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Crockett council approves resolution to accept CEIDC asset transfer and authorize wind-up
Summary
The council voted to accept management and assets from the CEIDC and authorized preparation and execution of documents to wind up the corporation and distribute assets under state law after prior delays left contracts and obligations at risk.
The Crockett City Council approved a resolution accepting termination of the CEIDC and authorizing the city to take custody of the corporation's assets and manage remaining obligations, directing staff to prepare and execute documents necessary to wind up the CEIDC in accordance with state law.
Council members referenced a previous meeting where a resolution (RO225) had been approved…
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