Title
Discuss and consider action by the Board of Directors of the Pflugerville Community Development Corporation to approve a Resolution recognizing May 6 - 11, 2019 as Economic Development Week.
Summary
The item has been included on the agenda to allow for discussion and potential action.
Deadline for Action
N/A
Fiscal Impact
After amendments are made, Income (42600 Typhoon Texas Lease) will increase by 675,000 for FY19. Expenses (89300 Typhoon Texas Investment Reserve) will decrease by $900,000 (no reserve payment for FY19 will need to be made). Net Income will become $3,033,228.62. Also, If approved, the current Typhoon Texas Reserve holding account of 1.8M, will be returned to PCDC.
Staff Recommendation
Discuss and take action as appropriate.
Drafter
Amy Madison, Executive Director