Summary

City Council holds first reading on EDC settlement agreement for Velasco town site; no vote taken

FreeportApr 15, 20262 min read

At a glance

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At a special meeting on April 15, 2026, Freeport City Council held a first reading of Resolution No. 2026-3042—an Economic Development Corporation (EDC) settlement agreement addressing property reversion, foreclosure disputes, and obligations for infrastructure and residential development in the Velasco town site. No action was taken; a second reading and vote were scheduled for Monday. Council discussion focused on cost allocation, developer responsibilities, title/reverter issues, and adequacy of due diligence.

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Economic Development

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City Council

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TransportationBudget & TaxPublic SafetyCommerceHousing

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Key decisions

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First reading of Resolution No. 2026-3042 (EDC Settlement Agreement) presented; no action taken at this meeting.
Second reading and vote to occur on Monday (date not specified in the minutes) with EDC legal counsel expected to attend.
City Manager reported there were no matters subsequent to posting.
Council did not convene in Executive Session.
Motion to adjourn passed 5-0; meeting adjourned at 6:38 P.M.

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Meeting information

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Special City Council Meeting

Apr 15, 2026, 6:00 PM430 North Brazosport Blvd., Council Chamber, Freeport Texas 77541completed

Agenda

1: Call to Order:
A. Call to Order - Jerry Cain, Mayor
Decision: Call to Order:
B. Invocation - Councilman
Decision: Call to Order:
C. Pledges - Pledge of Allegiance to the United States; Pledge of Allegiance to the State of Texas.
Decision: Call to Order:
D. Matters Subsequent to Posting.
Decision: Call to Order:
E. Audience Participation – Anyone who has registered to speak prior to the meeting being called to order and desires to address the City Council will be heard at this time, or during the discussion of an item listed on the agenda. These forms are located by the City Secretary. After completing the form, give it to the City Secretary. She will give it to the Mayor. The Mayor will call on you when that item is presented, once a motion has been made by Council then public participation will not be allowed. You will have four (4) minutes to make your comments regardless of the number of agenda items to be addressed.
Decision: Call to Order:
2: Business
A. First reading: Consideration and possible action approving Resolution No. 2026-3042 for an EDC Settlement Agreement.
attachments=2 | reports=1
Decision: Business
3: Executive Session
The City Council may take action on any Executive Session item posted. 551.071. Texas Government Code. Consultation with Attorney. The City Council may convene in executive session to conduct a private consultation with its attorney on any legal posted agenda item, when the City Council seeks advice of its attorney about pending or contemplated litigation, a settlement offer, or on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with the provisions of Chapter 551, including the following items:
4: Reconvene into Open Session:
A. Take any action resulting from Executive Session.
Decision: Reconvene into Open Session:
5: Adjournment
A. Adjournment – Jerry Cain, Mayor
Decision: Adjournment