Oct 12, 2016 Economic Development Partnership Board on 2016-10-12 11:00 AM

Meeting Details

Meeting Date:	October 12, 2016
Board:	Economic Development Partnership Board
Video ID:	13605

Has Transcript:	Yes
Has Agenda:	Yes

Source Video Agenda URL

AI Summary by Dentron 3000

Meeting Summary: Economic Development Partnership Board Date: October 12, 2016 | Time: 11:00 AM | Location: Denton Public Safety Training Facility, Conference Room A, 719 E. Hickory, Denton, TX

Key topics and discussions: The meeting agenda outlined the following items for consideration: - Work Session: Review of an incentive request from 1512 I-35 W, LLC for a new construction project, with intent to discuss and formulate a recommendation to the City Council (EDP16-058). - Closed Meeting: Deliberations regarding a proposed tax abatement agreement with 1512 I-35 W, LLC, including review of submitted commercial and financial information (EDP16-059). - Regular Meeting: Staff reports on the Chamber of Commerce October 2016 EDP Activity Report, an update on the City Council’s October 11 discussion of the Downtown Reinvestment Grant Program, and Project Peanut Butter (EDP16-060). Consideration of the September 21, 2016 meeting minutes (EDP16-037). - Concluding Items: Public inquiries and community interest reports in accordance with Texas Open Meetings Act provisions.

Motions, votes, and outcomes: No motions, votes, or outcomes were documented in the provided transcript.

Decisions made: No decisions were recorded in the provided materials.

Action items or next steps: No action items were documented. Per the agenda, the Board was scheduled to prepare a recommendation to the City Council regarding the 1512 I-35 W, LLC incentive request following the work session and closed meeting deliberations.

Transcript

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Agenda

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                    City of Denton City Hall
215 E. McKinney St.
Denton, Texas 76201
www.cityofdenton.com
Meeting Agenda
Economic Development Partnership Board
Wednesday, October 12, 2016 11:00 AM Denton Public Safety Training Conf. Rm A, 719
E. Hickory
After determining that a quorum is present, the Economic Development Partnership Board of the City
of Denton, Texas, will convene in a Work Session on Wednesday, at 11:00 a.m. in the Public Safety
Training Facility, Conference Room A at City Hall East, 719 E. Hickory Street, Denton, Texas at which
the following items will be considered:
1. WORK SESSION
A. EDP16-058 Receive a report, hold a discussion, and make a recommendation to the City
Council regarding an incentive request from 1512 I-35 W, LLC for a new
construction project.
Following the completion of the Work Session, the Economic Development Partnership Board will
convene in a Closed Meeting to consider specific items when these items are listed below under the
Closed Meeting section of this agenda. The Economic Development Partnership Board reserves the
right to adjourn into a Closed Meeting on any item on its open meeting agenda consistent with Chapter
551 of the Texas Government Code, as amended, or as otherwise allowed by law.
1. CLOSED MEETING
A. EDP16-059 Deliberations regarding Economic Development Negotiations - Under Texas
Government Code Section 551.087.
Receive a report and hold a discussion regarding a proposed tax abatement
agreement between the City of Denton and 1512 I-35 W, LLC. This discussion shall
include commercial and financial information the City Council has received from
1512 I-35 W, LLC, a business prospect which the City Council seeks to have locate,
stay, or expand in or near the territory of the city, and with which the Economic
Development Partnership Board is conducting economic development negotiations;
deliberate the tax abatement agreement between the City of Denton and 1512 I-35
W, LLC.
Following the completion of the Closed Meeting, the Econom…
                    
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