MINUTES  CITY OF TOMBALL, TEXAS SPECIAL BOARD MEETING THUISDAKDECEMBER 10, 2020 401 MARKET STREET, TOMBALL, TEXAS  TOMBALL ECONOMIC DEVELOPMENT CORPORATION  MUNICIPAL BUILDING (CITY HALL), COUNCIL CHAMBERS  5:30 P.M.  1.0  Call to Order  The meeting was called to order at: 5:33 p.m. by President Gretchen Fagan.  Roll Call and Certification ofa Quorum  Members Present: Gretchen Fagan Steven Vaughan Richard Bruce Chad Degges Bill Sumner Members Absent: Clete Jaeger Will Benson Others Present:  Kelly Violette, TEDC Executive Director Tiffani Wooten, TEDC Assistant Director Tom Condon, Colliers International Kyle Bertrand, Gunda Corporation Brian Northway, Power Now LLC John' Tagger, Power Now LLC  2.0  Public Comments and Receipt of Petitions  No comments were given. New Business:  3.0    City ofTomball, Texas  Tomball Economic Development Corporation Special Meeting of December 10, 2020  Page2  3.1 Consideration and possible action to approve, as a Project of the Corporation, an agreement with Power Now LLC to make direct incentives to, or expenditures for, the creation or retention of primary jobs associated with the relocation of its corporate headquarters to be located at 215 South Persimmon Street, Tomball, Texas 77375. The Kelly Violette provided an overview and introduced Brian Northway and John Tagger, Power  estimated amount of expenditures for such Project is $45,000.00.  Now LLC.  Public Hearing  President Fagan opened the public hearing at 5:40 p.m. No public comments were received. The Motion was made by Board Member Degges, seconded by Board Member Bruce to approve an agreement with Power Now LLC as presented above in an amount not to exceed $45,000.00.  public hearing was closed at 5:40j p.m. President Fagan called for the vote. The motion carried unanimously.  3.2 Consideration and possible action to approve the expenditure of funds and the execution of contracts and documentation by the EDC Executive Director to acquire approximately 10 acres in the Tomball Business & Technology Park, generally located at the southeast  corner of Spell Road and South Persimmon Street, Tomball, Texas 77375.  Kelly Violette provided an overview.  Motion was made by Board Member Bruce, seconded by Board Member Sumner to approve the expenditure of funds and the execution of contracts and documentation by the EDC Executive  Director as presented above. President Fagan called for the vote.  The motion carried unanimously.  3.3 Consideration and possible action to authorize capital improvements and repairs at the South Live Oak Business Park (202-204 South Live Oak Street, Tomball, Texas 77375) in an amount not to exceed $150,000.00 and authorize the execution of contracts and  documentation by the EDC Executive Director. Kelly Violette provided an overview.  Motion was made by Board Member Vaughan, seconded by Board Member Sumner to authorize capital improvements and repairs at the South Live Oak Business Park in an amount not to exceed $150,000.00 and authorize the execution of contracts and documentation by the EDC  Director as presented above. President Fagan called for the vote.  The motion carried unanimously.    City ofTomball, Texas  Tomball Economic Development Corporation Special Meeting of December 10, 2020  Page: 3  3.4 EXECUTIVE SESSION: The Board determined that it was not necessary to meet in Executive Session as Authorized by Title 5, Chapter 551, Government Code, the Texas  Open Meetings Act, for the Following Purpose(s):  Section 551.072, - Deliberations regarding real property: Deliberate the purchase, Section 551.087,- Deliberations regarding Economic Development negotiations.  exchange, sale, lease, or value ofreal property.  President Fagan convened into Executive Session at 5:24 p.m.  3.5 Reconvene into regular session and take action, if necessary, on items discussed in  Executive Session.  Reconvened into regular session at 6:29 p.m.; no Board action was taken  4.0  "Adjournment"  Motion was made by Board Member Bruce, seconded by Board Member Sumner, to adjourn.  President Fagan called for the vote.  The motion carried unanimously. The meeting was adjourned at 6:29 p.m. PASSED AND APPROVED this 12th day January of 2021.  SM President, TombaEDC Board  ME. Secretary, Tomball  h