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1999-05-17 PEARLAND ECONCOMIC DEVELOPMENT CORPORATION REGULAR MEETING MINUTES - CORRECTEDCORRECTED MINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS, HELD MONDAY, MAY 17,1999,4:00 P.M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 4:10 p.m. with the following present: BOARD MEMBERS Chairman Dennis Frauenberger Secretary Susan Lenamon Board Member Calvin Collier Board Member Connie Beaumont Board Member Bill Chase Board Member Charlie Philipp Board Member Randy Ferguson EX -OFFICIO BOARD MEMBERS Chamber of Commerce Billye Everett Mayor Tom Reid Not in attendance: Due to a conflict in schedule, Ex -Officio member David Vaughan was unable to attend. STAFF MEMBERS Executive Director Economic Development Analyst Administrative Asst. Glen Erwin Will Benson Perla N. Lehman Also in attendance: City Attorney Darrin Coker, Director of Finance David Castillo and Assistant Director of Finance Cindy Castillo. Minutes of Regular Meeting of May 17,1999 Page 2 II. Approval of Minutes: Board member Calvin Collier made the motion, seconded by Secretary Susan Lenamon to approve the minutes of the Regular meeting of March 1, 1999 as submitted. Motion Passed: 7 to 0 III. Board member reports - There were no board member reports at this time. IV. Executive Director & Staff Reports: Executive Director Glen Erwin informed the board that the election of PEDC board officers was scheduled to take place at the next board meeting scheduled for June 7, 1999 at 9:00 a.m. Mr. Erwin informed the board that the "slow down" period that the PEDC and businesses in the surrounding area was beginning to improve and he would keep them informed. In consideration for the large attendance, Chairman Dennis Frauenberger suggested "Item E" become the first item on the agenda. Board member Randy Ferguson made the motion, seconded by board member Charlie Philipp to move Item E under New Business to be the first item on the PEDC Regular meeting of May 17`h agenda. Motion Passed: 7 to 0 (VI) NEW BUSINESS E. Funding request approval - After discussion, board member Connie Beaumont made the motion, seconded by Secretary Susan Lenamon to approve a funding request for representation in the "All American City" Award Competition in the amount of $20,000.00. Motion passed: 4 to 3 V. OTHER BUSINESS At this time Chairman Dennis Frauenberger adjourned this Regular meeting of the PEDC Board of Directors to enter an Executive Session. TIME: 5:10 p.m. The board reconvened into Regular session at 6:15 p.m. Minutes of Regular Meeting of May 17,1999 Page 3 VI. NEW BUSINESS A. Excused Absence - Secretary Susan Lenamon made the motion, seconded by board member Calvin Collier to excuse the absence of board member Charlie Philipp from the Regular meeting of Monday, March 1, 1999. Motion Passed: 6 to 0 Abstained: 1 (Mr. Philipp) B. Industrial Park Study authorization - After discussion, secretary Susan Lenamon made the motion, seconded by board member Charlie Philipp to authorize the Executive Director to proceed with Phase III of the Industrial Park Study. Motion Passed: 7 to 0 Board member Randy Ferguson requested "Item D" be considered as the next agenda item. Due to a conflict of interest with Item C, Mr. Ferguson asked to be excused from the meeting after any possible action was taken regarding "Item D". Permission was granted. D. Funding request approval - Board member Charlie Philipp made the motion, seconded by secretary Susan Lenamon to approve a funding request for use on the Space Port project by the Brazoria County Partnership in the amount of $3,500.00. Motion Passed: 7 to 0 C. Incentive Package approval - Board member Charlie Philipp made the motion, seconded by board member Bill Chase to approve and incentive package in the amount of $11,165.00 for impact fees to Industrial Prospect #9908. Motion Passed: 6 to 0 VII. ADJOURNMENT Secretary Susan Lenamon made the motion to adjourn the meeting. Board member Bill Chase seconded this motion. Motion Passed: 6 to 0 Time: 6:48 p.m. Minutes of Regular Meeting of May 17, 1999 Page 4 Minutes approved as submitted and/or corrected this day of , A.D., 1999. Dennis Frauenberger, President ATTEST: Perla N. Lehman, Administrative Assistant