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2024-02-22 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, FEBRUARY 22, 2024, 5:00 P.M. I. CALL TO ORDER The meeting was called to order at 5:01 p.m. BOARD MEMBERS Chair Jerry Koza Vice Chair Michi Clay Secretary Dena Hanks Board Member Deen Bakthavatsalam Board Member Rick Fernandez Board Member Craig Slater Board Member 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 Brian Malone Valerie Marvin Mou Sarkar CITY OF PEARLAND Victor Brownlees Ron Fraser Darrin Coker Lawrence Provins Michelle Maynor Minutes of a Regular Meeting February 22, 2024 Page 2 Kendra Murphy Tenecha Williams Vance Wyly II. APPROVAL OF MINUTES Board Member Washington made a motion, seconded by Secretary Hanks, to approve the minutes of the Regular Meeting of January 18, 2024. Motion Passed: 6 — 0 Vice Chair Clay arrived. III. PUBLIC COMMENTS IV. FINANCIAL REPORT The December 2023 Financial Report was presented. Secretary Hanks made a motion, seconded by Board Member Hernandez, to approve the December 2023 Financial Report. Motion Passed: 7 - 0 V. NEW BUSINESS A. Excuse the absence of Koza and Hanks from the Regular Board Meeting on January 18, 2024 Vice Chair Clay made a motion, seconded by Secretary Hanks, to excuse the absence of Koza and Hanks from the Regular Meeting on January 18, 2024. Motion Passed: 7 - 0 Public Hearing: For the Construction of Site Development Improvements, Including: Drainage, Roads, and Utilities, for a Proposed Business Park on the Southwest Corner of McHard and Main Streets The Public Hearing was opened at 5:05 p.m. There were no registrants for the public comments and the public hearing was closed at 5:05 p.m. C. Public Hearing: For the Purchase of Land and Engineering Design of Drainage Facilities in Lower Kirby The Public Hearing was opened at 5:06 p.m. There were no registrants for the public comments and the public hearing was closed at 5:06 p.m. D. Professional Service Agreement for Lower Kirby Water and Wastewater Utility Study Updates with Freese & Nichols, Inc. and Civitas Engineering Group, Inc. for Engineering Modeling Services Analysis is required to update the City of Pearland's water and sanitary sewer master plans in Lower Kirby, identifying improvements to a 400-acre site in the Lower Kirby District generally between Hooper Road and Almeda School Road, which does not have water and sanitary sewer services. Minutes of a Regular Meeting February 22, 2024 Page 3 Board Member Slater made a motion, seconded by Board Member Hernandez, to consider and approve the President to enter into a Professional Services Contract with Freese & Nichols, Inc. for engineering services to perform a sanitary sewer study update in the amount of $38,000 and a Professional Services Contract with Civitas Engineering Group, Inc. for engineering services to perform a water study update in the amount of $44,900. Motion Passed: 7 - 0 E. Amend December 5, 2024 Board Meeting Date Request was made to revise the December meeting date from Thursday, December 5, 2024 to Thursday, December 12, 2024, to remove conflicts with caused by a short holiday week. Secretary Hanks made a motion seconded by Vice Chair Clay, to approve the revised 2024 PEDC Board meeting schedule, amending the December 5, 2024 Board Meeting Date to December 12, 2024. Motion Passed: 7 — 0 F. Monthly Activity Monthly Activity Report was reviewed. No action taken. The meeting went into Recess at 5:42 p.m. The meeting went into Executive Session at 5:52 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 — Prospect #2307 3. Section 551.072 - DELIBERATIONS RERGARDING THE LEASE, PURCHASE OR SALE OF REAL PROPERTY— Lower Kirby Land Acquisition 4. Section 551.087 — DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS — Project #2402 The Board closed Executive Session and reconvened into Open Session at 7:09 p.m. VII. NEW BUSINESS CONTINUED G. Deliberations regarding Economic Development Negotiations — Project #2307 Board Member Fernandez made a motion, seconded by Vice Chair Clay, to approve the Chairman to enter into a Reimbursement Agreement with the City of Pearland related to fund public infrastructure cost in an amount not to exceed $2 500,000 and the President to enter into a Development Agreement with the City of Pearland and Prospect #2307 for an amount not to exceed $300,000. Minutes of a Regular Meeting February 22, 2024 Page 4 Motion Passed: 7 - 0 H. Deliberations regarding the Lease, Purchase or Sale of Real Property — Lower Kirby Land Acquisition Board Member Slater made a motion, seconded by Board Member Bakthavatsalam, to approve the Chairman to execute a reimbursement agreement with the City of Pearland for Lower Kirby Master Drainage Plan Land Acquisition in an amount estimated to be $2,020,000 or the actual cost. Motion Passed: 7 — 0 VIII. ADJOURNMENT: The meeting adjourned at 7:11 p.m. Minutes approved as submitted and/or corrected this 23rd day of March A.D., 2024. ATTEST: Secretary • •