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1998-10-05 PEARLAND ECONOMIC DEVELOPMENT CORPORATION BOARD REGULAR MEETING MINUTESMINUTES OF REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS, HELD MONDAY, OCTOBER 5,1998,4:00 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 Vice President Stella Roberts Board Member Bill Berger Board Member Calvin Collier Board Member Charlie Philipp Board Member Connie Beaumont Not in attendance — Due to a conflict in schedule, Secretary Susan Lenamon was unable to attend. EX -OFFICIO BOARD MEMBERS Mayor Chamber of Commerce TriTech Tom Reid Lucy Stevener Billye Everett John Knox Not in attendance: Due to a conflict in schedule, Ex -Officio member Paul Grohman was unable to attend. STAFF MEMBERS Executive Director Glen Erwin Asst. Executive Director John R. Bowman Administrative Asst. Perla N. Lehman Also in attendance: City Attorney Darrin Coker and Council Member Helen Beckman, Director of Finance David Castillo, and Asst. Director of Finance Cindy Soto. Minutes of Regular Meeting of October 5,1998 (Cont.) Page 2 H. Approval of Minutes: Board member Charlie Philipp made the motion, seconded by Vice President Stella Roberts to approve the minutes of July 20, 1998 as submitted. Board member Bill Berger abstained because he was not present at this meeting. Motion passed: 5 to 0 Abstained: 1 III. Board Member Reports: Vice President Stella Roberts gave a progress report on The Pearland North 35 committee. Ms. Roberts reported that the committee had met several times in the past weeks and that this committee now had their own letterhead thanks to Mr. James Birdsong of Birdsong Printing. She reported that according to Mr. Birdsong, the foundation for the Welcome To Pearland sign was complete and the landscaping, compliments of Keep Pearland Beautiful, will be the starting point of the beautification committee project of North 35. IV. Executive Director & Staff Reports: Executive Director Glen Erwin informed the board that the PEDC had purchased a table at the annual Pearland/Hobby Area Chamber of Commerce Hobby Fest scheduled for October 10, 1998. All board members were invited and asked to RSVP to Perla. Mr. Erwin and Mr. Ran Bavarian also gave an update report on the Overpass project stating that things were progressing on schedule. V. OTHER BUSINESS 1. Executive Session under Texas Government Code Section 551.072 — REAL PROPERTY — At 4:08 p.m. Chairman Dennis Frauenberger adjourned the meeting into Executive Session so that the board could go into deliberation regarding the purchase of real property for Industrial Prospect #9801. VI. NEW BUSINESS The board reconvened into open session at 4:48 p.m. A. Direction to staff — Board member Calvin Collier made the motion to authorize the Executive Director to enter into negotiations with the City of Pearland for the purchase of Real Property for Industrial Prospect #9801. Bill Berger seconded this motion. Motion Passed: 6 to 0 B. Incentive Packaze — Vice President Stella Roberts made the motion to Approve an incentive package for Industrial Prospect #9801 in the amount of $478,000.00. Board member Charlie Philipp seconded the motion. After discussion, this motion was amended to include $62,000.00 for infrastructure. This amount brought the total commitment from PEDC to $540,000.00. This motion to amend was made by Vice President Stella Roberts and was seconded by board member Charlie Philipp. Motion Passed: 6 to 0 VI. Adjournment — Board member Charlie Philipp made the motion to adjourn, seconded by Vice President Stella Roberts. Motion Passed: 6 to 0 Time: 4:56 p.m. If