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MEDC board weighs renegotiating 99‑year MOU that commits 90% of sales tax; hears childcare study pitch
Summary
Board members discussed the long‑standing MOU that commits 90% of MEDC sales tax to the city for a 160‑acre municipal complex and explored options to renegotiate terms, hire an economic development director, and proactively pursue RFPs; Next Move Group presented a childcare‑capacity study approach estimated at about $5,000.
The Manvel Economic Development Corporation used substantial meeting time to discuss long‑term strategy, including whether to revisit a 99‑year memorandum of understanding (MOU) that directs 90% of MEDC sales‑tax revenues to the city to develop a 160‑acre municipal complex (project 2020‑02).
Board members described the MOU as longstanding and "inherited." A board speaker summarized the termination mechanics: either the MEDC or the city may terminate the agreement with one year’s written notice, but pledged funds already committed to bonds or other obligations remain payable until those…
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