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Bee Cave EDC reviews Type B economic-development powers, sets strategic-plan timeline
Summary
At a board training, staff reviewed Type B Economic Development Corporation powers under the Texas Local Government Code, clarified eligible projects and limits on promotional spending, and proposed a timeline to finish a strategic plan ahead of the budget cycle.
The Bee Cave Development Corporation received a training on the scope of Type B economic-development powers under the Texas Local Government Code and set a timetable to begin a strategic plan that will guide the board's budget recommendations.
Julie Pierson, who presented the training and identified herself on the record as the presenter and as holding a role with the City of Taylor, summarized the legal limits and permitted uses for Type B EDC funds. She told the board that Type B authorities allow smaller cities greater flexibility than Type A EDCs to fund certain community and amenity projects, including ‘‘land, buildings, equipment, facilities, and targeted infrastructure and improvements’’ and community amenities such as parks, stadiums, auditoriums, trails and related concessions and parking. Pierson noted that some uses (for example, water supply or cleanup of…
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