Discuss and consider an amendment to the EDC Performance Agreement with Four Train Days pursuant to Texas Gov’t Code § 551.087 – Business Prospect/Economic Development

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.