Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council expands audit latitude and moves to recoup assets after Onshore fails hiring targets
Summary
Council deleted a bylaw phrase so the Economic Development board can share costs for audits beyond one prior fiscal year, tabled the CEDC budget for further review, ratified a second amended incentive agreement and declared Onshore Technology Services in breach while opting to pursue asset recovery rather than litigation.
The Crockett City Council voted to remove language from the Crockett Economic and Industrial Development Corporation’s bylaws that limited audits to "the previous fiscal year," a change council said will allow shared funding for a forensic audit that reaches back farther than one year.
Councilors debated authority and cost: some members said the council has the authority to amend the CEDC bylaws while others emphasized the corporation’s separate board role. After discussion, a motion to delete the words "for the previous fiscal year" carried on a voice…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
