2023-06-29 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, JUNE 29, 2023, 5 00 P.M.
CALL TO ORDER
The meeting was called to order at 5:02 p.m.
BOARD MEMBERS
Chair Chad Thumann
✓ ice Chair Jerry Koza
Secretary Randeep Nambiar
Board Member Michi Clay
Board Member Dena Hanks
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Trent Epperson
City of Pearland Mayor Kevin Cole
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Jess Byerly
Roxanne Luna -Larsen
Brian Malone
✓ alerie Marvin
Mou Sarkar
CITY OF PEARLAND
Darrin Coker
Lawrence Provins
Kendra Murphy
II. RECOGNITION — Antonio Johnson
Antonio Johnson was honored for his service on the PEDC Board of Directors.
III. APPROVAL OF MINUTES
✓ ice Chair Koza made a motion, seconded by Board Member Hanks, to approve the minutes of the April
27, 2023 and May 22, 2023 Regular Meetings and the Joint Special Meeting on May 22, 2023.
Motion Passed: 5 — 0
Minutes of a Regular Meeting
June 29, 2023
Page 2
IV. PUBLIC COMMENTS
None.
V. FINANCIAL REPORT
The April and May 2023 Financials and FY2022 Audit Reports were presented.
Board Member Clay made a motion, seconded by Vice Chair Koza to approve the April and May 2023
Financials and the FY2022 Audit Report.
Motion Passed: 5 - 0
VI. NEW BUSINESS
A. FY2023-24 Program of Work.
The Proposed FY2023-24 Program of Work was presented.
Secretary Nambiar made a motion, seconded by Board Member Clay, to approve the proposed
FY2023-24 Program of Work.
Motion Passed: 5 - 0
B. Public Hearing — FY2023-24 Budget and Related Projects
The Public Hearing for the FY2023-24 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 5:11
p.m.
C. Proposed FY2023-2024 Budget and FY2022-23 Budget Amendment
The projections for FY2022-23 show ending the current fiscal year with revenue of $17.4M and
expenses of $25M. The proposed FY2023-24 budget is projecting total revenue of $18.6M with
sales tax revenue of $15 8M. Expenses are projected to be $12.4M. The projected FY2023-24
beginning and ending fund balances are $31.6M and $37.8M respectively.
Vice Chair Koza made a motion, seconded by Board Member Hanks to approve the amendment
to the FY2022-23 budget with total revenue of $17M and total expenses of $25M and approval
of the FY2023-24 budget with total revenue of $18M and total expenses of $12M.
Motion Passed: 5 - 0
D. General Services Contract Renewal for Entryway and Corridor Enhancement Maintenance with
Landscape Art, Inc. and Silversand Services
Renewal of the General Services contracts with Landscape Art, Inc. and Silversand Services for
Entryway and Corridor Maintenance was presented.
Vice Chair Koza made a motion, seconded by Board Member Hanks to approve the President to
renew two 13-month general services contracts for entryway and corridor maintenance and
repair in the following not to exceed amounts — Landscape Art, Inc. for $236,662.30 and
Silversand Services for $342,451.41.
Motion Passed: 5 — 0
Minutes of a Regular Meeting
June 29, 2023
Page 3
E. Construction Contract for Arogovitz Pond Expansion at Smith Ranch Rd. Business Park with DC
Contracting Services, LLC.
Presented was a construction contract for the expansion of the Argovitz detention pond located
between Smith Ranch Rd. and SH 288 frontage road as part of the development agreement
between the PEDC, City of Pearland and Buc-ee's, which Buc-ee's dedicated the public right of
way for Smith Ranch Road's expansion.
Vice Chair Koza made a motion, seconded by Secretary Nambiar to approve the President enter
into a construction contract with DC Contracting Services, LLC for the Argovitz Pond Expansion, in
an amount of $319,640 00, or the actual cost. In addition, approving up to $50,000 for
contingency, and $52,700 for construction phase inspection and material testing services, as
n eeded.
Motion Passed: 5 — 0
F. Public Hearing - Industrial Drive Reconstruction
The Public Hearing for Industrial Drive Reconstruction was opened at 5:28 p.m There were no
registrants for the public comments and the public hearing was closed at 5:29 p.m.
G. Professional Services Agreement for Industrial Drive West Reconstruction with Cobb Fendley for
Engineering Design Services
Presented was a professional services agreement with Cobb Fendley to provide engineering and
design services for the reconstruction of Industrial Drive, West of SH35. The agreement will
include the final engineering design for the reconstruction, surveying, mapping, geotechnical and
e nvironmental services, and construction plans.
Secretary Nambiar made a motion, seconded by Vice Chair Koza, to approve the President enter
into a Professional Services Agreement with Cobb Fendley for Industrial Drive west of SH 35
e ngineering and design in an amount of $541,839.
Motion Passed: 5 — 0
H. Reimbursement Agreement for Fruge Road East Right -of -Way Acquisition with the City of
Pearland
A Reimbursement Agreement with the City of Pearland for PEDC to fund the City's cost of right of
way acquisition needed for the expansion of Fruge Road east of Kirby Drive was brought for
consideration The City of Pearland would purchase the right of way and would be reimbursed
by the Lower Kirby Pearland Management District, refunding the PEDC.
Vice Chair Koza made a motion, seconded by Board Member Clay, to approve the Chairman to
e nter into a Reimbursement Agreement with the City of Pearland related to Fruge Road East to
fund land acquisition in an amount estimated to be $80,000, or the actual cost.
Motion Passed: 5 — 0
Minutes of a Regular Meeting
June 29, 2023
Page 4
I. Possible Resolution on City Infrastructure Redevelopment Projects
Reviewed proposed language for Resolution and will present at the July 27, 2023 Board meeting.
No action taken.
J. Use of Type B Funds for Fire Equipment
Discussed the option to use Type B funds for parks and recreation purposes as an alternative to
providing funding for fire equipment. Board agreed with this option and staff will prepare an
agreement with City of Pearland.
No action taken.
K. Appointment to Pearland Innovation Hub Advisory Board and the Pearland Innovation Hub Non -
Profit Corporation Board
Dr. Lynn Frostman, Vice President of Sustainability and Corporate Social Responsibility for Syzygy
Plasmonics, was recommended by the Pearland Innovation Hub Advisory Board to join the
Pearland Innovation Hub Advisory Board and the Pearland Innovation Hub Non -Profit
Corporation Board.
Board Member Hanks made a motion, seconded by Secretary Nambiar, to approve the
appointment of Dr. Lynn Frostman to the Pearland Innovation Hub Advisory Board and the
Pearland Innovation Hub Non -Profit Corporation Board.
L. Monthly Activity
Monthly Activity Report was reviewed.
No action taken.
The meeting went into Recess at 6:52 p.m.
The meeting went into Executive Session at 7:05 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 551.072 — DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY — Project #2209
The Board closed Executive Session and reconvened into Open Session at 7:38 p.m.
VIII. NEW BUSINESS CONTINUED
M. Deliberations regarding the Lease, Purchase or Sale of Real Property — Project #2209
Vice Chair Koza made a motion, seconded by Secretary Nambiar to authorize the President to
move forward with and negotiate the acquisition process for the tracts associated with Project
#2209 as discussed in Executive Session.
Minutes of a Regular Meeting
June 29, 2023
Page 5
Motion Passed: 5 - 0
IX. ADJOURNMENT:
The meeting adjourned at 7:39 p.m.
Minutes approved as submitted and/or corrected this
A.D., 2023.
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