01/18/2022 Minutes - Laserfiche WebLink

Home Browse Search

PEDC Board Meeting Minutes Monday, January 18, 2022 Page 4 of 5 Chamber of Commerce that worked so well together. Dr. Hashmi extended recognition to Ms. Hammond for her collaboration efforts between the three entities to work together on a project. No action was taken on this item Receive and Discuss Report on Land Review Committee Ms. Hammond updated the board on the Land Review Committeestatingthat she,Mr. Bray, Mr. Fendley,and Mr. Homer have met several times over the last few months. During those meetings they focused on site readiness, evaluating existing land inventory, and the need for additional land acquisition. Ms. Hammond stated that 82% of prospect leads during the past five years have had land requirement. In response to this, during the last meeting the board approved land acquisition of approximately 178 acres, which closed on December 28, 2021. Ms. Hammond thanked Mr. Bray, Mr. Fendley, and Mr. Homer for their time spent assisting with the negotiation process as well as the relationships they helped develop as part of their roles in the committee. She concluded by stating that the Land Review Committee would regroup during the second quarter due to its members’ commitments to various other committees working at this time. Mr. Bray added with thanking Mr. Fendley and Mr. Homer for their time and the city for assisting with the financing portion of land acquisition. No action was taken on this item Receive and Discuss Report on Policy Review Committee Ms. Hammond opened the discussion with stating that the Policy Review Committee consists of: Ms. Maureen Hammond, Dr. AJ Hashmi, Mr. Homer, Mr. Roddy and Mr. Gain; PEDC Attorney. Ms. Hammond reported that the committee has met twice and has started with review of PEDC bylaws and policy procedures and operating standards. She added that the committee has completed review of the bylaws and would be composing amendments for consideration at a future meeting and in compliance with amendment procedures. No action was taken on this item Convene into Executive Session: 1) Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the purchase, exchange, lease, or value of real property. 2) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1), to wit: Project Pecan Grove Project Red Maple Project Rocket X Project Iron Horse