[00:00:03]
TODAY IS MONDAY, OCTOBER 2ND, 2023.
[1. CALL TO ORDER]
WE'LL NOW CALL THE JERSEY CITY DEVELOPMENT AUTHORITY M C D A MEETING TO ORDER AT 5:32 PM ITEM NUMBER TWO, OUR PUBLIC COMMENTS, THE SECRETARY.DO WE HAVE ANY PUBLIC COMMENTS NOW, MR. MAYOR? WE DO NOT.
ITEM NUMBER THREE ARE DISCUSSION AND POSSIBLE ACTION.
[(a) Consideration and Possible Action - Authorize the execution of a devel...]
CONSIDERATION AND POSSIBLE ACTION TO AUTHORIZE THE EXECUTION OF A DEVELOPMENT AGREEMENT BETWEEN TAX INCREMENT RIVER REINVESTMENT ZONE NUMBER TWO, UH, CITY OF MISSOURI CITY, TEXAS, AND THE MISSOURI CITY DEVELOPMENT AUTHORITY AND RESERVE B PROP L L C FOR THE PROJECT CAUSE RELATED TO THE TRAFFIC LIGHT AND CAPITAL CAUSE FOR A COMMERCIAL PROJECT TO BE LOCATED AT THE SOUTHEAST CORNER OF STATE HIGHWAY SIX IN WICKBURG.UH, WE HAVE A PRESENTATION BY HERMAN RODRIGUEZ.
GOOD EVENING, MAYOR AND COUNCIL, M C D A COMMITTEE MEETING.
UM, WHAT WE ARE GOING OVER IS THE FOUR PARTY DEVELOPMENTAL AGREEMENT BETWEEN THE CITY DET TO M C D A AND RESERVE B PROP CO, L L C A SUBSIDIARY OF STEIN.
UM, THEY OWN THE COMMERCIAL DEVELOPMENT IN FRONT OF THE RESIDENTIAL DEVELOPMENT ON HIGHWAY SIX FRONTAGE AND THIS ALLOWS FOR REIMBURSEMENT OF THE RESERVE B PROP COMPANY PORTION OF THE TRAFFIC LIGHT.
IS THERE A MOTION? I SEE A MOTION BY CONST LAUER.
IS THERE A SECOND? NOT WORKING.
GOT SECOND BY CONST RILEY, UH, ARE THERE ANY DISCUSSION? OKAY, SO I WOULD UH, LEMME PLACE MYSELF IN THE QUEUE.
UM, HERMAN, SO, UH, WITH THE APPROVAL OF THIS, THEY WILL, THIS IS THE, UM, DINER SIGN LIGHT, INTERSECTION LIGHT MM-HMM.
IT'S THE EPIC AGREEMENT THAT WE'VE BEEN GOING ON WITH, UM, STEIN AND A PREVIOUS PARTY THAT WE REMOVED.
AND SO WE'RE USING THE COMMERCIAL, UH, SUBSIDIARY FOR STEIN.
SEEING NO ONE ELSE ON THE QUEUE OR I'M COUNCIL, SORRY FOR OUR
HAS THIS CHANGED SOMEHOW SINCE OUR LAST MEETING OR IS THIS WHAT WE DISCUSSED? IS THIS EXACTLY WHAT WE DISCUSSED IN OUR, I KNOW WE HAD AN ENCLOSED EXECUTIVE SESSION, SO I THINK YOU MAY BE THINKING OF A DIFFERENT AGREEMENT YES.
WITH A DIFFERENT AT, AT, AT VICKSBURG AND, AND SIX.
SAME AREA, BUT DIFFERENT DEVELOPER.
THE MOTION CARRIES SIX TO THREE, YOUR HONOR.
UM, ALRIGHT, SO ITEM NUMBER SIX IS TO ADJOURN.
UH, TIME IS 5:36 PM WE'LL GO AHEAD AND ADJOURN THIS MEETING AND WE'LL BE BACK TO CITY COUNCIL SPECIAL MEETING AT 5:45 PM.