Res 180

4.We have been made aware of certain specific actions necessary for the successful procurement of a team and the creation of a stadium for in which to play and we hereby specifically endorse the following actions, subject to negotiation of formal legal agreements :

a. The cooperation of LCRA, LCRAHC, the Port Authority and the City in the creation and use of a stadium specific community improvement district, a transportation development district, and a port improvement district, the Boards of which will be governmentally controlled provided that the Ownership Group will have the right to one board member on each district, all of which will levy a 1% sales tax only in the stadium area to assist with infrastructure and other construction costs as provided in the relevant statutes ;

Sponsor
Department
Board Bill Session
2018-2019
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