HomeMy WebLinkAbout2022-11-21 DEVELOPMENT AUTHORITY OF PEARLAND MEETING MINUTES
Development Authority of Pearland Minutes November 21, 2022
CITY OF PEARLAND, TEXAS
DEVELOPMENT AUTHORITY OF PEARLAND MEETING MINUTES
NOVEMBER 21, 2022
The Development Authority of Pearland of the City Council of Pearland, Texas, convened
in a meeting on November 21, 2022 in the Pearland City Hall Sacramento Room, 3519
Liberty Drive, Pearland, Texas. The following represents the actions taken in the order they
occurred during the meeting.
I. CALL TO ORDER AND CERTIFICATION OF QUORUM
Boardmember Carbone called the meeting to order at 4:03 p.m.
II. ROLL CALL – CERTIFICATION OF QUORUM
Boardmember Tony Carbone
Boardmember Tom Poole
Boardmember Donna Rizzo
Boardmember Ed Baker
Boardmember Tom Reid
Others present were Trent Epperson, Interim City Manager; Ron Fraser, Assistant City
Manager; Frances Aguilar, City Secretary; Amy Buckert Johnson, Chief Financial
Officer; Christina Ordonez-Campos, Controller, John Robuck, BOK Financial
Securities, Rick Witte, Orrick and Tanya Fisher, Orrick.
III. CITIZEN COMMENTS
There were no citizen comments
IV. NEW BUSINESS
1. Consideration and Possible Action - Approval of the Development
Authority of Pearland (DAP) Board of Directors Regular Meeting Minutes
held on October 27, 2022.
Motion to approve by Member Poole, seconded by Member Carbone.
AYES: All.
NO: None.
Development Authority of Pearland Minutes November 21, 2022
2. Consideration and Possible Action - RDAP2022-06 Authorizing the
issuance of Development Authority of Pearland Tax Increment Contract
Revenue Bonds, Series 2022.
John Robuck of BOK Financial Securities gave a presentation regarding
the bond sale. There was one competitive bid at 3.74%.
Motion to approve by Member Carbone, seconded by Member Poole
second.
AYES: All.
NO: None.
3. Consideration and Possible Action - RDAP2022-07 - Authorization of
Developer Reimbursement, four entities: KB Home Lone Star, CCAC
Reserve Holdings, 518 SCR Limited, and City of Pearland (Fire Station
#8), totaling $13,735,000.
Motion to approve by Member Carbone, seconded by Member Poole
second.
AYES: All.
NO: None.
4. ADJOURNMENT
The meeting was adjourned at 4:13 p.m.
Amy Buckert Johnson
CHIEF FINANCIAL OFFICER