2024-01-18 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, JANUARY 18, 2024, 5:00 P.M
I. CALL TO ORDER
The meeting was called to order at 5:02 p.m.
BOARD MEMBERS
Vice Chair
Board Member
Board Member
Board Member
Board Member
Michi Clay
Deen Bakthavatsalam
Rick Fernandez
Craig Slater
JW Washington
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Pearland Trent Epperson
Pearland Chamber of Commerce Jim Johnson
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Cook
Jess Byerly
Roxanne Luna -Larsen
Brian Malone
Valerie Marvin
Mou Sarkar
CITY OF PEARLAND
Victor Brownlees
Ron Fraser
Darrin Coker
Rushi Patel
Lawrence Provins
Michelle Maynor
Minutes of a Regular Meeting
January 18, 2024
Page 2
Kendra Murphy
Tenecha Williams
Tracy Rohrbacher
Vance Wyly
II. APPROVAL OF MINUTES
Board Member Washington made a motion, seconded by Board Member Fernandez, to approve the
minutes of the Regular Meeting of December 7, 2023 and the Special Joint Meeting with City Council on
December 18, 2023.
Motion Passed 5 — 0
III. PUBLIC COMMENTS
New Board Member Rick Fernandez was introduced.
IV. FINANCIAL REPORT
The November 2023 Financial Report was presented.
Board Member Slater made a motion, seconded by Board Member Bakthavatsalam, to approve the
November 2023 Financial Report.
Motion Passed: 5 - 0
V. NEW BUSINESS
A. Pearland Prosperity Plan Update.
The final draft of the update to the Pearland Prosperity Strategic Plan was presented to the
Board.
Board Member Washington made a motion, seconded by Board Member Bakthavatsalam, to
approve the updated Pearland Prosperity Strategic Plan.
Motion Passed: 5 - 0
B. Appointment of Pearland Prosperity Implementation Committee Membership
Board Member Hernandez made a motion, seconded by Board Member Washington, to appoint
a Parks, Recreation and Beautification member and a Convention and Visitors Bureau Advisory
Board member to the Pearland Prosperity Implementation Committee.
Motion Passes: 5 -0
C. Pearland Chamber of Commerce Fiscal Year 2023-24 1st Quarter BizConnect Report
Jim Johnson, President and CEO of the Pearland Chamber of Commerce, presented the Fiscal
Year 2023-24 15t Quarter BizConnect Report.
No action taken.
Minutes of a Regular Meeting
January 18, 2024
Page 3
D. Pearland Innovation Hub Fiscal Year 2023-24 1st Quarter Report
Brandy Guidry, Navigator for the Pearland Innovation Hub, presented the Fiscal Year 2023-24 1st
Quarter Report.
No action taken.
E. Monthly Activity
Monthly Activity Report was reviewed.
No action taken.
The meeting went into Recess at 6:25 p.m.
The meeting 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 Prospect #2206
3. Section 551.072 - DELIBERATIONS RERGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY — Project #2400
4. Section 551.087 — DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Project #2401
The Board closed Executive Session and reconvened into Open Session at 7:45 p.m.
VII. NEW BUSINESS CONTINUED
F. Deliberations regarding Economic Development Negotiations — Project #2206
Board Member Bakthavatsalam made a motion, seconded by Board Member Slater, to approve
the Chairman to enter into a Reimbursement Agreement with the City of Pearland related to
Project #2206 to include funding for off -site road and drainage infrastructure improvements in
an amount estimated to be $350,000 or the actual cost.
Motion Passed: 5 - 0
Deliberations regarding the Lease, Purchase or Sale of Real Property - Project #2400
Board Member Washington made a motion, seconded by Board Member Fernandez, to authorize
the President to move forward with and negotiate the acquisition process for the tract
associated with Project #2400, as discussed in Executive Session.
Motion Passed: 5 — 0
Minutes of a Regular Meeting
January 18, 2024
Page 4
H. Deliberations regarding Economic Development Negotiations — Project #2401
Board Member Fernandez made a motion, seconded by Board Member Washington, to authorize
the President to move forward with and negotiate a development agreement for Project #2401,
as discussed in Executive Session.
Motion Passed: 5 — 0
VIII. ADJOURNMENT:
The meeting adjourned at 7:45 p.m.
Minutes approved as submitted and/or corrected this 22nd day of February A.D., 2024.
ATTEST:
Secretary