4.A Consideration and possible action regarding the minutes from December 30, 2019 Cottonwood Board of Directors meeting. (Cheri Bowman) 4.B Consideration and possible action regarding the minutes from January 27, 2020 Cottonwood Board of Directors meeting. (Cheri Bowman) 4.C Consideration and possible action regarding the minutes from February 10, 2020 Cottonwood Board of Directors meeting. (Cheri Bowman)
Consider and approve an agreement with the Bojorquez Law Firm, P.C. to serve as General Counsel for the Cottonwood Development Corporation and authorize the Chairman to execute the agreement and authorize the Chairman to notify McGinnis Lochridge, Austin, Texas of the termination of legal services provided by McGinnis Lochridge.
4.E Consider and acknowledge the receipt of the disbursement of funds for the Project, (Mixed Use Development and related public infrastructure and facilities) pursuant to the Loan Agreement, (Loan Agreement), between Cottonwood Development Corporation, a Texas nonprofit corporation as Borrower and Preston Hollow Capital, LLC, a Delaware limited liability company as Lender, dated February 13, 2020 pursuant to Article III, Section 3.1 as follows: a. Approximately $1,100,000.00 to reimburse contractors for costs related to the Project; and b. Approximately $1,070,000 for expenses that City has incurred or will incur as with regard to due diligence costs related to the Project. 4.F Consider and approve payment of invoices submitted by Legacy PG Development, LLC or Legacy Hutto, LLC, to reimburse contractors for costs incurred and related to the Project not to exceed $1,100,000 from funds received by Preston Hollow from the Loan Agreement. 4.G Consider and approve an amount not to exceed $ 1,070,000 to reimburse the City pursuant to the Loan Agreement for costs incurred and related to the Project.
4.H Consider and approve a professional services agreement with P3 Works for Public Improvement District and Tax Increment Reinvestment Administrative Services for the Project and authorize the Chairman to execute the agreement. 5. ADJOURNMENT
Apr 30, 2020 Cottonwood LGC
4.A Consideration and possible action regarding the minutes from December 30, 2019 Cottonwood Board of Directors meeting. (Cheri Bowman) 4.B Consideration and possible action regarding the minutes from January 27, 2020 Cottonwood Board of Directors meeting. (Cheri Bowman) 4.C Consideration and possible action regarding the minutes from February 10, 2020 Cottonwood Board of Directors meeting. (Cheri Bowman)
Consider and approve an agreement with the Bojorquez Law Firm, P.C. to serve as General Counsel for the Cottonwood Development Corporation and authorize the Chairman to execute the agreement and authorize the Chairman to notify McGinnis Lochridge, Austin, Texas of the termination of legal services provided by McGinnis Lochridge.
4.E Consider and acknowledge the receipt of the disbursement of funds for the Project, (Mixed Use Development and related public infrastructure and facilities) pursuant to the Loan Agreement, (Loan Agreement), between Cottonwood Development Corporation, a Texas nonprofit corporation as Borrower and Preston Hollow Capital, LLC, a Delaware limited liability company as Lender, dated February 13, 2020 pursuant to Article III, Section 3.1 as follows: a. Approximately $1,100,000.00 to reimburse contractors for costs related to the Project; and b. Approximately $1,070,000 for expenses that City has incurred or will incur as with regard to due diligence costs related to the Project. 4.F Consider and approve payment of invoices submitted by Legacy PG Development, LLC or Legacy Hutto, LLC, to reimburse contractors for costs incurred and related to the Project not to exceed $1,100,000 from funds received by Preston Hollow from the Loan Agreement. 4.G Consider and approve an amount not to exceed $ 1,070,000 to reimburse the City pursuant to the Loan Agreement for costs incurred and related to the Project.
4.H Consider and approve a professional services agreement with P3 Works for Public Improvement District and Tax Increment Reinvestment Administrative Services for the Project and authorize the Chairman to execute the agreement. 5. ADJOURNMENT