The Fulshear Development Corporation considered whether to fund a portion of a planned economic development update by TIP Strategies on Nov. 10, with staff saying the board previously authorized a study not to exceed $75,000 and that contract terms are valid for 180 days.

Why it matters: The study is intended to refresh the City’s economic development strategy; board members debated how much the A board should contribute and whether a 50/50 split with the B board is fair given differing local benefits and pressing infrastructure needs.

Staff member (Speaker 2) said the contract has been submitted for legal review and that "the terms of this are valid for a hundred and 80 days." Board members discussed timing and cost-sharing: one member said "I'm against 50 50" arguing the A board receives less benefit from the study and has near-term capital needs the board would rather fund directly (east-side drainage projects were cited). Another board member urged compromise and moved that "the A board funds this study for to the amount of $25,000." The motion was seconded.

The minutes record board voting after the motion, but the final tally on the record is unclear: a participant later stated "4 nays," and staff confirmed that count, though no clear roll-call in the transcript ties names to the recorded yes/no counts. The minutes do not show a signed, unambiguous result for this motion; staff and board members then proceeded to the next agenda item.

What happened next: Staff said they would check TIP Strategies' calendar and the contract review status so the study could be scheduled. Board members asked staff to include the study for council review and to consider staggering start dates if council membership changes after the election.

Next steps: Staff will report back on contract review, scheduling with TIP Strategies and will include any funding confirmations on a future agenda.