Title
1.) Executive Session Item: Deliberation regarding real property and economic development negotiations pursuant to Sections 551.072 and 551.087 of the Texas Government Code related to Project Princess. 2) Open Session Item: Discuss and consider action regarding Project Princess.
Summary
This item is included on the agenda to allow for discussion on its topic. The City Council is expected to retire to executive session on the item for discussion regarding economic development negotiations pursuant to Chapter 551.072 of the Texas Government Code.
Project Princess is an initiative outlined in CEDS 3.0 and continues to support the city’s future growth.
The PCDC Board approved this item in Executive Session on February 25, 2026.
Strategic Plan Pillar: Economic and Business
Prior City Council Action
No action taken by Council on March 24, 2026. Additional information has been provided concerning the projects.
Deadline for City Council Action
Action is requested on April 14, 2026.
Funding Expected: Revenue __ Expenditure _X_ N/A __
Budgeted Item: Yes __ No _X_ N/A __
Budget Source: N/A
Budgeted Amount: N/A
Amount: $250,000
1295 Form Required? Yes __ No _X_
Legal Review Required: N/A _X_ Required __ Date Completed: ___________
Supporting documents attached:
N/A
Recommended Action
The PCDC Board of Directors request approval from the City Council.