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HomeMy WebLinkAbout20260423 Pearland Economic Development Corporation Regular Meeting MinutesMINUTES OFA REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS HELD THURSDAY, APRIL 23, 2026, 5:00 P.M. CALL TO ORDER The meeting was called to order at 5:00 p.m. BOARD MEMBERS Chair Vice Chair Secretary Board Member Board Member Board Member Board Member EX -OFFICIO MEMBERS PEDC City of Pearland City of Pearland Pearland Chamber Dena Hanks JW Washington Craig Slater Deen Bakthavatsalam Michi Clay Jerry Koza Ken Rice Matt Buchanan Trent Epperson Kevin Cole 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 Victor Brownlees Lawrence Provins Tracy Rohrbacher Tenecha Williams Minutes of a Regular Meeting April 23, 2026 Page 2 Vance Wyly II. APPROVAL OF MINUTES Vice Chair Washington made a motion, seconded by Board Member Rice, to approve the minutes of February 19, 2026, and Joint Special Meeting of March 16, 2026. Motion Passed: 7 — 0 III. PUBLIC COMMENTS None. IV. FINANCIAL REPORT Monthly Financial Reports —January and February 2026 Monthly Financial Reports Board Member Rice made a motion, seconded by Board Member Bakthavatsalam, to approve the financial reports for January and February 2026 Motion Passed: 7 — 0 V. NEW BUSINESS A. Excuse the absence of Board Member Bakthavatsalam from February 19, 2026, regular meeting and excuse the absence of Board Members Bakthavatsalam, Clay and Koza from the Joint Special Meeting of March 16, 2026 Vice Chair Washington made a motion, seconded by Secretary Slater, to approve the absence of Board Member Bakthavatsalam from February 19, 2026, regular meeting and the absence of Board Members Bakthavatsalam, Clay and Koza from the Joint Special Meeting on March 16, 2026 Motion Passed: 7 - 0 B. Review of Proposed FY26 Budget Amendments, FY27 Program of Work and FY27 Budget Major Expenditures. President, Matt Buchanan presented the preview of the Proposed FY26 Budget Amendments, draft FY27 Program of Work and FY27 Budget Major Expenditures that will be presented to the Board on May 21, 2026. No action. C. Visit Pearland Semi Annual Update Tracy Rohrbacher, Executive Director, of Visit Pearland presented the Visit Pearland Semi Annual Update No action. D. Pearland Chamber of Commerce FY26 2nd Quarter BizConnect Report Jim Johnson, President and CEO of the Pearland Chamber, presented this item. No action. Minutes of a Regular Meeting April 23, 2026 Page 3 E. Activity Report Matt Buchanan presented the Activity Report which included department activities, 2025 Annual Compliance report and the City of Pearland Assessed Value of Taxable property No action. After a recess the meeting went into Executive Session at 6:07 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 #2603 The Board closed Executive Session and reconvened at 7:42. VII. NEW BUSINESS CONTINUED F. Deliberations regarding Economic Development Negotiations — Project #2603 No action. The Board closed Executive Session and reconvened the Open Session at 7:42. VIII. ADJOURNMENT: With no other business before the Board, the meeting adjourned at 7:42 p.m. Minutes approved as submitted and/or corrected this 19th day of February A.D., 2026. ATTEST: Secretary h' arclva