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Argyle MDD approves up to $250,000 amendment for CDI 60 Hawk LLC economic incentive
Summary
After an executive session, the board approved a motion to amend the CDI 60 Hawk LLC economic development incentive agreement for an amount not to exceed $250,000 and authorized the chair to execute the amendment; the vote passed in open session.
A motion to amend the CDI 60 Hawk LLC economic development incentive agreement for an amount not to exceed $250,000 passed in open session at the Argyle Municipal Development District meeting. The motion was made during the public portion of the meeting after the board convened in executive session to discuss economic development negotiations under Texas Government Code chapter 551.
A board member moved to amend the incentive agreement and authorize the Chair to execute; a second was given and the board voted in favor. The transcript records the board approving the motion in open session.
The amendment was presented as part of items discussed in executive session; the Chair noted that any final action would be taken in public in accordance with the Texas Government Code. The transcript does not include detailed terms beyond the stated not‑to‑exceed amount or the underlying development proposal discussed in executive session.
