HomeMy WebLinkAbout20250724 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, JULY 24, 2025, 5 00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:03 p.m.
BOARD MEMBERS
Chair Mich' Clay
Secretary JW Washington
Board Member Jerry Koza
Board Member Ken Rice
Board Member Craig Slater
EX-OFFICIO MEMBERS
PEDC Matt Buchanan
City of Peartand Trent Epperson
City of Peartand Mayor Kevin Cote
Peartand Chamber Jim Johnson
PEARLAND ECONOMIC DEVELOPMENT STAFF MEMBERS
Melissa Cook
Roxanne Luna -Larsen
Matt Peno
Adrian Perez
Jonathan Pollard
Valerie Marvin
Mou Sarkar
CITY OF PEARLAND
Damn Coker
Lawrence Provins
Vance Wyly
II. APPROVAL OF MINUTES
Secretary Washington made a motion, seconded by Board member Koza, to approve the minutes of the
Regular Meeting of June 26, 2025.
Motion Passed: 5 — 0
Minutes of a Regular Meeting
July 24, 2025
Page 2
III. PUBLIC COMMENTS
New Board member, Ken Rice, and new Vice President, Adrian Perez, were introduced.
IV. FINANCIAL REPORT
May 2025 Monthly Financial Report
Board member Koza made a motion, seconded by Board Member Rice, to approve the May 2025
Monthly Financial Report.
Motion Passed: 5 - 0
V. NEW BUSINESS
A. Excuse the absence of Chair Clay from the Regular meeting on June 26, 2025
Secretary Washington made a motion, seconded by Board member Koza, to excuse the
absence of Chair Clay from the Regular meeting on June 26, 2025.
Motion Passed: 5 — 0
B. Pearland Chamber of Commerce FY25 3rd Quarter BizConnect Report
N o action taken.
C. Reimbursement Agreement with the City of Pearland for Smith Ranch Road Public
Improvement District
Secretary Washington made a motion, seconded by Board member Rice to approve the Chair
to enter into an updated 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.
Motion Passed: 5 -0
D. Monthly Activity
N o action taken.
The meeting went into Executive Session at 6:22 p.m. after a brief recess.
VI. OTHER BUSINESS:
Executive Session Under Texas Government Code
1. SECTION 551.087 DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT
N EGOTIATIONS —Update on Business Attraction/Retention Projects
2. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT
N EGOTIATIONS — Project #2106
3. SECTION 551.087 — DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT
N EGOTIATIONS — Project #2416
Minutes of a Regular Meeting
July 24, 2025
Page 3
4. SECTION 551.072 — DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY— Project #2417
The Board closed Executive Session and reconvened the Open Session at 7:16 p.m.
VII. NEW BUSINESS CONTINUED
E. Deliberations regarding economic development negotiations — Project #2106
Board member Rice made a motion to approve the President to enter into an amended
development agreement with Prospect #2106, or related entity as discussed in executive
session.
Motion Passed: 5 — 0
F. Deliberations regarding economic development negotiations — Project #2416
No action taken.
G. Deliberations regarding economic development negotiations — Project #2417
Secretary Washington made a motion, seconded by Board member Rice, for the Consideration
and approval of the President to negotiate a Professional Services Agreement for Project #2417
as discussed in executive session.
Motion Passed: 5 — 0
VIII. ADJOURNMENT*
With no other business before the Board, the meeting adjourned at 8:14 p.m.
Minutes approved as submitted and/or corrected this 28th day of August A.D., 2025.
ATTEST:
Secretary