2024-06-27 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, JUNE 27, 2024, 5:00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:00 p.m.
BOARD MEMBERS
Chair Jerry Koza
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 ECONCOMIC DEVELOPMENT STAFF MEMBERS
Jess Byerly
Melissa Cook
Roxanne Luna -Larsen
Mou Sarkar
CITY OF PEARLAND
Victor Brownlees
Ron Fraser
Lawrence Proms
Tracy Rohrbacher
II. APPROVAL OF MINUTES
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Board Member Slater made a motion, seconded by Board Member Fernandez, to approve the minutes of
the Regular Meeting of May 23, 2024.
Motion Passed: 6 — 0
Minutes of a Regular Meeting
June 27, 2024
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III. PUBLIC COMMENTS
Linda Kuhn; 2112 W Marsala Drive, Pearland, Texas, 77581 Ms. Kuhn spoke in favor of native plants to be
included in the FM518/Broadway landscape plan.
IV. FINANCIAL REPORT
The March 2024 Financial Report and the 2nd Quarter FY2024 Investment Report was presented.
Secretary Hanks made a motion, seconded by Board Member Bakthavatsalam, to approve the March
2024 Monthly Financial Report and the 2nd Quarter FY2024 Investment Report.
Motion Passed: 6 - 0
V. NEW BUSINESS
A. Excuse the absence of Chair Koza from the May 23, 2024 Meeting.
Secretary Hanks made a motion, seconded by Board Member Fernandez, to excuse the absence
of Koza from the Regular Meeting on May 23, 2024
Motion Passed: 6 — 0
B. Bond Issuance Background
John Robuck, Managing Director of BOK Financial Securities, Inc. and financial advisor for the
PEDC, gave an overview of the bond issuance process for the Corporation.
No action taken.
C. Standard Services Contract for Pearland Innovation Hub Technology Platform with HUUB, LLC.
A services contract with HUUB, LLC, a technology platform to be utilized by the Pearland
Innovation Hub (PIH) members that provides technical assistance, on demand business training,
grants center and site translation was presented.
Board Member Bakthavatsalam made a motion, seconded by Board Member Washington, to
approve the President to enter into a Standard Services Contract with HUUB, LLC for a
subscription for an amount not to exceed $137,250 to provide a technology platform for the PIH
plus reimbursable expenses for technical assistance advisors.
Motion Passed: 5 — 0
Abstained: Hanks
D. General Service Contracts for Entryway and Corridor Enhancements Maintenance with
Landscape Art and LandCare.
General services contracts to maintain the entryways and corridors maintained by the PEDC was
presented. The first contract is for Landscape Art maintaining. Cullen, Dixie Farm, Broadway
East, Shadow Creek and Yost for a cost of $190,000. The second contract with Landcare will
maintain SH 35 and Pearland Parkway costing $360,000.00. Discussed best value bid and
reasoning for picking the two proposed vendors.
Board Member Washington made a motion, seconded by Board Member Slater, to approve the
President to into general service contracts for entryway and corridor maintenance in a total
Minutes of a Regular Meeting
June 27, 2024
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amount not to exceed $550,000 in the following individual not -to -exceed amounts: Landscape
Art, Inc. for $190,000, and LandCare for $360,000.
Motion Passed: 5 —1
Opposed: Fernandez
E. General Services Contract for 802 Riley Road Site Clearing with Grant McKay Demolition
A contract for site demolition and clearing with Grant McKay Demolition for $38,000.00 to tear
down and clear a vacant and dilapated structure purchased by the PEDC was presented The
contract includes the removal of structures, gravel, asphalt, debris, general clearing, clean-up and
seeding as well as removing 26,000 square feet of remnant concrete slabs on adjacent properties
with owner's permission via a temporary construction easement.
Board Member Fernandez made a motion, seconded by Board Member Slater, to approve the
President, or his designee, award a contract for demolition services associated with 802 Riley
Road to Grant MacKay Demolition, Co. in the amount of $38,000.00.
Motion Passed: 6 — 0
F. Reimbursement Agreement for FM 518/Broadway Reconstruction — Phase II.
As part of TxDOT's project to widen FM518/Broadway, a reimbursement agreement was
presented for for $1 8M with the City of Pearland funding the Phase II Water and Sanitary Sewer
Utility Relocation Engineering Design from FM518/Broadway.
Board Member Washington made a motion, seconded by Board Member Fernandez, to approve
the Chair to execute a reimbursement agreement with the City of Pearland to fund the Phase 11
Water and Sanitary Sewer Utility Relocation Engineering Design for FM 518/Broadway
Reconstruction in an amount of $1 8M or the actual cost.
Motion Passed: 6 - 0
G. Monthly Activity
Monthly Activity Report was reviewed.
No action taken.
The meeting went into Recess at 7:15 p.m.
The meeting went into Executive Session at 7:26 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
The Board closed Executive Session and Reconvened into Open Session at 7:37 p.m.
VH. ADJOURNMENT:
With no further action the meeting adjourned at 7:37 p.m.
Minutes of a Regular Meeting
June 27, 2024
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Minutes approved as submitted and/or corrected this 22"d day of August A.D., 2024
ATTEST:
Secretary
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