After executive session, EDC approves $65,000 incentive for prospect 2025‑1 pending legal review

After returning from executive session on Aug. 25, the Economic Development Corporation approved an incentive package of $65,000 for a business prospect identified in closed session as "prospect 2025‑1." The approval was made by motion, second and voice vote; staff recorded that the action is contingent on legal review and final documentation.

Board action: A board member moved to approve the incentive and another member seconded; the chair called for the vote and the board signaled assent with a voice vote. The chair said "for 65,000 ... Ayes have it." Legal staff was instructed to prepare the formal paperwork and finalize terms before disbursement.

Authority and process: The board convened an executive session under provisions of the Texas Government Code for consultation on economic development negotiations and legal matters (transcript references sections 551.087 and related sections). The board recorded a public action after returning from closed session.

Ending: Staff will complete legal review and prepare the incentive agreement; the board’s public vote authorized the incentive contingent on that review.