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After closed session, Cibolo EDC authorizes LOI for Project Freeze and mutual termination of Bravo's Backyard grant; no action on Project Echoes
Summary
In open session following an executive session held under Texas Government Code, the Cibolo EDC authorized staff to negotiate and execute a letter of intent with "Project Freeze," directed staff to prepare a mutual termination of a big grant with Bravo's Backyard, and recorded that no motion was taken on Project Echoes.
After convening an executive session under Texas Government Code sections 551.071 (consultation with attorney), 551.087 (economic development) and 551.072 (deliberations regarding real property), the Cibolo Economic Development Corporation returned to open session and took or recorded action on several items.
The board authorized the EDC chair, EDC staff and general counsel to negotiate and execute a letter of intent with an entity referred to in the meeting as "Project Freeze." In…
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