1999-07-07 TAX INCREMENT REINVESTMENT ZONE NO. 2 BOARD MEETING MINUTESMINUTES OF THE BOARD OF DIRECTORS MEETING
Tax Increment Reinvestment Zone Number Two
CITY OF PEARLAND, TEXAS
July 7,1999
The organizational meeting of the Board of Directors (`Board") of the Tax Increment
Reinvestment Zone Number Two ("Zone"), City of Pearland, Texas, was held in the City
Council Chambers of Pearland City Hall, located at 3519 Liberty Drive, Pearland, Texas, on
Wednesday, July 7, 1999, at 2:00 p.m. The meeting was open to the public.
Board Members in Attendance:
Gary Cook, Vice Chair
Mike Pyburn, Secretary
Bobby Verdine
Jim DeShazer
John Knox
City of Pearland Representatives in Attendance:
Alan Mueller
Young Lorfmg
Hon. Tom Reid
Michael Ross
Glen Erwin
Gene Simian
Public in Attendance:
Ted Stanzel
Developer in Attendance:
Harry Masterson — Weems Development
Board Members not in Attendance:
David Castillo, Chairman
Consultants in Attendance:
Patti Joiner - Knudson & Associates
Charles Knight - Knudson & Associates
Tim Austin — Vinson & Elkins
Charles Williams — Mayor, Day, Caldwell & Keeton
Debbie Jones — Estrada Hinojosa & Company, Inc.
Frank Ildebrando — Rauscher Pierce Refnes, Inc.
John Perry — LJA Engineering
David Tinney — LJA Engineering
1. Receive and consider qualifications of Directors, receive Oaths and Sworn
Statements.
Mayor Tom Reid called the meeting to order at 2:20 p.m. Gary Cook, Mike Pybum, John Knox,
Jim DeShazer and Bobby Verdine were present, thus constituting a quorum. David Castillo was
absent. Mayor Reid welcomed the appointees and thanked them for the commitment, which they
have made to the success of the Zone. He then appointed Gary Cook as temporary Chair until
the officers have been elected. Those in attendance introduced themselves to the Board. Young
Lorfing, the City Secretary, administered the Oaths of Office and Sworn Statements to the
appointees, who were duly sworn into office.
2. Elect officers.
Following review and discussion of Pearland Ordinance No. 891, Section 3, Patti Joiner of
Knudson & Associates stated that, in accordance with City of Pearland Ordinance No. 891, the
Position Three nominee, David Castillo, is designated to serve as Chairman of the Board of
Directors. Board Member Knox then moved that the Board elect Gary Cook as Vice Chairman
of the Board of Directors. Board Member Pyburn seconded the motion. The Board unanimously
approved the motion. Board Member Verdine then moved that the Board elect Mike Pybum as
Secretary of the Board of Directors. Board Member DeShazer seconded the motion. The Board
unanimously approved the motion.
3. Ratification of the Meeting Notice Posting.
Following discussion, Board Member DeShazer moved that the Board ratify the posting of the
meeting notice by the City Secretary. Board Member Pyburn seconded the motion. The Board
unanimously approved the motion.
4. Discussion of application of Open Meetings Act and Open Records Act.
Tim Austin of Vinson & Elkins explained to the Board that, as a public body, the Board is
subject to the legal requirements of the Open Meetings and Open Records Act. No action was
taken.
5. Discussion of Board Member responsibilities and liabilities.
Tim Austin of Vinson & Elkins directed the Board's attention to sections 311.009 and 311.010
of the Tax Code, which outline the composition of the Board of Directors and the powers and
duties of the Board of Directors. Alan Mueller then confirmed that the Board was automatically
covered under the City of Pearland's policy with TML's Intergovernmental Risk Pool. No action
was taken.
6. Receive report from Developer.
Gary Cook of Shadow Creek Ranch Development Company, L.P. briefly summarized the project
for the Board. A general discussion ensued. No action was taken.
7. Presentation of draft Project Plan and Reinvestment Zone Financing Plan by
Knudson & Associates.
Patti Joiner of Knudson & Associates briefly summarized the draft Project Plan and
Reinvestment Zone Financing Plan for the Board. A general discussion ensued. No action was
taken.
8. Consider and approve schedule of regular meetings and establish meeting place.
Following discussion, it was agreed that the Board would meet each Wednesday at 3:00 p.m. in
the City Council Chambers of Pearland City Hall, 3519 Liberty Drive, Pearland, Texas until
further notice.
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9. New Business.
No new business was brought before the Board.
10. Any other matters which may properly come before the Board.
No other matters were brought before the Board.
11. Adjournment.
Board Member Verdine moved that the meeting be adjourned. Board Member DeShazer
seconded the motion. The Board unanimously approved the motion and the meeting was
adjourned at 3:57 p.m.
Approved:— 011� a p�
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Mike byburn
Board Secretary
Tax Increment Reinvestment Zone Number Two
City of Pearland, Texas