HomeMy WebLinkAbout20251023 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, OCTOBER 23, 2025, 5:00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:02 p.m.
BOARD MEMBERS
Chair
Vice Chair
Board Member
Board Member
Board Member
Board Member
EX -OFFICIO MEMBERS
PEDC
City of Pearland
City of Pearland
Pearland Chamber
Michi Clay
Dena Hanks
Deen Bakthavatsalam
Jerry Koza
Ken Rice
Craig Slater
Matt Buchanan
Trent Epperson
Mayor Kevin Cote
Jim Johnson
PEARLAND ECONOMIC DEVELOPMENT STAFF MEMBERS
Melissa Cook
Roxanne Luna -Larsen
Valerie Marvin
Matt Peno
Adrian Perez
Jonathan Pollard
Mou Sarkar
CITY OF PEARLAND
Lawrence Provins
Tracy Rohrbacher
Melissa Saxton
Minutes of a Regular Meeting
October 23, 2025
Page 2
II. APPROVAL OF MINUTES
Vice Chair Hanks made a motion, seconded by Board Member Koza, to approve the minutes of the
September 25, 2025 Regular Meeting.
Motion Passed: 6-0
III. PUBLIC COMMENTS
None.
IV. FINANCIAL REPORT
FY25 Third Quarter Investment Report
Vice Chair Hanks made a motion, seconded by Board Member Bakathalasam, to approve the FY25
Third Quarter Investment Report.
Motion Passed: 6-0
V. NEW BUSINESS
A. Public Hearing - Engineering Design and Construction Services for Knapp Road
The Public Hearing was opened at 5:05 p.m. There were no public comments, and the hearing
closed at 5:06 p.m.
B. Professional Services Agreement with TIP Strategies, Inc. for the 2026-2030 Workforce Strategy
Action Plan
Vice Chair Hanks made a motion, seconded by Board Member Rice, to approve the President
to enter into a Professional Services Agreement with TIP Strategies for an amount of $80,000.
Motion Passed: 6 - 0
C. Report: National Business Survey Presentation
Presentation was made via video conference by Polco consultant Jason Neumeyer
No action taken.
D. Amendments to the FY26 Budget
Board Member Rice made a motion, seconded by Board Member Bakathavatsalam, to approve
amending the FY26 budget to reflect total revenue of $20,105,675 and expenditures of
$44,709,923.
Motion Passed: 6 — 0
E. Report: Pearland Chamber of Commerce FY25 4th Quarter BizConnect Report
Presentation was made by Jim Johnson, President and CEO of the Pearland Chamber.
No action taken.
Minutes of a Regular Meeting
October 23, 2025
Page 3
F. Old Town Revitalization —Alley Behind Grand Street
Board Member Koza made a motion, seconded by Board Member Rice, for PEDC to provide
funding for the proposed alley improvements in Old Town.
Motion Failed: 0 - 6
G. Monthly Activity
Matt presented the Actvity Report and the Procurement Process for PEDC.
No action taken.
The meeting went into Executive Session at 6:22 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
2. SECTION 551.087 -DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS — Project #2501
3. SECTION 551.072 -DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY
The Board closed Executive Session and reconvened the Open Session at 7:18 p.m.
VII. NEW BUSINESS CONTINUED:
H. CONSIDERATION AND POSSIBLE ACTION: Deliberations Regarding Economic Development
Negotiations — Project #2501
Board Member Koza made a motion, seconded by Board Member Rice to Approve the Chair to
enter into a Reimbursement Agreement with the City of Pearland, related to Project #2501, to
fund design and construction services for Knapp Road reconstruction from Main Street to
Glenda in an amount not to exceed $7.4M.
Motion Passed: 6 - 0
CONSIDERATION AND POSSIBLE ACTION: Deliberations Regarding the Lease, Purchase or
Sale of Real Property
Board Member Slater made a motion, seconded by Board Member Koza,to approve the
President to negotiate and enter a contract to purchase project #2505 and #2506 tracts for a
price not to exceed $450,000 as discussed in executive session.
Motion passed: 6-0
Minutes of a Regular Meeting
October 23, 2025
Page 4
VIII. ADJOURNMENT:
With no other business before the Board, the meeting adjourned at 7:09 p.m.
Minutes approved as submitted and/or corrected this 11th day of December A.D., 2025.
Chair