Title
1.) Executive Session Item: Discussions regarding deliberations on economic development negotiations pursuant to Section 551.087 of the Texas Government Code, regarding the lease of real property pursuant to Section 551.072 of the Texas Local Government Code, and to seek legal advice pursuant to Section 551.071 of the Texas Government Code concerning the Amended and Restated Water and Adventure Park Agreement with Typhoon Waterpark of Pflugerville, LLC involving the Hawaiian Falls Waterpark’s transition into a Texas Typhoon Waterpark.
2.) Open Session Item: Discuss and consider action to approve a joint resolution of the City and Pflugerville Community Development Corporation to amend Section 5.2 of the Amended and Restated Water and Adventure Park Ground Lease and Operating Agreement regarding sales price and revising Exhibit C.
Summary
This item has been included on the special meeting agenda to allow for discussion and potential action on the item. The City Council and PCDC Board are expected to retire to executive session for discussion regarding economic development negotiations pursuant to Chapter 551.087 of the Texas Government Code, discussion of real property pursuant to Section 551.072 of the Texas Local 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
To be determined.
Staff Recommendation
Discuss and take action as appropriate.
Drafter
Brandon Wade
City Manager