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Cedar Park Type B board approves amendments to economic development agreement with PG Cedar Park Group
Summary
The Cedar Park Community Development Type B Sales Tax Corporation board voted to approve amendments to its amended and restated economic development performance agreement with PG Cedar Park Group after an executive session for attorney consultation.
The Cedar Park Community Development Type B Sales Tax Corporation board voted on Aug. 12 to approve amendments to the amended and restated economic development performance agreement with PG Cedar Park Group.
The board convened an executive session under the Texas Open Meetings Act for attorney consultation before returning to open session and taking the vote. In opening the closed session, the chair said, “In accordance with chapter 5 5 1 government code, the community development type b corporation board will now convene in closed executive session pursuant to the following provisions of the Open Meetings Act, chapter 5 5 1 of the Texas Government Code.”
The motion to approve the amendments was made and seconded in open session and adopted by voice vote. The transcript records the motion, a second and a voice vote—“All those in favor, say aye. Aye. All those opposed, no. Ayes have it.”—but does not record who moved or seconded or a roll-call tally.
City Attorney’s Office staff had previously explained to the board that performance agreements outline capital improvements and job commitments and include provisions to make the corporation whole if a project does not move forward. As the presenter summarized during the board’s legal overview, “these projects require a performance agreement that outlines the various capital improvements and jobs that must be created with the project and the way that the corporation can be made whole in the event that the project does not move forward.” The presenter also reviewed categories of projects the Type B corporation may fund, including streets, utilities, public safety facilities and certain community development projects.
The transcript does not specify the exact changes included in the approved amendment to the PG Cedar Park Group agreement, nor does it state any timetable for implementation or additional approvals. The record indicates the board used attorney consultation under Texas Government Code chapter 551.071 to discuss legal issues related to the agreement prior to the vote.
No further follow-up actions, reporting deadlines or vote tallies were specified in the public portion of the transcript.
