Discuss the Performance Agreement for Project No. 2026-01, Entertainment Venue, to promote, develop, and expand business enterprises and to develop and maintain recreational or community facilities in Crowley, pursuant to Section 551.087 - Business Prospect/Economic Development of Texas Local Government Code.

Staff Report & Agenda Item Details

In accordance with Texas Gov't Code § 551.087 a governing body may meet in a closed meeting to discuss certain matters related to economic development. It may discuss commercial or financial information that the governing body has received from certain business prospects. The business prospect must be one that the governing body is negotiating with for economic development purposes to locate, stay or expand in or near the territory of the local entity. Also, under this exception, a governing body may hold a closed meeting to discuss a potential offer of financial or other incentives to the business prospect.