...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 regarding an Economic Development Agreement with Project Exit. 2.) Open Session Item: Discuss and consider action regarding an Economic Development Agreement with Project Exit.
Summary
This item has been included on the agenda to allow for discussion and potential action on an Economic Development Agreement with Project Exit. The City Council is expected to retire to executive session on the item for 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.
Previous City Council Action
The City Council approved a Pflugerville Community Development Corporation (PCDC) Performance Agreement, Lease and Sublease agreement for Project Exit at their regular meeting on May 13, 2014.
Deadline for Action
Action is requested on June 10, 2014.
Staff Recommendation
Discuss and take action as appropriate.
Drafter
George Hyde
City Attorney