Agenda for Tuesday, September 25, 2007

NOTICE OF MEETING OF
THE NEDERLAND ECONOMIC DEVELOPMENT CORPORATION

PURSUANT TO § 551.041 OF THE OPEN MEETINGS ACT, NOTICE IS HEREBY GIVEN THAT THE NEDERLAND ECONOMIC DEVELOPMENT CORPORATION WILL CONVENE AT 5:30 P.M. TUESDAY, SEPTEMBER 25, 2007 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. RESIGNATION

   Accept the resignation of NEDC Board of Director, Paul Baker.

4. ELECTION OF OFFICERS

   Discuss and take action electing NEDC officers for 2007-2008 as required by the Bylaws.

5. 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 to Shanna Ferro, doing business as The Candle Cottage for the new construction of a retail candle shop to be located at the corner of Boston Avenue and 13th Street, Nederland, Texas.

6. THE CANDLE COTTAGE

   Discuss and take action regarding the expenditure of funds for economic development to Shanna Ferro, doing business as The Candle Cottage for the new construction of a retail candle shop to be located at the corner of Boston Avenue and 13th Street, Nederland, Texas.

7. NEDERLAND CHAMBER LIGHTING COMMITTEE

   Discuss and take action regarding the expenditure of funds for community development as requested by the Nederland Chamber of Commerce Lighting Committee for electrical repairs in Tex Ritter Park due to Hurricane Rita and additional electrical receptacles which will allow for future community projects.

8. LAWN EQUIPMENT

   Discuss and take action regarding the expenditure of funds for community development as requested by the Nederland Police Department for expenditures related to the continued operation and maintenance of various properties within the city limits of Nederland.

9. PRESENTATION

   Presentation of plaques to retiring Board members Larry Ducharme and R.A. "Dick Nugent in recognition of service and dedication to the NEDC Board of Directors.

10. FINANCIAL REPORT

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

11. ^* CLOSED MEETING (EXECUTIVE SESSION)

    A Closed Meeting or Executive Session will now be held pursuant to the following sections of Chapter 551 of the Texas Government Code.

    Section 551.071 - Litigation and/or legal advise
    Section 551.072 - Land
    Section 551.087 - Deliberations regarding Economic Development Incentives

    1. Consultation with NEDC Attorney -Texas Government Code, Chapter 551.071
        
       1. Discuss contemplated litigation.
           
    2. Real Property -Texas Government Code, Chapter 551.072U
        
       1. Discuss potential acquisition, exchange, and/or release of property.
           
    3. Economic Development Negotiations -Texas Government Code, Chapter 551.087
        
       1. Discuss and/or deliberate concerning financial and/or commercial information received from potential business prospects regarding potential economic development incentive(s); and
           
       2. Discuss and/or deliberate the offer of incentive(s) to business prospects.
           

    ^* The items in Executive Session may be discussed and acted on in Open Session

12. RECONVENE

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

13. COMMUNICATION

    Receive comments from President, Board of Directors and Executive Director.

14. 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 Tuesday, September 25, 2007