2001-10-01 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 MONDAY, OCTOBER 1, 2001,5:45 P.M. IN THE
COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS.
I. The meeting was called to order at 5:45 p.m. with the following present:
BOARD MEMBERS
Chairman Dennis Frauenberger
Vice Chairman Randy Ferguson
Board member Connie Beaumont
Board member Bill Chase
Board member Charlie Philipp
Board member Lucy Stevener
Not in attendance: Due to a conflict in schedule, Secretary Susan Lenamon was unable to
attend.
EX -OFFICIO BOARD MEMBERS
City of Pearland Mayor Tom Reid
Not in attendance: Due to a conflict in schedule, Ex -Officio members Bill Eisen, Billye
Everett, and Jon Volkmer were unable to attend.
STAFF MEMBERS
Executive Director Mike Chance
Administrative Assistant Janice Vega
Minutes of Regular Meeting of
October 1, 2001
Page 2
II. Executive Director's Report
518 Sewer Project Update
Working on projects for a medical facility, a distribution center, and a
manufacturing facility on Halik Road.
SEDC - merit award for PEDC booth
III. New Business
A. Request for Funding: Vice Chairman Randy Ferguson made the motion,
seconded by Board member Connie Beaumont to approve the request for a
bond issue to fund Oiler Drive and Bailey Road extensions, budgeting up to
$2.4 million in cash from current and anticipated revenues over the next three
years, incurring $10 million in debt and making the project contingent upon
the Board's continued assurance that the City has sufficient resources to
continue the project from FM 1128 to 288, additionally contingent upon the
passing of the City bond, as amended
Motion Passed: 6 - 0
B. McHard Road Overpass Signage: Executive Director Mike Chance
provided three drawings for signage from First Impression Sign and Design.
The board requested to see pricing on using aluminum on aluminum on a
brick or stone base.
IV. Other Business - None
V. Adjournment: Board member Bill Chase made the motion, seconded by Vice Chairman
Randy Ferguson to adjourn the meeting.
Motion Passed: 6 - 0
TIME: 6:03 p.m.
Minutes approved as submitted and/or corrected thi o _ day of
"A (11J4,y, A.D., 2001.
Dennis Frauenber, er, Chairman
ATTEST: V
Janice Voga, Administrati kssistant