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1999-08-02 PEARLAND ECONCOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTES"CORRECTED" MINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS, HELD MONDAY, AUGUST 2,1999,4:00 P.M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 4 p.m. with the following present: BOARD MEMBERS Chairman Dennis Frauenberger Vice Chairman Connie Beaumont Board Member Calvin Collier Board Member Bill Chase Board Member Charlie Philipp Board Member Susan Lenamon Not in attendance: Due to a conflict in schedule, Secretary Randy Ferguson was unable to attend. EX -OFFICIO BOARD MEMBERS Chamber of Commerce Billye Everett Mayor Tom Reid Not in attendance: Due to a conflict in schedule, Mr. David Vaughan was unable to attend. STAFF MEMBERS Executive Director Glen Erwin Economic Development Analyst Will Benson Administrative Assistant Perla Lehman Minutes of Regular Meeting of August 2, 1999 Page 2 II. Approval of Minutes: Board member Charlie Philipp made the motion, seconded by board member Calvin Collier to approve the minutes of the Regular meeting of July 19, 1999. Motion Passed: 6 to 0 IlL Board Member Reports - There were no reports at this time. IV. Executive Director & Staff Reports: Economic Development Analyst Will Benson gave a status report regarding a 28 acre business park. Mr. Benson invited the board to the Mykawa Commerce Park's groundbreaking scheduled for Friday, August 13, 1999 at 10:00 a.m. Mr. Ran Bavarian of Walsh Engineering gave an update report and answered the board's questions regarding the Mykawa Road project. ~ V. NEW BUSINESS Excused Absence - Vice Chairman Connie Beaumont made the motion, seconded by board member Charlie Philipp to excuse board member Susan Lenamon from the Regular meeting of Monday, July 19, 1999. Motion Passed: 6 to 0 Approval of Incentives - Board member Susan Lenamon made the motion, seconded by board member Bill Chase to approve an incentive package for Industrial Prospect #9910 in the amount of $$0,000.00. Fitty thousand dollars is .for assistance with Railroad Switch and associated infrastructure improvements and thirty-thousand dollars is to assist with moving fixed equipment. Motion Passed: 6 to 0 Minutes of Regular Meeting of August 2, 1999 Page 3 VI. OTHER BUSINESS - Executive Session At this time Chairman Dennis Frauenberger adjourned the meeting to go into Executive Session Under Texas Government Code, section//551.074-Personnel. Time: 4:30 Board reeonvened to open session at 5:55 p.m. ADJOURNMENT With no action taken after Executive Session, board member Charlie Philipp made the motion, seconded by board member Calvin Collier to adjourn the meeting. Motion Passed: 6 to 0 Time: 5:56 p.m. Minutes approved as submitted and/or corrected this of ., A.D., 1999. day ATTEST: Dennis Frauenberger, President Perla N. Lehman, Administrative Assistant