1998-04-20 TAX INCREMENT REINVESTMENT ZONE NO. 1 BOARD MEETING MINUTESMINUTES OF THE BOARD OF DIRECTORS ORGANIZATIONAL MEETING
REINVESTMENT ZONE NUMBER ONE
CITY OF PEARLAND, TEXAS
April 20, 1998
An organizational meeting of the Board of Directors (`Board") of the Reinvestment Zone
Number One, City of Pearland, Texas, ("Zone") was held in the Pearland City Council Chambers,
located at 3519 Liberty Drive, Houston, Texas, on Monday, April 20, 1998, at 9:00 AM. The
meeting was open to the public.
In Attendance:
Krystal Green- Board of Directors
Dan Olson - Board of Directors
Louis Silver - Board of Directors
Jack McGuff - Board of Directors
Scott Hill - Board of Directors
Greg Coleman - Board of Directors
Alan Mueller - City of Pearland
Young Lorfing - City of Pearland
Marvin Katz - Mayer, Brown & Platt
Sue Darcy - Knudson & Associates
Charles Knight - Knudson & Associates
1. Receive and consider qualifications of Director's, receive Oaths and Sworn
Statements.
Sue Darcy called the meeting to order at 9:08 a.m. Krystal Green, Dan Olson, Louis Silver, Jack
McGuf� Scott Hill and Greg Coleman were present, thus exceeding the quorum requirement of
five. Marvin Katz informed the Board nominees that the seventh Board nomination has yet to be
made. Young Lorfing then administered the Oaths of Office and the Sworn Statements to the
nominees, who were duly sworn into office.
2. Elect Officers
Sue Darcy stated that, in accordance with City of Pearland Ordinance No. 834, the Position Three
nominee, Krystal Green, is designated to serve as chair of the Board of Directors. Dan Olson
moved to elect Krystal Green as Chau of the Board. Louis Silver seconded the motion. The
Board unanimously elected Krystal Green as Chair. Louis Silver then moved to elect Dan Olson
as Vice Chair of the Board. Greg Coleman seconded the motion. The Board unanimously
elected Dan Olson as Vice Chair.
3. Discuss and take action regarding the adoption of the Project Plan and
Reinvestment Zone Financing Plan.
Marvin Katz summarized the Project Plan and Reinvestment Zone Financing Plan for the Board.
Louis Silver moved to adopt the Plan. Dan Olson seconded the motion. The Board unanimously
voted to adopt the Plan.
4. Discuss and take action regarding consultant services contracts from Knudson &
Associates and Mayer, Brown & Platt, employing the respective firms as consultants to the
Zone.
Marvin Katz explained that both the consultant services contracts are terminable at will. Dan
Olson moved to employ Knudson & Associates as a consultant to the Zone. Louis Silver
seconded the motion. The Board unanimously approved adoption of the contract employing
Knudson & Associates as a consultant to the Zone. Louis Silver then asked Marvin Katz if he
would agree to strike paragraph three on page three of the Mayer, Brown & Platt contract.
Marvin Katz agreed. Louis Silver then moved to employ Mayer, Brown & Platt as a consultant
to the Zone. Dan Olson seconded the motion. The Board unanimously approved adoption of the
contract, as amended, employing Mayer, Brown & Platt as a consultant to the Zone.
5. Consider and approve schedule of regular meetings.
After discussion as to the timing of Pearland City Council meetings, Jack McGuff moved to place
Friday May 1st, 1998 at 9:00 a.m. and Friday May 29th, 1998 at 9:00 a.m. on the Board's
schedule as the next two Board meeting dates and times. Greg Coleman seconded the motion.
The Board unanimously approved the motion.
6. Consider and take necessary action regarding the purchase of Directors and Officers
Liability Insurance.
Alan Mueller stated that he will inquire as to whether the Board is covered under the City's
insurance for both "per occurrence" and "claims -made". Dan Olson moved to authorize Knudson
& Associates to solicit bids for insurance coverage costs for both `per occurrence" and "claims
made". Louis Silver seconded the motion. The Board unanimously approved the motion.
7. Receive report from Developer.
Dan Olson reported that as part of Phase One, the oversizing of 2 miles of sewer line along FM
518 is approximately 85 percent complete. The parallel water line oversizing should be completed
in 30 days. Intract sewer and water mains are 80 percent complete. Streets have been brought to
rough grade, with paving to take place later this month. There is now access from both County
Road 89 and North Fork. Landscaping, which is not part of the TIRZ project costs, will begin at
the end of April with construction of the periphery wall. Home construction is expected to begin
by the end of May. Scott Hill reported that of the 40 lots released for sale to date, 28 have been
sold. 40 to 50 closings are expected by August or September.
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8. New Business.
There was no new business.
9. Any other matters which may properly come before the Board.
No other matters were brought before the Board.
10. Adjournment.
Dan Olson moved that the meeting be adjourned. Greg Coleman seconded the motion. The
Board unanimously approved the motion and the meeting was adjourned at 9:57 a.m.
Approved:
Krystal Green
Board Chair
Reinvestment Zone Number One, City of Pearland, Texas
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