2024-05-23 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, MAY 23, 2024, 5:00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:02 p.m.
BOARD MEMBERS
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
City of Pearland Mayor Kevin Cole
Pearland Chamber of Commerce Jim Johnson
PEARLAND ECONOMIC DEVELOPMENT STAFF MEMBERS
Jess Byerly
Melissa Cook
Roxanne Luna -Larsen
Brian Malone
Valerie Marvin
Mou Sarkar
CITY OF PEARLAND
Darrin Coker
Lawrence Provins
Kendra Murphy
I1. APPROVAL OF MINUTES
Board Member Washington made a motion, seconded by Board Member Fernandez, to approve the
minutes of the Regular Meeting of April 25, 2024.
Motion Passed: 6 - 0
Minutes of a Regular Meeting
May 23, 2024
Page 2
III. PUBLIC COMMENTS
None
IV. FINANCIAL REPORT
The April 2024 Financial Report was presented.
Board Member Washington made a motion, seconded by Board Member Bakthavatsalam, to approve the
April 2024 Monthly Financial Report.
Motion Passed: 6 - 0
V. NEW BUSINESS
A. FY2024 Program of Work Update and FY2025 Program of Work
The FY2024 Program of Work Update and the FY2025 Program of Work was presented.
Secretary Hanks made a motion, seconded by Board Member Washington, to approve the
FY2025 Program of Work.
Motion Passed: 6 - 0
B. Public Hearing: FY2025 Budget and Related Projects
The Public Hearing was opened at 5:17 p.m. There were no peakers for the public comments and
the public hearing was closed at 5:17 p.m.
C. Proposed FY2025 Budget and FY2024 Budget Amendment
Amendments to the FY2024 Budget and the Proposed FY2025 Budget were presented.
Board Member Fernandez made a motion, seconded by Secretary Hanks, to approve the
amendments to the FY24 Budget with a total revenue of $16,951,066 and total expenses of
$20,162,959 and approval of the FY25 Budget with total revenue of $21,299,677 and total
expenses of $42,677,697.
Motion Passed: 6 - 0
Professional Services Agreement for FM518/Broadway Reconstruction with TBG Partners for
Landscape Architect Services — Phase II Enhancements
Presented was a professional services agreement with TBG Partners for landscape architecture
services that would create design sheets to be added to TxDOT s construction plans for the
widening of Broadway generally from Cullen Boulevard to McLean Road
Board Member Washington made a motion, seconded by Board Member Slater, to approve the
President to enter into a Professional Services Agreement with TBG for Broadway Corridor
Enhancements Phase II design in the amount of $333,330.
Motion Passed:,6 - 0
Minutes of a Regular Meeting
May 23, 2024
Page 3
E. Monthly Activity
Monthly Activity Report was reviewed.
No action taken.
The meeting went into Recess at 6:01 p.m.
The meeting went into Executive Session at 6:15 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 #2403
3. SECTION 551.072 — DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY — Project #2200
4. SECTION 551.072 — DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY — Project #2400
The Board closed Executive Session and Reconvened into Open Session at 7:21 p.m.
VII. NEW BUSINESS CONTINUED:
F. Deliberations regarding Economic Development Negotiations - #2403
No action taken.
G. Deliberations regarding the Lease, Purchase or Sale of Real Property — #2200
No action taken.
H. Deliberations regarding the Lease, Purchase or Sale of Real Property #2400
No action taken.
VIII. ADJOURNMENT:
The meeting adjourned at 7:21 p.m.
Minutes approved as submitted and/or corrected this 27th day of June A.D.
ATTEST:
Secretary