Applications are now open for the Pearland Economic Development Corporation Board of Directors.
Purpose:
The purpose of the Pearland Economic Development Corporation is to promote, assist, and enhance the economic development activities and quality of life opportunities within the City and its extraterritorial jurisdiction that promote economic development as authorized by the Development Corporation Act.
Meetings:
Meets the 4th or 5th Thursday of each month for approximately 2-3 hours.
Pearland Economic Development website.
Membership:
A seven (7) member Board of Directors governs the Pearland Economic Development Corporation. They are appointed by a majority vote of the City Council. The members are appointed to a two-year term of office.
A majority of four Board members constitutes a quorum for conducting business. The Board and organization are subject to both the Open Meetings Act and the Open Records Act.
The corporation is managed by a Board of Directors, which may exercise the powers authorized by the act, subject to any limitations of the bylaws, including the following:
To purchase or acquire for the Corporation any property, rights, or privileges and to pay, therefore either wholly or partly in money, bonds, debentures, or other securities of the corporation as may be lawful.
To create, make and issue notes, mortgages, bonds, deeds of trust, trust agreements and negotiable or transferable instruments and securities, secured by a mortgage or deed of trust on any real property of the Corporation or otherwise, and to do every other act or thing necessary to effect the same.
To sell or lease the real or personal property of the corporation on the terms the Board sees fit and to execute deeds, leases, and other conveyances or contracts as necessary for carrying out the purpose of this corporation.
The Corporation has the power to expend the sales tax proceeds for purposes authorized by the State Development Act.
The Development Act provides that the City shall approve all programs and expenditures of the Development Corporation, and shall annually review the financial statements.
Position Term: 2 years
Time Commitment: Meets the 4th or 5th Thursday of each month for approximately 2-3 hours.
