Recess into Closed Session in compliance with Section 551.001 et. seq. Texas Government Code, to wit;
Section 551.071. Meeting with City Attorney regarding a matter(s) in which the duty of the City Attorney under the Texas Disciplinary rules of Professional Conduct of the State Bar of Texas conflicts with the Open Meetings Act regarding:
Receive legal advice regarding the proposed Master Development Agreement For Facilities and Related Improvements by and between City of Frisco, Texas and Blue Star Stadium, Inc., Blue Star HQ, Inc. and Blue Star Frisco, LP.
Reconvene into Regular Session and take any action necessary as a result of the Closed Session.
REGULAR AGENDA
Consider and act upon the proposed Master Development Agreement For Facilities and Related Improvements by and between City of Frisco, Texas and Blue Star Stadium, Inc., Blue Star HQ, Inc. and Blue Star Frisco, LP. and the Resolution authorizing the City Manager to execute the same.
Consider and act upon approval of the Frisco Economic Development Corporation and the Frisco Community Development Corporation to execute and deliver the Master Development Agreement by and among Blue Star Stadium, Inc., Blue Star HQ, Inc., Blue Star Frisco, LP. and the City of Frisco, Texas, the Frisco Economic Development Corporation, the Frisco Community Development Corporation and to take all action necessary to perform the obligations stated in the Master Development Agreement.
Consider and act upon approval of the expenditure of funds by the Frisco Economic Development Corporation and the Frisco Community Development Corporation to perform all the obligations required under the Master Development Agreement by and among Blue Star Stadium, Inc., Blue Star HQ, Inc., Blue Star Frisco, LP. and the City of Frisco, Texas, the Frisco Economic Development Corporation, the Frisco Community Development Corporation and to approve the obligations of the Master Development Agreement as a program of each Corporation, pursuant to Texas Local Government Code, Section 501.073.