FAR EDC approves letters of intent and agreements for multiple projects after executive session
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Summary
After an executive session held under Texas law, the FAR Economic Development Corporation approved letters of intent and other actions related to Project POC, Universal Metals, Project Green, a Venus agreement for FY25–26 and its FY25–26 organization chart.
The FAR Economic Development Corporation voted to approve a series of project actions and administrative items after returning from an executive session called under the Texas Government Code.
The board met at 3:00 p.m. and went into executive session citing Texas Government Code §§551.071–551.087; after the closed session, members approved actions on Project POC, a letter of intent for Universal Metals, Project Green, an agreement labeled “Venus” for the 2025–26 fiscal year and the PDC organization chart.
The board approved the minutes and moved several items by voice vote. The chair (unnamed in the transcript) called for motions or seconds on each item; members responded with “aye” and each motion passed by voice vote. Specific movers and seconders were not identified in the public record portion of the transcript.
Actions recorded in the meeting record include: - Consideration and action remaining on Project POC: motion made and approved after executive session (motion text not specified in the public record). Outcome: approved. - Letter of intent for Universal Metals: motion made and approved after executive session. Outcome: approved. - Consideration and action on Project Green: motion made and approved after executive session. Outcome: approved. - Approval of a “Venus” agreement for fiscal year 2025–26: motion made and approved after executive session. Outcome: approved. - Approval of the PDC organization chart for 2025–26 and naming of officers: the board accepted the chart; the transcript records officer titles as vice chair (Dr. Ambrosio Hernandez), vice chair (Mario Vizcano), secretary (Romeo Cantu) and treasurer (Ray Perez). Outcome: approved.
Each motion was put to a voice vote and passed; no roll-call tallies or individual recorded votes appear in the public portion of the transcript. The meeting adjourned at 3:43 p.m.
The board cited Texas Government Code §§551.071–551.087 when moving to executive session; the transcript does not disclose the substance of the closed deliberations or whether any formal contracts were finalized in closed session. The public record reflects only that the items listed above were approved in open session after the executive session.