Title
Executive Session Item: 1) Deliberation regarding real property pursuant to Chapter 551.072 of the Texas Government Code, deliberation regarding 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 discussion regarding the sale of real property owned by the Pflugerville Community Development Corporation (PCDC); being the proposed sale of 30 acres located in the One Thirty Commerce Center to 130 Commerce Center, LLC; and the proposed sale of 33 acres located in the One Thirty Commerce Center to "Project Pandora." Open Session Item: 2) Discuss and consider action to approve the sale of PCDC real property: being 30 acres located in the One Thirty Commerce Center to 130 Commerce Center, LLC; and 33 acres located in the One Thirty Commerce Center to "Project Pandora."
Summary
This item has been placed on the agenda at the request of Floyd Akers, PCDC Executive Director. Mr. Akers will attend the meeting to provide information.
This item has been included on the agenda to allow for discussion and potential action on the item. The City Council is expected to retire to executive session on the item for deliberation regarding real property, deliberation regarding economic development negotiations and consultation with legal counsel. Action, if any, will be taken in open session.
Deadline for City Council Action
No deadline has been stated.
Fiscal Impact
This item has no impact to the City of Pflugerville's budget.
Staff Recommendation
Discuss and take action as appropriate.
Drafter
Trey Fletcher, Assistant City Manager