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IS ITEM ONE, APPROVAL OF THE MINUTES.UH, THIS WOULD BE FROM THE APRIL 2ND, 2024 BOARD MEETING, AND THERE IS A COPY IN YOUR PACKET.
ANY QUESTIONS THERE? PACKET? IS IT WORKING NOW? THERE WE GO.
ANY QUESTIONS ON THE AGENDA? I DON'T, I THINK WE'RE JUST VOTING BY SHOW OF HANDS IS MY GUESS.
I, I AM OPEN FOR A MOTION, MOTION TO APPROVE THE CONSENT AGENDA.
I THINK YOU MEANT MINUTES, BUT SORRY, THE MINUTES FROM THE LAST AGENDA.
I HAVE A MOTION BY DIRECTOR LUCK, AND I'M NOT SURE I HEARD A SECOND BY DIRECTOR MOORE TO APPROVE THE MINUTES FROM THE APRIL 2ND, 2024 MEETING.
UH, ALL THOSE IN FAVOR, PLEASE RAISE YOUR HAND, LET THE RECORD REFLECT THAT IS UNANIMOUS.
NEXT ITEM, ITEM TWO ITEMS FOR INDIVIDUAL CONSIDERATION.
ITEM TWO B, CONSIDER AND TAKE ACTION ON THE PURCHASE OF MULTIPLE TRACKS OF LAND TOTALING APPROXIMATELY 64.053 ACRES LOCATED AT THE INTERSECTION OF PRESIDENT GEORGE BUSH HIGHWAY IN HOLFORD ROAD FOR THE PURCHASE PRICE OF $10,751,720, AND AUTHORIZED THE EXECUTIVE DIRECTOR TO EXECUTE SUCH DOCUMENTS NECESSARY TO COMPLETE THE TRANSACTION.
UH, WE HAVE HAD MULTIPLE, WE TALKED ABOUT THIS LAST NIGHT.
I DON'T BELIEVE WE HAVE A PRESENTATION.
UH, ARE THERE ANY POINTS TO DISCUSS REMAINING? GO AHEAD, SIR.
I DO HAVE SOME ADDITIONAL, UH, UH, ON THIS AGENDA ITEM.
SO, UH, TONIGHT FOR YOUR CONSIDERATION, AS YOU MENTIONED, IS THE AUTHORIZATION FOR THE PURCHASE OF APPROXIMATELY 64 ACRES LOCATED AT THE CORNER OF GEORGE BUSH, TORN GEORGE BUSH TURNPIKE AND HOLFORD ROAD IN NORTH GARLAND.
UH, THE FOUNDATION HAS BEEN PRESENTED WITH A, A UNIQUE OPPORTUNITY TO ACQUIRE THIS PROPERTY, UH, IN A PRIME LOCATION, A PORTION OF WHICH IS ENCUMBERED BY THE CONSERVATION EASEMENT.
UM, STAFF HAS WORKED WITH THE CURRENT OWNERS TO STRUCTURE THIS AGREEMENT TO MAXIMIZE THE PROPERTY USE FOR DIRECT ECONOMIC DEVELOPMENT PURPOSES.
UH, AS YOU MENTIONED, THE PURCHASE PRICE IS APPROXIMATELY 10.7 MILLION AND TAKES INTO ACCOUNT THAT A PORTION OF THIS PROPERTY IS ENCUMBERED.
HOWEVER, UH, THE FOUNDATION AND THE CITY WILL BE ABLE TO USE THAT SPACE FOR THINGS SUCH AS GREEN SPACE, SPORTS FIELD, AND RELEVANT APPURTENANCES TO SUPPORT THOSE.
SO, UH, STAFF RECOMMENDS APPROVAL OF THIS ITEM.
UH, I'LL ASK ONCE AGAIN, IS THERE ANY OTHER DISCUSSION NEEDED ON THIS ITEM? SEEING NONE, I WILL LOOK FOR A MOTION.
CHAIRMAN BURGESS, I HAVE A MOTION BY DIRECTOR HEDRICK SECOND AND A SECOND BY DIRECTOR WILLIAMS TO APPROVE THIS ITEM AS PRESENTED.
ALL THOSE IN FAVOR, PLEASE RAISE YOUR HAND.
LET THE RECORD REFLECT THAT IS UNANIMOUS, AND THAT WAS THE ONE AND ONLY ITEM ON OUR AGENDA, SO ADD SEVEN 12.