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:	13699

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 Street, Denton, TX

Key Topics and Discussions - Work Session: Review and discussion of incentive request EDP16-058 from 1512 I-35 W, LLC for a new construction project, with the objective of formulating a recommendation to the City Council. - Closed Meeting: Deliberations under Texas Government Code Section 551.087 regarding economic development negotiations and a proposed tax abatement agreement with 1512 I-35 W, LLC, including review of confidential commercial and financial information. - Regular Meeting: Staff reports on the Chamber of Commerce October 2016 EDP Activity Report, an update on the City Council’s October 11, 2016 discussion of the Downtown Reinvestment Grant Program, and Project Peanut Butter. Consideration of the September 21, 2016 meeting minutes (EDP16-037). - Concluding Items: Responses to board/public inquiries, policy recitation, and community interest reports in accordance with Texas Open Meetings Act Sections 551.042 and 551.0415.

Motions, Votes, and Outcomes No meeting transcript or recorded proceedings were provided. Specific motions, voting records, and formal outcomes could not be documented from the available materials.

Decisions Made No decisions could be verified due to the absence of a meeting transcript or approved minutes.

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

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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