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2001-02-05 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, FEBRUARY 5,2001,4:00 P.M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 4:02 p.m. with the following present: BOARD MEMBERS Chairman Dennis Frauenberger Secretary Susan Lenamon Board Member Bill Chase Board Member. Charlie Philipp Not in attendance: Due to a conflict in schedule, Vice Chairman Randy Ferguson and Board member Connie Beaumont were unable to attend. EX -OFFICIO BOARD MEMBERS Mayor Tom Reid Interim City Manager Alan Mueller Chamber of Commerce Jon Volkmer Chamber of Commerce Billye Everett STAFF MEMBERS Executive Director Mike Chance Assistant Executive Director Darlene Moody Economic Development Analyst Khue Nguyen Administrative Assistant Janice Vega Also in attendance: Council members Larry Marcott, Woody Owens, and Helen Beckman. Minutes of Regular Meeting of February 5, 2001 Page 2 II. Approval of Minutes: Secretary Susan Lenamon made the motion, seconded by Board member Charlie Philipp to approve the minutes of the Regular meeting and Public Hearing of December 4, 2000. Motion Passed: 4 - 0 VI. New Business - With the Chairman's concurrence, the board discussed items by priority due to a time conflict. C. Approval of Incentives: Robbie Pateder with the Hampton Inn was present. After a brief discussion, Board member Bill Chase made the motion, seconded by Board member Charlie Philipp to approve the Economic Development Incentive Grant to the Prospect #0029, Hampton Inn, in the amount of $32,700.00 for building costs. Motion Passed: 3 - 1 Opposed: Susan Lenamon G. Gartner Coatings, Inc. Request for Payment: Board member Charlie Philipp made the motion, seconded by Board member Bill Chase to grant a payment of 75% of the $20,000.00 incentive grant awarded to Gartner Coatings (F. W. Gartner). They have completed their manufacturing building with the exception of final landscaping and striping the parking lot, but are now adding an office building. They will receive the remainder of their grant upon receipt of their permanent Certificate of Occupancy. Motion Passed: 3 -1 Opposed: Susan Lenamon E. Public Infrastructure Projects: Secretary Susan Lenamon suggested that a workshop be scheduled to further discuss the project list with the PEDC board and City staff. The workshop will be scheduled for Monday, February 12, 2001 at 4:00 p.m. A. Pearland Economic Development Corporation Meeting Time: Chairman Dennis Frauenberger made the motion, seconded by Board member Bill Chase to keep the same meeting time of 4:00 p.m. for the PEDC board meetings. Motion Passed: 4 - 0 B. Public Comments: Board member Bill Chase made the motion, seconded by Board member Charlie Philipp to add public comments as a regular item on the board meeting agenda. Motion Passed: 4 - 0 D. Target Market Study: Secretary Susan Lenamon suggested that this be a second item on the agenda for the workshop to further discuss the proposals received by the PEDC. The workshop is planned for Monday, February 12, 2001 at 4:00 p.m. Minutes of Regular Meeting of February 5, 2001 Page 3 F. McHard Road Overpass Landscape Project: The bond money has been completely spent. Interim City Manager Alan Mueller stated that the money currently in the bond fund is money received from the Railroad and should be in a different account, but does remain PEDC funds. Secretary Susan Lenamon made the motion, seconded by Board member Bill Chase to spend these funds on landscaping the Overpass and any other areas of the City. Motion Passed: 4 - 0 III. Board Member Reports - No reports given due to lack of time. IV. Executive Director's Report - No report given due to lack of time. V. Old Business VII. Other Business VIII. Adjournment: Board member Charlie Philipp made the motion, seconded by Board member Bill Chase to adjourn the meeting. Motion Passed: 4 - 0 TIME: 5:00 p.m. Minutes approved as submitted..And/or (ITA day of . _. -A.D., 2001. ATTEST: Janice ega, Assistant , Ch