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Home My WebLink About20251001 DAP Meeting MinutesDAP Annual Meeting — Board of Directors MINUTES Location: City Hall Administration — Sacramento Date: October 1, 2025 Time: 4:00 PM -4:14 PM Attendees: 1< I. Chair Carbone called the meeting to order at 4:00 p.m. II. ROLL CALL AND CERTIFICATION OF QUORUM Members present were Chair Tony Carbone, Tom Pool, Donna Rizzo, Christine Turner, Member Mayor Cole. a. All members were present. Others present were Trent Epperson, City Manager, Melissa Saxton Finance Director, Tenecha Williams, Assistant Director of Finance, Joel Hardy, Grants/Special Projects Administrator, Allison Franklin, Management Assistant- Finance III. CITIZEN COMMENTS There were no citizen comments. IV. REGULAR AGENDA 1. Consideration and Possible Action - Approval of the minutes of the Development Authority of Pearland (DAP) Board of Directors Regular Meeting held on November 13, 2024. a. Chair Carbone made the motion, seconded by Member Rizzo to approve the Development Authority of Pearland (DAP) Board of Directors Regular Meeting Minutes held on October 1,2025. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. 2. Consideration and Possible Action Consideration and Possible Action - Resolution No. RDAP 2025-01 - A Resolution of the Development Authority of Pearland (DAP) accepting the Independent Accountant's Report on Application of Agreed -Upon Procedures of Costs Reimbursable to City of Pearland, Texas from $14,531,559 of Surplus Tax Increment Revenues as of October 1, 2025 a. Chair Carbone made the motion, seconded by Member Rizzo to elaborate on projects. Mayor Cole required staff support from Joel. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. 3. Consideration and Possible Action - Resolution No. RDAP 2025-02 - A Resolution of the Development Authority of Pearland (DAP), Texas, accepting the Financial Reports for the period ending September 30, 2025. a. Chair Carbone made the motion, seconded by Member Rizzo, to elaborate on financial reports. Mayor Cole required staff support from Tenecha and Melissa. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried 4. Consideration and Possible Action - Resolution No. RDAP 2025-03 - A Resolution of the Development Authority of Pearland (DAP), accepting the quarterly Investment Reports for the periods ending September 2024, December 2024, March 2025, and June 2025 a. Chair Carbone made the motion, seconded by Member Rizzo, to elaborate on investment reports. Mayor Cole required staff support from Tenecha and Melissa. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried 5. Consideration and Possible Action - Resolution No. RDAP 2025-04 - A Resolution of the Development Authority of Pearland (DAP), Texas, ratifying checks 1221 through 1224 totaling $4,500.00 a. Chair Carbone made the motion, seconded by Member Rizzo to elaborate on checks. Mayor Cole required staff support from Joel. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. 6. Consideration and Possible Action - Resolution No. RDAP 2025-05 - A Resolution of the Development Authority of Pearland (DAP), Texas, authorizing reimbursements in the total amount of $14,531,559 to City of Pearland; specifically, in the amounts of $12,834,985 for LFA # 20-09-001 - Shadow Creek Ranch Park Phase II, $910,714 for LFA # 19-10-003 - Shadow Creek Ranch Nature Trail, and $785,860 for LFA # 21-02-001 - Shadow Creek Ranch Sidewalk Extensions to reimburse developers for TIRZ infrastructure improvements. a. Chair Carbone made the motion, seconded by Member Rizzo, to elaborate on reimbursements. Mayor Cole required staff support from Joel. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. MEETING MINUTES DEVELOPMENT AUTHORITY OF PEARLAND (DAP) OCTOBER 1, 2025 4:00PM 3519 LIBERTY DRIVE, PEARLAND TX 77581 SACRAMENTO CONFERENCE ROOM CALL TO ORDER Chair Carbone called the meeting to order at 4:00 p.m. ROLL CALL AND CERTIFICATION OF QUORUM All Members were present: Tony Carbone (Chair); Donna Rizzo (Secretary); Kevin Cole (Director); Tom Pool (Director); and Christine Turner (Director). Others present were: Trent Epperson, City Manager; Melissa Saxton Finance Director; Tenecha Williams, Assistant Director of Finance; Joel Hardy, Head of External Affairs; and Allison Franklin, Management Assistant- Finance CITIZEN COMMENTS There were no citizen comments. REGULAR AGENDA Consideration and Possible Action - Approval of the Minutes of the Development Authority of Pearland (DAP) Board of Directors Regular Meeting held on November 13, 2024. Chair Carbone made the motion, seconded by Member Rizzo to approve the Development Authority of Pearland (DAP) Board of Directors Regular Meeting Minutes held on October 1,2025. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. Consideration and Possible Action Consideration and Possible Action - Resolution No. RDAP 2025-01 - A Resolution of the Development Authority of Pearland (DAP) accepting the Independent Accountant’s Report on Application of Agreed-Upon Procedures of Costs Reimbursable to City of Pearland, Texas from $14,531,559 of Surplus Tax Increment Revenues as of October 1, 2025 Chair Carbone made the motion, seconded by Member Rizzo to elaborate on projects. Mayor Cole required staff support from Joel. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. Consideration and Possible Action - Resolution No. RDAP 2025-02 - A Resolution of the Development Authority of Pearland (DAP), Texas, accepting the Financial Reports for the period ending September 30, 2025. Chair Carbone made the motion, seconded by Member Rizzo, to elaborate on financial reports. Mayor Cole required staff support from Tenecha and Melissa. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. Consideration and Possible Action - Resolution No. RDAP 2025-03 - A Resolution of the Development Authority of Pearland (DAP), accepting the quarterly Investment Reports for the periods ending September 2024, December 2024, March 2025, and June 2025 Chair Carbone made the motion, seconded by Member Rizzo, to elaborate on investment reports. Mayor Cole required staff support from Tenecha and Melissa. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. Consideration and Possible Action - Resolution No. RDAP 2025-04 - A Resolution of the Development Authority of Pearland (DAP), Texas, ratifying checks 1221 through 1224 totaling $4,500.00 Chair Carbone made the motion, seconded by Member Rizzo to elaborate on checks. Mayor Cole required staff support from Joel. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. Consideration and Possible Action - Resolution No. RDAP 2025-05 - A Resolution of the Development Authority of Pearland (DAP), Texas, authorizing reimbursements in the total amount of $14,531,559 to City of Pearland; specifically, in the amounts of $12,834,985 for LFA # 20-09-001 - Shadow Creek Ranch Park Phase II, $910,714 for LFA # 19-10-003 - Shadow Creek Ranch Nature Trail, and $785,860 for LFA # 21-02-001 - Shadow Creek Ranch Sidewalk Extensions to reimburse developers for TIRZ infrastructure improvements. Chair Carbone made the motion, seconded by Member Rizzo, to elaborate on reimbursements. Mayor Cole required staff support from Joel. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried. ADJOURNMENT Chair Carbone made the motion, seconded by Member Cole, to adjourn. Ayes: Carbone, Pool, Rizzo, Turner, and Cole. Nays: None. The motion carried.