1999-07-20 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 20, 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 Tuesday, July 20, 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
Hon. Tom Reid
Councilmember Klaus Seeger
Public in Attendance:
None
1. Introduction.
Board Members not in Attendance:
David Castillo, Chairman
Consultants in Attendance:
Patti Joiner - Knudson & Associates
Robert McConnell - Knudson & Associates
Tim Austin — Vinson & Elkins
Lynne Humphries — Vinson & Elkins
David Tinney — LJA Engineering
The Vice Chair, Gary Cook noted that all present knew each other so introductions were not
necessary.
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 3:14 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. Therefore, a quorum was present.
3. Discuss and approve minutes of the July 14, 1999 Board meeting.
Following discussion, Board Member Jim DeShazer moved that the board approve the minutes
from the Board Meeting of July 14, 1999. Board Member Knox seconded the motion. The
Board unanimously approved the motion.
4. Receive report from Developer.
Alan Mueller gave a report to the Board on the Brazoria County Team meeting with the County
and Drainage District. Participating in that meeting were: Jack Harris, Jim Clawson, Larry
Jordan, Debbie Jones, Kent Burkett, Barron Wallace for Brazoria County; Ben Lenamon, Mike
Yost, Amy McCullough for Brazoria Drainage District No. 4; Alan Mueller, Bill Berger, Frank
Ildebrando, Charles Williams for the City of Pearland; Gary Cook, Patti Joiner, Drew Masterson,
and Lynne Humphries for Shadow Creek Ranch Development Company, L.P. Alan Mueller
reported that the County has determined that its cost of services is $218 per Single Family -Unit,
for purposes of determining whether the County will retain sufficient increment to cover its
costs.
Alan Mueller stated that the County has scheduled a workshop meeting with Larry Jordan of
Estrada Hincjosa & Company, Inc. on Friday, July 23 at 11:00 a.m. (10:30 a.m.). He said the
County has set a target date of August 10th for approval of an Interlocal Agreement to determine
how the County's cost of service should be applied in connection with its participation level.
Alan Mueller reported that the County wanted the right to reevaluate its participation at 5 -year
intervals. If the improvements generated value at less than 75% of projections, the County wants
to be able to adjust its level of participation.
John Knox said that Fort Bend County wants to know at what level Brazoria County is
participating because of its assumption that it would participate on the same level. No action was
taken.
5. Discussion of Draft Project Plan and Reinvestment Zone Financing Plan.
Patti Joiner reviewed with the Board the text of the draft Project Plan and Financing Plan for City
of Pearland TIRZ No. 2. General discussion followed and the timing of Plan approval was
considered. No action was taken.
6. Consider and approve schedule of regular meetings.
Following discussion, it was agreed that the Board's next meeting would be held on Wednesday
July 28, 1999 at 3:00 p.m.
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New Business.
No new business was brought before the Board.
8. Any other matters which may properly come before the Board.
No other business was brought before the Board.
9. Adjournment.
Board Member Verdine moved that the meeting be adjourned. Board Member Knox seconded
the motion. The Board unanimously approved the motion and the meeting was adjourned at
5:12 p.m.
Approved:
#11v,
Mike Pyburnt
Board Secretary
Tax Increment Reinvestment Zone Number Two
City of Pearland, Texas
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