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1998-06-15 PEARLAND ECONOMIC DEVELOPMENT CORPORATION BOARD REGULAR MEETING MINUTESMINUTES OF A REGULAR MEETING OF THE PEARLAND ECONOMIC DEVELOPMENT CORPORATION ("PEDC") BOARD OF DIRECTORS OF THE CITY OF PEARLAND, TEXAS, AND HELD MONDAY, JUNE 15, 1998 AT 4:00 P.M. AT CITY HALL, IN THE COUNCIL CHAMBERS, 3519 LIBERTY DR., PEARLAND, TEXAS. I. The meeting was called to order at 4:00 p.m. with the following present: BOARD MEMBERS Chairman Dennis Frauenberger Vice President Stella Roberts Secretary Board Member Board Member Board Member Susan Lenamon Bill Berger Calvin Collier Charlie Philipp Not in attendance — Due to a conflict in schedule, Board member Connie Beaumont was unable to attend. EX -OFFICIO BOARD MEMBERS Mayor Tom Reid Chamber of Commerce Lucy Stevener Billye Everett TriTech John Knox Not in attendance: Due to a conflict in schedule, Ex -Officio member Paul Grohman was unable to attend. STAFF MEMBERS Executive Director Asst. Executive Director Administrative Asst. Glen Erwin John Bowman Perla N. Lehman Also in attendance: City Engineer John Hargrove, Director of Finance David Castillo, Asst. Director of Finance Cindy Soto, Council Members Helen Beckman and Klaus Seeger. Minutes of Regular Meeting of June 15, 1998 (Cont.) Page 2 II. Approval of Minutes: Board member Stella Roberts made the motion, seconded by Board member Calvin Collier to approve the minutes of the Regular meeting of April 6, 1998 as submitted. Motion passed: 6 to 0 Board Member Reports: Reports included attendance by board members at the following events. The International Council of Shopping Centers convention in Las Vegas, Nevada in May and the PEDC Quarterly Reception held on June 10, 1998. Executive Director & Staff Reports: Executive Director Glen Erwin updated the board regarding the McHard Rd/Overpass project. Mr. Ran Bavarian was on hand for questions from the board regarding this project. A written report by Mr. Ran Bavarian of Walsh Engineering was presented to the board and submitted to file. Assistant Executive Director John Bowman presented the board with a prospect/project report. His report included a specialized coating company, an EDA grant, a master planned community, Third Coast Packaging, two office building prospects and an athletic shoe manufacturer. Other projects mentioned were a bag forming company, a hardware distribution company and an oil field company. III. A. Excuse Absence: Board member Calvin Collier made the motion, seconded by Secretary Susan Lenamon to excuse Chairman Dennis Frauenberger from the Regular meeting of April 6, 1998. Motion passed: 5 to 0 Abstained: 1 B. Approval of Feasibility Studer After discussion, Secretary Susan Lenamon made the motion, seconded by Board member Bill Berger to amend the motion to authorize the Executive Director to expend funds for a feasibility study for possible development of an Industrial Park. Motion Passed: 6 to 0 Amended Motion - Board member Bill Berger made the motion, seconded by Secretary Susan Lenamon to authorize the Executive Director to expend funds not to exceed $16,000.00 for Part I of a feasibility study for possible development of an Industrial Park. Motion Passed: 6 to 0 Minutes of Regular Meeting of June 15, 1998 (Cont.) Page 3 C. Foreign Trade Zone — After discussion, Secretary Susan Lenamon made the motion, seconded by board member Bill Berger to amend the original motion of authorizing the Executive Director to proceed with the formation of a Foreign Trade Zone in Pearland, Texas. Motion Passed: 6 to 0 Amended Motion - Board member Charlie Philipp made the motion to approve the formation of a Foreign Trade Zone and instruct the Executive Director to expand the scope of the zone to include all M-1 and M-2 property within the city limits of Pearland, Texas. Motion Passed: 6 to 0 VI. OTHER BUSINESS None. VII. ADJOURNMENT: Secretary Susan Lenamon made the motion, seconded by Board member Vice President Stella Roberts to adjourn the meeting. Motion Passed: 6 to 0 Time: 4:53 p.m. Minutes approved asubmitt and/or c. A.D., 1998. Dennis Frauen ATTEST: Perla N. Lehman, Administrative Assistant M President of