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Hutto EDC moves on executive-session directives: issue notice to close on Strat 3, pursue Project Air, draft separation-of-powers language
Summary
Following executive session, the Hutto EDC directed staff to issue notice to close on Strat 3, pursue Project Air under agreed terms, approve an Alliance Bank loan, and asked legal counsel to draft a separation-of-powers resolution; each motion passed unanimously.
After returning from executive session, the Hutto EDC approved multiple directives tied to the matters the board discussed in closed session. The board directed staff to issue notice to close for Strat 3, to pursue Project Air on the terms discussed in executive session, and to proceed with a five‑year loan with Alliance Bank; all motions passed 7–0.
A board member asked legal counsel to draft clear division-of-responsibilities language for future projects so the city attorney and EDC counsel roles are defined; the board approved the request and asked staff to return proposed language at the next meeting. Motions were moved and seconded on the floor and carried unanimously.
