1999-08-23 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
August 23, 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 Monday, August 23,
1999, at 4:00 p.m. The meeting was open to the public.
Board Members in Attendance:
Gary Cook, Vice Chair
Bobby Verdine
John Knox
Mike Pyburn
City of Pearland Representatives in Attendance:
Hon. Tom Reid
Alan Mueller
Public in Attendance:
Mark Collins, Pearland Investments
1. Introduction.
Board Members Not in Attendance:
David Castillo, Chairman
Jim DeShazer
Consultants in Attendance:
Lynne Humphries — Vinson & Elkins
Frank Ildebrando — Rauscher Pierce Refnes, Inc
David Tinney — LJA Engineering
Patti Joiner - Knudson & Associates
Bob McConnell - Knudson & Associates
The Vice Chair, Gary Cook recognized those present. Mayor Tom Reid addressed the board and
thanked them and the consultants for their hard work.
2. Call the meeting to order, take attendance and verify that a quorum in present.
Vice Chair Gary Cook called the meeting to order at 4:20 p.m. and took attendance. The
following Board Members were present:
1. Gary Cook
2. John Knox
3. Bobby Verdine
4. Mike Pyburn
Chairman David Castillo and Board Member Jim Deshazer were not in attendance.
3. Discuss and approve minutes of the August 17,1999 Board meeting.
Following discussion, Board Member Knox moved that the board approve the minutes of the
August 17, 1999 meeting without revision. Board Member Verdine seconded the motion. The
Board unanimously approved the motion.
4. Receive report from Developer.
Alan Mueller reported that the City and the Brazoria Drainage District No. 4 were not able to
reach agreement on an Interlocal Agreement. He pointed out that the Project Plan and
Reinvestment Zone Financing Plan still allowed District participation if they change their mind.
5. Consider and take necessary action regarding any changes or amendments to the
Final Project Plan and Reinvestment Zone Financing Plan.
Lynne Humphries discussed the changes to the Project Plan. John Knox pointed out that Fort
Bend I.S.D. was not mentioned in the Market Study included in the Plan. Gary Cook directed
that a letter from the Board be drafted requesting that American Metro/Study Corporation correct
page 43 of the Single Family Market Demand Study included in the Plans as Appendix A-1 to
reflect inclusion of Fort Bend I.S.D. John Knox pointed out an error to be corrected on page 39
of the Plan. Mike Pybum moved that the Board recommend to the Pearland City Council
adoption of the Project Plan and Reinvestment Zone Financing Plan as amended. John Knox
seconded the motion. The motion carried unanimously.
6. Consider and take necessary action regarding ratification of Interlocal Agreement
by and between the City of Pearland, Texas, Brazoria County and Reinvestment
Zone Number 2, City of Pearland, Texas.
7. Consider and take necessary action regarding ratification of Agreement by and
between the City of Pearland, Texas, Fort Bend County and Reinvestment Zone
Number 2, City of Pearland, Texas.
8. Consider and take necessary action regarding ratification of Interlocal Agreement
by and between the City of Pearland, Texas, Alvin Independent School District and
Reinvestment Zone Number 2, City of Pearland, Texas.
Bobby Verdine moved that all three agreements be ratified. Mike Pyburn seconded the motion.
The motion carried unanimously.
9. Consider and take necessary action regarding ratification of any other participation
agreements by and between the City of Pearland, Texas, Reinvestment Zone
Number 2, City of Pearland, Texas, and other taxing entities.
Lynne Humphries reported that there were no other Interlocal Agreements to consider. No action
was taken.
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10. Consider and approve schedule of meetings.
Gary Cook pointed out that the next meeting had already been scheduled for September 22, 1999
at 4:00 p.m.
11. New Business.
No new business was brought before the Board.
12. Any other matters which may properly come before the Board.
No other business was brought before the Board.
8. Adjournment.
Gary Cook declared the meeting adjourned at 4:57 p.m.
Approved:
MikelAyburn
Board Secretary
Tax Increment Reinvestment Zone Number Two
City of Pearland, Texas
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