HomeMy WebLinkAbout20260209 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, FEBRUARY 19, 2026, 5:00 P.M.
I. CALL TO ORDER
The meeting was called to order at 5:01 p.m.
BOARD MEMBERS
Chair
Vice Chair
Board Member
Board Member
Board Member
EX -OFFICIO MEMBERS
PEDC
City of Pearland
Pearland Chamber
Dena Hanks
JWWashington
Michi Clay
Jerry Koza
Ken Rice
Matt Buchanan
Trent Epperson
Jim Johnson
PEARLAND ECONOMIC DEVELOPMENT STAFF MEMBERS
Melissa Cook
Roxanne Luna -Larsen
Valerie Marvin
Matt Peno
Adrian Perez
Mou Sarkar
CITY OF PEARLAND
Lawrence Provins
Tracy Rohrbacher
Tenecha Williams
Vance Wyly
II. APPROVAL OF MINUTES
Board Member Clay made a motion, seconded by Board Member Koza, to approve the minutes of the
January 15, 2026, Regular Meeting.
Motion Passed: 5 —0
Minutes of a Regular Meeting
February 19, 2026
Page 2
III. PUBLIC COMMENTS
None.
IV. FINANCIAL REPORT
Monthly Financial Reports — December 2025 Report
Vice Chair Washington made a motion, seconded by Board Member Rice, to approve the financial
report for December 2025
Motion Passed: 5 — 0
V. NEW BUSINESS
A. Excuse the absence of Board Member Bakthavatsalam from the January 15, 2026, meeting
Board Member Clay made a motion, seconded by Vice Chair Washington, to excuse the
absence of Board Member Bakthavatsalam from the January 15, 2026, meeting.
Motion Passed: 5 - 0
B. Public Hearing - Old Town Broadway Street Realignment Project
The Public Hearing was opened at 5:05 p.m. There were no public comments, and the hearing
closed at 5:05 p.m.
C. Professional Services Agreement for Broadway Street Realignment with Kimley Horn
Associates for Engineering Services.
Board Member Rice made a motion, seconded by Board Member Koza to approve the
President to enter into a Professional Services Agreement with Kimley Horn for the Broadway
Street Realignment Study in an amount of $177,370.
Motion Passed: 5 - 0
D. Reimbursement Agreement for Kingsley Clear Creek Bridge Reconstruction with the City of
Pearland
Vice Chair Washington made a motion, seconded by Board Member Clay to approve the Chair
to execute a Reimbursement Agreement with the City of Pearland to fund the reconstruction of
Kingsley Drive Bridge at Clear Creek in an amount not to exceed $4,000,000.
Motion Passed: 5 - 0
E. Memorandum of Understanding with Lower Kirby Pearland Management District for
Administrative Services
Board Member Rice made a motion, seconded by Board Member Clay, to approve staff to
negotiate and the Chair to enter into a Memorandum of Understanding with the Lower Kirby
Pearland Management District for Administrative Services.
Motion Passed: 5 — 0
Minutes of a Regular Meeting
February 19, 2026
Page 3
F. Report - Pearland Innovation Hub (PIH) First Quarter FY26 Update
Tania Monroy, Navigator of the Pearland Innovation Hub, presented the report.
No action taken.
Meeting went into recess and then Executive Session at 5:31 p.m., altering the order of agenda items.
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 #2202
3. SECTION 551.087- DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS — Project #2404
4. SECTION 551.087 -DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT
NEGOTIATIONS — Project #2300
5. SECTION 551.072 - DELIBERATIONS REGARDING THE LEASE, PURCHASE OR SALE OF REAL
PROPERTY— Project #2601
The Board closed Executive Session and reconvened the Open Session at 6:43 p.m.
VII. NEW BUSINESS CONTINUED
H. Deliberations regarding Economic Development Negotiations — Project #2202
Board Member Rice made a motion, seconded by Board Member Koza, to approve the first
amendment to the loan agreement for project #2202 as discussed in executive session.
Motion Passed: 5 — 0
I. Deliberations Regarding Economic Development Negotiations — Project #2404
Vice Chair Washington made a motion, seconded by Board Member Clay, first amendment to
the loan agreement for project #2404 as discussed in executive session.
Motion Passed: 5 — 0
J. Deliberations Regarding Economic Development Negotiations — Project #2300
Board Member Koza made a motion, seconded by Board Member Rice, to recommend to the
City Council the amendment to the Development Agreement as discussed in Executive
Session for project #2300.
Motion Passed: 5 — 0
K. Deliberations Regarding the Lease, Purchase or Sale of Real Property — Project #2601
Minutes of a Regular Meeting
February 19, 2026
Page 4
Board Member Clay made a motion, seconded by Board Member Rice, to approve for the
President to negotiate land acquisition for Project #2601 as discussed in executive session.
Motion Passed: 5 — 0
V. NEW BUSINESS
G. Activity Report
Matt Buchanan presented the Activity Report.
Mou Sarkar, Workforce Director, presented the bi-annual Workforce Strategy Plan update.
No action taken.
VIII. ADJOURNMENT:
With no other business before the Board, the meeting adjourned at 6:55 p.m.
Minutes approved as submitted and/or corrected this 23rd day of April A.D., 2026.
Chair
ATTEST:
Secretary