Pflugerville Banner
File #: RES-0270    Version: 1 Name:
Type: Resolution Status: Passed
File created: 10/13/2015 In control: City Council
On agenda: 10/13/2015 Final action: 10/13/2015
Title: 1.) Executive Session Item: Discussions regarding deliberations on economic development negotiations pursuant to Chapter 551.087 of the Texas Government Code, deliberations regarding real property pursuant to Chapter 551.072 of the Texas Government Code, and consultation with legal counsel pursuant to Chapter 551.071 of the Texas Government Code for legal advice regarding a Pflugerville Community Development Corporation (PCDC) settlement agreement with TrackingPoint, Inc. 2.) Open Session Item: Discuss and consider action to approve a resolution authorizing a PCDC settlement agreement with TrackingPoint, Inc. including provisions amending the Performance Agreement, and authorizing execution of all documents associated with same.
Attachments: 1. Resolution for Approval of Tracking Point Settlement Agreement 2015 1001, 2. Tracking Point Settlement Agreement and Amendment Fully Executed, 3. Exhibit A -May 2013 Perf Agreement, 4. Exhibit B -Commercial Sublease, 5. Exhibit C -Leasehold Construction Addendum, 6. Exhibit F Tracking Point Sublease Amendment Fully Executed

Title

1.) Executive Session Item: Discussions regarding deliberations on economic development negotiations pursuant to Chapter 551.087 of the Texas Government Code, deliberations regarding real property pursuant to Chapter 551.072 of the Texas Government Code, and consultation with legal counsel pursuant to Chapter 551.071 of the Texas Government Code for legal advice regarding a Pflugerville Community Development Corporation (PCDC) settlement agreement with TrackingPoint, Inc.  2.) Open Session Item: Discuss and consider action to approve a resolution authorizing a PCDC settlement agreement with TrackingPoint, Inc. including provisions amending the Performance Agreement, and authorizing execution of all documents associated with same.

 

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, deliberations regarding real property pursuant to Chapter 551.072 of the Texas Government Code and legal counsel pursuant to Chapter 551.071 of the Texas Government Code.  Action, if any, will be taken in open session.

 

Deadline for City Council Action

N/A

 

Fiscal Impact

N/A

 

Staff Recommendation

Discuss and take action as appropriate.

 

Drafter

George Hyde

City Attorney