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Court reviews certificate of formation and counsel engagement for proposed development corporation
Summary
County attorneys and staff presented certificate-of-formation documents and resolution language for a proposed development corporation; counsel (Mr. Fox) was proposed to assist with filing and will be engaged under an official engagement letter.
County legal staff and outside counsel outlined the certificate of formation and governing documents for a proposed local development corporation. Staff said the entity would be a public entity governed by the Government Code, with the commissioners serving as the board of directors; the corporation would pursue economic development tools such as bonds and grants as the court directs. Counsel and staff said the certificate of formation…
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