2003-11-24 PEARLAND ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING AGENDAAGENDA - REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT
CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND,
TEXAS TO BE HELD MONDAY, NOVEMBER 24, 2003 AT 4:00 P.M., IN THE
COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS.
CITY COUNCIL MEMBERS MAY ALSO BE ATTENDING.
1. CALL TO ORDER
II. APPROVAL OF MINUTES — Regular Meeting of October 27, 2003
III. BOARD MEMBER REPORTS
IV. MONTHLY FINANCIAL REPORT
V. EXECUTIVE DIRECTOR'S REPORT
VI. PUBLIC COMMENTS
VII. OLD BUSINESS
A. CONSIDERATION AND POSSIBLE ACTION: Industrial Drive Water Line
Extension.
VIII. NEW BUSINESS
A. UPDATE: Preliminary Engineering Report for Kirby Extension — Turner, Collie
& Braden.
B. CONSIDERATION AND POSSIBLE ACTION: Traffic Impact Analysis for The
Spectrum.
IX. ADJOURNMENT
This site is accessible to disabled individuals. For special assistance, such as the need for interpreters for
the deaf or Braille materials, please call Janice Vega at 281-652-1627 prior to the meeting so appropriate
arrangements can be made.
POSTED:_
REMOVED:
day of
day of
A.D., 2003 A.M./P.M.
A.D., 2003.
Memo
To: Randy Ferguson
From: Fred Welch
CC: PEDC Board, City Manager and City Council
Date: 11/19/2003
Re: Packet for Board meeting November 24, 2003
Randy:
The enclosed packet represents the agenda and information on items for consideration or approval at
the PEDC Board meeting next Monday November 24, 2003. A brief explanation follows on the agenda
items:
Item:
IV. Monthly financial report — I have been assured that we will have the September report (end of fiscal
year) by Friday. I will attempt to get this report to the board Friday afternoon. Finance has been working
hard to catch up with the recent departure of the Finance Director. We should have the October report
by the end of next week and from that point on be able to remain current with the city accounting
system on our income and expense. I can assure the Board that our revenue has remained steady and
our expenses for the most part on schedule for what was projected and approved by the PEDC Board
for our 2004 budget.
V. Executive Director Report — Attached with the agenda package for your review
VII. Consideration and possible action: Industrial Drive Water Line Extension. At our last meeting it was
reported from the projects department that engineering for the project would cost approximately
$26,000. When the project was approved in April the motion was for $80,000 for water line construction
plus engineering. The PEDC budget for 2004 has allocated up to $100,000 for this project. In recent
discussions with the projects department we have determined that we can use city of Pearland crews
to install the water line and bring this project in at a cost not to exceed $100,000. It is PEDC staff
recommendation to authorize the engineering for the project and proceed with a total budgeted cost for
engineering and installation of the water lines not to exceed $100,000. Since the April meeting Dr.
Smith with Smith Chem has recruited two additional businesses to locate on his property. This expands
his replacement building from 5,000 sq feet 25,000 sq. feet and adds about 15 new jobs we had not
counted on.
VIII. New Business
A. Update: Turner Collie and Brayden will present an update to the PEDC Board on the
Preliminary Engineering Report for the Kirby Road project at The Spectrum Business Park.
This is informational to the Board and will be reviewed with Council at our December
workshop
B. Consideration and Possible Action: Traffic Impact Analysis for The Spectrum — A significant
part of the Master Plan for The Spectrum revolves around the road network for the park. In
order to amend the city's transportation plan and get these roads (Kirby and Spectrum
Drive) transportation analysis is required. The transportation overlay needs to cover the
entire 1000 acres.
• The transportation overlay when approved by City Council will become a part of the
comprehensive land plan for the city of Pearland. The inclusion of the road network assures
future and current developers on this land that we have a vision for development of The
Spectrum and the ability through our transportation plan and zoning to assure that quality
investment will occur on the property.
• The cost for this work is included with this packet and should be considered a part of the
over all engineering and design costs associated with this development. LNR properties
has agreed to pay for 25% of the ,cost of the study. The land LNR has under contract
represents 20% of the total coverage.
• PEDC has funds in its Capital Project account for 2004 to fund this effort. PEDC staff
recommends approval for the TIA in the amount of $ 36,000 with 25% of the cost to be paid
for by LNR Properties.
These are the significant discussion items that the Board will consider on November 24. Should
you or any Board member require further clarification on any of these matters please feel free to
contact me at 281-652-1629.
Thanks
Fred Welch
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