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EDC directs staff to begin negotiations with Burleson Crossing after executive session
Summary
After a closed executive session citing Texas Government Code sections 551.087 and 551.072, the board reconvened and directed the city manager to begin negotiations with Burleson Crossing (also referenced earlier as Burleson East LLC) on funding to be provided jointly with the city.
The Bastrop Economic Development Corporation board met in closed executive session on March 17 under Texas Government Code sections 551.087 (economic development negotiations) and 551.072 (real property deliberations) to discuss economic development negotiations with Burleson East LLC and real property regarding LS Electric.
When the board reconvened in open session the board chair reported the board directed the city manager to begin negotiations with Burleson Crossing on the funding the EDC and the city will provide for that project. The chair characterized that direction as administrative—staff were instructed to begin negotiations rather than the board taking a public vote authorizing specific incentive terms in open session.
The transcript records the executive session citations and the reconvened statement directing staff to negotiate; no specific financial terms or real property details were disclosed in the public portion of the meeting.
