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Forney approves economic incentive agreement with Forney Legacy Holdings LLC for EVO Entertainment project
Summary
The council approved a resolution authorizing an expenditure under Texas Local Government Code §501.073 and an economic incentive and performance agreement between the Forney EDC and Forney Legacy Holdings LLC to support the EVO Entertainment development.
The Forney City Council on Tuesday approved a resolution authorizing an expenditure under Texas Local Government Code Section 501.073 and an economic incentive and performance agreement between the Forney Economic Development Corporation and Forney Legacy Holdings LLC, the development company behind an EVO Entertainment project.
Chris Hips of Direct Retail Partners and Mitch Roberts, owner of EVO Entertainment, addressed the council during discussion, thanking city staff and the Forney Economic Development Corporation for their assistance in advancing the project. "This is our first time to develop in Forney," Hips said, and Roberts described the company name Forney Legacy Holdings LLC as reflecting a family connection to the community.
The agenda item was presented as a consent item (item 3). After brief public remarks from the developers, the council voted to approve the resolution. The motion to approve consent agenda item number 3 was made by Councilmember Schlenzker and seconded by Ms. Elgato; the motion passed by the council's voice vote.
The staff presentation identified the statutory authority for the expenditure as Section 501.073 of the Texas Local Government Code, which governs economic development corporation expenditures. The agenda item description named Forney Legacy Holdings LLC and the Forney Economic Development Corporation as parties to an economic incentive and performance agreement; specific dollar amounts or performance benchmarks were included in the contract attachments but were not read into the record during the meeting.
No amendments or conditions to the agreement were recorded at the time of the vote. The city manager and EDC staff will handle final execution and any follow-up reporting under the agreement's terms.
The council approved the item as part of the consent agenda; following the vote the meeting proceeded to the city manager's report and additional items on the agenda.
