Title
1.) 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 Pflugerville Community Development Corporation (PCDC) Performance Agreement with Project Durable. 2.) Open Session Item: Discuss and consider action regarding a Pflugerville Community Development Corporation (PCDC) Performance Agreement with Project Durable.
Summary
This item has been included on the agenda to allow for discussion and potential action on the Performance Agreement with Project Durable. The Pflugerville Community Development Corporation held a public hearing and approved the Performance Agreement with Project Durable at a regular meeting on September 25, 2014. The City Council may retire to executive session for discussion on the item regarding economic development negotiations pursuant to Chapter 551.087 of the Texas Government Code. Action, if any, will be taken in open session.
Status
The Performance Agreement for Project Durable was unanimously approved following a public hearing at the regular meeting of the Pflugerville Community Development Corporation (PCDC) on September 25, 2014. The Performance Agreement is being forwarded to City Council for final review and approval consideration during a regular city council meeting on October 14, 2014.
Deadline for City Council Action
There is no deadline for action.
Fiscal Impact
To be determined.
Staff Recommendation
Discuss and take action as appropriate.
Drafter
Floyd Akers
PCDC Executive Director/General Counsel