2023-08-24 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, AUGUST 24, 2023, 5:00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:06 p.m.
BOARD MEMBERS
Vice Chair Jerry Koza
Secretary Randeep Nambiar
Board Member Mona Chavarria
Board Member David Graham
Board Member Dena Hanks
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Mayor Kevin Cole
Pearland Chamber of Commerce Jim Johnson
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Cook
Roxanne Luna -Larsen
Brian Malone
Valerie Marvin
Mou Sarkar
CITY OF PEARLAND
Ron Fraser
Kendra Murphy
Lawrence Provins
II. APPROVAL OF MINUTES
Board Member Chavarria made a motion, seconded by Secretary Nambiar, to approve the minutes of the
July 24, 2023 Special Joint Meeting and July 27, 2023 Regular Meeting.
Motion Passed: 4 — 0
III. PUBLIC COMMENTS
None.
Minutes of a Regular Meeting
August 24, 2023
Page 2
IV. FINANCIAL REPORT
The July 2023 Financial Report and the FY23 Third Quarterly Investment Report was presented.
Board Member Chavarria made a motion, seconded by Secretary Nambiar, to approve the July 2023
Financial Report and the FY23 Third Quarter Investment Report.
Motion Passed: 4 - 0
V. NEW BUSINESS
A. Excuse the absence of Clay, Chavarria and Nambiar from the July 24, 2023 Special Joint meeting
and excuse Nambiar from the Regular Meeting on July 27, 2023.
Board Member Hanks made a motion, seconded by Board Member Graham, to excuse the
absence of Clay Chavarria and Nambiar from the July 24, 2023 Special Joint meeting and excuse
Nambiar from the Regular Meeting on July 27, 2023.
Motion Passed: 4 - 0
Board Member Graham arrived at 5:15 p.m.
B. Business Retention and Expansion Contract Renewal with the Pearland Chamber of Commerce
Renewal of the Business Retention and Expansion Contract with the Pearland Area Chamber of
Commerce for FY2023-24 was presented. The contract would have a total obligation of $135,000
starting October 1, 2023 to September 30, 2023, a 4% increase from the existing contract.
Board Member Hanks made a motion, seconded by Board Member Graham, to approve the
President enter into a contract for services with the Pearland Chamber of Commerce for business
retention and expansion assistance for an amount not to exceed $135,000.
Motion Passed: 5 - 0
C. Economic Alliance Houston Port Region Annual Report
President of the Alliance, Chad Burke, presented the Economic Alliance Houston Port Region
annual report.
No action taken.
D. Professional Services Agreement with Thomas P. Miller & Associates for Manufacturing Sector
Partnership Convening and Community Resource Network Asset Mapping
A Professional Services Agreement for consulting services with Thomas P. Miller & Associates for
the creation and convening of a Manufacturing Sector Partnership, Community Resource
Network mapping and a Work -based Learning Opportunity Landscape study was presented.
Board Member Chavarria made a motion, seconded by Board Member Graham, to approve the
President to enter into a Professional Services Agreement with Thomas P. Miller & Associates for
an amount not to exceed $59,500.
Motion Passed: 5 — 0
Minutes of a Regular Meeting
August 24, 2023
Page 3
E. Monthly Activity Report
President Buchanan presented the Monthly Activity Report
No actions taken.
The meeting went into Recess at 6:06 p.m.
The meeting returned from Recess and went into Executive Session at 6:15p.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
2. 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 #2304
4. SECTION 551.072 — DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY — Project #2305
The Board closed Executive Session and reconvened into Open Session at 7:29 p.m.
VII. NEW BUSINESS CONTINUED
F. Deliberations regarding the Economic Development Negotiations — Project #2202
Board Member Chavarria made a motion, seconded by Board Member Graham, to approve the
President negotiate and enter into a loan agreement with Prospect #2202 with the revised job
retention number as discussed in Executive Session.
Motion Passed: 5 — 0
G. Deliberations regarding the Economic Development Negotiations — Project #2304
Board Member Graham made a motion, seconded by Board Member Hanks, to approve the
President enter into a loan agreement with Prospect #2304 for an amount not to exceed
$250,000 and for an agreement for infrastructure related to the project expected cost of
$350,000.
Motion Passed: 5 — 0
H. Deliberations regarding the Economic Development Negotiations — Project #2305
No action taken.
Minutes of a Regular Meeting
August 24, 2023
Page 4
VIII. ADJOURNMENT:
The meeting adjourned at 7:31 p.m.
Minutes approved as submitted and/or corrected this
A.D., 2023.
ATTEST:
Secretary
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