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HomeMy WebLinkAbout20250327 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, MARCH 27, 2025 5 00 P.M. CALL TO ORDER The meeting was called to order at 5:01 p.m. BOARD MEMBERS Vice Chair Dena Hanks Secretary JW Washington Board Member Deen Bakthavatsalam Board Member Jerry Koza Board Member Craig Slater EX-OFFICIO MEMBERS PEDC Matt Buchanan City of Pearland Trent Epperson City of Pearland Mayor, Kevin Cole Pearland Chamber Jim Johnson PEARLAND ECONCOMIC DEVELOPMENT STAFF MEMBERS Melissa Cook Roxanne Luna -Larsen Brian Malone Valerie Marvin Jonathan Pollard Mou Sarkar CITY OF PEARLAND Darrin Coker Cary Capers Lawrence Provins Tracy Rohrbacher Vance Wyly APPROVAL OF MINUTES Board Member Koza made a motion, seconded by Board Member Stater, to approve the minutes of the Regular Meeting of February 20, 2025. Minutes of a Regular Meeting March 27, 2025 Page 2 Motion Passed: 5— 0 II. PUBLIC COMMENTS None. Meeting recording begins at this part of the meeting. III. FINANCIAL REPORT January 2025 Financial Report Vice Chair Hanks made a motion, seconded by Board Member Bakthavatsalam, to approve January 2025 Financial Report. Motion Passed: 5 - 0 IV. NEW BUSINESS Al Excuse the absence of Clay from the regular scheduled meeting on February 20, 2025. Board Member Slater made a motion, seconded by Board Member Koza to excuse the absence of Chairwoman Clay from the regular scheduled meeting on February 20, 2025. Motion Passed :5-0 B. Public Hearing— Clear Creek Trail, Segment 5 The Public Hearing was opened at 5:05 p.m. There were no public comments, and the hearing was closed at 5:06 p.m. C. Reimbursement Agreement with the City of Pearland for Clear Creek Trail Segment 5 — Dixie Farm Road to Riverstone Ranch at Glenwick Green Drive Reimbursement Agreement with the City of Pearland to fund their portion of the implementation of Clear Creek Trail Segment 5 plan as part of the Harris County Precinct 2 Partnership Project. Secretary Washington made a motion, seconded by Board Member Koza, to approve the Chair to enter into a Reimbursement Agreement with the City of Pearland to fund the City's Contribution for Clear Creek Trail Segment 5 in an amount not to exceed $4,141,950, Motion Passed: 5 - 0 D. Reimbursement Agreement with the City of Pearland for Smith Ranch Road Public Improvement District Reimbursement Agreement with the City of Pearland to fund their contribution for sanitary sewer service improvements, including a lift station and the extension of sanitary sewer force main, as part of the Domain at Smith Ranch project and Public Improvement District, Board Member Bakthavatsalam made a motion, seconded by Secretary Washington, to approve the Chair to enter into a Reimbursement Agreement with the City of Pearland to fund the City's Contribution toward the Smith Ranch Public Improvement District, in the amount of $4,635,450.00. Minutes of a Regular Meeting March 27, 2025 Page 3 Motion Passed: 5 — 0 E. Skyway Manor Funding Request Skyway Manor Airport requested funding for improvements including solar runway edge lighting and identification signage near FM518. Board Member Koza made a motion to fund the Skyway Manor $39,000 request for solar runway edge lighting and identification signage near FM518. Motion was not taken up for discussion due to a lack of second. Motion failed: Lack of second. F. Monthly Activity Monthly Activity Report was reviewed. No action taken. The meeting went into Executive Session at 6:23 p.m. after a brief recess. V. 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 the Open Session at 6:55 p.m. VI. ADJOURNMENT• With no other business before the Board the meeting adjourned at 6:55 p.m. Minutes approved as submitted and/or corrected this 24th day of April A.D., 2025, Chair ATTEST: