ADDENDUM ITEM D Consider Railroad Controls Limited Refinance and Bank Transfer of Property 1. Convene in Executive Session to receive legal advice from the Board’s attorney regarding legal issues relating to the Board’s transactions with Railroad Controls Limited an d the Economic Development Corporation’s property located at 7471 Benbrook Parkway , and financing agreements related thereto. 2. Consider requesting a re - plat the Economic Development Corporation’s property located at 7471 Benbrook Parkway , and authorizin g the President and the Executive Director to authorize, prepare and execute all documentation necessary to effectuate such re - platting. 3. Consider requesting financing with Spirit of Texas Bank relating to Economic Development Corporation’s property lo cated at 7471 Benbrook Parkway , approval of pledging all or a portion of such property as collateral for such financing, application of the proceeds of such loan to pay off the Economic Development Corporation’s existing financing relating to the property, and authorization of the President and the Executive Director to negotiate and execute all documentation necessary to facilitate and effectuate such transac
IV. DIRECTOR'S REPORT Review NW Winscott/I-20 Real Estate Closing V. PRESENTATIONS BY BOARD OF DIRECTORS None
ADDENDUM ITEM D Consider Railroad Controls Limited Refinance and Bank Transfer of Property 1. Convene in Executive Session to receive legal advice from the Board’s attorney regarding legal issues relating to the Board’s transactions with Railroad Controls Limited an d the Economic Development Corporation’s property located at 7471 Benbrook Parkway , and financing agreements related thereto. 2. Consider requesting a re - plat the Economic Development Corporation’s property located at 7471 Benbrook Parkway , and authorizin g the President and the Executive Director to authorize, prepare and execute all documentation necessary to effectuate such re - platting. 3. Consider requesting financing with Spirit of Texas Bank relating to Economic Development Corporation’s property lo cated at 7471 Benbrook Parkway , approval of pledging all or a portion of such property as collateral for such financing, application of the proceeds of such loan to pay off the Economic Development Corporation’s existing financing relating to the property, and authorization of the President and the Executive Director to negotiate and execute all documentation necessary to facilitate and effectuate such transac
IV. DIRECTOR'S REPORT Review NW Winscott/I-20 Real Estate Closing V. PRESENTATIONS BY BOARD OF DIRECTORS None