Title
1.) Executive Session Item: Deliberation pursuant to Sections 551.072 (real property) & 551.087 (economic development) of the Texas Government Code regarding the purchase, exchange, lease, and/or value of real property and economic development negotiations related to Project Princess. 2.) Open Session Item: Discuss and consider action regarding Project Princess.
Summary
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. Project Princess is an initiative outlined in CEDS 3.0 and continues to support the city’s future growth. The PCDC Board approved the item on April 15, 2026.
Prior City Council Action
N/A
Deadline for City Council Action
Action is requested June 9, 2026.
Funding Expected: Revenue __ Expenditure _X_ N/A __
Budgeted Item: Yes __ No _X_ N/A __
Budgeted Source: N/A
Budgeted Amount: N/A
Amount: $250,000
1295 Form Required? _Yes__ No _X_
Legal Review Required: N/A _X_ Required __ Date Completed: ___________
Supporting documents attached:
Signed Project Princess EDPA
Final Impact Data Source Project Princess
Recommended Action
The PCDC Board of Directors request approval from City Council.