areas of the City.
Motion Passed: 6 - 0
C. Public Hearing Hickory Slough Sports Complex Phase II
The Public Hearing opened at 5:08 p.m. and closed at 5:08 p.m. There were no speakers.
D. Agreement with City of Pearland for Hickory Sports Complex Phase II
A funding agreement was prepared for the PEDC to fund the Phase II expansion of the Hickory
Slough Sports Complex, estimated at $17.6M or the actual cost, along with funding $232,951 in
capital equipment items needed for the operation of the complex, and $384,021 for estimated
annual ongoing operations and maintenance.
Minutes of a Regular Meeting
July 27, 2023
Page 3
Vice Chair Koza made a motion, seconded by Board Member Chavarria to approve the Chairman
to execute an agreement with the City of Pearland to fund $17.6M or the actual cost for further
construction of the Hickory Slough Sports complex, an estimated $232,951 for one-time capital
equipment costs an estimated annual $384,021 for the ongoing operations and maintenance of
the complex, to request Brazoria County Commissioners Court approval of the expenditure and
revise the proposed FY24 budget to include $1,618,502 for design and the Five -Year Forecast to
reflect the future estimated bond payments, initial one-time capital cost and ongoing operating
and maintenance cost.
Motion Passed: 6-0
E. Broadway Corridor Streetscape Concept Plan Input
Components for the Broadway corridor streetscape design concept plan were discussed The
concept plan will be incorporated into TxDOT's widening project of Broadway Street and will also
be used to determine the landscape architecture design of the project.
No action taken.
F. Pearland Chamber of Commerce FY2022-23 3RD Quarter Biz Connect Report
Pearland Chamber of Commerce, President/CEO Jim Johnson, presented the FY2022-23 3rd
Quarter Biz Connect Report.
No action taken.
G. Pearland Innovation Hub FY2023 3RD Quarter Report
Pearland Innovation Hub Navigator, Brandy Guidry, presented the Pearland Innovation Hub
FY2023 3rd Quarter Report.
No actions taken.
H. Workforce Strategy Update
Workforce Director, Mou Sarkar, presented the Workforce Strategy Action Plan Semiannual
Update.
No actions taken.
The meeting went into Recess at 7:11 p.m.
The meeting went into Executive Session at 7:19 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
SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Project #2202
3. SECTION 551.072 — DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY — Project #2303
Minutes of a Regular Meeting
July 27, 2023
Page 4
The Board closed Executive Session and reconvened into Open Session at 7:48 p.m.
VII. NEW BUSINESS CONTINUED
Deliberations regarding the Economic Development Negotiations — Project #2202
Board Member Chavarria made a motion, seconded by Vice Chair Koza, to approve the President
negotiate and enter into a loan agreement with Prospect #2202 for an amount not to exceed
$419,500 and for the reconstruction of Industrial Drive west of SH 35.
Motion Passed: 6 - 0
VIII. ADJOURNMENT:
The meeting adjourned at 7:49 p.m.
Minutes approved as submitted and/or corrected this
A D., 2023.
ATTEST:
Secretary
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