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1998-10-19 CITY COUNCIL SPECIAL MEETING MINUTES165 r- MINUTES OF A SPECIAL MEETING OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, HELD ON OCTOBER 19,1998 AT 6:45 P.M., IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. The meeting was called to order with the following present: Mayor Tom Reid Mayor Pro -Tem Larry Wilkins Councilmember Helen Beckman Councilmember William Berger Councilmember Klaus Seeger Interim City Manager Glen Erwin City Attorney Darrin Coker City Secretary Young Lorfing Absent: Councilmember Tetens. Others in attendance: Project Coordinator Alan Mueller; City Engineer John Hargrove; Planning and Development Director Dennis Smith; Utility Accounts Supervisor Missy Miller; Fire Marshal Larry Steed; Communication Specialist John Knight; Chief Building Official Gene Tumlinson; Purchasing Officer Gordon Island. CALL TO ORDER NEW BUSINESS: COUNCIL ACTION - APPROVAL OF THE PEDC INCENTIVE PACKAGE FOR INDUSTRIAL PROSPECT 9801. Councilmember Beckman made the motion, seconded by Councilmember Seeger, to approve the PEDC Incentive Package for Industrial Prospect 9801. PEDC Assistant Executive Director John Bowman gave a presentation regarding Industrial Project 9801. Mr. Bowman stated that the PEDC approved an incentive package for Prospect No. 9801 at their October 5, 1998, meeting. This is the first major office project coming to Pearland. The company does aviation business internationally and Pearland will be its World Headquarters. They arrange aircraft services and provide aviation weather forecasting. They will bring over 400 new jobs with annual wage of $43,900 and a combined payroll of over $17.5 million dollars. The building will cost $6 million dollars and they will have a total equipment value of over $17 million dollars. Their Page 1 of 3 - 10/19 16 taxable purchases annually are over $3 million dollars, and the Pearland Independent School District will gain approximately $411,000 annually. The company will be located in the David L. Smith site adjacent to City's east detention lake. The Council will be asked to approve a seven year phase in tax abatement. The abatement agreed upon by the PEDC 100% for years 1 & 2; 75% for years 3 & 4; 50% for year 5 and 25% for years 6 & 7. The city owns the property and the PEDC has been asked to purchase 10 acres from the city at its current value of $2,000 per acre and provide 6 acres to the prospect with an option on the additional 4 acres. The total amount for land is $20,000. The PEDC has also agreed to pay their permit and tap fees to the city, which is estimated at $16,500, and buy down the impact fees to be competitive with Houston for approximately $10,000. In addition the PEDC has agreed to extend a water line from Old Alvin Road to their project for a total cost $124,000, with half of the cost ($62,000) attributed to their project and half associated with opening up the David L. Smith Site for future development. Sewer is nearby and will cost approximately $9,500. Since this is a new development, the cost to develop the site is very high. The PEDC has agreed to pay $200,000 for the site development to raise the site three feet excluding the select fill areas. The amount equates to less than half of the total site development cost for the prospect. Since the land is being given to the prospect, they asked that a site selector fee of $50,000 in lieu of a brokerage fee be given to their broker. If they had located at Ellington Field he would have received between $75,000 and $100,000; this amount was to keep us competitive. They are estimating a cost of one-half of a million dollars to relocate millions of dollars worth of computer equipment to the new building. The PEDC agreed to provide them with a grant of $110,000 to assist them in the relocation of the equipment. The total PEDC incentive package for the prospect number 9801 is $478,000. The amount that will be requested for Council to approve will be $540,000 to cover the incentive package and the additional water line extension. The breakeven point between the cost of the project and the benefits to the city is projected to take place in the year 2005. Over the next ten years, the direct benefit from the project will be $1.1 million dollars for a total of $2.1 million dollar benefit to the City of Pearland. Mr. Bowman concluded his presentation by stating that the PEDC is in sound financial condition and has the funds in its industrial incentive account to cover this project. Voting "Aye" Councilmembers Seeger, Berger, Wilkins, and Beckman. Voting "No" None. Motion Passed 4 to 0, with Councilmember Tetens being absent. OTHER BUSINESS: Council adjourned into Executive session under Texas Government Code at 7:07 p.m. to discuss the following: Page 2 of 3 - 10/19 167 EXECUTIVE SESSION UNDER TEXAS GOVERNMENT CODE 1. SECTION 551.074 - PERSONNEL MATTERS: DISCUSSION - REGARDING THE DUTIES OF THE CITY ENGINEER AND PROJECT COORDINATOR. Council returned from Executive Session at 7:50 p.m. NEW BUSINESS (CONTINUED): COUNCIL ACTION - REGARDING THE DUTIES OF THE CITY ENGINEER AND PROJECT COORDINATOR. Councilmember Berger made the motion, seconded by Mayor Pro -Tem Wilkins, to direct the Staff to advertise for the position of a Junior Project Coordinator and an Assistant Coordinator to report directly to the Senior Project Coordinator. Voting "Aye" Councilmember Seeger, Berger, Wilkins, and Beckman. Voting "No" None. Motion Passed 4 to 0, with Councilmember Tetens being absent. OTHER BUSINESS: ADJOURNMENT Meeting was adjourned at 7:52 p.m. Minutes approved as submitted and/or corrected this.the to day of November, A.D., 1998. Tom Reid -- Mayor Page 3 of 3 - 10/19