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File #: 19-0392    Version: 1 Name:
Type: E-Session Item Status: Filed with the City Secretary
File created: 3/7/2019 In control: City Council
On agenda: 3/19/2019 Final action: 3/19/2019
Title: Executive Session pursuant to Section Texas Government Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning legal issues related to the provision of incentives pursuant to any previously executed or proposed economic development and/or business incentive agreement(s) between the City and/or related entities and Upper Padre Partners, LP, Gulf Shores Ventures, and/or North Padre Waterpark Holdings, Ltd. and/or past or present assignees, affiliates, creditors or shareholders of any of the aforesaid entities, , including, but not limited to Padre Island Holdings, LLC, Diamond Beach Holdings, LLC, Axys Capital Credit Fund LLC, possible development agreements or other funding mechanisms related to the construction of Park Road 22 bridge and related infrastructure, including, but not limited to, bridges, culverts, canals, sewers, mains, lift stations, pump stations, revetments, pilings, and ditches, and permitting related thereto a...

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Executive Session pursuant to Section Texas Government Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning legal issues related to the provision of incentives pursuant to any previously executed or proposed economic development and/or business incentive agreement(s) between the City and/or related entities and Upper Padre Partners, LP, Gulf Shores Ventures, and/or North Padre Waterpark Holdings, Ltd. and/or past or present assignees, affiliates, creditors or shareholders of any of the aforesaid entities, , including, but not limited to Padre Island Holdings, LLC, Diamond Beach Holdings, LLC, Axys Capital Credit Fund LLC, possible development agreements or other funding mechanisms related to the construction of Park Road 22 bridge and related infrastructure, including, but not limited to, bridges, culverts, canals, sewers, mains, lift stations, pump stations, revetments, pilings, and ditches, and permitting related thereto and pursuant to Texas Government Code § 551.087 to discuss confidential commercial or financial information pertaining to business prospect(s) that the City seeks to have locate, stay or expand in or near the territory of the City and with which the City may conduct economic development negotiations and/or deliberate possible economic development issues concerning said business prospect(s).