2001-08-28 PEARLAND ECONOMIC DEVELOPMENT CORPORATION SPECIAL MEETING MINUTESMINUTES OF A SPECIAL MEETING OF THE PEARLAND ECONOMIC
DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY
OF PEARLAND, TEXAS, HELD TUESDAY, AUGUST 28,2001,4:00 P.M. IN THE
COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS.
I. The meeting was called to order at 4:03 p.m. with the following present:
BOARDMEMBERS
Chairman Dennis Frauenberger
Vice Chairman Randy Ferguson
Secretary Susan Lenamon
Board member Connie Beaumont
Board member Bill Chase
Board member Charlie Philipp
Board member Lucy Stevener
EX -OFFICIO BOARD MEMBERS
City of Pearland Mayor Tom Reid
City of Pearland Bill Eisen
Chamber of Commerce Billye Everett
Not in attendance: Due to a conflict in schedule, Ex -Officio member Jon Volkmer was unable
to attend.
STAFF MEMBERS
Executive Director Mike Chance
Assistant Executive
Director Darlene Moody
Administrative Assistant Janice Vega
Minutes of Special Meeting of
August 28, 2001
Page 2
II. Approval of Minutes: Board member Bill Chase made the motion, seconded by Board
member Connie Beaumont to approve the minutes of the regular meeting of August 20,
2001.
Motion Passed: 7 - 0
III. Public Comments - None
IV. Old Business - None
V. 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, contingent upon the passing of the City bond, as amended.
Board member Charlie Philipp amended the motion, seconded by Secretary Susan
Lenamon, to fund the project contingent upon the passing of the City bond.
Motion passed as amended: 4 - 3
Chairman Dennis Frauenberger called for a vote on the original motion, as
amended.
Motion passed: 7 - 0
B. Remove from table - Tele -Flow Expansion Project: No action taken. The
project will be on the agenda for the next regular board meeting.
C. Tele -Flow Expansion Project: No action taken.
VI. Other Business: None
VII. Adjournment: Secretary Susan Lenamon made the motion, seconded by Board member
Bill Chase to adjourn the meeting.
Motion Passed: 7 - 0 - ---..-
TIME: 4:35 p.m. o,
Minutes approved as submitted and/or corrected this o b day of
�I--G^��� , A.D., 2001. >
L� JAC8A Dednis Frauenbpfger, Chairman
ATTEST:
Janice Ilega, Administra ve Assistant