1999-07-14 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 14,1999
The 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 14,
1999, at 3:00 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
Bob Lewis
Hon. Tom Reid
Michael Ross
Glen Erwin
Gene Simeon
Renee West
Public in Attendance:
None
Introduction.
Board Members not in Attendance:
David Castillo, Chairman
Consultants in Attendance:
Patti Joiner - Knudson & Associates
Charles Knight - Knudson & Associates
Lynne Humphries
Charles Williams — Mayor, Day, Caldwell & Keeton
John Perry —LJA Engineering
David Tinney — LJA Engineering
Those in attendance introduced themselves. Mayor Reid introduced Lynne Humphries as lead
council for Vinson & Elkins.
2. Call the meeting to order, take attendance and verify that a quorum in present.
Vice Chair Garry Cook called the meeting to order at 3:12 p.m. and took attendance. The
following Board Members were present:
1. Gary Cook
2. Mike Pyburn
3. John Knox
4. Jim DeShazer
5. Bobby Verdine
Chairman David Castillo was not in attendance.
3. Discuss and approve minutes of the July 7,1999 Board meeting.
Following discussion, Secretary Mike Pyburn moved that the board approve the minutes from
the Organizational Board Meeting of July 7, 1999. Board Member Verdine seconded the motion.
The Board unanimously approved the motion.
4. Receive report from Developer.
David Tinney of LJA Engineering, Inc. summarized the proposed Shadow Creek Ranch public
improvements. A general discussion ensued. No action was taken.
5. Discussion of draft Project Plan and Reinvestment Zone Financing Plan.
The Board discussed the Draft Plan. Alan Mueller reported that a joint workshop to discuss the
Draft Plan had been scheduled with Brazoria County Drainage District No. 4 and Pearland City
Council for July 19, 1999. Board Member John Knox pointed out a discrepancy in Drill Site No.
5 location between Exhibit F-5 and Exhibit F-6 of the Draft Plan. No action was taken.
6. Consider and approve schedule of regular meetings.
Following discussion, it was agreed that the Board's next three meetings would be held on
Tuesday, July 20, 1999 at 3:00 p.m., Wednesday, July 28, 1999 at 3:00 p.m. and Wednesday,
August 4, 1999 at 6:30 p.m.
New Business.
No new business was brought before the Board.
8. Any other matters which may properly come before the Board.
Lynne Humphries of Vinson & Elkins distributed handouts to the Board and discussed Board
Member terms of office and interest rates and marketability of other recent TIRZ financings. No
action was taken
9. Adjournment.
Secretary Pyburn moved that the meeting be adjourned. Board Member DeShazer seconded the
motion. The Board unanimously approved the motion and the meeting was adjourned at 5:07
p.m.
Approved:
alic pea)
Mike yburn
Board Secretary
Tax Increment Reinvestment Zone Number Two
City of Pearland, Texas
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