1999-10-25 TAX INCREMENT REINVESTMENT ZONE NO. 2 BOARD MEETING MINUTES( MINUTES OF THE BOARD OF DIRECTORS MEETING
Tax Increment Reinvestment Zone Number Two
CITY OF PEARLAND, TEXAS
October 25,1999
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 first floor conference room of
Pearland City Hall, located at 3519 Liberty Drive, Pearland, Texas, on Monday, October 25,
1999, at 4:30 p.m. The meeting was open to the public.
Board Members in Attendance:
Nigel Harrison, Chair
Gary Cook, Vice Chair
Mike Pyburn, Secretary
James McFeron
Larry Loessin
Bobby Verdine
City of Pearland Representatives in Attendance:
Hon. Tom Ried
Public in Attendance:
None
Introduction.
Board Members Not in Attendance:
Jim DeShazer
Consultants in Attendance:
Lynne Humphries — Vinson & Elkins
Trey Lary — Vinson & Elkins
John Perry — LJA Engineering
David Tinney — LJA Engineering
Patti Joiner - Knudson & Associates
Charles Knight - Knudson & Associates
Robert DeForest — KGA/DeForest Design, L.L.C.
The Chair, Nigel Harrison asked those in attendance to introduce themselves for the benefit of
the new Board Members.
2. Call the meeting to order, take attendance and verify that a quorum in present.
The Chair, Nigel Harrison called the meeting to order at 4:37 p.m. and took attendance. The
following Board Members were present:
1. Bobby Verdine
2. Nigel Harrison
3. Gary Cook
4. James McFeron
5. Mike Pyburn
6. Larry Loessin
7. John Knox
( Board Member Jim DeShazer was not in attendance.
Discuss and approve minutes of the October 5, 1999 Board meeting.
Following discussion, Vice Chair Gary Cook moved that the Board approve the minutes of the
October 5, 1999 meeting without revision. Board Member Larry Loessin seconded the motion.
The Board unanimously approved the motion.
4. Discuss and take necessary action regarding Director's and Officer's liability
insurance coverage.
Patti Joiner of Knudson & Associates reported that the TML Intergovernmental Risk Pool
underwriter, Denise Gotwald, confirmed that the Board of Directors was covered under the
City's liability policy.
5. Project report from the City; take appropriate action.
Mayor Tom Ried reported that the Alvin Independent School District/City of Pearland joint
appointee to the Board of Directors was B. L. "Sonny" Corley. City Council planned to consider
this appointment at its meeting on October 25, 1999. Mayor Ried also reported on the status of
Board Member Jim DeShazer. No Board action was taken.
6. Discuss and take necessary action regarding approval recommendation to City
Council of Master Developer Reimbursement Agreement.
Patti Joiner of Knudson & Associates and Lynne Humphries of Vinson & Elkins summarized the
changes made to the Agreement since the Board meeting on October 5, 1999. Following
discussion, Board Member Mike Pyburn moved that the Board recommend approval of the
Master Developer Reimbursement Agreement (standard form) to City Council. Board Member
Verdine seconded the motion. The Board unanimously approved the motion. Vice Chair Gary
Cook abstained.
7. Review final Plan projected TIRZ cashflow and takedown schedule.
Patti Joiner of Knudson & Associates summarized the cashflow spreadsheet and takedown
schedule for the Board. A general discussion ensued.
8. Presentation of Primary Entry and budget.
Bob DeForest of KGA/DeForest Design, L.L.C. presented the Primary Entry Development
design and estimated budget. A general discussion ensued.
9. Project Report from the Developer; take appropriate action.
( Vice Chair Gary Cook of Shadow Creek Ranch Development Company, L. P. reported on
development activities to date. A general discussion ensued.
10. Consider and approve schedule of meetings.
It was decided that the next Board meeting would take place on November 8, 1999 at 4:30 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.
13. Adjournment.
Vice Chair Gary Cook moved that the meeting be adjourned. Board Member Pyburn seconded
the motion, and the Board unanimously voted to adjourn the meeting at 6:05 p.m.
Approved:
l
Mike Pyburnl
Board Secretary
Tax Increment Reinvestment Zone Number Two
City of Pearland, Texas
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