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2000-06-19 PEARLAND ECONCOMIC 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, JUNE 19,2000,4:00 P.M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 4:00 p.m. with the following present: BOARD MEMBERS Chairman Dennis Frauenberger Secretary Randy Ferguson Board Member Calvin Collier Board Member Susan Lenamon Board Member Charles Philipp Board Member Bill Chase Not in attendance: Due to a conflict in schedule, Vice Chairman Connie Beaumont was unable to attend. EX -OFFICIO BOARD MEMBERS Mayor Tom Reid Chamber of Commerce Jon Volkmer Chamber of Commerce Billye Everett Not in attendance: Due to a conflict in schedule, Ex -Officio board member Glen Erwin was unable to attend. STAFF MEMBERS Executive Director Mike Chance Economic Development Analyst Will Benson Administrative Assistant Janice Vega Also in attendance: Council members Helen Beckman, Woody Owens, and Larry Marcott. Minutes of Regular Meeting of June 19, 2000 Page 2 II. Swearing in of Re -appointed board members: Mayor Tom Reid swore in Chairman Dennis Frauenberger and Board member Susan Lenamon. III. Approval of Minutes: Board member Charlie Philipp made the motion, seconded by Board member Susan Lenamon to approve the minutes of the regular meeting on April 3, 2000. Motion Passed: 6 - 0 IV. Monthly Financial Statement Review: Executive Director Mike Chance gave an oral report and a written one was submitted to file. V. Board Member Reports: Board member Bill Chase commented on his attendance at the ICSC Convention in Las Vegas. VI. Executive Director's Report: Board members Bill Chase, Randy Ferguson, and Calvin Collier; City Finance Director Jim Causey, and staff members Mike Chance and Will Benson attended a Texas Leadership Institute seminar on sales tax organizations that was held in Bastrop on April 6th. The seminar was on 4-A and 4-B organizations. Will Benson attended the AEDC Economic Development Institute in Indianapolis the week of April 9th -14th. This is the premier economic development training school. Several board members and I attended the annual luncheon meeting of the ACC Center for Workplace Development on April 12th I attended my first board meeting as a member of the University of Houston Small Business Development Center Board of Directors on April 18th The PEDC exhibited our booth and met with hundreds of developers and brokers at the annual Houston Broker's Day trade show on April 18th. This was areal good meeting for us and we made a lot of contacts. In April a public hearing was held and I made a presentation to City Council concerning the tax abatements for Rollac, ChemCentral, and F.W. Gartner. The PEDC held its annual Broker Day at Southwyck. It was a very good day and we appreciate everyone's help. Our presentation and tour was well received by everyone, and we spent the rest of the day answering questions about Pearland! We are still getting follow up calls from brokers. Minutes of Regular Meeting of June 19, 2000 Page 3 On April 28th, I attended a Texas Department of Economic Development seminar in Austin. Sponsored a Bankers' roundtable on May 0, and discussed a project with them. City Manager Glen Erwin, board members and staff attended the SEED annual meeting on May 4th The Chamber of Commerce voted to accept our revisions to the contract between the Chamber and EDC. We will get the revisions to the City contract to be inserted into the contract and then it will have to go to City Council. May 17th attended a ribbon cutting ceremony for Solvents and Chemicals/Packaging Service Co. May 22"d - 25th attended and participated in ICSC convention in Las Vegas. Mayor, City Manager, board member Bill Chase, and Will Benson also attended. Met with, and made, several contacts with developers, brokers, and retail representatives. Developed 6 to 8 potential projects from there. Board member Calvin Collier has been added to the City Debt committee. June 4th - 6th attended AEDC annual meeting in Dallas. Next week we will be working the National Plastic show in Chicago with HL&P/Reliant Energy. This is an international show that will have thousands of people and companies in attendance. PROSPECT ACTIVITY Prospect #0010 was referred to us by the Greater Houston Partnership and to them by the State. They visited several sites in the Houston area. The company is a distribution center that would build a 400,000 sq. ft. warehouse that could be expanded up -to 1 million sq. ft. They would need 50 acres of land. They would start with 100 jobs and expand to 250 jobs. We submitted two sites to them; they chose to visit us. We made a presentation to their site selector on April 4th. We heard back from them in May, they had made a visit to our sites with the prospect. They chose one of our two sites and wanted additional information. They were interested in foreign trade status. We have not heard anything new. Prospect #0011 was referred to us by the Greater Houston Partnership via the State. A national real estate search firm represents this company. The State of Texas is also working for them. The prospect is looking for a site for a global Minutes of Regular Meeting of June 19, 2000 Page 4 location of an administrative and customer service center. They will have 2,500 employees with a $104 million payroll. They want 30 to 40 acres of land and want to build a 562,500 sq. ft. campus setting office complex. We proposed two sites to them - the David Smith property, and a site on Beltway 8. They are talking about a capital investment of $120 million. We prepared quite an extensive package for them, but have not heard back from them. Prospect #0014 -this is a prospect that we first had in February. We just learned that we made the next cut and submitted additional information to them in the last couple of weeks. This is a manufacturing facility that would have between $25- $30 million in capital investment and would hire 100-125 people. We proposed a 13 -acre site on Mykawa Road. Prospect Sun - this is a company we have worked on and off with for the last year. He has come back to us again. It would be a 60,000 sq. ft. manufacturing facility. ICSC Prospects - Three restaurants, one super center, one multi -faceted shopping complex, one discount store, one shopping center, and possible others. Finalizing deals on F. W. Gartner, Rollac, and ChemCentral. Monitoring Turbocare, and finishing up on Packaging Service. VII. Old Business: Executive Director Mike Chance gave a status report on PEDC's involvement on impact fees. VIII. New Business A. Consideration and Possible Action: Board member Bill Chase made the Motion, seconded by board member Charlie Philipp to approve a resolution supporting the extension of Port Freeport's Foreign Trade Zone. Nancy Stephens with Port Freeport was present at the meeting. Motion Passed: 5 - 0 Abstained: 1 (Secretary Randy Ferguson abstained due to a conflict with his family owning property within the proposed extension.) B. Consideration and Possible Action: Chairman Dennis Frauenberger appointed board member Susan Lenamon to chair a committee regarding the PEDC/Chamber of Commerce building. Other members on the committee will be Chairman Dennis Frauenberger, Secretary Randy Ferguson, City Manager Glen Erwin, Mayor Tom Reid, and Executive Director Mike Chance. The first meeting will be held on Monday, June 26th, at 5:00 p.m. in the 2" a floor conference room. Minutes of Regular Meeting of June 19, 2000 Page 5 C. Consideration and Possible Action: Discussion of eligible projects in accordance with the 4-B Corporation Act. Board would like to continue looking at each prospect on an individual basis, as long as they meet the requirements. Executive Director Mike Chance will draft a policy for minimal prospects for the board to review at the next meeting. D. Consideration and Possible Action: Board member Susan Lenamon made the motion, seconded by Chairman Dennis Frauenberger to support Tele -Flow's zone change request. Chairman Dennis Frauenberger and Executive Director Mike Chance will attend Public Hearing. E. Consideration and Possible Action: First review of the 2000/2000 PEDC Budget. Board will review and possibly vote to approve at July 17th meeting. IX. Other Business - None X. Adjournment: Board member Susan Lenamon made the motion, seconded by board member Bill Chase to adjourn the meeting. Motion Passed: 6 - 0 TIME: 5:35 p.m. Minutes approved as submitted and/or of SIAL -q , A.D., 2001 ( *4@ s Erf dhberger, President ATTEST: CA Janic Vega, Administrative Assistant day