Agenda for Monday, August 18, 2003

NOTICE OF MEETING

NOTICE IS HEREBY GIVEN THAT THE NEDERLAND ECONOMIC DEVELOPMENT CORPORATION WILL CONVENE AT 5:30 P.M. MONDAY, AUGUST 18, 2003 AT THE NEDERLAND ECONOMIC DEVELOPMENT CORPORATION OFFICE, 1903 ATLANTA AVENUE, NEDERLAND, TEXAS, FOR THE FOLLOWING PURPOSES:

1. CALL THE MEETING TO ORDER
    
2. APPROVE THE MINUTES OF PREVIOUS MEETING
    
3. PUBLIC HEARING (5:30 P.M.)

   Conduct a public hearing for the purpose of receiving comments regarding the potential expenditure of funds for economic development incentives for International Specialty Products, a synthetic rubber manufacturing facility at 1215 Main, Port Neches, Texas.

4. MANUFACTURING FACILITY

   Discuss and take action on the expenditure of funds for economic development incentives for International Specialty Products, a synthetic rubber manufacturing facility at 1215 Main, Port Neches, Texas.

5. PUBLIC HEARING (5:30 P.M.)

   Conduct a public hearing for the purpose of receiving comments regarding the potential modification of funds previously approved for economic development incentives for Brian K. and Elizabeth A McLain, doing business as Vacuum City, for the development of a strip center at 3316 Highway 365.

6. RETAIL STRIP CENTER

   Discuss and take action on the expenditure of additional funds for economic development incentives for Brian K. and Elizabeth A McLain, doing business as Vacuum City, for the development of a strip center at 3316 Highway 365.

7. RESCIND

   Discuss and take action on grant previously awarded to ACI Building Systems, Inc.

8. FINANCIAL REPORT

   Review and discuss current financial status of the Nederland Economic Development Corporation.

9. UPDATES

   Review and discuss current projects.

10. EXECUTIVE SESSION

    The Board of Directors will announce that it will go into Executive Session, pursuant to Chapter 551 of the Texas Government Code, to discuss matters as specifically listed on the agenda.

    Real Property - Texas Government Code, Chapter 551.072

    
    Discuss acquisition, exchange, and/or release of property.

    Economic Development Negotiations - Texas Government Code, Chapter 551.087

    
    Discuss the offer of an incentive to a business prospect.
     

11. RECONVENE

    Reconvene into regular session and consider action, if any, on items discussed in Executive Session.

12. COMMUNICATION
     
    1. Executive Director's report
    2. Announcements
        
13. ADJOURN

THE NEDERLAND ECONOMIC DEVELOPMENT CORPORATION IS COMMITTED TO COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT, REASONABLE MODIFICATIONS AND EQUAL ACCESS TO COMMUNICATIONS WILL BE PROVIDED UPON REQUEST.

END Agenda for Monday, August 18, 2003