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1997-03-03 PEARLAND ECONOMIC DEVELOPMENT CORPORATION BOARD REGULAR MEETING MINUTESMINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION BOARD, OF THE CITY OF PEARLAND, TEXAS, HELD MONDAY, MARCH 3, 1997 AT 4:00 P.M., IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. I. The meeting was called to order at 4:03 p.m. with the following present: BOARD MEMBERS Chairman Dennis Frauenberger Vice President Tricia Holland Secretary Susan Lenamon Board Member Bill Berger Board Member Stella Roberts Board Member Connie Beaumont Not in attendance: Due to a conflict in schedule, board member Bob Lewis was unable to attend. EX -OFFICIO BOARD MEMBERS TriTech John Knox Chamber of Commerce Billye Everett Mayor Tom Reid Not in attendance: Due to a conflict in schedule, City Manager Paul Grohman was not able to attend. STAFF MEMBERS Executive Director Assistant Executive Director Marketing & Events Coordinator Administrative Assistant Glen Erwin John R. Bowman Terrie Morgan Perla N. Lehman Also in attendance: Finance Director David Castillo and City Attorney Amy McCullough. 1 Minutes of Regular Meeting March 3, 1997 U. Approval of Minutes of February 3, 1997 - Board member Stella Roberts made the motion, seconded by Vice President Tricia Holland to approve, as submitted, the minutes of the Regular PEDC Board Meeting on February 3, 1997. Motion Passed: 6 to 0 M. Board Member Reports - Chairman Dennis Frauenberger read a letter of resignation to the board from board member Bob Lewis. In his letter, Mr. Lewis stated that he wanted to avoid a possible conflict in the future between his role as an investor and his role as a board member. Other board member reports included attendance of the Quarterly Reception on February 11, the workshop conducted by Elizabeth Morris on February 13, 1997, and the Brazoria Economic Development Partnership. Mayor Tom Reid reported on a letter from Judge John Willy regarding tax abatement for Kemlon Products & Development Company. The letter stated that because the Commissioners' Court had elected to withhold approval subject to Kemlon's reducing the requested abatement term from 8 years to 7 years, the application. had been resubmitted in its exact form with the exception of the term reduction to 7 years and would be placed on the March 10 Public Hearing agenda. IV. Executive Director and Staff Reports - Executive Director Glen Erwin updated the board on the 288 and 518 intersection and invited them to the PEDC's 2nd Annual Industrial Broker Day scheduled on April 17, 1997. V. NEW BUSINESS A. Authorization - Secretary Susan Lenamon made the motion, seconded by Vice President Tricia Holland to authorize a Special Meeting to be held on Monday, March 17, 1997 at 5:00 p.m., to address matters related to the issuance of PEDC Bonds. Motion Passed: 6 to 0 VI. OTHER BUSINESS 1. EXECUTIVE SESSION The PEDC Board of Directors adjourned into Executive Session at 4:19 p.m. to discuss matters regarding the Executive Director's salary. V. NEW BUSINESS (Cont.) Board reconvened from Executive Session at 4:46 p.m. B. Direction to Staff - Vice President Tricia Holland made the motion, seconded by Secretary Susan Lenamon to recommend to the City Manager an annual salary for the PEDC Executive Director in the amount of $75,000.00 effective next pay period. Motion Passed: 6 to 0 VII. ADJOURNMENT Secretary Susan Lenamon made the motion, seconded by Vice President Tricia Holland to adjourn the meeting. Motion Passed: 6 to 0 Time: 4:47 p.m. Minutes pproved as �tted /or corrected this - , A.D. 1997. ATTEST: erlaN. Lehman, Administrative Assistant day of