HomeMy WebLinkAbout2024-12-19 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, DECEMBER 19, 2024, 5:00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:02 p.m.
BOARD MEMBERS
Vice Chair Mich' Clay
Board Member Deen Bakthavatsalam
Board Member Rick Fernandez
Board Member Craig Slater
Board Member JW Washington
EX-OFFICIO MEMBERS
PEDC
City of Pearland
Matt Buchanan
Trent Epperson
PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS
Melissa Cook
Roxanne Luna -Larsen
Brian Malone
Valerie Marvin
CITY OF PEARLAND
Kevin Carter
Ron Fraser
Kendra Murphy
Lawrence Provins
Melissa Saxton
II. APPROVAL OF MINUTES
Board Member Washington made a motion, seconded by Board Member Fernandez, to approve the
minutes of the Regular Meeting of Ocotober 24, 2024
Motion Passed: 5 — 0
Minutes of a Regular Meeting
December 19 2024
Page 2
III. PUBLIC COMMENTS
Ken Rice past Pearland, Recreation & Beautification Board member introduced himself to the Board.
IV. FINANCIAL REPORT
Septmber and October 2024 Financial Reports
Board Member Fernandez made a motion, seconded by Board Member Slater, to approve the September
and October 2024 Financial Reports.
Motion Passed: 5 - 0
V. NEW BUSINESS
A. Reimbursement Agreement with the City of Pearland for the Parks, Recreation, Open Spaces and
Trails Master Plan
A Reimbursement Agreement with the City of Pearland proposing that the PEDC fund the update
of the Parks, Recreation, Open Spaces and Trails Master Plan was presented
Motion Passed: 5 - 0
PUBLIC HEARING: For expenditures for Park Land Acquisition
The Public Hearing was opened at 5:27 p.m. There were no public comments and the public
hearing was closed at 5:27 p.m.
C. Election of Board Officers
Board Member Bakthavatsalam nominated Clay as Chair, Hanks as Vice Chair and Washington as
Secretry. No other nominations were presented.
Passed: 5 - 0
D. Program of Work Progress Update
No action taken.
E. Monthly Activity
Monthly Activity Report was reviewed.
No action taken.
The meeting went into Recess at 5:44 p.m.
The meeting reconvened and went into Executive Session at 5:54 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
Minutes of a Regular Meeting
December 19 2024
Page 3
2. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Prospect #2412
Section 551.087 — DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Project #2413
Section 551.087 — DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS —
Project #2414
5. SECTION 551.074 — PERSONNEL MATTERS — Discussion with the City Manager Regarding the
PEDC President's Evaluation
The Board closed Executive Session and reconvened into Open Session at 7:36 p.m.
VII. NEW BUSINESS CONTINUED
F. Deliberations regarding Economic Development Negotiations — Project #2412
Board Member Washington made a motion, seconded by Board Member Fernandez, to approve
the Chairman to enter into a Reimbursement Agreement with the City of Pearland related to
Project #2412 as discussed in executive session.
Motion Passed: 5 - 0
G. Deliberations regarding Economic Development Negotiations — Project #2413
Board Member Slater made a motion, seconded by Board Member Bakathavatsalam, to approve
the President negotiate and enter into a loan agreement with Prospect #2413 as discussed in
executive session.
Motion Passed: 5 — 0
H. Deliberations regarding Economic Development Negotiations — Project #2414
No action taken.
VIII. ADJOURNMENT:
The meeting adjourned at 7:37 p.m.
Minutes approved as submitted and/or corrected this 12th day of December A.D., 2024.
ATTEST: