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CIDC moves to consider use of sales-tax proceeds for ‘Project Pearl’ after closed session; public hearing draws no speakers
Summary
The Conroe Industrial Development Corporation on Sept. 24 moved to consider using sales-tax proceeds to fund a development incentive agreement for Project Pearl after returning from an executive session on related financial incentives.
The Conroe Industrial Development Corporation on Sept. 24 went into executive session to deliberate financial incentives for the Conroe Convention Center and a hotel project, then reopened its meeting and moved to consider the use of sales-tax proceeds to fund a development incentive agreement regarding Project Pearl.
The board cited Texas Government Code §551.087 when it went into executive session to consider offers of financial incentives and contract…
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