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[River Creek Corporation and the Cottonwood Development Corporation]

[00:00:03]

31 CALL THIS JOINT MEETING OF THE RIVER CREEK DEVELOPMENT CORPORATION AND COTTONWOOD DEVELOPMENT CORPORATION TO ORDER A FIRST ITEM IS ROLL CALL, I GUESS WE'LL DO RIVER CREEK FIRST, UH, CHAIRMAN GORDON HERE.

UH, I REMEMBER AVERAGE MENDEZ BOARD MEMBER THORNTON IS HERE.

ALL MEMBERS PRESENT, UH, THE COTTONWOOD CORPORATION, UH, BOARD MEMBER FIGURE OUT SABA HERE, A BOARD MEMBER, IRIS MENDEZ HERE, AND BOARD MEMBER THORNTON, ALL THREE MEMBERS PRESENT.

UH, PUBLIC COMMENT DOES NOT APPEAR.

WE HAVE ANY PUBLIC COMMENTS MOVE ON TO THE CONSENT AGENDA.

UM, ITEM FOUR, DOT ONE, A JOINT RESOLUTION OF THE COTTONWOOD DEVELOPMENT CORPORATION AND THE RIVER CREEK DEVELOPMENT CORPORATION, BOTH LOCATED IN HEDO TEXAS, AUTHORIZING THE KASAB LAW FIRM TO TAKE ALL APPROPRIATE LEGAL ACTION TO ASSERT CLAIMS AGAINST MCINNIS LOCKRIDGE PARTNER, MICHAEL PARTNER, BILL BINGHAM, AND OTHERS AS NECESSARY TO RECOVER DAMAGES RESULTING FROM THE WRONGDOING IN THE COURSE OF PROVIDING THE LOCAL GOVERNMENT CORPORATIONS OF HEDO TEXAS WITH LEGAL SERVICES, AUTHORIZING THE CHAIR OF EACH CORPORATION TO ENTER INTO AND EXECUTE THE JOINT CONTINGENT FEE ENGAGEMENT AGREEMENT SO THAT IT MAY BE SUBMITTED FOR APPROVAL TO THE TEXAS ATTORNEY GENERAL'S OFFICE.

THE PUBLIC NOTICE REQUIRED UNDER A TEXAS LOCAL GOVERNMENT CODE SECTION 2, 2 5 FOUR.ONE 0 3 6 IS ATTACHED HERE TOO, AND INCORPORATED BY REFERENCE AS EXHIBIT A, UM, YEAH, WE HAVE TO DO THIS CORPORATION BY CORPORATION, RIGHT? SO, SO MOVE FOR COTTONWOODS.

I'M LOU FROM RIVER CREEK.

HOW'S THAT? I'LL SECOND FOR BOTH CORPORATIONS.

AND I HAD A QUESTION.

I NOTICED THAT WE DID HAVE AN ITEM 5.1 TO RECEIVE LEGAL ADVICE, WHICH APPEARS TO BE ON THIS.

DID WE NEED TO GO INTO EXECUTIVE SESSION FIRST OR ARE WE GOOD TO, UH, PREVIOUS STEP AFTER THIS ISSUE BEFORE THIS? JUST IN CASE.

OKAY.

RIGHT NOW I'M GOOD.

I THINK I'VE GOT THE INFORMATION THAT I'VE BEEN NEEDING.

I DIDN'T KNOW IF THERE WAS ADDITIONAL THAT I HADN'T RECEIVED YET, SO.

OKAY.

IS THERE ANYBODY WHO WISHES TO GO INTO EXECUTIVE SESSION OR ARE WE READY TO VOTE? I'M GOOD.

OKAY.

LET'S CALL THE BOOK FIRST FOR RIVER CREEK.

UM, I'M ALSO CHAIRMAN GORDON BOARD MEMBERS, MENDEZ AYE, BOARD MEMBER THORNTON.

AYE.

MOTION PASSES, THREE ZERO A COTTONWOOD DEVELOPMENT CORPORATION, BOARD MEMBER, VEIL, SALVO BOARD MEMBER HOURS, MENDEZ BOARD MEMBER THORNTON.

AYE.

MOTION PASSES THREE ZERO A.

WE'RE NOT GOING INTO EXECUTIVE SESSION UNDER ITEM FIVE AT ALL, OR SKIPPING EVERYTHING SO SORRY, WHICH WILL BE RETURNING TO OPEN SESSION.

SO YOU CAN ADJOURN THE RIVER CREEK DEVELOPMENT CORPORATION AND WE HAVE .

OKAY.

OKAY.

SO, OKAY.

SO AT 5 34, WE WILL ADJOURN THE RIVER CREEK DEVELOPMENT CORPORATION MEETING AND THEN 5 34.

WE WILL FIVE, THREE, RIGHT.

ACTUALLY I HAVE TO READ FIVE EXECUTIVE SESSION.

SO I'M EXCUSED.

RIGHT? I'M GET, I DIDN'T WANT TO LEAVE WITHOUT.

OKAY.

THANK YOU.

UH, EXECUTIVE SESSION, THE RIVER CREEK DEVELOPMENT CORPORATION AND COTTONWOOD DEVELOPMENT CORPORATION.

OKAY.

SO THE COTTONWOOD DEVELOPMENT CORPORATION RESERVES THE RIGHT TO A JOURNEY THROUGH EXECUTIVE SESSION OR ANYTIME DURING THE COURSE OF THIS MEETING TO DISCUSS ANY OF THE MATTERS LISTED ABOVE AS AUTHORIZED BY THE TEXAS GOVERNMENT CODE SECTIONS 5 5 1 9 0 7 1 LITIGATION CONSULTATION WITH ATTORNEY 5 5 1 0 7 TO DELIBERATIONS REGARDING REAL PROPERTY 5 5 1 0 7 3 DELIBERATIONS REGARDING GIFTS AND DONATIONS 5 5 1 0 7 FOR DELIBERATIONS REGARDING PERSONNEL MATTERS OR 5, 5 1 DASH 0 7 6 DELIBERATIONS REGARDING DEPLOYMENT IMPLEMENTATION OF SECURITY PERSONNEL OR DEVICES AND FIVE, FIVE, ONE.ZERO EIGHT SEVEN DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS.

UH, SO WE WILL, YOU CAN ALSO READ ON NUMBER FIVE RD AND UNDER ITEM FIVE, THREE REGARDING LONGHORN TITLE COMPANY VERSUS PRESTON HOLLOW CORPORATION AT ALL PENDING AND WILLIAMSON COUNTY DISTRICT COURT PURSUANT TO 5 5 1 9 0 7, 1 OF THE TEXAS GOVERNMENT CODE TO DELIBERATE AND SEEK THE ADVICE OF ITS ATTORNEYS REGARDING THIS MATTER 5 35.

WE ARE GOING TO MOVE INTO EXECUTIVE SESSION GOING BACK THERE WITH STAYING HERE.

[00:05:02]

OKAY.

AT 5:49 PM, WE WILL RETURN FROM EXECUTIVE SESSION.

NO ACTION WAS TAKEN IN AN EXECUTIVE SESSION.

UM, WE HAVE NO ACTION TO TAKE AFTER EXECUTIVE SESSION.

SO AT 5:49 PM, WE WILL ADJOURN.

THANK YOU.