MCDC approves amendments to Craig Ranch Resort Hotel term sheet following executive session
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Summary
After an executive session, the board voted to approve amendments to the Craig Ranch Resort Hotel term sheet; the public meeting recorded the motion, second and that the motion passed but did not disclose executive-session details.
The McKinney Community Development Corporation reconvened from executive session and approved amendments to the Craig Ranch Resort Hotel term sheet.
Board chair reported the executive-session items included economic development matters and then asked for a motion. A motion to approve the amendments was made and seconded; the public record shows the motion was made by Angela and seconded by David Richer and that the board vote passed.
Why it matters: The Craig Ranch Resort Hotel is a named economic development matter on the board’s executive-session agenda. Texas law allows certain negotiations and economic-development discussions to occur in executive session; the board’s public action after the session was limited to approving the term-sheet amendments as presented in executive session.
Public record and confidentiality: The executive session content is not reported in detail in the public transcript; the board’s public action was a single approval motion. No roll-call vote tally or additional details were recorded in the public portion of the meeting minutes presented in the transcript.
Board action: The motion to approve amendments to the Craig Ranch Resort Hotel term sheet passed on voice vote as recorded in the public meeting transcript.