Title
1.)Executive Session Item: Consultation with legal counsel regarding pursuant to Chapter 551.071 of the Texas Government Code and deliberations regarding economic development negotiations pursuant to Chapter 551.087 of the Texas Government Code regarding Approving a Purchase and Sale Agreement and Performance Agreement between Pflugerville Community Development Corporation (PCDC) and EIEIO, Inc. as an economic incentive for EIEIO, Inc. to locate in the 130 Commerce Center development. 2.) Open Session Item: Discuss and consider action regarding Approving a Purchase and Sale Agreement and Performance Agreement between Pflugerville Community Development Corporation (PCDC) and EIEIO, Inc. as an economic incentive for EIEIO, Inc. to locate in the 130 Commerce Center development.
Summary
This item has been included on the regular meeting agenda to allow for discussion and potential action on the item. The City Council is expected to retire to executive session on the item pursuant to Chapter 551.071 of the Texas Government Code for consultation with legal counsel and Chapter 551.087 of the Texas Government Code for deliberations regarding economic development negotiations. Action, if any, will be taken in open session.
Status
This item will be considered by the Pflugerville Community Development Corporation (PCDC) Board on October 18, 2012.
Fiscal Impact
There is no fiscal impact to the City of Pflugerville budget.
Staff Recommendation
Pending action by the PCDC, staff recommends approval.
Drafter
Trey Fletcher
Assistant City Manager