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READY?[Special (EDC) Board Meeting]
ALL RIGHT.THE TIME IS SIX OH TWO AND I'M CALL THIS SPECIAL CALLED HEAD OF ECONOMIC DEVELOPMENT CORPORATION.
TYPE A AND TYPE B MEETING TO ORDER.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA.
AND TO THE REBUT FOR WHICH IT STANDS.
ONE NATION UNDER GOD, INVISIBLE WITH LIBERTY AND JUSTICE.
FOR HONOR OF THE TEXAS FLAG, I PLEDGE ALLEGIANCE TO THE TEXAS ONE STATE UNDER GOD ONE.
IS THERE ANYBODY SIGNED UP OR WISHING TO SPEAK? SAYING NONE.
MOVE ON TO ITEM FIVE ONE, OUR CONSENT AGENDA.
CONSIDER OUR APPROVED CORPORATE MINUTES FROM ITS MEETING ON 4 10 20 OF THIS YEAR.
MR. CHAIRMAN, I'LL, UH, MAKE A MOTION TO APPROVE FIVE ONE AS PRESENTED.
WE HAVE A MOTION BY TREASURER LUCAS, A SECOND BY SECRETARY CLANCY, IF WE CAN GET A ROLL CALL PLEASE.
DISCUSS AND APPOINT A NEW VICE CHAIRMAN OF THE BOARD.
I'LL MAKE A MOTION TO APPOINT MR. SEAN LUCAS AS VICE CHAIR.
I WAS GONNA SAY, WHERE'S THE SECOND? JEEZ, YOU GUYS ARE MAKING ME FEEL GREAT.
I, I WILL, UM, ACCEPT THAT POSITION IF NOMINATED FOR IT.
AND, UM, YOU KNOW, I I JUST WANNA LET EVERYBODY KNOW THAT I HAVE A LOT OF YEARS OF, UH, BANKING EXPERIENCE, 14 PLUS YEARS OF BANKING, BEEN PART OF THE BOARD FOR ALMOST THREE YEARS, AND, UM, YEAH, WOULD LOVE THE OPPORTUNITY TO BE THE VICE CHAIR FOR THIS BOARD.
ANY OTHER DISCUSSION? ALL RIGHT.
HEARING NONE, ROLL CALL PLEASE.
LUCAS, DID I VOTE ON THIS? AYE, YES.
EASY ENOUGH ONTO ITEM SIX TWO, DISCUSS AND CONSIDER ACTION TO APPROVE A CONTRACT AMENDMENT WITH G F F TO COMPLETE CONCEPT DESIGN UPDATES FOR THE COTTONWOOD PROPERTIES AND THE PROPOSED MIX USE PROPERTY LOCATED AS THE MEGAS SET.
THAT CONTRACT AMENDMENT WAS NOT RECEIVED PRIOR TO TONIGHT'S MEETING, SO WE HOPE TO HAVE THAT FOR YOU ON THE EIGHTH.
SO WE ARE DAILY PHONING, POSTPONING.
ITEM SEVEN, EXECUTIVE SESSION.
THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE AN EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 51 0 7 1 ATTORNEY CONSULTATION 5 51 0 8 7 ECONOMIC DEVELOPMENT AND 5 51 0 7 2 REAL PROPERTY TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING CITY DETERS PROJECTS, IMPACT AND POTENTIAL BOARDS ROLE RETAIL AND RESTAURANT INCENTIVES.
PENDING LEGAL LITIGATION AGAINST BCL L OF TEXAS PROJECT VER ROMERO PROJECT FIRE ROCK PROJECT STRAP THREE PROJECT N Q2, PROJECT GRACELAND PROJECT TITAN PROJECT SKYBOX PROJECT, POLLY PROJECT, CHICAGO PROJECT E PROJECT CP TWO, THE MEGASITE PROJECT ACQUISITION OF COTTONWOOD DEVELOPMENT CORPORATION PROPERTIES AND ANY NEW PROSPECTS FOR POTENTIAL INCENTIVE EVALUATION AND CONSIDERATION PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 51 74 PERSONNEL TO DELIBERATE THE APPOINTMENT OF A NEW CHAIR, OR EXCUSE ME, A NEW BOARD PRESIDENT CHAIR AND THE DUTIES THAT WAS COPIED AND PASTED.
ALRIGHT, WAIT OFF THE MIC'S ON.
ALL RIGHT, THE TIME IS 7 23 AND WE ARE RETURNING
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FROM EXECUTIVE SESSION ITEM EIGHT ONE.DISCUSS AND CONSIDER ACTION TO APPROVE THE REINSTATEMENT OF THE CONTRACT WITH THE DEVELOPER FOR PROJECT E.
I JUST WROTE DOWN SOME NOTES,
ALL RIGHT, SO I'LL MOVE TO DIRECT STAFF AS WELL TO MEET WITH THE DEVELOPER.
WELL, I, I GUESS, UH, DIRECT STAFF TO PREPARE A CONTRACT AND FOR THE CHAIRMAN AND BOARD MEMBER COLEMAN TO MEET WITH THEM TOMORROW TO DISCUSS, UH, THE TERMS WE TALKED ABOUT IN EXECUTIVE SESSION INVOLVING, UM, A FIVE MONTH DUE DILIGENCE PERIOD, A CLOSE WITHIN 14 DAYS, THE WAIVING OF SURVEY AND TITLE MATTERS AND TO TAKE OUT ANY OTHER CONTINGENCIES IN A CONTRACT AND JUST SIMPLIFY IT IN AN EFFORT FOR SPEED.
DOES THAT SOUND ABOUT RIGHT? I'LL SECOND THAT MOTION.
WE HAVE A MOTION BY BOARD MEMBER SNYDER SECONDED BY VICE CHAIR.
ANY OTHER FURTHER DISCUSSION? ANY, NONE.
ITEM EIGHT TWO DIS UH, DISCUSS AND CONSIDER ACTION FOR DIRECTING STAFF ON THE MARKETING AND DEVELOPMENT PLAN FOR THE 250 ACRES KNOWN AS THE COTTONWOOD PROPERTIES.
UM, THE BOARD IS DIRECTING STAFF TO BRING ALL OFFERS ON RETAIL DEVELOPMENT AFTER I C S C.
WE HAVE A MOTION BY SECRETARY CLANCY, A SECOND BY VICE CHAIR.
UH, LUCAS, UH, ANY DISCUSSION? HEARING NONE.
THERE'S NO OTHER ACTION BE TAKEN THERE.
SO WITH NO OTHER ITEMS ON THE AGENDA, WE ARE ADJOURNED AT 7 26.