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2023-10-26 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, OCTOBER 26, 2023, 5:00 P.M. I. CALL TO ORDER The meeting was called to order at 5:03 p.m. BOARD MEMBERS Chair Chad Thumann Vice Chair Jerry Koza Board Member Michi Clay Board Member Dena Hanks EX-OFFICIO MEMBERS PEDC Matt Buchanan Pearland Chamber of Commerce Jim Johnson PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS Jess Byerly Melissa Cook Roxanne Luna -Larsen Brian Malone Valerie Marvin Mou Sarkar CITY OF PEARLAND Darrin Coker Victor Brownlees Kendra Murphy Tracy Rohrbacher Vance Wyly II. APPROVAL OF MINUTES Board Member Hanks made a motion, seconded by Board Member Clay, to approve the minutes of the September 28, 2023, Regular Board Meeting and October 9, 2023, Special Joint PEDC and City Council Meeting. Motion Passed: 4 -- 0 Minutes of a Regular Meeting October 26, 2023 Page 2 III. PUBLIC COMMENTS None. IV. FINANCIAL REPORT The September 2023 Financial Report was presented. Board Member Clay made a motion, seconded by Vice Chair Koza, to approve the September 2023 Financial Report as presented. Motion Passed: 4 - 0 V. NEW BUSINESS A. Excuse the absence of Thumann and Nambiar from the September 28, 2023 Regular Meeting. Vice Chair Koza made a motion, seconded by Board Member Hanks, to Excuse the absence of Thumann and Nambiar from the September 28, 2023 Regular Meeting. Motion Passed: 4 - 0 B. National Business Survey Presentation Survey results of local Pearland businesses were presented by Polco, the vendor that administered the survey. No action taken. C. Marketing Campaign Implementation Plan and Professional Services Agreement for Marketing Services Strategy, direction and costs for the 2024 Marketing Campaign were presented. The campaign theme is "Inspiration Lives Here" and is an evolution of prior years' campaigns with emphasis being placed on people who call Pearland home. Board Member Hanks made a motion, seconded by Board Member Clay to approve the 2023 PEDC marketing campaign implementation plan, for the President to enter into a Professional Services Agreement with Amanda Hansen Group for an amount not to exceed $72,000 and for the President to negotiate and enter into an agreement with LocaliQ for an amount not to exceed $112,945 and with Business Journals for an amount not to exceed $61,975. Motion Passed: 4 — 0 D. Authorization for High Demand Job Training Letter of Commitment with Gulf Coast Workforce Board and Alvin Community College Presented was a letter of commitment with the Gulf Coast Workforce Board and Alvin Community College to provide a matching amount not to exceed $50,000 needed to apply for the Workforce Innovation and Opportunity Act (WIOA), a High Demand Job Training Grant through the Texas Workforce Commission. The WIOA grant provides for a dollar -for -dollar match and must be spent on WIOA target industries to provide job training and related costs. The funds will be used to support training and equipment costs for a Biotechnology Certificate Course. Minutes of a Regular Meeting October 26, 2023 Page 3 Board Member Clay made a motion, seconded by Vice Chair Koza, to authorize the President to enter into a letter of commitment with the Gulf Coast Workforce Board and Alvin Community College for an amount not to exceed $50,000 for a primary job training program. Motion Passed: 4 — 0 Amendments to the FY2023-24 Budget Amendments to the FY2023-24 Budget were presented that would carryover unspent funds from items budgeted in FY2022-23 to be added to the FY2023-24 budget. Vice Chair Koza made a motion, seconded by Board Member Clay, to approve amending the FY2023-24 budget to reflect total expenditures of $16,086,665. Motion Passed: 4 — 0 F. Pearland Innovation Hub 4th Quarter Update Item was not heard but will be on the December 7, 2023 Board Meeting agenda. G. Pearland Chamber of Commerce FY2022-23 4th Quarter Biz Connect Report Pearland Chamber of Commerce President/CEO Jim Johnson presented the FY2022-23 4th Quarter Biz Connect Report. No action taken. H. Old Townsite Study Discussion held about beginning an updated comprehensive study of the Old Townsite area. I. Monthly Activity Report President Buchanan presented the Monthly Activity Report No actions taken. The meeting went into Recess at 6:30 p.m. The meeting returned from Recess and went into Executive Session at 6:40 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 2. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS Project #2202 3. SECTION 551.072 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS Project #1704 The Board closed Executive Session and reconvened into Open Session at 6:57 p.m. Minutes of a Regular Meeting October 26, 2023 Page 4 VII. NEW BUSINESS CONTINUED J. Deliberations regarding the Lease, Purchase or Sale of Real Property — Project #2202 No action taken. I. Deliberations regarding the— Project #1704 Vice Chair Koza made a motion, seconded by Board Member Clay, to approve the President negotiate and enter into a second amended loan agreement with Prospect #1704. Motion Passed: 4 — 0 VIII. ADJOURNMENT: The meeting adjourned at 6:58 p.m. Minutes approved as submitted and/or corrected this 7th day of December, A.D., 2023. ATTEST: Secretary f chair