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Balcones Heights EDC approves JLL marketing engagement for Crossroads Mall, appoints George Hyde as counsel
Summary
After an executive session, the Balcones Heights Economic Development Corporation voted unanimously to retain JLL to market its partnership interest in Crossroads Mall (pending commission-structure details) and to appoint George Hyde as legal counsel.
The Balcones Heights Economic Development Corporation voted to engage JLL to market the EDC’s partnership interest in Crossroads Mall and to appoint attorney George Hyde as outside counsel after returning from executive session.
A board member moved “to approve JLL as the agent…pending updates on commission structure and a full proposal,” and a second was recorded; the chair declared the motion passed unanimously. The board later moved and approved the appointment of George Hyde as legal counsel; the chair again declared the motion passed unanimously.
The items were discussed in closed session under Texas Government Code section 551.072 (deliberation regarding real property) and section 551.071 (consultation with attorney). The transcript records that the executive-session topics included the JLL engagement to market the EDC partnership interest in Crossroads Mall and discussion of the engagement of legal counsel.
No contract terms or vote tallies naming individual votes were stated in open session and the formal motions recorded in open session were limited to approval contingent on receiving a full proposal and commission-structure details for JLL and a separate approval for the counsel appointment. The board directed that further details be provided in a forthcoming proposal and commission schedule.
The meeting record does not show additional public discussion of the Crossroads Mall marketing plan in open session; the decision to approve both items followed the executive session and was announced to the full board before the votes were taken.
Next steps indicated in the meeting record include circulating a full JLL proposal with commission-structure details for board review and moving forward with the legal engagement for George Hyde.
