Title
Executive Session Item: Discussions regarding deliberations on economic development negotiations pursuant to Chapter 551.087 of the Texas Government Code and consultation with legal counsel pursuant to Chapter 551.071 of the Texas Government Code for legal advice concerning economic development negotiations regarding a proposed revised Economic Development Agreement between JG Media, Inc., MRS Holdings, Inc. and City of Pflugerville dated December 18th, 2012. 2.) Open Session I tem: Discuss and consider action to approve a substitute agreement replacing a current Economic Development Agreement between JG Media, Inc., MRS Holdings, Inc., and City of Pflugerville dated December 18th, 2012, adding a party (JJ Garrett Holdings, LLC) and modifying the Facility to include an expansion project.
Summary
This item has been included on the regular meeting agenda to allow for City Council discussion in executive session regarding economic development negotiations pursuant to Chapter 551.087 of the Texas Government Code and legal counsel pursuant to Chapter 551.071 of the Texas Government Code and potential action on the item. Action, if any, will be taken in open session.
Deadline for City Council Action
N/A
Fiscal Impact
N/A
Recommendation
Discuss and take action as appropriate.
Drafter
Brandon Wade
City Manager