[00:00:03]
[(EDC) Board Meeting/(CDC) Board Meeting]
ALRIGHT, THE TIME IS SIX 30 AND I CALLED THIS SPECIAL CALL TO TITLE ECONOMIC DEVELOPMENT CORPORATION, TYPE A AND TYPE B BOARD OF DIRECTORS MEETING TO ORDER.PRESENT VICE CHAIR LUCAS PRESENT.
PRESENT BOARD MEMBER THOMPSON.
PRESENT BOARD MEMBER OWENS, DO YOU HAVE A QUORUM? I HONOR THE PLEDGE.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS.
ONE NATION UNDER GOD, INDIVISIBLE, LIBERTY AND JUSTICE FOR ALL T TEXAS.
FLAG PLEDGE ALLEGIANCE TO THE TEXAS ONE STATE UNDER GOD.
ALRIGHT, DO WE HAVE ANYBODY SIGNED UP FOR A PUBLIC COMMENT? NO, SIR.
WITH THAT WE'LL MOVE ON TO ITEM FIVE, EXECUTIVE SESSION.
THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE AN EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0 7 1 ATTORNEY CONSULTATION 5 5 1 0 8 7 ECONOMIC DEVELOPMENT AND 5 5 1 0 7 2 REAL PROPERTY DELIBERATE AND SEEK LEGAL ADVICE REGARDING SPINE ROAD CONSTRUCTION PROJECT MAKE SET PROJECT PROJECT SKY BOX PROJECT C WILL PROJECT TIGHTEN PROJECT STRAT THREE PROJECT FLEX AND THE TIGHT NOTICE OF DEFAULT THE TIME IS 6 32.
THE TIME IS 7 49 AND THE EDC HAS RETURNED FROM EXECUTIVE SESSION ITEM 6.1, DISCUSS AND CONSIDER ACTION REGARDING THE TITAN NOTICE OF DEFAULT.
I WOULD LIKE TO MAKE A MOTION TO DIRECT LEGAL COUNSEL TO PROCEED AS DISCUSSED IN AN EXECUTIVE SESSION.
WE HAVE A MOTION BY SECRETARY COL CLANCY TO PROCEED, UH, OR FOR LEGAL COUNSEL TO PROCEED AS DISCUSSED IN EXECUTIVE SESSION.
SECONDED BY, UM, BOARD MEMBER THOMPSON.
SO ITEM SIX TWO, DISCUSS AND CONSIDER ACTION ON ANY ITEM DISCUSSED IN EXECUTIVE SESSION.
I WOULD MOVE TO AUTHORIZE, UH, CORPORATION STAFF AND LEGAL COUNSEL TO PURSUE DISCUSSIONS WITH TITAN, UH, TO BRING BACK PROPOSALS, UH, TO THE BOARD FOR FINAL APPROVAL.
WE HAVE A MOTION BY BOARD MEMBER MITTEN, SECONDED BY SECRETARY CLANCY.
THIS IS FOR STAFF AND COUNSEL TO ENGAGE IN DISCUSSIONS WITH, UH, TITAN.
OPEN UP DISCUSSION HEARING NUNN ROLL CALL PLEASE.
FUTURE AGENDA ITEMS. OPEN UP FOR DISCUSSION FOR ANYTHING THAT NEEDS TO BE ON THE NEXT AGENDA.
YOU GOT THE ONES FROM LAST WEEK AND WE'RE GONNA, WE'RE GONNA TALK ABOUT THEM ON MONDAY, RIGHT? YES SIR.
CAN WE GET AN AGENDA ITEM FOR AN UPDATE ON HOW IT'S GOING WITH, UH, SELECTING A, UH, DEVELOPER FOR THE COTTONWOOD PROPERTIES FROM THE, UH, HOPEFULLY THAT WILL BE ON FOR ACTION ON MONDAY NIGHT.
ALRIGHT, WITH THAT BEING SAID, HEARING NONE OR NO OTHER ITEMS, WE ARE ADJOURNED AT 7 52.