Title
1). Executive Session Item: Deliberation regarding real property pursuant to Section 551.072 of the Texas Government Code regarding the purchase, exchange, lease, and/or value of real property related to Project Princess. 2). Open Session Item: Discuss and consider action regarding Project Princess.
Summary
Project Princess is an initiative outlined in CEDS 3.0 and continues to support the city’s future growth.
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.
The PCDC Board approved this item in Executive Session on April 15, 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 28, 2026.
Funding Expected: Revenue __ Expenditure _X_ N/A __
Budgeted Item: Yes __ No __X N/A __
Budget Source: N/A
Budgeted Amount: N/A
Amount: $250,000.00
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.